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Overview of IENE’s Vienna Energy Transition Forum just released

Overview of IENE’s Vienna Energy Transition Forum just releasedA detailed account of the Energy Transition Forum organized by IENE on June 6 and 7 in the Austrian capital has just been released and added to the contents of the event’s microsite. Unlike other events with similar theme and orientation, the focus of IENE’s Vienna Energy Transition Forum was not one sided, as is often the case when the whole discussion ends up being an eulogy for renewables and the need for temperature rise containment to so many degrees.

A detailed account of the Energy Transition Forum organized by IENE on June 6 and 7 in the Austrian capital has just been released and added to the contents of the event’s microsite. Unlike other events with similar theme and orientation, the focus of IENE’s Vienna Energy Transition Forum was not one sided, as is often the case when the whole discussion ends up being an eulogy for renewables and the need for temperature rise containment to so many degrees.

The Forum’s organisers chose a far more difficult path when dealing with the real problems of Climate Change which are global rather then regional and certainly not European, since Europe's contribution to the planet's rising greenhouse gases is rather small (and declining) compared to the rest of the world and Asia's in particular. And besides, as IENE’s Chairman and Executive Director Costis Stambolis pointed out in his opening remarks, "Europe has a well worked out plan to mitigate increased greenhouse gases. In addition Europe’s role is significant, to say the least, in terms of technology and methodology, and hence its scientific contribution in fighting Climate Change is proportionally much higher compared to other countries”.

Stambolis also stressed that IENE, "through this Forum, aspires to broaden the debate on Energy Transition by giving equal weight to energy branches hitherto considered anathema in discussing the contribution of energy in mitigating climate change. In this context we believe that the role of natural gas, nuclear power and that of the oil and gas must be fully re considered in view of the serious merits that each one of them brings in the overall effort for decarbonization”.

In the same vein IENE’s past chairmanMr. John Chatzivasiliadis observed that the energy transformation aiming towards decarbonization will be one of the major elements in the 21st century based on renewables and natural gas. Decarbonisation was not so much a constant thread as a steel cable running through IENE’s Vienna Energy Transition Forum in Vienna on June 6 and 7, 2019.  From the first day’s opening statement by Janez Kopac, Director of the Energy Community in Vienna, to the closing remarks by John Roberts, the need to move as swiftly as possible to carbon neutrality was stressed by speaker after speaker.  And it is cost-effective, too.  Kopac said prices on the European carbon market are now starting to have a significant impact on investment in new power plants in western Balkans.

Futhermore, VETF consensus indicated that natural gas remains a major energy carrier in the energy sector and further expansion of its use and domination worldwide during the 21st century should be expected. Significant amounts of natural gas are used for power generation to substitute coal towards low CO2 emissions, in parallel with high penetration of renewables. Moreover, new uses of LNG in transport and shipping is becoming increasingly important.

The full text of the Vienna Energy Transition Forum Overview can be seen by accessing the event’s microsite at: http://www.iene.eu/en/congress/17/vienna-energy-transition-forum.

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