On the Road to 2030 Public Hearing – 25 th April 2013 European Parliament, Brussels David Odling, Oil & Gas UK.

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Presentation transcript:

On the Road to 2030 Public Hearing – 25 th April 2013 European Parliament, Brussels David Odling, Oil & Gas UK

The EU’s Energy Policy Triangle 2 EU Reduced Emissions of GHGs – by 20% in 2020 and 80% in 2050, since 1990 Security of Supply Affordability / Economic Competitiveness

A Tale of Two Worlds Quadrillion BTUs Non OECD OECD Courtesy: ExxonMobil’s 2013 Outlook for Energy Oil Gas Coal Nuclear Biomass Other Renewables

What should be done? 1.Coal and coal fired power generation: - the over-riding problem worldwide - a solution is needed more than anything else 2. In military terms, this means - big bangs costing affordable bucks 3.EU’s current policies are - small bangs costing unaffordable bucks 4. Gas in place of coal as quickly as possible 5. Much more R&D of new technologies, such as CCS 6.A sensible EU policy for emissions ahead to not multiple, over-lapping targets In terms of energy policy and climate change: