Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
CIR Magazine - Cyber Readiness, key to survivalMorgan Jones
Cybersecurity risks pose an increasing threat to organizations as technological change accelerates. A review of cyber attacks in 2019 found a rise in ransomware attacks that disrupted company operations. Looking ahead, emerging technologies like artificial intelligence could introduce new vulnerabilities if not properly governed. Experts call for increased international cooperation to address ongoing and future cybersecurity challenges posed by new technologies.
Many of the early adopters of cyber risk transfer were based in the US, (owing to the extremely strict legal requirement to notify all customers affected by a data breach). However recent developments are showing that cyber risks are not just a US problem. The past 18 months Aon has seen a dramatic increase in the number of companies outside the US purchasing cyber risk transfer.
The document discusses various topics related to cyber insurance and cyber risks. It reports on startling cybercrime numbers from Australia's cybercrime reporting network, and how Lloyd's is appealing to brokers to help standardize cyber risk data collection. It also discusses how the Australian and US governments will strengthen their partnership to combat cybercrime, and predictions that cyber insurance in Asia will significantly increase in the next few years.
As telcos go digital, cybersecurity risks intensify by pwcMert Akın
globalaviationairospace.com
Cyber security for telecommunications companies
The rewards and risks of the cloud, devices, and data
The fastest growing sources of security incidents, increase over 2013
Security strategies for evolving technologies
Strategic initiatives to improve cybersecurity
The preset (third) “Hiscox Cyber Readiness Report 2019” provides you with an up-to-the-minute picture of the cyber readiness of organisations, as well as a blueprint for best practice in the fight to counter the ever-evolving cyber threat.
More businesses report being impacted by a cyber incident year-on-year, with the risk appearing to be indiscriminate when it comes to size of business or sector.
The cost of cyber crime to businesses appears to be on an aggressive upwards trajectory – up by as much as 61% in aggregate this year.
Online security – an assessment of the newsunnyjoshi88
This document discusses online security risks and recommendations. It begins with definitions of online security, information security, information warfare, and internet security risk. It then reviews literature finding increasing dependence on the internet, expansion of criminal activity online like identity theft, and growing demand for cybersecurity specialists. Specific examples of data breaches at major organizations are provided. The document recommends a multi-layered approach to online security including collaboration between governments, businesses, and individuals. It also recommends businesses reconsider security strategies with trends like cloud computing and social media increasing risk.
CIR Magazine - Cyber Readiness, key to survivalMorgan Jones
Cybersecurity risks pose an increasing threat to organizations as technological change accelerates. A review of cyber attacks in 2019 found a rise in ransomware attacks that disrupted company operations. Looking ahead, emerging technologies like artificial intelligence could introduce new vulnerabilities if not properly governed. Experts call for increased international cooperation to address ongoing and future cybersecurity challenges posed by new technologies.
Many of the early adopters of cyber risk transfer were based in the US, (owing to the extremely strict legal requirement to notify all customers affected by a data breach). However recent developments are showing that cyber risks are not just a US problem. The past 18 months Aon has seen a dramatic increase in the number of companies outside the US purchasing cyber risk transfer.
The document discusses various topics related to cyber insurance and cyber risks. It reports on startling cybercrime numbers from Australia's cybercrime reporting network, and how Lloyd's is appealing to brokers to help standardize cyber risk data collection. It also discusses how the Australian and US governments will strengthen their partnership to combat cybercrime, and predictions that cyber insurance in Asia will significantly increase in the next few years.
As telcos go digital, cybersecurity risks intensify by pwcMert Akın
globalaviationairospace.com
Cyber security for telecommunications companies
The rewards and risks of the cloud, devices, and data
The fastest growing sources of security incidents, increase over 2013
Security strategies for evolving technologies
Strategic initiatives to improve cybersecurity
The preset (third) “Hiscox Cyber Readiness Report 2019” provides you with an up-to-the-minute picture of the cyber readiness of organisations, as well as a blueprint for best practice in the fight to counter the ever-evolving cyber threat.
More businesses report being impacted by a cyber incident year-on-year, with the risk appearing to be indiscriminate when it comes to size of business or sector.
The cost of cyber crime to businesses appears to be on an aggressive upwards trajectory – up by as much as 61% in aggregate this year.
Online security – an assessment of the newsunnyjoshi88
This document discusses online security risks and recommendations. It begins with definitions of online security, information security, information warfare, and internet security risk. It then reviews literature finding increasing dependence on the internet, expansion of criminal activity online like identity theft, and growing demand for cybersecurity specialists. Specific examples of data breaches at major organizations are provided. The document recommends a multi-layered approach to online security including collaboration between governments, businesses, and individuals. It also recommends businesses reconsider security strategies with trends like cloud computing and social media increasing risk.
The document discusses the growing threat of cyber attacks facing all organizations. It notes that no organization is safe from attacks, which are increasing in scale and sophistication. Some key points made include:
- Cyber attacks range from financially motivated crime to espionage to activism and warfare, with financial crime being the most commonly experienced by organizations.
- The boundary-less nature of cyber space and low costs of attacks relative to their impact make threats unpredictable and difficult to defend against.
- Effective cyber security requires looking outward beyond organizational boundaries and increasing collaboration both within sectors and between public and private sectors. However, collaboration is still not working effectively.
- Understanding online business models and protecting the data that represents organizational value are both critical
This document discusses the growing cyber threats facing organizations today. It notes that as organizations increasingly operate online and digitize their services and information, cyber attacks have risen in scale and sophistication. The document outlines the main types of cyber attacks, including financial crime, espionage, warfare, terrorism, and activism. It emphasizes that effective cyber security requires looking outward beyond organizational boundaries and increasing collaboration between businesses and government. However, the document notes that public-private collaboration on cyber security has not been fully effective so far. Overall, the document argues that as threats in cyberspace escalate, secure information has become a key source of power, and cyber security is a major risk issue that organizations must address.
Cost of Cybercrime Study in Financial Services: 2019 Reportaccenture
Now in its 9th year, this new Accenture presentation explores the impact associated with cybercrime, quantifying the cost of cyberattacks and analyzing trends in malicious activities in the financial services industry. And this year for the first time, we look to the future so that financial services organizations can better target their funds and resources and open up new revenue opportunities to unlock economic value.
Digital danger zone tackling cyber securityJohn Kingsley
The protection of critical national infrastructure has long been a serious concern to governments in this region, but an all-encompassing approach means achieving this is no longer limited to physical security. The widespread use of interconnected networks and control systems in national oil, gas, power, water and electricity sectors, means there is now a very real and growing need to enhance cyber security, highlighted by an ever increasing number of international attacks.
Indeed, as a region responsible for much of the world’s energy, GCC countries are placing cyber defence as one of their priority areas for development. Saudi Arabia has plans to spend $3.3Bn on oil and gas infrastructure security and Qatar, Oman, Kuwait and the UAE are set to follow suit over the coming years.
“The cyber security threat to energy installations is surprisingly widespread, running across utilities and distribution networks to generation, refining, and even drilling and exploration. Most security professionals now say that if you think you have not had your security breached then you just haven’t detected it,” says Professor Paul Dorey, director at CSO Confidential.
#NIST SP 800-53 #NERC #CIP #CyberSecurity #ISO27002 #IEC27002 #ISO27001 #IEC27002 #NIST #ISA62443 #IEC62443 #ISA99 #IACS #iFluids #InfoSec #NetworkSecurity #ICS #Automation #ControlSystem #GIACS #PEBC #Protection #Endpoint #Firewall #Routers #Switch #ISO31000 #DMZ #Layer3.5
The document presents the Cyber Readiness Index 2.0, which evaluates 125 countries' preparedness for cyber risks and identifies areas for improvement. It does this through a methodology with over 70 indicators across 7 elements: national strategy, incident response, e-crime law enforcement, information sharing, investment in R&D, diplomacy and trade, and defense and crisis response. The CRI 2.0 aims to help countries understand gaps between their current cyber security posture and capabilities needed to achieve economic goals, and provides a blueprint for countries to become "cyber ready."
Opening Keynote: How a Pandemic Can Inform Our Response to a Major Cyber Secu...SophiaPalmira
As we all now know - a Pandemic creates escalating waves of uncertainty, causes policy and politics to collide, and forces hasty decisions during emergency response. But what can we learn from the global pandemic response that will inform our planning for a large scale cybersecurity incident? This keynote will discuss your readiness for operating with resilience during a large scale cybersecurity event.
The promise — and potential — of blockchain to drive social impact is massive, but how much of it is hype and how much is reality? This slideshow includes highlights and case studies from the Stanford Graduate School of Business study “Blockchain for Social Impact: Moving Beyond the Hype.” It includes data on the landscape as a whole, as well as spotlights on eight sectors: Agriculture, Democracy, Identity, Energy, Financial Inclusion, Health, Land Rights, and Philanthropy.
Data Breach Insurance - Optometric Protector Plansarahb171
The Optometric Protector Plan offers malpractice, professional liability and business insurance for Optometrists, Ophthalmic Technicians and Students. Here is the 2014 Data Breach Industry Forecast.
2017 Cost Of Cyber Crime Study | Insights On The Security Investments That Ma...Accenture Insurance
Cyber crime costs are accelerating. With organizations spending nearly 23 percent more than last year—US$11.7 million, on average—they are investing on an unprecedented scale. Yet, whether managing incidents or the disruption from them, current spend priorities show that much of this is misdirected toward security capabilities that fail to deliver the best efficiency and effectiveness.
This document summarizes cyber risks and data breaches. It discusses the growing threat of cyber crime and costs of data breaches. Mandatory breach disclosure laws have significantly increased costs for US companies, with the average data breach costing $7.2 million compared to $1.9 million in the UK without such laws. Examples of large breaches include Sony, which suffered a breach of 77 million user records costing an estimated $171 million. The document examines risks like hacking, theft, and human error, as well as emerging issues around cloud computing and mobile devices.
This document provides an overview of legal protections and potential rewards available to cybersecurity whistleblowers under federal and state laws. It discusses how several federal statutes, such as Sarbanes-Oxley, Dodd-Frank, and the False Claims Act, may protect cybersecurity whistleblowers from retaliation based on the entity they work for and the wrongdoing they report. It also explains how state public policy protections and federal programs like the SEC and CFTC whistleblower programs can incentivize whistleblowing. The document provides guidance on pursuing protection and rewards for cybersecurity whistleblowers and stresses the importance of whistleblowing in addressing growing cybersecurity threats faced by both private companies and government agencies.
All product and company names mentioned herein are for identification and educational purposes only and are the property of, and may be trademarks of, their respective owners.
This document discusses the growing threat of cybercrime and cyberterrorism as American society becomes increasingly interconnected through digital technology and the internet. It notes that critical infrastructure systems like transportation, energy, water, healthcare and financial services all rely on internet-connected digital systems, making them vulnerable to cyber attacks that could disrupt services or endanger lives. The document advocates for improved cybersecurity measures to protect personal information, businesses, governments and critical infrastructure from online threats.
This document provides an overview of cyber risk management and regulation. It discusses the following key points:
1) The European Union has proposed new, unified data protection rules across EU member states to combat cybercrime and strengthen online privacy. It is also establishing a European Cybercrime Centre.
2) Regulation of data protection varies by state in the US, with some states like California having very strict notification requirements for data breaches.
3) Regulators worldwide are increasing scrutiny of cyber liabilities and there is an expectation that regulatory penalties for companies that fail to adequately protect against cyber risks will be stepped up.
The study provides valuable insight into the change in agency investment, awareness, and support for cybersecurity – as well as the challenges and barriers faced in achieving these goals.
Notable Takeaways:
• Financial Risks: According to a 2016 BetaNews article, “the total average cost of a data breach is now put at $6.53M, which includes $3.72M in lost business. Forensic investigations can cost up to $2,000 an hour, and the average annual salary of a security engineer is $92,000. With these high costs, proper preventative attack measures and cybersecurity insurance are crucial for the financial safety of organizations
• Employee Risks: A sizeable percentage of local agencies responded to never having taken cybersecurity awareness training for citizens (71.4%), contractors (61.9%), and local elected officials (50.1%). Given that human error creates vulnerabilities for breaches through targeted attacks like spear-phishing – employee education, RBAC measures, and RMS are of critical importance for agencies.
• What Agencies Want: The top three actions that were recommended by the respondents of the study were (1) Higher funding for cybersecurity; (2) Better cybersecurity polices; and (3) Greater cybersecurity awareness among employees in their local governments.
This document summarizes key points from a discussion on regulating the internet. It discusses arguments for net neutrality and challenges to claims of a "data explosion" necessitating tiered internet access. It also analyzes cases involving Google, including its settlements with regulators, and argues for a "prosumer law" approach focused on search neutrality, interoperability and truthful advertising rather than large fines. Overall it advocates for evidence-based internet policymaking that considers complex realities rather than ideological positions.
The document discusses cyber warfare and whether businesses can trust governments to protect them. It notes that cyber attacks on private companies have increased in sophistication and many are state-sponsored. While governments have largely ignored the threat, some like the UK and India are now reaching out to the private sector to share information and establish partnerships to combat cyber attacks. However, there are still open questions around how such public-private partnerships would work in practice and whether increased cooperation could threaten privacy and enable government overreach.
INFOGRAPHIC: The Evolution of Data PrivacySymantec
The document discusses the growing issue of data privacy and protection as data volumes continue to rapidly increase. It notes that by 2020 there will be 40 zettabytes of digital data, and many businesses are unprepared to properly handle and protect this data. The EU's new General Data Protection Regulation will require businesses to be more accountable with data and comply with regulations like mandatory breach notification, data subject rights, and restrictions on consumer profiling. Proper compliance will require businesses to know exactly what data they have, where it is stored, who has access, and how it is being used.
This document appears to be a slide deck on cybersecurity presented by Splunk. It contains over 30 slides covering topics such as the history of cyber attacks, quotes about the challenges of cybersecurity from as early as 1979, and slides addressing questions about strategy, governance, and acceptable breach levels. The document shows that cybersecurity challenges have existed for decades and that organizations are still working to define effective strategies and governance models to address continually evolving threats.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
L'edizione annuale del World Energy Focus riprende i temi del World Energy Congress Istanbul 2016. Al suo interno interviste esclusive a:
Francesco Starace, CEO Enel
Fatih Birol, Director IEA
Paddy Padmanathan, CEO Acwa Power
Jean-Bernard Lévy, CEO EDF
Adnan Amin, Director IRENA
Hwan-Eik Cho, CEO KEPCO
Tra i temi trattati: il trilemma energia, nuova centrale nucleare in Finlandia, verso un mercato flessibile e globale del GNL ed altri ancora.
The document discusses the growing threat of cyber attacks facing all organizations. It notes that no organization is safe from attacks, which are increasing in scale and sophistication. Some key points made include:
- Cyber attacks range from financially motivated crime to espionage to activism and warfare, with financial crime being the most commonly experienced by organizations.
- The boundary-less nature of cyber space and low costs of attacks relative to their impact make threats unpredictable and difficult to defend against.
- Effective cyber security requires looking outward beyond organizational boundaries and increasing collaboration both within sectors and between public and private sectors. However, collaboration is still not working effectively.
- Understanding online business models and protecting the data that represents organizational value are both critical
This document discusses the growing cyber threats facing organizations today. It notes that as organizations increasingly operate online and digitize their services and information, cyber attacks have risen in scale and sophistication. The document outlines the main types of cyber attacks, including financial crime, espionage, warfare, terrorism, and activism. It emphasizes that effective cyber security requires looking outward beyond organizational boundaries and increasing collaboration between businesses and government. However, the document notes that public-private collaboration on cyber security has not been fully effective so far. Overall, the document argues that as threats in cyberspace escalate, secure information has become a key source of power, and cyber security is a major risk issue that organizations must address.
Cost of Cybercrime Study in Financial Services: 2019 Reportaccenture
Now in its 9th year, this new Accenture presentation explores the impact associated with cybercrime, quantifying the cost of cyberattacks and analyzing trends in malicious activities in the financial services industry. And this year for the first time, we look to the future so that financial services organizations can better target their funds and resources and open up new revenue opportunities to unlock economic value.
Digital danger zone tackling cyber securityJohn Kingsley
The protection of critical national infrastructure has long been a serious concern to governments in this region, but an all-encompassing approach means achieving this is no longer limited to physical security. The widespread use of interconnected networks and control systems in national oil, gas, power, water and electricity sectors, means there is now a very real and growing need to enhance cyber security, highlighted by an ever increasing number of international attacks.
Indeed, as a region responsible for much of the world’s energy, GCC countries are placing cyber defence as one of their priority areas for development. Saudi Arabia has plans to spend $3.3Bn on oil and gas infrastructure security and Qatar, Oman, Kuwait and the UAE are set to follow suit over the coming years.
“The cyber security threat to energy installations is surprisingly widespread, running across utilities and distribution networks to generation, refining, and even drilling and exploration. Most security professionals now say that if you think you have not had your security breached then you just haven’t detected it,” says Professor Paul Dorey, director at CSO Confidential.
#NIST SP 800-53 #NERC #CIP #CyberSecurity #ISO27002 #IEC27002 #ISO27001 #IEC27002 #NIST #ISA62443 #IEC62443 #ISA99 #IACS #iFluids #InfoSec #NetworkSecurity #ICS #Automation #ControlSystem #GIACS #PEBC #Protection #Endpoint #Firewall #Routers #Switch #ISO31000 #DMZ #Layer3.5
The document presents the Cyber Readiness Index 2.0, which evaluates 125 countries' preparedness for cyber risks and identifies areas for improvement. It does this through a methodology with over 70 indicators across 7 elements: national strategy, incident response, e-crime law enforcement, information sharing, investment in R&D, diplomacy and trade, and defense and crisis response. The CRI 2.0 aims to help countries understand gaps between their current cyber security posture and capabilities needed to achieve economic goals, and provides a blueprint for countries to become "cyber ready."
Opening Keynote: How a Pandemic Can Inform Our Response to a Major Cyber Secu...SophiaPalmira
As we all now know - a Pandemic creates escalating waves of uncertainty, causes policy and politics to collide, and forces hasty decisions during emergency response. But what can we learn from the global pandemic response that will inform our planning for a large scale cybersecurity incident? This keynote will discuss your readiness for operating with resilience during a large scale cybersecurity event.
The promise — and potential — of blockchain to drive social impact is massive, but how much of it is hype and how much is reality? This slideshow includes highlights and case studies from the Stanford Graduate School of Business study “Blockchain for Social Impact: Moving Beyond the Hype.” It includes data on the landscape as a whole, as well as spotlights on eight sectors: Agriculture, Democracy, Identity, Energy, Financial Inclusion, Health, Land Rights, and Philanthropy.
Data Breach Insurance - Optometric Protector Plansarahb171
The Optometric Protector Plan offers malpractice, professional liability and business insurance for Optometrists, Ophthalmic Technicians and Students. Here is the 2014 Data Breach Industry Forecast.
2017 Cost Of Cyber Crime Study | Insights On The Security Investments That Ma...Accenture Insurance
Cyber crime costs are accelerating. With organizations spending nearly 23 percent more than last year—US$11.7 million, on average—they are investing on an unprecedented scale. Yet, whether managing incidents or the disruption from them, current spend priorities show that much of this is misdirected toward security capabilities that fail to deliver the best efficiency and effectiveness.
This document summarizes cyber risks and data breaches. It discusses the growing threat of cyber crime and costs of data breaches. Mandatory breach disclosure laws have significantly increased costs for US companies, with the average data breach costing $7.2 million compared to $1.9 million in the UK without such laws. Examples of large breaches include Sony, which suffered a breach of 77 million user records costing an estimated $171 million. The document examines risks like hacking, theft, and human error, as well as emerging issues around cloud computing and mobile devices.
This document provides an overview of legal protections and potential rewards available to cybersecurity whistleblowers under federal and state laws. It discusses how several federal statutes, such as Sarbanes-Oxley, Dodd-Frank, and the False Claims Act, may protect cybersecurity whistleblowers from retaliation based on the entity they work for and the wrongdoing they report. It also explains how state public policy protections and federal programs like the SEC and CFTC whistleblower programs can incentivize whistleblowing. The document provides guidance on pursuing protection and rewards for cybersecurity whistleblowers and stresses the importance of whistleblowing in addressing growing cybersecurity threats faced by both private companies and government agencies.
All product and company names mentioned herein are for identification and educational purposes only and are the property of, and may be trademarks of, their respective owners.
This document discusses the growing threat of cybercrime and cyberterrorism as American society becomes increasingly interconnected through digital technology and the internet. It notes that critical infrastructure systems like transportation, energy, water, healthcare and financial services all rely on internet-connected digital systems, making them vulnerable to cyber attacks that could disrupt services or endanger lives. The document advocates for improved cybersecurity measures to protect personal information, businesses, governments and critical infrastructure from online threats.
This document provides an overview of cyber risk management and regulation. It discusses the following key points:
1) The European Union has proposed new, unified data protection rules across EU member states to combat cybercrime and strengthen online privacy. It is also establishing a European Cybercrime Centre.
2) Regulation of data protection varies by state in the US, with some states like California having very strict notification requirements for data breaches.
3) Regulators worldwide are increasing scrutiny of cyber liabilities and there is an expectation that regulatory penalties for companies that fail to adequately protect against cyber risks will be stepped up.
The study provides valuable insight into the change in agency investment, awareness, and support for cybersecurity – as well as the challenges and barriers faced in achieving these goals.
Notable Takeaways:
• Financial Risks: According to a 2016 BetaNews article, “the total average cost of a data breach is now put at $6.53M, which includes $3.72M in lost business. Forensic investigations can cost up to $2,000 an hour, and the average annual salary of a security engineer is $92,000. With these high costs, proper preventative attack measures and cybersecurity insurance are crucial for the financial safety of organizations
• Employee Risks: A sizeable percentage of local agencies responded to never having taken cybersecurity awareness training for citizens (71.4%), contractors (61.9%), and local elected officials (50.1%). Given that human error creates vulnerabilities for breaches through targeted attacks like spear-phishing – employee education, RBAC measures, and RMS are of critical importance for agencies.
• What Agencies Want: The top three actions that were recommended by the respondents of the study were (1) Higher funding for cybersecurity; (2) Better cybersecurity polices; and (3) Greater cybersecurity awareness among employees in their local governments.
This document summarizes key points from a discussion on regulating the internet. It discusses arguments for net neutrality and challenges to claims of a "data explosion" necessitating tiered internet access. It also analyzes cases involving Google, including its settlements with regulators, and argues for a "prosumer law" approach focused on search neutrality, interoperability and truthful advertising rather than large fines. Overall it advocates for evidence-based internet policymaking that considers complex realities rather than ideological positions.
The document discusses cyber warfare and whether businesses can trust governments to protect them. It notes that cyber attacks on private companies have increased in sophistication and many are state-sponsored. While governments have largely ignored the threat, some like the UK and India are now reaching out to the private sector to share information and establish partnerships to combat cyber attacks. However, there are still open questions around how such public-private partnerships would work in practice and whether increased cooperation could threaten privacy and enable government overreach.
INFOGRAPHIC: The Evolution of Data PrivacySymantec
The document discusses the growing issue of data privacy and protection as data volumes continue to rapidly increase. It notes that by 2020 there will be 40 zettabytes of digital data, and many businesses are unprepared to properly handle and protect this data. The EU's new General Data Protection Regulation will require businesses to be more accountable with data and comply with regulations like mandatory breach notification, data subject rights, and restrictions on consumer profiling. Proper compliance will require businesses to know exactly what data they have, where it is stored, who has access, and how it is being used.
This document appears to be a slide deck on cybersecurity presented by Splunk. It contains over 30 slides covering topics such as the history of cyber attacks, quotes about the challenges of cybersecurity from as early as 1979, and slides addressing questions about strategy, governance, and acceptable breach levels. The document shows that cybersecurity challenges have existed for decades and that organizations are still working to define effective strategies and governance models to address continually evolving threats.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
L'edizione annuale del World Energy Focus riprende i temi del World Energy Congress Istanbul 2016. Al suo interno interviste esclusive a:
Francesco Starace, CEO Enel
Fatih Birol, Director IEA
Paddy Padmanathan, CEO Acwa Power
Jean-Bernard Lévy, CEO EDF
Adnan Amin, Director IRENA
Hwan-Eik Cho, CEO KEPCO
Tra i temi trattati: il trilemma energia, nuova centrale nucleare in Finlandia, verso un mercato flessibile e globale del GNL ed altri ancora.
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
Rivista del FIRE (Federazione Italiana per l’uso Razionale dell’Energia) Indirizzata principalmente ai soggetti che operano nel campo della gestione dell’energia, quali energy manager ed ESCO, Gestione Energia si rivolge anche a dirigenti e funzionari di aziende ed enti interessati all’efficienza energetica – sia lato domanda sia lato offerta –, produttori di tecnologie, aziende produttrici di elettricità e calore, università e organismi di ricerca e innovazione.
This document discusses how emojis, emoticons, and text speak can be used to teach students. It provides background on the origins of emoticons in 1982 as ways to convey tone and feelings in text communications. It then suggests that with text speak and emojis, students can translate, decode, summarize, play with language, and add emotion to language. A number of websites and apps that can be used for emoji-related activities, lessons, and discussions are also listed.
Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems?
Here’s what AI learnings your business should keep in mind for 2017.
Study: The Future of VR, AR and Self-Driving CarsLinkedIn
We asked LinkedIn members worldwide about their levels of interest in the latest wave of technology: whether they’re using wearables, and whether they intend to buy self-driving cars and VR headsets as they become available. We asked them too about their attitudes to technology and to the growing role of Artificial Intelligence (AI) in the devices that they use. The answers were fascinating – and in many cases, surprising.
This SlideShare explores the full results of this study, including detailed market-by-market breakdowns of intention levels for each technology – and how attitudes change with age, location and seniority level. If you’re marketing a tech brand – or planning to use VR and wearables to reach a professional audience – then these are insights you won’t want to miss.
Not Prepared for Hacks
U.S. News & World Report Weekly.
(May 30, 2014):
From Educators Reference Complete.
Copyright:
COPYRIGHT 2014 U.S. News and World Report, L.P.. All rights reserved.
http://www.usnews.com/
Full Text:
Data breaches are up and businesses aren't ready to deal with them
By Tom Risen
Hacking increased so much this past year that approximately half of U.S.
adults had their information stolen and less than half of U.S. companies have
taken enough precautions to protect consumer data, according to two studies
released this week.
Recent months have been filled with reports about hackers stealing credit
card data, online account passwords and other personal information from
consumers. These included data breaches of networks at retailers like Target
and Michaels, along with the Heartbleed security bug that made software
vulnerable to spying and online theft. Last week, in one of the latest major
security incidents, eBay urged its users to change their passwords
"because of a cyberattack that compromised a database containing
encrypted passwords and other non-financial data."
Approximately 110 million people, or 47 percent of adults, in the United
States have had their personal information exposed by such attacks, according
to a new study from CNNMoney and cybersecurity research firm the Ponemon
Institute. Attacks will likely become more frequent as Internet and mobile
device use grows, the report cautioned.
To make matters worse, companies are lagging behind trying to protect
themselves, according to PricewaterhouseCoopers' 2014 U.S. State of
Cybercrime Survey published Wednesday. Less than half of companies in the
survey took necessary steps to protect themselves. Only 38 percent
prioritized security investments based on the risks to their businesses, and
only 31 percent have a security strategy for the rapidly growing mobile
sector.
Businesses are unprepared in part because of poor cybersecurity training at
colleges, says Alan Paller, co-chair of the U.S. Department of Homeland
Security's Task Force on CyberSkills, which advises how to train
cybersecurity professionals. Security training was not provided for new
employees at 54 percent of the businesses in the PricewaterhouseCoopers
survey. "Colleges are creating people who can tell you about security
but they cannot fix the system," says Paller, founder of the SANS
Institute cybersecurity training organization.
Many cybersecurity specialists with practical computer expertise "are
not coming out of academia," Paller adds. Rather, "they are a lot
of self ...
Etude PwC/CIO/CSO sur la sécurité de l'information (2014)PwC France
http://bit.ly/Cybersecurite-sept14
Etude mondiale de PwC, CIO et CSO réalisée en ligne du 27 mars 2014 au 25 mai 2014. Les résultats présentés ici sont fondés sur les réponses de plus de 9700 CEO, CFO, CIO, RSSI, les OSC, les vice-présidents et des directeurs de l'information et des pratiques de sécurité de plus de 154 pays.
35 % des répondants sont d'Amérique du Nord, 34 % d'Europe, 14 % d'Asie-Pacifique, 13 % en Amérique du Sud, et 4 % du Moyen-Orient et d’Afrique.
The document discusses the growing cyber threats facing organizations from both private and state actors. It notes that cyber attacks are increasing in scale and sophistication, with no organization considered completely safe. Effective cyber security requires an outward-looking approach that crosses organizational and national boundaries through increased collaboration between both public and private sectors. However, many organizations still face barriers to effective cyber security including a need for new skills, integrating security into business operations, and a lack of board-level understanding and prioritization of the issues.
www.pwc.comgsiss2015Managing cyber risks in an intercon.docxericbrooks84875
www.pwc.com/gsiss2015
Managing cyber risks in an
interconnected world
Key findings from The Global State of
Information Security® Survey 2015
30 September 2014
03
Employees are the most-
cited culprits of incidents
p13
Nation-states, hackers, and
organized crime groups are
the cybersecurity villains that
everybody loves to hate
Figure 6: Insiders vs. outsiders
p15
High growth in high-profile
crimes
p18
Domestic intelligence: A new
source of concern
01
Cyber risks: A severe and
present danger
p1
Cybersecurity is now a persistent
business risk
p3
And the risks go beyond devices
p5
Cybersecurity services market
is expanding
Figure 1: Security incidents outpace
GDP and mobile phone growth
Table of contents
02
Incidents and financial
impacts continue to soar
p7
Continued year-over-year
rise is no surprise
Figure 2: Security incidents grow
66% CAGR
Figure 3: Larger companies detect
more incidents
Figure 4: Information security
budget by company size (revenue)
p10
Financial losses increase apace
Figure 5: Incidents are more costly
to large organizations
07
Evolving from security to
cyber risk management
p31
As incidents continue to proliferate
across the globe, it’s becoming
clear that cyber risks will never
be completely eliminated
p35
Methodology
p36
Endnotes & sources
p37
Contacts by region
04
As incidents rise, security
spending falls
p19
Organizations are undoubtedly
worried about the rising tide
of cybercrime
Figure 7: Overall, average security
budgets decrease slightly, reversing
a three-year trend.
Figure 8: Top spending priorities
over the next 12 months
05
Declines in fundamental
security practices
p25
Security practices must keep pace
with constantly evolving threats
and security requirements
Figure 9: Failing to keep up with
security threats
Figure 10: At most organizations, the
Board of Directors does not participate
in key information security activities
06
Gains in select security
initiatives
p29
While we found declines in
some security practices, we also
saw gains in important areas
Cybersecurity is
now a persistent
business risk
It is no longer an issue that
concerns only information
technology and security
professionals; the impact
has extended to the C-suite
and boardroom.
Awareness and concern about
security incidents and threats
also has become top of mind among
consumers as well. In short, few
risk issues are as all-encompassing
as cybersecurity.
Media reports of security incidents
have become as commonplace as the
weather forecast, and over the past
12 months virtually every industry
sector across the globe has been hit
by some type of cyber threat.
Following are but a few: As incidents
proliferate, governments are
becoming more proactive in helping
organizations fight cyber crime.
The US Federal Bureau of
Investigation (FBI), for example,
disclosed that it notified 3,000
companies—including banks,
retaile.
The Cyber 4.01 conference highlighted the growing threats posed by cyber attacks and discussed how businesses can improve their cyber security strategies. National Security Agency official George Bartko warned that cybercriminals constantly target valuable digital assets like intellectual property, personal data, and online services. Effective security requires integrated, adaptable solutions and a sustained effort to monitor for vulnerabilities. Multiple experts emphasized the widespread nature of cyber attacks and called for cross-sector collaboration between government, businesses, and academia to address security challenges in an innovative way.
This document discusses security threats that companies will face in 2020. It notes that cybercrime is increasing in frequency and severity. Emerging threats include the growth of connected devices and societies, vulnerabilities in medical devices, increased machine-to-machine interactions, reliance on mobile devices, growth of cloud services, and risks around big data. The document warns that security needs to protect all aspects of the enterprise from the data center to mobile devices and beyond. Adversaries are increasingly sophisticated and companies must manage security risks in a connected world.
This white paper discusses cyber security predictions and trends for the next 18 months. It outlines 5 trends: 1) major mobile exploits due to increased mobility and devices, 2) open source vulnerabilities as adversaries target these, 3) supply chain attacks remaining critical as vendors are easier targets, 4) increased industry-specific attacks and malware, and 5) greater privacy legislation in response to public concerns about data collection. The paper recommends organizations assess their use of open source software, supply chain security policies, industry-specific defenses, and data privacy practices to address these evolving threats.
Preparing today for tomorrow’s threats.
When companies hear the word “security,” what concepts come to mind
— safety, protection or perhaps comfort? To the average IT administrator,
security conjures up images of locked-down networks and virus-free devices.
An attacker, state-sponsored agent or hactivist, meanwhile, may view security
as a way to demonstrate expertise by infiltrating and bringing down corporate
or government networks for profit, military goals, political gain — or even fun.
We live in a world in which cybercrime is on the rise. A quick scan of the
timeline of major incidents (See Figure 1, Page 9) shows the increasing
frequency and severity of security breaches — a pattern that is likely
to continue for years to come. Few if any organizations are safe from
cybercriminals, to say nothing of national security. In fact, experts even
exposed authentication and encryption vulnerabilities in the U.S. Federal
Aviation Administration’s new state-of-the-art multibillion-dollar air
traffic control system
The Future of Security in Australia: a Think Tank Report by BlackBerry. This white paper from BlackBerry, the mobile-native software and services company dedicated to securing the Enterprise of Things, features the analysis and thoughts from a 10-expert roundtable late last year looking at trends in cyber and mobile security.
WSIS10 Action Line C5 Building Confidence and Security in the use of ICT'sDr Lendy Spires
While progress has been made in cybersecurity education, reducing spam, and increasing secure online transactions and incident response capabilities, international cooperation remains fragmented and several challenges remain. Key ongoing challenges include the evolution of technologies and applications, weaknesses in user authentication like passwords, securing the growing Internet of Things, improving detection and response to cyber incidents, developing metrics to measure cybersecurity effectiveness, issues with cloud computing, ensuring child online safety, strengthening the capabilities of national CERT teams, and having more countries develop national cybersecurity strategies. Addressing these challenges will be important for continuing to build confidence and security in ICT use globally.
The document is a research report that compares insurance protection for tangible versus intangible assets. Some key findings:
1) Information assets are valued slightly higher on average ($1.082 billion) than tangible property, plant, and equipment ($947 million) but have much lower insurance coverage (15% vs 59%).
2) The potential maximum loss from information assets being stolen or destroyed is estimated to be higher on average ($979 million) than potential losses from tangible assets ($770 million).
3) Despite higher risks and potential losses to information assets, companies are reluctant to purchase cyber insurance and many would not disclose material losses of information assets in financial statements like they would for tangible assets.
This presentation examines to what extent that cyber-insurance can be a useful tool to manage the risks and harms caused by massive cyber-attacks from the national as opposed to enterprise standpoint,
Can We Avert A Cyber-Insurance Market Crisis?Ethan S. Burger
This presentation examines to what extent that cyber-insurance can be a useful tool to manage the risks and harms caused by massive cyber-attacks from the national as opposed to enterprise standpoint --
Public Relations Campaign for SecureWorks for IMC 618: PR Concepts & Strategy. Campaign is focused on increasing brand awareness among both big and small businesses as well as potential investors.
The document is a cyber security opportunity analysis report that examines trends in cyber security and evaluates Ireland's potential to become a leader in the cyber security field. Some of the key points summarized:
1) Increased regulation of data privacy and rising cyber crimes are major trends expected over the next five years, according to industry experts surveyed in the report.
2) Ireland is uniquely positioned to benefit from growing global investment in cyber security due to its existing tech sector strengths and growing cyber cluster.
3) The report finds that Ireland has significant potential to develop a cyber cluster and become a global leader in cyber security, an increasingly important industry.
I4ADA 2019 - presentation Catherine Garcia-van HoogstratenPaul van Heel
See https://i4ada.org for additional information and videorecordings of the presentations held at the Hague Summit for Accountability in the Digital Age
Most respondents to the survey say they plan to increase their security spending in 2016, with the majority planning to spend between $50,000-$100,000, compared to 2015 where most spent $0-10,000. Experts predict the global cybersecurity market will increase nearly 8% in 2016 to $81 billion total. The statistics are seen as conservative, with one expert believing over 80% of organizations will spend over $100,000 due to increased geo-political conflicts playing out through hacktivism and cybercriminals transitioning to data exfiltration for profit, often exploiting DNS vulnerabilities. There was also a sharp rise in awareness of ransomware among respondents.
The document discusses cybersecurity challenges and capabilities in the insurance industry based on a survey conducted by Accenture Security. Some key findings include:
- Insurance companies have made progress in their cybersecurity capabilities but around 20% of attempted breaches are still successful, exposing risk.
- While insurance leaders are confident in their cyber defenses, attackers are becoming more sophisticated so overconfidence could be an issue.
- Insurance companies need to invest more in advanced technologies like AI and automation to keep up with cyber criminals.
- Achieving mastery in cybersecurity for insurance companies would mean things like identifying breaches quickly, involving more than just the security team, and focusing on the right performance metrics beyond just underwriting losses.
Combating Cybersecurity Challenges with Advanced AnalyticsCognizant
Using an AI-powered analytics platform, IT organizations can shift from a reactive approach to security breaches, to proactively identifying increasingly sophisticated threat vectors and quickly resolving exploitable vulnerabilities.
The document summarizes recent events from the World Energy Council, including their 2018 World Energy Week conference in Milan. It discusses key topics from the conference such as innovation, technologies, resilience, and sustainability in the energy sector. It also announces upcoming energy events around the world and calls for applicants for the 2019 SET Award, which recognizes innovators in the energy transition.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
World Energy Leaders' Summit - World Energy Week - Milan 2018WEC Italia
The document outlines the agenda and speakers for the World Energy Leaders' Summit on October 11, 2018 in Milan. The summit will address key issues in achieving a sustainable energy future such as digitalization, decarbonization, and decentralization. Speakers include government energy ministers, CEOs of energy companies, and heads of energy organizations. Topics to be covered include tracking energy trends, innovations in energy like digitalization and blockchain, and the revolution in transportation.
Italian Energy Day - World Energy Week - Milan, 2018WEC Italia
Announced first confirmed Speakers for the Italian Energy Day | October 11, 2018 Milan #worldenergyweek! Stay tuned for updates on September! https://goo.gl/vwkYTc @WECouncil @WECFELs
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
REGISTRATION FOR THE WORLD ENERGY WEEK MILAN 2018 ARE NOW OPEN! Visit the site and be the first to register! Discover the main discussion topics: Innovation, new technologies, resilience, innovative mobility and energy access: https://goo.gl/xhMTDU
The document provides summaries of various energy-related topics:
1) It introduces an interview with the President of the Argentine MC about the country's upcoming World Energy Leaders' Summit and contributions to energy transition.
2) It describes the launch of the World Energy Council's 2018 Issues Monitor report and interactive tool which highlights shifting priorities in the energy sector towards digitalization, decentralization, and decarbonization.
3) It briefly profiles Alexie Seller, a finalist in the SET100 initiative, who focuses on bringing sustainable energy and clean water to communities in India.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
Il World Energy Focus, nuovo mensile online della WEC's community, una e-publication gratuita per essere sempre aggiornato sugli sviluppi del settore energetico. Il World Energy Focus contiene news, interviste esclusive e uno spazio dedicato agli eventi promossi dai singoli Comitati Nazionali.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
The World Energy Council Chair opened a global energy leaders summit to discuss long-term energy policy under the energy trilemma framework. The Council also signed an agreement with the Eurasian Economic Commission to strengthen cooperation on energy issues in Eurasia. Additionally, the Council presented at conferences on hydropower development and trends in Austria's energy future.
L'edizione annuale del World Energy Focus è online e può essere scaricata gratuitamente dal sito del World Energy Council! Suddivisa in cinque sezioni:
EXCLUSIVE ANALYSIS & INTERVIEWS
POLICY & REGULATION INNOVATION
DIGITAL INNOVATION
TECHNOLOGY & DECARBONISATION INNOVATION
BUSINESS MODELS INNOVATION
La pubblicazione raccoglie interviste a CEO, Ministri, esperti del settore energia e articoli e contributi di membri del World Energy Council.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
Il World Energy Inside è una pubblicazione mensile del World Energy Council (WEC) contenente interviste a rappresentanti del WEC e dei Comitati Nazionali, overview e aggiornamenti sulle attività recenti e future del WEC in tutto il mondo e, approfondimenti sulle ultime news in ambito energetico.
ACEP Magazine edition 4th launched on 05.06.2024Rahul
This document provides information about the third edition of the magazine "Sthapatya" published by the Association of Civil Engineers (Practicing) Aurangabad. It includes messages from current and past presidents of ACEP, memories and photos from past ACEP events, information on life time achievement awards given by ACEP, and a technical article on concrete maintenance, repairs and strengthening. The document highlights activities of ACEP and provides a technical educational article for members.
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...IJECEIAES
Climate change's impact on the planet forced the United Nations and governments to promote green energies and electric transportation. The deployments of photovoltaic (PV) and electric vehicle (EV) systems gained stronger momentum due to their numerous advantages over fossil fuel types. The advantages go beyond sustainability to reach financial support and stability. The work in this paper introduces the hybrid system between PV and EV to support industrial and commercial plants. This paper covers the theoretical framework of the proposed hybrid system including the required equation to complete the cost analysis when PV and EV are present. In addition, the proposed design diagram which sets the priorities and requirements of the system is presented. The proposed approach allows setup to advance their power stability, especially during power outages. The presented information supports researchers and plant owners to complete the necessary analysis while promoting the deployment of clean energy. The result of a case study that represents a dairy milk farmer supports the theoretical works and highlights its advanced benefits to existing plants. The short return on investment of the proposed approach supports the paper's novelty approach for the sustainable electrical system. In addition, the proposed system allows for an isolated power setup without the need for a transmission line which enhances the safety of the electrical network
A review on techniques and modelling methodologies used for checking electrom...nooriasukmaningtyas
The proper function of the integrated circuit (IC) in an inhibiting electromagnetic environment has always been a serious concern throughout the decades of revolution in the world of electronics, from disjunct devices to today’s integrated circuit technology, where billions of transistors are combined on a single chip. The automotive industry and smart vehicles in particular, are confronting design issues such as being prone to electromagnetic interference (EMI). Electronic control devices calculate incorrect outputs because of EMI and sensors give misleading values which can prove fatal in case of automotives. In this paper, the authors have non exhaustively tried to review research work concerned with the investigation of EMI in ICs and prediction of this EMI using various modelling methodologies and measurement setups.
Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapte...University of Maribor
Slides from talk presenting:
Aleš Zamuda: Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapter and Networking.
Presentation at IcETRAN 2024 session:
"Inter-Society Networking Panel GRSS/MTT-S/CIS
Panel Session: Promoting Connection and Cooperation"
IEEE Slovenia GRSS
IEEE Serbia and Montenegro MTT-S
IEEE Slovenia CIS
11TH INTERNATIONAL CONFERENCE ON ELECTRICAL, ELECTRONIC AND COMPUTING ENGINEERING
3-6 June 2024, Niš, Serbia
CHINA’S GEO-ECONOMIC OUTREACH IN CENTRAL ASIAN COUNTRIES AND FUTURE PROSPECTjpsjournal1
The rivalry between prominent international actors for dominance over Central Asia's hydrocarbon
reserves and the ancient silk trade route, along with China's diplomatic endeavours in the area, has been
referred to as the "New Great Game." This research centres on the power struggle, considering
geopolitical, geostrategic, and geoeconomic variables. Topics including trade, political hegemony, oil
politics, and conventional and nontraditional security are all explored and explained by the researcher.
Using Mackinder's Heartland, Spykman Rimland, and Hegemonic Stability theories, examines China's role
in Central Asia. This study adheres to the empirical epistemological method and has taken care of
objectivity. This study analyze primary and secondary research documents critically to elaborate role of
china’s geo economic outreach in central Asian countries and its future prospect. China is thriving in trade,
pipeline politics, and winning states, according to this study, thanks to important instruments like the
Shanghai Cooperation Organisation and the Belt and Road Economic Initiative. According to this study,
China is seeing significant success in commerce, pipeline politics, and gaining influence on other
governments. This success may be attributed to the effective utilisation of key tools such as the Shanghai
Cooperation Organisation and the Belt and Road Economic Initiative.
We have compiled the most important slides from each speaker's presentation. This year’s compilation, available for free, captures the key insights and contributions shared during the DfMAy 2024 conference.
Embedded machine learning-based road conditions and driving behavior monitoringIJECEIAES
Car accident rates have increased in recent years, resulting in losses in human lives, properties, and other financial costs. An embedded machine learning-based system is developed to address this critical issue. The system can monitor road conditions, detect driving patterns, and identify aggressive driving behaviors. The system is based on neural networks trained on a comprehensive dataset of driving events, driving styles, and road conditions. The system effectively detects potential risks and helps mitigate the frequency and impact of accidents. The primary goal is to ensure the safety of drivers and vehicles. Collecting data involved gathering information on three key road events: normal street and normal drive, speed bumps, circular yellow speed bumps, and three aggressive driving actions: sudden start, sudden stop, and sudden entry. The gathered data is processed and analyzed using a machine learning system designed for limited power and memory devices. The developed system resulted in 91.9% accuracy, 93.6% precision, and 92% recall. The achieved inference time on an Arduino Nano 33 BLE Sense with a 32-bit CPU running at 64 MHz is 34 ms and requires 2.6 kB peak RAM and 139.9 kB program flash memory, making it suitable for resource-constrained embedded systems.
Advanced control scheme of doubly fed induction generator for wind turbine us...IJECEIAES
This paper describes a speed control device for generating electrical energy on an electricity network based on the doubly fed induction generator (DFIG) used for wind power conversion systems. At first, a double-fed induction generator model was constructed. A control law is formulated to govern the flow of energy between the stator of a DFIG and the energy network using three types of controllers: proportional integral (PI), sliding mode controller (SMC) and second order sliding mode controller (SOSMC). Their different results in terms of power reference tracking, reaction to unexpected speed fluctuations, sensitivity to perturbations, and resilience against machine parameter alterations are compared. MATLAB/Simulink was used to conduct the simulations for the preceding study. Multiple simulations have shown very satisfying results, and the investigations demonstrate the efficacy and power-enhancing capabilities of the suggested control system.
Introduction- e - waste – definition - sources of e-waste– hazardous substances in e-waste - effects of e-waste on environment and human health- need for e-waste management– e-waste handling rules - waste minimization techniques for managing e-waste – recycling of e-waste - disposal treatment methods of e- waste – mechanism of extraction of precious metal from leaching solution-global Scenario of E-waste – E-waste in India- case studies.
1. The critical role that the energy sector plays in the functioning of a modern
economy makes it a highly attractive target for an increasing number of
cyber-attacks. Addressing this recent phenomenon, a new report: ‘The
road to resilience: managing and financing cyber risks’, published by the
World Energy Council in collaboration with Swiss Re Corporate Solutions
and Marsh & McLennan Companies, was launched on 29 September,
ahead of the World Energy Congress in Istanbul. Team members Andrew
George, Chairman of Energy & Power at insurance brokers Marsh, and
Andrew Herring, Marsh’s Head of Energy for EMEA, share their insights
into this new threat facing energy companies, and how to deal with it.
“Although there are many industries
that are vulnerable to cyber-attack,
what we see from our research is
that there are four sectors where this
is a major threat: the health sector,
financial services, businesses who
trade exclusively online, and critical
infrastructure – such as water and
energy,” says Andrew George.
The report ‘The road to resilience:
managing and financing cyber risks’
highlights that energy companies
have seen a massive increase in the
number of successful cyber-attacks
over the past year, and cites eleven
recent case studies of cyber-attacks
on energy companies.
On 15 August 2012, Saudi Aramco,
the state-owned group that runs
all of Saudi Arabia’s oil production,
was attacked by a virus, ‘Shamoon’,
that damaged approximately 30,000
computers by malware infestation and
destroyed 85% of the hardware on the
company’s devices.
On 23 December 2015, hackers
entered the computer and supervisory
control and data acquisition (SCADA)
systems of the Ukrainian electricity
distribution company Kyivoblenergo
and disconnected seven 110 kV
and twenty-three 35 kV substations,
causing a 3-hour outage for around
80,000 customers. This attack was
the first publicly acknowledged cyber-
attack on a country’s power supply.
A recent survey of over 150 US-
based IT professionals in the energy,
utilities, and oil and gas industries that
focused on cybersecurity challenges
found that 77% of the respondents
reported a rise in successful cyber-
attacks in the last 12 months, and
68% said the rate of successful cyber-
attacks had increased by over 20% in
the last month.
“A big issue is that you don’t always
know you’ve been hacked or spied
upon,” says George. “The conviction
rate for cyber-attackers is very low: it’s
difficult to trace and very expensive”,
adds Andrew Herring.
Energy sector ‘a highly
attractive target’
The increasing interconnection and
digitisation of the energy sector,
including smart grids, smart devices
and the growing Internet of things,
and its critical role in the functioning of
a modern economy make the energy
sector a highly attractive target for cyber-
attack. Although digitisation increases
operational efficiency in the industry,
growing interconnection also raises the
complexity of cyber risk management.
Cyber-attack on energy infrastructure
has the potential to cause massive
operational failure of an energy asset.
Large centralised infrastructures are
especially at risk due to the potential
‘domino effect’ damage that an
attack on a nuclear, coal, or oil plant
could cause.
World Energy Focusmonthly insights from the Council’s global leadership community
#28 • october 2016
INSIDE THIS ISSUE
> see page 2
Exclusive preview: World
Energy Scenarios 2016 3
Commitment and ambition can limit
global warming to 2 degrees Celsius,
shows the new edition of the World
Energy Council’s flagship study, World
Energy Scenarios 2016. Executive
Chair Ged Davis talks us through the
major findings.
World Energy Congress
Preview 5
At the World Energy Congress in
Istanbul from 9-13 October, energy
leaders and policymakers from across
the world will exchange views on
today’s critical energy issues. The
theme this year: Embracing New
Frontiers. A preview.
News Focus
IEA: major shift in energy
investment underway 6
New study: technology and
policy solutions for grid
integration of renewables 7
Shale oil breakthrough
in Russia 7
Events 8
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Cyber-attacks
on the rise
Cyber-attacks in real time. Photo Bill Smith
licensed under Creative Commons
Cyber threats
are among the top
concerns for
energy leaders
2. World Energy Focus #28 • october 2016 • page 2
Describing the different categories
of cyber-attacker, Herring says: “The
most obvious motivation is criminal
activity – there’s money to be made
out of sourcing data like credit cards
and personal data. Also intellectual
property, for instance, oil companies
getting information on where to drill.”
“Hacktivists may be motivated by
demonstrating public support for
a cause or damaging a brand, and
terrorists may choose a cyber weapon
instead of a bomb,” he adds.
State-sponsored espionage, usually
to do with competition and disaffected
employees or former employees are
also potential agents of cyber-attack.
Of these, Herring says, “Criminal
activity is the most prevalent – there’s
more to be gained.”
Growing awareness
“Awareness levels are improving, as
cyber-attacks are being reported in
the media every day,” says Herring.
According to the report, cyber threats
are among the top concerns for energy
leaders, especially in countries with
high infrastructure maturity, particularly
North America and Europe. In these
regions, energy leaders are increasingly
recognising the importance of viewing
cyber-attacks as a core threat to
business continuity, and the need to
create an organisation-wide cyber
awareness culture that extends beyond
traditional IT departments.
In addition, technology vendors
can play a critical role by building
security standards into their products.
“Technology is moving faster than
legislation in this area. The software
and technology companies are very
proactive – they see this as a business
differentiator,” says Herring. “However,
it doesn’t solve all problems – the
company systems may be operating on
software that is no longer supported,
and it’s also challenging to stay ahead
of the hackers.”
The report notes that ‘measures that
require supply chain compliance or
cross-border cooperation are more
difficult to implement, and require
increased cross-sector cooperation.’
Herring describes current co-operative
efforts as “nascent”. “It’s a slow
process, and ad hoc at present, as
companies are very sensitive about
cyber security and not always willing
to share and make more information
available,” he says.
Silver lining
According to estimates from
Bloomberg, by 2018 oil and gas
companies globally could face costs of
up to US$1.87 billion in cyber security
spending. In Europe alone, consulting
and testing services associated with
cyber security at utilities are expected
to be €412 million (US$ 564 million) a
year by 2016.
“Big energy companies are spending
more on cyber security than on
insurance,” says Herring. Nevertheless,
cyber insurance is one mechanism to
help offset potential financial losses
from a cyber-attack. “Utilities are very
active in looking for insurance. Over
the last five years, this has become a
board-level issue. The first insurance
policy was taken out in 1996, insurance
premiums totalled €1 billion in 2012,
and €2 billion in 2014,” says George.
“However, this doubling in insurance
premiums understates the amount of
activity in this area, as we also address
the issue in other ways, such as
through contract wording.”
The underwriting process includes
an analysis of a company’s technical
defences, incident response plan,
procedures for patching software,
policies for limiting access to data and
systems, monitoring of the vendor
network, reporting on cyber risks and
training of internal staff.
“It’s widely regarded as a huge new
area to offer clients, and it’s just getting
bigger,” says Herring. The report
calls upon the insurance industry to
continue to develop new products to
address the potentially catastrophic
losses and the complexity of cyber
risk. Challenges include the limited
historical data related to cyber-attack
and the relative immaturity of the cyber
insurance market. Better information
from the energy industry will help
the insurance industry improve its
coverage of energy assets, according
to the report. And energy companies
also need to identify more clearly
where insurance is most needed to
fill the protection gap, and work with
underwriters to further develop cyber
insurance products.
“This is a fast moving area – from
the technology aspect to the rise in
demand. Compared to the rise in
‘terror cover’ that we saw after 9/11,
the interest in cyber cover is much
quicker, much steeper and with bigger
supply chains. We are much more
interconnected in real time now,”
says George. ●
The report is available for download on
www.worldenergy.org/publications
On the second day of the upcoming
World Energy Congress [http://
bit.ly/2d5yM9y], the session ‘Cyber
threat: are we at risk of the lights
going out’ will be led by Michael
Bell, President and CEO of Silver
Spring Networks; Steve Holliday,
former CEO National Grid; Andrew
George, Chairman of Marsh’s Energy
Practice. Building on the findings
of this report they will look at the
increasing interconnection and
digitisation of the energy sector,
ranging from smart grids, or digital oil
fields smart devices and the growing
internet of things, along with the
sector’s critical role in the functioning
of a modern economy.
cover story
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Andrew George, Chairman of Energy
& Power at insurance brokers Marsh
“Big energy
companies
are spending more
on cyber security
than on insurance.”
Energy companies
have seen
a massive increase
in the number of
successful
cyber-attacks over
the past year
3. World Energy Focus #28 • october 2016 • page 3
Meeting the 2°C target set in the Paris Agreement is possible – but
only if national governments enforce international agreements to curb
greenhouse gas emissions. That’s one of the key conclusions of the new
World Energy Scenarios 2016 report, which looks at how global trends will
shape the energy industry over the next 45 years and will be launched at
10 October at the World Energy Congress.
“If the commitment is there, the
ambitions of COP21 can be achieved,”
says Ged Davis, the Executive Chair
of the team producing the scenarios,
summing up the most important
message of the flagship publication
World Energy Scenarios 2016.
The World Energy Scenarios is
the fruit of three years’ work by
the World Energy Council and
enables policymakers and energy
leaders to evaluate key factors and
consequences, in order to better
shape tomorrow’s energy world.
The Scenarios offers three alternate
paths to the year 2060: Modern Jazz,
Unfinished Symphony and Hard Rock.
Modern Jazz is a future where enter-
prises are able to innovate and compete
in open markets, and supply low-cost
energy for all. Unfinished Symphony
foresees a world where international
agreements and national policies prevail
and determine choices, but energy
costs are high. Hard Rock anticipates
slower growth and more conservative
national policies as a result of conflict,
environmental chaos and migration crises.
Only in the Unfinished
Symphony scenario
is total energy
consumption – and
energy intensity –
reduced sufficiently
to get near the 2°C
target. Hard Rock gets
to about 4o
C. Modern
Jazz is in the middle.
“In Modern Jazz, if
you don’t have strong
carbon prices it slows
down the migration to a
low carbon economy,”
says Davis, “whereas in
Unfinished Symphony
governments enable
relatively high carbon
prices which accelerates
decarbonisation.”
However, a strongly
regulated world restricts
the ability of private
enterprise to innovate
and compete. In the
Modern Jazz scenario,
higher productivity rates lead to higher
GDP per capita and lower prices,
enabling affordable energy and water
access for more people.
In the Hard Rock scenario, economic
growth is weaker and subject to various
crises, countries retrench, slowing
progress on decarbonisation and
addressing wider issues such as jobs,
conflict management and migration
control. GDP is much lower and there
is much greater use of fossil fuels.
Intelligent economies
In the policy-led world of Unfinished
Symphony, carbon pricing helps to
dampen energy demand growth,
to reach the lowest energy use per
capita, and total primary energy supply
is just 17% higher than in 2010. The
share of fossil fuels falls to 48% and
the rich-poor gap narrows. Strong
global governance leads to the design
of intelligent and circular economies,
resulting in a resilient, integrated global
energy system.
feature
> see page 4
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About
World Energy Focus
The World Energy Focus
magazine is published monthly by
Energy Post Productions.
For more information please contact
us at info@worldenergyfocus.org
Publishers
Karel Beckman and Matthew James
publisher@worldenergyfocus.org
Editor
Karel Beckman
editor@worldenergyfocus.org
World Energy Council
Kristina Acker
acker@worldenergy.org
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Elske Rahill
Clare Taylor
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Exclusive preview:
World Energy Scenarios 2016
Commitment and
ambition can limit global
warming to 2° Figure 1. Carbon emissions in 2010 and 2060 (GtCO2/yr).
The greatest drop is in Unfinished Symphony – but even then
it doesn’t quite result in 2o
C.
Figure 2: GDP, energy intensity and primary energy growth
to 2060 in the three scenarios.
A street in Mumbai. Photo Nicolas Vigler
4. World Energy Focus #28 • october 2016 • page 4feature
Nuclear power grows at 2.1% p.a. to
18%. Just 200-500 million people have
no access to electricity. Electrification
of mass transit happens in the world’s
largest cities, and by 2030, most
developed countries have coal plants
retrofitted with CC(U)S technology, as
do natural gas plants after 2050.
Table 1:
How energy fares in the different futures:
Smartly connected
In enterprise-led Modern Jazz, the
rich-poor gap widens but average GDP
per capita is higher than in Unfinished
Symphony, and there is the highest
energy and electricity use per capita.
Although most people have access to
water, millions are forced to migrate.
Globalisation and technology transfer
lead to more efficient industrial activity.
Natural gas and electric vehicles power
transport in heavy freight and shipping.
All buildings are smartly connected and
energy efficient. Energy systems are
distributed. Natural gas is used widely
as a chemical feedstock.
By 2030, there are over 185 million
electric and hybrid vehicles on the
roads, rising to 1.5 billion by 2060.
Gasoline use peaks in 2050 and
diesel in 2040. But a decline in coal
consumption in North America, Europe
and China is offset by growth in India
and Pacific Asia.
Natural gas does pretty well in
both Modern Jazz and Unfinished
Symphony, although it starts to decline
a decade earlier without a free market.
Coal fades out even earlier. In the
more dystopian Hard Rock future, coal
remains king up to 2060 as more and
more coal-fired power stations are built
to fuel growth.
Paradigm shifts
The biggest challenge in all the
scenarios is the potential economic
slowdown. Davis says “If we look
back 45 years we’ve had exceptional
economic growth of 3.5% per year,
pretty much evenly split between
productivity and labour force. In the
next 45 years, labour force growth will
reduce to 0.7% or less. The slowdown
in productivity means a re-emphasis
on where growth is, and it will be
challenging to address this.”
The changing nature of work and
technology will have a big effect. Davis
says: “The problem we have is that the
more productive a nation is the less
jobs needed, so there is a big need to
continually retrain the workforce into
new areas. The challenge in Hard Rock
is about addressing this productivity
paradox in a world in which the
political and economic centre of gravity
is shifting.”
Other major changes include a shift
in the world’s economic centre of
gravity to Asia, wider environmental
concerns, population growth and
climate change. In Modern Jazz
and Unfinished Symphony radical
improvements in energy efficiency and
a shift towards a less energy-intensive
economy play a big role. In addition,
the new generation of “millennials”
may care more about wider social,
environmental and political issues than
the “baby boomer” generation. “These
new values, if they persist, will reshape
the nature of how we address large-
scale economic and post-industrial
development,” says Davis. ●
The full Scenarios report will be
available for download on
www.worldenergy.org/publications
after the launch on 10 October.
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By 2030, there are
over 185 million
electric and hybrid
vehicles on the roads,
rising to 1.5 billion
by 2060.
Figure 3: The energy mix in 2060 under
different scenarios.
5. World Energy Focus #28 • october 2016 • page 5
The 23rd World Energy Congress will take place on 9–13 October 2016 in
Istanbul, Turkey. Under the theme ‘Embracing New Frontiers,’ the event
will bring together a plenitude of influential energy players with a view to
defining, engaging and negotiating today’s critical issues.
Organised by the World Energy Council,
the triennial World Energy Congress
is the largest energy gathering in the
world, and an enormously influential
event for the energy agenda. As a
non-governmental global organisation,
the Council is ideally placed to host
important energy debates from a variety
of perspectives. Government ministers
from almost 50 countries are among the
257 influential senior leaders confirmed
to speak at the event.
Research reports and academic papers
are the lifeblood of the Congress, giving
a global audience to the world’s best
thinkers and innovators. Culminating
three years’ work by the Council, the
Congress is an opportunity to present
the findings of their new ‘World Energy
Scenario 2016’ report, as well as award-
winning papers such as Shruti Shengal’s
‘Innovative Pricing Models for Sustained
Growth of the Solar Power Sector.’
The issues facing the energy sector
are all deeply interconnected, but
untangling them is part of the work of
mapping the new energy terrain. The
Congress comprises four days of panel
discussions, papers and addresses.
Each day will explore a broad theme,
unpacking a ‘new frontier.’
Day One – ‘Vision and
Scenarios for the Future’
There is a huge shift on the horizon
for the global energy sector. The
future demands the decarbonisation
of the energy supply mix, increase in
energy access and affordability, and an
extreme boost in energy efficiency. ‘It
is important to better understand what
the future may look like, and to explore
possible future energy landscapes,’
says outgoing Council chair, Marie
Jose Nadeau. The overarching goal of
Day One, is to facilitate discussions on
the complex and controversial future
of energy, with a view to identifying
solutions to the challenges ahead.
The opening session, ‘Scenarios 2060:
The grand transition’ will be led by
Isabelle Kocher of ENGIE France, Guler
Sabanci of Sabanci Holding Turkey,
Steve Bolze, of GE Power United States
and Fatih Birol of the International Energy
Agency, as well as WEC President and
CEO, Gerald Davis. The discussion will
address the findings of the report, ‘World
Energy Scenarios for 2060,’ which
reveals that the future of CO2
reduction
relies heavily on civil values.
Rather than outlining how to achieve
policy goals, the report presents three
scenarios, allowing policy makers
and energy leaders to evaluate the
key factors and their consequences.
The alternate pathways are presented
under musical analogies: ‘Modern Jazz’
is a future of open markets, innovation
and low-cost energy; ‘Unfinished
Symphony’ is a policy-led world of
strong enforcements, high cost energy
and international cooperation; and the
dystopian ‘Hard Rock’ is a scenario of
increasing conservatism resulting from
conflict and natural crisis.
The centre of the global energy system
is shifting from mature markets in Europe
and North America, to fast growing
markets in Asia. Nadeau professes
that ‘The response of governments to
these challenges is the biggest single
uncertainty facing us.’ These emerging
markets will be addressed on in
relation to 2060 in discussions such as
‘China’s energy outlook to 2060,’ led by
sustainability experts Kang Yanbing and
Jianyu Zhang.
Day Two: ‘Identifying
Business Opportunities:
Resources and
Technologies’
‘One of the goals of the World
Energy Council is to nurture the next
generation of energy leaders,’ says
Younghoon David Kim, incoming chair
of the Council, ‘This means that we
need to inspire younger generations
with passion for, and devotion to,
innovation in the energy sector.’
While the transformation of the energy
sector is essential for the survival of our
planet; the successful adaptation of the
business sector is critical for the global
economy. With new developments
challenging existing business models,
investors today are struggling to
understand the future of energy. ‘There
is no such thing a business as usual,’
says World Energy Council Secretary
General, Christoph Frei; ‘The message
is: innovate or die.’
Opening with the discussion,
‘Innovative business models: The
new frontier,’ Day Two will identify
business opportunities in the changing
energy world, addressing issues like
resource management and developing
technology. Saltuk Düzyol, CEO
of TANAP, Turkey will discuss the
implications of the Southern Gas
Corridor for the energy map in ‘Central
Asia: Bringing Caspian Basin gas to
world markets.’ The day will close with
‘The commodity price storm: Signal
of a new normal?’ which will enable
delegates some insight into how the
volatility of oil and gas prices interact
with carbon budgets. The two-panel
discussion will be moderated by
Stephen Sedgwick of CNBC.
Day Three: ‘Policy Solutions
to Secure Prosperity:
Embracing the Trilemma’
On Day Three, the Congress will move
to the policy implications of the energy
transition, with sessions designed to
address possible institutional changes
and explore real solutions to address
the sometimes conflicting priorities of
global energy goals.
The World Energy Council has long
discussed the concept of the ‘Energy
Trilemma’ – the struggle to deal with
the triple goals of energy security,
affordable energy
preview WORLD ENERGY CONGRESS
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‘Innovate or Die’
the energy transition
is here
> see page 6
6. World Energy Focus #28 • october 2016 • page 6preview news focus
and lower carbon emissions. Today,
the global energy sector faces another
trilemma, what the UN calls the ‘water,
energy and food nexus’ – the interplay of
energy supply with water and food security.
In ‘Energy-water-food-nexus,’ a panel
including Undersecretary for the United
Arab Emirates Ministry of Energy, Matar
Al Neyadi, World Health Organisation’s
Maria Neira, and business innovators from
across the globe, will explore potentials for
reconciling these priorities.
Recently incorporated into the UN
Sustainable Development Goals, affordability
of energy is a key issue for world
development and energy sustainability.
Regional leaders such as National Energy
Director of Uruguay, Olga Otegui, will
discuss the issue of balancing affordability
with access.
Day Four: Africa
Africa is a chief example of how the
intersection of energy with poverty and
the climate change debate can impact on
developing regions. It is also the world’s
largest investment and development
opportunity. With an impressive gathering
of African leaders, Day Four will present a
series of sessions dedicated to exploring
the energy future of Africa. In the opening
session, ‘Empowering Africa: Realising the
potential’ a diverse group of stakeholders
including Commissioner Elham Mahmood
Ahmed Ibrahim, and Econet founder
Strive Masiyiwa, will discuss methods
for harnessing Africa’s renewable energy
potential, and increasing access to reliable,
clean and affordable energy.
In the panel discussion, ‘Disruptive business
models: Reshaping rural opportunities’
delegates will learn about the fascinating rise
of innovative and disruptive business models
for off-grid power in Africa; a phenomenon that
is now challenging the conventional wisdom of
energy infrastructure. development.
One future
‘I believe that the Council can play a vital role
in forging connections between innovators
and investors in the energy sector,’ says
Kim, ‘and stimulate ingenious collaborations
between the food, energy and water sectors.’
The energy sector faces a challenging
future; but environmental and economic
sustainability is a critical global goal uniting
all energy players. The 23rd World
Energy Congress offers some insight into
ways that the transition can be shaped
for a prosperous, sustainable and
fairer tomorrow. ●
For more information on the
Congress programme and to register
see http://bit.ly/2d5yM9y
Major shift in energy investment underway
“A major shift in investment towards low-carbon sources of power generation is underway”,
according to a first-ever detailed analysis of investment across the global energy system from
the International Energy Agency (IEA).
Global energy investment declined last year by 8% (in
real terms) to $1.8 trillion, mainly due to “a sharp fall in
upstream oil and gas investment”, reports the IEA in its
World Energy Investment 2016 report. China “retook”
the number one position from the US as top investor:
whereas US investment in oil and gas production fell
sharply, Chinese investment in the electricity sector
rose to a “record level”.
China increased its investment both in renewable
energy and in nuclear power.
World Energy Investment shows that renewables
“are expanding rapidly but asymmetrically”. Whereas
“wind, solar and hydropower are reshaping the
electricity system, the investment in biofuels and
renewable heat remains minor”. Investment in
electricity storage is growing, but at $10 billion in
2015, “remains nowhere near big enough to allay
fears of a shortfall in dispatchable capacity.”
Investments in gas-fired power plants are down. In
non-OECD countries, “investment in conventional
generation generally remains strong, dominated by
state-owned utilities and independent power producers
contracting with them. The growth in coal-fired
capacity remained strong in developing Asia, with over
75 GW starting operation in 2015 – as much as all
renewable capacity additions in the region combined.”
This means that although a transition to low-carbon
energy is underway, it is not taking place fast
enough to limit global warming to 2 degrees Celsius,
according to the report.
Interestingly the IEA notes that
“around 95% of power generation
investments rely on vertical
integration, long-term contracts or
price regulation to manage risks.
The role of wholesale price signals
in driving investment in power
generation is declining. Utility-
scale renewables benefiting from
long-term fixed-price contracts
or regulated pricing is the largest
and fastest-growing component
of power generation investment
worldwide, representing over half of
the total.” ●
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WORLD ENERGY COUNCIL
WORLD ENERGY FOCUS ANNUAL 2016 1
EXCLUSIVE INTERVIEWS
Francesco Starace, CEO Enel
Fatih Birol, Director IEA
Paddy Padmanathan, CEO Acwa Power
Jean-Bernard Lévy, CEO EDF
Adnan Amin, Director IRENA
Hwan-Eik Cho, CEO KEPCO
FEATURES
World Energy Scenarios
The real story behind Nord Stream 2
Electricity beyond the grid
Fennovoima: the collective effort behind
Finland’s new nuclear power plant
Atlantic Council: the grim implications
of failing to deal with climate change
ANALYSIS
LNG market by Seung Hoon Lee,
CEO Korea Gas Corporation
What happens when demand
for oil peaks
byJeroen van der Veer
and Amy Myers Jaffe
EXCLUSIVE INTERVIEWS
Francesco Starace, CEO Enel
Fatih Birol, Director IEA
Paddy Padmanathan, CEO Acwa Power
Jean-Bernard Lévy, CEO EDF
Adnan Amin, Director IRENA
Hwan-Eik Cho, CEO KEPCO
FEATURES
World Energy Scenarios
The real story behind Nord Stream 2
Electricity beyond the grid
Fennovoima: the collective effort behind
Finland’s new nuclear power plant
Atlantic Council: the grim implications
of failing to deal with climate change
ANALYSIS
LNG market by Seung Hoon Lee,
CEO Korea Gas Corporation
What happens when demand
for oil peaks
byJeroen van der Veer
and Amy Myers Jaffe
WORLDENERGYFOCUS
Insights from and for the Council’s global leadership community Annual 2016
EMBRACING
NEW FRONTIERS
The only official Council publication marking the 23rd
World Energy Congress - Istanbul, October 9-13, 2016
Energy supply investment in 2015, selected markets. USD billion
Boosted by record power sector spending, China regains its
position as top investment market,
while the US declines due to sharply lower oil and gas investment
Don’t miss the annual
World Energy Focus
magazine 2016! It
will be launched at
the World Energy
Congress in Istanbul
9-13 October 2016
and published for free
on the World Energy
Focus website www.
worldenergyfocus.org
7. World Energy Focus #28 • october 2016 • page 7
Technology and policy solutions
for grid integration of renewables
In the light of the growing importance of renewables, policymakers and
industry must address emerging issues to ensure continued growth and
successful integration in electricity systems. A new report published by
the World Energy Council in partnership with CESI SpA in the run up to the
World Energy Congress, identifies critical success factors and practical
solutions for integrating varialbe renewable energy sources.
In 2015 a record US$286 billion was
invested in 154 GW of new renewables
capacity, of which 76% was in wind
and photovoltaics. Increased capacity
of conventional generation was 97
GW. Yet the combined contribution
of variable renewables to the global
electricity supply is currently only
4%, according to a new report by the
Council launched on 20 September.
The report ‘Variable Renewables
Integration in Electricity Systems 2016
- How to get it right’, draws upon
32 country case studies, representing
about 90% of installed wind and solar
capacity worldwide.
One of the authors of the report,
Alessandro Clerici, Chair of the
Renewable Energy Systems Integration
(RESI) knowledge network of the
Council, says: “Appropriate policies,
including regulation and market
design play a fundamental role in both
development of variable renewables
and their efficient integration in
electricity systems. Policy solutions
are complementary to effective and
affordable technology solutions.”
Policy and market design recommen-
dations include market rules to ensure
a more sustainable energy system in
line with the objectives of the Trilemma,
including clearly defined CO2
emissions
regulations. The report also highlights
that capacity markets can help ensure
security of supply, as energy-only
based markets are often insufficient
to guarantee supply in systems with a
large share of variable renewables.
“At the EU level, legislation for capacity
markets is currently under discussion.
However, it is difficult to find agreement
between the different proposals from
different countries, types of plants,
caps, and floor prices, as what works
in any particular country depends both
on its individual circumstances and
the quality of execution of policies,”
comments Clerici.
In the UK, capacity market auctions in
£/MW started in 2014 for capacities
of 49 GW for winter 2018/2019. A
second auction took place in 2015,
and a third auction is planned for
2017 for 53.8 GW of capacity with an
innovative demand side auction for
300 MW. In Italy and Poland legislative
proposals for capacity market design
are under discussion.
Technology recommendations include:
improving weather forecasts, advanced
operating procedures to optimise
reserve capacity, further development
of demand response, energy storage
technologies and an expansion of the
transmission and distribution grids,
together with an optimum operational
cooperation between Transmission
System Operators (TSOs) and
Distribution System Operators (DSOs).
On this last recommendation, Clerici
says, “The movement towards
market unbundling of TSOs and DSOs
was intended to lower costs, but in
reality has created barriers between
operators who are trying to maximise
their own business interests, rather than
optimising the behaviour of
the system.” Matteo Codazzi, CEO of
CESI, adds, “The success of both the
development of intermittent renewables
and their efficient integration in electricity
systems depends on an effective market
design and regulatory framework and
concrete regional planning to avoid
bottlenecks. To really address the goals
set out in the COP21 it is necessary
to promote greater international
cooperation between policy makers,
regulators and operators.” ●
The report is available for download on
www.worldenergy.org/publications
news focus
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Solar Thermal Power Plant, Abu road, India.
Photo Brahma Kumaris
Shale oil breakthrough in Russia
Gazprom Neft, a subsidiary of Russian
state-owned company Gazprom,
announced this week that it has
managed to produce shale oil success
fully for the first time in Russia.
A company statement said: “The drilling
of 1,000-metre horizontal wells and the
performance of multi-stage hydraulic
fracking under current foreign economic
restrictions is a unique breakthrough
not only for the company, but for the
whole of Russia’s oil and gas industry.”
“The success of the operation can be
regarded as a huge step forward in the
exploration of shale oil,” said Gazprom
Neft’s first deputy director-general,
Vadim Yakovlev.
It is believed that the Bazhenov
formation, where the well was drilled,
contains one of the world’s biggest
reserves of tight oil. Wood Mackenzie
has estimated that it could hold 2 trillion
barrels of oil, though only a fraction of
this would be recoverable. In 2012, the
Russian government agency Rosnedra
estimated that Bazhenov contained
180-360 billion barrels of recoverable
reserves. The US Energy Information
Administration (EIA) said in June 2013
that the Bazhenov’s risked, technically
recoverable shale oil reserves totalled
74.6 billion barrels. It also estimated
that the Bazhenov held 1.92 quadrillion
cubic feet (54.4 tcm) of risked shale gas
in place, with 285 tcf (8.1 tcm) of this
technically recoverable. ●
8. World Energy Focus #28 • october 2016 • page 8events
About the COUNCIL
The World Energy Council has been at the
forefront of the energy debate for nearly a
century, guiding thinking and driving action
around the world to achieve sustainable and
affordable energy for all. It is the UN-accredited
energy body and principal impartial network,
representing more than 3,000 organisations –
public and private – in almost 100 countries.
Independent and inclusive, the Council’s work
covers all nations and the complete energy
spectrum – from fossil fuels to renewable
energy sources.
Join our network
Join the debate and help influence the energy
agenda to promote affordable, stable and
environmentally sensitive energy for all.
As the world’s most influential energy network,
the World Energy Council offers you and your
organisation the opportunity to participate in
the global energy leaders’ dialogue.
Find out how you can:
• join a Member Committee;
• become a Project Partner, Patron or
Global Partner;
• take part in annual industry surveys, study
groups and knowledge networks;
by visiting our website and contacting our team
on: http://www.worldenergy.org/wec-network
Contact us
World Energy Council
62–64 Cornhill,
London EC3V 3NH
United Kingdom
Tel: +44 20 7734 5996
Fax: +44 20 7734 5926
www.worldenergy.org
@WECouncil
2016 Executive Assembly
Istanbul, Turkey
7-9 October 2016
The World Energy Council’s annual
meeting, welcoming the Council’s
community and representatives from
global energy sector, will discuss
sustainable energy systems on
national, regional and global levels.
The Executive Assembly will also host
the World Energy Council’s major
governance meetings, culminating in
the full Executive Assembly Plenary on
Sunday, 9 October, where the Council’s
members will agree on the strategic
direction of the organisation. On the
same night the Opening Ceremony
for the World Energy Congress takes
place, where the Council’s Member
Committees will be joined by many
thousands of delegates under the
theme of “Embracing New Frontiers”.
–––––––––––––––––– Member Committee Events –––––––––––––––––
2030: Which mobility, which
fuels, which network?
Verona Fiere, Italy
11 October 2016
What are the most innovative and
promising technological solutions
in development that could create a
technological leap in new engines and
in the usage of new fuels? Will the
current increasing trend of vehicles
with engines that use alternative fuels
(LPG, natural gas, electric / hybrid) be
confirmed also in the Italian market?
What factors will drive the demand for
transport fuels and in which direction?
The meeting will offer interesting
insights to individuals working in the
sector on the future development of
mobility and its potential impact on the
Italian demand for fuel.
Contact: Paolo D’Ermo
E-mail: info@wec-italia.org
Website: http://wec-italia.org/
Challenges of the Ecuadorian
Electricity Sector
26 - 28 Oct 2016
Quito, Ecuador
One of the main objectives of the ‘31st
National Seminar of the Ecuadorian
Electricity Sector’ is for energy experts
to share experiences to facilitate
policies that will assist the development
of a sustainable energy policy for
Ecuador. A key topic is the Trilemma
challenges and how to address the
economic, social and political issues
facing the country. Also, World Energy
Scenarios will be discussed. World
Energy Council Ecuador organises
the meeting in association with the
Ecuadorian Committee of the Regional
Energy Integration Commission,
ECUACIER.
Contact: Hernan Verdugo
E-mail: hverducoc@gmail.com
Website: www.wececuador.org
Clean Energy Week 2016
Harare, Zimbabwe
2-5 November
World Energy Council Zimbabwe hosts
the third edition of Zimbabwe’s biggest
event for the renewable energy and
energy efficiency industry this year
under the theme ‘Accelerating energy
access – the power of partnerships’.
Contact: Panganayi Sithole
E-mail: weczimbabwe@
zimenergycouncil.co.zw
Website:
www.zimenergycouncil.co.zw
With only a few days to go until the 2016
World Energy Congress kicks off, Khalid
Al-Falih, Saudi Arabia’s Minister of
Energy, Industry and Mineral Resources,
and Amin Nasser, CEO of Saudi Aramco
have been confirmed as speakers. Al-
Falih joins the industry’s elite at the
Congress, including BP’s Bob Dudley,
Gazprom’s Alexey Miller and EDF’s
Jean-Bernard Lévy. Together these and
many more energy big-hitters will seek
solutions to the biggest energy issues
facing the planet.
Other speakers include representatives
from intergovernmental and international
organizations, including the EU, the
IEA and the WWF, as well as ministers
from Iran, Iraq, UAE, Jordan, Germany,
Switzerland, Algeria, Nigeria and Uruguay,
among others. In total 257 speakers from
80 countries and 54 government ministers
have confirmed to feature at the event.
The registration deadline for the Congress
is looming – online registration closes
on September 30th. You can register by
following this link: http://bit.ly/2d5xzgU
For more information on the Congress
http://www.wec2016istanbul.org.tr
Follow the Congress on
Twitter: https://twitter.com/WECongress
2016 World Energy Congress
Istanbul, Turkey, 9–13 October 2016
In a few days the movers and shakers of the energy world will map out the
energy future at this largest energy gathering worldwide – be part of it!
in this issue | sign up | JOIN the world energy council | visit the website
See more COUNCIL events AT
www.worldenergy.org/events/future