Eddie O’Connor’s speech to the Friends of Europe Policy Summit in Brussels
"What are the Economic and Political Costs of Tougher Climate Change Policies?" Dr. Eddie O'Connor, Secretary EWEA and CEO Mainstream Renewable Power Friends of Europe Policy Summit Thursday 30 October 2008 Brussels Ladies and Gentlemen, This panel has been asked to consider four key questions:
- How can government revolutionise our uses of energy without putting the brakes on economic development?
- What are the consequences of soaring oil prices?
- How can major climate change policy advances avoid upsetting the global economy?
- And, more particularly, what are the economic and political consequences of tougher climate change policies?
- Getting entrepreneurs involved in the grid building programme
- Bringing much needed innovation to the sector
- Created the commercial incentive within the current service providers to emphacise the building of offshore grids.
- ending our reliance on Russian and Algerian gas;
- freeing ourselves from dependence on Gulf oil;
- insulating Europe from political instability in Russia, the Gulf States and the Middle East, North Africa and the Caucasus;
- insuring Europe against regional or global conflicts and from their impact on energy prices;
- future proofing against the unavoidable and incessant increase in the price of oil, gas and coal – which are all inter-linked;
- reductions in the domestic price of electricity as the penetration of renewables increases; and
- consequential improvements in Europe's underlying competitiveness, especially in energy intensive industries.