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Electricity Security Advisory Panel meeting discusses transition to a low-carbon electricity system
(International Energy Agency, 24 Jun 2016) Experts and policy makers discuss the challenge of designing post-Paris Agreement electricity markets.
The third plenary meeting of the IEA Electricity Security Advisory Panel (ESAP) was held on 23 June 2016 in Paris, bringing together sectoral experts and policy makers from IEA member countries and IEA key partner countries to share experiences and discuss how to design electricity markets under ongoing decarbonisation. Discussion focused on the consequences on electricity markets of international and national-level climate and energy policies, including COP21 and the Paris Agreement.
To support the transition to low-carbon power systems, a new market design must incorporate carbon policies and renewable support into a consistent market framework. How can the design of electricity markets influence the ability to transition to a low-carbon electricity system while maintaining electricity security? What are some of the challenges to meet the scale and pace of this transformation, specifically while we are also seeing ageing capacity? Finally, what regulations are needed to extend the life of ageing low-carbon capacity, achieve climate change objectives and transition to a secure decarbonised electricity system?
International Energy Agency, 24 Jun 2016: Electricity Security Advisory Panel meeting discusses transition to a low-carbon electricity system
