“There is a lot of common ground between industry and government,” said Jon Drzik, CEO of Oliver Wyman, the international management consulting firm. “Solving the energy trilemma requires a sustainable policy that endures over time, requiring a partnership between industry and government.”
According to Maria Van der Hoeven, Executive Director of the International Energy Agency (IEA), “Energy efficiency is at the heart of any solution for Europe and for our energy trilemma.”
Experts said that integration could help tackle the energy trilemma, bringing about greater energy security and efficiency.
“If you want to change your energy mix, you have to be mindful of the consequences of the region,” Van der Hoeven said, offering the example of Germany. “You can’t do things alone.”
“There are plenty of opportunities to satisfy security needs, especially if we advance on the integration front,” said Luis Enrique Berrizbeitia, the Executive Vice Presidnet of the Development Bank of Latin America (CAF). “Integration can bring combined resources of region in an efficient manner.”
He pointed out that the region already has a clean energy matrix drawing on hydropower, with the growing participation of wind and solar, and the region is endowed with resources.
Different regions and nations will face unique challenges in the coming years that will all contribute to the global picture. “Energy access, energy security, climate change are all very important objectives. The size of this triangle is shaped in a different way from region to region and country to country,” said Riccardo Puliti, Managing Director for Energy and Natural Resources sectors at the European Bank for Reconstruction and Development.
“To find a solution, there are global targets, but there are also regional and national targets that contribute to this global target,” he said.
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