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| Download Entire Newsletter | Editor's Notes |
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This issue of the IAEE Newsletter includes several keynote
speeches from the Potsdam Conference as well as a
summary of the meeting by Georg Erdmann.
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Read "The Global Energy Scene" By Rt. Hon. Lord David Howell of Guildford
Page 5
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Lord David Howell, former UK Secretary of State for
Energy posits that there is no such thing as full energy security
and that the best kind of security, as far as it can be
obtained, comes from diversity and the ability to switch
between a variety of energy sources. He further notes that the
information revolution has brought a vastly greater degree
of interconnectedness to the energy field. This intensifies
the volatility of energy systems. He foresees difficult times
ahead, an energy labyrinth, though sketches an exit from it
eventually.
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Read "Energy in the State of Brandenburg: Opening
Speech at the Potsdam Conference" By Matthias Platzeck
Page 10
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Matthias Platzeck, in the opening address at the Potsdam
Conference, discusses the energy situation in the State of
Brandenburg, noting the importance of the brown coal industry
to the State and to Germany. He also notes the importance
of renewable energies.
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Read "Power to the People" By Vijay V. Vaitheeswaran
Page 17
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Vijay Vaitheeswaran argues that there are three powerful
trends going on that promise to rewrite the rules of the
energy game: the global move toward the liberalization of
energy markets, the growing popular appeal of environmentalism
and the recent surge of technological innovation in areas
such as hydrogen fuel cells. Together they could lead to
an energy system that meets the needs and desires of future
generations while also tackling serious problems like global
warming and air pollution.
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Read "Should OPEC Price Its Oil in a Basket of
Currencies Rather Than in U.S. Dollar?" By Mamdouh G. Salameh
Page 23
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Mamdouh Salameh comments that with the continued
weakening of the U.S. dollar since 200 and with OPEC’s
eleven members heavily reliant on oil revenues, OPEC members
should seriously consider restructuring their oil-pricing
policy by switching from the U.S. dollar to a basket of
currencies made up of three equally-weighted currencies,
namely the dollar, yen and euro. This will safeguard their
oil revenues, stabilize the oil prices and also provide a better
risk spread.
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Read "The Ties Betwen Natural Gas and Oil Prices" By Guy Maisonnier
Page 26
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Guy Maisonnier notes that on the European continent,
the price of natural gas is still directly linked to the oil market.
However, under deregulation, as the importance of hubs
where prices are quoted increases, there is good reason to
think that a gas price will emerge and become the reference
price for long-term contracts.
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Read "Furthering Adaptation Measures and its Synergies
with Mitigation Measures" By Phillia Restiani
Page 31
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Phillia Restiani, one of IAEE’s current student advisors,
discusses the synergies between climate change adaptation
and mitigation measures, noting that both are responses to
climate change policies.
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