In 1850, fossil fuels - coal, oil and natural gas - accounted for only 5 percent of the world’s energy. Now they account for more than 80 percent. But will there be enough fossil fuel resources available to support a near doubling in the size of the global economy to $130 trillion by 2030?
The 22nd World Energy Congress, to be held in Daegu, Korea from October 13 to 17, 2013, will devote itself to discussing this and other critical issues under the theme of “Securing Tomorrow’s Energy Today.” Participants will include government ministers, energy CEOs and respected analysts and researchers.
The globalization of energy demand poses a number of challenges that are summed up in the concept of the “energy trilemma” by the World Energy Council, which is the sponsor of the Congress. Will there be enough energy to meet growing demand among both rich and poor nations?
How can energy supplies be protected against disruptions? And how will efforts to mitigate climate change affect access to future energy sources?
The $6 trillion energy market will also be shaped by the rise of renewables and alternative fuels as well as development of new energy technologies. The extensive exhibit space at the Congress will highlight these and other developments in the energy sector.
The more than 5,000 participants at the 2013 Congress will have an unprecedented opportunity to network with top global players, explore business opportunities, secure investment, and access new markets. No other energy sector gathering brings together such a wide range of influential figures.
WEC Daegu 2013 will represent only the second time in the event’s 90 years that it will be held in East Asia, the world’s most dynamic energy market. The Congress will take place in Daegu, Korea’s green growth capital, offering delegates the opportunity to view at first hand the country’s sustainable energy development initiatives.
I would like to invite you to participate in this important event and look forward to your attendance at WEC Daegu 2013.
Chair , WEC Daegu 2013 Organizing Committee