About three quarters of the estimated productivity potential comes from catching up, only one quarter from pushing the frontier.
Trilemma objectives of mitigating greenhouse gases and lowering pollution through good technologies, enhancing energy security through smart technology solutions, and delivering innovative energy solutions to rural households depend on effective technology-sharing and reduction of tariff and non-tariff trade barriers.
International trade agreements, such as the APEC agreement (Asia-Pacific Economic Cooperation), serve as leading examples at a time marked by international disputes over energy subsidies and other protectionist measures. Other regional economic and trade platforms, such as ECOWAS (Economic Community of West African States), have the ambition to achieve the same. As environmental goods represent a trade market of approximately US$1 trillion annually, a recent World Energy Council study shows that reducing barriers to trade and investment can be a powerful economic force, supporting cost effectiveness and efficient decarbonisation of the energy sector and helping countries to successfully address their energy trilemma.
In this session, organised at the 23rd World Energy Congress, panellists discussed how countries can tackle tariffs and non-tariff measures (NTMs) to accelerate the transfer of low-carbon technologies across borders; how the APEC agreement can be replicated on a regional or global level; and whether local content requirements are aligned with a trilemma agenda that depends on effective deployment of best technologies?
Ricardo Meléndez-Ortiz, Chief Executive, International Centre for Trade and Sustainable Development (ICTSD)
David Shark, Deputy Director-General, World Trade Organisation
Guillermo Bravo, Senior Vice President, Strategic Relations, Abengoa
Morlaye Bangoura, Commissioner, Energy and Mines, Economic Community of West African States (ECOWAS)
Timothy Richards, Senior Executive, Government Affairs & Policy, Middle East, North Africa & Turkey, GE (General Electric)
The session took place at 14:15-15:30 at the Istanbul Congress Center.
For more information about the 23rd World Energy Congress, please visit the conference website.