Short description – The session will discuss the political, economic, and financial conditions required to develop a Euro-Mediterranean green deal to advance energy transition and achieve climate change mitigation goals in accordance with the Paris Agreement. In particular, the session will focus on how to develop and integrate national energy markets into a regional low-carbon market spanning from Scandinavia to the Sub-Saharan Africa. The sessions will discuss the conditions for a sound enabling environment and how to overcome geopolitical, regulatory, and financial barriers that would hinder a rapid low-carbon transition.
Background – The rapid and economically efficient deployment of low carbon technologies require the integration of national energy systems into regional and continental systems. To fully exploit RES technologies as well as newer technologies such as batteries and hydrogen, a rapid decline in costs is needed, without compromising energy system security and reliability. The integration of national energy markets into regional markets allows for the rapid attainment of economies of scale while enhancing system resiliency and stability. Moreover, it allows to optimize investments by reducing duplications. A key precondition for the development of physical infrastructures is the creation of an effective enabling environment: a stable geopolitical framework, clear technical and economic regulations (from grid and pipeline management issues to international PPAs; from guarantees of origin for low-carbon power to the harmonization of wheeling and transportation charges) and easy access to finance, both from the Public and Private sector.
Event objectives
The event will propose:
· the creation of a research and policy platform aimed at creating a Euro-Mediterranean energy model able to integrate technical, economic, financial, and regulatory aspects and to produce clear policy recommendations and elaborate ad hoc analyses.
· the creation of a network of stakeholders and policymakers that will advance the integration of a Euro-Med energy system as a first step of a comprehensive Euro-Mediterranean green deal.
Welcome and introduction:
Grammenos Mastrojeni – Senior Deputy Secretary General Union for the Mediterranean
Monica Spada – Chair OMC Med Energy Conference 2023
Presentation of FEEM-OME Joint Study
Houda Ben Jannet – Director General OME
Federico Pontoni – FEEM Program Director -Technologies for Energy Transition
Discussion
Tarek El Molla – Minister of Petroleum and Mineral Resources Egypt
Kamel Benaceur – CEO Nomadia Energy
Moderator: Houda Ben Jannet
Conclusions:
Monica Spada Chair OMC Med Energy Conference 2023
