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The Bosphorus Energy Club

Building Tomorrow’s Europe. The Role of an “EU Energy Union”


Review of Environment Energy and Economics | 13 Nowember 2014 | by Simone Tagliapietra | Energy has been at the core of the EU integration since its inception. However, following the path of a shooting star, the key role of energy gradually declined over time, to the level of being basically left out from the Treaties, at least up to Lisbon. The EU has struggled to circumnavigate this “energy-gap” of the Treaties by legislating on energy-related issues by making use of its shared competences in the areas of internal market and environment. However, this effort has resulted in a very fragmented...

The Bosphorus Energy Club: Enerji Fonu Oluşturulması Lazım

10 November in Uncategorized | 10 Aralık 2014 The Bosphorus Energy Club (BEC)’in Perşembe günü geniş bir uluslararası katılımla gerçekleştireceği toplantı öncesinde değerlendirmelerde bulunan BEC İcra Kurulu Başkanı Mehmet Öğütçü, “Türkiye’nin önümüzdeki 10 yılda enerji alanında 120 milyar dolar yatırıma ihtiyacı var. Gerek mevcut enerji tesislerinin yenilenmesi, gerekse yeni yatırımların yapılması için yılda en az 12 milyar dolar bulması gerek. Ama Türkiye’nin buna ayıracağı kendi kaynağı yok” dedi ve ekledi: “Bu yatırımların finanse edilebilmesi için yeni finans kaynaklarına ihtiyaç var. Bizim kulüp olarak önerimiz, bir enerji fonu oluşturulması. Bu belki ileride bölgesel bir fona da dönüşebilir.” Fon 20-25 milyar dolara hızlı büyüyebilir Düzenlenecek BEC toplantısında bu...

How to finance energy efficiency


Published by International Energy Agency‌ > Newsroom & events > IEA journal > Issue 7 | 4 November 2014  | Banks lead in lending, but they often need a helping hand [caption id="attachment_2846" align="alignright" width="361"] Banks are altering loans for building retrofits, like this one in Istanbul, to include costs to better energy efficiency.[/caption] Interest in financing energy efficiency is increasing worldwide, as are investment opportunities, with a dramatic expansion in recent years in the number and variety of funding programmes as well as the diversity of investors, financiers and intermediaries. Many OECD countries in particular are trying to encourage the private sector to scale up investment in energy efficiency. Governments are accelerating...

The Outlook for Global Energy Investment


Published By: | © Friends of Europe, Summer 2014 | The outlook for Global Energy Investment Report of the high-level Policy Insight on the occasion of the official Brussels launch of the International Energy Agency's (IEA) "World Energy Investment Outlook" co-organised by Friends of Europe and the International Energy Agency (IEA) in association with OMV with media partner Europe’s World. *** This report reflects the rapporteur’s understanding of the views expressed by participants. Moreover, these views are not necessarily those of the organisations that participants represent, nor of Friends of Europe, its Board of Trustees, members or partners. Reproduction in whole or in part is permitted, provided that full credit is given...

World Energy Outlook 2011 Factsheet


How will global energy markets evolve to 2035? | © OECD/IEA, 2011 | Publihed link: |  Major events of the last year have had an impact on short- and medium-term energy trends, but have done little to quench the world’s increasing thirst for energy in the long term. The level and pattern of energy use worldwide varies markedly across the three scenarios in this year’s World Energy Outlook (WEO-2011), which differ according to assumptions about government policies on energy and climate change. The New Policies Scenario is the central scenario of WEO-2011. It assumes that recent government policy commitments are implemented in a...

Defibrillating the Vertikal? Putin and Russian Grand Strategy


Published by: Chatham House | The Royal Institute of International Affairs Date: 07 October 2014 Author: Dr Andrew Monaghan | Senior Research Fellow, Russia and Eurasia Programme The Ukraine crisis has demonstrated the effectiveness of the Russian power vertikal, but it also reflects the difficulties the leadership faces in creating that power. [caption id="attachment_2750" align="alignnone" width="582"] Russian builders repair a part of the Kremlin wall at Aleksandrovsky garden in Moscow on 25 September 2014.       Photo by Getty Images.[/caption] This paper explores the question of whether there is a Russian ‘grand strategy’, with a focus on strategy as the creation of power, and examines the link between...

Forging a new ‘EU-Turkey gas initiative’ in the aftermath of the Ukraine crisis?


Published by: Hürriyet Daily News Date: September/23/2014   MEHMET ÖĞÜTÇÜ / SIMONE TAGLIAPIETRA The ongoing game-changers in energy and geopolitics will likely force Ankara and Brussels to consider a joint strategy over how to achieve gas supply security, particularly in view of what’s happening in the Black Sea region, the Western sanctions against Russia and the re-opening of the Pandora’s Box in the Middle East. With Russia’s annexation of Crimea heightening tensions with Europe, there have been renewed calls to reduce dependence on Russian gas. However, it would be difficult for the EU to quickly achieve this goal. The total consumption of the share of...

The EU-Turkey Energy Relations After the 2014 Ukraine Crisis


  2014.075 NOTE DI LAVORO The EU-Turkey Energy Relations After the 2014 Ukraine Crisis. Enhancing The Partnership in a Rapidly Changing Environment Authors: Simone Tagliapietra Series: Energy: Resources and Markets Series Keywords: EU-Turkey Energy Relations, EU Energy Security, Southern Gas Corridor JEL n.: Q40, Q42, Q48 Abstract - Over the last two decades energy has emerged as an increasingly important component of the overall EU-Turkey relations. In particular, the Southern Gas Corridor (SGC) and its flagship project, Nabucco, soon became the pivotal element of the EU-Turkey energy relations. After years of strong cooperation, the failure of Nabucco and the emergence of TANAP have ultimately outlined a divergence in...

Fossil fuel divestment: a $5 trillion challenge

25 August in ENERGY, ENERGY ACADEMY | 25 August 2014 | Nathaniel Bullard |   Contents 1. BACKGROUND AND PURPOSE OF THIS WHITE PAPER 2. INSTRUMENTS ADDRESSING DIVESTMENT 3. FOSSIL FUELS AND INVESTOR IMPERATIVES 4. KEY INVESTORS IN OIL & GAS AND COAL 5. CLEAN ENERGY INVESTMENT OPTIONS 6. INVESTMENT IN OTHER SECTORS 7. DIVESTMENT IS A CHALLENGE AND AN OPPORTUNITY Oil & gas and coal companies form one of the world’s largest asset classes, worth nearly $5trn at current stock market values. In the past two years, dozens of public and private institutions have announced plans to divest fossil fuels from their portfolios – a movement one executive described as “one of the fastest-moving debates I think I’ve seen...

Executive Summary of the 27 June Club Meeting, Istanbul


  Summary from the Executive Chair [tabs] [tab title="In a Nutshell"] 1. The second meeting of The Bosphorus Energy Club took place at Sait Halim Pasha Palace on 27 June 2014, earlier than its usual annual meeting because of the critical recent developments in the region ranging from Russia’s annexation of Crimea and its energy-geopolitics implications in the Black Sea to how the future of oil hangs on Iraqi politics, from the narrow window of opportunity in the East Med gas to Turkey’s natural gas market liberalisation, from Iran’s anticipated re-engagement with the West to the next steps in the Southern Gas Corridor. 2. The meeting provided an opportunity to...