A view to 2030 and the outlook for climate and energy policy

Anders Marvik, VP Statoil EU Affairs

Current Situation

Source : European Commission, available data

EU GDP growth

Subsidy lock-in of RES electricity generation in NPS Emissions targetDevelopment of technology

Internet has 3mn users

Internet has 2bn users

First horizontal well in Barnett. Shale 1% of US NG production

US world’s largest NG producer

Shale 25% of US NG production

? ? ??

Challenge

3

Renewables target has led to unsustainable levels of subsidies

ETS does not promote investments in low-carbon technologies

Switch from gas to heavy carbon-emitter coal

What is needed

A realistic single target for CO2 emissions

The completion of the Internal Energy Market

Technology-neutral & market-driven policy