2019 GSEP CEO Summit concludes in Osaka
The Global Sustainable Electricity Partnership’s (GSEP) annual CEO Summit ended today in Osaka, Japan. This flagship event, hosted by the 2018-2019 Chair Company, Kansai Electric Power, brought together CEOs and senior executives of some of the world’s largest electricity companies. These leaders agreed that progress in achieving climate and sustainable development goals can only be made if all energy providers, policymakers, customers, technology providers and other actors collaborate to strongly accelerate efficient electrification of our societies. These actors will also need to respond together to the world’s increasing demand for cleaner, affordable and reliable energy – both on the electricity company-side and in end-use sectors such as transport, buildings and industry. This can be achieved through large-scale financing, which will require a holistic restructuring of regulatory frameworks to foster long-term investment.
Discussions at the Summit centered on the 4Ds: decarbonization, decentralization, digitalization, and deregulation and changing market design (including investment and financing). These are megatrends that are structurally transforming the electricity sector.
Several illustrious guest speakers shared their perspectives on the changing energy industry. Guest speakers included Dr. Tsutomu Toichi, Councillor of the Institute of Energy Economics of Japan, Dr. Akihiko Yokyama, Professor, Department of Electrical Engineering and Information Systems Graduate School of Engineering at the University of Tokyo, and Mr. Hiro Mizuno, Executive Managing Director and Chief Investment Officer of the Government Pension Investment Fund of Japan.
The GSEP Chairmen concluded the event by issuing the Osaka Summit Statement, outlining GSEP members’ commitment to accelerate efficient electrification and innovation along the full electricity value chain, which will deliver both economic and social benefits. The Chairmen also welcomed two new companies to the group – ONEE from Morocco and PGE from Poland – reinforcing GSEP’s position as a unique global information hub for innovative technologies, public policies, business models, and progress on electrification.
The group also publicly released its 2018-2019 Annual Report, which highlights its key achievements for the year.
Next year’s Summit will be hosted in Italy by Enel, focusing on building an electrification alliance across different value chains.