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P EN F RO ER OR DU GY T CE SE HE D CT OR
11 - 13 JUNE 2008 | MILLENNIUM GLOUCESTER HOTEL | LONDON A two day strategic summit and pre-summit workshops designed specifically for the international energy sector. Industry and international policy-makers unite to examine the commercial opportunities, challenges and risks posed by the global transition to a low carbon economy.
SUMMIT KEY FEATURES
CONFIRMED SPEAKERS
A strategic overview of the latest business and investment opportunities for oil, gas and power companies in the emerging carbon economy
• Marianne Moscoso-Osterkorn, International Director, RENEWABLE ENERGY AND ENERGY EFFICIENCY PARTNERSHIP
• Enhance engagement and collaboration among NOCs, IOCs and global policy makers • Raise regional and industry awareness on reducing GHGs
• Dr. Fatih Birol, Chief Economist and Head of the Economic Analysis Division, INTERNATIONAL ENERGY AGENCY • Dr Hassan M Qabazard, Director of Research Division, OPEC
• Pierce Reimer, Director General, WORLD PETROLEUM COUNCIL
• Leverage the business opportunities created by global actions to reduce CO2 emissions
• Margaret Mogford, Head, Climate Change Policy, BG GROUP
• Reduce exposure to future portfolio and regulatory risk
• Dimitri Zenghelis, Co-author, Stern Review, Office of Climate Change, UK GOVERNMENT
• Avoid harsh penalties for failure to comply with new legislation and regulations governing CO2 emissions • Transform your carbon emissions liabilities into financial assets Attend this strategic three day summit to find out what your competitors are doing, meet the key players and network, network, network!
(TBC)
• Jill Duggan, Head of International Emissions Trading, DEFRA • Gardiner Hill, Alternative Energy, Director, CCS Technology, BP • Nick Otter, Director of Technology and External Affairs, ALSTOM POWER • Hans-Wilhelm Schiffer, Senior Manager, Energy Economics, RWE POWER AG
“Can you risk not developing and implementing a carbon strategy?” For more information, please contact David Telfer on +44 20 7978 0036 or email dtelfer@thecwcgroup.com SPONSORED BY:
SUPPORTED BY:
PRODUCED BY:
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© Lars Sundström
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Investors are the other driver. They have discovered they can make money from food commodities as easily as they can in oil, gold or nickel.
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Drought impacts on the most fundamental determinants of health such as food and water
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We must make agriculture a priority.
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sustainable Development Cover story
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Dr. Sutan Ahmed Al Jaber, D. Jorge Sendagorta and Sultan Al Qortasi
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© Brian J. Skerry/National Geographic Image Collection
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Climate Change
Disappearing Glaciers of Africa he sparkling glaciers high up in the Rwenzori Mountains – and their crystal-clean mountain streams Ttaken – may be no more, according to WWF, the global conservation organisation. Climate change has its toll on some of Africa’s highest peaks; the mountains’ glaciers are on their knees A 27-person team comprising of eight nationalities has returned from the Rwenzori Mountains with some startling observations. “I have never seen the glaciers shrink to this level in my 25 years of climbing the Rwenzori Mountains,” exclaimed one porter accompanying the team. WWF, together with the Congolese Institute for Nature Conservation (ICCN) and the Uganda Wildlife Authority (UWA) had organised an ambitious 10-day expedition from DRC to Uganda that criss-crossed the massif and reached the Margharita peak at 5,119m above sea level. The team was able to take pictures of the glaciers exactly as they were taken in 1952 and 1956. The data gathered show that the mountains’ glaciers have shrunk by more than 50 per cent in the last 50 years. From 650ha in 1906, the glaciers shrunk to 352ha in 1955 and 148ha in 2008. At this rate, WWF estimates that the glaciers will completely disappear in the next 30 years. The highest peaks of these mountains are permanently snow-capped, and they, along with Mount Kilimanjaro and Mount Kenya are the only such ones in Africa. The Rwenzori Mountains are shared by Uganda and the Democratic Republic of Congo (DRC) and are the third highest mountains on the continent. “The impact of melting of glaciers was felt by the team when it discovered that the route leading from DRC to Uganda used a glacier that no longer exists, forcing the
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team to open a new route” says Marc Languy, head of WWF’s Programme in the Great Lakes region. “However, the impact is more severe on wildlife and the vegetation that cannot adapt to the new condition fast enough. While it was comforting to find many signs of leopards, chimpanzees and other wildlife, one wonders how they will survive if changes continue at the present rate”. During this expedition, WWF, the Congolese Institute for Nature Conservation and the Uganda Wildlife Authority embarked on important conservation work in the Virunga and the Rwenzori Mountains National Parks in eastern Democratic Republic of Congo and western Uganda. WWF is very keen to have the Ugandan part of Ruwenzori designated as a Ramsar site as the mountains glaciers and the high altitude lakes, bogs and rivers are a critical source of freshwater. “The rivers and wetlands that I saw in this amazing ecosystem were just phenomenal. But the simple fact remains – they are threatened,” says Dr. Musonda Mumba, WWF’s Freshwater Programme Coordinator for eastern Africa. “Their ability to provide water for both nature and man is really jeopardised by the changes that are taking place. Speaking to local people it is already clear that the rainfall pattern has changed and this is having an effect on water resources,” adds Dr. Mumba.
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Green it like London ajor cities in the Middle East could learn a lesson or two from the city of London, on how to reduce M carbon emissions to win the battle against global warming. Other major cities like New York and Manchester are keen to follow the London model by slapping a big tax on gas guzzlers and luxury cars they should focus their attention on cutting CO2 emissions from the cars they produce, rather than pursuing this pointless legal action which we will vigorously contest when it reaches judicial review.” He added, “We have already seen several motor manufacturers rise to the challenge of cutting CO2 emissions from their cars and Porsche should join them. The principal aim of the scheme remains tackling congestion. The aim of the CO2 Charge element and discount of the scheme is to cut CO2 emissions, through influencing people’s car purchasing choices by stimulating the market for low emissions cars and reducing the number of very high CO2 emitting cars driving in central London. At the moment, 17 per cent of cars driving in the charge zone are in Band G, while just 2 per cent are in Bands A and B. We expect to see the number of Band G cars cut significantly over time.” In a continued effort to improve its green credentials, the mayor of London, Ken Livingstone, has proposed to increase the congestion charge from GBP8 to GBP25 a day. From October this year, vehicles emitting the highest amounts of CO2 will have to pay more, while the most fuel efficient cars will get into central London free of charge. In the meanwhile, sports car manufacturer Porsche and other claimants, including London businesses and residents, formally launched a High Court challenge to Livingstone’s plan Even though, some of the sceptics would try to see this move as Livingstone’s political ploy to up his re-election hopes, it remains a fact that a public consultation was launched in August 2007 to consider proposals to increase the congestion charge on cars with the highest levels of carbon emissions. The so-called ‘Chelsea tractors’, some high-powered sports cars and expensive luxury vehicles face the higher charge and also lose their entitlement to the residents’ discount if applicable. According to the World Resources Institute, road transport spews out around 10 per cent of global emissions. Providing incentives to move to more fuel-efficient models is definitely going to cut the exhaust fumes. Livingstone can take credit for making the carrots and sticks policy on automobiles - a big success.
Reacting to the judicial review sought by Porsche, Transport for London (TfL) believes the objections are unfounded. In a press release, TfL explains: The CO2 Charge is about reducing CO2 emissions from cars driving in central London, whilst reducing congestion. It is quite clear motorists have the choice not to drive a high CO2 emitting car in central London, given the wide range of lower emitting cars available. Along with the higher GBP25 Charge for the cars emitting the most CO2, there will be a 100 per cent discount for the least emitting. A recent IPSOS-MORI survey revealed that 61 per cent of Londoners support the proposed GBP25 CO2 Charge for gas guzzlers driving within the congestion charge zone, with just 29 per cent opposed. It also showed that 67 per cent of Londoners support the 100 per cent discount for those vehicles that emit the lowest levels of carbon dioxide, with only 21 per cent opposed. Six-five per cent of Londoners thought that the package of measures is good for London, while 19 per cent disagree. Michèle Dix, managing director of planning, TfL, said, “We have already made clear that we believe Porsche’s reasons for objecting to the proposed CO2 Charge are unfounded. We believe
Transport for London believes that the scheme is legal and that TfL has the authority to introduce the CO2 Charge. Their contention is that the scheme will not breach European Law - the scheme affects UK and non-UK vehicles alike. And, the scheme does not infringe on the European Convention on Human Rights as claimed by Porsche. With 17 per cent of cars currently in the charge zone in Band G and just 2 per cent in Bands A and B the scheme will have a broadly neutral impact on congestion in the short term. However, TfL will monitor the scheme closely to ensure that the benefits of reduced congestion are maintained The residents discount will be removed for Band G vehicles as there is no need to drive one of these cars in central London whether you are a resident or not. The use of Band G as a cut off point for the higher charge is reasonable as these are the highest CO2 emitting cars. The aim of the CO2 Charge element and discount of the scheme is to cut CO2 emissions, through influencing people’s car purchasing choices by stimulating the market for low emissions cars and reducing the number of very high CO2 emitting cars driving in central London.
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The BMW Concept X6 ActiveHybrid
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