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World Future Energy Summit (WFES) 2012

Highlights for Thursday, 19 January 2012

Masdar
.
Christiana Figueres, Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC), during the session on Future Energy Future Strategies

The fourth and final day of World Future Energy Summit (WFES) 2011 was organized around the theme “Finance and Regulatation Forum.” Keynote speaker Plutarchos Sakellaris, European Investment Bank, identified three instruments that governments can use to attract technology investment: fixed prices, such as feed-in tariffs; market-based approaches, such as certificate cshemes; and targeted approaches. A subsequent panel on “Financing Sustainable Energy for All,” addressed financing for renewables, and the role of governments, insurance companies, and manufacturers in financing technologies. Ravi Suri, Standard Chartered Bank, called for better understanding of technology risk. Ben Warren, Ernst & Young, stressed that new sources of capital, including pension funds, need to enter the renewable energy financing fray. Richenda Van Leeuwen, UN Foundation, highlighted the potential for telecommunication companies to enter the market. Alex O’Cinneide, Director, Masdar Capital, with Jorge Ramos, Citigroup, stressed that financers need consistent renewable energy policy rather than fluctuating government attitudes and inconsistency.

During the closing ceremony, Richenda Van Leeuwen, United Nations Foundation, stressed the need to keep energy at the top of the global agenda and reminded participants of Ban Ki-moon’s Sustainable Energy For All initiative. Christiana Figueres, Executive Secretary, UNFCCC, stressed that the Durban climate change conference delivered beyond expectations, demonstrating universal political will and increased ambition in the global climate regime. Rob Bradley, Ministry of Foreign Affairs, UAE, described UAE’s historic and ongoing leadership in environmental protection and conservation. Robert Swan, Voyage for Cleaner Energy, urged delegates to inspire others, saying "the greatest threat to our planet is the belief that someone else will save it." Summit director Fiona Watson announced that plans are under way for the 2013 WFES, which will run in tandem with an International Water Summit next year, supported by the International Water Association. WFES 2011 closed at 3:15pm.


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Daily Web Coverage - 16 January | 17 January | 18 January | 19 January  

Close of World Future Energy Summit 2012


Richenda Van Leeuwen, United Nations Foundation (UNF)
Fiona Watson, Summit Director for WFES 2012

Future Energy Future Strategies


Rob Bradley, Directorate of Energy & Climate Change, UAE; Richenda Van Leeuwen, UNF; Christiana Figueres, United Nations Framework Convention on Climate Change (UNFCCC); Robert Swan, Voyage for Cleaner Energy, US

Finance Leaders in Future Energy - Insights from the Financiers


Plutarchos Sakellaris, European Investment Bank
Plutarchos Sakellaris with Nat
Bullard
, Bloomberg New Energy Finance

Panel on Finance Leaders in Future Energy

Alex O’Cinneide, Masdar
Ravi Suri, Standard Chartered Bank

Jorge Ramos, Citigroup
Ben Warren, Ernst & Young

Richenda Van Leeuwen, UNF
Jan Olaf Willums, InSpire, asks the panel a question


The Role of Venture Capital in Future Energy Financing


Roger Ammoun, Customised Fund Investment Group; Marcelo Carvalho de Andrade, Earth Capital Partners; Anup Jacob, Virgin Green Fund; and Alex O’Cinneide, Masdar Capital
Alex O’Cinneide; Nikunj Jinsi, Climate Business Group - Clean Technology Investments Group; Wayne Keast, Consensus Environment; Eswar Mani, Masdar Capital; and Michael Sears, Siemens Venture Capital

Delegate participating during the interactive session
Anup Jacob, Virgin Green Fund

Innovation in Future Energy Financial Products and Services


Panel on Innovation in Future Energy
Financial Products and Services
Dima Rifai, Paradigm Change Capital Partners

Simon Currie, Norton Rose
Margaret Stephens, Tax KPMG

Adam Bruce, Mainstream Renewable Power
Emma Matebalavu, Clifford Chance

International Regulations and Trade: Global Networks to facilitate a sustainable energy world


(L-R): Ruzgar Barisik, International Finance Corporation (IFC); Stefano Besseghini, RSE; Rakesh Radhakrishnan, Navigant; Jamie Carstairs, Linfall Consulting; Michelle Davies, Eversheds

Michelle Davies, Eversheds
Jamie Carstairs, Linfall Consulting

Stefano Besseghini, RSE
Ruzgar Barisik, IFC

Side Events


Side event on Women Advancing Solutions (L-R): Sulaf Al-Zu'bi, CEO, INJAZ UAE; Hanaan Yahya, Exxon Mobil; Lamya Faisal Mohamed, Emirates Foundation
Participant asks a question to the panel for the
side event on Women Advancing Solutions

Assem Kabesh from Masdar City presented its state-of-the-art sustainable city

The Japan Pavilion sponsored a side event for Emirati students to learn about generating electricity from non-conventional sources and to build and drive mini-solar powered cars.
Participant making a mini-solar powered car

Around the Conference













Your IISD Reporting Services team at the WFES 2012 (L-R): Catherine Benson, US; Tallash N. Kantai, Kenya; Delia Paul, Malaysia; Ari Daniel Shapiro, US; Miquel Muñoz, Spain; Diego Noguera, Colombia; Jonathan Manley, South Africa; Brad Vincelette, Canada

Related Links
Summit resources
*Summit website
*Summit programme
*Summit speakers
*Innovate @ WFES
*Roundtable discussions
*Project Village
*International Renewable Energy Agency (IRENA) website

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