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EBC Meeting at the IEA Ministerial - 14 October 2009

The 2nd EBC meeting was held at OECD Conference Centre in Paris on 14 October 2009, forming the opening session of the IEA Ministerial, followed by a networking cocktail and a working lunch for Heads of Delegation and Industry participants.

Under the theme “Meeting Energy Challenges in Public-Private Partnership” the session convened IEA Member Countries Ministers and non Member partner countries – China, India and Russia - together with 25 CEOs and top executives of energy producing and consuming companies including:

Acciona, Alstom, Anglo American, Beijing Energy Club, Cloon Economics, EDP, Enel, GDF SUEZ, Iberdrola, Institute for 21st Century Energy - US Chamber of Commerce, International Aluminium Institute, Lafarge, Lukoil, Michelin, Nippon Steel, OMV, Pemex, Petronas, Renault, Schlumberger, Sharp, Toshiba, TransCanada Corporation, Vattenfall AB, Vestas, Westinghouse Electric Company

The meeting – conducted under Chatham House rules to foster an open, frank and constructive dialogue and with a professional journalist to stimulate the debate – was structured around two substantive themes based on the findings of the forthcoming World Energy Outlook 2009. In particular:

  • the impact of the financial and economic crisis on the energy sector, focusing on global energy investment; and
  • how business can meet the transformational challenge of a deal in Copenhagen

The meeting brought together an impressive list of governments and industry leaders to debate the practical steps that are needed to move the global energy system onto a sustainable pathway, such as that outlined in the 450 Scenario of the IEA’s World Energy Outlook 2009. Many Ministers and top executives praised the session for its lively and constructive dialogue and noted the many pertinent issues that were raised.

“As the private sector traditionally accounts for the vast bulk of energy investments, strong public-private partnerships are essential to overcome the global energy challenges we face. We welcome the establishment of the Energy Business Council (EBC) and invite this executive-level group to work closely with the IEA Secretariat”