EMERGING ENERGY MARKETS
conference organized by Eesti Pank,
Ministry of Economic Affairs and Communications
and Global Interdependence Center (GIC)

Conference Center of the Swissôtel Tallinn
August 21, 2008

PROGRAM

09:00 - 09:15 Opening remarks, Andres Sutt, Deputy Governor, Eesti Pank  
09:15 - 09:45 Keynotes: Juhan Parts, Estonian Minister of Economic Affairs and Communications:
"Energy policy challenges in the Nordic-Baltic region"
09:45 - 10:15 Keynotes: Jean-Claude Schwartz, Policy Officer, DG TREN C1, European Commission: "The 2020 Sustainable Energy Agenda"

10:30 - 12:00 SESSION 1: Nordic and Baltic energy balance and energy market networks
  The first panel will provide an overview of Nordic energy market and market infrastructures
  Chair: Einari Kisel, Deputy Secretary General of Energy, Estonian Ministry of Economic Affairs and Communications
  Discussants:
Yngve Söderlund, Senior Manager, Europe & Eurasia, Nordic Investment Bank:
"Demand for Investments to Secure Electricity Supply versus Investment Risks in the Baltic Sea Region"
Mario Baldassarri, Professor of Economics, University of Rome "La Sapienza":
"Global energy prices, supply situation and the European Union"
Natalia Soczo, Energy policy expert, Mol Group:
"Russia and the European Energy Supply"
Timo Tyrväinen, Chief Economist, Aktia Sparbank Abp:
"Central Bank Policy in Response to Exogenous Energy Shocks"

13:30 - 15:00 SESSION 2: Energy policies and alternative sources in the European and Nordic context - a market view
  The second panel will discuss solutions to address energy risks in today's volatile environment and key challenges in diversifying energy supplies
  Chair: David R. Kotok, Member of the Board of Directors, GIC
  Discussants:
Sandor Liive, CEO, Eesti Energia:
"Baltic energy supplies"
Martti Kätkä, Director, The Federation of Finnish Technology Industries:
"Energy Policies and Alternative Sources in the European and Nordic Context - A Market View"
Jason Schenker, Risk Management Specialist, McKinsey Group:
"Solutions to Mitigate Energy Risk"
Christopher E.Jylkka, Partner, Boston Energy Group:
"An American Perspective on Wind Development"

15:30 - 17:00 SESSION 3: Monetary policy and energy costs
  How do energy policy and costs affect inflation and central bank decision making?
  Chair: Andres Sutt, Deputy Governor, Bank of Estonia
  Discussants:
Kevin Cheng, Economist, IMF:
"Global inflation and commodity prices"
Martin Bijsterbosch, Principal Economist, European Central Bank:
"Policy in Response to Exogenous Energy Shocks"
Jan Kubicek, Advisor to the Board, Czech National Bank:
"Outlook for Energy Consumption in the Czech Republic in the Context of the Convergence Process"


SUMMARY (pdf, 362 kB)