Eesti Pank / Bank of Estonia

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Tühik

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"