For more information, please contact David Telfer on +44 20 7978 0036 or email dtelfer@thecwcgroup.com

A two day strategic summit and pre-summit workshopsdesigned 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.

11 - 13 JUNE 2008 | MILLENNIUM GLOUCESTER HOTEL | LONDON

“Can you risk not developing and implementing a carbon strategy?”

SUPPORTED BY: PRODUCED BY:SPONSORED BY:

PRODUCE

D

FOR T

HE

ENER

GY S

ECTO

R

A strategic overview of the latest business and investmentopportunities for oil, gas and power companies in theemerging carbon economy

• Enhance engagement and collaboration amongNOCs, IOCs and global policy makers

• Raise regional and industry awareness on reducing GHGs

• Leverage the business opportunities created byglobal actions to reduce CO2 emissions

• Reduce exposure to future portfolio and regulatory risk

• Avoid harsh penalties for failure to comply with newlegislation and regulations governing CO2 emissions

• Transform your carbon emissions liabilities intofinancial assets

Attend this strategic three day summit to find out whatyour competitors are doing, meet the key players andnetwork, network, network!

CONFIRMED SPEAKERSSUMMIT KEY FEATURES• Marianne Moscoso-Osterkorn, International Director,

RENEWABLE ENERGY AND ENERGY EFFICIENCY PARTNERSHIP

• Dr. Fatih Birol, Chief Economist and Head of the EconomicAnalysis Division, INTERNATIONAL ENERGY AGENCY

• Dr Hassan M Qabazard, Director of Research Division, OPEC (TBC)

• Pierce Reimer, Director General, WORLD PETROLEUM COUNCIL

• Margaret Mogford, Head, Climate Change Policy, BG GROUP

• Dimitri Zenghelis, Co-author, Stern Review, Office of ClimateChange, UK GOVERNMENT

• 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

31735 CO2 Summit A4 AD:CO2 Summit A4 AD 18/4/08 14:59 Page 1

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For more information, please contact David Telfer on +44 20 7978 0036 or email dtelfer@thecwcgroup.com

A two day strategic summit and pre-summit workshopsdesigned 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.

11 - 13 JUNE 2008 | MILLENNIUM GLOUCESTER HOTEL | LONDON

“Can you risk not developing and implementing a carbon strategy?”

SUPPORTED BY: PRODUCED BY:SPONSORED BY:

PRODUCE

D

FOR T

HE

ENER

GY S

ECTO

R

A strategic overview of the latest business and investmentopportunities for oil, gas and power companies in theemerging carbon economy

• Enhance engagement and collaboration amongNOCs, IOCs and global policy makers

• Raise regional and industry awareness on reducing GHGs

• Leverage the business opportunities created byglobal actions to reduce CO2 emissions

• Reduce exposure to future portfolio and regulatory risk

• Avoid harsh penalties for failure to comply with newlegislation and regulations governing CO2 emissions

• Transform your carbon emissions liabilities intofinancial assets

Attend this strategic three day summit to find out whatyour competitors are doing, meet the key players andnetwork, network, network!

CONFIRMED SPEAKERSSUMMIT KEY FEATURES• Marianne Moscoso-Osterkorn, International Director,

RENEWABLE ENERGY AND ENERGY EFFICIENCY PARTNERSHIP

• Dr. Fatih Birol, Chief Economist and Head of the EconomicAnalysis Division, INTERNATIONAL ENERGY AGENCY

• Dr Hassan M Qabazard, Director of Research Division, OPEC (TBC)

• Pierce Reimer, Director General, WORLD PETROLEUM COUNCIL

• Margaret Mogford, Head, Climate Change Policy, BG GROUP

• Dimitri Zenghelis, Co-author, Stern Review, Office of ClimateChange, UK GOVERNMENT

• 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

31735 CO2 Summit A4 AD:CO2 Summit A4 AD 18/4/08 14:59 Page 1

6 May ‘08

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© Lars Sundström

7May ‘08

9May ‘08

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.

10 May ‘08

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http://www.who.int/world-health-dayhttp://www.who.int/phe

Drought impacts on the mostfundamental determinants of healthsuch as food and water

13May ‘08

We must make agriculture a priority.

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sustainable DevelopmentCover story

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Dr. Sutan Ahmed Al Jaber, D. Jorge Sendagorta and Sultan Al Qortasi

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Dr Gary Kendall

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© IFAW/S. Cook

© IFAW/S. Cook

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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

Disappearing Glaciers of Africa

The sparkling glaciers high up in the Rwenzori Mountains – and their crystal-clean mountain streams – may be no more, according to WWF, the global conservation organisation. Climate change has

taken its toll on some of Africa’s highest peaks; the mountains’ glaciers are on their knees

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.

40 May ‘08

Climate Change

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 CO

2 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

Green it like London

Major cities in the Middle East could learn a lesson or two from the city of London, on how to reduce 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.”

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.

41May ‘08

The BMW Concept X6 ActiveHybrid

42 May ‘08

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•

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•

•

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•

© Per-Anders Hurtigh

46 May ‘08

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P.O.box:103737, Tel:+971 4 398 6862, Fax: +971 4 398 8262, Dubai United Arab Emirates,Info@dubaiautismcenter.aewww.dubaiautismcenter.ae

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