Expert opinion

	03.12.06 Victoria Panova G8 research group, University of Toronto, Director for Russia
	03.12.06 Mona Bricke German NGO Forum Environment and Development
	03.12.06 Nigel Martin Montreal International Rorum (FIM)
	02.12.06 John Kirton Head of G8 Research Group, University of Toronto
	02.12.06 Regina Gunter Head of the WWF Germany

News

Favorable climate, sensible policy crucial for energy investment — Khristenko

RIA Novosti, Mar 16
MOSCOW, March 16 (RIA Novosti) — Russia’s industry and energy minister said Thursday that massive investment in global energy projects were only possible in a favorable investment climate and political stability.
“Securing sufficient investment in the development of the global energy sector is only possible in a favorable investment climate and given political stability in countries that produce and consume energy resources, as well as in transit states,” Viktor Khristenko said in opening remarks to a meeting of G8 energy ministers in Moscow.
Investment incentives included good legislation, clear tax rules, respect for contracts, reliable dispute-settlement procedure, and measures to reduce red tape, he said.
Khristenko cited figures from the International Energy Agency, set up to advance energy and technology cooperation, which said a total of $17 trillion should be invested in the energy sector before 2030. He said much of that amount should go to finance production, transportation, and refinement. “We should join efforts to secure considerable investments and make proper use of them,” Khristenko said.
He also said energy projects had to be more viable economically and financially to lower the risk of breaks in power supply, and proposed various insurance and financial risk unbundling schemes to this end.

Expert opinion

	02.12.06 Halter Marek Le College de France
	02.12.06 Olivier Giscard d’Estaing COPAM, France
	02.12.06 Mika Ohbayashi Institute for Sustainable Energy Poliсy
	02.12.06 Bill Pace World Federalist Movement - Institute for Global Policy
	01.12.06 Peter I. Hajnal Toronto University, G8 Research Group