What really matters in security of energy supply?

2011 BP MADRID FORUM ON ENERGY &
SUSTAINABILITY
What really matters in security of
energy supply?
June 1 & 2 (internal sessions)
& June 3 (open session), (2011)
Madrid, Spain
BP CHAIR ON ENERGY AND SUSTAINABILITY
Comillas University
With the collaboration of
INTERNAL SESSIONS1
Venue: Headquarters of the Spanish Energy Club
Paseo de la Castellana 257, Madrid
The objective of the 2011 BP Forum is to identify the issues that really matter for
the security of energy supply in the European context. When talking about energy
concerns, security of supply is always at the top of the list. Security of energy
supply has an immediate and intuitive interpretation: guaranteed access to the
diverse forms of modern energy that allow the satisfaction of the needs of the
people at an affordable price, now and in the foreseeable future.
However, when this topic is examined in more detail, a complex multidimensional
pattern of issues appears. We have classified the major identified issues into five
categories, which correspond to the sessions of the Forum.
We shall start by examining the factors that determine the reliability level of the
physical delivery of the final energy commodities (gasoline, diesel, electricity or
natural gas, for instance) that the user will transform into useful services (such
as lighting, heating, transportation or air conditioning).
In the second place the focus will be on the geostrategical implications of
having to import energy from other countries in different parts of the world.
Thirdly, we shall examine the economic implications of energy dependence at
country level.
In the fourth place we shall look into the impact of climate change on the longterm policy for energy security of supply.
Finally, we shall examine the conditions to attract the large volumes of
investment that will be necessary to build the future energy infrastructures.
The Forum will close with a panel discussion on a comprehensive view to strategic
measures to address energy security off supply.
The emphasis of all sessions will be placed on the evaluation of current energy
policies and the identification of practical recommendations to enhance energy
supply. Whenever possible Portugal and Spain will be used as case examples.
1
On the morning of Friday June 3rd there will be an academic activity at Comillas
University on the same topic as the Forum and open to the public. The Forum participants
that are still in Madrid are welcome to attend to this event whose program is announced at
the end of this prospectus.
Program
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Wednesday June 1st
13:00 – 14.00. Lunch
14:00 – 14:15. Welcome and presentation of participants
14:15 – 14:30. Introduction
The issues to be addressed. Presentation of the agenda of the Forum.
Ignacio Pérez-Arriaga
Director, BP Chair on Sustainable Development, Comillas University
14.30 – 16.00. SESSION 1: THE PHYSICAL RISKS OF ENERGY SUPPLY
Chair: Julián Barquín (10 min. introduction)
The availability of energy resources. (15 min. presentation)
Mariano Marzo
Universidad de Barcelona
A reflection on available energy technologies (15 min. presentation)
Antonio Soria
European Commission
Discussion (50 min.)
16.00 – 16.30. Coffee break
16.30 – 18.00. SESSION 2 THE GEOSTRATEGICAL ASPECTS
Chair: Franco Romerio (10 min.)
Energy supply security and geopolitics II (15 min. presentation)
John Cooper
BP
Europe, Russia and energy (15 min. presentation)
Soledad Segoviano
Universidad Complutense de Madrid
Discussion (50 min.)
20:00. Social event & Dinner
Welcome address
Alfredo Barrios
President, BP Spain
Program
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Thursday June 2nd
9.00 – 10.30. SESSION 3: IMPACT OF ENERGY DEPENDENCE ON THE
ECONOMY OF A COUNTRY
Chair: Pedro Linares (10 min)
Externalities of energy security
Ad Seebregts (15 min. presentation)
ECN
Impacts of oil shocks on the Spanish economy
Baltasar Manzano (15 min. presentation)
Universidad de Vigo
Discussion (50 min.)
10.30 – 11.00. Coffee-break
11:00 – 12:30. SESSION 4: LONG TERM CHALLENGES: ENERGY
SECURITY OF SUPPLY AND CLIMATE CHANGE
Chair: Clara Poletti (10 min.)
Climate change and energy security (15 min. presentation)
Denny Ellermann
MIT and Florence School of Regulation
Managing long term security risks for Europe: energy, climate & geopolitics
(15 min. presentation)
Michael Grubb
UK Carbon Trust and Imperial College
Discussion (50 min.)
12:30 – 13.30. Lunch
Program
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13:30 – 15:00. SESSION 5: REGULATION & INVESTMENT IN ENERGY
INFRASTRUCTURES
Chair: Alberto Potoschnig (10 min.)
Long-term challenges of European energy policy: The road to 2050
Jean Michel Glachant (15 min.)
Florence School of Regulation at European University Institute
Regulatory instruments to promote investment in clean energy technologies
Christian Winzer (15 min.)
Cambridge University
15:00 – 15:30. Coffee break
15:30 – 17:00. PANEL DISCUSSION: STRATEGIES FOR ENERGY
SECURITY OF SUPPLY
Chair: Ignacio Pérez-Arriaga
Director, BP Chair on Sustainable Development, Comillas University
Panelists:
TBD
Program
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2011 BP MADRID FORUM ON ENERGY &
SUSTAINABILITY
Essential aspects in security of energy
supply
BP CHAIR ON ENERGY AND SUSTAINABILITY
Comillas University
With the collaboration of the Spanish Energy Club
SESIÓN PÚBLICA
Lugar: Universidad Pontificia Comillas
Viernes 3 de Junio de 2011
12:00 – 14.00
Bienvenida
Julio J. Martínez
Vicerrector de Investigación, Desarrollo e Innovación, Universidad Pontificia
Comillas
Resumen de las sesiones internas del Foro Internacional 2011 de la
Cátedra BP sobre Energía y Sostenibilidad
Lo que realmente importa en la seguridad del suministro energético
Ignacio Pérez-Arriaga
Director de la Cátedra BP de Energía y Sostenibilidad
Universidad Pontificia Comillas
Panel sobre Seguridad de suministro energético en España
Panelistas:
Federico Steinberg, Real Instituto Elcano
Jorge Blázquez, CORES
Francisco Maciá, Spanish Ministry of Industry
Clausura
Program
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