Programme

MODERNIZATION AND ENERGY EFFICIENCY IN RUSSIA: FORCED MEASURES OR NEW OPPORTUNITIES?

Russia: Seizing the Opportunities
Panel Session
Pavilion 5, Conference Hall 5.2

Russian businesses are under pressure to revamp operations and significantly improve efficiency. At the same time, government-owned and natural monopolies are expected to further cut costs and review their investment programmes given the sagging economy. Can the difficult circumstances be a catalyst for reform and create investment opportunities for private capital in the state sector, particularly in energy efficiency projects? How can the Russian government and regional authorities support steps to enhance efficiency?

Moderator:
Alexey Bobrovsky , Head of the Economic Programme, Russia 24 TV Channel

Panellists
Emmanuel Babeau , Deputy Chief Executive Officer, Schneider Electric
Hans-Paul Buerkner , Chairman, The Boston Consulting Group
Gonzague de Pirey , General Delegate for Russia, Ukraine and the C.I.S., Saint-Gobain; Chairman, Association of French enterprises in Russia for ecology and energy efficiency
Anton Inyutsyn , Deputy Minister of Energy of the Russian Federation
Shuji Nakamura , Nobel Prize Winner; Professor, The University of California, Santa Barbara
Svetlana Orlova , Governor of Vladimir Region
Sergei Stepashin , Chairman of the Supervisory Board, Housing and Utilities Reform Fund
Alexander Chuvaev , Executive Vice President, Head of Russia Division, Fortum Corporation

Broadcast

Key moments

Energy efficiency rests entirely on three things: proper regulation, subsidies and/or market mechanisms.
Alexander Chuvaev
The key role of government in using energy efficiently is to provide incentives and to impose regulations to achieve fair market terms and, ultimately, to lead by example. I think there are a lot of activities and efforts under way in Russia to make that happen.
Hans-Paul Buerkner