11.30 am

Aperitifs

12.00 pm

Luncheon
by Invitation of the City of Munich
Atrium

Welcome Address

Christian Ude
Lord Mayor of the City of Munich

1.30 pm

Opening of Conference

Jürgen Chrobog
Chairman of the Board of Directors, BMW Stiftung Herbert Quandt, Berlin and Munich

Hans-Werner Sinn
Professor of Economics and Public Finance, University of Munich;
President, Ifo Institute for Economic Research, Munich

2.00 pm

Introductory Debate

Adapt, Mitigate, or Die?

The choices are stark. But, clearly, doing nothing is not an option. While the world waits for the advent of binding agreements that may eventually start to curb greenhouse gas emissions, waters rise, rainfall fails, hurricanes rage and deserts grow. So, what do we do in the meantime? Do we go for accelerated adaptation in a sort of climatic Darwinism aimed at survival of the fittest instead of the fattest? Or do we think up a slew of technical fixes to mitigate the damage?

Chairman

Stephen Fidler
European Finance Editor, The Wall Street Journal, London

Speakers

Hans-Werner Sinn
Professor of Economics and Public Finance, University of Munich;
President, Ifo Institute for Economic Research, Munich

Ottmar Edenhofer
Deputy-Director, Potsdam Institute for Climate Impact Research

Break

4.00 pm

Panel 1

The Blind Alleys of Climate Policy

The road to hell is paved with good intentions. Vowing to burn less fuel is a worthy goal, but it is useless if at the same time the amount of fuel reaching the markets remains unchanged: someone is going to burn it up in your stead and thanks very much. Rewarding the industries that reduce their emissions through a carbon trading scheme while failing to reward poor countries that manage their forests more properly will gain no converts for climate virtue. Setting high baselines from where to start measuring emissions reductions in order to protect your national industries will do nothing to cool off the earth. The list goes on.

Chairman

Daniel Hertzberg
Editor, International and Deputy Managing Editor, The Wall Street Journal, London

Speakers

Karl Falkenberg
Director-General, Environment Directorate-General, European Commission, Brussels

Carl Christian von Weizsäcker
Senior Research Fellow, Max Planck Institute for Research on Collective Goods, Bonn

Lady Barbara Judge
Chairwoman, UK Atomic Energy Authority, Harwell, Oxfordshire

Renate Künast
Chairwoman of the Parliamentary Group, Alliance 90/The Greens, German Bundestag, Berlin

Martin Wittig
Chief Financial Officer and Member of the Executive Committee, Roland Berger Group

Discussion

6.00 pm

End of Session

7.30 pm

Dinner at the Nymphenburg Palace

by Invitation of the Minister-President of the Free State of Bavaria

represented by

Siegfried Schneider
Head of the Bavarian State Chancellery and State Minister

9.00 am

Opening Address

Energy and the Environment

Mohamed Bin Dhaen Al Hamli
Minister of Energy, United Arab Emirates

Panel 2

OPEC and Kyoto: Reconciling Diverging Interests

We are addicted to oil. Both to extracting it and to burning it. Pity that the planet suffers from our addiction. So we go to Kyoto to find ways to burn less of it, but in the meantime please keep the pumps going strong so that we can consume less onerously. The fact is, we need both: a liveable planet and the energy to fuel our prosperity. Can these two needs be reconciled? Can OPEC help Kyoto?

Chairman

John Peet
Europe Editor, The Economist, London

Introduction

Henk Folmer
Professor of General Economics, University of Wageningen

Speakers

Claudia Kemfert
Head of Energy, Transportation and Environment Department, German Institute for Economic Research (DIW), Berlin

Janusz Reiter
Ambassador-at-Large for Climate Change, Republic of Poland

Tom Burke
Founding Director, E3G, London; Adviser on Climate Change to the Foreign and Commonwealth Office, United Kingdom

Discussion

Break

11.15 am

Panel 3

The Road to Copenhagen

Like any good pilgrimage, this one requires stamina. The road from Kyoto through Bali to Copenhagen has been arduous, not least because the pilgrims do not all agree on what the pilgrimage is about nor about where they want to get to. But global realities are gradually helping to gain converts, such as the US, which has slowly come around to accepting that there might be a problem with climate after all. Still, there are some major opt-outs, like India, which refuses to budge and commit to any caps on emissions. What are the prospects for an agreement in Copenhagen? Can the world live with a few opt-outs? What are the costs of sticking to business as usual?

Chairman

Anatole Kaletsky
Editor-at-Large and Principal Economics Commentator, The Times, London

Introduction

Carlo Carraro
Professor of Environmental Economics and Econometrics, University of Venice

Speakers

Johannes Teyssen
Vice-Chairman, Board of Management, COO, E.ON AG, Düsseldorf; Vice-Chairman, World Energy Council, London

Angelika Niebler
Chairwoman, Committee on Industry, Research and Energy, European Parliament, Brussels

Tuomo Hatakka
Chairman of the Management Board, Vattenfall Europe AG, Berlin; Head of Business Group Central Europe and Senior Executive Vice President, Vattenfall AB, Stockholm

Karen Harbert
President, Chief Executive Officer, Institute for 21st Century Energy, US Chamber of Commerce, Washington, DC

Henning Wuester
Special Adviser to the Executive Secretary, United Nations Framework Convention on Climate Change, Bonn

Discussion

1.15 pm

Concluding Remarks

Hans-Werner Sinn
Professor of Economics and Public Finance, University of Munich;
President, Ifo Institute for Economic Research, Munich

Jürgen Chrobog
Chairman of the Board of Directors, BMW Stiftung Herbert Quandt, Berlin and Munich

1.30 pm

Lunch Buffet, Cocktail Lounge

2.30 pm

End of Conference