• Introduction
• Lord Browne's Keynote
• Heads of State Session
• Bringing About Change
• Worksessions
• Economy/Emissions
• Worksessions
• Infrastructure
• Worksessions
• Conclusions
• Al Gore (timesonline.co.uk)

Keynote Speech

Lord Browne of Madingley

Lord Brown said there were four main points to consider for this climate change challenge: The cost of cutting emissions should not be exaggerated and would increase fuel bills by between two and three per cent each year for the next 20 years. Costs would drop by 20 per cent for every doubling of capacity.

Lord Browne of Madingley

Sensible policy design: the correct price signals were required to motivate investment. Cap and trade was necessary but should be set up in a way to provide more certainty for investors. Ambitious projects were possible with price consistency.

Opportunities for business: firms should realise emissions cuts were not a threat. Market forces were necessary to deliver low carbon technology. Governments needed to be proactive, use the free market, stimulate green industries and build a renewable energy supply chain.

Good global governance involving all stakeholders. The developing world must be involved as two thirds of potential emissions reductions could be achieved at half the expenditure. The developed world must agree to transfer wealth and the developing world must accept mandatory targets.