Conference Moderator: Ms. Eszter Suele

09:00

opening address and welcoming remarks  

 ·    Dr. DAVIT NARMANIA, CHAIRPERSON OF GEORGIAN NATIONAL ENERGY AND WATER SUPPLY REGULATORY COMMISSION

09:15

KEYNOTE addresses   

       ·     MR. IRAKLI GARIBASHVILI, PRIME MINISTER OF GEORGIA

       ·     EU Commission

09:45

DYNAMIC REGULATION AND ENERGY TRANSITION  

       ·     MS ANNEGRET GROEBEL, CEER PRESIDENT

The regulation must be stable, but not static, and coherent with the fast-changing environment and market evolutions that digitalisation and decarbonisation bring about, whilst continuing to protect the European energy consumers’ interests effectively and remaining predictable. Being able to adapt to new realities ensures that the regulation echoes consumers’ needs and interests leading to better protection and higher empowerment and contributing to the energy system transition and integration.

10:00

SCALING UP RENEWABLES INVESTMENTS IN DEVELOPING COUNTRIES

       ·     MR. MIChael CAron, first vice president, naruc, usA

The capital flows to developing countries in support of clean and renewable energy have doubled since 2010. The increase in financing renewable energy investment projects is expected to continue in the coming years in order to ensure access to affordable and clean energy for all. The lion’s share of investments in renewable energy falls on hydropower, however, recent years have witnessed a significant rise in the number of investments in wind, solar, hydrogen and geothermal energy.

10:15

Renewable Energy Projects and Availability of EIB Assistance

       ·     MR maciej czura, Head of regional representation of the European Investment Bank for the South Caucasus

The role of investment banks and international financial institutions is crucial for the development of the renewable energy sector. What is the lending policy of the European Investment Bank in the context of the EU’s Economic and Investment Plan and what are the instruments at its disposal? How EIB supports the unlocking of new technologies, including green hydrogen, and transition towards net zero.

10:30

The Role of a harmonized and coherent regulation in promoting renewable Energy in the Mediterranean region

       ·     Medgreg

10:45

Coffee break

11:15

ENABLING CLEAN ENERGY TRANSITIONS THROUGH COOPERATION: THE REGULATORY ENERGY TRANSITION ACCELERATOR - RETA

       ·     MR ANDREW FLAGG, RETA/INTERNATIONAL ENERGY AGENCY

       ·     Q&A

Multilateral coordination, especially that between developed and emerging and developing economies, is crucial to the clean energy transition. There is additional scope for systems to improve knowledge sharing and cooperation, particularly when integrating higher shares of variable renewable energy. From knowledge and data sharing, to physical integration of power systems, these activities can decrease the cost of the energy transition and foster investments.  

11:40

Importance of regulation for investments – what improvements are needed?

       ·     MR PÁL SÁGVÁRI, ERRA VICE CHAIRMAN 

       ·     Q&A

12:05

Energy Community Kicks off Renewables Certificates Project to Help the Acceleration of Energy Transition

       ·     Ms naida taso, renewable energy expert, energy community secretariat

       ·     Q&A

Guarantees of Origin (GO) can be a real game-changer as they might stimulate the attraction of new renewables investments. Guarantees of Origin (GOs) are electronic documents attesting to final consumers that a specific quantity of electricity was produced from renewable energy sources. Through the introduction of the electronic system, the countries can manage the issuance, transfer and cancellation of guarantees of origin, as well as trade GOs regionally.

12:30

Lunch break

14:00

Renewable Energy Investment Climate in DEVELOPING countries

·         Armenia

·         Azerbaijan

·         REPUBLIC OF moldova

·         ukraine

·         ERRA MEMBER

·         ERRA MEMBER

Developing countries have a big potential to boost the generation from renewable energy sources and thus decrease their dependence on fossil fuels. Creating favourable, transparent and rule-based investment environment is of crucial importance for attracting investors. The countries have coined diverse instruments to mobilise private financing into the renewable energy sector ranging from premium tariffs, and green certificates to risk-sharing.

15:10

ACCELERATING INVESTMENTS INTO THE RENEWABLES SECTOR IN ASIAN COUNTRIES (TBC)

       ·     MR DAVID URBANEJA-FURELOS, SENIOR INVESTMENT SPECIALIST, ASIAN DEVELOPMENT BANK

Asia’s robust economic growth, rapid hike in demography and high concentration of population in cities have significantly increased the energy demand in the region. The increasing energy demand poses a threat to the region’s ambition to comply with the goals of the Paris Agreement and decrease greenhouse gas emissions. However, the last decade has witnessed the transformation of South-East Asian countries into renewable energy superpowers, dwarfing all developed countries and it is expected that the trend will dominate the energy sector development narrative.

15:30

Coffee break

15:50

mitigating Climate Change through Renewable Energy technologies

       ·     International Renewable Energy Agency and EU4Climate (TBC)

Renewable energy plays a significant role in the mitigation of climate change, as transitioning to renewable energy, and reducing reliance on fossil fuels, is one way to help slow down the effects of climate change. For decades renewables used to be a more expensive option, but new clean energy technologies are lowering costs and helping to shift economies from fossil fuels to clean energy generated from renewable sources.

16:10

Scaling-up Investments in Renewable Energy in EaP Countries – Investor’s Perspective 

       ·     MR SEBASTIAN MOLINEUS, WORLD BANK, REGIONAL DIRECTOR FOR SOUTH CAUCASUS

Mobilising financing for a low-carbon and energy-efficient economy requires a firm commitment from the government sending clear policy and price signals to the investors promising/offering a sufficiently attractive risk-adjusted return. However, in order to mobilise more efficient and effective green finance, governments, private investors, financiers and consumers should unite their efforts and work together. Consequently, the measures to be undertaken to mobilise capital markets, and commercial banks to deliver more green lending and green investments will be explored.

16:30

 19:30

wrap-up & Closing

Dinner RECEPTION

hosted by the Georgian National Energy and Water Supply Regulatory Commission (GNERC)