Kevin Parker, global head of Deutsche Bank's Asset Management division, will emphasize the need for governments to establish regulatory and policy frameworks that provide transparency, longevity and certainty - TLC - to climate change investors. In a keynote speech to be delivered at the upcoming World Future Energy Summit in Abu Dhabi, Parker will also urge governments must create a system for setting a reliable carbon price in order to enable fair pricing of renewable energies against fossil fuels. He will detail the extremely attractive investment potential that new renewable energy markets, products and industries present. Transition to a low-carbon economy has moved into the mainstream and now sits at the centre of most government strategies for both energy and industrial renewal. This transition presents tremendous value creation opportunities, and opens the doors to a huge investment opportunity for new markets, products and industries, he said. “The biggest immediate challenge to achieving a low-carbon global economy is to create the regulatory conditions that will make it happen. A key step has to be a long-term carbon framework that will establish a reliable price for carbon. This will enable renewable energies to be priced fairly against fossil fuels,” Parker said. Participants at the World Future Energy Summit, will join Parker as he discusses the estimated market size for renewable energy, and the financial viability of existing technologies. Parker added that “A carbon price alone will not get us where we need to go unless it is supported by comprehensive regulation that will encourage and facilitate new sources of clean energy. Governments must create these systems of regulation, which require massive political commitment to a policy of fighting climate change. Feed-in tariffs and rules to make sure renewable energy providers can link easily into the grid are essential to stimulate more active investment in alternative energies. Renewable energy is clearly a key target for investors, and successful technologies will undoubtedly produce massive rewards for investors.” The International Energy Agency estimates that up to $35 trillion will be required by 2030 to mitigate climate change. This is an enormous challenge to private investment that opens at the same time, the room for massive capital investment. The World Future Energy Summit 2010 represents one of the most prominent meetings of influential figures from the renewable energy industry. Environmental and political issues on future energy supply in the context of increasing demand as well as calculating the true value of the renewables market will be in the agenda. “Future Climate Investment Structure” together with a “Panel on government and private sector success criteria for project finance in sustainable energy' will be part of the summit discussions.
