Steering Committee of the Energy Efficiency 21 Project Sixteenth session, 29 June 1 July 2005 (Item 5 of the provisional agenda)

Institutionally, the project will be assembled under the auspices of the United Nations Economic Commission for Europe and by the Steering Committee of the Energy Efficiency 21 Project.

Energy policy

Argentina s Energy Dilemma

Bush s Bad Faith Energy Policy

The Coming Global Energy Revolution

Effectiveness .

Energy Independence in an Interdependent World

ECE and the Energy Efficiency 21 Project have created a network of influential personalities in the main social settings concerned.

Finally, China needs a new energy strategy.

We have implemented an anti crisis program that has concentrated on the financial sector, the real economy, and especially important infrastructure investments, particularly in the crucial area of energy efficiency.

Other transportation efficiency is as important as cars and trucks!

Energy policy is a perfect example of a wrongheaded strategy. The Argentine government fixed gas prices, despite ongoing inflation.

But energy policies continued to focus on finding more fossil fuels.

Energy policy is a perfect example of a wrongheaded strategy.

Transaction costs and efficiency

The function H is known as the Hamiltonian or the energy function.

Effectiveness is more important than efficiency.

When are Public Services Successful?

A. Coherence, effectiveness and relevance

C. Transaction costs and efficiency

The medicine used proved very effective.

Energy policy is national, but the sector s externalities are global.

First, and perhaps least self evident, is energy.

The energy component of the CPI fell over the last 12 months by 19 .

Traditional business leadership styles have become less effective.

No wonder that the efficacy of these tools has weakened.

The true effectiveness of these packages is not clear.

Today, efficacy is the challenge.

But this has all had little effect.

Russia s attempt to drag Georgia into its imperial net started in the summer of 2003, when the Russian power monopoly United Energy System took control of 75 of Georgia s electricity network.

Capitalism s three stabilizing devices lost their efficacy.

Efficiency doesn t reduce consumption it increases it.

The effectiveness of surgery, for example, is hotly debated.

And it s completely inefficient, economically.

But over the next decade, the politics of energy in the US may gradually change.

Our energy security is in our own hands, not Russia s.

But this is a way to get honest about what works and what doesn t.

These partnership mechanisms already exist. At Prague, we will make them even more effective.

This erodes the flexibility and ultimate effectiveness of fiscal responses.

Temporary, improvised measures have had reduced effectiveness in many countries.

At Prague, we will make them even more effective.

So far, their tactics have proven to be effective.

But its effectiveness in practice remains to be seen.

The improbable theme that Russian President Vladimir Putin chose for the conference is energy security.