 Thank you very much. Let me continue on energy and climate issues which we discussed in a panel that was moderated by Valérie Ducro from the Global Gas Centre, who is here in the room and who may of course then be available as well for further comments. I think we first enjoyed a very sobering factual sensation on the fact that geopolitics are back big time affecting energy markets and policies and and yet with the disconnect because that needs to be fully incorporated actually into policies, especially in net-importing countries in Europe and and is not yet the case and and so geopolitics matter and especially in oil and gas as you may imagine but also increasingly in industrial value chains and they matter because there is an uneven an uneven split of resources and reserves globally of course of oil and gas, but if we mention oil we have about almost three of the world's largest or some of the largest resource-holding countries on the sanctions and and and that is of course an unprecedented situation with Russia, Iran and and Venezuela, although Venezuela there are some latest developments to be followed but but the point is this leads to volatility, this should trigger policies that you know can can can ensure resilience and and this also points to a mismatch between the falling investments for example in the upstream oil and gas that we've seen and the fact that demand instead of falling and and following that trend has actually been continuing to increase so there is an obvious problem here and we are going to face this problem for for for the next years and so do not expect any Falling prices and actually expect quite the contrary or at least a lot of more volatility and and so there is an obvious investment challenge on the fossil fuel side, but of course there is a major investment challenge on the renewable side and and we noted of course that the investment allocated to renewables is increasing year by year and and is making spectacular progress, but let's not Be complacent. This is still way below what is needed to put us on track for a 1.5 degrees trajectory. We then I think had a very interesting conversation on global governance global energy governance and global energy and climate governance actually Which highlighted indeed some of the tensions that are out there between the so-called global north and global south indeed there is There is elements of double standards that have been identified. We have also discussed some imbalances created by Russia's war in Ukraine and some of the fundamental systemic imbalances in markets Namely for example that a Large part of this bottle and G market has been siffled off by the Europeans at the expense of several emerging economies Which I should stress is in no way violating any contractual obligations, but it's just Translating reality where even in the world's governed by contracts. You still have the market aspect That translates into well the ones that's ready to pay the most gets it at the end Right and gets the car goes in the volumes at the end So obviously this was this was part of the discussion another point that was raised was the issue of how do we democratize? global energy and climate governments there was views expressed that this Governance is in balance towards the north and that you know some of the leading institutions are based in the north You know driven by the OECD notably or the IEA And and that obviously that there's a need for rebalance there and and and actually we agreed Or at least it was a consensus to say that well that needs to be somehow democratized and and that we need more dialogue Among all the all the stakeholders and there was an idea to set up an energy security council Which was raised which is quite interesting although if you start thinking in practical terms You immediately of course come up with a number for questions and issues but but still I think You know with rising India and and and rising in Asia etc. This Definitely deserves to be to be looked at in future Nonetheless of course it was pointed out that we still have or already have I should say global institutions such as or forums such as of course cop and Which actually brings together the north and the south and And of course so we are not here in the desert right to totally so there's still a There's already something in place, but work can be further done on on on complimenting that Then we we moved on to discuss of course the many Environmental and climate emergencies and and needless to say there was a reminder that we are in a race against time We are in a race against ourselves That we are not on track, but some interesting perspectives for for all of you who may not all be energy and climate experts But it was reminded that it's not just about co2 It's not actually about only greeners gas emissions altogether, but it's equally About greeners gas emissions and biodiversity and that the one cannot deliver without the other so these are the the two hands Which we are to work on it was reminded that we just have cup 15 and Montreal Which of course attracts much less attention regrettably than a cup 27 or the forthcoming cup 28 Another important element brought into the discussion was that we should not over focus on supply side issues and supply side solutions and of course there will be a lot of new technologies coming and We've seen incredible progress there over the past years But we should really focus much more on demand side solutions and technologies as well especially in electricity systems and There was a point made that well electricity systems will be increasingly decentralized and of course not everywhere And that has different meanings where depending on where you are But you know also you're thinking of you know everything being central and the way Electricity systems were established in past years or in past. I should say you passed the 50 or 60 years Obviously, we'll see changes there. So what it has to think about, you know flexibility on the supply and demand side and when also You know the transformation is about electrifying systems But saying that should not you know set aside that a lot of the focus should be on producing heat And and so you can produce heat for various forms nuclear was mentioned as a fundamental solution for that and then we mentioned Two of the issues that popped up in Europe recently, but still have to make their way across the world, which is Energy sobriety. So that's obviously something For developed economies. I mean if you have nothing or almost nothing It's it's ridiculous to speak about it But nonetheless, we see a lot of emerging economies that that have also room to to improve that a focus on circularity reuse re-inject a Major stumbling block which is still to be addressed, which is how do you store electricity in the long term and And that is something for for everyone to to to focus on and especially a new avenue for for R&D efforts and Then and then of course it was reminded that we still have a lot of work to fix the inefficient fossil fuel subsidies as is the wording in official governance declarations and that obviously here We still have a lot of work to do both in the north and the south and that of course the directions taken with the crisis is not is not really of course wishful Well, a last point and I'll end here Regarding the different countries and geographies. I think we we also touched up in Russia and and it was there was an interesting perspective I think for for everyone to to have in mind thinking about the future after the war Which is that maybe there is a possibility that indeed a new post with Russia might be actually might rise based on a Commitment to reduce greenhouse gas emissions and to decarbonize the the Russian economy and and it was Mentioned that you know the younger part of the youngest generation in Russia is extremely interested in these topics So I think that's you know some hope at the end of and some light at the end of the tunnel Thank you very much for your attention and happy to bust the floor to my colleague You