 Thank you so much. Ladies and gentlemen, good morning. I'm very pleased to provide you a summary of the discussions we had in a kind of special panel which looked a bit odd from the start, which combined energy, climate, environment, sustainability and food supply security. Nonetheless, which really showcased that many of these issues are intertwined at the end of the day and will be increasingly as we move forward. We started taking stock of the multiple energy and supply chain crisis the world is in now. So what is obviously a very good news for fossil fuel producers and exporters is increasingly becoming a huge burden for importers and overall sets a big cloud in the global economy as we have very, very sky high gas prices as we have super high electricity prices as we have major supply crunches in the supply chains, which will increasingly affect industries consumption and probably can also impact the pace of the global recovery, not to speak only about inflation, but concretely about the ability to lift consumption and supplies and what lately is happening in China I think is in everybody's mind and we are just starting to see the consequences of that. The Chinese are curtailing electricity supplies to a number factories. They are confronted with a shortage of coal, very high coal prices, not enough electricity is available and so that is the world we are currently facing and I think it complements well the points that you have raised here. We had a pleasure to have an outlook of what the future of the energy system could look like by 2050 as the world accelerates its decarbonisation by total energy and one striking factor you might be interested in is that in total energy's outlook peak oil demand is coming before 2030, nonetheless don't expect the kind of linear decrease towards a sharp fall in oil demand. Things will be not linear but probably very slow in the first coming 10 years and after we'll have an uneven decline which triggered of course question us to especially here in the region where the investments in upstream oil are still needed and just to keep basically our production steady you have to understand that to compensate the natural depletion of oil fields which is about 3% per year while you still require very heavy investment on a yearly basis just to keep oil supply flat so hence why it was stressed that continued investment into oil is important I think the discussion also touched up in the fact that we are now in the middle of two worlds right the old world and the new decarbonised world which is very still an even and uncertain nonetheless this transitional period will be accompanied of course by readjustments and whose pace etc is probably going to trigger many disbalances and obviously we will face disbalances in the oil and possibly in the gas markets in the years to come. We also touched up on how a global oil major which used to be a global oil major and which is now a global energy and responsible energy oil major is adapting and adjusting its strategy to that and total energy outlined that totaling the capex of 15 billion euros per year 50% is going to low carbon energy solution which it was quite impressive. We then moved on to discuss food security and sustainable food systems and we had a absolutely fascinating presentation and outline by the new minister for environment and climate change of the UAE, Mariam El-Marie and that was absolutely fascinating because the fundamental issue in this country is food supply security. We in Europe are used to energy supply security being a core concern but here it's food supply security and we had I think a very interesting presentation of what is this country's strategy how it has been coping with the fact that almost all its food products are imported and hence vulnerable to supply chain disruptions and the strategy I think looks extremely comprehensive with already clear advances made and some of those are based on new technologies you know the genome sequencing of seeds trying to improve water management and ensuring that water availability is enhanced using sustainable technologies and a food tech valley is being developed there is a new class of entrepreneurs agri tech entrepreneurs which are being which are developing in this country and and I think that was quite impressive and and and one of the results was that during COVID-19 here there were no food disruptions in spite of the global disruptions in in trade and value chains that we all witnessed overall food security we moved on to discuss two urgencies overall food security in the world remains a major issue we've seen a major setback in our ability to advance the SDGs globally and notably providing food for everyone on this planet and and that should remain a major issue of attention of policy makers around the world and one thing two things are sure according to the discussion we had first is you cannot have economic development stability and industrialization if the food supply security issue is not fixed point a and point b if we are to to feed a growing population in the planet obviously we have to relook into genetically modified crops and nonetheless also because one has to develop a more resilient agriculture to the number of climate changes that we are facing another burning issue but that is more your peed one nonetheless it will also increasingly concern the rest of the world is electricity security supply in times when you move more renewables into the grid and when you phase out the dispatchable power generation assets that you have that is coal that is in some countries in Europe nuclear which makes no sense from a climate point of view but from an ideological point of view obviously pleases certain people and and obviously here what is needed is a new regulation long-term price signals that are conducive to investments and business models to bring in the flexibility in the grid and here obviously there's also room for I think greater discussions not only in Europe but also with the number of countries in the world that are betting high on renewables and I think here the region could be an interesting case for that and we also had a conversation on COP26 the good news is the UAE that is hosting us this weekend is has submitted a second national determined contribution which I think deserves a lot of praise especially since we know that a number of OECD economies haven't at all done any effort beyond the NDC submission that they did in 2015 and I'm thinking here about Australia notably we discussed measures on how we could save CO2 in a hurry I think we well identified the real enemy that we are all facing and this is called and so the key message I think is really that stopping and ending coal finance is just the first step among many others that need to follow and those include starting to phase out coal-fired power generation not only in our western developed economies in Europe and Germany in the US but also especially in certain emerging economies in South Africa for example or Indonesia etc came in the discussion last point before close I think it's important to have in mind that gas is probably a transitional fuel it's largely wrongly identified as the enemy in Europe it is required for the flexibility of energy systems of course there's high prices these days but the key focus should be really on on curbing the fugitive method emissions which are very detrimental to global warming I'll end here thank you for your attention