 Ok, we may start now. Thank you for being here for this session on energy and environment. During the different sessions of this WPC, the huge importance of energy and environment has been highlighted several times. In fact, in times of multiple crises, this workshop today will discuss the opportunities and challenges to achieve the goals of energy security, sustainability affordability, acceptability and resilience from the perspective of different geographic shareholders, maps out credible and realistic pathway through this most demanding period. So, around the table, there is a wonderful panel to cover all the dimensions of the energy and environment challenges. And so, I will give the floor to the different panelists for 10 minutes. After each presentation, I suggest to have some Q&A session, a short Q&A session focusing on the specific content of the presentation. And at the end, we will have time for a general debate between the panelists and the audience. So, it's my privilege to start by presenting my views on the present situation of the energy sector. And clearly, after COVID crisis in 2020, the energy sector has been faced in 2021 to an unprecedented crisis and to the consequences of the Ukrainian conflict for the last 18 months. So, the growth of the energy price had a major impact on inflation worldwide. This slide presents the percentage of countries with an annual inflation greater than 6%. Most of the countries in the world have been faced with an economic shock similar to what we experienced during the oil shocks of 1973 and 1979. Oil price increased rapidly at the beginning of the year from 80 to 120 dollars per barrel due to the uncertainties linked to the Ukrainian conflict. This growth was mitigated by the possible impact of the crisis on the world economy. For the last months, the price went back to the pre-crisis level, so the impact of oil on the inflation is rather limited. Gas electricity market, more specifically in Europe, has been faced to a first crisis in 2021 due to the market design followed by the consequences of the Ukrainian crisis in 2022. The prices of gas increased from 9 euros per megawatt hour in 2020 to 47 euros per megawatt hour in 2021. Then, the uncertainty on the availability of Russian gas pushed up the price to 125 euros per megawatt hour in 2022, with peaks at 240 in August. In the US, the gas market was more volatile than during the previous years, but the gas price rarely exceeded 20 dollars per megawatt hour, and today the price in the US is five times lower than in Europe. The price of electricity followed the price of gas, 113 euros per megawatt hour in 2021, 297 in 2022 compared to the average price in 2020 at 35 euros per megawatt hour. The impact on the energy spending in Europe is huge. 1,200 billion euros in 2022 compared to 580 in 2021 and only 310 in 2020, which represents 8% of the European GDP in 2022, compared to 4% in 2021 and only 2.2% in 2020. Rapidly after the Russian invasion, the European countries and the EU Commission took measures. An embargo on the Russian coal was decided on April 8 and later on June 6, and these measures have been taken also in most of the developed countries in the world. An ambitious energy plan has been decided to repower the EU in order to cope with the dependence of EU countries from Russian supplies. Most of the countries took measures in order to reduce the impact of the price increase on the final consumer or to promote energy sobriety. A decision was taken at EU level to set up a cap on the price of Russian oil and gas, and I remind that in June 2022 the US government launched a massive plan of $400 billion in order to sustain US economy, the Inflation Reduction Act. As a result of these measures taken in Europe and in many other countries, the OECD imports of Russian oil dropped by 50%, 2.5 million baris per day. However, this drop has been largely compensated by Russian oil exports to non-OECD countries, especially China and India. In one year, Indian imports of Russian oil has been increased by a factor of 10%. Russian export to EU by pipeline dropped from 10 BCM in March 2022 to 1.5 BCM in December, and at the same time Russian LNG exports increased significantly. At the end of 2022, the share of Russia in the EU gas imports is only 10%. Immediately after the first embargo measures, the price of Russian oil dropped by 30% in order to find consumers. In fact, Russia was obliged to reduce the price in order to increase its export towards non-OECD countries. We should not forget the major event which happened just a year ago, the sabotage of the gas pipe North Rim 1 and 2, despite we are playing a major role on the gas supply of Germany. On the 26th of September 2022, several explosions destroyed the gas pipe of the Danish coast. It is the first time that such a vital infrastructure is attacked in a peace zone. Who is responsible of such sabotage? There is no clear evidence, however, the clear winner of this sabotage is the US. If such an infrastructure may be attacked during a peace time, what are the implications on all the vital infrastructure we rely on? Both energy telecommunication. The recent attack of the Baltic connector from Finland to Estonia may be another warning call. Some key figures, Russian revenues from energy dropped significantly. The share of Russia on the EU gas supply was reduced from 40% to 10%. EU investment in renewable energy and heat pumps increased by 40%. The electric vehicle markets increased by 15%. And the EU CO2 emissions were reduced by 2.5%. So in a nutshell countries, the European countries are the guest losers of this major energy crisis we are faced at. This will have a significant impact on our economies and clearly the US are the winners. As far as Russia is concerned, the impact on its economy is rather limited on the short term. However, on the longer term, Russia will have difficulties to compensate its European outlets. For the last few weeks, the dramatic conflict between Israel and the Amas is bringing a new dimension to the world energy crisis. But for the time being, we didn't see an evidence of what could happen due to this new crisis. So this is the scene I wanted to describe. And before I leave the floor to the different panelists, are there some questions to ask or some comments? Just a brief question regarding Indian exports to Europe. Do we have numbers regarding how much Indian exports to Europe have increased? That would be interesting to see how much of the gap India and China actually feel that, you know, the void that was left by Russia. Yes, yes, yes, yes. Okay, great, thank you. But as far as oil is concerned, nobody knows exactly where the oil is going. But clearly, the imports of Russian oil over India has been increased by a factor of 10. That's another story. Yes, please. Thank you so much. Jana Borce from Romania. Thank you so much for a great presentation. But you didn't mention nuclear, the energy from nuclear, which, you know, we know that France has such a great tradition. Romania has such a great tradition. And we are actually working very closely together at the EU level. And we all know that the energy from nuclear is one of the cleanest, affordable and more reliable sources of energy. So maybe in your presentation, you might want to consider to add that part as well. And maybe later on we can, during the debate, I could intervene in a more elaborative way. Thank you. Don't understand on my presentation that I underestimate the role of nuclear, but I was focusing on a world, an energy world in a deep crisis. And if I would have, unfortunately, if I would raise the flag of a problem of nuclear, it is the availability of nuclear in Europe, which in France, which have been reduced dramatically due maintenance issues due to the COVID and also due to technical problems. Fortunately, we are out of this situation. But in August 2022, for the first time in 30 years, France was a net importer of electricity. But clearly now I think there is an increasing consensus in France and in Europe in order to develop the nuclear energy, to base the energy transition on nuclear. And there is also within European countries an increasing consensus. But there are also some countries strongly opposed to nuclear energy. You know what I mean. Olivier, it was not a bad technique. It was new norms. The reason why nuclear power plants were closed in France was mainly for nomadic reasons rather than bad technology. It's important to say. You may afterwards ask a question. So, no.