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  • The Energy Transition: Be Idealistic! Achieve the Possible!

    21 IESE Energy Conclusions

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  • PROGRAM
  • WHO IS WHO
  • FEES
  • INDUSTRY INSIGHTS
  • PREVIOUS EDITIONS

The Energy Transition: Be Idealistic! Achieve the Possible!

  • For fast, complete decarbonization of electricity.
  • For an intense, energetic and patient commitment to the science and technology of the energy transition by considering all options based on the principle of technology neutrality.
  • For intelligent use of renewable molecules.

In contrast to the slogan of the May ‘68 protests in France “Be realistic! Demand the impossible!,” there is an urgent need to apply an idealistic approach to what is possible as thoroughly and quickly as we can in order to avoid the pessimism and frustration of the impossible. Because deep-seated tensions are brewing.

The cruel invasion of Ukraine has stirred up many neglected emotions. We read with perplexity that reform-minded Macron has called for a regulatory pause. In the same week last May, President von der Leyen, who had always been a strong supporter of the EU’s green agenda, said that attention should be paid to the capacity to absorb the new measures. Meanwhile, a new political party, BBB, a farmer-citizen group, suddenly came to the forefront in the Netherlands by becoming the most voted party. This coincided with the protests of the Yellow Vests in neighboring France.

Looking further afield, we saw India’s energy minister calling for the prioritization of growth (i.e., reducing poverty) over decarbonization. India also planned to imitate the practices of China, which have made the country responsible for approximately 30% of emissions. In this context, the BRICS countries now account for 50% of emissions compared to approximately 30% by the OECD countries. However, these figures would look different if we examined our responsibility for cumulative carbon emissions in the atmosphere.

Moreover, the security of each link in the value chain of competitive primary energy supply, critical raw materials and technologies in use is once again of primary importance. They are now being brandished as a sign of strategic power. All this is eroding the framework of trust in the value chains and their planetary logistics routes, which used to be held up by sound agreements in support of multilateralism. The world map is once again divided into blocs of many different colors.

The location of mines of critical raw materials, the refineries where they are processed and the plants where technology goods are manufactured have suddenly become highly relevant. Along these lines, The United States’ recent Inflation Reduction Act (IRA) and current discussions in Australia on how to control the industry of critical materials processing highlight the new concerns that will certainly delay and increase the cost of the colossal transformation involved in the decarbonization of society.

However, the relevant provision of global public goods such as peace, health, food security, prosperity leading to the elimination of poverty, and decarbonization will not be possible without multilateral cooperation among sovereign states.

How should these movements be interpreted in Europe, where public opinion is so decisive when it comes to legitimizing political action? Initiative, power and the economy have always been delicate matters and the essential ingredients of any government of citizens. For these subjects with dignity, rights and obligations, the pendulum of power has always swung between the idealistic opportunity of achieving the impossible and the art of doing what is possible. Although this second option almost always lacks epic, lyrical appeal, when it is implemented with realistic ambition, it can achieve historic heights of social progress while avoiding the convulsions engendered by frustration with the unattainable. When doubts arise, finding inspiration in the nearly 30 centuries of Pharaonic Egyptian history is highly recommended.

We should therefore make a distinction between the goals (besides the necessary and urgent ones) that can be considered achievable and the ones that are unfortunately not currently achievable, either because the enabling technologies are not available (2022 update of the IEA’s Tracking Clean Energy Progress) or, as in other cases, due to the sovereign decision of states.

Having reached this point, by making use of all the technological options available, based on the principle of technology neutrality, and by working smart at a steady pace, let’s take a cold hard look at the priorities that should form part of the idealism of the possible.

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PROGRAM

Tuesday, February 20, 2024 – IESE Campus and Live Online

14:45-15:15 Registration of participants
15:15-15:45 Opening

• Prof. Juan Luis López Cardenete, Academic Director of the Meeting, IESE Business School
• Oliverio Álvarez, Co-organizer of the Meeting, Partner Responsible for Energy and Resources, Deloitte Spain
• Cristina Lobillo Borrero, Director of the EU Energy Platform and International Relations, DG ENERGY (online)

15:45-16:55 Electricity: For the rapid, comprehensive decarbonization of electricity with greater competitiveness and sovereignty.

• Pedro Linares, Professor, ETS-ICAI, Universidad Pontificia Comillas
• Ana Paula Marqués, CEO, EDP Spain
• Rafael Mateo, CEO, ACCIONA Energía
• Loreto Ordoñez, CEO, Engie Spain
• Mario Ruíz-Tagle, CEO, Iberdrola España

Moderator: Prof. Juan Luis López Cardenete, IESE Business School

16:55-17:25 Coffee break
17:25:-17:55 Interview

• Ana Palacio, Former Minister of Foreign Affairs for Spain and visiting professor at Edmund Walsh School of Georgetown University

Moderator: Prof. Juan Luis López Cardenete, IESE Business School

17:55:-18:40 Efficiency: How energy efficiency and energy intensity are contributing to the ET.

• Iñigo Bertrand, CEO, Edison Next
• Blanca Losada, President, Fortia Energía
• Javier Saénz de Jubera, President, TotalEnergies Electricidad and Gas Spain

Moderator:  José María Calvo-Sotelo, Associate Professor of Decarbonization, IE Business School

18:40-19:25 Technology: Nuclear fusion and nuclear fission in the 30-year outlook.

• Sehila Gonzalez de Vicente, Global Director, Fusion Energy (CATF)
• Umberto Dotta, Head of Transformation Nuclear & Thermal Fleet
• Claudio Aranzadi, former Minister of Industry and Energy

Moderator: Florentino Portero, Senior International Policy Analyst, CIVISMO Foundation

19:25-20:25 Regulatory predictability, administrative simplicity and legal certainty.

• Mariano Bacigalupo, Professor of Energy Law at UNED
• Vicente López-Ibor, President, European Federation of Energy Law Associations (EFELA), President, EJI López-Ibor Mayor
• Marina Serrano, President, Aelec

Moderator: José María Elias de Tejada, Deloitte Spain

Wednesday, February 21, 2024

08:30-09:00 Registration of participants 
09:00-09:40 Opening

• Prof. Juan Luis López Cardenete, Academic Director of the Meeting, IESE Business School
• Oliverio Álvarez, Co-organizer of the Meeting, Partner Responsible for Energy and Resources, Deloitte Spain
• Rocío Prieto González, Director of Energy, CNMC

09:40-10:50 Markets: The pressing need to develop long-term markets.

• Carmen Becerril, President, OMI Group
• José Casas, General Director, Institutional Relations and Regulation, Endesa
• José Luis Gil, Director of Regulation, Naturgy
• Raul Yunta, President, MIBGAS

Speaker and moderator: Laureano Álvarez, Deloitte Spain

10:50-11:20 Coffee break
11:20-12:30 Renewable energy, industry and overland transport: When will industry and overland transport be decarbonized? The policies and technologies that are driving the process.

• Luis Cabra, EMD Energy Transition, Technology, Institutional Affairs & Deputy CEO, Repsol
• Agustín Delgado, Innovation, Sustainability and Quality Director, Iberdrola
• Andrés Guevara, President, bp Energía España and Senior Vicepresident Strategic Corporates and Partnerships, bp group
• José Lopez-Tafall, Director General, ANFAC

Moderator: Prof. Massimo Maoret, IESE Business School

12:30-13:30 Geopolitics: The EU: between eagles and dragons*.

• Alicia García Herrero, Chief Economist for Asia Pacific, Natixis
• Emilio Lamo de Espinosa, Catedrático Emérito de Sociología, Real Academia de Ciencias Morales y Políticas

Moderator: John Müller, ABC Journalist

13:30-14:50 International rivalry over attracting investors.

• Juan Caño, Managing Director, MACQUARIE
• Lluís Noguera, Global Head of Renewables Development, Brookfield & CEO, X-Elio
• Alejandro Seco, Founding Partner & CEO, Ithaka Partners

Speaker and moderator: Jaume Pujol, Deloitte Spain

15:00-16:10 Lunch
16:10-17:20 National Integrated Energy and Climate Plan (PNIEC): Networks and storage

• Luis Atienza, President, Grupo Argo Capital
• Roberto García Merino, CEO, REDEIA
• Jorge Lanza, Managing Director, Exolum

Moderator: Oliverio Álvarez, Deloitte Spain

17:20-18:30 Difficult-to-decarbonize sectors: Hydrogen, renewable gases and CCS.

• Javier Contreras, Managing Director, Nortegas
• Vicente Cortés Galeano, Professor and President, Inerco Corporation
• Nemesio Fernández-Cuesta, Chairman of the Energy Transition Group, Alantra Partners
• Pedro Antonio Merino, Repsol

Moderator: Ana Sánchez Palacios, Deloitte Spain

18:30 Closing

• Prof. Juan Luis López Cardenete, IESE Business School
• Oliverio Álvarez, Partner, Deloitte Spain
• Gerardo Cuerva, Chairman of CEPYME

* Title inspired by the book by Emilio Lamo de Espinosa

Who is Who

Prof. Juan Luis López Cardenete
https://www.iese.edu/faculty-research/faculty/juan-luis-lopez-cardenete/

Prof. Juan Luis López Cardenete

IESE Business School

Academic Director of the Meeting

Industry Meetings
Oliverio Álvarez

Oliverio Álvarez

Partner Responsible for Energy and Resources, Deloitte Spain

Co-organizer of the Meeting

Industry Meetings
Laureano Álvarez

Laureano Álvarez

Deloitte Spain

Speaker and moderator

Industry Meetings
Claudio Aranzadi

Claudio Aranzadi

Former Minister of Industry and Energy

Speaker

Industry Meetings
Luis Atienza

Luis Atienza

President, Grupo Argo Capital

Speaker

Industry Meetings
Mariano Bacigalupo

Mariano Bacigalupo

Professor of Energy Law at UNED

Speaker

Industry Meetings
Carmen Becerril

Carmen Becerril

President, OMI Group

Speaker

Industry Meetings
Íñigo Bertrand

Íñigo Bertrand

CEO, Edison Next

Speaker

Industry Meetings
Luis Cabra

Luis Cabra

EMD Energy Transition, Technology, Institutional Affairs & Deputy CEO, Repsol

Speaker

Industry Meetings
José María Calvo-Sotelo

José María Calvo-Sotelo

Associate Professor of Decarbonization, IE Business School

Moderator

Industry Meetings
Juan Caño

Juan Caño

Managing Director, MACQUARIE

Speaker

Industry Meetings
José Casas

José Casas

General Director of Institutional Relations and Regulation, Endesa

Speaker

Industry Meetings
Javier Contreras

Javier Contreras

Managing Director, Nortegas

Speaker

Industry Meetings
Vicente Cortés Galeano

Vicente Cortés Galeano

Professor and President, Inerco Corporación

Speaker

Industry Meetings
Gerardo Cuerva

Gerardo Cuerva

Chairman of CEPYME

Speaker

Industry Meetings
Agustín Delgado

Agustín Delgado

Innovation, Sustainability and Quality Director, Iberdrola

Speaker

Industry Meetings
Umberto Dotta

Umberto Dotta

Head of Transformation Nuclear & Thermal Fleet

Speaker

Industry Meetings
José María Elias de Tejada

José María Elias de Tejada

Deloitte Spain

Moderator

Industry Meetings
Nemesio Fernández-Cuesta

Nemesio Fernández-Cuesta

Chairman of the Energy Transition Group, Alantra Partners

Speaker

Industry Meetings
Alicia García Herrero

Alicia García Herrero

Chief Economist for Asia Pacific, Natixis

Speaker

Industry Meetings
Roberto García Merino

Roberto García Merino

CEO, REDEIA

Speaker

Industry Meetings
José Luis Gil

José Luis Gil

Director of Regulation, Naturgy

Speaker

Industry Meetings
Sehila Gonzalez de Vicente

Sehila Gonzalez de Vicente

Global Director, Fusion Energy (CATF)

Speaker

Industry Meetings
Andrés Guevara

Andrés Guevara

Presidente, bp Energía España and Senior Vicepresident Strategic Corporates and Partnerships, bp group

Speaker

Industry Meetings
Emilio Lamo de Espinosa

Emilio Lamo de Espinosa

Catedrático Emérito de Sociología, Real Academia de Ciencias Morales y Políticas

Speaker

Industry Meetings
Jorge Lanza

Jorge Lanza

Managing Director, Exolum

Speaker

Industry Meetings
Pedro Linares

Pedro Linares

Professor, ETS-ICAI, Universidad Pontificia Comillas

Speaker

Industry Meetings
Cristina Lobillo Borrero

Cristina Lobillo Borrero

Director of the EU Energy Platform and International Relations, DG ENERGY

Speaker

Industry Meetings
Vicente López-Ibor

Vicente López-Ibor

Presidente, European Federation of Energy Law Associations (EFELA), President, EJI López-Ibor Mayor

Speaker

Industry Meetings
José Lopez-Tafall

José Lopez-Tafall

Director General, ANFAC

Speaker

Industry Meetings
Blanca Losada

Blanca Losada

President, Fortia Energía

Speaker

Industry Meetings
Prof. Massimo Maoret
https://www.iese.edu/faculty-research/faculty/massimo-maoret/

Prof. Massimo Maoret

IESE Business School

Moderator

Industry Meetings
Ana Paula Marqués

Ana Paula Marqués

CEO, EDP Spain

Speaker

Industry Meetings
Rafael Mateo

Rafael Mateo

CEO, ACCIONA Energía

Speaker

Industry Meetings
Pedro Antonio Merino

Pedro Antonio Merino

Repsol

Speaker

Industry Meetings
John Müller

John Müller

ABC Journalist

Speaker

Industry Meetings
Lluís Noguera

Lluís Noguera

Global Head of Renewables Development, Brookfield & CEO, X-Elio

Speaker

Industry Meetings
Loreto Ordóñez

Loreto Ordóñez

CEO, Engie Spain

Speaker

Industry Meetings
Ana Palacio

Ana Palacio

Former Minister of Foreign Affairs for Spain and visiting professor at Edmund Walsh School, Georgetown University

Speaker

Industry Meetings
Florentino Portero

Florentino Portero

Senior International Policy Analyst, CIVISMO Foundation

Moderator

Industry Meetings
Rocío Prieto González

Rocío Prieto González

Director of Energy, CNMC

Speaker

Industry Meetings
Jaume Pujol

Jaume Pujol

Deloitte Spain

Speaker and moderator

Industry Meetings
Mario Ruiz-Tagle

Mario Ruiz-Tagle

CEO, Iberdrola España

Speaker

Industry Meetings
Javier Sáenz de Jubera

Javier Sáenz de Jubera

President, TotalEnergies Electricidad y Gas España

Speaker

Industry Meetings
Ana Sánchez Palacios

Ana Sánchez Palacios

Deloitte Spain

Moderator

Industry Meetings
Alejandro Seco

Alejandro Seco

Founding Partner & CEO, Ithaka Partners

Speaker

Industry Meetings
Marina Serrano

Marina Serrano

President, Aelec

Speaker

Industry Meetings
Raul Yunta

Raul Yunta

President, MIBGAS

Speaker

Industry Meetings

Fees

The 21 IESE Energy Meeting will be held on IESE’s new campus in Madrid

The fees for this meeting:

GENERAL FEES

On Campus: € 1,000
Online: € 400

ALUMNI FEES

On Campus: € 900
Online: € 400

MEMBER FEES

On Campus: € 700
Online: Free

10% discount

If you want to benefit from a 10% discount,
send an email to cescobar@iese.edu

Register On Campus Register Online

Industry Insights

2024 – The Energy Transition: Be Idealistic! Achieve the Possible!

2023 – Let’s Save the Energy Transition – It’s in Danger!

2022 – Energy Transition: Towards a Holistic Strategy

2020 – An Industry in Transition

2018 – Game Changers in the Global Energy System

Download in Spanish

2017 – Reflectations on the Paris Agreement, the Energy Transition and Mitigation Policies

Download in Spanish

Previous Editions

2023 · Let’s Save the Energy Transition – It’s in Danger!
2022 · Energy Transition: Towards a Holistic Strategy
2021 · The post-COVID Energy Transition: same goals, different policies
2020 · An Industry in Transition
2019 · Dimensions for an Effective Energy Transition
2018 · Game changers in the Global Energy System
2017 · Energy Architecture in Transition
2016 · Human Well-being, Growth and Energy Access: New Governance for a Unique Challenge
2015 · The Future of Energy: Who Calls the Shots?
2014 · Quo Vadis, Europe? Shedding Light on an Energy Policy beyond the Electrical Sector Reform
2013 · A New Energy Policy as a Global Paradigm Shift Emerges
2011 · The Impact of the Energy Policy on the Sector’s Competitiveness
2009 · A Debate on the Spanish Energy Sector
2004 · Energy Liberalization and Consolidation in Europe
2002 · A Shift Towards the Convergence of Energy Markets
2000 · Mergers and Strategic Alliances: The Creation and Conquest of the Future

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