This presentation was made by Mr. James Simpson from the International Energy Agency (IEA). He noted that in a global view, the energy map is changing, and that will affect more than just energy economics and pricing. For most European consumers, energy prices have remained stubbornly high, acting as a brake on economic recovery. Also, persistent symptoms of an unsustainable energy system can be seen, particularly with regard to climate change. That means that all are facing critical choices in reconciling energy, environmental & economic objectives.