The transition towards a new energy model, necessary to slow down climate change, will generate business opportunities.

The frenzied demand for energy will call for the implementation of drastic measures in governments and societies to prevent global collapse. Climate change is the most striking impact and solutions include the promotion of renewable energies and a change in consumer habits. The transition towards anew energy model will generate new business opportunities linked to the development of new technologies. These conclusions emerge from the report submitted last 25 January at La Comercial faculty, carried out by the ?Future Trends Forum? (FTF), and developed by Bankinter Foundation for Innovation. Opinion leaders worldwide and experts in energy and environmental issues have taken part in this project.

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25 January 2007

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The current trend of frenzied demand for energy seems bound to continue in decades to come, as a result of the increasingly prominent roleof developing countries. This will give rise to tensions in the offer regarding both supply and the pollution that this increase in consumption may cause,whose climate impactscan already be discerned. The challenge we are faced with will make it inevitable in the short term to move towards greater energy efficiency, drastic changes in consumption, social awareness of this challenge, companies? firm commitment to search for technological innovations that may result in radical changes in this regard. And, above all, the direct involvement of governments, which may lead to promote the transition towards overcoming this challenge.

These are some of the conclusions that emerge from the last publication by Bankinter Foundation for Innovation, 'Energía: El Desafío de la demanda', which were publicly presented last 25 January at the Faculty of Economics and Business Administration, La Comercial, at the University of Deusto.This has been selected by this forum to this end as reference institution in the Basque Country. This presentation will be given by Luis Atienza, Chairman of Red Eléctrica de España.