1. The Importance of the IEA-Russia Energy Dialogue Joint IEA-Federal Tariff Service Workshop IEA, Paris, 27-28 May 2010 Mr. Nobuo Tanaka Executive Director International Energy Agency © OECD/IEA - 2010

2. Efficiency measures account for 2/3 of the 3.8Gt abatement in 2020, with renewables contributing to 1/5. With substantial abatement potential outside the OECD+ region, financing will hold a key to the energy sector meeting a carbon-constrained trajectory. 26 28 30 32 34 36 38 40 42 20072015202020252030 450 Scenario Reference Scenario Gt Efficiency – 57% Renewables/ Biofuels – 23% Nuclear – 10% CCS – 10% OECD+ Other Major Economies Other Countries Efficiency – 45% Renewables/ Biofuels – 21% Nuclear – 13% CCS – 20% Efficiency – 67% Renewables/ Biofuels – 19% Nuclear– 8% CCS – 6% Efficiency – 55% Renewables/ Biofuels – 34% Nuclear – 9% 3.8 Gt 13.8 Gt WorldBy region 7 World abatement of energy-related CO 2 emissions in a Carbon-constrained outlook World abatement of energy-related CO 2 emissions in a Carbon-constrained outlook © OECD/IEA - 2010

3. End-use efficiency, renewables and nuclear account for most CO 2 abatement in 2020 relative to the Reference Scenario, with CCS subsequently also playing a key role 1.2 1.4 1.6 1.8 2.0 20072015202020252030 Gt 450 Scenario Reference Scenario Efficiency 48 308 51153 End-use 47 305 48 153 Power plants 1 3 3 0 Renewables 47 190 7 89 Biofuels 1 20 1 Nuclear 31 33 0 0 CCS 7 593 25 AbatementInvestment (Mt CO 2 )($2008 billion) 20202030 2010- 2020 2021- 2030 Russia energy-related CO 2 emissions abatement, relative to Reference Scenario Russia energy-related CO 2 emissions abatement, relative to Reference Scenario © OECD/IEA - 2010

4. © OECD/IEA - 2009 Fossil fuel subsidies – by country and as a share of GDP, 2008 Global subsidized consumption of fossil fuels amounted to US$ 557 billion in 2008. Of the countries surveyed this represents 2.1% of GDP (PPP) on average

5. © OECD/IEA - 2009 World abatement of energy-related CO 2 emissions Although the savings are not strictly cumulative, the Copenhagen Accord and the G-20 commitment to phase out subsidies are complementary steps towards the 450 Scenario 26 28 30 32 34 36 38 40 42 200720102015202020252030 Gt 450 Scenario Subsidy phase out 3.8 Gt 13.8 Gt Reference Scenario 450 Scenario Current Pledges Reference Scenario Copenhagen Accord