HE President urges climate change

Advertisement

Speaking prior to two key events on the global energy calendar – The United Nations Climate Change Conference in Copenhagen and the 2010 World Future Energy Summit in Abu Dhabi – Mohamed Nasheed, President of the Maldives, has called for massive investments in renewable energy and green technologies to address the critical issue of climate change.

In a statement to government, industry and the world’s public, Nasheed warned of the dangers to all countries if the world continues along its current path of ’business as usual.’

Nasheed, who will speak at the 2010 World Future Energy Summit in January, said: “We must ensure that solid outcomes come from these two critical events. We need to build the green economy of the future by jettisoning fossil fuels and embracing renewable energy.

“Climate change not only threatens frontline states such as the Maldives; it threatens us all. It is therefore everyone’s responsibility. I urge everyone; governments, businesses and the global public to act now.”

The Maldives President has long been an advocate of renewable energy, recently announcing plans to make the Indian Ocean islands carbon-neutral within a decade.

The Maldives Government aims to eliminate the use of fossil fuels by 2020, with plans for renewable generation of electricity and a new transmission infrastructure, including wind turbines, rooftop solar panels and biomass plants. The move will require significant investment and support from developed nations across the globe.

President Nasheed recently wrote on the United Nations website that climate change is the 21st century’s greatest human rights issue and security challenge.

Nasheed goes on to state that developed countries, with funds and technological expertise at their disposal, must lead the way in slashing emissions and embracing green growth.

But if the world is to avoid catastrophic climate change, he writes, it is clear that developing countries must also halt emissions growth, including the phasing out of coal power and immediate reductions in tropical deforestation.

One of the key measurements of success at the Copenhagen United Nations Climate Change Conference will be the agreement of financial commitments from developed countries to the developing world.

According to European Commission, this subsidy amounts to US$150 billion per year up to 2020. But developing economies have requested as much as US$400 billion per year to address climate change.

For countries such as the Maldives access to capital and technology is crucial in order to implement renewable energy strategies.

The challenge of realising sustainable energy supply will be a key topic at the World Future Energy Summit 2010. Six plenary forums will address the most urgent questions related to world energy policy and achieving a viable renewable energy industry.

Discussing the main outcomes and implications of the United Nations Climate Change Conference in Copenhagen in December will also be high on the agenda.

– ENDS –

About WFES:

The 3rd edition of the World Future Energy Summit will be held from 18-21 January 2010, hosted by MASDAR, at the Abu Dhabi National Exhibition Centre under the patronage of HH General Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces

World Leaders, Policy Makers, Experts and Investors from 100 countries will meet in Abu Dhabi to identify real solutions for today’s climate change and energy challenges. Over 600 exhibitors from 50 countries will be exhibiting at the World Future Energy and Environment Exhibitions on a total space of 40,000sqm offering an unrivalled business and networking opportunities to over 20,000 attendees expected to visit the summit and the exhibition.

Deutsche Bank Climate Change Advisors is the principal sponsor of WFES 2010. Emirates Aluminium is Associate Sponsor, and Platinum Sponsors include BP Alternative Energy, Standard Chartered, Abu Dhabi Water and Electricity Authority, Exxon Mobile, ABB, Oxy and the Abu Dhabi Department of Municipality Affairs.

For more information on the programme or to register, visit www.worldfutureenergysummit.com

About DBCCA:

DB Climate Change Advisors group (DBCCA) is the institutional and alternatives investment management business of Deutsche Asset Management, managing assets of institutional investors and high net worth individuals. DeAM is one of the leading climate change investors in the world, with approximately $4 billion under management as of March 2009. With a world-class in-house research team focusing on this theme, DeAM is an investment industry thought-leader on a broad range of climate change dynamics.

In June 2009, DBCCA launched the world’s first scientifically valid, real-time carbon counter, a nearly 70-foot-tall digital billboard displaying the running total of long-lived greenhouse gases in the atmosphere in New York. The Carbon Counter Number is available 24 hours a day at http://www.know-the-number.com and updates are available at ttp://twitter.com/knowthenumber

For more information:

James Hawksworth

Sr. Account Director

Asda’a – Burson Marsteller

Tel. +971 2 6334133

Fax +971 2 6334137

Email: j.hawksworth@asdaa.com

Announcement from our Chairman, David C BarclayThe World Renewable Energy Association are delighted to announce the launch of a brand-new initiative exclusively for its members. The Renewable Energy Finance Hub has been launched following the largest survey undertaken with UK businesses conducted by WoREA in conjunction with the UK Government and its partners. Reduce your businesses carbon footprint today and begin your journey towards net zero!