Transition to a low-carbon economy has moved into the mainstream
Kevin Parker, Global Head of Deutsche Bank’s Asset Management division, will emphasize the need for governments to establish regulatory and policy frameworks that provide transparency, longevity and certainty – TLC – to climate change investors. Parker will deliver his views in a keynote speech at the upcoming World Future Energy Summit in Abu Dhabi. He will also say that governments must create a system for setting a reliable carbon price in order to enable fair pricing of renewable energies against fossil fuels. He will detail the extremely attractive investment potential that new renewable energy markets, products and industries present.
Transition to a low-carbon economy has moved into the mainstream and now sits at the centre of most government strategies for both energy and industrial renewal. This transition presents tremendous value creation opportunities, and opens the doors to a huge investment opportunity for new markets, products and industries, according to Parker.
Parker commented, “The biggest immediate challenge to achieving a low-carbon global economy is to create the regulatory conditions that will make it happen. A key step has to be a long-term carbon framework that will establish a reliable price for carbon. This will enable renewable energies to be priced fairly against fossil fuels.”
Participants at the World Future Energy Summit, will join Parker as he discusses the estimated market size for renewable energy, and the financial viability of existing technologies.
Parker added, “A carbon price alone will not get us where we need to go unless it is supported by comprehensive regulation that will encourage and facilitate new sources of clean energy. Governments must create these systems of regulation, which require massive political commitment to a policy of fighting climate change. Feed-in tariffs and rules to make sure renewable energy providers can link easily into the grid are essential to stimulate more active investment in alternative energies. Renewable energy is clearly a key target for investors, and successful technologies will undoubtedly produce massive rewards for investors.”
The International Energy Agency estimates that up to $35 trillion dollars will be required by 2030 to mitigate climate change. This is an enormous challenge to private investment that opens at the same time, the room for massive capital investment.
The World Future Energy Summit 2010 represents one of the most prominent meetings of influential figures from the renewable energy industry. Topics will cover the environmental and political pressures on future energy supply in the context of increasing demand as well as calculating the true value of the renewables market. ‘Future Climate Investment Structure’ together with a ‘Panel on government and private sector success criteria for project finance in sustainable energy’ will be part of the summit discussions.
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The World Future Energy Summit is held annually in Abu Dhabi, the capital of the United Arab Emirates, under the patronage of H.H. General Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Summit is hosted by Masdar, Abu Dhabi’s multi-faceted future energy initiative, and is organised by Reed Exhibitions, the world’s largest events organiser, together with Elsevier, the leading publishers of science information.
Together, the Summit and the concurrent World Future Energy and World Future Environment Exhibitions form one of the world’s must-attend events in future energy and an outstanding networking and business opportunity for the energy and environment communities.
WFES 2009 attracted more than 600 exhibitors, 144 official delegations, more than 18,000 visitors from 84 countries, and 1,124 conference delegates. The third edition of WFES will be held in Abu Dhabi from January 18-21, 2010.
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, Oxy and the Abu Dhabi Department of Municipality Affairs.
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
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