Almost 20 South Korean exhibitors to participate at Abu Dhabi’s World Future Energy Summit
Abu Dhabi, January 12, 2010 – Organisers of the World Future Energy Summit have confirmed South Korea’s future energy blueprint will be presented by Kim Young Hak, Vice Minister for Trade and Energy, the Ministry of Knowledge Economy, on the first day of the event in Abu Dhabi.
The South Korean Minister has confirmed his participation in the upcoming Summit, and will be a keynote speaker in the Energy Ministers’ panel on January 18th.
Yong-Chil Chung, Ambassador of the Republic of Korea said: “Korea is emerging as a leader of green growth. We are very happy to participate in the World Future Energy Summit and hope that this event will open the door to substantial green initiatives and projects.”
The World Future Energy Summit, now in its third year, is witnessing unprecedented Korean participation with many of Korea’s leading companies including DAE Shin Demister, Jusung Engineering Co. Ltd, Doosan Heavy Industries & Construction, Hyundai-Kai Company, Korea Institute of Energy, Technology Evaluation and Planning (KETEP), and Posco Power among others.
The South Korean government is committed to securing new sources of energy, and recently announced that they will be spending 50 trillion won ($38 billion) over the next four years in a “Green New Deal”. The project which is endorsed by the Ministry of Strategy and Finance includes recycling, carbon reduction, energy conservation, flood prevention, river management and maintaining forest resources.  This ambitious initiative is intended to spur economic growth and create more than 956,000 jobs.
South Korea is also planning to increase the proportion of power generation sourced from renewable energy from 1.0 percent presently to 1.7 percent by 2011. This target will be achieved through a five-fold increase in green energy investments by the country’s nine state-owned energy companies.
The World Future Energy Summit Energy Ministers’ panel discussion will be attended by Ministers coming from developing and developed countries, to discuss the challenge of balancing energy demand and sustaining economic development versus meeting environmental realities.
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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 additional Sponsors include BP Alternative Energy, Standard Chartered, Siemens, Schneider Electric, Exxon Mobil, ABB, Abu Dhabi Water and Electricity Authority, Oxy, the Abu Dhabi Department of Municipality Affairs and Terna.
For more information on the programme or to register, visit www.worldfutureenergysummit.com
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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