Monday, April 15, 2013

Energy forum begins today

(Staff Report) / 15 April 2013
The second session of the Dubai Global Energy Forum starts today, under the theme ‘Clean Energy for Sustainable Development.’

Held under the patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and organized by the Dubai Supreme Council of Energy, the Forum runs until Wednesday at the Dubai International Convention and Exhibition Centre (DICEC).
The forum will be launched with an opening ceremony in the presence of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Shaikh Ahmed bin Saeed Al Maktoum, Chairman of the Supreme Council; Saeed Mohammed Al Tayer, Vice- Chairman of the Supreme Council; senior government officials, key industry representatives and a large number of journalists, alongside members of the general public.
Speaking on the eve of the event, Minister of Environment and Water Rashid Ahmed bin Fahad said that the UAE had taken significant strides towards its strategic objective of diversification of energy sources. “Diversifying sources of energy by developing new clean, renewable energy sources is a remarkable success to the UAE, which last month inaugurated the UAE’s first solar power plant and the world’s largest concentrated solar power plant [Shams 1], which cost $600 million to build and will provide electricity to 20,000 homes. The UAE is also bracing for launching the first phase of the Mohammed bin Rashid Solar Power Park as part of Dubai’s integrated energy strategy.”
Bin Fahad revealed that the UAE will be able to meet over 25 per cent of its demand for power from non-conventional energy sources by the end of the current decade.
He noted that increasing the share of clean renewables in the UAE energy mix is part of the national integrated energy vision aimed at sustaining energy resources, promoting the UAE’s position in the regional and international energy industry and increasing its contribution to finding creative solutions to pressing environmental issues in connection to the production and use of energy like air pollution and climate change.
The high profile energy forum is expected to attract several senior government officials, and key industry representatives, researchers and experts. It will cover a number of key tracks and topics over the next few days that focus on sustainable development.
Day two of forum will discuss policies, regulations and clean energy sources, with industry leaders highlighting the need for policy controls that support the use of clean energy and sustainable green technologies. It will also discuss the role of governments in creating supportive regulatory frameworks to encourage private investment in the sector, and how to integrate financing mechanisms for green projects.