Britain, Abu Dhabi Sign Clean Energy Agreement 6th November 2008
Britain has teamed with the Gulf state of Abu Dhabi to secure a mix of reliable and green energy supplies for the UK and which could see hundreds of millions of pounds pumped into the green energy revolution.
The announcements were made during a visit to the Gulf by Prime Minister Gordon Brown and Energy and Climate Change Secretary Ed Miliband.
They include a memorandum of understanding between the UK and Masdar (the Abu Dhabi Future Energy Company) to develop renewable energy and low carbon technology such as wind, carbon capture and storage, as well as solar and marine energy.
The agreements form part of the UK’s efforts to diversify its energy supplies and tackle climate change by promoting a global move towards renewable and low carbon technology.
Prime Minister Gordon Brown said, ‘I applaud the vision and leadership which Masdar has shown in investing in the development and deployment of low carbon energy technologies. The UK looks forward to collaborating with Masdar through this agreement, bringing together the best of British and Abu Dhabi expertise for the benefit not only of our two peoples but for the world as a whole.’
Miliband added, ‘As every country tackles the twin challenges of energy security and climate change, both oil producing and oil consuming nations need to diversify our energy economies. Low carbon sources - from wind and solar through wave and tidal to carbon capture and storage - can provide a new engine of global economic growth. So this partnership represents a significant contribution to our sustainable prosperity.’
Dr Sultan Al Jaber, CEO, Masdar, said, ‘Securing a sustainable energy future is a challenge that requires the collaboration of governments, NGOs and corporations from around the world. This collaboration with the UK Government is very much in line with our leadership’s vision of cooperating with other governments and organizations from around the world.’
In January 2008, Abu Dhabi announced it would invest $15bn in Masdar, to work with a range renewable energy companies and utilities.
The deal included a £250m cleantech partnership between Qatar and the UK, to be run by the Carbon Trust.
6 November 2008Copyright © 2008 newnet
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