Sustainable energy will be the top priority for Masdar as it leads its carbon management programme in the Middle East.
The project is already underway and will continue beyond 2012, if the Kyoto agreement
“On both a regional and global scale, emission reductions are key components to sustainable development,” said Sultan Ahmed Al Jaber, CEO of Abu Dhabi Future Energy Company (ADFEC), the company executing the Masdar initiative.
The Abu Dhabi-based company recognises carbon management is rapidly becoming a global industry, and claims GCC countries will play a leading role due to strong integration of CO2 into their energy industries.
“Promoting greenhouse gas emission reduction is a major element in Masdar’s drive to provide a sustainable environment for coming generations,” said Al Jaber.
Masdar’s carbon management programme will align with the Clean Development Mechanism framework of the Kyoto Protocol, which is designed to lower the overall costs of achieving emissions targets. While the cost of limiting emissions varies considerably from region to region, the benefit for the atmosphere is the same, wherever the action is taken.
The company will also implement sustainable infrastructure projects, leading to a sizeable carbon emission reduction, with a particular focus on CO2 capture and storage (CCS).
“We believe that a national CCS grid connected to the major CO2 emitters may be developed within 15-20 years. A feasibility study is currently in progress to map out the key factors of such a grid.”For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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