By Claire West
UK Energy and Climate Change Minister Greg Barker and CEO of UAE’s Masdar, Dr. Sultan Al Jaber, today announced a new roundtable for the world’s largest public and private sector investors in low carbon industries.
The meeting, to be held in January during Abu Dhabi Sustainability Week, aims to scale up investment to combat climate change in developing economies.
Speaking at the Doha climate change conference, Minister Barker said:
“Alongside the formal negotiations taking place here in Doha, there’s a formidable amount of informal discussion around how to mobilise at scale the private finance needed to tackle climate change.
“I’m excited to be announcing with Masdar our convening of the world’s largest sovereign wealth funds and development banks to work on this important agenda in the New Year.”
Masdar CEO, Dr. Sultan Al Jaber added:
"We look forward to working with the UK and relevant financial institutions during the Abu Dhabi Sustainability Week to identify mechanisms that will facilitate the deployment of climate change mitigation technologies such a renewable energy.”
The meeting will take place during the Abu Dhabi Sustainability Week and alongside the annual World Future Energy Summit, dedicated to advancing future energy, energy efficiency and clean technologies.
The Abu Dhabi Sustainability Week will gather the public and private sector to collectively address the growing challenge of sustainable development.