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UAE Committed to New Types of Energy

Middle East : 18 October 2013

Source: 7Days 2013

UAE Minister of Energy Suhail Mohammed Al Mazrouei told global energy leaders at a major industry meet in South Korea that the country is committed to investing in traditional and new forms of energy.

In a keynote address delivered at the World Energy Congress (WEC), in the South Korean city of Daegu, the minister called for innovation within the energy sector in order to secure future supplies.

For its part, he said the UAE will remain committed to investing in non-oil related energy sources.

“The UAE has long been a central player in global energy with the world’s seventh largest oil and gas reserves and a history of reliable and highly economic supply to global markets,” he told delegates at the event, which is held every three years and which the UAE is bidding to bring to Abu Dhabi in 2019.

He added: “But we recognise that change is part of the industry … not only does the world demand more hydrocarbon supply, it also needs rapid decarbonisation.”

He also spoke of the UAE’s nuclear power ambitions. “By 2020, around 25 percent of our electricity will come from peaceful nuclear power, developed under a model of international transparency,” he said. But Al Mazrouei concluded his speech by highlighting the UAE’s investments in what he called the most important weapon against the energy challenges facing the world: education.

“The best hedge against change is simply education. An educated society is vital as we confront the problems we will encounter during the 21st century.

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