Pachauri, Chair of Intergovernmental Panel on Climate Change, Stresses the Need to Bank on R&D to Tackle CO2 Emissions

ABU DHABI, UAE, November 18 /PRNewswire/ –

– Pachauri to Play a Key Role in Plenary Discussions at the World Future
Energy Summit

Rajendra Pachauri, Chair of the Intergovernmental Panel on Climate Change
and a keynote speaker at the upcoming World Future Energy Summit in Abu
Dhabi, has made a public call for governments across the world to stimulate
research and development in innovation and technology – critical components
for the dissemination of low-carbon energy technologies. The statement comes
as heads of government from across the world are expected to declare their
willingness to adopt ambitious emissions targets in the run up to the United
Nations Climate Change Conference in Copenhagen.

The Intergovernmental Panel on Climate Change (IPCC) has assessed
scenarios by which the climate of the earth can be stabilized. Based on that
assessment Pachauri says, “We need to invest now in the research &
development of new technologies to guarantee that long-terms goals can be
met.”

Pachauri believes the first step to achieving sustainable energy
consumption must be taken by governments. This should be achieved by managing
demand, leading to reduced public energy consumption by stimulating lifestyle
changes and attaining higher levels of energy efficiency.

Market failures along the innovation chain require public spending to
drive down the cost of technologies to a point where the carbon price can
take over and accelerate their deployment. Estimates from the European
Commission suggest that global public support for energy R&D should at least
double by 2012 and quadruple by 2020.

Pachauri highlights, “There is significant scope, at the individual and
community levels, to avoid wasting energy through changes in behaviour and
improving energy efficiency by implementing appropriate technological
solutions. This must of course all be done alongside a shift towards use of
renewable sources of energy.”

Between now and 2020, decisive actions are required to scale-up the
deployment of a range of technologies, with renewable energy a major focus.
However, many technologies have been made available but are not yet
commercially proven, according to Pachauri.

The issues Pachauri highlights are among the topics slated for discussion
at the upcoming World Future Energy Summit that will take place in Abu Dhabi,
18-21 January 2010. Related topics include Energy Policy & Challenges,
Sustainable Fuels & Power Technologies, Carbon Capture & Storage, Energy
Efficiency & Sustainable Transportation.
http://www.worldfutureenergysummit.com

About WFES:

The World Future Energy Summit is held annually in Abu Dhabi, the capital
of the United Arab Emirates, under the patronage of H.H. General Sheikh

Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme
Commander of the UAE Armed Forces. The Summit is hosted by Masdar, Abu
Dhabi’s multi-faceted future energy initiative, and is organised by Reed
Exhibitions, the world’s largest events organiser, together with Elsevier,
the leading publishers of science information.

Together, the Summit and the concurrent World Future Energy and World
Future Environment Exhibitions form one of the world’s must-attend events in
future energy and an outstanding networking and business opportunity for the
energy and environment communities.

WFES 2009 attracted more than 600 exhibitors, 144 official delegations,
more than 18,000 visitors from 84 countries, and 1,124 conference delegates.
The third edition of WFES will be held in Abu Dhabi from January 18-21, 2010.

Deutsche Bank Climate Change Advisors is the principal sponsor of WFES
2010. Emirates Aluminium is Associate Sponsor, and Platinum Sponsors include
BP Alternative Energy, Standard Chartered, Abu Dhabi Water and Electricity
Authority, Oxy and the Abu Dhabi Department of Municipality Affairs.

For more information on the programme or to register, visit
http://www.worldfutureenergysummit.com

About DBCCA:

DB Climate Change Advisors group (DBCCA) is the institutional and
alternatives investment management business of Deutsche Asset Management,
managing assets of institutional investors and high net worth individuals.
DeAM is one of the leading climate change investors in the world, with
approximately $4 billion under management as of March 2009. With a
world-class in-house research team focusing on this theme, DeAM is an
investment industry thought-leader on a broad range of climate change
dynamics.

In June 2009, DBCCA launched the world’s first scientifically valid,
real-time carbon counter, a nearly 70-foot-tall digital billboard displaying
the running total of long-lived greenhouse gases in the atmosphere in New
York. The Carbon Counter Number is available 24 hours a day at
http://www.know-the-number.com and updates are available at
http://twitter.com/knowthenumber

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SOURCE World Future Energy Summit