Parker will deliver his views in a keynote speech at the upcoming World Future Energy Summit in Abu Dhabi in January, where he is expected to say that governments must create a system for setting a reliable carbon price in order to enable fair pricing of renewable energy against fossil fuels. He will detail the attractive investment potential that new renewable energy markets, products and industries present.
Parker says: “The biggest immediate challenge to achieving a low-carbon global economy is to create the regulatory conditions that will make it happen. A key step has to be a long-term carbon framework that will establish a reliable price for carbon. This will enable renewable energies to be priced fairly against fossil fuels.”
Parker added, “A carbon price alone will not get us where we need to go unless it is supported by comprehensive regulation that will encourage and facilitate new sources of clean energy. Governments must create these systems of regulation, which require massive political commitment to a policy of fighting climate change.
“Feed-in tariffs and rules to make sure renewable energy providers can link easily into the grid are essential to stimulate more active investment in alternative energies. Renewable energy is clearly a key target for investors, and successful technologies will undoubtedly produce massive rewards for investors.”
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 together with Elsevier.
The World Future Energy Summit will be held 18-21 January, 2010.