Energy, security task force launched at WFES
Abu Dhabi, January 17, 2013
A new task force to focus on the impact of energy on security and to examine ways of forestalling energy-related conflict was launched today at the ongoing World Future Energy Summit (WFES) in Abu Dhabi.
The sixth annual WFES, a participating event of the Abu Dhabi Sustainability Week, is running from January 15 to 17 at Abu Dhabi National Exhibition Centre.
The task force was set up by the International Peace Institute (IPI), a policy research think tank based in New York and Vienna, and Masdar, a leading renewable energy company based in Abu Dhabi.
The purpose of the task force is to examine the linkage between energy and security and to strengthen multi-lateral mechanisms to promote cooperation and to prevent and defuse energy-related conflict.
“Energy should be a motor for development and cooperation, not a source of conflict,” said Terje Roed-Larsen, the president of IPI. He cited tensions in Northern Iraq, Southern Sudan, the Niger Delta and the East Mediterranean as examples of how competition for energy resources can cause instability.
Dr Sultan Ahmed Al Jaber, UAE special envoy for energy and climate change, and CEO of Masdar, said: “With energy demand predicted to grow nearly 50 percent over the next 20 years, competition for resources will increase.
“Energy is therefore becoming a key piece of the global security puzzle. Any significant move to solve the energy crisis is also a step toward creating peace and stability among the nations of the world.”
The task force will examine current multilateral mechanisms to prevent and defuse energy-related crises. It will review what lessons have been learned from past experience and what confidence-building measures have been successful.
It will look at the role of the private sector in promoting energy cooperation, and it will focus on a number of regions that are vulnerable to energy-related conflicts. Special attention will be given to regions such as the Arctic, Central Asia, the Caucasus and the Caspian, the Mediterranean, the Middle East and North Africa as well as West Africa.
“Our aim is to bring together the brightest minds in the fields of energy and security in order to promote evidence-based policies that can reduce tensions,” said Roed-Larsen.
“This topic can only be addressed properly by involving experts from the private sector, the governments, and the research community,” added Dr Al Jaber.
The task force secretariat will be based in Vienna, Austria – a key hub for energy security including the headquarters of IAEA, OPEC, UNIDO, and the new office of the Special Representative of the UN Secretary-General for Sustainable Energy for All (SE4All), Kandeh Yumkella.
In his keynote address at the launch, Yumkella, in his function as director-general of UNIDO, highlighted the important linkages between energy, development and security and the important contribution of the three goals of the SE4All initiative in this regard.
“With Masdar’s links to the government of the United Arab Emirates, to the United Nations and other multilateral organizations, its respected role among the network of leading energy companies around the world, as well as its research campus in Masdar City, the company is well-positioned to play a leading role in this task force,” said Roed-Larsen.
“I commend the UAE, Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, Masdar and Dr Al Jaber personally for taking the initiative, and I encourage others to join us, as donors, participants and experts,” he said. – TradeArabia News Service
More Energy, Oil & Gas Stories
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn
- Summit focus on occupational safety
- Aramco names new senior VP
- Siemens gets $253m Qatar power contract
- Taqa-led group's India deal worth $1.6bn
- Taqa-led group to buy India power plants
- Iraq oil exports hit record 2.8m bpd
- Korean refiners eye more Iraq crude
- Dana starts Egypt gas plant upgrade
- Opec oil production hits new high in Feb
- Taqa-led group to buy Indian hydropower plants
- Schneider gets energy management certification
- Morocco moves ahead with $1.7bn wind farms
- Iraq approves power plant investments
- 670,000 oil & gas wells ‘need to be drilled’
- Qatar bourse celebrates Mesaieed listing