February Update

In January SUNTCO took part in the World Future Energy Summit 2010 in Abu Dhabi by exhibiting its Solar Liquid Power as an advanced renewable energy solution.  More than 23,000 delegates from 130 countries in Europe, the Americas, Asia, Africa, Australasia and the Middle East attended the event.  SUNTCO’s future is to be involved with the many world leaders who also want to improve our world, health and environment.
For over 100 years the world has invested in technologies that are based on the supply of oil. Engines and motors, heating systems, power generation and delivery systems are only a few of the technologies that have been woven into every aspect of the fabric of our economies and lives. To move away from fossil fuels means changing the habits of generations, and being willing to jettison the investment and development of decades; continued the editorial.   “But oil will run out in the foreseeable future”, Gulf News reminded.   Moreover, oil and coal together form a substantial part of the carbon dioxide problem the paper noted.
“It is now accepted that the world cannot afford to continue to recklessly burn its fossil fuels. Firstly, they are not being replaced and they will run out. Secondly, a huge build-up of carbon dioxide in the atmosphere is continuing, which is imperilling the future of the planet by raising the temperature beyond what will be safe for our existing life forms.”
This is why January’s World Future Energy Summit in Abu Dhabi was so important. The vast gathering brought together all the stakeholders in the very complicated business of preparing for change in how we find energy. These included government leaders with the responsibility of changing legislation and trying to lead public opinion, scientists with the duty to explain what might be possible, and private sector companies with the responsibility of turning the scientists’ ideas into reality, noted the paper.
“For the human race to continue, and the Earth to have a stable long-term future, we need sustainable energy sources that cannot be depleted and will continue to match our economic and social expectations for centuries ahead”, it said.
In his keynote speech, Sultan Al Jaber, CEO of Masdar, said the high-profile presence of this 3rd World Future Energy Summit in Abu Dhabi is a testament to the Summits ongoing success and the continued global importance renewable energy and energy efficiency in mitigating climate change.
Icelandic President O.R. Grimsson, who was in Abu Dhabi to participate at the WFES, has said that he was leaving the city and the conference with commitment to turn inspiration into implementation.     Expressing satisfaction over the results of the first summit, the Icelandic President expressed, “The time for lengthy debates and dialogue is over.  Now it is action that must bring us together and that is the   mission of Masdar, the World Future Energy Summit and Abu Dhabi.”
Mr. Grimsson said that green energy era brings a lot of opportunities for the developing world due to huge potential of geo-thermal and solar energy.  The nations with abundance of renewable energy sources would have strategic advantage after the implementation of carbon tax.
Terming environmental crisis as one of the biggest challenges of the century, H.S.H. Prince Albert Louis Pierre, Sovereign Prince of Monaco, said at the closing ceremony of the summit, “We cannot go on with 20 percent of the world’s population using 80 percent of the world’s resources.”
Meanwhile, the WFES 2010 came to an end amid the esteemed presence of HH General Sheikh Mohammed Bin Zayed Al Nahyan, Crown Price of Abu Dhabi and other dignitaries with the hopes that the fourth edition of the World Future Energy Summit 2011 will witness huge progress for making optimum use of renewable energy.  Abu Dhabi’s World Future Energy Summit has become the largest annual gathering of those who need to work together to build a sustainable energy supply.   The International Renewable Energy Agency (IRENA) was officially established in Bonn on 26 January 2009.  As of today, 141 states and the European Union signed the Statute of the Agency; amongst them are 47 African, 37 European, 33 Asian, 15 American and 9 Australia/Oceania States.  IRENA is the world’s first inter-governmental agency fully dedicated to renewable energy and other significant efforts.  SUNTCO will actively participate and support the effort to advance solar sciences.