Malaysian PM praises Abu Dhabi energy summit

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Malaysian PM praises Abu Dhabi energy summit

Post by Wak on 2009-12-29, 12:45

Dato’ Sri Mohd Najib bin Abdul Razak, Prime Minister of Malaysia, on Monday praised the World Future Energy Summit in Abu Dhabi as one of the global drivers of renewable energy development.

He said the summit will play a significant role, alongside Copenhagen, in accelerating the uptake of renewable energy sources.

“Each and every one of us has a role to play in driving the swift adoption of renewable energy,” he said. “For a developing country like Malaysia, the cost of renewable energy generation is still high and is not economically viable because generating a return of investment takes a long time. “It is therefore not easy to convince businesses to consider power generation from renewable resources as an attractive business opportunity.

“Hence why, to jumpstart the development of renewable energy, introducing the right policy support and providing an environment that is conducive is a vital issue that governments must address and Malaysia is working actively towards that.”

According to a statement released on Monday, Razak will be one of the opening speakers of the summit, due to be held between January 18-21.

Other speakers will include Karolos Papoulias, President of Greece; Mohamed Nasheed, President of the Maldives; Crown Prince Felipe de Borbón y Grecia of Spain and Crown Prince Frederik André Henrik Christian of Denmark.

“The World Future Energy Summit will continue to be one of the global drivers that will accelerate the uptake of renewable energy development in our pursuit of environmental sustainability for the sake of the future generation,” Razak said.


http://www.arabianbusiness.com/577286-malaysian-pm-praises-abu-dhabi-energy-summit

Wak
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