Abu Dhabi's Masdar Initiative Launches Zayed Future Energy Prize

January 22, 2008 – Vol. 12 No. 44

Abu Dhabi's Masdar Initiative Launches Zayed Future Energy Prize.

The $2.2 million annual award will be to honor individuals and organizations for their excellence in the innovation, development and implementation of sustainable energy solutions. The prize will be awarded to three individuals or organizations that have made significant contributions in the global response to the future of energy.

The winner of the prize will receive $1.5 million; two additional finalists will be awarded $350,000 to take their ideas and ambitions forward.

Projects and innovations in one or more of the following fields are eligible for nomination:

-- Renewable and sustainable energy;

-- Efficient use of traditional sources of energy;

-- Conservation;

-- Sustainable energy policy;

-- Communication and public awareness.

Finalists and winners will be chosen by a jury composed of the world's leading experts in future energy and the mitigation of climate change. The jury will be chaired by Dr. R.K. Pachauri, Chairman of the Intergovernmental Panel on Climate Change, which won the 2007 Nobel Peace Prize for their efforts to raise public awareness about climate change while establishing measures to counter that change.

The award is named after UAE founding father Sheikh Zayed Bin Sultan Al Nahyan who fostered the UAE's commitment to sustainability and environmental responsibility.

More details on the nomination process and jury composition will come with the April 2008 call for nominations.

Masdar is a multifaceted, multibillion dollar investment in renewable and alternative energy and clean technology. Masdar is helping to explore, develop and commercialize such future energy sources, including solar and hydrogen power. In 2008, Masdar will break ground for Masdar City, the world's first zero-carbon, zero-waste, car-free city, which will eventually be home to 1,500 businesses and 50,000 residents. (1/22/08)

Links:

Masdar
http://www.masdaruae.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No