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Launch of the 'Financing the Future of Energy' Report

last modified Apr 30, 2015 12:45 PM
2 March 2015 – The ‘Financing the Future of Energy’ report launched yesterday at the Global Financial Markets Forum in Abu Dhabi, setting out the changing nature of the global energy system over the next decade and highlighting the growing demand for sustainable energy in the Gulf region.

 

NBAD Financing Future EnergyDownload the executive summary.

View the full report on the National Bank of Abu Dhabi (NBAD) website.

The Financing the Future of Energy report considers the technologies that are most likely to close the supply-demand gap and the scale of financing required, providing an insight into why banks might develop these opportunities, and how they might engage public and private sector stakeholders to create a more energy efficient and low carbon economy.

The report, commissioned by the National Bank of Abu Dhabi (NBAD), was written by the University of Cambridge Institute for Sustainability Leadership (CISL), the Cambridge Centre for Climate Change Mitigation Research (4CMR) and PwC.

Although intended primarily for the National Bank of Abu Dhabi and the financial community in the Gulf region, it will also be of interest to the energy sector and government partners in the Gulf region and in the West-East Corridor.

"We should not underestimate the scale of the task that is facing us all to meet the significant demand for energy globally – in particular across the West-East Corridor, the rapidly growing super-region that stretches from Africa through the Middle East to Asia – we need to develop innovative approaches to financing energy projects. The future gap in energy demand and supply presents a real opportunity for the banking sector and the Financing the Future of Energy Report marks the start of a strategy to learn, collaborate more and to make a real contribution to helping this region meet its own energy challenges. At NBAD we want to understand better what the real drivers are so we can respond to them effectively and be a positive force, accelerating the transition to a much needed new world of energy."

Alex Thursby, CEO NBAD

Dr Jake Reynolds
Director, Business Platforms