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The Low Carbon Economy Ltd

20 Jan 2010 12:01:07

UK and UAE to fund £1m research into low carbon policies



UK and UAE to fund £1m research into low carbon policies
Global low carbon policies will become a reality, after the UK government and an Arab institute joined forces to fund research.

The department for energy and climate change (DECC) will co-operate with the Masdar Institute from the UAE to support RENA, an international body that advises nations on renewable energy legislation.

Ed Miliband, minister for the department, said: "These two new collaborative projects are examples of exactly the type of global collaborative effort that we must encourage to tackle climate change problems."

A new partnership of private sector companies and government bodies will be created by DECC and the Masdar Institute. It is intended to guide small businesses in their search for low carbon solutions.

Earth Capital Partners, a London-based financier, has predicted that the private sector could gain £2bn from investments in the venture.

Provost of the Masdar Institute, John Perkins, said: "A key part of our mission is to help translate ideas to the market and working with SMEs from the UK and the UAE to grow and be successful is essential in establishing a thriving renewable energy sector in both our countries."

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