|20 January 2016|
Energy efficiency will be key for global countries to meet skyrocketing energy demand, the World Future Energy Summit (WFES) announced yesterday with the launch of the Energy Efficiency Expo at WFES 2017.
Worldwide, energy efficiency investment is set to reach USD 385 billion per year, or USD 5.8 trillion in total to 2030, according to a recent report by the International Renewable Energy Authority (IRENA). With buildings a major energy consumer, investment in energy-efficient buildings alone is set to reach USD 125 billion by 2020.
To meet the region’s rapid energy growth, with the Middle East and North Africa’s energy demand set to double by 2030, the Middle East requires USD 555 billion in total energy infrastructure investment by 2030, according to a recent report by NBAD, University of Cambridge, and PWC.
Energy efficiency in buildings, transportation, and manufacturing will play a key role – by replacing fossil fuels with renewable energy, improving electricity access and reliability, and reducing pollution, which in turn support economic growth, while benefitting society and the environment.
Anticipating the growing demand for energy efficiency solutions in the region, the WFES Energy Efficiency Expo 2017 is set to be a new annual, co-located exhibition, conference, and business matchmaking program in the energy efficiency sector at Abu Dhabi Sustainability Week, hosted by Masdar.
The WFES Energy Efficiency Expo is set to further elevate Abu Dhabi Sustainability Week as a global platform addressing the interconnected challenges and opportunities of sustainable development and clean energy.
“Sustainable development requires efficient management of energy demand as well as supply, and the Middle East and North Africa is no exception,” said Dr Ahmad Belhoul, chief executive officer of Masdar, Abu Dhabi’s renewable energy company. “At the WFES Energy Efficiency Expo 2017, we will share our public-private partnerships in energy conservation, including the role of Masdar City, Abu Dhabi’s ‘green-print’ for sustainable urban design which consumes 40 percent less water and energy than city developments of a comparable size.
“It will also be an opportunity to showcase innovations such as Future Build, an online platform to help architects, engineers and contractors source environmentally responsible building materials and products that have been independently assessed. The Energy Efficiency Expo will encourage further collaboration and entrepreneurship at the intersection of water and energy, promoting the business case for sustainability,” added Dr Ahmad Belhoul.
The WFES Energy Efficiency Expo 2017 aims to enable the public and private sectors and end users to network, source innovative solutions, and build partnerships. Exhibitors are expected to cover lighting, smart buildings, cooling, power generation, smart grids, and financial services.
“With global energy demand continuing to rise, the WFES Energy Efficiency Expo is set to make WFES 2017 the largest and most in-depth to date. The Expo will build on the success of our Energy Efficiency TechTalk, and feature business development opportunities with leading efficiency players from the Middle East and around the world,” said Frederic Theux, president, Reed Exhibitions.