JEDDAH: ARAB NEWS
Published — Wednesday 4 September 2013
Last update 4 September 2013 3:33 am
Majid Jafar, CEO of Crescent Petroleum, described as the Middle East’s oldest private oil and gas company, and vice chairman of the Crescent Group of companies, has been elected deputy chairman of the Global Energy Initiative (GEI), a major international not-for-profit organization with the mission of promoting sustainable energy for all to fight energy poverty, protect the environment, and mitigate the effects of climate change.
Headquartered at UN Plaza in New York, the GEI aims to tackle the issue of energy poverty in the poorest countries of the world, and has as its mission to create “a new energy paradigm that will contribute to more equitable economic and social development — to the benefit of humanity in general — and to the developing and least developed countries in particular.”
Majid Jafar, who is also MD of the board of Dana Gas PJSC and a board member of the Sharjah Chamber of Commerce, was elected deputy chairman of the GEI by the board of directors of the international organization, which includes former ministers and UN officials, leading academics, experts and corporate CEOs.
According to Jafar, one of the most important elements of GEI’s work is its dedication to the broader principles and guidelines adopted by the UN for achieving the sustainable development goals (SDGs), which will contribute to the success of “2014-2024: The Decade of Sustainable Energy for All” — a historical effort by the international community to fight energy poverty and strengthen global energy security, while protecting the environment and mitigating the effects of climate change.
Majid Jafar, CEO of Crescent Petroleum and deputy chairman of the GEI, said: “Like food, shelter, and medicine, access to affordable energy for all people must be viewed as an international objective that will require cooperation and coordination on a global scale to achieve in a sustainable manner that encourages development.”
Among its other activities, the GEI will be hosting the Global Conference on Energy Sustainability and Security at UN Headquarters in New York on Dec. 11 and 12, in partnership with governments from across the world.
The conference will help to establish the vision, priorities, and action plans necessary for creating a new global sustainable energy paradigm that will contribute to more equitable economic and social development, benefiting all nations and people, strengthening the role of public-private partnerships, and promoting understanding between developed and developing countries on energy policies, technology transfer, and sharing best practices.