ABU DHABI: The alternative energy sector is expected to grow 25 percent annually and account for almost 70 percent of the global energy market through 2030. The sector's current $150 billion share of the estimated $800 billion worldwide energy infrastructure will rise by then to around $600 billion. Key issues related to this growth and the Middle East's aggressive push toward alternative energy will be examined during the 2009 Alter Energy Convention running from Oct. 27 to 29, 2009 at the Dubai International Convention and Exhibition Center.
Gulf states are expected to collectively spend around $70 billion in energy projects in 2009 to accommodate massive energy consumption. The UAE's 10 percent average annual energy use growth alone is double the 4 percent global rate; this has spurred heavy investments into various sustainable energy initiatives such as the MASDAR initiative, where renewable energies and green technologies are set as top priorities on the project's agenda to reduce the regions dependence on oil. Alter Energy will gather international experts, regional decision makers, and "green" and renewable energy technology developers to discuss and debate the benefits and challenges of alternative energies.
"The economic downturn has reminded the world that it should plan well for the future. We still rely on traditional energy sources to generate 90 percent of our power requirements. However, most of these are non-renewable and have devastating ecological effects. We need to turn this situation around and encourage closer collaboration among private and government entities through forums such as Alter Energy to explore sustainable solutions that can meet our energy needs while conserving our environment," said Anselm Godino, managing director of International Conferences & Exhibitions, the organizers of the Alter Energy Convention.
To be held under the umbrella of the 2009 Oil & Gas Show (OGS), Alter Energy Convention 2009 will discuss and evaluate the regional and global outlook on carbon footprint and energy usage; the importance of oil and gas sector partnerships with alternative energy initiatives; sustainable regional water management; and the latest sustainability projects, techniques and technologies.
