Masdar ( Arabic :مصدر), also known as the Abu Dhabi Future Energy Company , is an Emirati state-owned renewable energy company. It was founded and chaired by Sultan Al Jaber in 2006 as a subsidiary of Mubadala Investment Company . The company is responsible for development of Masdar City , which headquarters the International Renewable Energy Agency .
39-590: In 2006, the UAE government established Abu Dhabi Future Energy Company PJSC (Masdar) to diversify the entire resources and boost the local economy. Sultan Al Jaber is the founder and served as the CEO of Masdar when it was founded in 2006. In 2009, he oversaw Masdar’s efforts to secure the presence of the International Renewable Energy Agency (IRENA) headquarters at Masdar City, delivering
78-812: A BSc in Chemical Engineering from the University of Southern California , a PhD in business and economics from Coventry University , and an MBA from the California State University at Los Angeles . His education in the United States was financed by a scholarship provided by ADNOC. Al Jaber was the founding CEO of Masdar, beginning in 2006, and was appointed chairman in March 2014. Under his leadership, Masdar expanded its investment in renewable energy to diversify
117-645: A US$ 4 billion agreement with BlackRock and KKR to invest in the development of midstream oil pipeline infrastructure . A consortium of six companies signed an agreement in July 2020 to invest US$ 20.7 billion in ADNOC infrastructure assets. It was the single-largest energy infrastructure investment ever in the Middle East, and the largest in the world for 2020 at the time. Al Jaber led the first IPO of an ADNOC business, ADNOC Distribution . in 2017. In December 2023,
156-417: A quote that described Al Jaber as "an ally to the climate movement" and suggesting that editors remove reference to a multibillion-dollar oil pipeline deal he signed in 2019. A Misplaced Pages user, who disclosed they were being paid by ADNOC, suggested changing the page to say that Al Jaber had simply attracted "international investment" in ADNOC, instead of mentioning the specific agreement with BlackRock and KKR for
195-481: A report based on leaked documents revealed an alleged list prepared on "touchy and sensitive issues" concerning the UAE. It included the government-approved "strategic messages" to be used as a reply to questions from the media. The reported issues included climate-related questions on Al Jaber's presidency and ADNOC's failure in disclosing its emissions, and the UAE's human rights records , including in human trafficking and
234-519: A substantial expansion of gas and oil production at the same time that fossil fuel industries are under pressure to reduce output in order to mitigate climate change . Following COP28, Al Jabar's role as president was recognized for delivering a climate agreement that contained language directing a "transition away" from fossil fuels for the first time. A native of the UAE, Al Jaber was born on 31 August 1973 in Umm Al Quwain , UAE. He holds
273-498: A user, who disclosed being paid by Masdar, to make Al Jaber’s role at Masdar more prominent on his page the day after The Guardian revealed his appointment as president of COP28. On 1 December 2023, it was agreed that Masdar would part of an £11 billion investment in the UK's Dogger Bank wind farm project. The agreement was made at the COP28 summit that was held in the UAE. Masdar City
312-525: Is a sustainable urban development project located in Abu Dhabi that was launched by Masdar in 2008 and was designed to be a zero-carbon city by 2016. The city is powered in part by the Masdar City 10MW Solar Power Plant, the first grid-connected renewable energy project in the UAE and the largest of its kind in the Middle East when it was inaugurated in 2009. An additional 1MW of rooftop PV is located on
351-679: Is an Emirati politician who is the minister of industry and advanced technology of the United Arab Emirates , head of the Abu Dhabi National Oil Company (ADNOC), and chairman of Masdar . Al Jaber is the UAE's special envoy for climate change , and the president of the COP28 climate talks. His appointment as head of the COP28 climate talks was strongly criticized by environmentalists due to his track record at ADNOC. As head of ADNOC, Al Jaber has overseen
390-469: Is needed to restrict global heating to 1.5C, claiming it would harm economic development and that there was "no science" behind the proposal during a live climate event and discussion with Mary Robinson . Climate advocacy groups expressed concern about his comments, with Climate Analytics CEO Bill Hare describing it as "verging on climate denial ." During the summit, Al Jaber defended himself, stating that his word had been misrepresented. He later added that
429-759: Is now ruled by Sheikh Saud bin Rashid Al Mualla . He became the Ruler and a member of the Supreme Council on the 2nd of January, 2009. In March of 2023, the Umm Al Quwain Department of Tourism and Archaeology announced the discovery of the oldest known pearling town in the Persian Gulf, on Siniyah Island. Many theories have been established on the etymology of the name Umm Al Quwain. The most well known and accepted theory
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#1732764829103468-542: Is that the name means "mother of the two powers", from the phrase "Umm Al Quwatain" ( Arabic : ام القوتين , romanized : Umm Al Quwatain , lit. 'Mother of the two powers'). The two powers here are usually known as the two forms of geographical powers. Locals of the city believe Umm Al Quwain's meaning indicates the richness of activities both on land and water. The city of Umm Al Quwain's economy depends on revenue from hotels, parks, tourism, fisheries, trading activities, manufacturing, as well as
507-727: The Al Mualla . The city is located on the peninsula of Khor Al Bidiyah, with the nearest major cities being Sharjah to the southwest and Ras Al Khaimah to the northeast. There are mangroves outside the city along the coast, with the local economy being largely fishing and tourism. The ruling family descends from the Al Mualla lineage of the Al Ali tribe, which moved from Siniyah Island due to scarce water and established an independent Sheikhdom in Umm Al Quwain. Umm Al Quwain
546-461: The COP28 , Masdar was reported to have hired lobbyists and a public relations firm, First International Resources, to defend its work during the COP28 after criticism from politicians and environmentalists. Masdar chairman and founder Sultan Al Jaber , was the president of COP28. According to the contract, the consultancy was to respond to and deflect negative press reports about Al Jaber. According to The Guardian , edits on Misplaced Pages have been made by
585-698: The New York Times , commented that these announcements were in part "image-burnishing", and that while Abu Dhabi's government sought to diversify its economy, it also aimed to maintain a significant future market for its oil reserves. Al Jaber is the ADNOC group chief executive, and a member of the Abu Dhabi Supreme Council for Financial and Economic Affairs. He is chairman of the Emirates Development Bank, and
624-484: The UN Framework Convention on Climate Change (UNCCC) for the UAE, the organization chose the UAE as the host for the COP28 in 2023. Amnesty International reacted to ADNOC Drilling's plan to expand fossil fuel production and its record profits, comparing them to the appointment of the company's chief executive Sultan al-Jaber as the chair of COP28 climate talks in 2023. Amnesty expressed concerns that
663-483: The Umm Al Quwain Free Zone . The Umm Al Quwain government has launched several programs to attract investment , and to support small and medium-sized enterprises (SMEs), and the fisheries sector in to the city. Umm Al Quwain is said to offer a stable economy, open investment climate, low costs of living and labor, and a great destination for imports and exports . Statistics recently issued by
702-623: The Yemeni Civil War . Later in August, it was revealed that under Al Jaber's leadership, ADNOC's 2019 methane leak target had been set to levels considerably higher than those the company had previously reported to the UN and cited a Harvard study alleging that it suggested "leaky infrastructure combined with deliberate venting or incomplete flaring of gas ." COP28 has the highest carbon emissions of any climate summit. On 27 November 2023,
741-538: The BBC reported that ADNOC, under Al Jaber, was seeking to increase its output of crude oil from 3 million barrels of oil a day in 2016 to 5 million by 2030. ADNOC responded that the BBC's reported figures showed an increase in its capacity to produce oil, not actual production. The New York Times noted that ADNOC was one of few oil companies still making large investments in raising production in 2021. Financial Times wrote that Al Jaber's attempts to increase oil output
780-569: The Centre for Climate Reporting and BBC News reported that based on leaked documents, the UAE intended to use COP28 as a platform to discuss fossil fuel deals with fifteen countries, including a deal with China to "jointly evaluate international LNG opportunities" in Mozambique, Canada and Australia. The report stated that fossil fuel talks between ADNOC and 15 countries were planned, in addition to talks between Masdar and 20 countries including
819-494: The European Parliament called for the removal Sultan Al Jaber as the president-designate of the COP28 climate summit. In May 2023, The Guardian reported that Al Jaber had been accused of attempting to greenwash his image, through members of his team editing Misplaced Pages to portray him favorably as an advocate for green energy , while downplaying his involvement in the fossil fuel industry. Edits included adding
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#1732764829103858-625: The International Lifetime Achievement Award from Prime Minister Narendra Modi of India. Sultan Al Jaber is married and has four children. Umm Al Quwain Umm Al Quwain (UAQ; Arabic : أم القيوين, pronounced: /ʔumː alqejˈwejn/ , Gulf Arabic : [ʔʊm͜ː 'æl ge̞ˈwe̞n] ,) is the capital and largest city of the Emirate of Umm Al Quwain in the United Arab Emirates . Its ruling royal family are
897-444: The UAE as a leader on environmental issues, and himself as an environmental advocate. Under Al Jaber, ADNOC has invested in carbon capture and green hydrogen projects, while also committing to power its operations with renewable energy sources. However, critics say these investments pale in comparison to Al Jaber's expansion of gas and oil production and are part of a greenwashing campaign. Stanley Reed, an energy journalist for
936-409: The UAE. Al Jaber has advocated for a global approach to addressing climate change at international forums such as the 2022 Munich Security Conference . He has also emphasized the key role national hydrocarbon producers should play in the energy transition, arguing that the least carbon-intensive barrels will be required for the foreseeable future. During Al Jaber's tenure as special climate envoy to
975-566: The Umm Al Quwain Chamber of Commerce and Industry indicate a significant increase in the number of commercial and service establishments based in Umm Al Quwain. The establishment of many factories in the free zone and outside, the development of transportation and internal highways that connect the city to other cities, has effectively contributed to the economy and has contributed to stimulating imports and exports of Umm Al Quwain. This United Arab Emirates location article
1014-649: The United Kingdom, France, Germany and others ahead of the summit. Al Jaber denied reports that the UAE wanted to seek oil deals at the summit, calling the allegations an attempt to undermine his work. In 2013 Al Jaber was appointed honorary Commander of the Order of the British Empire (CBE). In that year he also received Mauritania's Medal of the National Order of Merit . In 2019, he received
1053-490: The agreement was criticised for not including an explicit committent to phase out fossil fuels, and for including carbon storage as a means to reduce emissions. On 12 March 2013, Al Jaber was named minister of state and joined the United Arab Emirates Council of Ministers . He held the position until July 2020, when he was appointed as minister of industry and advanced technology. In November of
1092-412: The allegations false and an attempt to undermine work of the COP28 presidency. Under Al Jaber's presidency, the summit committed to a climate agreement containing language directing a "transition away from fossil fuels". This was the first United Nations Framework Convention on Climate Change COP event where an agreement was reached which suggested such a direction for fossil fuels. At the same time,
1131-645: The board of trustees of the Mohamed bin Zayed University of Artificial Intelligence . He has previously been chairman of the board for the Abu Dhabi Ports , from 2009 until 2019, Abu Dhabi Media , and Sky News Arabia . In January 2023, Al Jaber was named president of the COP28 climate conference in Dubai. Prior to the climate summit, Al Jaber dismissed calls that a fossil fuel phase-out
1170-693: The buildings developed as phase 1 of Masdar City. Shams 1 is a 100 MW concentrating solar power station which uses parabolic trough technology. It displaces 175,000 tons of CO 2 per year and its power output is enough to power 20,000 homes. The station consists of 258,048 parabolic trough mirrors, 192 solar collector assembly loops with 8 solar collector assemblies per loop, 768 solar collector assembly units, and 27,648 absorber pipes. It covers an area of approximately 2.5 square kilometres (0.97 sq mi). Sultan Al Jaber Sultan Ahmed Al Jaber , CBE ( Arabic : سلطان أحمد الجابر ; born August 31, 1973)
1209-643: The country's dependency on oil and gain diplomatic clout. By end of 2022, Masdar had invested in 40 countries. Under his chairmanship Masdar underwent a restructuring that brought in TAQA , ADNOC and Mubadala as shareholders in 2022. Al Jaber began his career as an engineer at ADNOC. He was appointed as the CEO of the company on 15 February 2016. Since that time Al Jaber has publicly listed several ADNOC businesses, while also attracting some US$ 26 billion in international investment from companies such as BlackRock , Eni , and KKR . In February 2019 Al Jaber signed
Masdar - Misplaced Pages Continue
1248-556: The development of oil pipeline infrastructure. A Misplaced Pages user was also reported to have been editing Misplaced Pages articles, despite having been "strongly discouraged" from doing so by a Misplaced Pages administrator. A June 2023 Guardian investigation also claimed that a large number of fake Twitter and Medium accounts have been either promoting and defending the hosting of COP28 by the UAE using stock or AI-generated profile images, including reposting UAE government tweets and trying to rebut criticism of Al Jaber's presidency. In August 2023,
1287-412: The oil company was trying to hijack the conference to serve wider fossil fuel interests, and that the climate conference would discuss ways to deal with climate change while the company he leads causes major harm to the climate with its waste and spills from oil and gas, radioactive material, salts and toxic chemicals and the release of greenhouse gas . US Senator Ed Markey opposed the decision to host
1326-504: The same year, he was appointed as the special envoy for climate change to represent the UAE in all international forums on this issue. In 2009, Al Jaber was appointed by United Nations Secretary-General Ban Ki-moon to his Advisory Group on Energy and Climate Change (AGECC). In the same year, as CEO of Masdar, he helped bring the headquarters of the International Renewable Energy Agency (IRENA) to
1365-608: The successful bid in South Korea . In early 2016, Mohamed Jameel Al Ramahi was appointed as the chief executive officer of Masdar. In December 2022 it was announced that the Abu Dhabi National Energy Company PJSC (TAQA), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (ADNOC) would partner under Masdar brand to form a global clean energy powerhouse focused on renewable energy and green hydrogen. In March 2024, it
1404-460: The summit over which he presided delivered "world first after world first". On 27 November 2023, the Centre for Climate Reporting and BBC News reported that, based on leaked documents, the UAE had been in violation of the UNFCCC 's code of conduct by planning to use COP28 to pitch oil and gas deals to foreign governments. Al Jaber denied reports that UAE wanted to seek oil deals in summit, calling
1443-408: The upcoming COP28 global climate conference in the UAE and expressed doubts about the UAE's "sincerity" towards commitment for climate action. Citing Al Jaber's claim that his leadership role will allow him to push the industry to decarbonize, Ed Markey said he doubted if such commitments will be maintained after the conference. Days after Ed Markey's statement, more than 130 US lawmakers and members of
1482-428: Was "particularly stark" given that he holds the role of climate tsar in the UAE and given that fossil fuel industries are under pressure to reduce output in order to mitigate climate change. Financial Times wrote in 2023 that ADNOC was set to invest US$ 150 billion in expanding its oil and gas production while only setting aside US$ 15 billion for low-carbon expansion over a longer period. Al Jaber has tried to position
1521-551: Was announced Masdar had acquired a 50% stake in San Diego, California -headquartered renewables company, Terra-Gen Power from its parent company, Energy Capital Partners for an undisclosed amount. Masdar garnered laurels from Austria's ex-chancellor Sebastian Kurz who has been working for the company since 2022. With Austrian Verbund it signed a joint study agreement about large scale green hydrogen production in Spain . During
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