Green energy agency to locate headquarters in UAE

CAIRO, June 29 Mon Jun 29, 2009 8:15pm IST

CAIRO, June 29 (Reuters) - Member states of the International Renewable Energy Agency (IRENA) voted to locate their headquarters in the United Arab Emirates, Egypt's state news agency MENA said on Monday.

MENA said the UAE, which defeated Austria and Germany, had seven ministers to lobby for the move at the conference in the Egyptian resort of Sharm El-Sheikh. The meeting was attended by 129 states. It gave no further details.

IRENA, which was founded in January, has 114 members and aims to promote a rapid transition towards the widespread adoption of renewable energy, according to its website.

The UAE said last week it was ready to spend $136 million by 2015 to fund IRENA if its bid to host the headquarters succeeded.

The world's third-largest oil exporter had said it wanted to place itself at the forefront of developments that may shape the future energy industry, and hosting IRENA was part of that plan.

The UAE said it plans to house IRENA in Masdar City, a project underway to build a carbon-neutral town in the desert, and said the IRENA headquarters would be ready by 2011. (Writing by Aziz El-Kaissouni, Editing by Peter Blackburn)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS EXCLUSIVE

REUTERS SHOWCASE

iOS 8 Issue

iOS 8 Issue

iOS 8 causing Bluetooth connectivity issues - Apple news blog  Full Article 

Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Full Coverage 

NYT Job Cut

NYT Job Cut

New York Times to cut jobs as new products disappoint  Full Article 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Weak Demand

Weak Demand

Weak demand hits factory activity across Asia, Europe  Full Article 

Pimco Fund

Pimco Fund

Pimco Total Return Fund posts record $23.5 bln net outflow in Sept  Full Article 

Hopeful of Profit

Hopeful of Profit

GM sees first European profit in 2016 after years of losses  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage