Taqa goes green
Posted: 11 December 2007
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The Abu Dhabi National Energy Company (Taqa) has become the first GCC company to be invited to join the 3C (Combat Climate Change) Initiative, the company has announced.
3C is a global opinion group of prominent business leaders demanding integration of climate issues into markets and trade.
As the first member from a non G8 + 5 country, Taqa joins forces with business leaders from nearly 50 large organisations committed to contributing to a common vision of a low emitting, sustainable society.
The 3C Initiative’s goal is to set a global limit to the maximum temperature increase and define emission reduction targets for 2030 and 2050 based on the best available research. 3C members aim to lobby governments to create a series of policies that will enable targets to be met.
“I am delighted Taqa has been invited to join the 3C Initiative. As a signatory, we have committed to play a proactive role in combating climate change, and as the first GCC member, we hope to set a precedent in the region,” said Peter Barker Homek, Taqa’s chief executive officer.
“As a new company with a vision to become a global player in the energy sector, I believe we have a responsibility to lead the way in cutting greenhouse gas emissions and support the move towards a low emitting economy,” he said.
Barker Homek said, as a company in the midst of an active acquisition phase, environmental performance is an important factor taken into consideration by Taqa during the evaluation of prospective purchases.
“We may also look to adding non greenhouse gas emitting power generation sources to the portfolio such as wind, solar or geothermal in the future,” added Barker Homek.
On a day to day basis, Taqa’s operations around the world are focussed on taking steps to monitor and reduce emissions of harmful greenhouse gases, such as carbon dioxide (CO2) and nitrogen oxides produced in combustion (NOx).
Emission reduction initiatives include the introduction of solar powered equipment to eliminate the venting of greenhouse gases, upgrades to new technology to reduce fugitive, vented and flared methane, and the purchase of compression equipment prime movers (engines) with improved fuel performance. |
