Pachauri, Chair of Intergovernmental Panel on Climate Change, Stresses the Need to Bank on R&D to Tackle CO2 Emissions

Pachauri to Play a Key Role in Plenary Discussions at the World Future Energy Summit

ABU DHABI, UAE, November 18 - Rajendra Pachauri, Chair of the Intergovernmental Panel on
Climate Change and a keynote speaker at the upcoming World Future Energy
Summit in Abu Dhabi, has made a public call for governments across the world
to stimulate research and development in innovation and technology - critical
components for the dissemination of low-carbon energy technologies. The
statement comes as heads of government from across the world are expected to
declare their willingness to adopt ambitious emissions targets in the run up
to the United Nations Climate Change Conference in Copenhagen.

The Intergovernmental Panel on Climate Change (IPCC) has
assessed scenarios by which the climate of the earth can be stabilized. Based
on that assessment Pachauri says, "We need to invest now in the research &
development of new technologies to guarantee that long-terms goals can be
met."

Pachauri believes the first step to achieving sustainable
energy consumption must be taken by governments. This should be achieved by
managing demand, leading to reduced public energy consumption by stimulating
lifestyle changes and attaining higher levels of energy efficiency.

Market failures along the innovation chain require public
spending to drive down the cost of technologies to a point where the carbon
price can take over and accelerate their deployment. Estimates from the
European Commission suggest that global public support for energy R&D should
at least double by 2012 and quadruple by 2020.

Pachauri highlights, "There is significant scope, at the
individual and community levels, to avoid wasting energy through changes in
behaviour and improving energy efficiency by implementing appropriate
technological solutions. This must of course all be done alongside a shift
towards use of renewable sources of energy."

Between now and 2020, decisive actions are required to
scale-up the deployment of a range of technologies, with renewable energy a
major focus. However, many technologies have been made available but are not
yet commercially proven, according to Pachauri.

The issues Pachauri highlights are among the topics slated for
discussion at the upcoming World Future Energy Summit that will take place in
Abu Dhabi, 18-21 January 2010. Related topics include Energy Policy &
Challenges, Sustainable Fuels & Power Technologies, Carbon Capture & Storage,
Energy Efficiency & Sustainable Transportation.
www.worldfutureenergysummit.com

About WFES:

The World Future Energy Summit is held annually in Abu Dhabi,
the capital of the United Arab Emirates, under the patronage of H.H. General
Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy
Supreme Commander of the UAE Armed Forces. The Summit is hosted by Masdar,
Abu Dhabi's multi-faceted future energy initiative, and is organised by Reed
Exhibitions, the world's largest events organiser, together with Elsevier,
the leading publishers of science information.

Together, the Summit and the concurrent World Future Energy
and World Future Environment Exhibitions form one of the world's must-attend
events in future energy and an outstanding networking and business
opportunity for the energy and environment communities.

WFES 2009 attracted more than 600 exhibitors, 144 official
delegations, more than 18,000 visitors from 84 countries, and 1,124
conference delegates. The third edition of WFES will be held in Abu Dhabi
from January 18-21, 2010.

Deutsche Bank Climate Change Advisors is the principal sponsor
of WFES 2010. Emirates Aluminium is Associate Sponsor, and Platinum Sponsors
include BP Alternative Energy, Standard Chartered, Abu Dhabi Water and
Electricity Authority, Oxy and the Abu Dhabi Department of Municipality
Affairs.

For more information on the programme or to register, visit
www.worldfutureenergysummit.com

About DBCCA:

DB Climate Change Advisors group (DBCCA) is the institutional
and alternatives investment management business of Deutsche Asset Management,
managing assets of institutional investors and high net worth individuals.
DeAM is one of the leading climate change investors in the world, with
approximately $4 billion under management as of March 2009. With a
world-class in-house research team focusing on this theme, DeAM is an
investment industry thought-leader on a broad range of climate change
dynamics.

In June 2009, DBCCA launched the world's first scientifically
valid, real-time carbon counter, a nearly 70-foot-tall digital billboard
displaying the running total of long-lived greenhouse gases in the atmosphere
in New York. The Carbon Counter Number is available 24 hours a day at
www.know-the-number.com and updates are available at
twitter.com/knowthenumber

    For further information or interviews, please contact:

    James Hawksworth
    Asda'a Burson Marsteller
    Email: j.hawksworth@asdaa.com
    Telephone: +971-2-633-4133
    Mobile: +971-50-940-6389

For further information or interviews, please contact: James Hawksworth, Asda'a Burson Marsteller, Email: j.hawksworth at asdaa.com, Telephone: +971-2-633-4133, Mobile: +971-50-940-6389