Zayed Future Energy Prize Receives Significant International Interest
Submissions flooded in from around the world, from a variety of sources, and covered a vast array of renewable solutions. Individuals, organizations and NGOs are all represented, and a large majority of the entries have been both deployed and demonstrated at large scale. Many of the submissions for the 2010 Zayed Future Energy Prize have already had an outstanding impact on the renewable energy sector.
“The increase in number of the submissions for the 2010 award, and the notable caliber of the entries are encouraging evidence of the growth in renewable energy-related industries and activities around the world,” commented Dr. Sultan Ahmed Al Jaber, Director General of the Prize.
“The recognition and support provided by this prestigious prize will advance global efforts to find solutions to the planet’s sustainable energy needs. It also provides a powerful incentive for entrepreneurs, sustainability organizations and others active in the area of renewable energy to renew their investment in and commitment to tackling the challenges of climate change and energy security.”
The submissions go through a three stage process. Firstly¸ the administration team reviews all the submissions and passes all the entries that fulfill the criteria on to the Selection Committee. Secondly, the Selection Committee votes through an online system to distill the entries down to a shortlist of five. Thirdly, the Jury members meet and decide on the top three entries and allocate the USD$1.5million prize to the submission that best supports the essence of the Zayed Future Energy Prize.
The Jury of the Zayed Future Energy Prize includes; the President of the Republic of Iceland, the Minister of Environment for Jordan, the Chairman of the Intergovernmental Panel on Climate Change, the Chairman of Masdar, the Managing Director of Riverstone Holdings, the Founder and Chairman of Foster + Partners, the Interim Director General of the International Renewable Energy Agency (IRENA) that is to be located in Abu Dhabi, the President of the Massachusetts Institute of Technology (MIT), and the President of the Foundation on Economic Trends.
This year, to increase the efficiency and reduce our carbon footprint improvements have been made to the submissions process to ensure that the finalists embody the spirit of the Zayed Future Energy Prize and the vision of the late Ruler of Abu Dhabi and Founding Father of the United Arab Emirates, His Highness Sheikh Zayed bin Sultan Al Nahyan. Including an online judging system for the Selection Committee to engage experts from around the world to review and rank submissions, The Zayed Future Energy Prize offers an open, transparent and fair process of evaluation, in which all candidates receive consideration and in which the selection criteria and rules are available to the public.