The Abu Dhabi National Energy Company PSJC, (TAQA), a publicly listed company on the Abu Dhabi Securities Market, signed on Monday a letter of agreement with the Massachusetts Institute of Technology (MIT) to become a member of the Industrial Liaison Program (ILP). Under the agreement, lasting at least two years, experts from TAQA and faculty members from MIT will explore TAQA's interests, needs and objectives as they relate to cutting-edge technology. The objective is to identify reliable and environmentally sustainable technology solutions that could benefit TAQA's business and the global communities in which the company provides energy to. As a member of the ILP, TAQA will explore potential key work streams in renewables, energy efficiency, climate change, hydrogen, carbon sequestration, enhanced oil recovery, gas storage and LNG. Commenting on the agreement, Peter Barker-Homek, TAQA's CEO, said: “As a global responsible company, our objectives include a desire to improve our common future and protect the environment.” “The average person in a developed country uses 9 times as much fossil fuel and 20 times as much aluminum as his or her counterpart in developing countries. In terms of waste, the average person produces 4 times as much household refuse, 11 times more carbon dioxide, 26 times more chlorofluorocarbons, and 75 times more hazardous wastes. For example, average Americans use 43 times as much gasoline as average Indians, 45 times as much copper, and 34 times as much aluminum. North Americans have double the ecological footprint of Europeans, and seven times the average footprint of Asians and Africans. Bringing emerging markets up to North American living standards would require a 5-10-fold increase in world industrial output. __
