(MENAFN- Khaleej Times) The Zayed Future Energy Prize which is the world's pre-eminent prize for demonstrated renewable energy and sustainability solutions, closed its submissions for 2014 with 552 entries.
Submissions and nominations have been received from 88 countries worldwide including Southeast Asia, the Middle East and North Africa, Europe, North America, Central America and the Caribbean, as well as South America, Sub-Saharan Africa and Oceania.
The Global High Schools category, which was introduced in 2012, has received a record number of submissions, up 49% from last year.
The close of submissions follows an extensive outreach campaign to raise awareness on the Prize in key markets such as North America, South Africa, Asia (China, Japan, Korea and India), and Europe (United Kingdom, Germany and Sweden) and more.
Dr Sultan Ahmed Al Jaber, Director General of the Zayed Future Energy Prize, said: "Over the years, we have witnessed a steady growth in submissions from the emerging markets around the world. We believe we have come to a critical point - where encouraging, rewarding and awarding innovation in renewable energy through funding and investments is vital for the industry's growth and success. The Prize plays a key role in complementing these efforts to catalyse the renewable industry."
"Shaikh Zayed bin Sultan Al Nahyan, our founding father and namesake of the Prize, left a legacy of collaboration that is woven into the fabric of our development. The Prize, launched by the visionary leadership of the UAE, takes this legacy forward," added Dr Al Jaber.
Commenting on the increase in Global High Schools submissions, Dr Al Jaber said: "The schools category underscores the objective of the Prize to encourage and reward the next generation's efforts in shaping a better future for all. It is encouraging to see that our fastest growing category is one that involves the active participation of high school students. They are taking the initiative - ensuring that the future is in their own hands."
This year, drew a 9% increase in submissions from emerging markets with a record 57% increase from renewable energy powerhouse, China. The Pacific Islands also marked strong first time participation, validating the growing global reach of the Prize.
Launched in 2008, the $4m Zayed Future Energy Prize has gained international recognition and built a strong reputation as the most influential distinction in the renewable energy and sustainability community. In five years, the Prize has rewarded 21 innovators and impacted communities worldwide.
The Prize is awarded annually in five categories - large corporation, small and medium enterprise, non-governmental organization, lifetime achievement and high schools - to companies, schools and individuals that have made significant contributions to the future of energy, sustainability and climate change.
Candidates for the Zayed Future Energy Prize are evaluated by a stringent four-tier process following the close of submissions.
This includes due diligence conducted by research and analysis firm, Bloomberg New Energy Finance, followed by a meeting of the Review Committee for the preliminary shortlist. Using a scoring matrix based on the Prize's four main criteria of impact, long-term vision, leadership and innovation, the Selection Committee selects entries for the final jury review.
The jury, comprising heads of state, leading academics, energy experts and world renowned personalities with an interest in sustainability, discuss and select winners and runners up across the five categories by unanimous vote in the fourth and final round of the evaluation. This year, the Prize welcomed two new members to the jury - Sir Richard Branson, founder of the Virgin Group, and Ratan N Tata, Chairman Emeritus, Tata Sons.
Winners of the Zayed Future Energy Prize 2014 will be announced at a ceremony scheduled for 20 January, as part of the annual Abu Dhabi Sustainability Week.
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