Brown hails �250m carbon energy deal

A £250m deal for Qatar to invest in British low-carbon energy technology has been hailed by Gordon Brown.

The Prime Minister said the agreement was an "excellent example" of the co-operation that will be needed between oil producers and consumers to stabilise the global economy and stave off climate change.

The Gulf state is to plough up to £150m into an investment fund, which will be topped up with £10m from the Carbon Trust and another £90m from the private sector.

The money will be invested in British-based firms who are developing new methods of carbon capture and efficient energy.

The Trust will also set up a centre of excellence in Qatar in order to pass on skills learned in the UK.

Brown said: "Today's announcement is an excellent example of the partnerships we need between oil producing and oil consuming countries to develop new energy sources and technologies, diversifying out economies and reducing our carbon emissions."

Qatar Prime Minister Sheikh Hamad bin Jassim insisted it was "natural" that the state should want to help develop low carbon techniques.

"This partnership will provide low carbon, clean energy knowledge transfer into Qatar and opportunities in business, education and skills development to the Qatari people," he added.

Energy Secretary Ed Miliband, who is joining Mr Brown on his four-day tour of the Gulf, said: "Combating climate change and making sure we have enough energy to power our economy and homes is a huge challenge which means we must invest, innovate and move swiftly to develop and commercialise the necessary low carbon technology."

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