UAE Special Envoy to Energy and Climate Change Affairs and CEO of Emirates' (Masdar) Dr. Sultan Al Jaber has emphasized the significance of taking an immediate action for securing energy supplies and to adopt a diverse mix of clean energy for a more secured future. Speaking to a Brazilian newspaper 'Estado do Sao Paolo' on the fringes of the Rio+20 Summit, Al Jaber said that even though the UAE has significantly large hydrocarbon reserves for the next 150 years to come , the best solution is to rely on a variety of sources, including traditional energy while promoting clean technologies, Emirates news agency (WAM) reported. He added that the UAE-based firm (Masdar), through its integrated units, will continue to encourage cutting edge research and innovation in the renewable energy and clean technology sector. Owned by the Abu Dhabi Government-owned Mubadala Development Company, Masdar is a commercially driven enterprise that operates to reach the broad boundaries of the renewable energy and sustainable technologies industry. It operates through five integrated units, including an independent, research-driven graduate university, and seeks to become a leader in making renewable energy.