The UAE, which pumps millions of barrels of oil every day, wants to become an alternative energy hub. It has made an initial investment of $15 billion for its Masdar Initiative, which it hopes will establish it as a leader in the field of green energy
" With those billions at hand, the Masdar Initiative has the resources to pour into ambitious projects. The biggest: Masdar City, an eco-oasis in the desert that will be entirely carbon neutral, creating no emissions and no waste.
The UAE plans to run the city on futuristic rapid transport pods, elevated light railways and offer a wealth of pedestrian space — all powered and maintained by renewable energy.
It’s part of a growing interest in green technology in Abu Dhabi, the UAE’s capital and richest emirate. For the project, Abu Dhabi is collaborating with MIT, investing in companies in California and setting up ventures in Europe. "
" With those billions at hand, the Masdar Initiative has the resources to pour into ambitious projects. The biggest: Masdar City, an eco-oasis in the desert that will be entirely carbon neutral, creating no emissions and no waste.
The UAE plans to run the city on futuristic rapid transport pods, elevated light railways and offer a wealth of pedestrian space — all powered and maintained by renewable energy.
It’s part of a growing interest in green technology in Abu Dhabi, the UAE’s capital and richest emirate. For the project, Abu Dhabi is collaborating with MIT, investing in companies in California and setting up ventures in Europe. "
