In the opening ceremony of the World Future Energy Summit, Abu Dhabi announced the most ambitious sustainability program ever launched by a government -- an initial investment of US$15 billion in projects targeting solar, wind and hydrogen power; carbon reduction and management; sustainable development; education; manufacturing; and research and development.
The investment will be channelled through the Masdar Initiative, a company that aims to explore, develop and commercialize future energy sources.
The emirate of Abu Dhabi, the capital of the United Arab Emirates, has been a leader in the field of hydrocarbons for nearly half a century.
"For nearly half a century, the emirate of Abu Dhabi has used its natural resources to contribute to growth, development and security -- our own as well as that of other countries," said Masdar CEO Dr. Sultan Al Jaber.
Via Street-Insider
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