May 05 2008
Masdar - the World's First Carbon-Free City
I heard an interesting NPR story this morning on Abu Dhabi's goal to build the world's first carbon-free city.
Called Masdar, the demonstration city of 50,000 inhabitants will cost $22 billion to construct. The city will cover about six square kilometers (nearly four miles), with no point further than 200 meters from a transport link.
In addition to being mass transit friendly, the community will be powered entirely by renewable energy.
The community will also be home to the Masdar Institute of Science and Technology and 1,500 businesses. Notable business partners include General Electric, BP, Royal Dutch Shell, the Massachusetts Institute of Technology, Mitsubishi, Rolls-Royce, and Conergy, which is planning a 40 MW solar plant.
United Arab Emirates (UAE) is home to approximately 10% of the world's oil resources, so why are they doing this?
I recently heard Sultan Al Jaber, CEO of Abu Dhabi Future Energy Co., speak at a Cleantech Forum in San Francisco. Al Jaber believes that Masdar should be built to help develop the next generation of renewable energy technologies. Recognizing that oil is a finite resource, the UAE is looking at the cleantech industry as a sustainable long-term investment. It makes perfect sense given the country's understanding of global energy markets. Partnerships with leading academic institutions and corporations, and interest from global capital markets, could make Masdar an epicenter of cleantech innovation.
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