The government of Abu Dhabi has announced a $15bn (£7.5bn) initiative to develop clean energy technologies. The Gulf state describes the five-year initiative as "the most ambitious sustainability project ever launched by a government". Components will include the world's largest hydrogen power plant.
The government has also announced plans for a "sustainable city", housing about 50,000 people, that will produce no greenhouse gases and contain no cars. The $15bn fund, which the state hopes will lead to international joint ventures involving much more money, is being channelled through the Masdar Initiative, a company established to develop and commercialise clean energy technologies. "As global demand for energy continues to expand, and as climate change becomes a real and growing concern, the time has come to look to the future," said Masdar CEO Dr Sultan Al Jaber. More >>>
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