The
Among the offerings by the government are $100 million USD to be made available to co invest with domestic and foreign private sector companies. Large energy companies such as Shell, Total, BP have joined in addition to General Electric , Mitsubishi, Mitsui and Rolls Royce. Universities such as the Imperial College London and MIT are also attempting to bring academic knowledge and use the special economic zone which has been set aside as an innovation center to further research into the field.
The initiative will include:
- An innovation centre to support the demonstration, commercialization and adoption of sustainable energy technologies;
- A world-class institute offering specialist graduate programs in renewable energy and sustainability, in partnership with leading international universities and research institutes;
- A specialized development company focused on the commercialization of emissions reduction, and Clean Development Mechanism solutions as provided by the Kyoto Protocol on climate change;
- A Special Economic Zone tailored to hosting institutions which will invest in development and production of renewable energy technologies and products.
The emirate of
For additional information:
http://www.mubadala.ae/en/content/masdar_initiative.asp
