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Untied Arab Emirates to become home to renewable energy initiative

The emirate of Abu Dhabi has revealed it’s Masdar renewable energy initiative. The main focus of which will be the commercialization of the technology and it’s development.  Other main areas to which close attention will be paid are energy efficiency, carbon management, and water use and desalination. No doubt the later parts of the initiative are key, to a region where water and energy consumption are dramatically rising with the population and habits.

The Middle East has been the number one source of energy for the later part of the last century and no it is working to remain one of the leaders in the field, by getting involved in other sources. The idea is to work to bring renewable energy technologies to market faster. 

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 Abu Dhabi which is the largest by size and second only to Dubai by population in the United Arab Emirates, can also boast the largest oil reserves in the UAE. Estimates are that 10% of the proven conventional reserves of oil in the Middle East are here.

For additional information:

http://www.mubadala.ae/en/content/masdar_initiative.asp

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