It may have been overshadowed by events in Gaza and by the US presidential accession ceremony in Washington, but there was no disputing the seriousness of purpose at Abu Dhabi’s second world energy summit (pictured above) this week.
Abu Dhabi announced the recipient of a $1.5m prize for sustainability, which went to a subsidiary of a Bangladeshi micro-finance house. The city also committed itself to having 7 per cent of its energy coming from renewable sources by 2020. And a subsidiary of Mubadala, the owner of Abu Dhabi’s Masdar development, announced an environmental research and development tie-up with General Electric of the US
The centrepiece of the country’s claims to leadership in sustainability, though, centre on the Masdar initiative.
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