UAE to Invest $15 Billion in Alt. Energy, Clean Tech

The initiative will include projects targeting solar and wind power and hydrogen fuel, and reduction and management of carbon emissions.

Published: 01-Feb-2008

The United Arab Emirates (UAE) are putting US$15 billion into an alternative energy and clean technology initiative to establish itself as the regional and global centre of future energy solutions.

Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, the capital of UAE, announced the initiative at the World Future Energy Summit held in Abu Dhabi, last week (21–23 January).

The initiative will include projects targeting solar and wind power and hydrogen fuel, and reduction and management of carbon emissions.

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