Word: dhabi
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Sami Khoreibi can't stop smiling. The baby-faced CEO of Enviromena Power Systems, Khoreibi launched his business a little over a year ago. Now he is looking over a 10-MW solar farm in the desert outside the city of Abu Dhabi, with row after row of solar panels angled to the Middle Eastern sun like bathers lying poolside. The solar farm is the earliest tangible part of Abu Dhabi's Masdar City, a $22 billion project designed to be the world's first zero-carbon-footprint, zero-waste settlement--the embodiment of this oil-rich Arab city...
...Dhabi is the last place you might expect to find the future of environmentalism. The wealthy capital of the United Arab Emirates is the world's eighth biggest producer of petroleum. But the leaders of Abu Dhabi know--perhaps better than most--that the oil won't last forever, so they have embarked on the Masdar Initiative, a multibillion-dollar push to establish the emirate as a center for clean-technology development and innovation. Those plans include Masdar City, designed by British architect Norman Foster, as well as a $250 million clean-tech investment fund and an energy-engineering school...
...Dhabi's leadership is all the more necessary at a moment when once vibrant green businesses are flagging, thanks in part to the plummeting price of oil. In the U.S. and Europe, new wind- and solar-power installations are slowing, energy start-ups are starving for funds and some green companies are laying off workers. But it's still full speed ahead in Abu Dhabi, where last month's World Future Energy Summit (WFES) attracted more than 16,000 visitors and companies that ranged from General Motors to modest Chinese solar manufacturers. And with a new Administration in Washington struggling...
...Masdar's favorable tax policies--will draw green companies to the desert, where they will be able to test their ideas in an environmental Utopia. "There is a visionary component to it," says Frank Mastiaux, CEO of climate and renewables for E.ON, a German energy company. "Masdar and Abu Dhabi have set themselves incredibly high expectations. Now they have to be delivered...
...stifling global negotiations on climate change, the world has barely 10 months, in the midst of the worst financial crisis since the Great Depression, to prepare for Copenhagen. "There are a lot of challenges now," says Hedegaard, speaking to TIME recently at the World Future Energy Summit in Abu Dhabi. "This is a special challenge, but also a special opportunity." (Listen to Hedegaard talk about the run-up to Copenhagen on this week's Greencast...