Friday, 15/11/2024 | 14:54 GMT+7
The
"The
A chemical engineer and businessman, Mr. Al Jaber leads his country's Masdar initiative - a $22 billion effort to build a 45,000-people city that runs on alternative energy and has no carbon emissions, plus develop a world-class university for energy research. The eight-year project began in 2006.
Mr. Al Jaber, chief executive officer of Abu
Dhabi Future Energy Co., the entity created to develop the multifaceted Masdar
initiative, spoke Thursday about the project and alternative energy during a
discussion at the
Although its economy is based on oil, Mr. Al Jaber said his country's leaders know their future lies in alternative energy. "Our interest here is very genuine. It's a logical extension, the next step," he said.
The
"The framework is in place to achieve that goal," said Mr. Al Jaber,
who added researchers there are working with molten salt as a way to store excess
alternative energy.
The experience the country gains with
Although Masdar is on budget, it's a few months behind schedule. Mr. Al Jaber said that is because the Masdar concept never has been tried before.
"All the experts, the architects and contractors, none
of them knew how to make [
Developing his university, the Masdar Institute of Science and Technology, is challenging, he added. His country, like others, is experiencing "brain drain." The Masdar project calls for attracting world-class academics, keeping them with incentives, and creating business incubators with all levels of financial help to turn what gets developed there into new companies.
Helping to present Mr. Al Jaber an honorary
doctorate yesterday was Dan Johnson, UT president emeritus and provost and COO
at
"We'll have to see how it develops, but
clearly there is potential here," Mr. Johnson said. "This could be
the beginning of something very important that connects
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