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Saudi Arabia gets ready for a fully sustainable financial hub in its capital
Saudi Arabia is to put up a sustainable financial hub in its capital city Riyadh, the King Abdullah Financial District (KAFD). Henning Larsen Architects (HLA) has prepared the master plan for what should be a project that combines both the local traditions and the advanced sustainable building concept. In fact, HLA won the international competition [...]
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Masdar to invest Dh2.57m in Carbon Research Project
US Energy Department will contribute $3m Masdar is investing Dh2.57 million in a high potential carbon capture technology research project in collaboration with RTI International, an independent non-profit research institute, the company said in an emailed statement Tuesday. Masdar said that the research project is “set to revolutionise the carbon capture and storage (CCS) space. [...]
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UAE looks at $100b investments in alternative energy
The UAE sees private sector investment opportunities in alternative energy projects reaching $100 billion by 2020, the economy ministry said on Monday. “Investment opportunities in the market for alternative and sustainable energy projects that can be invested by the private sector in the UAE will be around $100 billion until 2020,” the country’s economy ministry [...]
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Google invests $280 million in residential solar power
In Partnership with SolarCity, Google has just announced its biggest clean energy investment yet: A $280M fund to finance residential solar panel installations across the United States. For this massive roll-out of sustainable energy sources, Google is partnering with SolarCity, where Tesla CEO Elon Musk is chairman and an early investor. The company is described [...]
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Investors begin to shun plunder-the-earth strategies
Green is good and greed is out. Well, almost. There are, of course, still quite a few greedy elements in the world today, none more so than the banks that are raking in even bigger bucks and profits despite being bailed out by taxpayers a couple of years ago. Some would argue that it’s not [...]
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