On Friday 5th December, I attended a briefing with many other Sydney business people, about opportunities with the Masdar Initiative, which is a multi billion dollar investment in a new renewable energy hub city already under development by Abu Dhabi and key partners. Dr Sultan Al-Jaber, CEO of the Masdar Initiative was the leading speaker for the session and his topic was "Transforming Oil Wealth into Renewable Energy Leadership".
Dr Sultan shared his vision of this impressive venture and its goals, and the mind shift to use the oil and gas wealth to become a provider of future energy for the planet. He also saw the financial downturn as a chance to step back and re-visit our view of the world, and of a future world of sustainable urban management and renewable energy.
Seems to me that a good focus for Australia would be "Transforming COAL wealth into Renewable Energy Leadership". Businesses with innovative ideas should look for partnerships where those ideas will be taken global - and the Masdar initiative is seeking those ideas. And that brings us to the question - will our coal wealth simply evaporate or could this also become a driver of Australia's Renewable Energy Leadership?
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