VOICED : UAE channels oil money into alternative energy

The UAE, with one of the highest carbon footprints per capita, is focusing on a post-oil future. The Masdar Project, launched by Abu Dhabi, aims to lead in renewable energy, including solar advancements. A collaboration with EnergyNest is testing a thermal energy storage system using concrete. Despite significant oil and gas reserves, the UAE plans to reduce its gas dependency and has invested heavily in renewable projects globally. The Masdar Project includes a research institute and ecological city, with plans to invest in nuclear energy by 2020.

What is the primary focus of the Masdar Project initiated by Abu Dhabi?

• To increase oil production

• To reduce carbon emissions by 50%

• To lead the drive in renewable energy

• To develop new oil reserves

What innovative technology is the UAE testing with EnergyNest?

• Solar panels made of glass

• Hydroelectric power from artificial lakes

• Wind turbines with enhanced blades

• A thermal energy storage system using special concrete

What percentage of the world's oil reserves does the UAE hold?

• 5.9%

• 3.1%

• 7.2%

• 10.5%

What is one of the goals of the Masdar Project regarding gas dependency?

• To increase gas dependency to 95%

• To maintain gas dependency at 90%

• To decrease gas dependency from 90% to 70%

• To eliminate gas dependency completely

How much has the UAE invested in renewable energy projects globally in the past five years?

• $1 billion

• $600 million

• $500 million

• $840 million