Money may not make the world go round, but the lack of it is most often what hampers a lot of renewable energy projects. In many respects, the multi-faceted Masdar initiative looks and sounds like a lot of other renewable energy master plans. However, it does have that key ingredient, money - and plenty of it. As a result, it is able to move forward rapidly and purposefully across a whole range of projects.rnAbu Dhabi, part of the United Arab Emirates, sits on about 10% of the world's oil, and 5% of its natural gas. In just a couple of decades it has built up and profited from a large pool of energy expertise, centred round the oil and gas sector. The rulers of the Emirate are keen to maintain their global position in the energy business, and have recognized that in order to do this they will need to invest seriously in a range of new energy skills, particularly those around the renewable energy sector.
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