Dawn
Active member
CNN —
Abu Dhabi isn’t about to wean itself off the oil that made it super rich. But it is putting some of that wealth to work in support of startups trying to find solutions for the climate crisis.
In April, Abu Dhabi tech ecosystem Hub71announced its first-ever program designed to support decarbonization technologies, which included five startups focused on solutions for sectors ranging from energy to aquaculture.
“The climate agenda is very important to the leadership of the UAE,” Ahmad Ali Alwan, the CEO of Hub71, which is backed by state fund Mubadala Investment Company, told CNN. “So we identified it to be a priority sector which we want to enable.”
“There’s a lot of support for innovative solutions,” he said, and “a focus on developing solutions that are actually commercial.”
Abu Dhabi isn’t about to wean itself off the oil that made it super rich. But it is putting some of that wealth to work in support of startups trying to find solutions for the climate crisis.
In April, Abu Dhabi tech ecosystem Hub71announced its first-ever program designed to support decarbonization technologies, which included five startups focused on solutions for sectors ranging from energy to aquaculture.
“The climate agenda is very important to the leadership of the UAE,” Ahmad Ali Alwan, the CEO of Hub71, which is backed by state fund Mubadala Investment Company, told CNN. “So we identified it to be a priority sector which we want to enable.”
“There’s a lot of support for innovative solutions,” he said, and “a focus on developing solutions that are actually commercial.”
