Plan To Build The World’s First Zero-Waste, Zero-Carbon City Gets Financial Backing

General Electric and Mubadala Development have just announced a multi-billion dollar partnership that will give a huge financial boost to a plan to develop a clean-energy walled city in the United Arab Emirates. Masdar City, scheduled for completion in 2015, will get all of its energy from sustainable sources, and will create zero net greenhouse gas emissions. It will also be completely car-free.
As part of its partnership with Mubadala, GE will fund a giant research center in the heart of the city that will house a think tank of technologists working to develop sustainable energy and water technologies. The company will also commit up to $50 million to Masdar’s cleantech investment fund.

