UAE's Masdar Inks Carbon Trading, Cleantech Deals

The New York Times
By MICHAEL BURNHAM of Greenwire
Published: January 19, 2010

The United Arab Emirates' ambitious Masdar "eco-city" is positioning itself to profit from a carbon-constrained global economy.

The desert city, slated for completion over the next decade, would generate electricity on site from the wind and sun and produce zero net greenhouse gas emissions. And in a new twist, Masdar also would generate cash by buying and selling carbon dioxide emissions globally.

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