We have a special connection with the institute because of the Massachusetts Institute of Technology, one of our nation’s top universities, and because of the Department of Energy. We believe that the work that is being done here at Masdar has the potential to solve some of the most urgent challenges facing our planet. How do we develop sustainable energy sources that can power our cities without contributing to climate change? How do we create technologies that are scalable and both use less power and are widely affordable? How do we supply water for drinking and farming in places where fresh water sources are decreasing? How do we achieve economic growth without relying so heavily on fossil fuels where they’re drilling for them, selling them, buying them, or burning them?
...I want my country to know how advanced you are in pursuing clean, renewable energy. I want the world to know that the United States is partnering with you, because we are betting on Abu Dhabi and the UAE. We are betting that this incredible investment represented by Masdar is going to pay off. And when it pays off, it will not only mean a better life for the people of this country and this region. It will have ripple effects throughout the world.