Low carbon cities and the development of cleantech innovation clusters in oil-rich economies: A case study on Masdar City

Nitin Kumar, Zhanna Kapsalyamova, I. Tsung Tsai

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Can oil-rich economies turn into low-carbon economies or achieve the even more ambitious goal of transforming into hot spots of clean technology (hereafter ‘cleantech’) innovation? And, if so, what policies would help to engage the private sector? The Masdar City initiative, a US$18 billion project initiated by the Abu Dhabi government in 2006, aims to achieve such goals by attracting 1,500 cleantech R and D and manufacturing companies to establish a presence in a city of green buildings, zero-carbon transport and a low-carbon environment. This chapter investigates the effectiveness of different policies to incentivise relocation of cleantech firms to Masdar City. Results from an ordinal regression analysis of survey data from cleantech firms shows that factors such as easy access to customers and suppliers, as well as seed funds, tax exemptions and business-friendly local regulations, are critical for increasing firms’ interest in relocating to Masdar City.

Original languageEnglish
Title of host publicationSustainable Energy in Kazakhstan
Subtitle of host publicationMoving to Cleaner Energy in a Resource-Rich Country
PublisherTaylor and Francis
Pages242-264
Number of pages23
ISBN (Electronic)9781351972666
ISBN (Print)9781138238442
DOIs
Publication statusPublished - Jan 1 2017

ASJC Scopus subject areas

  • Social Sciences(all)

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    Kumar, N., Kapsalyamova, Z., & Tsai, I. T. (2017). Low carbon cities and the development of cleantech innovation clusters in oil-rich economies: A case study on Masdar City. In Sustainable Energy in Kazakhstan: Moving to Cleaner Energy in a Resource-Rich Country (pp. 242-264). Taylor and Francis. https://doi.org/10.4324/9781315267302