MIT goes AbuDhabi Masdar green city

Abu Dhabi's green ambitions don't end with the city. It has persuaded the Massachusetts Institute of Technology to create the Masdar Institute of Science and Technology, a graduate school and research institute focused exclusively on renewable energy.

Abu Dhabi wants to position itself as a global center for harnessing new fuels for a time when oil won't be as plentiful.

"It's no longer the issue of pumping oil out of the ground. It's the issue of competing globally for the same issues, and for that, they need highly trained people," MIT professor Fred Moavenzadeh said.