Good question!

Technology Review, besides being a great magazine edited by Jason Pontin, who I have known since the heyday of Red Herring, also puts on some great conferences. So I was excited and honoured to be invited to EmTech Spain, a two day conference in Malaga focussing on emerging technologies.

Along with my World Economic Forum colleague Javier García Martínez of Rive Technology and the University of Alicante,  we were discussing what nanotechnology is, how to build a business out of it, and where it will take us.

Normally at these kind of conferences, discussing everything from the future of cities to social media, nanotech is one of the most futuristic and least understood technologies on the agenda – making me feel like a cuckoo in the nest when most peoples idea of emerging technology is something that they can have on their iPhone next week. However the “imagine a world where…” speech was given by Richard Kivel this time, discussing regenerative medicine, while Javier and I discussed existing and future applications of nanotechnologies.

So what use is nanotechnology? Simple, I think is makes a key contribution to addressing issues such as energy and health, allowing us to support today’s 7 billion and tomorrow’s 10 billion people in an increasingly sustainable manner. You can read my thoughts in the original Spanish, or as a rougher and less polished Q&A in English below.

(Foreword to Using Emerging Technologies to Address Global Risks , October 2011)

This is a question that often comes up in our dealings with global policy makers who spend huge sums on scientific research while simultaneously being fearful of its consequences. Many believe that it is somehow important for the economy in an undefined and non-quantifiable manner, or that it is some kind of logical next step along the path that starts with scientific curiosity. Perhaps a better way of viewing technology would be as a mechanism through which science is applied to meet the needs of society, and that holds true whether the needs of society are getting rich quick, curing cancer, or both.

But there is another less beneficial view of technology. The idea that technology is responsible for environmental degradation, especially when coupled with population growth, is a powerful one that has held true since the industrial revolution. It is human nature to fondly imagine an agrarian pre-industrial utopia, while forgetting the regular plagues and famines that resulted in an average life expectancy of 35 years in pre-industrial Britain.  The idea that technology is a bad thing is a situation that has existed for much of the 20th century and persists into the 21st, partly as a result of confusion between technology itself and those individuals and corporations who control and exploit it.

But it is time for a change. In fact a change is inevitable. Human history is littered with technological advances that have changed everything, and much faster than anyone could have imagined.  The agricultural, industrial and information revolutions have resulted in massive changes to the economy, society and the way in which we interact with the environment.

Since the second world war, science and technology have moved faster and had a more profound impact on human society than at any other point in human history. We have moved from black and white television exploding onto the market in the early 1950s to more than 800 million people using Facebook within 60 years. While television took 3 decades to diffuse around the world, Facebook did it in 3 years. Technology has driven economic growth around the world and led to vast improvements in the quality of life for much of the global population, but it has come at a price: the rise of consumerism has resulted in environmental degradation on an unprecedented scale.

It is time to reappraise our relationship with technology and take control of its direction. With an increasing global population becoming ever more affluent, the pressure on resources coupled with climate change will inevitably lead to more wars, water shortages, famines and mass migration. Or will it?

If profound economic, societal and environmental changes are inevitable then why do we still address them in the same way we have for millennia, by being helplessly reactive? In the 21st century, science and technology has advanced to a stage where we can start taking control of the fruits of scientific progress rather than being powerless in the face of their development and exploitation.

We already have many of the technologies we need to address major global problems such as water shortages and disease, and there is no reason why inevitable environmental disasters such as oil spills still have to be tackled using antiquated technology when a hundred million dollars could give us the technologies to reduce the impact of oil spills to almost zero. Many other emerging technologies are being developed that would allow the world to support 10 billion people without compromising the tremendous growth in quality of life that has taken place over the last century.

At Cientifica we establish  how we can harness technologies for the global good. While we still lack the political will and necessary international institutions, we now have the knowledge and the tools to make the transition from being mere consumers of, and in some respect slaves to technology, to making use of  the new scientific revolution to mitigate and minimise global risks.

While it would be foolish to claim that the wise use of science and technology will usher in a utopian age, there is little doubt that we now have the tools to create a sustainable and responsible world where human suffering and environmental degradation can be alleviated while maintaining economic growth.

Sometimes it’s good to take a step back and re evaluate what we are doing and why, something my good friend Doug Mather of the Creation Company has been urging people to do for years. It is very easy, whether in science or in business to develop myopia or tunnel vision, concentrating so hard on one particular task or goal that the rest of the world slips by almost unnoticed.

I find my release from the pressures of keeping up with science and running a number of businesses by hill walking – getting blown around on the top of Pen-y-Ghent or picking my way through the granite pillars of the Sierra de Guadarrama allows me to switch off from email and phone calls for long enough to ponder the big issues rather than picking through the daily list of to do’s.

Part of this big picture thinking led to the publication by the World Economic Forum yesterday of a new paper I authored with Andrew Maynard where we set out how we see the Role of Technology Innovation in an Increasingly Interdependent, Complex and Resource-constrained World.

You can download the full paper here, but in summary we are asking a very simple question – How can technology be best used to improve the lives of everyone on the planet?

While there have been some recent backlashes against technologies recently, and at many meetings of NGOs I attend there is some deep suspicion that technology is the result of  a sinister conspiracy by governments and businesses, technology has almost always been a force for good.

Obvious examples are the harnessing of fire, and the invention of agriculture, which started the transition of humans from hunter-gatherers to philosophers and Internet addicts. But perhaps the most startling transformation over the past fifty years has been in medicine, with many diseases that were killers being irradiated or, in the case of an increasing number, becoming chronic conditions.  One hundred years ago few people who went into an operating theatre came out alive, now it’s the vast majority.

But that is all in the past, and while we often think that technology is chugging along quite nicely as we browse Facebook on our iPads, we have to take that steep back and wonder whether technology is capable of addressing the big issues? Can an iPad help with meeting the energy demands of an increasingly wealthy world, or help avert wars over scarce resources such as water?

The vision that we set out in the paper is one where we take a longer term view of emerging technologies and their uses. To enable the increasing range of emerging technologies to be harnessed for good of everyone requires some new thinking about why and how we develop technologies, as we explain over at the World Economic Forum’s blog.

Through the work of the World Economic Forums Global Agenda Councils, we are developing and deepening inter linkages between emerging technologies and groups looking at other global issues, from climate change to innovation.  In the scientific community we are preaching to the converted, but it is now time to take the message to the politicians and business leaders, the people who make the real decisions.

I spent some time in the ever fascinating city of Geneva this week for some meetings with the World Economic Forum where, as always, we are trying to figure out what to do about the world right now while trying to understand how the future will look – hopefully better than the present is the short answer!

One of the problems with predicting the future is that it is very easy to be horribly wrong. Predictions tend to fall into two camps, the incremental and the disruptive. The incremental view is that everything will continue along the current path while getting marginally better.  Following this path mobile phones were predicted to gradually shrink in size until they could be worn as wristwatches, but no one foresaw either the iPod/iPhone or text messaging.

On the disruptive side predictions involve huge shifts and changes, with for example manufacturing being replaced with nanotech and biotech, or, as every investor gets told by every entrepreneur, new products emerge which blow away all competition and disrupt the entire market.

While the first approach shows a lack of imagination, the second perhaps indicates a rather over active imagination, and the true path of the future lies somewhere in between – but not, I should caution, at some midway point.

This becomes important when I work with organisations on corporate technology strategies – how to keep an eye on the future and an option on potential disruptive technologies while maintaining growth in the current business and of course being able to respond to emerging opportunities? For many corporate people, the constraints of their organisation means that while they really do understand their business and markets inside out, they often end up either overspecialised, or over sensitive to internal business drivers that cause the bigger picture, and with it sometimes the bigger opportunities to be missed.

This became apparent when discussing the issues facing the chemical industry. Many resources are in increasingly short supply, and this may be political, such as rare earths, or structural, such as most metal ores where all the high quality ore has long been mined out. While there is a lot of discussion about how to manage resources, one of my major themes recently has been whether we can replace them?

This becomes crucial when you look at our dependence on resources. Lithium, for example, is a very abundant element, but only in a few areas such as Bolivia and Chile does it occur in sufficiently high concentrations to make the mining and processing of it for the lithium ion batteries that power the world economic. It only takes a bit of political instability or an earthquake to bring the world to a very sudden halt, as we saw with oil process in the 1970’s.

Nanotechnology and industrial biotechnology both have huge potential for replacing scarce resources, in the case of biofuels by moving to a second generation where the feedstock doesn’t require the replacement of food crops (or rainforest) with fuel crops, and in nanotechnology by creating entirely new materials. But in both cases, this is something we have to start doing now, rather than waiting for a crisis and expecting to be able to respond quickly enough.

So why were we discussing issues like this with the World Economic Forum? Simple, we’re in a bit of a mess at the moment, and with an extra 3 billion people on the way, all requiring food, land, houses, cars, healthcare, phones, laptops, energy and jobs we have a good idea what the problems will be. What we have to do now is start to imagine how we can stave off the worst effects of this huge and mounting pressure on resources without triggering waves of migration and war.

While the World Economic Forum is trying to create a Global Risk Response Mechanism, I argue that we need to create a system that will allow is to be proactive about risks. While technology cannot mitigate the effects of another banking crisis, and may indeed have contributed to it, we can make some large steps forward in addressing resources, health and climate change.

While accurately predicting the future is difficult, one of the biggest risks that we face, and one with implications far larger than the credit crunch, is not being ready for the future. In an increasing number of businesses and organisations that I work with are getting that message, but the real question is whether governments and policy makers will listen?

I spent last weekend in a rather hot Doha (Qatar), surrounded by Emirs, Queens, Princes and Prime Ministers at the World Economic Forums Global Redesign Initiative meeting. It’s an organization I have been involved with for the past six years, through both the Technology Pioneers program and the Global Redesign Initiative.

As the world changes at an ever increasing pace, with new challenges from the financial, technology and natural worlds coming thick and fast, there have been questions over whether international institutions, from the United Nationals to the International Monetary Fund are able to cope.

“Today’s institutions are organized to solve yesterday’s problems” – Mark Malloch Brown, World Economic Forum Global Redesign Meeting, Doha, May 2010

A large part of the change, from the time when most institutions were set up in the aftermath of the second word war has been the explosive growth in communication. When the UN was founded television was only available to a very few people, whereas in 2010 almost five billion people have access to the Internet. The proliferation of Internet enabled devices from iPhones to sensors and the expanding use of social networking such as Twitter and Facebook would have been unimaginable even thirty years ago when the Internet was still an emerging technology.

But technology can present a hazard as well as a risk. While presenting many opportunities that benefit the planet such as raising awareness of global issues and encouraging international cooperation, the Internet can also be used for identity theft and spreading pornography, or even challenging the legitimacy and authority of governments.

With all emerging technologies to date, from the Internet to genetically modified organisms (GMOs), the understanding of the implications by governments and international institutions has lagged way behind the deployment of the technology.

The same is true for the emerging technologies of the 21^st Century. Nanotechnologies, synthetic biology and geoengineering have undoubted potential for good, especially in proactively addressing the issues which will inevitably arise in a world where nine billion people face increasing competition for resources, from food and water to power and natural resources. But equally inevitable is the potential for misuse, from home brew bioterrorism to environmental pollution, and in the case of geoengineering the potential for global disaster even though technologies may have been deployed with the best of intentions.

These emerging technologies, and their inter-linkages with civil society have the potential to shape and reshape our world even more profoundly than the Internet, and the ease of access to information and computing power means that in the 21^st century world changing breakthroughs are as likely to come from the mind of student as from a large multinational corporation.

The reactive nature of institutions is inherent in their nature, and we are proposing the creation of a mechanism to support faster, more fact based decision-making, and to provide the knowledge which would enable a proactive approach to be taken to both the risks and the opportunities arising from 21^st Century emerging technologies.

The full proposal for the Centre for Emerging Technology Intelligence is contained in the WEFs Global Redesign Initiative report, and you can also download a copy here.

I’m happy to say that the idea is receiving increasingly strong support from both Governments and companies who are increasingly realizing that in today’s world, taking a passive and reactive approach to global issues will be always more expensive than developing risk avoidance technologies in advance.

You can see (and hear) more about the WEF Global Redesign Initiative below

Kristin Alford who was also at last weeks SMO Cleantech Confernce has a thought provoking piece on anti trends, inspired by Stefan Hajkowicz’s overview of Megatrends which I discussed yesterday.

It’s an theory I can agree with – just because there is a trend doesn’t mean that everyone will go along with it, and the anti trends can sometimes have more impact than the trends themselves, punk rock and organic food being two recent examples. While mega trends are global, the effect of anti trends becomes magnified as we get down to more local levels. Anyway, back to CSIROs megatrends and Kristin’s anti-trends…

Megatrend 1: More from Less – A world of limited and depleting resources with increasing demand for those resources through economic growth and increases in population. A need to focus on resource use efficiency.

Anti-trend 1: Less from Less – A world of limited resources and depleting resources, with demand for those resources slowing as people appreciate these limitations. People are turning to multi-functional devices, reusable items and buying experiences and therefore require less products.

Megatrend 2: A Personal Touch – personalisation of products and services. Growth of the services sector of western economies is being followed by a second wave of innovation aimed at tailoring and targeting services.

Anti-trend 2: Reducing Choice – A backlash against too much choice. People shop at ALDI, make choices between only two suppliers (eg Mac or PC) and look for ways of simplifying decision-making.

Megatrend 3: Divergent Demographics – OECD countries are ageing and experiencing lifestyle and diet related health problems. The developing and underdeveloped worlds show high fertility rates and food scarcity.

Anti-trend 3: Growing Global Health – Improved treatments for chronic diseases lead to longer lifespans with better health outcomes. Education and application of technologies within local values in developing world also improve health outcomes and slow fertility growth.

Megatrend 4: On the move – Move to cities and people are increasingly mobile, changing jobs and careers more often, moving house more often, commuting further and travelling more often.

Anti-trend 4: Fulfilment – Young people are urged to follow passions, which lead to a range of jobs, but some consistency in career. New online technologies deliver improved face to face opportunities for connection, leading to less travel.

Megatrend 5: iWorld – digital and natural convergence. Everything in the natural world will have a digital counterpart. Computing power and memory storage are improving rapidly. Many more devices are getting connected to the internet.

Anti-trend 5: Opting out – Not everything will have a digital shadow if sections of the community are able to opt-out.

Thought provoking stuff, and also an alternative way at looking at investment opportunities. While much of venture capital goes into ‘me too’ investments such as solar, biofuels, social media, which drives up valuations and invariably ends in disappointment for most investors, spotting the opportunities in anti trends gives smart investors a way to leverage niche opportunities at low cost.

Most investment decisions are based on following a consensus view of the future, and while maverick anti trends are high risk, they also have the potential for much higher rewards.

According to JP Morgan, flying to 21186 miles to Melbourne and back for a clean tech conference generated 5.63 tonnes of carbon dioxide, but unlike most conferences on this subject the hot air emissions were negligible.

The Sir Mark Oliphant Cleantech: Mainstream and at the Edge conference was refreshing for the positive outlook on cleantech rather than the self flagellation that usually goes along with this kind of event. While there were a few graphs showing frightening population statistics, with dire predictions of resource and energy use, they were mostly used to illustrate how a combination of human ingenuity and technology could be used to solve problems. None of the speakers even suggested smashing the corrupt capitalist system as happens so often at green events.

Megatrends

From my perspective, as hopefully a purveyor or at least enabler of technology based sustainability, the advantage of this kind of event is to see what the real drivers are, the market for the technology, and then try to find the science and engineering to solve the problem. This probably explains my rapt attention to talks like Stefan Hajkowicz’s excellent overview of Megatrends (the full report is available here), which looked at the “trends, patterns of economic, social or environmental activity that will change the way people live and the science and technology products they demand.”

I wasn’t too happy about the use of data from a rather flawed WEF risk report which identified nanotechnology as a risk on a par with an asset price collapse, a slowing Chinese economy, oil and gas price spikes, extreme climate change related weather, pandemic, biodiversity loss and terrorism. We seem to keep finding echoes of the grey goo fears of ten years ago in these kind of documents, something for the science communication experts to ponder.

Also fascinating was Ellen Sandell’s talk on her work with the Australian Youth Climate Coalition, a mobilisation of 50,000 young people who just couldn’t wait for Copenhagen, Davos or Canberra to reach an agreement, or for the Friends of the Earth or Greenpeace to stop politicking and decided to get things moving themselves.

So given that we know what to expect, and we have no lack of youthful enthusiasm to push us along, there’s no real excuse not to act.  We should be demanding of our politicians that we develop new technologies not new taxes, and that we use our scientific knowledge of the natural world to make it a better place.

The news gets even better, as many of the speakers mentioned, in that you can make the world a better place and make money.

No worries!

The Sir Mark Olifant Cleantech conference has been a lot of fun so far, from Eric Isaac’s opening overview of the the issues (and solutions) to Stefan Hajkowicz’s analysis of megatrends that will shape our future technology development.

I’m still struck by how much cleantech seems to be focused in a few rather obvious areas, something which effectively prices a lot of technologies out of the market, and the excessive valuations thus generated tend to make it almost impossible to get a return for most investors. Sometimes meeting the problem head on isn’t the best strategy, and it is better to wait until a problem has been cracked and then capitalise on the myriad opportunities that spin out – as with mobile phones you don’t have to invent the device to make money from it.

My focus is more on how nanotechnology, by its nature is more akin to what nature does. As Eric Isaacs mentioned this morning, we are almost at the stage where we can create materials by design, or in his his words ‘we can almost taste it’ – something that opens up a whole new world of sustainable everything.

A preview of my presentation is available here – with the caveat that it works better if you hear me tell the story behind it!

Twenty Four hours ago my colleague Dexter Johnson asked my opinion about what nanotechnology could do to help clean up the huge oil spill in the Gulf of Mexico, and I reluctantly said “not much.”

But this doesn’t have to be the answer, we probably have access to most of the technologies that we would need to make a big dent in the environmental mess that is unfolding, but why haven’t they been used?

The answer, as Andrew Maynard and I found out through our work with the World Economic Forum, is that most governments are reactive rather than proactive. The emphasis is on regulating risk rather than developing technologies that would help us deal more effectively with risk, and this disaster illustrates how, when something goes wrong, governments want to be able to pluck fully formed technologies from a tree. Unfortunately the branches are bare.

So what should we be doing to help us deal with inevitable disasters? Hindsight is a wonderful thing, but with a bill estimated at $15 billion for this incident alone, shouldn’t we be spending a few hundred million on making sure that we have the right technologies?

Between nanotechnology, industrial biotech and perhaps even synthetic biology, and not forgetting traditional chemistry I’d bet that we already have 90% of the technology we need. Light, strong, resistant materials for plugging leaks and corralling slicks, enzymes to transform oil into something more manageable, and dispersants to break up the slicks.

It is a certainty that somewhere in the world we will have another oil spill. What is less certain that by then we will have developed the technologies to stop an accident becoming a catastrophe.

There’s nothing like the mention of Geoengineering to get environmental groups even madder than putting a wasps nest down their trousers and beating them with a cricket bat, and for good reason. The idea that we could do something about climate change that didn’t involve re-engineering the political system would mean that we don’t have to live in caves, grow beards and ride bicycles. More annoyingly, some kind of techno fix would deprive some groups of a platform for the various other anti capitalist/globalisation/consumer agendas that have somehow got mixed up with sustainability.

Our old friends the ETC group, who spent the last ten years objecting to nanotechnology on rather questionable grounds, have reactivated their global network to write an open letter to “the upcoming privately organized meeting on geoengineering in Asilomar, California” which aims to look at a voluntary code “for the least harmful and lowest risk conduct of research and testing of proposed climate intervention and geoengineering technologies.”

What really gives the game away is their objection, or rather their outrage on behalf of a number of Philippines farmers groups, to the “almost exclusively white male scientists from industrialized countries” who will be at the conference.

Come on guys, why don’t you just come out and say that you are outraged by the lack of ethnic diversity in science, peeved about people making money out of it and hopping mad about not being seen as being important enough to be invited? What’s geoengineering, synthetic biology, nanotechnology or biotech got to do with it? Apparently absolutely nothing.

Stop that talk of nanobots, this is getting silly!

The UK Ministry of Defence released its latest ‘Global Strategic Trends – Out to 2040‘ study last month, and it’s a good read (even for non spooks) covering everything from terrorism to to climate change and their impact on geopolitics.

The report identifies four key issues, Globalisation, Climate Change, Global Inequality & Innovation which will dominate the next thirty years. The first three are fairly obvious, but I liked the rather rational approach to innovation which seems to put the military at odds with much of the ‘Cleantech industry.’

Innovation and technology will continue to facilitate change. Energy efficient technologies will become available, although a breakthrough in alternative forms of energy that reduces dependency on hydrocarbons is unlikely. The most significant innovations are likely to involve sensors, electro-optics and materials. Application of nano-technologies, whether through materials or devices, will become pervasive and diverse, particularly in synthetic reproduction, novel power sources, and health care. Improvements in health care, for those who can afford it, are likely to significantly enhance longevity and quality of life.

For those interested in how the military see nanotechnologies, there is a specific mention:

Nanotechnology focuses on manipulating matter at the atomic and molecular scale, generally at less than 100 nanometres in size. At this size, and using other scientific disciplines, the characteristics of matter can be changed. This will create new and unique properties with profound and diverse applications. Advances in nanotechnology, at the interdisciplinary frontier where physics, chemistry and biology meet, will be a key enabler of technological advance, involving: new additives and coatings; materials and sensor development; and medical treatments and heath diagnosis. Products will be smaller and more energy efficient. They will be designed and manufactured with atomic precision and less production waste. Out to 2020, defence applications, in convergence with other disciplines, are likely to be predominantly in sensors, electro-optics and materials, including biologically active agents and surface- engineered materials. Additionally, integrated nano-devices will lead to the emergence of small, swarmed and autonomous systems. The application of nanotechnologies, whether through materials or devices, will become pervasive and diverse, particularly in manufacturing (strong lightweight materials for transportation applications), synthetic reproduction, novel power (battery) sources and health care (targeted drug delivery and augmented medical treatments).

Much of it is sensible, but the term ‘synthetic reproduction’ pops up a few times, perhaps a hangover from the old nanobot days when planners envisaged hordes of nanobots devouring enemy tanks?

I always loved James Burke’s double act with Patrick Moore on the Apollo missions, but he really came into his own when he became a science historian, making connections between technological development and its impact.

Here he is from 1989, or 2050, looking at the impact of climate on humans and the impact of humans on climate. While the speculation is 20 years out of date it’s still a very clear explanation of how things work.

Image by United Nations Photo via Flickr

The next couple of weeks will be dominated by the Copenhagen Summit on Climate Change, and probably some nasty brutish debate with science caught somewhere in the middle. While the negotiators fumble towards a compromise that keeps all the vested interests happy while appearing to be taking tough action, I’ll be busy pushing the idea that we should actually do something about it.

Unfortunately the political response to climate change so far has been simply to set targets and impose taxes. While every politician knows that the only way to reduce energy consumption would be to double prices, as the recent oil price spike showed, that would be political suicide, so the response has been ‘green taxes’, adding a few pence here, a pound on air passenger duty there, that no one will notice too much.

However, merely taxing and punishing people doesn’t provide a solution and the only way to make a difference is to make sure that we are applying the fruits of four thousand years of science and technology more effectively than we do at present. That means governments supporting science with the fruits of the eco taxes, rather than simply shovelling them into the black holes of the banking system, and NGO’s stopping their knee-jerk anti science reactions and working with the scientific community to find acceptable sustainable solutions.

The most important thing to emerge from Copenhagen will not be a new round of targets, but a real commitment to ensure that the technologies we need to tackle climate change (and this involves nanotech, industrial biotech, geoengineering, synthetic biology and a whole range of other technologies that are currently unpalatable to the huge swathers of the ‘stop climate change’ lobby) can be effectively developed and deployed, and pronto!

The recent news about the debt problems in Dubai contrast with the glitzy no expense spared hotels and conference centres where I spent last weekend with the World Economic Forum, but probably do more to highlight the importance of a diverse technology enabled economy than any amount of lobbying we could do.

While Dubai has led the way for the emergence of the Gulf as a major economic centre, most of my technology work has been done in the neighbouring states, Abu Dhabi, Qatar and Saudi Arabia who, while perhaps being slightly envious of Dubai’s dash to pre eminence in the region with the worlds tallest tower and an indoor ski slope have been taking a more measured approach to development. Most of these countries have been playing the property game too, but also backing this up with major investments in science and technology, and that doesn’t just mean taking stakes in AMD or IBM but making sure that technology fits into the local economy.

The reasons to do this are all the more obvious this week, and in a region with tiny but fast expending populations, ensuring that jobs are created for locals rather than overseas labourers is of increasing importance. It is estimated that Saudi Arabia has 25% youth unemployment, and in a country where 40% of the population is under 15 the petrochemical industry isn’t going to provide all the jobs that will be needed to prevent social unrest.

What is? Increasing the size of the manufacturing sector is a key policy goal in many states, and Mubadala, one of Abu Dhabi’s investment agencies has already announced plans to build an AMD fab in the emirate but this is only the start. The longer term goal, and the financial and political situation in many of the the Gulf states allows the luxury of long term planning, is to develop new technology based industries in materials, aerospace, semiconductors, renewable energy and pharmaceuticals but based on a whole host of new and emerging technologies such as nanotech, industrial biotech and regenerative medicine.

While Dubai may in the eye of a storm right now, the longer term prospects for the region look as bright as the desert sun.

Ozymandias by Percy Bysshe Shelley

I met a traveller from an antique land
Who said: “Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shattered visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
`My name is Ozymandias, King of Kings:
Look on my works, ye mighty, and despair!’
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away”.

An interesting battle is brewing over the hydrogen economy with the Obama administration doubting that fuel cells will make much of a difference over the next ten years to be worth funding and describing the decision as a reduction of “less effective programs so we can invest in our economic future.”

Honda, Toyota & General Motors have grumbled bitterly about this as all three have invested heavily in fuel cell research and have a vested interest in the US Government putting up the billions needed to develop a hydrogen infrastructure.

The key problem is hydrogen storage, ever since we found that carbon nanotubes were spectacularly useless as storing hydrogen there just hasn’t been enough convincing progress on this issue. Compare this to what has been happening in batteries where everyone from A123 to Altair have been applying nanomaterials to produce lighter and faster charging batteries and you can understand the DoE shifting its priorities from the clean tech equivalent of nuclear fusion to something a bit more tangible.

If we want a longer term research project, I’d back using synthetic biology to produce a renewable source of petrol. The current proposals to add noises to electric vehicles to stop people sneaking up on blind people and squashing them is as ridiculous as vegetarian bacon when you can have the full throated roar of a V8 instead.