The Abu Dhabi Sustainability Week (ADSW) 2023 sets the stage for this year’s UN Climate Change Conference (Cop28) and drives forward decisive action to help deliver a net-zero future.
Established in 2008, ADSW is a global initiative championed by the UAE and clean energy powerhouse Masdar to accelerate sustainable development and advance economic, social and environmental progress.
Running from January 14 to 19, this year’s event is one of the most significant yet.
Under the theme “United on Climate Action Towards Cop28”, ADSW 2023 demonstrates the UAE’s commitment to practical and inclusive action to decarbonise industries and lead the green energy transition.
The event brings together heads of state, industry leaders, entrepreneurs, investors, senior policymakers and youth to further sustainability initiatives and climate action globally.
Held under the patronage of President Sheikh Mohamed, ADSW 2023 provides a global platform for collaboration to transform sustainability pledges into practical solutions to some of the world’s most pressing challenges.
“There has never been a more critical time for global leaders to come together to advance our collective needs for climate action,” said Dr Sultan Al Jaber, President-designate of Cop28, Minister of Industry and Advanced Technology, and chairman of Masdar.
“Through ADSW 2023 and hosting Cop28 later in the year, the UAE is honoured to serve as a meeting place to gather the global community to discuss the issues, partnerships and solutions needed to meaningfully advance net zero in support of a better future for all.
“I look forward to welcoming my international counterparts and colleagues at ADSW 2023, which is sure to be the most impactful ADSW ever and will help set the stage for a productive Cop28.”
The week will focus on four themes: Partnering for action, technology and innovation, people, planet and profit; and the global energy transition. It will also explore critical topics including food and water security, energy access, industrial decarbonisation, health and climate adaptation.
“Climate and the energy transition sit at the core of national plans, and as a responsible global investor, Mubadala is working with sovereign wealth funds and investment partners to progress climate action and deliver positive outcomes for people and society,” said Khaldoon Al Mubarak, managing director and group chief executive of Mubadala Investment Company.
“Through our partnership with ADSW and as an investor in the energy transition for over 15 years, we are committed to utilising our networks and working with partners to scale the energy transition and support climate goals.
“ADSW has also proven itself to be an enabler of climate and energy innovation and sustainable technologies, and we are committed to carrying that momentum into Cop28 later this year.”
ADSW will also be a pivotal, strategic milestone ahead of the coming Cop28 in the UAE, which is focused on accelerating climate action by leveraging the outcomes of the first global stocktake of the Paris Agreement.
“ADSW has witnessed remarkable growth and development over the past years to become one of the leading global think tanks,” Awaidha Al Marar, chairman of the Abu Dhabi Department of Energy (DoE), said.
“It adds to Abu Dhabi's distinguished and proven record in hosting international events, attracting global leaders, experts, specialists and operators in the energy and industrial sectors, to re-examine and evaluate the continuing efforts to reduce the effects of climate change, and the expansion of the deployment and use of clean energy.
“Abu Dhabi has set an ambitious sustainability agenda over the past 15 years and has taken important measures in this regard.
“The emirate now accounts for nearly 70 per cent of all renewable energy projects in the region, as well as being the first in the region to use carbon capture technology on an industrial scale, and the first to use peaceful nuclear energy.
“Up to 25 per cent of the UAE's electricity needs are expected to be produced from nuclear energy, reducing the emission of up to 21 million tonnes of carbon emissions each year.”
Mr Al Marar said ASDW “provides an incentive and opportunity to launch this journey by showcasing our efforts to increase the share of clean energy in electricity generation”.
“It also showcases our innovations in promoting energy efficiency to contribute to mitigating the effects of climate change to support the UAE's strategic initiative for climate neutrality by 2050 and achieving the emirate's ambitions for sustainable economic growth,” he added.
Jasim Thabet, group chief executive and managing director at Abu Dhabi National Energy Company (Taqa), said that ADSW will serve as a platform for Abu Dhabi's low-carbon power and water champion to engage with other industry leaders on the challenges of accelerating the global development of renewable power and other low carbon energy sources.
“ADSW is an excellent platform for exchanging expertise and knowledge on the innovative and sustainable technologies essential for delivering solutions to help in our fight against climate change,” Mr Thabet said.
“To safeguard future water security and deliver cleaner, emission-free energy, the international community needs to accelerate efforts for the transition towards renewable resources in line with ESG principles and global best practices.”
Supporting the UAE’s ambitions to achieve net zero by 2050, Taqa recently announced its own environmental, social and governance (ESG) strategy that includes interim greenhouse gas emission reduction targets.
“We have committed to a 25 per cent reduction across the group, including a 33 per cent reduction within our UAE portfolio by 2030 en route to delivering net zero by 2050,” he said.
With Cop28 on the horizon, Taqa, as one of the largest integrated utility companies in the region, “will leverage its global expertise to help drive discussions around the practical steps needed to tackle climate change and to capture the opportunities that come from delivering an emissions-free future”, Mr Thabet said.
This year’s summit will also include for the first time a dedicated Green Hydrogen Summit, from January 17-18. Green hydrogen is of growing importance as an energy resource, especially for the so-called hard-to-abate industries.
The summit will discuss developments in hydrogen production, conversion, transport, storage and use, and help shape the future of this key emerging sector.
Key events of ADSW 2023 include the Annual General Assembly of the International Renewable Energy Agency (Irena) on January 14-15, the opening ceremony and Zayed Sustainability Prize ceremony on January 16 and the ADSW summit on January 16 and 17.
Others include the World Future Energy Summit and the Youth 4 Sustainability Hub on January 16-18, Innovate Initiative from January 16-19, the WISER Forum on January 17, the Green Hydrogen Summit on January 18, and the Abu Dhabi Sustainable Finance Forum on January 19.
Sustainability legacy
Since its inception, ADSW has brought together global leaders to discuss, engage and debate climate action and innovation that will ensure a sustainable world. More than 60 heads of state have attended.
ADSW host Masdar is advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges.
Established in 2006, Masdar is active in more than 40 countries, helping them to achieve their clean energy objectives and advance sustainable development.
Masdar is jointly owned by Adnoc, Mubadala Investment Company and Taqa, and under this ownership, the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Pakistan v New Zealand Test series
Pakistan: Sarfraz (c), Hafeez, Imam, Azhar, Sohail, Shafiq, Azam, Saad, Yasir, Asif, Abbas, Hassan, Afridi, Ashraf, Hamza
New Zealand: Williamson (c), Blundell, Boult, De Grandhomme, Henry, Latham, Nicholls, Ajaz, Raval, Sodhi, Somerville, Southee, Taylor, Wagner
Umpires: Bruce Oxerford (AUS) and Ian Gould (ENG); TV umpire: Paul Reiffel (AUS); Match referee: David Boon (AUS)
Tickets and schedule: Entry is free for all spectators. Gates open at 9am. Play commences at 10am
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Miss Granny
Director: Joyce Bernal
Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa
3/5
(Tagalog with Eng/Ar subtitles)
THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
FIGHT CARD
Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)
Catchweight 67kg Mohamed El Mesbahi (MAR) v Fouad Mesdari (ALG)
Lighweight Abdullah Mohammed Ali (UAE) v Abdelhak Amhidra (MAR)
Catchweight 73kg Mostafa Ibrahim Radi (PAL) v Yazid Chouchane (ALG)
Middleweight Yousri Belgaroui (TUN) v Badreddine Diani (MAR)
Catchweight 78kg Rashed Dawood (UAE) v Adnan Bushashy (ALG)
Middleweight Sallaheddine Dekhissi (MAR) v Abdel Emam (EGY)
Catchweight 65kg Rachid Hazoume (MAR) v Yanis Ghemmouri (ALG)
Lighweight Mohammed Yahya (UAE) v Azouz Anwar (EGY)
Catchweight 79kg Omar Hussein (PAL) v Souhil Tahiri (ALG)
Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)
UAE currency: the story behind the money in your pockets
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
More from Rashmee Roshan Lall
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The five pillars of Islam
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
UAE v IRELAND
All matches start at 10am, and will be played in Abu Dhabi
1st ODI, Friday, January 8
2nd ODI, Sunday, January 10
3rd ODI, Tuesday, January 12
4th ODI, Thursday, January 14
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
If you go…
Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.
Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days.
MATCH INFO
Everton v Tottenham, Sunday, 8.30pm (UAE)
Match is live on BeIN Sports
MEYDAN RESULTS
6.30pm Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m
Winner ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer).
7.05pm Maiden (TB) Dh165,000 (D) 1,200m
Winner Galaxy Road, Antonio Fresu, Musabah Al Muhairi.
7.40pm Maiden (TB) Dh165,000 (D) 1,400m
Winner Al Modayar, Fernando Jara, Ali Rashid Al Raihe.
8.15pm Handicap (TB) Dh170,000 (D) 1,900m
Winner Gundogdu, Xavier Ziani, Salem bin Ghadayer.
8.50pm Rated Conditions (TB) Dh240,000 (D) 1,600m
Winner George Villiers, Tadhg O’Shea, Satish Seemar.
9.25pm Handicap (TB) Dh175,000 (D)1,200m
Winner Lady Parma, Connor Beasley, Satish Seemar
10pm Handicap (TB) Dh165,000 (D) 1,400m
Winner Zaajer, Fernando Jara, Ali Rashid Al Raihe
Results
2.30pm Maiden (PA) Dh40,000 1,200m
Winner Lamia, Tadhg O’Shea, Ernst Oertel.
3pm Handicap (PA) Dh40,000 1,000m
Winner Jap Al Afreet, Elione Chaves, Irfan Ellahi.
3.30pm Handicap (PA) Dh40,000 1,700m
Winner MH Tawag, Bernardo Pinheiro, Elise Jeanne.
4pm Handicap (TB) Dh40,000 2,000m
Winner Skygazer, Sandro Paiva, Ali Rashid Al Raihe.
4.30pm The Ruler of Sharjah Cup Prestige (PA) Dh250,000 1,700m
Winner AF Kal Noor, Tadhg O’Shea, Ernst Oertel.
5pm Sharjah Marathon (PA) Dh70,000 2,700m
Winner RB Grynade, Bernardo Pinheiro, Eric Lemartinel.