Dubai is studying the reduction in emissions seen during the Covid-19 movement restrictions, in order to create a baseline for future curbs on greenhouse gases.
The emirate, which reduced carbon emissions by 22 per cent in 2019, is already performing above the targeted level of reduction, according to senior officials from Dubai Electricity and Water Authority.
“Because of Covid definitely, the number of cars was very limited on the roads and other operations were a little limited and that caused a lot of reduction in CO2, and this is normal, not only in the region but globally,” Waleed Salman, executive vice president of business development and excellence at Dewa told reporters.
The utility is studying the reduction in emissions internally as well as in collaboration with the Dubai Supreme Council of Energy.
“We have elected to look at this as a special case and do the reset and look at the possible knowledge that we can take as a lesson learnt from the situation and how we can build it up and make it as a business-as-usual in the future,” Mr Salman said.
He was speaking at the launch of annual trade events, Wetex and the Dubai Solar Show, which are being held online from October 26 to 28.
Dewa managing director and chief executive Saeed Mohammed Al Tayer said the utility’s efforts towards conserving energy, particularly through retrofitting high-rise buildings and the push towards installing photovoltaic panels through the Shams Dubai initiative also paid off.
Dubai derives 9 per cent of its energy needs from clean sources, Dewa said.
The emirate slashed more than 14 million tonnes of carbon emissions in 2019, a 22 per cent reduction, according to the Supreme Council of Energy.
Dubai plans to derive three-quarters of its total power capacity from clean sources by 2050, with the massive Mohammed bin Rashid Solar Park expected to reach 5GW capacity by 2030.
The utility, which is currently overseeing development work on the fourth and fifth phases of the Mohammed bin Rashid Solar Park has around 1,850 megawatts worth of solar capacity under construction onsite. Dewa has a total installed capacity of 11,700MW of electricity, including those from conventional sources.
Dewa is diversifying its renewable energy sources and is currently undertaking development of a 250MW hydroelectric power plant – the GCC's first – at Hatta. The utility awarded construction contracts to a consortium comprising Strabag and its Dubai affiliate as well as Andritz Hydro and Ozkar. The project, which is expected to attract Dh1.421bn in investments, is set for commissioning by February 2024.
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COMPANY%20PROFILE
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
MATCH INFO
Burnley 1 (Brady 89')
Manchester City 4 (Jesus 24', 50', Rodri 68', Mahrez 87')
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
COMPANY%20PROFILE
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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