Dewa managing director and chief executive Saeed Mohammed Al Tayer. Dubai cut more than 14 million tonnes of carbon emissions in 2019, a 22% reduction. Chris Whiteoak / The National
Dewa managing director and chief executive Saeed Mohammed Al Tayer. Dubai cut more than 14 million tonnes of carbon emissions in 2019, a 22% reduction. Chris Whiteoak / The National
Dewa managing director and chief executive Saeed Mohammed Al Tayer. Dubai cut more than 14 million tonnes of carbon emissions in 2019, a 22% reduction. Chris Whiteoak / The National
Dewa managing director and chief executive Saeed Mohammed Al Tayer. Dubai cut more than 14 million tonnes of carbon emissions in 2019, a 22% reduction. Chris Whiteoak / The National

Dubai studying Covid-related emissions decline for future case scenarios


Jennifer Gnana
  • English
  • Arabic

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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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

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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

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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.

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