CertaLink arrives at a time when the eyes of the world are turning towards Cop28
CertaLink arrives at a time when the eyes of the world are turning towards Cop28
CertaLink arrives at a time when the eyes of the world are turning towards Cop28
CertaLink arrives at a time when the eyes of the world are turning towards Cop28

Smart certification system from Siemens Energy validates route to green goals



The world is on a vital journey towards a more sustainable future - but much of our essential actions demand systems that ensure we get there effectively and genuinely.

Such is the motivation for Siemens Energy establishing CertaLink Energy Certification, which provides credibility and certainty in the new energy ecosystem.

Using powerful technology, such as blockchain, this smart innovation is designed to guarantee carbon footprint traceability of energy products, imports, and consumption.

CertaLink Energy Certification - in partnership with TÜV SÜD and the German Energy Agency (dena) - brings together scheme holders, independent certification bodies and registries.

Implementation of such a digital service supports the development of sustainable hydrogen and Power-to-X markets, and carbon intensity-reduced energy carriers which are viewed as essential building blocks of an energy transition that is gaining pace.

CertaLink arrives at a time when the eyes of the world are turning towards Cop28 - and will be part of discussions among leaders and prime energy actors during the world climate summit happening November 30-December 12 at Expo City Dubai.

Lavinia Willmann, Digitalisation Lead, Siemens Energy, explains: “CertaLink is a blockchain-based solution able to generate complete transparency about carbon emission levels, greenhouse gas, footprints, you name it, within almost every single production process you have within the energy industry, or industries that are energy intensive.

“It’s the digital application of being able to fully understand, down to a molecular level, where your carbon emissions are coming from, and where they go.”

Decentralised ledger technology allows for automated, timely and legislatively-compliant sustainability certificates to be issued across sectors, and the entire energy value chain.

These contain the relevant information required to prove sustainable origin to meet future governmental requirements, gain customs and tax reductions, leverage the value of specific products, and enable clean energy trading at stock exchanges and other marketplaces.

Dr Fahad Al Yafei, Siemens Energy’s chief technology officer for the Middle East, identifies clear need for certification amid suggestions of ‘green-washing’ within certain sectors or businesses.

“When you take verification of your green product and put it in the hands of distributed nodes (network stakeholders) and public platforms in which everyone is contributing to validating and verifying that your product, to the molecular or megawatt level, is certified green, that adds value to what you are producing and brings global consensus that your product is at par with the regulations,” he says.

“Blockchain by nature is distributed - is not under the control of a singular entity - and that adds up to the validity of what you have.”

CertaLink Energy Certification has proven case study use - and, therefore, effectiveness applicable to anything from ammonia production to SAF (sustainable aviation fuel), traditional energy through to blended fuels, and existing industries that are decarbonising.

This year has seen Siemens Energy apply the system at Nobian’s chlor-alkali electrolysis plant in Germany; Nobian has been providing green hydrogen for two years and, as the first certified chlor-al-kali electrolysis plant, understands the demand for an automated, transparent and fully traceable certification process along the value chain.

Siemens Energy has also implemented and verified its CertaLink system at Chile’s Haru Oni, proving the sustainable green origin of e-fuel in a Porsche motorsport fleet.

This scenario demonstrated the broad spectrum of innovative, climate-relevant technologies at one location.

CertaLink can play a major role in the essential future energy system
CertaLink can play a major role in the essential future energy system

With climate change a looming reality in many lives, real action for cutting globally warming emissions is essential and demands the kind of accounting and sustainability certification CertaLink offers.

“It’s absolutely a matter of time, not just because of Cop28, but simply because before we can apply one million potential actions to decarbonise, we need to understand first how the current situation is,” continues Ms Willmann.

“Our CFO uses the phrase ‘what gets measured gets managed’, and CertaLink is the absolute crucial first step; we’re generating transparency in the most trustful way.

“We can go down to a very detailed level…that’s why we collaborate with our partners within the ecosystem to be able to fully understand production processes, and then take real-time data points out of the production process to get a clearer picture. And that works for all sorts of processes.”

Therefore, CertaLink can play a major role in the essential future energy system, including commercialisation of greener fuels to ensure viable adoptability and thriving economies that protect ecosystems.

The European Commission targeted a 55 per cent cut in greenhouse gas emissions by 2030, aiming to reach climate neutrality by mid-century.

For such goals to be achievable there are EU policy frameworks in place designed to fully disclose the tracking of renewable electricity. Other regions, such as the UAE, operate international renewable energy certification (I-REC).

With other fuels, fuel generation, and fuel carriers entering the mix, alongside fresh regulatory structures to ensure sustainability credentials, CertaLink will become a key component.

“As the regulation is being built around what you want to achieve by 2050 or 2060, having a digitised measurement system allows you to monitor your emissions from source throughout the whole supply chain of whatever is going through to the end customer,” says Dr Fahad.

Those in the industry and the many associated verticals recognise that enforcing policy frameworks requires verifiable audit trails covering the entire energy value chain, from generation to consumption, even down to an individual product.

Added to that, companies - many of which may already have monitoring and sensor systems in place to capture necessary data - need to communicate in a trusted way their sustainable activities and production of climate-friendly products.

Siemens Energy saw that need, plus the challenges and the potential, and responded with its logical next step towards securing progress and trust at public, political and industrial levels.

It devised CertaLink as an open, borderless, legally compliant and robust cross-sector operating solution built for new energy paradigms - including a sometimes hard-to-convince younger generation that aspires to honesty and authenticity to reach common goals.

Among other benefits, CertaLink is empowering businesses to secure project financing by providing proof of sustainability, something that could be vital for players within emerging business models, traditional industries looking to pivot, or others seeking to scale.

Ms Willmann is keen to clarify her company is not the certifier, however.

“You will not receive a Siemens Energy certificate,” she says.

“The certifications are triggered by regulations that result in certification schemes, market influence and impacts, governmental target-setting and so on.

“We are the first mover in terms of now coming up with and applying a trusted technology to those very specific use cases…the combination of those areas is what makes it unique, what makes it innovational, and what makes us a first mover in that field.

“There is so much pressure coming from very different perspectives and this technology, applying it the way we do, seems a very logical step.”

Dr Fahad hopes that post-Cop28, Siemens Energy will be able to roll out the CertaLink system on a much larger scale.

“We have our senior management attending Cop28,” he adds.

“It’s extremely important to show that we are fully aligned with the global trend moving towards green energy and we will be showcasing specifically this certification within our presence.”

How it works

Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com

Tickets

Tickets for the 2019 Asian Cup are available online, via www.asiancup2019.com

AS%20WE%20EXIST
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Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
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While you're here
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

MATCH INFO

Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)

Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

THE TWIN BIO

Their favourite city: Dubai

Their favourite food: Khaleeji

Their favourite past-time : walking on the beach

Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll

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W.
Wael Kfoury
(Rotana)

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The specs

Engine: 4.0-litre, six-cylinder

Transmission: six-speed manual

Power: 395bhp

Torque: 420Nm

Price: from Dh321,200

On sale: now

MATCH RESULT

Al Jazira 3 Persepolis 2
Jazira:
Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')

How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

A cheaper choice

Vanuatu: $130,000

Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.

Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.

Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.

Benefits:  No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
RESULTS

6.30pm: Emirates Holidays Maiden (TB) Dh 82,500 (Dirt) 1,900m
Winner: Lady Snazz, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Arabian Adventures Maiden (TB) Dh 82,500 (D) 1,200m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.

7.40pm: Emirates Skywards Handicap (TB) Dh 82,500 (D) 1,200m
Winner: Rich And Famous, Royston Ffrench, Salem bin Ghadayer.

8.15pm: Emirates Airline Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Rio Angie, Sam Hitchcock, Doug Watson.

8.50pm: Emirates Sky Cargo (TB) Dh 92,500 (D) 1,400m
Winner: Kinver Edge, Richard Mullen, Satish Seemar.

9.15pm: Emirates.com (TB) Dh 95,000 (D) 2,000m
Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

RESULT

Copa del Rey, semi-final second leg

Real Madrid 0
Barcelona 3 (Suarez (50', 73' pen), Varane (69' OG)

Updated: December 04, 2023, 2:14 AM