Carbon Tracker has called on industry leaders to come up with credible short-term targets to achieve a transition to green energy, rather than focusing solely on trying to meet the net zero goal by 2050.
Catharina Hillenbrand von der Neyen, head of research at the UK-based think tank, said there is a huge need for innovative solutions as the sector moves away from high emission forms of energy.
Speaking at a panel discussion about energy security versus low-carbon transition at the Energy Intelligence Forum in London, she said eco-friendly energy should be introduced alongside traditional types.
“Over the longer run we’ve done work looking at how can these technologies … work in conjunction, in connection,” she said.
“So it’s not just about let’s put a bit of solar in, let’s put a wind farm there, it’s how can these things work together because that’s how you actually get usage of the system, how do they complement each other. That hasn’t been fully thought through as yet.”
She said the role of gas and other fossil fuels won’t become “extremely marginalised” until the full power of green technologies is realised in a co-ordinated fashion.
“Until we get to full competitiveness and full functionality of hydrogen and things working together there is a marginal role to fulfil,” she said.
She said investors need to engage with companies to bring about “clearly communicated, clearly executable transition plans”.
“It needs to move from this ‘we’re going to be net zero by 2050’ because that’s a very long time away,” she said. “Where is your next three-year strategy going?”
The climate researcher said nature-based energy solutions have an important part to play. But she stressed they should not be flimsily used by firms as “the back door” to avoid transitioning fully towards net zero.
“If you keep growing production volumes or keep emitting and then you do nature-based solutions on the other side, that doesn’t stack up,” she said.
“Yes there is room for [nature-based solutions] in some industries and we need to look at decarbonising, we need to look at reforesting, but it should not be the backdoor to not transition the existing industries.”
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
Killing of Qassem Suleimani
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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 Bio
Name: Lynn Davison
Profession: History teacher at Al Yasmina Academy, Abu Dhabi
Children: She has one son, Casey, 28
Hometown: Pontefract, West Yorkshire in the UK
Favourite book: The Alchemist by Paulo Coelho
Favourite Author: CJ Sansom
Favourite holiday destination: Bali
Favourite food: A Sunday roast
'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Company profile
Date started: January, 2014
Founders: Mike Dawson, Varuna Singh, and Benita Rowe
Based: Dubai
Sector: Education technology
Size: Five employees
Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.
Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)
Profile
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
Sector of operation: Transport
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
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The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
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