Blue Carbon will focus on investments in coastal ecosystems such as mangroves. Antonie Robertson / The National
Blue Carbon will focus on investments in coastal ecosystems such as mangroves. Antonie Robertson / The National
Blue Carbon will focus on investments in coastal ecosystems such as mangroves. Antonie Robertson / The National
Blue Carbon will focus on investments in coastal ecosystems such as mangroves. Antonie Robertson / The National

UAE holding company launches new entity to boost green investments


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The Private Office of Sheikh Ahmed Dalmook Al Maktoum has launched a new entity called Blue Carbon to advance “nature-based solutions” in climate change mitigation initiatives.

Blue Carbon will focus on investments in coastal ecosystems, such as mangroves, which can store three to five times more carbon than terrestrial forests.

Interest among businesses in the ecosystems' environmental potential is “growing” as they work towards complying with the existing regulations, said Blue Carbon.

Sheikh Al Maktoum, chairman of the newly-launched company, said Blue Carbon will enter into bilateral agreements with governments and private entities to boost investments in “green” and “blue” carbon projects.

Green carbon is found in living vegetation and soil in forest ecosystems, while blue carbon is stored in coastal and marine ecosystems, such as mangroves.

“The world will require an estimated average of $5 trillion a year until 2050 of climate-related investments to reach net-zero goals,” said Josiane Sadaka, chief executive of Blue Carbon.

“We at Blue Carbon will further these initiatives using methodologies that can better forecast demands that will emerge as we transition to a decarbonised economy.”

The Private Office has a portfolio of privately held group companies that focus mainly on infrastructure development, energy projects, LNG terminal development and water desalination.

The 28th session of the Conference of the Parties, or Cop28 as it is informally known, will be held in the UAE next year. The meeting, which will follow on from Cop27 in Egypt in November, will try to find solutions to the threats posed by climate change.

The UAE, Opec's third-largest oil producer, aims to become carbon neutral by 2050 and is focusing on the development of clean energy projects.

The country has Dh600bn worth of clean and renewable energy investments planned over the next three decades.

FA Cup quarter-final draw

The matches will be played across the weekend of 21 and 22 March

Sheffield United v Arsenal

Newcastle v Manchester City

Norwich v Derby/Manchester United

Leicester City v Chelsea

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Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

 

Group B

UAE, Iran, Kuwait, Saudi Arabia

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

The specs: 2018 Alfa Romeo Stelvio

Price, base: Dh198,300
Engine: 2.0L in-line four-cylinder
Transmission: Eight-speed automatic
Power: 280hp @ 5,250rpm
Torque: 400Nm @ 2,250rpm
Fuel economy, combined: 7L / 100km

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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Opening Rugby Championship fixtures: Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

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MATCH INFO

West Ham United 2 (Antonio 73', Ogbonna 90 5')

Tottenham Hotspur 3 (Son 36', Moura 42', Kane 49')

MATCH INFO

Day 2 at Mount Maunganui

England 353

Stokes 91, Denly 74, Southee 4-88

New Zealand 144-4

Williamson 51, S Curran 2-28

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Updated: October 12, 2022, 3:55 PM