Rooftop solar panels on private homes and offices in Dubai. A think tank has found more moves to establish clean energy. Antonie Robertson / The National
Rooftop solar panels on private homes and offices in Dubai. A think tank has found more moves to establish clean energy. Antonie Robertson / The National
Rooftop solar panels on private homes and offices in Dubai. A think tank has found more moves to establish clean energy. Antonie Robertson / The National
Rooftop solar panels on private homes and offices in Dubai. A think tank has found more moves to establish clean energy. Antonie Robertson / The National

Support for Cop28's pledge to triple global renewable energy is historic, REN21 chief says


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Think tank REN21 has witnessed a move in response to the Cop28 presidency's call to triple renewable energy capacity and double energy efficiency by 2030, according to its executive director.

Global renewable power capacity will need to reach more than 11,000 gigawatts by the end of the decade, with solar and wind accounting for about 90 per cent of the growth, to meet the Paris Agreement goal of limiting the rise of global temperatures to below 2°C above pre-industrial levels, Irena, Cop28 presidency and the Global Renewables Alliance said in a report last month.

Peak fossil fuel demand is now in sight by the end of the decade, supported by clean energy policies and the rising adoption of electric cars, according to the International Energy Agency.

Supply was only “one side of the game” and major energy-consuming sectors needed to shift away from fossil fuels to renewable energy, Rana Adib told The National.

“We see there’s a mobilisation around the global renewable energy and energy efficiency target in a way we have never seen in former Cops,” Ms Adib said.

“There is really a historic momentum at Cop28. Building on this, I think we have seen a mobilisation from a multi-stakeholder community.”

REN21, a global network made up of representatives from scientific bodies, governments, and industries, is working with the transportation sector towards the goal of fossil fuel-free land transport, which is “less being talked about” in the lead-up to the UN climate conference, Ms Adib said.

While clean energy adoption has increased, it has mostly been concentrated in a few large economies such as the US, the EU and China.

“Those discussions and the political mobilisation have very much been driven in particular more by industrialised Western countries, and the reality is that such a bold support to renewables needs to be supported by all countries,” Ms Adib said.

REN21's Executive Director Rana Adib
REN21's Executive Director Rana Adib

Developing and emerging economies are confronted with the challenge of having to provide basic, modern energy services to billions of people who currently lack access, all while engaging in the global shift towards low-carbon energy systems.

Many poorer nations are unable to mobilise funds for large-scale renewable energy projects due to perceived investment risks.

Last week, Saudi Arabia’s Energy Minister said climate change solutions should not come at the expense of “less empowered people”, during an event in Riyadh.

“Climate change is crucial, important, but it should not be attended to by crushing the bones and the future of the less empowered people,” Prince Abdulaziz bin Salman said.

China alone, which is the world’s second-largest economy, is expected to account for 55 per cent of additional renewable capacity by 2024, according to the IEA.

India, the world’s fifth-largest economy and a major consumer of crude oil and coal, has also ramped up spending on clean energy projects in recent years.

However, both Asian countries have so far been reluctant to commit to climate pledges that call for the adoption of sustainable cooling and the elimination of coal use.

“We see globally an increasing polarisation whether [it is] north-south, east-west or fossil fuels and renewables,” Ms Adib said. “It's about geopolitics [and] It's partly about national politics.”

She said that countries should include addressing climate change and the energy transition in their constitutions, so that “we can remove this political noise from something that is fundamentally much more good.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

Europa League group stage draw

Group A: Villarreal, Maccabi Tel Aviv, Astana, Slavia Prague.
Group B: Dynamo Kiev, Young Boys, Partizan Belgrade, Skenderbeu.
Group C: Sporting Braga, Ludogorets, Hoffenheim, Istanbul Basaksehir.
Group D: AC Milan, Austria Vienna , Rijeka, AEK Athens.
Group E: Lyon, Everton, Atalanta, Apollon Limassol.
Group F: FC Copenhagen, Lokomotiv Moscow, Sheriff Tiraspol, FC Zlin.
Group G: Vitoria Plzen, Steaua Bucarest, Hapoel Beer-Sheva, FC Lugano.
Group H: Arsenal, BATE Borisov, Cologne, Red Star Belgrade.
Group I: Salzburg, Marseille, Vitoria Guimaraes, Konyaspor.
Group J: Athletic Bilbao, Hertha Berlin, Zorya Luhansk, Ostersund.
Group K: Lazio, Nice, Zulte Waregem, Vitesse Arnhem.
Group L: Zenit St Petersburg, Real Sociedad, Rosenborg, Vardar

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1987

1954

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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

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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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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South Africa:
Faf du Plessis (capt), Hashim Amla, Temba Bavuma, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, JP Duminy, Imran Tahir, David Miller, Wayne Parnell, Dane Paterson, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada
Coach: Ottis Gibson

Bangladesh:
Mashrafe Mortaza (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Mustafizur Rahman, Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shakib Al Hasan, Soumya Sarkar, Tamim Iqbal, Taskin Ahmed.
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COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

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Dir: John Lucas and Scott Moore
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Director: Navdeep Singh

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Rating: 2/5

Updated: November 14, 2023, 1:21 PM