UAE President Sheikh Mohamed and Turkish President Recep Tayyip Erdogan attend an official reception at Qasr Al Watan, Abu Dhabi, in July. UAE Presidential Court
UAE President Sheikh Mohamed and Turkish President Recep Tayyip Erdogan attend an official reception at Qasr Al Watan, Abu Dhabi, in July. UAE Presidential Court
UAE President Sheikh Mohamed and Turkish President Recep Tayyip Erdogan attend an official reception at Qasr Al Watan, Abu Dhabi, in July. UAE Presidential Court
UAE President Sheikh Mohamed and Turkish President Recep Tayyip Erdogan attend an official reception at Qasr Al Watan, Abu Dhabi, in July. UAE Presidential Court


Turkey's path to carbon-neutrality runs through the UAE


Alparslan Bayraktar
Alparslan Bayraktar
  • English
  • Arabic

August 25, 2023

There was a time, not too long ago, when the global energy debate was largely dominated by the price of oil. Many argued that climate change was a subject of debate – that harnessing the power of the Sun or the wind was essentially science fiction. That chapter in history ended somewhat abruptly as humankind began to witness the devastating and undeniable impact of rising temperatures. We have reached a point where energy transition, climate goals, national interests, economic growth and sustainability coincide.

When it comes to meeting climate goals, however, no country can do it alone. Nations have no choice but to join forces. Since the energy sector is responsible for three quarters of all greenhouse emissions, that is where change needs to happen as quickly as possible. The Turkish government recognises this reality and continues to take necessary steps in that direction.

That is exactly why Turkey and the UAE signed a strategic partnership framework agreement in the field of energy and natural resources during Turkish President Recep Tayyip Erdogan’s historic visit to three Gulf states – the UAE, Qatar and Saudi Arabia – last month. Inked with a $29.7 billion agreement, the two countries pledged to jointly implement huge projects in a broad range of areas from renewable energy, including offshore wind and solar energy, to clean hydrogen and nuclear power.

When it comes to meeting climate goals, however, no country can do it alone

Turkey, an import-dependent geopolitical heavyweight with a constant growing energy market, and the UAE, whose economy has benefited from oil and gas exports, would work together to spearhead the region’s transition to clean energy and efforts to meet climate goals. Yet our most recent agreement also reflects a core value of Turkish foreign policy: promoting international co-operation based on mutual interests and the principle of a just energy transition for all.

At the same time, it is important to consider that each nation has unique challenges and opportunities. Energy transition may be a buzzword today, but the right term of reference would be Smart Energy Transition: energy transition that is inclusive, responsive, flexible, rational and digital. We must strike a healthy balance between energy transition, job creation and economic growth to ensure that everyone gets on board and contributes to our efforts. Obviously, political consistency plays a huge role in this endeavour.

Mr Erdogan’s re-election in May 2023 not only showcased the resilience of Turkey’s democratic institutions but also marked the beginning of a new era of reform and investment in the country’s liberal, competitive, well-functioning and transparent energy markets. Having pledged to become a carbon-neutral economy by 2053, our country already generates 45 per cent of its electricity from renewables – which makes Turkey rank fifth in Europe and 12th worldwide.

Al Wasl dome at Expo City, Dubai. Ruel Pableo for The National
Al Wasl dome at Expo City, Dubai. Ruel Pableo for The National

Keeping in mind that our country’s electricity demand increased by 4.4 per cent annually between 2002 and 2022, compared to just 3 per cent globally, meeting climate goals without jeopardising economic and social development represents a Herculean task. Still, Turkey has the strong political leadership, robust economy and extraordinary resources to get the job done. By working closely with our friends and allies, we aim to end our import dependency. What Turkey foresees is a smart energy transition, where decisions are made rationally, not emotionally, for the purpose of maintaining our supply security, diversifying our energy mix, and transforming Turkey into an energy hub, becoming a safe space for investors. In line with that objective, we will continue to increase our oil and natural gas production as well as build nuclear power plants to diversify our energy mix.

The first Arab state to set a net-zero emissions target, the UAE joined dozens of countries, whose investments and trust in Turkey paid off spectacularly over the years. That the country is scheduled to host Cop28 later this year proves that it means business. Specifically, Cop28 President-designate Dr Sultan Al Jaber’s call to “challenge old models that were built for the last century” and “bridge divides that are blocking critical breakthroughs” deserves recognition as the country aims to mobilise action around a global “major course correction” to accelerate emissions reductions while ensuring energy security. We welcome the UAE’s vision and hosting of Cop28.

That is the context in which this budding strategic partnership fits, as it goes beyond profits and embodies our shared commitment to energy transition, building more sustainable economies, and promoting supply security for the region and beyond.

Going forward, Turkey will continue to create win-win situations in the field of energy and natural resources as it encourages its friends and allies to become part of its success story. Under Mr Erdogan’s leadership, we shall redouble our efforts to achieve a high level of economic and social development, contribute to energy security in Europe and the Middle East, and become a carbon-neutral economy within the next 30 years. Turkey’s strategic partnership with the UAE represents a giant leap forward towards that goal – and it should serve as a reminder to countries across the region that changing the course of history remains within the realm of possibility if we work together and make unwavering commitment to leaving behind a bright future to our children and grandchildren.

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The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

SPEC%20SHEET
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Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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Shoplifters (Japan)

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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Fight Night

FIGHT NIGHT

Four title fights:

Amir Khan v Billy Dib - WBC International title
Hughie Fury v Samuel Peter - Heavyweight co-main event  
Dave Penalosa v Lerato Dlamini - WBC Silver title
Prince Patel v Michell Banquiz - IBO World title

Six undercard bouts:

Michael Hennessy Jr v Abdul Julaidan Fatah
Amandeep Singh v Shakhobidin Zoirov
Zuhayr Al Qahtani v Farhad Hazratzada
Lolito Sonsona v Isack Junior
Rodrigo Caraballo v Sajid Abid
Ali Kiydin v Hemi Ahio

Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

MATCH INFO

BRIGHTON 0

MANCHESTER UNITED 3

McTominay 44'

Mata 73'

Pogba 80'

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COMPANY%20PROFILE
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ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

Specs

Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km

Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

Indoor cricket in a nutshell

Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Updated: August 25, 2023, 4:00 AM