In 2015, Paris delivered the agreement. In 2023, Dubai must deliver the action. In those eight years, we witnessed plenty of wins and losses for the climate battle. But it all comes down to Cop28 to show how far we have come exactly and how high we need to aim to get to where we all need to be, to keep the climate in check and ensure a climate-safe future for the coming generations.
We are confident that the Cop28 Presidency will deliver on its promises and its mission of achieving the four paradigm shifts under its Action Agenda. These include fast-tracking the just, equitable and orderly energy transition and slashing emissions before 2030; transforming climate finance by delivering on old promises and setting the framework for a new deal on finance; putting nature, people, lives and livelihoods at the heart of climate action; and mobilising for an inclusive Cop.
As a responsible member of the international community, a sustainability champion and a climate advocate, the UAE has made confident strides across all four areas. Our journey towards becoming a sustainability role model began during the early days of the union. The UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, was named “Man of the Environment” because of his deep affection towards nature and his unwavering commitment to its protection.
“We pay the utmost care and attention to our environment, for it is an integral part of the country, our history, and our heritage,” Sheikh Zayed once said, charting the path of our country.
It all comes down to Cop28 to show how far we have come from 2015, and how high we need to aim to get to where we all need to be
To this day, our wise leadership continues to follow in his steps, adopt the same causes he championed and pursue a comprehensive, yet pragmatic, development both at home and abroad.
In July, we updated the UAE Energy Strategy 2050 with higher, more ambitious targets. These include tripling our renewables capacity by 2030, in response to the request made by the Cop28 Presidency, increasing the share of installed clean energy capacity to 30 per cent by 2030, and reducing the energy consumption through improved efficiency by up to 45 per cent by 2050. To achieve these targets, we will channel investments of up to Dh200 billion ($54.5bn) in projects that drive climate action and energy security.
Also, the UAE launched the National Hydrogen Strategy that calls for the production of 1.4 million tonnes of low-carbon hydrogen every year by 2031, increasing production to 15 million tonnes by 2050, and establishing two hydrogen oases by 2031 and increasing their number to five by 2050.
Both strategies support Cop28 priority areas related to the energy transition. We see the energy transition not only as an environmental obligation but as an economic opportunity as well. The UAE has demonstrated that diversifying its economy and energy sources has been more of an opportunity rather than a challenge.
Let’s look at Masdar. It was established in 2006 with a clear mission of establishing the UAE as a major global renewables producer and investor. Today, Masdar is one of the world’s largest renewable energy powerhouses and a major green hydrogen player, placing the UAE at the forefront of the energy transition. Masdar is active in more than 40 countries, with a combined electricity generation capacity of more than 20 gigawatts. It has growth plans to reach 100 GW and 1 million tonnes of green hydrogen by 2030.
We also managed to bring down the cost of solar generation. Globally, the solar price has decreased from about 17 cents/kilowatt-hour in 2013 to less than 4.5 cents/KWh in 2023. This decrease in global solar cost, an abundance of the resource and conducive business incentives have recently resulted in the UAE having one of the lowest solar tariffs in the world, at 1.35 cents/KWh.
Our efforts to invest in renewables go side-by-side with our work to green the oil and gas sector. As we are in a transition, oil and gas will still be in demand for the next few decades, so we are doing our best to decarbonise the sector and produce the cleanest barrel in the world.
Our oil and gas sector has been at the global forefront of adopting climate-friendly industry practices. For instance, Abu Dhabi National Oil Company (Adnoc) is a pioneer in adopting sustainable practices and has a robust decarbonisation plan towards achieving its net-zero commitment by 2045 and zero methane emissions by 2030. It is the first company among its peers to make such a commitment, reinforcing its position as a responsible energy provider.
Since January 2022, Adnoc has powered its entire grid supply from nuclear and solar energy sources. It has also been an early mover in carbon capture, utilisation and storage (CCUS). It has operated the region’s first commercial-scale CCUS facility, with the capacity to capture 800,000 tonnes of CO2 annually, at Al Reyadah since 2016. The company plans to expand its CCUS activities to capture 10 million tonnes of CO2 every year by 2030.
Having adopted a zero-flaring policy in routine operations, our oil and gas companies are regional leaders in flaring avoidance design and operation. They leverage state-of-the-art technologies to monitor and reduce fugitive emissions across the value chain, and they continue to build on these achievements.
The story of the UAE and how it became a sustainability model is worth telling. At Cop28, we aim to share our experiences with the world. I truly believe that there is plenty that we can learn from each other. This planet is our home. When each one of us does our part, we can keep our home beautiful, green and clean.
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
The specs
Engine: 3.8-litre V6
Power: 295hp at 6,000rpm
Torque: 355Nm at 5,200rpm
Transmission: 8-speed auto
Fuel consumption: 10.7L/100km
Price: Dh179,999-plus
On sale: now
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
MATCH INFO
Bangla Tigers 108-5 (10 ovs)
Ingram 37, Rossouw 26, Pretorius 2-10
Deccan Gladiators 109-4 (9.5 ovs)
Watson 41, Devcich 27, Wiese 2-15
Gladiators win by six wickets
Virtuzone GCC Sixes
Date and venue Friday and Saturday, ICC Academy, Dubai Sports City
Time Matches start at 9am
Groups
A Blighty Ducks, Darjeeling Colts, Darjeeling Social, Dubai Wombats; B Darjeeling Veterans, Kuwait Casuals, Loose Cannons, Savannah Lions; C Awali Taverners, Darjeeling, Dromedary, Darjeeling Good Eggs
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 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
The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
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GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
RESULTS
5pm: Maiden (PA) Dh80,000 1,400m
Winner: JAP Almahfuz, Fernando Jara (jockey), Irfan Ellahi (trainer).
5.30pm: Handicap (PA) Dh90,000 1,400m
Winner: AF Momtaz, Antonio Fresu, Musabah Al Muhairi.
6pm: Handicap (TB) Dh100,000 1,400m
Winner: Yaalail, Fernando Jara, Ali Rashid Al Raihe.
6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 1,600m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami.
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m
Winner: Dahess D’Arabie, Fernando Jara, Helal Al Alawi.
7.30pm: Maiden (PA) Dh80,000 2.200m
Winner: Ezz Al Rawasi, Connor Beasley, Helal Al Alawi.