After watching the achievements that the UAE has made with its Mars Mission led by a female minister, we know that nothing is impossible, particularly when it comes to changing things down here on Planet Earth.
Over the past few months, we have seen many commitments made by countries to reduce their carbon emissions but, sadly, they are not ambitious enough to limit global warming to a 1.5 °C rise. Thus far, the plans submitted by 75 countries to the UN “barely create a dent”. Based on the science, global inaction would be devastating to both our communities and our environment. Our current plans will only slow climate change down, but we need to change tack for the survival of our civilisation.
Our Founding Father, Sheikh Zayed, declared the importance of sustainability when he said: “On land and in the sea, our forefathers lived and survived in this environment. They were able to do so because they recognised the need to conserve it, to take from it only what they needed to live, and to preserve it for succeeding generations.” Sheikh Zayed’s ethos offers us wise guidance on how to best manage our resources today. This should be part of our local culture and shared with our children.
Green hydrogen will drive our economy
To realise these words, setting net-zero targets is imperative to drive different industries to start planning and achieving their individual net-zero journeys. “Net-zero” is a term used by companies and countries that have committed to move away from fossil fuels. Amazingly, as of December 10, 2020, Bhutan and Suriname are already net-zero. Finland has set a 2035 target and a number of countries have enshrined their targets into law: Sweden (2045), and the UK, France, Denmark, New Zealand and Hungary (2050). Many others have proposed legislation or policy documents targeting net-zero at various points between 2040 and 2060.
Moving away from fossil fuels may be daunting for a country that has built its foundation on them, but I am proud that our nation has put education at the forefront. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, reaffirmed this in a speech during the Government Summit in 2015. “The question is, 50 years from now after we have loaded this last barrel of oil, are we going to feel sad? If our investment today is right, I think, dear brothers and sisters, we will celebrate that moment,” he said.
In this interdependent world that we live in, we must collaborate closely and form alliances, as they are key to tackling the world’s biggest sustainability and climate crisis challenges. We have seen these put into action during this pandemic, and I hope it will continue. However, to expedite the work that needs to be done, only cross-industry and cross-sector alliances can put these wheels in motion.
I believe the UAE will be a pioneer in the region in many key areas.
Take the circular economy, for example. By recycling and upcycling materials, we can stimulate the economy, create new jobs and save our finite resources. This year, the Cabinet approved a 10-year circular economy policy. I hope a National Extended Producer Responsibility scheme is created to the bolster this sector. By this, I mean having a policy in place whereby producers are made to take responsibility for managing the disposal of products they produce once those products are designated as no longer useful by consumers. Without such a scheme, it will be harder to attract investment.
The world will see more environmental disasters if governments do not act now. Reuters
The country is investing in alternative sustainable fuels that emit no carbon and are made using renewable energy. Without a doubt, hydrogen will be the next big energy product. Abu Dhabi Qabida, Mubadala and Adnoc have created an alliance to become an exporter of blue and green hydrogen in the near future. Green hydrogen will drive our economy in the areas of industry and mobility. It will also provide a waste management solution, as it can be produced from rubbish.
But we also need to establish a trusted carbon system that would allow the trading of credits among organisations and neighbouring countries. We need to create positive and valuable uses for carbon until economies can survive and thrive without it.
It is important to include the environment and society on our balance sheets through clear indices. We need, for instance, to incorporate environmental, social and corporate governance not only in investments but also in the way the public and private sectors procure materials. Businesses should be created to better society, communities and the environment and to preserve all of the above for future generations. Multi-sectoral funds and financing need to be allocated to incubate new technologies and to accelerate the transition to a low, or zero-carbon economy.
Green buildings are increasingly essential today. The construction sector accounts for 30 per cent of total energy used globally, and is responsible for approximately 25 per cent of carbon emissions. While the UAE is building greener buildings, we need to retrofit older buildings to make them less energy-intensive. Moreover, there is always a behavioural element when it comes to adopting new technologies. This leads me to support raising awareness and more education. Without it, we cannot change our norms and make the transition to positively impacting our planet.
Another area of improvement is the production of solar power. Over the years, it has become price competitive, and we are seeing more solar farms in the UAE. My hope is that we see a more decentralised system where people can opt to use solar panels on their houses as well as more efficient panels, so that they no longer require as much space.
While we focus on new energy sources and technologies, it is also crucial that we protect our environment. We need to use nature-based solutions to tackle desertification and support a carbon sequestration strategy. In 2020, the UAE committed to planting mangrove trees globally and has been protecting important ecosystems, such as wetlands. Moreover, the social enterprise that I co-founded, Mangroves for Mankind, aims to plant 150,000 trees this year.
A new economy is emerging – a green economy that will be circular – and it is set to create new 24 million new jobs. We need to expedite financing solutions that replace the carbon industry for the health of the planet and generate new forms of GDP. The world has changed considerably during the pandemic. There is no better time to rethink our current models, which have failed us and green our economy.
As the UAE approaches its 50th anniversary at the end of this year, let us pave the way for the green economy and honour the Founding Father’s vision.
Sheikha Shamma bint Sultan bin Khalifa Al Nahyan is chief executive officer of Alliances for Global Sustainability
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
A timeline of the Historical Dictionary of the Arabic Language
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Men’s singles
Group A: Son Wan-ho (Kor), Lee Chong Wei (Mas), Ng Long Angus (HK), Chen Long (Chn) Group B: Kidambi Srikanth (Ind), Shi Yugi (Chn), Chou Tien Chen (Tpe), Viktor Axelsen (Den)
Women’s Singles
Group A: Akane Yamaguchi (Jpn), Pusarla Sindhu (Ind), Sayaka Sato (Jpn), He Bingjiao (Chn) Group B: Tai Tzu Ying (Tpe), Sung Hi-hyun (Kor), Ratchanok Intanon (Tha), Chen Yufei (Chn)
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
Favourite breed of dog: All of them. I can’t possibly pick a favourite.
Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?
Favourite colour: All the colours that dogs come in
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
THE LOWDOWN
Romeo Akbar Walter
Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher
RESULTS
Cagliari 5-2 Fiorentina
Udinese 0-0 SPAL
Sampdoria 0-0 Atalanta
Lazio 4-2 Lecce
Parma 2-0 Roma
Juventus 1-0 AC Milan
UAE currency: the story behind the money in your pockets
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
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
The bio
Favourite book: The Alchemist by Paulo Coelho
Favourite travel destination: Maldives and south of France
Favourite pastime: Family and friends, meditation, discovering new cuisines
Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.
Favourite Author: My father for sure
Favourite Artist: Damien Hurst
If you go
The flights
Etihad flies direct from Abu Dhabi to San Francisco from Dh5,760 return including taxes.
The car
Etihad Guest members get a 10 per cent worldwide discount when booking with Hertz, as well as earning miles on their rentals. A week's car hire costs from Dh1,500 including taxes.
The hotels
Along the route, Motel 6 (www.motel6.com) offers good value and comfort, with rooms from $55 (Dh202) per night including taxes. In Portland, the Jupiter Hotel (https://jupiterhotel.com/) has rooms from $165 (Dh606) per night including taxes. The Society Hotel https://thesocietyhotel.com/ has rooms from $130 (Dh478) per night including taxes.
More info
To keep up with constant developments in Portland, visit www.travelportland.com. Good guidebooks include the Lonely Planet guides to Northern California and Washington, Oregon & the Pacific Northwest.
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”
Starring: Kelvin Harrison Jr., John David Washington
3/5
Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.