Sheikh Mohamed bin Zayed said Saudi Arabia and Bahrain's 2060 targets on carbon neutrality are a significant boost to addressing climate change. Rashed Al Mansoori / Crown Prince Court - Abu Dhabi
Sheikh Mohamed bin Zayed said Saudi Arabia and Bahrain's 2060 targets on carbon neutrality are a significant boost to addressing climate change. Rashed Al Mansoori / Crown Prince Court - Abu Dhabi
Sheikh Mohamed bin Zayed said Saudi Arabia and Bahrain's 2060 targets on carbon neutrality are a significant boost to addressing climate change. Rashed Al Mansoori / Crown Prince Court - Abu Dhabi
Sheikh Mohamed bin Zayed said Saudi Arabia and Bahrain's 2060 targets on carbon neutrality are a significant boost to addressing climate change. Rashed Al Mansoori / Crown Prince Court - Abu Dhabi

Gulf's net-zero goals will help create sustainable future, says Sheikh Mohamed bin Zayed


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The UAE will work with its Gulf neighbours and other nations to achieve net-zero goals, says Sheikh Mohamed bin Zayed.

The Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces said the Emirates "stands ready" to support others as they pursue carbon neutrality.

The goals set out by Saudi Arabia and Bahrain in recent days and the UAE earlier this month will require a significant reduction in carbon emissions that warm the planet.

"The net-zero goals announced by the kingdoms of Saudi Arabia and Bahrain provide a significant boost to regional efforts to address climate change," Sheikh Mohamed wrote on Twitter.

"The UAE stands ready to work with its regional neighbours and countries around the world to create a more sustainable future for all."

As leading oil producers, the UAE's 2050 initiative and Saudi Arabia and Bahrain's 2060 net-zero strategic goals are some of the most ambitious to date.

The US, the EU, China, Japan, South Korea and the UK have all committed to net-zero targets by between 2050 and 2060. Collectively, they comprise more than 50 per cent of global emissions.

Delegations from the Middle East, plus US climate envoy John Kerry, met in Riyadh on Monday to discuss the region’s environment, and strategies to cut emissions and meet the impact of climate change.

The news comes days before world leaders travel to the UK for the Cop26 UN Climate Conference to discuss action towards the Paris Climate Agreement.

Saudi Arabia announced on Saturday it will follow a framework for managing and reducing emissions known as the “circular carbon economy approach".

The closed-loop system involves reducing, reusing, recycling and removing carbon from the environment.

Riyadh said it also plans to more than double its target of reducing annual carbon emissions to 278 million tonnes by 2030. This compares to a previous target of 130m tonnes.

What is net zero?

Net zero can be achieved by balancing emissions of carbon dioxide with its removal, or by eliminating emissions.

Reaching net-zero emissions is also variously known as carbon neutrality or becoming climate neutral. This particular climate goal is critical to curbing global warming under the Paris Agreement signed in 2015.

The agreement calls for countries to cap the warming of the planet at 1.5°C above pre-industrial levels, while at the same time reaching net zero emissions by 2050.

  • Delegates take part in the opening ceremony of the Saudi Green Initiative forum in Riyadh. AFP
    Delegates take part in the opening ceremony of the Saudi Green Initiative forum in Riyadh. AFP
  • Saudi Finance Minister Mohammed Al-Jadaan addresses delegates during one of the sessions at the forum. Reuters
    Saudi Finance Minister Mohammed Al-Jadaan addresses delegates during one of the sessions at the forum. Reuters
  • Nigeria's Minister of State for Petroleum Resources Timipre Sylva takes part in one of the sessions. AFP
    Nigeria's Minister of State for Petroleum Resources Timipre Sylva takes part in one of the sessions. AFP
  • Azerbaijan's Minister of Energy Parviz Shahbazov makes a point at the forum. Reuters
    Azerbaijan's Minister of Energy Parviz Shahbazov makes a point at the forum. Reuters
  • Nigeria's Minister of State for Petroleum Resources Timipre Sylva speaks at the forum. Reuters
    Nigeria's Minister of State for Petroleum Resources Timipre Sylva speaks at the forum. Reuters
  • Kuwait's Oil Minister Mohammed Al Fares attends the Saudi Green Initiative forum. Reuters
    Kuwait's Oil Minister Mohammed Al Fares attends the Saudi Green Initiative forum. Reuters
  • Amin Nasser, president and chief executive of Saudi Aramco, speaks during a discussion with TotalEnergies chairman and chief executive Patrick Pouyanne at the forum. Reuters
    Amin Nasser, president and chief executive of Saudi Aramco, speaks during a discussion with TotalEnergies chairman and chief executive Patrick Pouyanne at the forum. Reuters
  • The UAE's Minister of Climate Change and Environment, Mariam Al Mheiri, speaks during the opening ceremony of the forum in Riyadh. AFP
    The UAE's Minister of Climate Change and Environment, Mariam Al Mheiri, speaks during the opening ceremony of the forum in Riyadh. AFP
  • Delegates at the opening ceremony of the forum. AFP
    Delegates at the opening ceremony of the forum. AFP
  • Saudi Energy Minister Prince Abdulaziz bin Salman arrives for the opening ceremony. AFP
    Saudi Energy Minister Prince Abdulaziz bin Salman arrives for the opening ceremony. AFP
  • Saudi Crown Prince Mohammed bin Salman delivers a speech during the opening ceremony of the forum. AFP
    Saudi Crown Prince Mohammed bin Salman delivers a speech during the opening ceremony of the forum. AFP
  • Princess Reema bint Bandar, Saudi Arabia's ambassador to the US, addresses delegates at the forum. Reuters
    Princess Reema bint Bandar, Saudi Arabia's ambassador to the US, addresses delegates at the forum. Reuters
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'Ashkal'
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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

As it stands in Pool A

1. Japan - Played 3, Won 3, Points 14

2. Ireland - Played 3, Won 2, Lost 1, Points 11

3. Scotland - Played 2, Won 1, Lost 1, Points 5

Remaining fixtures

Scotland v Russia – Wednesday, 11.15am

Ireland v Samoa – Saturday, 2.45pm

Japan v Scotland – Sunday, 2.45pm

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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Updated: October 26, 2021, 10:34 AM