ABU DHABI // Prof Jose Goldemberg, whose studies into sugarcane ethanol as fuel helped to promote biofuels in his native Brazil and beyond, was yesterday named the Lifetime Achievement Award recipient for the Zayed Future Energy Prize.
“As a scientist, I always believed that science can change the world and that the future does not predetermine the past but we have choices,” Prof Goldemberg told a high-profile audience at a ceremony held at the Emirates Palace.
He is one of eight finalists that share a total of US$3.9 million (Dh14.3m) in prize money.
He received his award from Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
Prof Goldemberg said he was “deeply honoured” to receive the accolade.
After the ceremony, Prof Goldemberg said that while he had not personally met the late President Sheikh Zayed, whose memory the award honours, he shares his legacy.
“He was not a scientist but he got it right,” said Prof Goldemberg, referring to Sheikh Zayed’s focus on sustainable development.
“The present energy system has two fundamental problems - one of them is security of supply and the second is exhaustion of hydrocarbons, they are not going to last for ever.”
Currently in his 80s, Prof Goldemberg is working actively as a scientist and will use a fraction of his US$500,000 money to support his research.
“Scientists are not well-paid al of their live, as we all know,” he said jokingly.
The winners this year were chosen from a list of 24 finalists by a jury chaired by Ólafur Ragnar Grímsson, President of the Republic of Iceland. Altogether, the award received 579 entries. President Grímsson commented on Prof Goldemberg’s extraordinary career.
“By giving the lifetime we are also saying one individual can transform the world and we are also saying none of us have excuses not to make a contribution,” he said.
Launched and managed by Abu Dhabi clean energy company, Masdar, the award honours the late founding father and President of the United Arab Emirates, Sheikh Zayed bin Sultan al Nahyan. Now in its fifth year, the award is part of Abu Dhabi Sustainability Week, which continues in the capital until Thursday.
The list of winners also included German technology giant, Siemens LLC. The company was chosen as the winner in the large corporation segment. Winners in this category do not receive monetary prize, just recognition. Japan’s Sharp Corporation and the BYD Company Limited, one of China’s fastest growing automotive and renewable energy companies, were also competing in the same category.
The award also looks to recognise small and medium-size companies with US$1.5 million given to the winner. An American for-profit social enterprise, d.light Design, won the accolade for its work on providing low-cost energy solutions to the developing world. The company has sold more than 1.5 million solar lanterns to people in the developing world.
The company was one of five competitors in the category. The line-up included another American company, Clean Power Finance, as well as Belgium’s EcoNation, which has developed the world’s first motorised and intelligent system to capture and enhance daylight. The list also included Mainstream Renewable Power, an Irish company with a development pipeline of 15 gigawatts of solar and wind projects around the world, and Bangladeshi enterprise, Grameen Shakti, which offers solar home systems to people in the country’s rural areas.
The award also features a category for non-governmental organisations. This year, Ceres a United States-based entity, which uses investor influence to pressure companies, industries and regulators to reduce their carbon emissions, was awarded the US$1.5 million prize.
For the first time this year, several high-schools from Europe, Asia, Africa and the Americas world will be distinguished with each winner receiving US100,000. The winners were Mexico’s Secundaria Tecnica 120 School, Okehampton College from the United Kingdom and the Sheikh Khalifa Bin Zayed Bangladesh Islamia School in Abu Dhabi.
The award is also open for schools in Oceania but this year, no school from that region met the eligibility criteria, the organisers said. The Global High School Prize also falls under the UAE's commitment to the UN Secretary General's Sustainable Energy for All initiative.
vtodorova@thenational.ae
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
Landfill in numbers
• Landfill gas is composed of 50 per cent methane
• Methane is 28 times more harmful than Co2 in terms of global warming
• 11 million total tonnes of waste are being generated annually in Abu Dhabi
• 18,000 tonnes per year of hazardous and medical waste is produced in Abu Dhabi emirate per year
• 20,000 litres of cooking oil produced in Abu Dhabi’s cafeterias and restaurants every day is thrown away
• 50 per cent of Abu Dhabi’s waste is from construction and demolition
Company name: Play:Date
Launched: March 2017 on UAE Mother’s Day
Founder: Shamim Kassibawi
Based: Dubai with operations in the UAE and US
Sector: Tech
Size: 20 employees
Stage of funding: Seed
Investors: Three founders (two silent co-founders) and one venture capital fund
MATCH INFO
Uefa Champions League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
Four reasons global stock markets are falling right now
There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:
1. Rising US interest rates
The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.
Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”
At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.
2. Stronger dollar
High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.”
3. Global trade war
Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”
4. Eurozone uncertainty
Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.
Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”
The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”
WWE Super ShowDown results
Seth Rollins beat Baron Corbin to retain his WWE Universal title
Finn Balor defeated Andrade to stay WWE Intercontinental Championship
Shane McMahon defeated Roman Reigns
Lars Sullivan won by disqualification against Lucha House Party
Randy Orton beats Triple H
Braun Strowman beats Bobby Lashley
Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship
Mansoor Al Shehail won the 50-man Battle Royal
The Undertaker beat Goldberg
RACE CARD
6.30pm Maiden Dh165,000 (Dirt) 1,200
7.05pm Handicap Dh165,000 (D) 1,600m
7.40pm Maiden Dh165,000 (D) 1,600m
8.15pm Handicap Dh190,000 (D) 1,600m
8.50pm Handicap Dh175,000 (D) 1,400m
9.25pm Handicap Dh175,000 (D) 2,000m
The National selections:
6.30pm Underwriter
7.05pm Rayig
7.40pm Torno Subito
8.15pm Talento Puma
8.50pm Etisalat
9.25pm Gundogdu
RESULT
Norway 1 Spain 1
Norway: King (90 4')
Spain: Niguez (47')
Austrian Grand Prix race timings
Weekend schedule for Austrian Grand Prix - all timings UAE
Friday
Noon-1.30pm First practice
4-5.30pm Second practice
Saturday
1-2pm Final practice
4pm Qualifying
Sunday
4pm Austrian Grand Prix (71 laps)
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
KILLING OF QASSEM SULEIMANI
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
SPEC%20SHEET
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE