ABU DHABI // The UAE is positioning itself as a “centre of gravity” for energy, officials said at the opening of Abu Dhabi Sustainability Week on Monday.
Tens of thousands of people from more than 170 countries were welcomed at the event, which is the first major international gathering in 2017 aimed at mitigating climate change.
Issues such as growing energy and water needs, challenges of urbanisation and priorities for dealing with climate change are expected to be discussed at the conference, attended by six heads of state, from Paraguay, Costa Rica, Montenegro, Kazakhstan, the Seychelles and Nepal.
“In this new era, renewables and hydrocarbons enjoy a truly symbiotic relationship that is reshaping the economics of energy,” Dr Sultan Al Jaber, Minister of State, said during the conference.
“And nowhere is this paradigm shift more true than here, in this part of the world.”
The region wants to use its 75 years of experience as the centre of hydrocarbon energy and transfer those skills to investment in renewable energy, said Dr Al Jaber.
He said that while oil and gas will remain critical drivers of the global economy, the UAE recognises the immediate and long-term advantages of a fully diversified energy mix, which are embodied in the 2050 energy strategy announced last week.
The UAE Energy Plan 2050 aims to cut carbon dioxide emissions by 70 per cent, increase clean energy use by 50 per cent and improve energy efficiency by 40 per cent.
“We value our hydrocarbon resources, yet see an even greater opportunity in leveraging the benefits of both new and traditional forms of energy, by integrating them into a more creative and productive commercial proposition,” said Dr Al Jaber.
Kazakh president Nursultan Nazarbayev said it is a chance to hold dialogue among politicians, scientists and experts.
“The 21st century needs to be the epoch where the fate of the planet is decided for thousands of years to come,” said Mr Nazarbayev.
“However, energy policy is still multidirectional. In many policies we don’t find the necessary commitment.”
Mr Nazarbayev was referring to countries’ policies that do not reflect their commitment to the Paris Agreement, in which 197 entities agree to limit global warming to less than 2 degrees by 2050.
“No country can develop the energy formula, ‘develop now and take care of the environment later’,” he said. “We need the scenario of securing safe and energy efficient plans, to reduce global warming to 1 or 2 degrees.”
However, global investments are beginning to change, he said, with work being done to decrease the growth of hydrocarbons. In 2015, renewable energy investment equalled investment in fossil fuel energy.
This week’s agenda includes annual meetings of the International Renewable Energy Agency, and the conference of the Women in Sustainability, Environment and Renewable Energy.
nalwasmi@thenational.ae
A German university was a good fit for the family budget
Annual fees for the Technical University of Munich - £600
Shared rental accommodation per month depending on the location ranges between £200-600
The family had budgeted for food, books, travel, living expenses - £20,000 annually
Overall costs in Germany are lower than the family estimated
As proof that the student has the ability to take care of expenses, international students must open a blocked account with about £8,640
Students are permitted to withdraw £720 per month
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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Zayed Sustainability Prize
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
UAE currency: the story behind the money in your pockets
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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