King Willem-Alexander of the Netherlands, right, charges an electric lorry at the opening of a test lab in Arnhem. AFP
King Willem-Alexander of the Netherlands, right, charges an electric lorry at the opening of a test lab in Arnhem. AFP
King Willem-Alexander of the Netherlands, right, charges an electric lorry at the opening of a test lab in Arnhem. AFP
King Willem-Alexander of the Netherlands, right, charges an electric lorry at the opening of a test lab in Arnhem. AFP

Netherlands named best country in Europe for green-minded drivers


Tim Stickings
  • English
  • Arabic

The Netherlands has been named the best European country for environmentally-conscious drivers, thanks to its extensive network of electric charging facilities and relatively mild traffic.

Rankings produced by travel company Kayak showed the Netherlands with a wide lead over Germany, Britain and Belgium in availability of charging stations for electric cars.

And in a country of cyclists, there are not so many cars on Dutch roads and traffic jams are less of an issue than in some neighbouring countries, meaning lower energy use and fewer emissions from petrol and diesel cars.

Iceland came second in the table, benefiting from its relatively clean air, with third-placed Estonia also scoring well on air pollution.

At the other end of the scale, countries marked down for a lack of charging stations included Lithuania, Bosnia-Herzegovina, Serbia and Greece.

Germany was the winner in a general European “road trip index” because of its safe roads, high number of campsites and public bathrooms, and many Unesco heritage sites for tourists to visit.

But it lost out to the Netherlands in the sustainability category with the cost of charging an electric car in Germany ranked among the highest in Europe, while Dutch prices compared more favourably.

“Road trips are a flexible, comfortable and relatively economical way to travel. At the same time, the majority of travellers want a sustainable holiday,” said Laure Bornet, a general manager at Kayak.

An electric minibus under construction at a Volkswagen plant in Hannover, Germany. Bloomberg
An electric minibus under construction at a Volkswagen plant in Hannover, Germany. Bloomberg

Separate rankings in February showed the Netherlands and Sweden registering the highest share of electric vehicles in the European Union, although non-EU members Norway and Iceland were further ahead.

A Dutch delegation at UN climate talks in February said that the charging network in the Netherlands would achieve nothing if it was not replicated in other countries.

It called for a single card, such as a bank card, to grant access to any charging station in the world under what it suggested could be UN oversight.

Electric vehicle sales have risen dramatically in recent years as environmental awareness grows and car makers look to take a slice of the booming market, but progress can be held up by a lack of charging infrastructure.

Last month, the EU's 27 members agreed that zero-emission engines would become mandatory for new cars from 2035, although some of the details have yet to be worked out.

The issue has caused controversy in Germany, known for its flagship car industry, where some politicians want cleaner fuels for combustion engines to remain in the picture along with electric vehicles.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

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Director: ​Yeon Sang-ho

Rating: 2/5

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Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

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Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The biog

Nickname: Mama Nadia to children, staff and parents

Education: Bachelors degree in English Literature with Social work from UAE University

As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families

Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too

Updated: July 27, 2022, 2:04 PM