French minister of ecological and social transition Nicolas Hulot presenting his five-year climate plan in Paris, France on July 6, 2017. Charles Platiau/Reuters
French minister of ecological and social transition Nicolas Hulot presenting his five-year climate plan in Paris, France on July 6, 2017. Charles Platiau/Reuters
French minister of ecological and social transition Nicolas Hulot presenting his five-year climate plan in Paris, France on July 6, 2017. Charles Platiau/Reuters
French minister of ecological and social transition Nicolas Hulot presenting his five-year climate plan in Paris, France on July 6, 2017. Charles Platiau/Reuters

France to outlaw petrol and diesel cars by 2040


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FRANCE // France has announced plans to outlaw all petrol and diesel vehicles in the country by 2040.

The aggressive target in a new climate plan is a key plank of Emmanuel Macron’s drive to make France carbon neutral.

The new environment minister, Nicolas Hulot, also declared a ban on any “new project to use petrol, gas or coal”, including shale oil, by 2040.

To encourage motorists, Mr Hulot said “the government will offer each French citizen a bonus to replace their diesel car dating before 1997 or petrol car from before 2001 with a cleaner, new or secondhand vehicle”.

Mr Hulot, a former star wildlife TV presenter, did not specify whether these new measures would signify a ban on petrol and diesel car sales or if it would include hybrid cars.

He acknowledged the plan would place a heavy burden on local car manufacturers, before adding that France’s car industry was well equipped to make the switch.

The move marks France’s entry into a small group of countries already aiming to ban combustion-powered cars. Both Germany and India hope to be free from combustion-powered vehicles by 2030, while the Netherlands and Norway have a 2025 goal.

In May this year, the UAE also took steps to encourage consumers to buy new zero carbon emission cars through its scheme “Incentives for Using Electric Vehicles”. The platform will demand that up to 10 per cent of federal ministry and agency car fleets to be electric cars.

Earlier this week, Swedish carmaker Volvo’s announced it would only build electric and hybrid vehicles from 2019.

“Our customers are asking more and more about electric cars,” said Hakan Samuelsson, the chief executive of Volvo.

“It’s important to make a clear statement.”

Volvo announced that five new models, to be introduced from 2019 to 2021, would run solely on electric power.

The Chinese-owned automaker was influenced by China’s own efforts to reduce oil imports and reduce air pollution. In China, 507,000 electric vehicles were sold last year, with sales expected to rise to 700,000 this year.

Meanwhile, only 221,000 electric vehicles were sold across Europe and 157,000 in the US.

Numbers may increase depending on the success of Tesla, Elon Musk's high-tech American automaker. Its first mass-market, self-driving, electric Model 3 cars will be rolling off the production line in America on July 7.

Tesla expects to be making 20,000 cars per month by December — and a total of 500,000 cars in 2018. Mr Musk has spoken of his vision to have an electric car in every garage powered by solar panels on every roof.

Company profile

Name: The Concept

Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal

Based: Abu Dhabi

Founded: 2017

Number of employees: 7

Sector: Aviation and space industry

Funding: $250,000

Future plans: Looking to raise $1 million investment to boost expansion and develop new products

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Arsenal 0

Manchester City 2
Sterling (14'), Bernardo Silva (64')

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

UAE currency: the story behind the money in your pockets
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

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Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC