Rathlin Island aims to be carbon neutral by 2030.
Rathlin Island aims to be carbon neutral by 2030.
Rathlin Island aims to be carbon neutral by 2030.
Rathlin Island aims to be carbon neutral by 2030.

Cop26: Rathlin Island to use wind and waves to become carbon neutral by 2030


Nicky Harley
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Set off the north coast of the Northern Ireland in the Atlantic, scenic Rathlin Island has embraced modernity in fits and starts.

It only joined Northern Ireland's electric grid in 2007, but already the locals are hoping to wean themselves off the mainland supplies, turning to renewables and using the wild surrounding wind and waves in a push to go carbon neutral by 2030.

The 155 residents of Northern Ireland's only inhabited offshore island hope that green energy transformation can put them at the forefront of adaptation to climate change across the British Isles.

Inspired by its progress so far, the island is hoping to send a delegation to Cop26 in Glasgow to share its vision.

Michael Cecil, chairman of the Rathlin Development and Community Association, has been spearheading the initiative. He said the climate agenda had given new purpose to a rocky outcrop where the population dwindled to 70 two decades ago.

“We are hopefully going to Cop26 with one of our renewable partners so we can showcase what we are doing to the world,” Mr Cecil told The National.

We have a dream to do an awful lot in Rathlin
Michael Cecil,
chairman of the Rathlin Development and Community Association

With thousands of pounds of backing recently granted from Northern Ireland's government, the plans for a renewables push took a big step closer to becoming a reality.

“We have a dream to do an awful lot in Rathlin,” Mr Cecil said. “Our community group has been active since the mid-70s lobbying for better services – the islanders are all very passionate and forward thinking.

“Once we were connected to the grid we started looking at wind energy, from there it showed there was a real desire in the community to protect the environment.

“With the climate crisis we wanted to look for alternative technologies to tackle our carbon emissions. If we can decarbonise our housing stock, transport and ferries we are most of the way there.

“To be carbon neutral in 10 years is not that ambitious as the technology is there and our plan is to generate our own green energy.”

Ferries are responsible for more than 50 per cent of the island's carbon emissions

A recent study on the island revealed its two diesel ferries are responsible for a substantial amount of its carbon emissions.

They are now planning to trial swapping the ferries’ diesel engines for hydrogen.

Hydrogen has already been used to fuel buses in London, England, and Aberdeen, Scotland, and the island is working with a company to adapt the technology to ferries.

The catamaran passenger ferry, the Rathlin Express, is moored in Church Bay Harbour Marina at Rathlin Island.
The catamaran passenger ferry, the Rathlin Express, is moored in Church Bay Harbour Marina at Rathlin Island.

Last month Norway took delivery of the world’s first fuel cell-powered ferry which is expected to reduce its annual carbon emissions by up to 95 per cent.

Mr Cecil is a skipper on one of the ferries and is eager to pioneer the initiative.

“We are going to trial hydrogen-fuelled ferries. It is already used on buses and they use the same engines as our ferries,” he said.

“We are not far away from making this a reality now. They are responsible for more than 50 per cent of the island’s carbon footprint.

“It is all about raising awareness in local government and globally so more money is pumped into this technology.”

Rathlin will trial Northern Ireland’s first electric bike and car share scheme

In the next few months, Rathlin is also set to trial Northern Ireland’s first electric bike and car share scheme.

It is not the first time the island has been leading the way in sustainability. In 2013, Kate Burns set up Islander Rathlin Kelp in a bid to use kelp production to regenerate coastal and island communities.

It is the only place in Europe which seeds, harvest and processes kelp.

“It’s our ambition to spread our knowledge throughout other coastal communities, to give other islands the chance to grow and process kelp using our techniques,” she said.

Harbour seals relaxing on rocks at low tide. Rathlin Island, Antrim, Northern Ireland.
Harbour seals relaxing on rocks at low tide. Rathlin Island, Antrim, Northern Ireland.

She is hoping to create a kelp network to help “to keep islands anywhere in the world, alive and thriving".

Northern Ireland’s Agriculture, Environment and Rural Affairs Minister, Edwin Poots, visited the island to see its vision first-hand.

“I admire Rathlin’s strong ambition to reduce emissions and become carbon neutral, this is aligned to my vision for green growth and climate action and I very much welcome the Island’s efforts to realise this goal,” he said.

Working with Cork and Galway University, researchers are presently conducting a study to examine all the renewable options available to the island’s households and businesses.

“Once the report is ready we hope we will then get investment to make it happen,” Mr Cecil said.

“We are then hoping to trial wind, tidal and wave energy.”

Rathlin Island to pitch carbon neutral initiative at Cop26

“We want to tell our community story to big businesses and show them we are making a difference on the ground. We would like to become a mini global renewables hub and hopefully by telling our story at Cop26 we will attract some interest,” Mr Cecil said.

“In the community there is a strong desire to set an example to the world and show it can be done and hopefully we will inspire people in the rest of the world to follow suit.

"We believe if we can do it, so can everyone else.”

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

The White Lotus: Season three

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BOSH!'s pantry essentials

Nutritional yeast

This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.

Seeds

"We've got a big jar of mixed seeds in our kitchen," Theasby explains. "That's what you use to make a bolognese or pie or salad: just grab a handful of seeds and sprinkle them over the top. It's a really good way to make sure you're getting your omegas."

Umami flavours

"I could say soya sauce, but I'll say all umami-makers and have them in the same batch," says Firth. He suggests having items such as Marmite, balsamic vinegar and other general, dark, umami-tasting products in your cupboard "to make your bolognese a little bit more 'umptious'".

Onions and garlic

"If you've got them, you can cook basically anything from that base," says Theasby. "These ingredients are so prevalent in every world cuisine and if you've got them in your cupboard, then you know you've got the foundation of a really nice meal."

Your grain of choice

Whether rice, quinoa, pasta or buckwheat, Firth advises always having a stock of your favourite grains in the cupboard. "That you, you have an instant meal and all you have to do is just chuck a bit of veg in."

Virtual banks explained

What is a virtual bank?

The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.

What’s the draw in Asia?

Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.

Is Hong Kong short of banks?

No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year. 

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Updated: August 21, 2021, 8:48 AM