Conservatives have looked at relaxing some of their green and net-zero targets. Getty Images
Conservatives have looked at relaxing some of their green and net-zero targets. Getty Images
Conservatives have looked at relaxing some of their green and net-zero targets. Getty Images
Conservatives have looked at relaxing some of their green and net-zero targets. Getty Images

Labour will treble solar power and quadruple offshore wind generation


Simon Rushton
  • English
  • Arabic

Labour has outlined plans for green energy targets that set up an election battle with the ruling Conservatives over eco-friendly policies.

Shadow energy secretary Ed Miliband said that if Labour won the next general election, it would double onshore wind, treble solar power and quadruple offshore wind generation.

Conservatives have looked at relaxing some of their green and net-zero targets after winning a by-election with a candidate who stood against an extension of efforts to improve London’s air quality with charges for drivers of polluting vehicles.

Speaking at the Labour party conference in Liverpool, Mr Miliband outlined the green vision of party leader Keir Starmer.

“I am proud that Keir’s 2030 mission is for the greatest investment in homegrown energy in British history," he said.

“We’ll double onshore wind. We’ll treble solar. We’ll quadruple offshore wind. We’ll invest in nuclear and hydrogen and carbon capture and tidal power.

“That’s the new Britain we can build together.”

Mr Miliband, a former party leader, urged voters to "chuck them [Conservatives] into the seven dustbins of history".

His joke was aimed at Prime Minister Rishi Sunak’s boast that he had scrapped a series of "heavy-handed measures, such as forcing people to recycle in seven different bins".

"I couldn't believe some of the nonsense they were coming out with – delusional stuff about seven bins," Mr Miliband said.

The Labour MP suggested Mr Sunak was leading a "pound shop Republican Party", adding of Britons: "They don't want an energy policy written by [former UK prime minister Liz] Truss and [former US president Donald] Trump.

"Let's send these Tories to where they belong. Let's recycle them from government to opposition …"

  • Labour leader Keir Starmer is joined by his wife Victoria after delivering his keynote speech to the Labour Party conference in Liverpool. PA
    Labour leader Keir Starmer is joined by his wife Victoria after delivering his keynote speech to the Labour Party conference in Liverpool. PA
  • Shadow home secretary Yvette Cooper speaks on the third day of the annual Labour Party conference. AFP
    Shadow home secretary Yvette Cooper speaks on the third day of the annual Labour Party conference. AFP
  • A delegate wears a hat with a slogan which reads 'Tories Out' at the Labour Party conference in Liverpool. Bloomberg
    A delegate wears a hat with a slogan which reads 'Tories Out' at the Labour Party conference in Liverpool. Bloomberg
  • Mr Starmer speaks to shadow chancellor Rachel Reeves before she delivers a speech to the Labour conference in Liverpool. Getty Images
    Mr Starmer speaks to shadow chancellor Rachel Reeves before she delivers a speech to the Labour conference in Liverpool. Getty Images
  • Delegates applaud. Getty Images
    Delegates applaud. Getty Images
  • Mayor of London Sadiq Khan, right, at the Labour conference. EPA
    Mayor of London Sadiq Khan, right, at the Labour conference. EPA
  • Delegates throng the ACC venue in Liverpool. EPA
    Delegates throng the ACC venue in Liverpool. EPA
  • David Lammy, shadow secretary of state for foreign, commonwealth and development, gives a speech to party delegates. Getty Images
    David Lammy, shadow secretary of state for foreign, commonwealth and development, gives a speech to party delegates. Getty Images
  • Mr Starmer applauds his deputy Angela Rayner after her address. AFP
    Mr Starmer applauds his deputy Angela Rayner after her address. AFP
  • Ms Reeves, fourth from right, and shadow cabinet colleagues listen to a speech from Ms Rayner. AFP
    Ms Reeves, fourth from right, and shadow cabinet colleagues listen to a speech from Ms Rayner. AFP
  • An uninvited speaker is removed from the podium. Getty Images
    An uninvited speaker is removed from the podium. Getty Images
  • Ms Rayner addresses delegates. Getty Images
    Ms Rayner addresses delegates. Getty Images
  • Pat McFadden, left, shadow chancellor of the Duchy of Lancaster and national campaign co-ordinator, and Yvette Cooper, shadow home secretary, listen to the opening speeches. Getty Images
    Pat McFadden, left, shadow chancellor of the Duchy of Lancaster and national campaign co-ordinator, and Yvette Cooper, shadow home secretary, listen to the opening speeches. Getty Images
  • Delegates arrive at the Liverpool Convention Centre for day one of the Labour Party conference. Getty Images
    Delegates arrive at the Liverpool Convention Centre for day one of the Labour Party conference. Getty Images
  • Mr Starmer arrives at the venue. PA
    Mr Starmer arrives at the venue. PA
  • Merchandise is seen in a store on the opening day of the conference. Reuters
    Merchandise is seen in a store on the opening day of the conference. Reuters
  • Delegates arrive for the conference which will run from Sunday, October 8 to Wednesday, October 11. Getty Images
    Delegates arrive for the conference which will run from Sunday, October 8 to Wednesday, October 11. Getty Images
  • Labour Party branding is displayed on the outside of the venue. AFP
    Labour Party branding is displayed on the outside of the venue. AFP
  • Liverpool councillor Heather Westhead, centre, attends the first day. AFP
    Liverpool councillor Heather Westhead, centre, attends the first day. AFP
  • Ms Rayner, right, and Johanna Baxter, chairwoman of the Labour Party National Executive Committee. Getty Images
    Ms Rayner, right, and Johanna Baxter, chairwoman of the Labour Party National Executive Committee. Getty Images
  • Wirral South MP Alison McGovern gives the opening speech. Getty Images
    Wirral South MP Alison McGovern gives the opening speech. Getty Images
  • Delegates visit the Labour Party shop. Bloomberg
    Delegates visit the Labour Party shop. Bloomberg
  • Baby clothes with Labour slogans. Bloomberg
    Baby clothes with Labour slogans. Bloomberg

"Every time they turn their back on a clean energy future, they leave us exposed to global fossil fuel markets … and they drive up bills and make us more insecure.

“And even as you’re paying record bills, they still refuse a proper windfall tax on the oil and gas companies.”

Labour remains committed to its £28 billion ($34.27 billion) green investment plan despite the figure not appearing in shadow chancellor Rachel Reeves's conference speech, a spokesman has said.

Asked if the absence of the £28 billion figure meant the plan had fallen down the list of Ms Reeves' priorities, a spokesman for the shadow chancellor said: "The programme of investment is still very much part of the package."

A small group of environmental protesters were ejected from the Labour party conference.

Protesters shouting "Revoke Rosebank" and other green slogans were escorted from the conference centre by security.

The group staged their protest in an exhibition overspill area near rooms staging conference fringe events.

Some bystanders applauded the group as they were led away.

Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3ESplintr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202019%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohammad%20AlMheiri%20and%20Badr%20AlBadr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20and%20Riyadh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Epayments%20%2F%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E10%20employees%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%20seven-figure%20sum%20%2F%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Eseed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Eangel%20investors%3C%2Fp%3E%0A
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

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.”

Start times

5.55am: Wheelchair Marathon Elites

6am: Marathon Elites

7am: Marathon Masses

9am: 10Km Road Race

11am: 4Km Fun Run

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Saturday's schedule at the Abu Dhabi Grand Prix

GP3 race, 12:30pm

Formula 1 final practice, 2pm

Formula 1 qualifying, 5pm

Formula 2 race, 6:40pm

Performance: Sam Smith

TYPES%20OF%20ONLINE%20GIG%20WORK
%3Cp%3E%3Cstrong%3EDesign%2C%20multimedia%20and%20creative%20work%3A%20%3C%2Fstrong%3ELogo%20design%2C%20website%20design%2C%20visualisations%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20management%3A%20%3C%2Fstrong%3ELegal%20or%20management%20consulting%2C%20architecture%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20support%3A%20%3C%2Fstrong%3EResearch%20support%2C%20proofreading%2C%20bookkeeping%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESales%20and%20marketing%20support%3A%20%3C%2Fstrong%3ESearch%20engine%20optimisation%2C%20social%20media%20marketing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EData%20entry%2C%20administrative%2C%20and%20clerical%3A%20%3C%2Fstrong%3EData%20entry%20tasks%2C%20virtual%20assistants%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIT%2C%20software%20development%20and%20tech%3A%20%3C%2Fstrong%3EData%20analyst%2C%20back-end%20or%20front-end%20developers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWriting%20and%20translation%3A%20%3C%2Fstrong%3EContent%20writing%2C%20ghost%20writing%2C%20translation%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOnline%20microtasks%3A%20%3C%2Fstrong%3EImage%20tagging%2C%20surveys%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20World%20Bank%3C%2Fem%3E%3C%2Fp%3E%0A
Your Guide to the Home
  • Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
  • Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
  • Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
     
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Oscars in the UAE

The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am

Ronaldo's record at Man Utd

Seasons 2003/04 - 2008/09

Appearances 230

Goals 115

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Updated: October 09, 2023, 10:56 PM