The hydrocarbon industry should be included in the energy mix globally even as the world focuses on cutting emissions and protecting the environment, according to the UAE's Minister of Industry and Advanced Technology and special envoy for climate change.
The “hydrocarbon industry should be included as part of the mix because if we want to successfully transition through the energy system of tomorrow, we can’t simply unplug from the energy system of today and we can’t do this with a flip of a switch”, Dr Sultan Al Jaber, who is also managing director and group chief executive of Abu Dhabi National Oil Company, said during a panel discussion at the Abu Dhabi Sustainability Week Summit on Tuesday.
“We need to take time and we need to consult and engage all those relevant in the consultation and in the discussions,” Dr Al Jaber said.
“We need to make the current system more efficient with less carbon and we should leverage the expertise from across the energy sectors to help find practical and meaningful climate solutions
The UAE announced a net-zero emissions by 2050 strategy in the build up to Cop26, which was held in Glasgow, Scotland, in November. In 2023, the Emirates will become the first Gulf Arab nation to host the Cop summit.
“We want Cop 28 to be as inclusive as possible reflecting the views of developed nations alongside developing countries, also reflecting public and private sector views, scientists and civil society.”
The region can play a critical role in ensuring reliable supplies of “the least intensive oil and gas and we can make sure that this is available to the market where it is needed”, Dr Al Jaber said.
“We are of course leveraging this position to drive down the carbon intensity through many initiatives and projects such as carbon capture and storage. We are also investing our capabilities in hydrogen, both blue and green.”
One of the lightest and most abundant elements in the universe, hydrogen is being prioritised around the world as a viable alternative fuel.
Blue and grey hydrogen are produced using natural gas while green hydrogen is produced using renewable energy sources.
The UAE, the Arab world’s second-largest economy, is developing numerous clean energy projects as it aims to become carbon neutral by 2050. It is currently constructing Barakah Nuclear Energy Plant, the Arab world’s first multi-unit operating nuclear energy plant.
The UAE is also building renewable energy projects to boost the supply of clean energy in the country, including the world’s largest solar plant in the Al Dhafra region of Abu Dhabi. The 2-gigawatt plant is expected to be fully operational this year.
Dubai is developing the 5-gigawatt Mohammed bin Rashid solar park as part of its strategy to cut emissions.
“We have invested in more than 40 countries and we today already have access to 23 gigawatts of clean, zero carbon emission sources of power that positions us uniquely on the global renewable energy map,” Dr Al Jaber said.
The joining of UAE's energy giants Adnoc and Taqa in Masdar will further in increase the country's clean power generation capacity to 50 gigawatts by 2030, he added.
Taqa is set to take a major stake with a 43 per cent shareholding in Masdar’s renewable energy business with Mubadala retaining a 33 per cent share and Adnoc holding a 24 per cent stake after the completion of the transaction in the coming months.
There are investment opportunities worth at least $3 trillion in the renewable energy space globally over the next 10 years, which will provide an opportunity for the UAE to capitalise on, Dr Al Jaber said.
“In fact, this is the thinking behind our net-zero strategic initiative. We see it as a new economic development opportunity and it is an opportunity that will help us create a new industry, new skills, new jobs, new partnerships and new models of engagement with relevant parties around the world and for us, the business of tackling climate change is simply a good business opportunity.”
UAE%20athletes%20heading%20to%20Paris%202024
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Naga
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The Africa Institute 101
Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
ZIMBABWE V UAE, ODI SERIES
All matches at the Harare Sports Club:
1st ODI, Wednesday - Zimbabwe won by 7 wickets
2nd ODI, Friday, April 12
3rd ODI, Sunday, April 14
4th ODI, Tuesday, April 16
UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
UAE currency: the story behind the money in your pockets
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Company%20profile
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On the menu
First course
▶ Emirati sea bass tartare Yuzu and labneh mayo, avocado, green herbs, fermented tomato water
▶ The Tale of the Oyster Oyster tartare, Bahraini gum berry pickle
Second course
▶ Local mackerel Sourdough crouton, baharat oil, red radish, zaatar mayo
▶ One Flew Over the Cuckoo’s Nest Quail, smoked freekeh, cinnamon cocoa
Third course
▶ Bahraini bouillabaisse Venus clams, local prawns, fishfarm seabream, farro
▶ Lamb 2 ways Braised lamb, crispy lamb chop, bulgur, physalis
Dessert
▶ Lumi Black lemon ice cream, pistachio, pomegranate
▶ Black chocolate bar Dark chocolate, dates, caramel, camel milk ice cream
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
ILT20%20UAE%20stars
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Suggested picnic spots
Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes
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Five personal finance podcasts from The National
To help you get started, tune into these Pocketful of Dirham episodes
·
Balance is essential to happiness, health and wealth
·
What is a portfolio stress test?
·
What are NFTs and why are auction houses interested?
·
How gamers are getting rich by earning cryptocurrencies
·
Should you buy or rent a home in the UAE?
BLACKBERRY
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'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
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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
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
