Mariam Al Mheiri, Minister of Climate Change and Environment, at the International Government Communication Forum in Sharjah. Photo: Wam
Mariam Al Mheiri, Minister of Climate Change and Environment, at the International Government Communication Forum in Sharjah. Photo: Wam
Mariam Al Mheiri, Minister of Climate Change and Environment, at the International Government Communication Forum in Sharjah. Photo: Wam
Mariam Al Mheiri, Minister of Climate Change and Environment, at the International Government Communication Forum in Sharjah. Photo: Wam

Mariam Al Mheiri says last barrel of oil will be cause for celebration not a crisis


Patrick Ryan
  • English
  • Arabic

Mariam Al Mheiri, Minister of Climate Change and Environment, promised that the day the UAE uses its last barrel of oil must be a "cause for celebration rather than a crisis", as the nation builds towards a more sustainable future.

Ms Al Mheiri delivered the strong message during an address at the International Government Communication Forum in Sharjah on Wednesday.

She underlined the UAE's drive to triple its renewable energy contributions by 2030 – and double this number again in the following decade.

"The wisdom of our leadership lies in their recognition that oil is a finite resource and, as such, they steer the nation towards a sustainable future," she said.

"This transformation aims to ensure that the last barrel of oil becomes a cause for celebration rather than a crisis."

The minister's remarks echo a similar pledge made by President Sheikh Mohamed in 2015, in his previous capacity as Crown Prince of Abu Dhabi, to emphasise the country's commitment to diversifying its economy.

“In 50 years, when we might have the last barrel of oil, the question is: when it is shipped abroad, will we be sad?” Sheikh Mohamed asked during that year's World Government Summit in Dubai.

“If we are investing today in the right sectors, I can tell you we will celebrate at that moment.”

UAE prepared for post-oil era

More than eight years later, Ms Al Mheiri said the UAE remains on track as it prepares to host the Cop28 climate change summit in November.

What sets the UAE's sustainability experience apart, according to Ms Al Mheiri, is its practicality in identifying challenges and devising solutions to address them.

"Sustainability stands as one of the nation's foremost strategic priorities, both today and in the future," she said.

"Some may observe that the UAE is indeed blessed with abundant oil reserves, but the question arises: Do we rely solely on oil or envision a future where its use is limited to ensuring power supply?

"The unequivocal answer is no."

Ms Al Mheiri pointed to a number of the UAE's projects as examples of how the nation was committed to the sustainable path.

"The UAE has ambitious plans to significantly increase its reliance on renewable energy sources," she said.

"By 2030, the goal is to triple the contribution of renewables, and by 2040, this contribution will increase sixfold, alongside a greater emphasis on hydrogen utilisation.

Abu Dhabi's Barakah Nuclear Energy Plant is central to the UAE's clean energy drive. Photo: Wam
Abu Dhabi's Barakah Nuclear Energy Plant is central to the UAE's clean energy drive. Photo: Wam

"Additionally, the UAE is on track to fully operate the Barakah Nuclear Energy Plants, a pioneering initiative in the Arab world."

Signing up to the Paris Climate Agreement was another indication of the UAE's commitment to sustainability, she added.

"The UAE's objective includes safeguarding planet Earth against the repercussions of severe climate alterations," Ms Al Mheiri said.

"To attain this objective, the UAE has recently elevated its pledge to cut emissions by 40 per cent compared to the usual scenario of global efforts by 2030."

Only last week the UAE pledged $4.5 billion in support of clean energy projects at the Africa Climate Summit.

Ms Al Mheiri referenced that pledge in her speech on Wednesday.

Making a difference

"Just a few days ago, at the African Climate Summit in Nairobi, the UAE made a significant announcement," she said.

"They pledged a financing initiative amounting to $4.5 billion, aimed at bolstering Africa's capabilities in the realm of clean energy.

"Africa, a continent that bears the brunt of climate change's severe impacts, is responsible for only 2 per cent to 3 per cent of the global carbon emissions resulting from energy and industrial activities."

Global food security was another sector the UAE was working to improve, she added.

"The UAE is actively working towards global food security to combat the pervasive issue of hunger, which afflicted an astonishing 783 million people worldwide last year following Covid," Ms Al Mheiri said.

Another speaker at Wednesday's conference was equally vocal about the need to tackle food security issues.

"Food is a basic need of all beings, not just humans, it's the currency of life," said environmental activist and food sovereignty expert Vandana Shiva.

"One of the biggest tragedies facing us now is half of the hungry people in the world are food producers themselves who can't grow enough to feed themselves.

"They're growing commodities at high cost and earning nothing."

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UAE squad

Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

MATCH DETAILS

Liverpool 2

Wijnaldum (14), Oxlade-Chamberlain (52)

Genk 1

Samatta (40)

 

The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

UAE currency: the story behind the money in your pockets
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Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

Updated: September 13, 2023, 2:15 PM`