A Cop28 edition of Abu Dhabi Sustainability Week is to tackle how the world can empower climate action and scale up finance.
The centrepiece will be the ADSW summit on December 4, addressing three crucial climate themes: unlocking financing; enabling the energy transition; and making business sustainable.
The ADSW Cop28 event will also include the Abu Dhabi Sustainable Finance Forum, organised by Abu Dhabi Global Market, on December 4, and the Atlantic Council Global Energy Forum on December 5 and 7.
“This special edition of ADSW at Cop28 provides a unique opportunity to further identify and discuss pathways for climate action partnerships,” said Mohamed Al Ramahi, chief executive of Masdar which is organising the edition.
“A critical step towards solving the climate crisis is recognising existing blockages in the system and developing effective solutions,” he said.
Abu Dhabi Sustainability Week will also stage events at the Cop28 venue, Expo City Dubai.
ADSW will also feature the Women in Sustainability Environment and Renewable Energy (WiSER) initiative, which will co-host the first Arab Women Leaders’ Summit with the Cop28 presidency on December 4, while Youth 4 Sustainability on December 8 will provide a platform for young people to engage in climate issues.
In the green zone, the ADSW partnership hub will run events at the Alif Pavilion from December 5 to 6 for participants to exchange ideas, while ADSW Live will stream interviews. Cop28 runs from November 30 to December 12.
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Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
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