Zero Carbon Ventures, a UAE-based company dedicated to bringing carbon-reducing technologies to the Middle East and North Africa, has raised $5 million in seed funding from Emirati businessman and Dubai ruling family member Sheikh Ahmed bin Mana.
Sheikh Ahmed was also appointed as the company's strategic investor and chairman of the board of directors, Zero Carbon Ventures said in a statement on Thursday.
The funding will help the company deliver decarbonisation projects and accelerate its efforts towards global sustainability initiatives on a wider scale, it said.
“Our ambition has always been to enact tangible change. Our fully established and experienced senior management team ... is incredibly well-positioned to drive our sustainability initiatives even further,” Martin Reynolds, chief executive of Zero Carbon Ventures, said.
The company, which was established in 2022, has offices in Masdar City and Abu Dhabi Global Market. One of its projects is tackling the issue of methane emitted from landfills by capturing the gas before it escapes into the atmosphere and repurposing it to valuable commodities, according to its website.
In October 2022, Masdar City and Zero Carbon Ventures signed a preliminary pact to explore collaboration on advanced technologies to reduce carbon emissions in the UAE capital.
The UAE will host the Cop28 climate conference in November. The meeting, which will follow on from Cop27 in Egypt last year, will seek solutions to the threats posed by climate change.
The Arab world’s second-largest economy has been investing heavily in renewable energy projects to achieve net-zero emissions by 2050.
The country approved an updated version of the UAE Energy Strategy 2050 and the development of the National Hydrogen Strategy in July.
As part of the plan, the UAE plans to invest Dh200 billion ($54 billion) by 2030 to ensure energy demand is met while sustaining economic growth.
Abu Dhabi also announced its Climate Change Strategy for 2023-2027 in July, aimed at reducing emissions by 30 million tonnes by 2027, from 135 million tonnes in 2016.
Major clean energy projects the UAE is developing include the Barakah nuclear plant, a two-gigawatt solar plant in Abu Dhabi's Al Dhafra region, and the five-gigawatt Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
The Al Dhafra plant is expected to mitigate 2.4 million tonnes of carbon dioxide annually, while the Mohammed bin Rashid Al Maktoum Solar Park will reduce 6.5 million tonnes of carbon emissions a year when complete.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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
RESULTS
Men – semi-finals
57kg – Tak Chuen Suen (MAC) beat Phuong Xuan Nguyen (VIE) 29-28; Almaz Sarsembekov (KAZ) beat Zakaria Eljamari (UAE) by points 30-27.
67kg – Mohammed Mardi (UAE) beat Huong The Nguyen (VIE) by points 30-27; Narin Wonglakhon (THA) v Mojtaba Taravati Aram (IRI) by points 29-28.
60kg – Yerkanat Ospan (KAZ) beat Amir Hosein Kaviani (IRI) 30-27; Long Doan Nguyen (VIE) beat Ibrahim Bilal (UAE) 29-28
63.5kg – Abil Galiyev (KAZ) beat Truong Cao Phat (VIE) 30-27; Nouredine Samir (UAE) beat Norapat Khundam (THA) RSC round 3.
71kg – Shaker Al Tekreeti (IRQ) beat Fawzi Baltagi (LBN) 30-27; Amine El Moatassime (UAE) beat Man Kongsib (THA) 29-28
81kg – Ilyass Hbibali (UAE) beat Alexandr Tsarikov (KAZ) 29-28; Khaled Tarraf (LBN) beat Mustafa Al Tekreeti (IRQ) 30-27
86kg – Ali Takaloo (IRI) beat Mohammed Al Qahtani (KSA) RSC round 1; Emil Umayev (KAZ) beat Ahmad Bahman (UAE) TKO round
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
RESULTS
6.30pm: Handicap (rated 100 ) US$175,000 1,200m
Winner: Baccarat, William Buick (jockey), Charlie Appleby (trainer)
7.05pm: Handicap (78-94) $60,000 1,800m
Winner: Baroot, Christophe Soumillon, Mike de Kock
7.40pm: Firebreak Stakes Group 3 $200,000 1,600m
Winner: Heavy Metal, Mickael Barzalona, Salem bin Ghadayer
8.15pm: Handicap (95-108) $125,000 1,200m
Winner: Yalta, Mickael Barzalona, Salem bin Ghadayer
8.50pm: Balanchine Group 2 $200,000 1,800m
Winner: Promising Run, Pat Cosgrave, Saeed bin Suroor
9.25pm: Handicap (95-105) $125,000 1,800m
Winner: Blair House, James Doyle, Charlie Appleby
10pm: Handicap (95-105) $125,000 1,400m
Winner: Oh This Is Us, Tom Marquand, Richard Hannon
Top 10 most polluted cities
- Bhiwadi, India
- Ghaziabad, India
- Hotan, China
- Delhi, India
- Jaunpur, India
- Faisalabad, Pakistan
- Noida, India
- Bahawalpur, Pakistan
- Peshawar, Pakistan
- Bagpat, India
RoboCop%3A%20Rogue%20City
%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3ETeyon%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ENacon%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20Xbox%20Series%20X%2FS%20and%20PC%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
More coverage from the Future Forum
'Skin'
Dir: Guy Nattiv
Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga
Rating: 3.5/5 stars
UAE currency: the story behind the money in your pockets
High profile Al Shabab attacks
- 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
- 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
- 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
- 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
- 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
- 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
