For more than a century, carbon has been a primary component of energy systems that have enabled economies across the world to prosper. But as the world seeks solutions to address the emissions challenge, and in light of the Covid-19 pandemic, and its economic and social impact, we must balance the need for sustainability with economic growth. The Circular Carbon Economy (CCE) can do just that.
The CCE encompasses four "Rs" – reduce, reuse, recycle and remove carbon. The Earth has been achieving this balance for billions of years; a natural and stable flow of carbon between the atmosphere, ocean and terrestrial ecosystems.
Until recently, humans have played a simple role within this cycle. We have extracted carbon from the ground and biosphere for hundreds of years, used it as a fuel to create energy and released it into the atmosphere. But by copying the natural process of the Earth, we can close the loop; and therefore, not only reduce emissions but also reuse, recycle and remove them entirely through energy efficiency, the use of renewables, technology and nature-based solutions.
When many people think of Saudi Arabia they think of oil, as we have been an energy leader for decades. However, in a new world of changing energy sustainability requirements, there is a need for reduced emissions. We want to build on our heritage and strengths to continue to be an energy leader in the next generation of sustainable technologies, particularly those related to the CCE approach.
We are one of the leading global investors in clean energy technologies, and already use carbon-capture to extract CO2 from the industrial process, employing it to maintain pressure in oil reservoirs and for enhanced oil recovery as well as reusing as feedstock for other industrial processes.
As a leading global energy producer and early adopter of carbon capture technology, it is our responsibility to drive towards a solution that balances the need to reduce global emissions, improve sustainability while not impacting economic growth.
Safeguarding the planet is one of the key pillars of our G20 presidency and CCE is key to achieve this aim, and ensure we pass on a better world to future generations.
There is still plenty to be done in order to scale up the CCE. There is a need to rapidly advance research, development, deployment and dissemination and commercialise promising technologies, innovations and practices. The G20 has launched the "CCE Accelerator" as a vehicle to do just that – a place where G20 members and non-members can identify, leverage, scale up and facilitate national and international collaboration on CCE – advancing global transition towards affordable, reliable and more sustainable energy for all.
The Accelerator will support collaboration on technologies and help move technologies at mature readiness levels into the market, thereby reducing costs and achieving economies of scale. The Accelerator will also look at advancing innovative business models, policy and regulatory options, and financing mechanisms to help create stronger public-private partnerships.
The Saudi G20 presidency believes that carbon does not need to be the enemy but can be an ally in achieving sustainability, reducing emissions while balancing an inclusive economic growth in a post-Covid-19 world. And we have taken a significant step forward during this years' presidency to make that vision become a reality.
Khalid Abulief is the chief negotiator for climate agreements at the Saudi Ministry of Petroleum and Mineral Resources
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
The five pillars of Islam
SERIE A FIXTURES
Friday Sassuolo v Benevento (Kick-off 11.45pm)
Saturday Crotone v Spezia (6pm), Torino v Udinese (9pm), Lazio v Verona (11.45pm)
Sunday Cagliari v Inter Milan (3.30pm), Atalanta v Fiorentina (6pm), Napoli v Sampdoria (6pm), Bologna v Roma (6pm), Genoa v Juventus (9pm), AC Milan v Parma (11.45pm)
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
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The figures behind the event
1) More than 300 in-house cleaning crew
2) 165 staff assigned to sanitise public areas throughout the show
3) 1,000 social distancing stickers
4) 809 hand sanitiser dispensers placed throughout the venue
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Afcon 2019
SEMI-FINALS
Senegal v Tunisia, 8pm
Algeria v Nigeria, 11pm
Matches are live on BeIN Sports
More from Rashmee Roshan Lall
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
BUNDESLIGA FIXTURES
(All games 4-3pm kick UAE time) Bayern Munich v Augsburg, Borussia Dortmund v Bayer Leverkusen, Hoffenheim v Hertha Berlin, Wolfsburg v Mainz , Eintracht Frankfurt v Freiburg, Union Berlin v RB Leipzig, Cologne v Schalke , Werder Bremen v Borussia Monchengladbach, Stuttgart v Arminia Bielefeld
PETER%20PAN%20%26%20WENDY
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDavid%20Lowery%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Alexander%20Molony%2C%20Ever%20Anderson%2C%20Joshua%20Pickering%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
