Every time a natural disaster destroys lives, homes and critical infrastructure – as the floods in Valencia, Spain have done most recently, with more than 200 people dying and thousands displaced – the need to take action, raise funds and collectively address climate change comes into even sharper focus.
Over the past decades, certain themes have remained constant. These include the need for public-private partnerships between stakeholders to raise capital so that climate solutions can be adopted and scaled up, which could then slow the warming and degradation of the planet. The need to raise vast sums of money required to implement climate solutions has been well-documented but to keep them going consistently for decades, until the crucial goals of net zero are achieved, are as pressing.
The energy sector is instrumental to help mitigate some of the worst effects of climate calamities
In recent years, given the undeniable march of technology, artificial intelligence has gained currency as one solution to the climate crisis. On Sunday, it was prominent on the agenda at the Enact Majlis in Abu Dhabi, which brought together global leaders across the fields of energy, technology, sustainability and investment to discuss the solutions needed to realise AI’s full potential. Building partnerships to develop solutions at the nexus of sustainability, technology and energy is vital.
It is therefore telling that, as decarbonisation remains among the most important missions for the energy industry, this year's Adipec, the annual four-day energy conference and exhibition in Abu Dhabi that begins today, will focus on AI's role. This week, energy ministers, policymakers, academics and domain experts, chief executives and other influential figures in the oil and gas industry will meet at a time when a number of challenges in the area of climate mitigation remain.
One among these challenges is the need to reduce methane emissions, which would require industry-wide transformations, as Ibrahim Al Zubi, Adnoc's group chief sustainability and ESG officer, wrote in these pages. Even as technology progresses faster than many people can keep pace with, it is perhaps unsurprising that solutions to a variety of climate challenges – including tackling carbon emissions – may lie at the cross-section of innovation, research and development.
AI, for instance, has been criticised for being energy-intensive. But if harnessed correctly, it could turn things around. That is indicated in a joint report from Adnoc, Masdar and Microsoft titled Powering Possible: AI and Energy for a Sustainable Future. It reveals many interesting possibilities, including the fact that new AI tools can detect methane leaks much more accurately than older methods, and will be crucial in meeting the global goal of cutting methane emissions by 30 per cent by 2030.
In any part of the world struck by unusual weather patterns, be it hurricanes or floods, and with each passing year, the case for climate mitigation solutions and their implementation grows only more urgent.
The energy sector is instrumental to help mitigate some of the worst effects of these calamities. Big industry events such as Adipec serve as a platform to take forward the dialogue on finding and financing solutions for the coming climate emergency. With time to act being finite, the lives of future generations are intricately tied to the health of the planet, a driving motivation for all parties to focus on workable, sustainable solutions.
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Killing of Qassem Suleimani
KILLING OF QASSEM SULEIMANI
MATCH INFO
Manchester City 0
Wolves 2 (Traore 80', 90 4')
BRIEF SCORES:
Toss: Nepal, chose to field
UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23
Nepal 132-7: Jora 53 not out; Zahoor 2-17
Result: UAE won by 21 runs
Series: UAE lead 1-0
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
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Top Hundred overseas picks
London Spirit: Kieron Pollard, Riley Meredith
Welsh Fire: Adam Zampa, David Miller, Naseem Shah
Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott
Northern Superchargers: Dwayne Bravo, Wahab Riaz
Oval Invincibles: Sunil Narine, Rilee Rossouw
Trent Rockets: Colin Munro
Birmingham Phoenix: Matthew Wade, Kane Richardson
Southern Brave: Quinton de Kock
More from Neighbourhood Watch:
More from Neighbourhood Watch:
The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
UAE currency: the story behind the money in your pockets
Profile
Name: Carzaty
Founders: Marwan Chaar and Hassan Jaffar
Launched: 2017
Employees: 22
Based: Dubai and Muscat
Sector: Automobile retail
Funding to date: $5.5 million
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
Elvis Presley, Mystery Train (1955)
The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
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HEADLINE HERE
- I would recommend writing out the text in the body
- And then copy into this box
- It can be as long as you link
- But I recommend you use the bullet point function (see red square)
- Or try to keep the word count down
- Be wary of other embeds lengthy fact boxes could crash into
- That's about it
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.
Killing of Qassem Suleimani
