UAE unveils net-zero initiative for 2050


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The UAE announced on Thursday an ambitious strategic initiative to reduce carbon emissions by 2050.

The plan will mean Dh600 billion being invested in clean and renewable energy sources in the next three decades.

It comes in a crucial year in the fight to protect the planet, with the UAE building momentum ahead of the Cop26 climate talks in the UK next month.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the country would “play its global role in combating climate change".

He said the UAE development model will take into account the net zero goal and that all institutions would work as one team towards it.

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said: “The UAE’s Net Zero 2050 Strategic Initiative announced today is consistent with the long-standing vision of the UAE and its people to make a significant contribution to global sustainability efforts, while supporting economic and human development both at home and around the world.”

The UAE net zero announcement comes ahead of the crucial Cop26 climate conference in Glasgow next month, which has been described as the most important summit since the Paris Agreement in 2015.

The UAE “net zero by 2050 strategic initiative” aligns with the Paris deal. Agreed to in 2015 and signed by 195 countries including the UAE, the objective of the Paris deal is to limit the global average temperature increase to 1.5°C above pre-industrial levels.

Cop26 represents the first time that countries are expected to commit to enhanced pledges to cut emissions since the Paris accord was signed.

UN secretary general, Antonio Guterres, welcomed the UAE’s pledge.

“We very much welcome this very important announcement and the secretary general looks forward to the UAE submitting as soon as possible a new nationally determined contribution in line with this ambitious goal that the government set for itself,” his spokesman, Stephane Dujarric said. “We encourage other states in the Gulf to follow this example, especially ahead of the Cop-26 climate talks in Glasgow.”

The UAE's initiative, meanwhile, takes into consideration key economic sectors in the country and supports their efforts to benefit from green growth opportunities. Federal and local government authorities will develop plans to introduce the measures to reduce emissions, while also ensuring economic growth.

“Our announcement … is consistent with our drive to diversify and build a knowledge-based economy, adopt the principles of a green and circular economy, protect the environment, attract foreign direct investment and develop competencies in future growth areas,” said Mariam Al Mheiri, Minister of Climate Change and Environment and Minister of State for Food Security.

UK Prime Minister Boris Johnson praised the UAE's commitment to net zero emissions.

"Fantastic news that the UAE has become the first Gulf country to commit to Net Zero emissions by 2050," he said.

"This is a significant step in tackling climate change and I hope more countries commit to Net Zero ahead of Cop26."

Alok Sharma, president of the Cop26 summit, due to be held in Scotland later this month said of the UAE pledge: "I am delighted the UAE has announced it will reach net zero carbon by 2050.

"As the first net zero-carbon commitment in the Gulf, this is an historic announcement," Mr Sharma said.

"I look to others in the region to also announce ambitious climate action commitments ahead of Cop26."

Dr Sultan Al Jaber, UAE Special Envoy for Climate Change, said the announcement epitomises the vision of the UAE's leadership and drives sustainable development.

“The UAE [net zero] strategic initiative is an open invitation to the world to collaborate with the UAE in developing practical solutions, boosting multilateralism and creating opportunities for sustainable socio-economic development,” said Dr Al Jaber.

The Ministry of Climate Change and Environment will lead efforts to execute the plan. It will entail close co-operation with civil society, foreign governments and international organisations, including the International Renewable Energy Agency, which has its headquarters in the UAE.

The UAE has long been committed to protecting the environment and embracing clean energy. The country began financing clean energy projects more than 15 years ago, and has invested more than $40 billion in the sector to date.

The UAE also enjoys the world’s lowest-cost solar power and is home to three of the largest solar facilities in the world. It is also the first Arab country to develop a peaceful nuclear energy programme.

Authorities are also addressing the fact that agriculture is responsible for about a quarter of global carbon emissions. It is leading efforts to drive innovation in agritech, in particular by reducing water and energy use in farming.

The move was also welcomed by the chairman of the Abu Dhabi Department of Energy.

“The announcement of the UAE net zero by 2050 strategic initiative is a significant milestone that reflects long-term dedication to sustainable economic development and to the tenets of the 2015 Paris Agreement on Climate Change,” said Awaidha Al Marar.

“In just five years Abu Dhabi will be producing almost 55 per cent of its electricity from clean sources, halving the CO2 emissions associated with the power sector,” he said.

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The specs

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Engine: twin-turbocharged 3.5-liter V6

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Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

UAE currency: the story behind the money in your pockets
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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Updated: October 07, 2021, 7:12 PM