ABU DHABI // The UAE is positioning itself as a “centre of gravity” for energy, officials said at the opening of Abu Dhabi Sustainability Week on Monday.
Tens of thousands of people from more than 170 countries were welcomed at the event, which is the first major international gathering in 2017 aimed at mitigating climate change.
Issues such as growing energy and water needs, challenges of urbanisation and priorities for dealing with climate change are expected to be discussed at the conference, attended by six heads of state, from Paraguay, Costa Rica, Montenegro, Kazakhstan, the Seychelles and Nepal.
“In this new era, renewables and hydrocarbons enjoy a truly symbiotic relationship that is reshaping the economics of energy,” Dr Sultan Al Jaber, Minister of State, said during the conference.
“And nowhere is this paradigm shift more true than here, in this part of the world.”
The region wants to use its 75 years of experience as the centre of hydrocarbon energy and transfer those skills to investment in renewable energy, said Dr Al Jaber.
He said that while oil and gas will remain critical drivers of the global economy, the UAE recognises the immediate and long-term advantages of a fully diversified energy mix, which are embodied in the 2050 energy strategy announced last week.
The UAE Energy Plan 2050 aims to cut carbon dioxide emissions by 70 per cent, increase clean energy use by 50 per cent and improve energy efficiency by 40 per cent.
“We value our hydrocarbon resources, yet see an even greater opportunity in leveraging the benefits of both new and traditional forms of energy, by integrating them into a more creative and productive commercial proposition,” said Dr Al Jaber.
Kazakh president Nursultan Nazarbayev said it is a chance to hold dialogue among politicians, scientists and experts.
“The 21st century needs to be the epoch where the fate of the planet is decided for thousands of years to come,” said Mr Nazarbayev.
“However, energy policy is still multidirectional. In many policies we don’t find the necessary commitment.”
Mr Nazarbayev was referring to countries’ policies that do not reflect their commitment to the Paris Agreement, in which 197 entities agree to limit global warming to less than 2 degrees by 2050.
“No country can develop the energy formula, ‘develop now and take care of the environment later’,” he said. “We need the scenario of securing safe and energy efficient plans, to reduce global warming to 1 or 2 degrees.”
However, global investments are beginning to change, he said, with work being done to decrease the growth of hydrocarbons. In 2015, renewable energy investment equalled investment in fossil fuel energy.
This week’s agenda includes annual meetings of the International Renewable Energy Agency, and the conference of the Women in Sustainability, Environment and Renewable Energy.
nalwasmi@thenational.ae
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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)
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Results
4pm: Maiden (Dirt) Dh165,000 1,600m
Winner: Moshaher, Pat Dobbs (jockey), Doug Watson (trainer).
4.35pm: Handicap (D) Dh165,000 2,200m
Winner: Heraldic, Richard Mullen, Satish Seemar.
5.10pm: Maiden (Turf) Dh165,000 1,600m
Winner: Rua Augusta, Harry Bentley, Ahmad bin Harmash.
5.45pm: Handicap (D) Dh190,000 1,200m
Winner: Private’s Cove, Mickael Barzalona, Sandeep Jadhav.
6.20pm: Handicap (T) Dh190,000 1,600m
Winner: Azmaam, Jim Crowley, Musabah Al Muhairi.
6.55pm: Handicap (D) Dh190,000 1,400m
Winner: Bochart, Richard Mullen, Satish Seemar.
7.30pm: Handicap (T) Dh190,000 2,000m
Winner: Rio Tigre, Mickael Barzalona, Sandeep Jadhav.
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More than 2.2 million Indian tourists arrived in UAE in 2023
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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
RESULTS
5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
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The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5