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India seeks threefold increase in coal stocks to prevent summer power shortages
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Indian companies report mixed second-quarter results on November 4
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Indus Towers expands solar-powered network to 50,000 telecom sites
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KKR secures Indian regulator approval for Gentari Renewables investment
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Equitas Small Finance Bank rebounds after naming interim chief executive
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Bharti Airtel revenue expected to grow at double-digit pace in second quarter
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Titan quarterly profit seen rising as jewellery business drives growth
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Indian crude-sensitive shares gain after 13% oil-price decline
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Kuwait finance minister holds economic cooperation talks at COMCEC
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Stocks and dollar fall as Democratic election gains reshape markets
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82-Year-Old American Transforms 2003 Mercedes Sprinter into Permanent Home
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Abdul El-Sayed Wins Michigan Senate Seat, Becoming First Muslim in US Congress
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Abdul El-Sayed declares victory in Michigan Senate contest
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Kuwait marks key events and anniversaries from national history
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Democrats capture US Congress in sweeping midterm victory
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Trump congratulates Democrats and signals willingness to cooperate
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Manchester United rallies past Roma as PSG dominates in Champions League
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Enel to Install Solar Panels at Niterói Waste Management Facility
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Qatar prime minister advances mediation through diplomatic calls
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Qatar sees tentative opening for renewed regional diplomacy
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Greenland parliament approves security agreement with United States
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Qatar Tourism joins Pacific Asia Travel Association at London travel market
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Qatar envoy meets incoming UN General Assembly president
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Abdul El-Sayed Wins Michigan Senate Seat in Historic Election
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Trump Signals Willingness to Work With Democrats After Midterm Defeat
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Qatar media bodies discuss support for humanitarian initiatives
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Pitches and Keynote Speakers Are Confirmed for Blue Magic Netherlands on November 17
UAE: fossil fuel power and COP28 host
A gas-guzzling fossil fuel exporter trying to spearhead more ambitious climate action, the United Arab Emirates remains heavily dependent on hydrocarbons for its prosperity.
- The carbon footprint -
The UAE may be a small country of only nine million inhabitants but it emitted 237 million tonnes of carbon dioxide (CO2) in 2021, according to the Global Carbon Atlas -- without including methane and other greenhouse gas emissions.
The United Kingdom, for comparison, emitted 348 million that year for a population of 67 million people.
The Gulf state ranks at 25 tonnes of CO2 emitted per person, higher than its fossil fuel-producing neighbour Saudi Arabia (18 tonnes) but below the record-breaking Qataris (40 tonnes) in 2021.
The tallies do not account for the oil and gas exported by these countries to other nations: they solely consider the CO2 emitted directly by inhabitants and businesses -- reflecting an economy and a way of life still heavily reliant on the combustion of oil and gas.
Energy-intensive construction and cooling activities flourish as gleaming skyscrapers sprout from the once barren desert and air conditioning is ubiquitous in the scorching heat.
Electricity in the Emirates is nearly entirely produced by burning gas (82.5 percent in 2022).
Renewables only account for five percent of its power, and a burgeoning nuclear capacity has seen atomic power's share jump to almost 13 percent in 2022, according to the energy think tank Ember.
- The climate ambition -
In July, the UAE announced an updated climate action strategy, joining a growing list of nations committed to tripling renewable energy production by 2030.
It unveiled plans to slash emissions in everything from industry to transport, including a new focus on electric cars.
It recently launched its first wind farm. And just two weeks before COP28 it inaugurated the Al Dhafra solar power plant -- one of the largest in the world.
But the UAE's climate strategy has been deemed "insufficient" or "highly insufficient", depending on the criteria, by Climate Action Tracker (CAT), a monitoring group which tracks government climate action and measures it against the global effort needed to keep warming below 1.5 degrees Celsius compared to pre-industrial levels.
CAT cited planned increases in oil production, offshore gas exploration and a 2050 net-zero target lacking credible emission reduction policies as reasons for its rating.
The Emiratis, however, highlight the rising diversification of their economy -- even if oil and gas remain dominant, they represent 30 percent of GDP compared to Saudi Arabia's 42 percent.
- ADNOC's role -
The UAE is the seventh largest producer of oil in the world, ahead of Iran and Kuwait, through their state-owned Abu Dhabi National Oil Company (ADNOC).
ADNOC plans to invest $150 billion dollars between 2023-2027 to expand its oil and gas production capacity.
In October, it announced a new off-shore gas project known as the Hail and Ghasha fields.
The project, located within a marine biosphere reserve, is spearheaded by ADNOC CEO Sultan Al Jaber -- also the founding chief executive of the renewable energy company Masdar and this year's COP28 president.
His chairmanship of the climate talks has drawn the ire of campaigners accusing the country of double dealing.
Jaber has said the UAE's oil is cheaper and less carbon-intensive than that of other producers and that ADNOC seeks to increase the capacity for extracting oil, rather than its production, to meet future demand.
Fossil fuels should only be abandoned once enough renewables can replace them, he argues.
The UAE supports carbon capture and storage (CCS) technologies that remain far from capable of storing the billions of tonnes of CO2 necessary.
"With its focus on 'emissions-free' fossil fuels and CCS, the UAE is clearly pushing an agenda to distract attention from a fossil fuel phase-out," said Mia Moisio, of the NewClimate Institute non-profit organisation.
According to the non-profit Global Witness, ADNOC is "on course" to increase its total emissions from oil and gas by more than 40 percent, reaching 684 million tonnes of CO2 by 2030 -- nearly triple the nation's 2021 emissions.
F.Wagner--VB