Economic diversification has long been a strategic goal of the UAE, so it is only appropriate that the country apply that policy to what has for decades been a cornerstone of its economy: Energy. The country proved it had the political will to do so last week, when UAE Minister of Foreign Affairs Shaikh Abdullah Bin Zayed Al Nahyan and British Prime Minister David Cameron launched the 175-turbine London Array project, the world’s largest offshore wind farm. The array, which is partly owned by Abu Dhabi-based Masdar, will supply about half-a-million UK homes with power.
DUBAI // A group of clients have filed formal complaints about a local company that sells carbon credits as a green investment.
Advanced Global Trading (AGT) claims that its investors can make 30 per cent returns by buying and selling carbon credits. But AGT clients say they have been unable to liquidate their investments for months, and market experts say the assets AGT sold have little to no resale value. At least five investors have filed complaints with Dubai Public Prosecution and the Dubai Department of Economic Development (Ded).
Thanks to the insightful vision of its wise leadership, the United Arab Emirates plays a leading role in today's renewable energy industry and climate change issues. The UAE's commitment towards this field was acknowledged when the country was chosen as the permanent headquarters for the International Renewable Energy Agency (IRENA) in Abu Dhabi.
Schoolchildren could soon be observing life beneath the ocean waves without getting their feet wet.
Coral reefs, seagrass beds and kelp forests can be viewed in real time from a classroom thanks to an educational programme that uses a network of underwater cameras.
The developers of the system – already used at three schools in the United States – yesterday met local educators and conservationists, hoping to introduce it in the UAE.