ADSW Talks

“I can think of no other region in the world that is better suited to drive that adaptation and transition through the necessary innovation and flow of capital supporting that innovation, when it comes to addressing climate change,” Kapoor says.

He clarifies the term climate financing as the allocation of capital such that it delivers a prudent, inclusive energy transition and drives innovation in terms of new technologies, products and services – to help both consumers and corporates adapt and mitigate the effects of climate change and reduce their carbon footprints.

Climate financing, Kapoor says, is also capital that is necessary to commercially scale up these new solutions across the world, whether in the Global South or the developed West.

Investcorp’s goal is to reach net zero by 2050 in line with global commitments, but perhaps even more impactful is its support for the companies in its portfolio, to help them reduce their carbon emissions.

The global investment company is also establishing “a new platform to invest capital in companies that are solely devoted to establishing and scaling up decarbonization solutions for consumers and corporates worldwide,” Kapoor says.

Growth at all costs was once the mantra of corporations. Later, it was “inclusive” growth that leaves no one behind. Kapoor’s vision for the future goes a step further. Growth that is both inclusive and sustainable, he says, is the future not only of business, but of humanity and civilization at large. “So that not only do you not do any harm, you actually do good.”

Teaching the next generation about sustainability at an early age will help protect the planet’s future, says Dr Ahmad Belhoul Al Falasi on ADSW Talks.

With the global population forecast to reach 10 billion by 2050, it is vital that young people are equipped to drive the energy transition and lead sustainable lifestyles, he adds.

“We need to work on our students today because they will be the ones making the future 20 years from now,” says Dr Al Falasi.

“We are integrating sustainable behaviors at a very early stage to really make students aware of the impact that each of them has on their lives and on the globe.”

This is done inside and outside the classroom, he adds. For instance, students are encouraged to conduct experiments to help them appreciate the importance of sustainability.

Describing the UAE’s ‘Green Education Partnership’, Dr Al Falasi talks about four pillars, including ‘greening’ schools so they reduce their carbon footprints and train teachers to impart sustainability knowledge and encourage environmentally friendly practices.

“We want our schools to become anchors within the communities,” he says.

He adds that the UAE has targets for half of all schools to be ‘green certified’ and to train 2,800 educators and 1,400 school principals. The plan also involves supporting 70 students and teachers to spread the sustainability message globally.

The UN climate change conference COP28, to be hosted in the UAE in November and December, will be the first COP to have an ‘Education Pavilion’. Dr Al Falasi hopes this development will leave a positive legacy.

“We truly believe that a platform is required to convene educators, students, experts, policymakers, and government officials to really work together and integrate sustainability into education,” he says. “This will be a first, but we hope that this will be a consistent theme in all COPs going forward.”

He also shares his dream for future generations to live sustainably, following in their ancestors’ footsteps.

“My wish is that in years from now, my grandchildren and their grandchildren will live a very comfortable life and will go back to our DNA in the UAE,” he says. “We’ve always lived a sustainable life. I would love for us in the future to go back to that lifestyle. To really appreciate every resource that we have, whether it is water, whether it’s energy, whether it’s food and to create an environment where we collaborate for a brighter future.”