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Clean energy is “the road to progress” and COP28 President-Designate has an “extraordinary track record”, says Iceland’s former president on ADSW Talks

07 JUL 2023

Iceland stands as a “model of sustainable energy” because 100 percent of its electricity comes from clean sources, the country’s former President Ólafur Ragnar Grímsson, told ADSW Talks.

Mr Grímsson, who also described his hopes for COP28, said things hadn’t always been this way.

“Over 80 percent of our energy came from imported oil and coal,” he said. “We are now number one in the world in terms of clean energy transformation, we can offer constant energy prices 10, 20 years into the future.”

He said the core lesson from Iceland is that “a comprehensive clean energy transformation is good business, it’s the foundation of our prosperity, it’s the foundation of our economic success, it’s the foundation of our entrepreneurship.”

Mr Grímsson added, “sustainability is the road to progress through prosperity, to good health to good education, to food. We can create a good life for everybody and save the future of the planet.”

Speaking about the task ahead for HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, he said “Even if he is the CEO of an oil company, people should not forget that he is one of a very small group of leaders in the clean energy transformation with an extraordinary track record… and what’s extraordinary about Dr Sultan’s appointment is that he is willing to let himself come forward and let the world test his leadership, that takes courage…” and a “strong vision.”

Commenting on the effects of climate change in the Arctic, he said, “The climate challenge is fundamentally all about ice, the reason why we have these extreme weather patterns all over the world and rising sea levels is that the glaciers on the ice are melting… It’s the interaction between the ice and the rest of the world, the reason why the monsoon system is now in disarray.”

He sees the role of Abu Dhabi Sustainability Week as pivotal in bringing all parties to the table. He added that ADSW had developed into “the biggest annual gathering of the sustainability leadership in the entire world.” It’s success, he said, is tied to its inclusive approach through, “the political leadership, the environmentalists and the scientists, but also the businesses and the young people, which is in itself very important.”

Reflecting on Masdar’s progress since it was first formed in 2006, Mr Grímsson said, “It is a symbol of the 21st century… we don’t have to wait decades for the technologies to be creative… we can do it, we don’t have to wait for new technology that will solve all these problems.”

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01 MAY 2024

Exploring the future of green hydrogen through a historic advancement in sustainable aviation

Dr. Bertrand Piccard’s career as a global adventurer has helped demonstrate what is possible with renewable energy and clean technology. In this interview, he discusses his Solar Impulse project, the first round-the-world flight in a solar-powered airplane and his ongoing mission to promote clean energy and clean technology. “I remember flying across the ocean for several days at a time, with only the sun keeping my engines running,” Dr. Piccard says. “I thought I must be in the future, in a science fiction story. But it made me realize how much the world is actually living in the past.”

With this in mind, Dr. Piccard founded the Solar Impulse Foundation, which has identified over 1,000 technical solutions to help the world decarbonize. Now, his Climate Impulse project will fly a green-hydrogen-powered airplane non-stop around the world to show how green hydrogen can decarbonize aviation and other notoriously “hard-to-abate” industries. “Sustainability should not be a wish for the future but a practical action for the present. This is the greatest adventure of the 21 st century.”

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08 FEB 2024

Abu Dhabi, the UAE and the broader GCC region have a critical role in the energy transition space, says Rishi Kapoor, Co-Chief Executive Officer of Investcorp.

“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.”

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03 NOV 2023

UAE’s drive to establish ‘green certified’ schools will instill sustainability within younger generation, says country’s Minister of Education on ADSW Talks

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.”