Abu Dhabi Media to air EAD’s new documentary: ‘Our Sea… Our Future’ now that all fossil fuels divestment appears to generalise for reasons known to everyone overwhelmingly. Rediscovering the sea and historical pearl-diving could well be a segment of diversification of the economy. It must be noted that Abu Dhabi-based Future Rehabilitation Centre is not also that far from the sea shore. Anybody sees anything wrong ?
Abu Dhabi Media to air EAD’s new documentary: ‘Our Sea… Our Future’
ABU DHABI, (WAM) — The Environment Agency – Abu Dhabi (EAD) has unveiled its new documentary: “Our Sea .. Our Future,” as a part of its ongoing cooperation with Abu Dhabi Media.
The 35-minute documentary highlights the fisheries sector, which is an integral part of Abu Dhabi’s heritage. The film illuminates the pressure that Abu Dhabi’s fisheries face, and the actions were taken by EAD to contain the impacts of overfishing on the marine environment, to ensure the recovery and renewal of the Emirate’s fish stocks.
The documentary was produced by EAD to highlight the roles of some of its employees and the challenges they face while conducting their various tasks and responsibilities. It also features interviews with EAD experts and specialists who emphasise the importance of fishing, the work undertaken by many Emiratis as a main source of income in the pre-oil era. Despite the ubiquitous development in all aspects of life in the UAE and the wide diversity of income sources, fishing remains one of the main sources of income and a valued traditional craft.
The documentary also showcases the perspectives of various fishermen, who are key partners of the agency.
Mohamed Ahmed Al Bowardi, Vice Chairman of EAD, commented, “Abu Dhabi is one of the key stakeholders in fisheries in the UAE, and the improvement of the fish stock and the abundance of demersal species represent very good indicators of the general condition of the country’s territorial waters in the Arabian Gulf.”
He pointed out that natural fisheries in the UAE, like others around the world, are subject to depletion due to several natural and human factors. Studies conducted by the agency show that the fishing sector in Abu Dhabi faced significant pressures, as the overutilisation of fisheries and the sharp depletion of the fish stock led to a more than 80% decline in the fish stock levels in the country. Moreover, several key commercial species declined to unsustainable levels.
He added, “As part of our efforts to protect the fish stocks and encourage sustainable use of fisheries and marine resources, the agency set several controls to manage fisheries in the emirate in a manner that would increase feasibility to utilise and preserve natural resources.”
Razan Khalifa Al Mubarak, Managing Director of EAD, said, “Fisheries are not only a source of revenues or income, as they also have a significant cultural and historical importance. Therefore, Abu Dhabi’s government considers their protection a key priority.”
She added, “We cannot underestimate the importance of early response to protect the marine resources for the current and next generations. After fish caught in the UAE were sufficient to meet the population’s needs, we are now depending heavily on importing to bridge the widening gap between supply and demand. Therefore, we took strict actions and controls that would ease the pressure off fisheries in the commercial and recreational sectors.”
Dr. Shaikha Salem Al Dhaheri, Secretary-General of EAD, said, “This documentary enabled us to highlight some of the main threats facing fisheries in Abu Dhabi, and the internationally-recognised efforts taken by the agency, in cooperation with its partners to manage the fish stocks. Those efforts resulted in creating multiple marine reserves, in addition to deploying a system for licencing commercial and recreational fisheries, and regulating the use of fishing equipment, in addition to imposing a seasonal ban to protect fish during the breeding season. The agency also set a minimum size for fish to be caught for some of the key types and prohibited unsustainable fishing methods.”
According to her, policies, procedures, and administrative controls were taken by the agency led to significant improvement in the fish stocks of some of the main commercial species that were depleted. EAD hopes for further improvement as the compliance with current policies and measures continue in a manner that helps achieve the desired outcomes of environmentally sustained fisheries.
Acting General Manager of Abu Dhabi Media Abdul Raheem Al Bateeh Alnuaimi, said, “With its contribution to the community, Abu Dhabi Media is keen to consolidate its leading position through raising the community’s awareness of various topics and initiatives, as well as reaching its target audience through its various media channels.
“Through airing this documentary, we aim to support environmental and cultural initiatives, highlighting the efforts made by the government to preserve Abu Dhabi’s environment and biodiversity. ‘Our Sea…Our Future’ documentary highlights the efforts of the Environment Agency and the concerned authorities in addressing the environmental challenges resulting from overfishing.”
This is the second documentary produced by EAD about marine resources in the UAE. The first one was “Our Sea .. Our Heritage” produced in 2019 which highlighted the condition of fisheries in the UAE and the long-term protection and recovery plan for fisheries.
Industry Leaders published a point of view narrated by Anna Domanska that Saudi Arabia says focus on renewable energy will save them $200 billion. Do you believe it?
Saudi Arabia says focus on renewable energy will save them $200 billion
Saudi Arabia, which is actively looking to expand its economy beyond its dependence on fossil fuels, believes it can save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, according to its finance minister.
The top oil exporter is modernizing its economy and create new jobs for its citizenry by venturing into new modern industries beyond oil. Hit by the volatile oil prices and the economic downturn due to the pandemic, the desert kingdom has ventured into a multi-trillion-dollar spending push led by state oil company Aramco and the powerful $400 billion sovereign fund, Public Investment Fund.
“One initiative we’re about to finalize is the displacement of liquids,” said Finance Minister Mohammed al-Jadaan. “This program would represent savings for the government of about 800 billion riyals ($213.34 billion) over the next 10 years which can be utilized for investment.”
Earlier this month, the government signed seven new solar power purchase agreements to optimize the energy mix used for electricity production. “Instead of buying fuel from the international markets at $60 and then selling it at $6 for Saudi utilities, or using some of our quota in OPEC to sell at $6, we’re going to actually displace at least 1 million barrels a day of oil equivalent in the next 10 years and replace it with gas and renewables,” said Jadaan.
“Between now and 2025, and possibly until 2030, fiscal sustainability is a priority for us. We believe that until we achieve all the targets that Vision 2030 has set, we need to maintain fiscal sustainability and control government expenditure,” said Jadaan.
The whole shift in outlook in Saudi Arabia is led by Crown Prince Mohammed bin Salman’s Vision 2030, envisaged as a mega plan to wean the economy off oil and invest in other industries such as infrastructure and technology, all with private participation and create jobs for the people.
The Kingdom is facing unprecedented unemployment, with figures running up to 15 percent last year. It has been pushed down to 12.3 percent this year. The aim is to bring it down to 7 percent by 2030. ”We are maintaining our unemployment target for 2030 but because we are not out of the woods yet it is very difficult to say what the unemployment rate is going to be for 2021,” said Jadaan.
“Our aim is to reduce the number so we will end up the year below where we ended up in 2019, pre-COVID, but I can’t tell you this is going to happen for certain.”
The Vision 2030 launch has seen renewed interest in the country from foreign investors. Foreign investment in Saudi Arabia passed the SR2 trillion ($0.53 trillion) mark for the first time at the end of 2020, despite the financial impact of the COVID-19 pandemic.
The total value of investments from overseas rose 9 percent year-on-year, or SR173.3 billion, in 2020, from SR1.833 trillion at the end of 2019, according to the Saudi Central Bank (SAMA).
According to an analyst, the increase in capital flowing into the country was due to an improvement in the investment environment and some relaxation in investment laws in the Kingdom.
Anna Domanska is an Industry Leaders Magazine author possessing a wide range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.
Ian Simm, Founder & Chief Executive at Impax Asset Management, writes about achieving a Corporate net-zero possibly through a more sophisticated approach required of all, big or small corporations of all countries. So here it is.
Corporate net zero: we need a more sophisticated approach
The private sector holds the key to decarbonising the economy over the next quarter century. As countries set “net zero” or equivalent targets backed by carefully designed roadmaps for sectors such as energy, transportation and food, there’s a widespread assumption that “national net zero” should mean “net zero for all”, including “corporate net zero” (CNZ) for today’s businesses. Although there are some benefits to unpacking national net-zero targets in this way, there are also several important drawbacks. A more sophisticated approach is urgently required.
Ahead of the COP26 conference in Glasgow later this year, governments are likely to set or raise national targets for decarbonising their economies. In much of the world, the private sector will mobilise to serve rapidly expanding markets, for example for electric vehicles or plant-based food. Experience suggests that we’re about to witness a huge amount of creative destruction as entirely new industries are born, nascent sectors flourish and demand for products and services we once considered permanent fades, threatening or even destroying what have been large companies – a fate similar to landline-based telephony or, potentially, to cash-based transactions.
As the opportunities and risks linked to climate change become mainstream for many companies and their stakeholders, corporate net-zero targets have several attractions. Faced with a simple message that they should develop, analyse and act on specific climate change opportunities and risks, management teams will not only identify ways to improve the company’s risk-adjusted returns but may also produce or facilitate breakthroughs for their customers or suppliers, for example by placing bulk orders for low-carbon products.
Similarly, multiple CNZ commitments across a sector may enable discussions around possible collective action, for example the establishment of clusters to generate and consume “green” hydrogen. Early action by companies can encourage governments to develop further their policies to mitigate climate change, while corporate pledges may unlock capital to catalyse new climate-friendly activities, for example in nature-based solutions.
The drawbacks of a blanket adoption of corporate net zero
And yet there are several crucial drawbacks to the blanket adoption of corporate net-zero targets.
First, and most obvious, is the definition and interpretation of net zero. Apart from the ambiguity around each entity’s pathway to net zero (i.e. “how much, by when?”), the role for offsets is contentious – for example, should a cement manufacturer be able to account for the carbon benefits of its investments in peatland restoration, or if we allow this, does that create a moral hazard (to pollute)? And how should low-carbon technologies be treated: for example, when a new wind farm is built, does it really make sense that the entity purchasing the electricity gets the carbon benefit while the investor (or wind farm owner) receives no such boost to their own carbon accounting?
Second is capital inefficiency. To ensure there’s sufficient “creative destruction” as we reset our economy, we need to avoid hampering the essential sunsetting of certain activities in favour of new ones. The law of diminishing returns predicts that, as companies implement efficiency measures and cost-competitive technologies to reduce their emissions, they will need to consume more and more capital to save the next tonne of carbon, for example, steel manufacturers seeking to switch to direct hydrogen reduction. At the same time, companies producing alternative products, for example construction materials based on wood, may offer much higher financial returns on an equivalent amount of capital with much lower risk. Faced with a choice, investors are likely to prefer the latter.
Third, skills. To pivot successfully to entirely new activities, today’s companies need to harness alternative expertise. For example, can today’s oil majors with their competence in seismology and the handling of liquids, realistically develop a competitive advantage in the development of power projects and in electricity trading to outcompete today’s power generators?
Fourth, value chain effects. Notwithstanding the challenges of measuring so-called “Scope 3” emissions, a company that pursues a net-zero position without concern for its customers or even its suppliers may unwittingly hold back climate change mitigation across the “system” (i.e., the wider economy). For example, if the renewable energy supply required to enable a manufacturer of insulation material to become net zero costs significantly more than the fossil fuel supply it used previously, the price of its product will rise, thereby reducing its potential to assist customers with their energy savings.
Fifth, the “someone else’s problem” effect. It’s too easy for today’s management team to commit a company to long-term targets that they personally won’t be around to deliver on.
And lastly, confusing signals. As decarbonisation progresses, management teams may be faced with a conflict between achieving financial objectives and delivering on the company’s net-zero pledge. This may not matter at the outset, but once the “early wins” in emissions reduction have been secured, difficult conversations about the trade-off between financial and environmental outcomes are, in my view, inevitable.
Climate change resilience first
So, what’s to be done? A sound starting point is to use “corporate net zero” as an agenda item for a deeper discussion on climate change between companies and their investors. But rather than starting that conversation by simply insisting on the adoption of net-zero targets, investors should seek to assess whether the company is already or aiming to become “climate change resilient” using the framework recommended by the Taskforce on Climate-Related Financial Disclosure (“TCFD”) which covers both emissions reductions and physical climate risks.
This should cover the four areas outlined by TCFD:
First, governance: what changes has the company considered and made to ensure that climate change issues are managed comprehensively over a long timeframe?
Second, strategy: how has the company’s business strategy evolved in response, what alternatives has management considered and what will be the impact on the company’s expected return on invested capital?
Third, risk and opportunity: has the company mapped out the key changes in these areas arising from climate change and implemented programmes to monitor them over a long timeframe?
And fourth, metrics, targets and reporting: is the company’s planned reporting in this area likely to provide decision-useful information to shareholders and other stakeholders?
These conversations should lead to a comprehensive, rational plan for each company to manage climate change issues over time, tailored to its individual circumstances. For some, the optimal result will be to adopt a (simple to communicate) corporate net-zero target described in a way that avoids the drawbacks discussed earlier. For others (and in particular, in hard-to-abate sectors), a more appropriate response would be (a) a business plan focused on the efficient use of capital in the context of a wider set of risks, (b) imaginative and proactive collaboration with peers and government to shape new markets, and (c) clear communication with all stakeholders.
We need to be careful that “corporate net zero” does not turn into “one-size-fits-all”. The failure to take a thoughtful and sophisticated approach to these issues is likely to result in management confusion, muddled or misleading external communication and perhaps most significantly, the misallocation of capital. Now is the time to get our proverbial ducks in a row!Report this
The current enthusiasm for “corporate net zero” is understandable, but there are significant drawbacks that are set to lead to confusion and unintended consequences. My take on why, in the face of climate change, companies should follow TCFD guidance and reporting, prioritising sound strategy and resilience.
Architectural Digest‘s TRAVEL published just in time for Earth Day: 7 New Sustainable (and Stylish) Hotels would not typically create interest. However, in these extraordinary days of planet earth being heavily affected by human interference coupled with a semi-cloud of worldwide pandemic infection, the following are most welcome. They would find customers and many.
There’s a stigma that anything “eco” or “sustainable” must be low-budget, when in fact it’s just the opposite. Prior to the pandemic, the travel industry was one of the few that had been moving toward a more sustainable future. Hotel developers began looking at the extra costs of creating a sustainable luxury property as an investment, going beyond simple initiatives like prohibiting single-use plastic. Instead, they’ve focused on ways they could implement sustainability from inception. The past year of shutdowns and travel bans revealed the impact that the travel industry has on the environment, with carbon emissions dropping 7% globally in 2020. According to recent data from Booking.com, 70% of consumers are likely to book an accommodation that they know is implementing sustainable practices. And with the alchemy of sustainable hotels in the luxury space, travelers are quickly realizing that you don’t need to sacrifice luxury for sustainability. In many ways, sustainable hotels go hand in hand with high design. From hotels that are powered entirely by solar energy, to others that are built using vernacular architecture, luxury design hotels are paving the way to a more sustainable future in hospitality from the ground up, without skimping on all the comforts a luxury experience typically provides.
Situated on a secluded beach on a saltwater lagoon in Southern Mozambique and run by Sarah Birkett, Sussurro features various beachfront bungalows with indoor and outdoor bathing areas, as well as a library and gallery space, a lap pool, a yoga deck, and a bar and restaurant. Every aspect of the architecture, design, and experience has sustainability on the forefront. “Solar-generated power wasn’t an afterthought, like so many African safari lodges and hotels,” says Birkett. “More than 90% of the residence was built utilizing renewable energy. We began with the sustainable systems at inception.” Vernacular architecture is another way in which Sussurro is fundamentally sustainable. Using only natural and endemic materials native to their ecosystem is a means to preserve heritage craft skills as well. In this spirit, 100% of the materials are sourced and made in Africa. Sussurro’s commitment to protecting the environment is further emphasized through its efforts in their regenerative mangrove reforestation plan, where they plant carbon-rich mangrove seeds in their nursery in order to re-afforest an old salt pan that has been heavily eroded with native mangroves.
The new Casa di Langa in Italy’s Piedmont region is setting a new standard for luxury through sustainability. Situated across 100 acres of working vineyard and rolling hills, the 39-room property features a bar, a restaurant, and a spa, all combining traditional Piedmontese design with sustainable practices. Milan-based design firms GaS Studio and Parisotto + Formenton Architetti, who teamed up on the project, sought to create a property that was luxurious for both the guests and the environment. The team carefully incorporated a sustainable approach to both architecture and design. “Casa di Langa is committed to operating on 100% sustainable energy. That is why we designed the hotel with geothermal heating and cooling, installed solar panels on-site, and pay extra for utility electricity that’s certified renewable,” says Kyle Krause, chairman and CEO of the Krause Group.
Set on Mexico’s Lake Bacalar, Habitas Bacalar is slated to open this July as an eco-sustainable oasis comprising 35 cabanas with lagoon-facing views, a restaurant with an open-air kitchen, and a Mayan spa. Staying true to the brand’s innovative modular build and in an effort to minimize their environmental impact and carbon footprint, the rooms were designed by their local in-house team, which were then delivered and assembled on-site using only sustainable materials. “Biodiversity is another key pillar for the property with architecture that blends with the jungle and Bacalar lagoon,” says cofounder and CEO Oliver Ripley. As the first hospitality group to build on Lake Bakalar, there’s an added responsibility to protect it, so Habitas Bacalar will partner with a local organization to join forces for an environmental and water quality citizen science project that provides sound information for the management and conservation of the lagoon and its unique biodiversity.ADVERTISEMENThttps://3b3e19fefff3a6b64b9cbbe9421a9232.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
While over the past few years AlUla, Saudi Arabia’s isolated and expansive desert region, has been a backdrop for art and music events, Habitas will be the first luxury hotel group to open with an 100-room property, featuring a yoga deck, wellness center, restaurant, and pool. Core to Habitas’s mission is sustainable hospitality. Much like its other properties, Habitas AlUla will be built using a modular construction plan, with organic materials only, and much of the power will be supplied by solar panels. Guests will also contribute to offsetting carbon emissions by using electrical buggies and bicycles that will be provided by Habitas to transport guests around the vast resort grounds.
Easily accessible from São Paulo or Rio de Janeiro, Six Senses Botanique is located in the heart of the lush Mantiqueira Mountains. The property consists of seven suites in the main building and 13 villas scattered throughout the property, all of which are constructed modularly and using only local materials, such as jacaranda wood, natural stone, and chocolate slate. The hotel also features a farm-to-table restaurant and bar, a spa, and an experience center. Additionally, there are seven natural springs on the property providing guests with their own mineral water (avoiding single-use plastics such as bottles) and a treatment station to return clean water back to nature.ADVERTISEMENT
Located in Nago City, in the north of Okinawa island, the Treeful Treehouse Sustainable Resort is the ultimate luxury glamping destination. The property, which is operated exclusively by solar power, consists of four design-forward tree houses along the Genka River. The tree houses feature floor-to-ceiling windows and hammock swings on the outdoor decks for a fully immersive experience, and are made from wood that is 50% carbon. The resort also features the Aerohouse, a communal treehouse consisting of a kitchen, bathrooms, and relaxation rooms, as well as a roof that will be covered with solar panels. The father-daughter team behind Treeful Treehouse have also been focusing on ways to help the local community, like rebuilding a watermill at the Shizogumui waterfall that had been destroyed over a century ago.
From Capella Hotel Group, Patina Maldives, in the Fari Islands, designed by renowned Brazilian architect Marcio Kogan of Studio MK27, will open with 90 beach and water villas and 20 studios, built using natural and renewable materials. Along with the property being powered by solar energy, used water is preserved, filtered, and recycled as irrigation. As coral reefs play a big role in the local community and ecosystem, the Patina Maldives team is also investing in its younger travelers by offering free diving lessons to kids in order to encourage next-generation respect for the environment.
Shalini Chandrashekar, principal designer and co-founder of Taliersyn – Design & Architecture, writes that the case for sustainability is of paramount importance and relevance in the present day and future.
Architects are increasingly faced with the dilemma of building something that answers the immediate fanciful demands of their clients or orchestrate responsible end-user behaviour for generations at the inhabitant’s end.
The case for sustainability
The proposition of taking contemplative pauses that yield intimacy and delight often seems unattainable in modern-day living. Resisting the temptation to get caught up in the frantic rush of everyday life doesn’t come naturally to any of us these days. But acknowledging the psychological distress that fast-paced lifestyles are posing on our physical and mental well-being has become crucial.
Back in the day, when people weren’t so blinded by the allure of modernity and took time to unwind themselves in the lap of nature and the arms of their loved ones, daily routines did not turn exhaustive as quickly as they do now. With the electronic skein rapidly winding around us, there is a pressing need to identify the importance of hosting built environments that iterate a harmonious lifestyle.
Throughout humanity’s life history, evolution has been central to its synergy with nature. We, as human beings, are inextricably bound to the well-being of our environment. We thrive when our natural surrounding thrives. Since its prevalence, architecture has helped humans to devise this affiliation with its context through tangible curations.
But amid the prevalent technocratic paradigm, where we have resourcefully restructured all aspects of earthly life; it becomes an architect’s social responsibility to identify with the urge to express affinity towards nature where an environmental disaster seems to be pending.
Seeking the well-being of current and future generations within the limits of the natural world, architects are now trying to strike a balance between how short-term interests at the individual and organisational levels are at odds with the global systems and communities in the longer run.
Today’s conscious design behaviour at the architect’s end can orchestrate responsible end-user behaviour for generations at the inhabitant’s end. Whereas end-use behaviour can determine what happens in a situation, design behaviour often determines the case itself. While the end-user is an office worker deciding whether to put on a sweater or turn up the air conditioning device, the architect decides whether to heat that office with renewable solar energy or with mechanical systems powered by fossil fuels.
An architectural design that does not contemplate its local and global repercussions and fails to adapt to the ever-evolving future dynamics becomes infeasible for subsequent generations. Individual comfort can only be endured if achieved collectively with a sustainable consciousness on a larger scale.
Design practices worldwide, have started feeling accountable for devising socially equitable development that is respectful of nature now more than ever and, have started resorting to new approaches towards more sustainable energy usage in buildings. While technological advances pose some challenges in creating contextually sound built forms, its progressive attributes in terms of modern innovations ease the desperation to rely on natural resources. Contemporary practices like opting for solar panels, incorporating automation systems, or imbibing something as fundamentally classic as rainwater harvesting can contribute a fair share in taking care of our atmosphere.
But the pursuit of sustainability doesn’t come easy. It is a layered and interdependent network of judgments and decisions shaped by specific socioeconomic contexts and must consider both existing and preferred states of complex Anthropocene situations. Along with which architects also face challenges while narrating their environmental concerns to the clients who, on most days, are inspired by the fanciful ideas and foreign concepts for their dream abodes that might not sanction a contextually inclusive design intervention. Working on tight schedules and a decline in skilled labour furthers this dilemma on the creator’s side when, as a designer, all he aspires for are meaningful and appropriate design solutions.
We, as architects, hustle with the situational impositions and invest all our will in crafting architectural volumes that strike equilibrium amid the user, nature and the context. We identify with the moral sense of safeguarding the environment and composing poetic architectural vocabulary derived from human behaviours in response to its habitat.
Spaces rooted in the landscape and inspired by the local vernacular have been apparent in introducing a healthy living experience and motivating productivity in the work-life. Tethered to user experience and sustainability, these spatial identities offer a deeper resonance with harmonious life patterns by inducing a contextually inclusive built environment.
Conclusively, in today’s time when chronic modifications to the environment have registered a direct impact on our quality of life and health, holistically curated sustainable built forms willingly induce a sense of calmness among its inhibitors by offering them a contemplative pause they rightfully deserve amid their fast-paced lifestyles.
The United Nations (UN) celebrated on May 10th, 2021, the first edition of the International Day of the Argan Tree, an endemic tree in Morocco.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.