Artificial Intelligence will revolutionise the energy sector, slashing emissions and boosting efficiency, according to a report jointly published by Adnoc, Masdar and Microsoft on Thursday.
Around 92 per cent of executives believe AI will have a significant impact on improving energy efficiency by 2030, and 97 per cent expect AI to play a central role by 2050 in developing new energy solutions, according to the report titled Powering Possible: AI and Energy for a Sustainable Future.
The report surveyed more than 400 global leaders in sectors such as technology, energy and finance, including Jensen Huang, chief executive of Nvidia, Larry Fink, BlackRock's chief executive, and Patrick Pouyanne, chief executive of French energy giant TotalEnergies.
The study underscored AI's ability to clean up traditional energy sources, improve energy use and speed up the shift to cleaner energy.
“We are at a pivotal moment for human progress driven by three megatrends: the rise of the Global South, the accelerated energy transition and the rapid growth of AI,” said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology.
“AI is an era-defining innovation that is altering the pace of change itself – resetting the boundaries of productivity and the possibilities of progress,” said Dr Al Jaber, who is also Adnoc’s group chief executive and managing director.
The energy sector typically contributes more than 90 per cent of global carbon dioxide emissions and 75 per cent of the total greenhouse gas emissions in developed countries, according to the UN.
The jointly authored report highlighted the role AI can play in reducing methane emissions – a greenhouse gas that is 80 times more effective at trapping heat than carbon dioxide.
New AI tools can detect methane leaks much more accurately than older methods, and will be crucial in meeting the global goal of cutting methane emissions by 30 per cent by 2030, the report said.
At the Cop28 climate summit in Dubai many oil and gas companies pledged to reach net-zero emissions by 2050 or earlier. They also committed to reducing methane emissions and eliminating routine flaring by 2030.
The report also outlined a road map to tackle the increasing energy demands of AI-powered data centres, expected to almost double their share of global electricity consumption by 2026. It noted that, although AI's electricity usage remains relatively minor on a global scale, in certain regions, data centres can account for a significant portion of total power demand.
The International Energy Agency has predicted that the total electricity consumption of data centres could exceed 1,000 terawatt-hours by 2026, nearly matching the electricity usage of Japan.
“This new era calls on us to do two things at once: meet the AI moment while transitioning to a more sustainable economy,” said Brad Smith, vice chair and president of Microsoft.
“In a world that will need more electricity, not less, it's imperative that we generate more carbon-free energy to power AI, and use that very same technology to increase capacity, optimise transmission and expand energy access to communities around the world,” he added.
The Ashes
Results
First Test, Brisbane: Australia won by 10 wickets
Second Test, Adelaide: Australia won by 120 runs
Third Test, Perth: Australia won by an innings and 41 runs
Fourth Test: Melbourne: Drawn
Fifth Test: Australia won by an innings and 123 runs
Sholto Byrnes on Myanmar politics
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Heather, the Totality
Matthew Weiner,
Canongate
The five pillars of Islam
Fixtures
Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs
Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms
Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles
Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon
Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
The years Ramadan fell in May
Killing of Qassem Suleimani
Zayed Sustainability Prize
Company%20profile
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The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.5-litre%20V12%20and%20three%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C015hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C500Nm%20(estimate)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Early%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh2%20million%20(estimate)%3C%2Fp%3E%0A
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
States of Passion by Nihad Sirees,
Pushkin Press
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
UAE currency: the story behind the money in your pockets
