“There is no time to reinvent the wheel.”
This is according to Francesco La Camera, director general of the International Renewable Energy Agency, based in Abu Dhabi.
Proven technology for net-zero energy production already largely exists today but it will take political will and nation-led action to reverse climate change, he told The National.
Mr La Camera took up his post in 2019 and is a little over halfway through his four-year term. He joined Irena at a decisive time for climate change and the achievement of the Paris Agreement. He is tasked by the agency to “redefine the structure and operations” to keep its 180 member countries actively engaged in the fight.
The inter-governmental body, now 12 years old, promotes renewable energy and technology and helps countries plan and carry out energy transitions.
When we look at implementation, we notice it is very far from what is written down on paper
Franceso La Camera,
director general of Irena
“At the end of this decade, the world will know if the Paris Agreement will be reached or not,” said Mr La Camera. Political will around the climate change agenda “is much better” than when he took up his post two years ago, he said.
Global renewable energy capacity rose by 10.3 per cent to 2,799 gigawatts in 2020, according to Irena. China and the US, the world’s two biggest economies, were the best-performing countries in terms of renewable energy growth.
Globally, more than 260 gigawatts of wind capacity were added, a 50 per cent increase compared with 2019. Solar energy made up more than 48 per cent of last year’s renewable capacity additions, accounting for 127 gigawatts.
“The reality is overcoming my expectations,” Mr La Camera said of the renewable energy capacity added in 2020.
Over time, countries are also increasing ownership of their climate agendas.
A key piece of the Paris Agreement are the "nationally determined contributions", or NDCs. These are plans that outline climate actions and policies that each nation aims to enforce in response to climate change.
Central to the UN's plan for the NDCs was the concept of national determination. But “a failure of the NDC was the big role of the consultants”, as well as the lack of real buy-in from governments, said Mr La Camera.
“When we look at implementation, we notice it is very far from what is written down on paper,” he said.
To that end, Irena is increasing its efforts to tailor recommendations and projects for regions and nations. In addition to its work with net-zero scenario planning, “there is support for national planning. Doing it in a way that we don’t do consultancy, we work together. It is really important that the planning is owned”.
As an agency that works among governments and the private sector, not as a political organisation, he said the rigour and objectivity of Irena's analysis is what sets it apart from a crowded field of players aiming to set the agenda.
The “future of the agency”, Mr La Camera said, is on an online platform Irena unveiled in 2019 to connect renewable energy project owners, potential financiers or investors, services providers and technology suppliers.
Mr La Camera said the marketplace has fielded more than 200 ideas for projects since its start.
He likened it to zooming in a camera – from the global analysis done by the agency's number crunchers, primarily based in Bonn, Germany, down to the planning and financing of a renewable energy project on the ground and monitoring its output once operational.
He pointed to the recent inauguration of one of the largest solar projects in West Africa and the first renewable energy complex in Togo, which became fully operational earlier this month.
The 50-megawatt Sheikh Mohamed Bin Zayed solar power plant, financed under the Irena-ADFD Project Facility, has the capacity to provide electricity to about 160,000 homes and small businesses, significantly reducing the country’s dependence on firewood, charcoal and fuel imports for energy consumption.
“This project is showing that in Africa this [energy transition] is possible,” said Mr La Camera.
Abu Dhabi financed the project and is a climate leader in the region, placing itself “in the middle” of the climate conversation, he said.
Over the past six years, the UAE has led the way in driving down the price of solar energy through some of the most competitive bids on utility-scale projects. Mr La Camera said he believes the region can help lead again in lowering the cost of hydrogen as well.
Record low tariffs for solar power projects among oil-exporting states of the Middle East could allow for the development of low-cost green hydrogen, which refers to the clean fuel produced entirely from renewable sources.
“Renewables are the cheapest source of power,” he said.
Declining costs for renewables are a challenge to coal's dominance as a cheap source of fuel, particularly in developing economies.
Irena is also engaging with the world's biggest economies. India, Indonesia, the US and China are of particular interest because they are “countries that are more like continents".
This month, Irena and China announced that they will prepare a comprehensive energy transition road map to help China achieve its medium- and long-term national renewable and decarbonisation goals.
China, currently the world's biggest emitter of greenhouse gases and biggest oil importer, pledged to hit its carbon dioxide emissions peak by 2030 and has vowed to become carbon-neutral before 2060.
Mr La Camera said the agency is “quite confident” in China's ability to hit its goals.
Globally, Irena forecasts that the transition to net-zero carbon emissions will be dominated by renewable power from wind and solar, green hydrogen and bioenergy.
A combination of different technology is needed to keep the planet on a 1.5°C climate pathway – nothing entirely new is needed, but incremental improvements to efficiency and the will of markets and governments can go a long way in this “decade of action".
Mr La Camera is also a firm believer that the market will not turn back. Investors and the private sector are anticipating the energy transition and are actively looking for investment, allocating capital away from fossil fuels and towards energy transition technology and sources such as renewables.
An analysis of the S&P Clean Energy Index in 2020 by Irena found that clean energy stocks were up by 138 per cent, as compared to the fossil fuel-heavy S&P Energy Index which was down by 37 per cent.
“Will climate change?" Mr La Camera asks. The question is not rhetorical but instead rests on the political will to embrace the "unstoppable" transition to renewable energy, he said.
Another questions lingers: “Will we be in time to win the fight?”
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
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
Napoleon
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Tightening the screw on rogue recruiters
The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.
Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.
A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.
The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.
The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.
Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.
Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment
But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.
Profile of Whizkey
Date founded: 04 November 2017
Founders: Abdulaziz AlBlooshi and Harsh Hirani
Based: Dubai, UAE
Number of employees: 10
Sector: AI, software
Cashflow: Dh2.5 Million
Funding stage: Series A
Dubai World Cup factbox
Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)
Most wins by a jockey: Jerry Bailey(4)
Most wins by an owner: Godolphin(9)
Most wins by a horse: Godolphin’s Thunder Snow(2)
TOUCH RULES
Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.
Teams can make as many substitutions as they want during the 40 minute matches.
Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.
A touch is any contact between the player with the ball and a defender, and must be with minimum force.
After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.
At the roll-ball, the defenders have to retreat a minimum of five metres.
A touchdown is scored when an attacking player places the ball on or over the score-line.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Britain's travel restrictions
- A negative test 2 days before flying
- Complete passenger locator form
- Book a post-arrival PCR test
- Double-vaccinated must self-isolate
- 11 countries on red list quarantine
At Everton Appearances: 77; Goals: 17
At Manchester United Appearances: 559; Goals: 253
UAE currency: the story behind the money in your pockets
Read more from Aya Iskandarani
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
More from Neighbourhood Watch:
Plan to boost public schools
A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.
It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.
Aspects of the school model will be extended to international private schools, the education minister has previously suggested.
Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
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if you go
The flights
Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com
Seeing the games
Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com
Staying there
Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com
The view from The National
Januzaj's club record
Manchester United 50 appearances, 5 goals
Borussia Dortmund (loan) 6 appearances, 0 goals
Sunderland (loan) 25 appearances, 0 goals
UAE currency: the story behind the money in your pockets
