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GRAHAM STUART, BRITISH MINISTER FOR EXPORTS: ‘The UK will encourage our global partners to embrace and adopt new technologies in five critical areas that will be pivotal in the quest for clean growth – clean energy, green transport, nature-based technological solutions, climate adaptation and resilience, and green finance.’
The stake holders in the energy sector are pondering ways to adopt sustainable and environmental way to meet the consumer demands. The global oil and gas industry has an “historic opportunity” to lay the foundations for a more sustainable future, the Abu Dhabi International Petroleum and Conference (ADIPEC 2020 Virtual), the world’s largest online gathering of oil and gas industry players, has heard.
In his address at ADIPEC’s Strategic Virtual Conference, the UK Minister for Exports, Graham Stuart, made the comment as he warned “the price of inaction could not be greater as we face an existential battle to keep global mean temperature below 2 degrees.”
Stressing the world’s transition to clean power needs to speed up by four times its current rate, Stuart said, “We owe it to future generations to confront the cause and the impact of climate change — and the adoption of clean energy is central to achieving this goal.
“The scale of the challenge is clear; to meet the goals set out in the Paris Agreement on Climate Change, the global transition to clean power needs to progress four times faster than at present.
“The UK will encourage our global partners to embrace and adopt new technologies in five critical areas that will be pivotal in the quest for clean growth – clean energy, green transport, nature-based technological solutions, climate adaptation and resilience, and green finance.”
Stuart added that “with more than $15 trillion-worth of investment expected to be made in new power capacity globally by 2050, around $11 trillion of which will go into renewables, we are working to position the UK as the partner of choice for low carbon and renewable energy businesses worldwide.”
“As the world seeks to build back better in the wake of the COVID-19 pandemic, we have before us an historic opportunity for global change in the quest for sustainability,” he said.
“Clean growth presents the biggest economic opportunity of the 21st century for nations worldwide. We are committed to working with governments across the globe, including with our friends in the GCC, to share the opportunities of green, secure, affordable energy to meet the dynamic demands of a fast-changing world.”
Citing the investment of Masdar, the United Arab Emirates sustainability company, of more than ₤3 billion pounds in UK offshore wind, Stuart said Innovative British green technology businesses are perfectly placed to work with ADNOC and other partners in the GCC and across the Middle East to fulfil their clean energy ambitions.
“Innovative British green technology businesses are perfectly placed to work with ADNOC, other partners in the GCC and across the Middle East to fulfil their clean energy ambitions – from renewables expertise to world-leading capabilities in areas such as smart energy systems, sustainable construction, precision agriculture, green finance, and electric vehicle manufacturing.”
Stuart said the UK is “spending unprecedented sums in greening the British economy,” pointing to a ₤2.5 billion investment in clean growth innovation by 2021 and a record increase in public R&D investment with a commitment to reaching ₤22 billion per year by 2025.
“We know it is businesses, even more than governments, that will be the main drivers behind this great global transition,” Stuart said. “This is the moment for us all to redouble our efforts to achieve the goals set out in the Paris Agreement and act with renewed urgency to tackle the causes and the impacts of climate change upon our planet. Now is the time for us to work ever more closely together, nations and businesses alike, to help shape a greener, cleaner more prosperous future.”
ADIPEC 2020 Virtual – the online version of the world’s largest annual oil and gas exhibition and associated conferences, runs until November 12th under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and is hosted by Abu Dhabi National Oil Company, ADNOC.
Up to 10,000 industry professionals from over 100 countries have registered for the ADIPEC 2020 Virtual programme, organised by dmg events. More than 100 companies are virtually exhibiting the latest technology and services to address the pressing needs of an evolving energy landscape.
Innovation for the post COVID industry is high on the agendas of both the ADIPEC 2000 Virtual Strategic Conference and its associated Virtual Technical Conference, which are the largest industry online knowledge sharing events of their kind with over 700 speakers delivering more than 100 hours of live and on-demand content.
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During the meeting in Abu Dhabi, they discussed strategic and historic relations between the UAE and the United Kingdom and ways to enhance and develop them in various fields…Reports Asian Lite News
Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received James Cleverly, British Minister of State for Middle East and North Africa.
During the meeting in Abu Dhabi on Wednesday, they discussed strategic and historic relations between the UAE and the United Kingdom and ways to enhance and develop them in various fields.
Sheikh Abdullah and Cleverly also discussed developments related to the coronavirus, COVID-19, pandemic, as well as regional and international issues of mutual interest.
They reviewed the cooperation between the two countries to contain the pandemic and its repercussions and to address the effects at various levels. The ministers stressed support for the global efforts to develop a vaccine.
Sheikh Abdullah welcomed Cleverly’s visit and praised the historic Emirati-British relations.
He also commended the continuous cooperation between the two countries in various fields, in a way that reflects the aspirations of the leadership of the two countries and to serve the common interests of their peoples.
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Former West Indies fast bowler Michael Holding has been appointed as a new patron of Marylebone Cricket Club (MCC) Foundation.
Last month, actor, mental health advocate and cricket-lover Stephen Fry had joined the Foundation as a patron. The pair join the list which includes Claire Taylor, Mike Brearley, Mike Atherton, Mike Gatting.
“I am thrilled to support the MCC Foundation and its work to make cricket a game that champions respect and equality for all,” Holding said in a statement.
“Cricket has the power to heal divided communities, give hope in the most desperate of circumstances, and transform lives. There is much pain and prejudice in our world, but the Foundation is empowering and inspiring young people through cricket, so that they may build a brighter future,” he added.
In a professional career that spanned 15 years, Holding carved out a reputation as one of the best fast bowlers of all time. Since retirement, he has worked as a commentator on Sky Sports’ cricket coverage and, more recently, has earned praise as a powerful and eloquent advocate for racial equality both in the game and further afield.
Sarah Fane, newly appointed Director of the MCC Foundation, said: “I was deeply moved by Michael’s dignified and enlightening contribution to the debate on racism during the England -West Indies Test, and am proud to have him as our patron.”
The MCC said that Holding’s experience and expertise would “complement the Foundation’s wide-ranging mandate in the grassroots game”.
From offering coaching and playing opportunities to state educated male and female cricketers, to delivering mental health workshops, the MCC Foundation is committed to breaking down social and financial barriers to cricket.
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Negotiators from the UK and the European Union (EU) will resume talks on a post-Brexit trade deal in London on Monday as “significant differences” remained between the two sides, a Downing Street statement said.
The statement came after a call between UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on Saturday “for a stock take on the progress in the negotiations”, reports Xinhua news agency.
“The Prime Minister set out that, while some progress had been made in recent discussions, significant differences remain in a number of areas, including the so-called level playing field and fish,” said the statement.
“The Prime Minister and President agreed that their negotiating teams would continue talks in London next week, beginning on Monday, in order to redouble efforts to reach a deal.
“They agreed to remain in personal contact about the negotiations,” the statement added.
For her part, von der Leyen noted that “some progress had been made, but large differences remain”.
“Our teams will continue working hard next week,” she wrote on Twitter.
Earlier this week, the UK’s National Audit Office (NAO) warned of “significant disruption” when the Brexit transition period ends on December 31.
Regardless of the outcome of the post-Brexit negotiations for a free trade agreement between the UK and the EU, there will be a significant change at the border in 2021, the NAO said on Friday.
The government spending watchdog said in its latest report that while the UK has now left the EU, preparations to manage the border at the end of the transition period remain very challenging.
The UK and the EU started their lengthy and bumpy post-Brexit talks in March after the country formally exited the bloc on January 31, trying to secure a future trade deal before the Brexit transition period expires.
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