MESSAGE ON UAE’S ENERGY SECURITY: The UAE Minister and ADNOC Group CEO Dr. Sultan Al Jaber has given an unequivocal message on UAE’s stance on energy, all aspects of it. Sure, the emphasis on building to capacity the country’s renewable and clean energy capacities will continue. The emphasis on climate change will be there, as defined clearly in the net carbon targets of 2050. But even with the renewed focus on alt-energy, the UAE’s focus will not shift on more hydrocarbon investments, because in the now and near-term, that’s the only way to deliver on global energy security. Anything else is fraught with high risks. And, as Dr. Jaber says it, make today’s volatility look like ‘mild tremors’. (By Manoj Nair, Business Editor)
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