Ƶ

Green hydrogen as a catalyst for climate action

Green hydrogen as a catalyst for climate action

Green hydrogen as a catalyst for climate action
Chile's ex-president Michelle Bachelet visits the country's green hydrogen production plant in Santiago on Aug. 10, 2023. (AFP)
Short Url

Climate change is not a ‘future problem.’ We’re witnessing changes now and they need to be addressed more urgently than ever.

February saw a record low in global sea ice. It was also the third-warmest February on record, with average global temperatures registering more than 1.5 degrees Celsius above pre-industrial levels.

As we witness rapid warming in the Arctic, we have no choice but to call for immediate collective action to develop innovative solutions to decarbonize our economies.

In this decisive moment, the emergence of green hydrogen as a viable clean energy source presents a unique opportunity for global climate action.

Green hydrogen is generated solely from renewable energy sources, such as solar and wind, and when used as a fuel it only emits water vapor, emitting no greenhouse gases in its production or use.

According to the International Energy Agency, 60 governments have already adopted hydrogen strategies, signaling a global shift towards this technology. Ƶ aims to become a top hydrogen supplier, reflecting its commitment to the Saudi Green Initiative.

The Kingdom is currently building the largest green hydrogen plant in the world, NEOM Green Hydrogen Company, contributing to the global fight against climate change.

NGHC is emerging as a significant contributor to job creation, technological innovation, and economic diversification in Ƶ.

Wesam Alghamdi

It also reflects our goal of achieving net-zero carbon emissions, particularly in hard-to-abate applications and sectors like heavy trucks and steelmaking.

One advantage is Ƶ’s plentiful wind and sunshine to power our plant, which will produce up to 600 tons of carbon-free hydrogen daily and save the planet up to 5 million tons of carbon dioxide annually. These efforts align with the goals of the Saudi Green Initiative to reduce emissions by 278 million tons annually by 2030.

However, climate change is not just about energy transformation and visible environmental changes. In this critical moment, NGHC is emerging as a significant contributor to job creation, technological innovation, and economic diversification in Ƶ.

This aligns with the World Economic Forum’s prediction that the global transition to sustainable energy and climate-change adaptation will be “net job creators.”

We have a clear roadmap to attract top talent, foster a new generation of Saudi professionals, and open opportunities for women and young people in this advanced industry, as part of our goal of creating highly skilled jobs with a legacy.

Climate change is an undeniable reality and tackling this issue cannot be constrained by borders or generations. We must address it together. Global partnerships in research, development, and policymaking to accelerate green hydrogen adoption are therefore more important than ever.

Despite the scale of these challenges, I am confident that by working together to achieve mutually beneficial climate goals, green hydrogen can serve as the catalyst that guides the world into a sustainable future, and NGHC will serve as a blueprint for others to follow.

Wesam Alghamdi is CEO of the NEOM Green Hydrogen Company.

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Nintendo says sold record 3.5m Switch 2 consoles in first four days

Nintendo says sold record 3.5m Switch 2 consoles in first four days
Updated 10 min 19 sec ago

Nintendo says sold record 3.5m Switch 2 consoles in first four days

Nintendo says sold record 3.5m Switch 2 consoles in first four days
  • The Switch 2 costs $449.99 in the United States, compared to a launch price of $299.99 for the original Switch

TOKYO: Nintendo said Wednesday it had sold a record 3.5 million Switch 2 units worldwide in the first four days after the console was launched.
“This is the highest global sales level for any Nintendo hardware within the first four days,” the Japanese video game giant said in a statement.
Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to Nintendo’s blockbuster Switch console.
It was released last Thursday to a global swell of fan excitement that included sold-out pre-orders and midnight store openings.
Since its 2017 launch, the original Switch — which enjoyed a popularity boost during the pandemic with hit games such as “Animal Crossing” — has sold 152 million units.
That makes it the third best-selling console of all time.
Analysts predicted last week that Nintendo could score record early sales with the Switch 2 — but it remains to be seen if it can match the performance of its predecessor.
Challenges for Nintendo include uncertainty over US trade tariffs and whether it can convince enough people to pay the high price for its new device.
The Switch 2 costs $449.99 in the United States, compared to a launch price of $299.99 for the original Switch.
Both are hybrid consoles which can connect to a TV or be played on the go.
New games such as “Donkey Kong Bananza” and “Mario Kart World” — which allow players to go exploring off-grid — are also more expensive than existing Switch titles.
Nintendo forecasts it will sell 15 million Switch 2 consoles in the current financial year, roughly equal to the original in the same period after its release.
The Switch 2 “is priced relatively high” compared to its predecessor, so it “will not be easy” to keep initial momentum going, the company’s president Shuntaro Furukawa said at a financial results briefing in May.
The Switch 2 has eight times the memory of the first Switch, and its controllers, which attach with magnets, can also be used like a desktop computer mouse.
New functions allowing users to chat as they play online and temporarily share games with friends could also be a big draw for young audiences used to watching game streamers.
Success is crucial for Nintendo: while the “Super Mario” maker is diversifying into theme parks and hit movies, around 90 percent of its revenue still comes from the Switch business, analysts say.


Newly appointed Saudi ambassador to Mexico presents his credentials

Newly appointed Saudi ambassador to Mexico presents his credentials
Updated 20 min 4 sec ago

Newly appointed Saudi ambassador to Mexico presents his credentials

Newly appointed Saudi ambassador to Mexico presents his credentials

RIYADH: Ƶ’s newly appointed ambassador to Mexico has presented his credentials to the North American state’s foreign ministry, the Saudi Press Agency reported.
Fahad bin Ali Al-Manawer handed over a copy of his credentials to Ambassador Jonathan Chait Auerbach, the director general of protocol at the ministry, at a reception held on Tuesday. 
The diplomats also reviewed relations between their nations at the meeting.
Al-Manawer took his oath of office in from to the Saudi Crown Prince Mohammed bin Salman in March, in a ceremony attended by the Saudi Foreign Minister Prince Faisal bin Farhan.


Pakistan hikes defense budget 20 percent following conflict with India, but overall spending is cut

Pakistan hikes defense budget 20 percent following conflict with India, but overall spending is cut
Updated 7 min 57 sec ago

Pakistan hikes defense budget 20 percent following conflict with India, but overall spending is cut

Pakistan hikes defense budget 20 percent following conflict with India, but overall spending is cut

ISLAMABAD: Pakistan has hiked defense spending by 20 percent following last month’s deadly conflict with India.
The government of Prime Minister Shehbaz Sharif announced the increase as part of the budget for the fiscal year 2025-26, in which overall spending will be cut by 7 percent to 17.57 trillion rupees ($62 billion).

Finance Minister Muhammad Aurangzeb presented the budget to parliament on Tuesday evening, allocating 14 percent to the military.

It comes after Pakistan’s government announced Friday on social media that it was in discussions to acquire 40 new Chinese fighter jets and new air defense systems.

Pakistan and India were pushed to the brink of war earlier this year after a gun massacre of tourists in Indian-controlled Kashmir, marking the biggest breakdown in relations between them since 2019.

More than 70 people were killed in the four-day conflict between the nuclear-armed neighbors in May before a ceasefire was announced.
 

Aurangzeb said the government was allocating 2.55 trillion rupees ($9 billion) for defense compared with 2.12 trillion rupees in the previous budget.
India in February increased its defense spending by 9.5 percent.
Sharif told the Cabinet: “All economic indicators are satisfactory. After defeating India in a conventional war, now we have to go beyond it in the economic field as well.”
Opposition members of the National Assembly verbally abused Aurangzeb, chanting slogans, throwing scrunched-up copies of the budget at him, whistling, and banging their desks as he gave his address.
The coming year’s defense allocation is considerably more than the government’s expenditure on higher education, agricultural development, and mitigating climate-related risks, to which Pakistan is especially prone.

Brink of default

Pakistan came to the brink of default in 2023, as a political crisis compounded an economic downturn and drove the nation’s debt burden to terminal levels, before it was saved by a $7 billion bailout from the International Monetary Fund.
It has since then enjoyed a degree of recovery, with inflation easing and foreign exchange reserves increasing.
“We have moved in the right direction,” Aurangzeb said at a briefing ahead of the budget announcement in parliament.
“Any transformation takes two to three years and we have done a good job in terms of where we wanted to take things.”
The budget will be voted on by parliament later this month, but the government’s safe majority means only minor changes are expected.
An economic survey released on Monday for the outgoing fiscal year which ends on June 30, showed that the country missed almost all the targets set at the beginning of the year, with GDP expected to grow by 2.7 percent — falling short of the initial 3.6 percent target set in the last budget.
The government has set an ambitious target of 4.2 percent GDP growth for the next fiscal year.
The budget set aside 8 trillion rupees ($28.4 billion) to service its huge amount of debt.
A World Bank report said last week that nearly 45 percent of Pakistan’s 240 million population is living below the poverty line, while the country’s literacy rate stands at 61 percent.
It is the government’s second budget since coming to power last year, in an election which saw the wildly popular leader Imran Khan jailed for charges he says were politically motivated.
 

 

 


Man City sign France playmaker Cherki to usher in start of post-De Bruyne era

Man City sign France playmaker Cherki to usher in start of post-De Bruyne era
Updated 54 min 2 sec ago

Man City sign France playmaker Cherki to usher in start of post-De Bruyne era

Man City sign France playmaker Cherki to usher in start of post-De Bruyne era
  • Cherki is set to fill the role vacated by De Bruyne, the team’s long-time star who has been released after 10 years’ service
  • The transfer of Cherki comes a day after Algeria left back Rayan Ait-Nouri joined City from Wolverhampton for $42 million

Manchester City kickstarted the post-Kevin De Bruyne era by signing maverick France playmaker Rayan Cherki from Lyon for €36 million ($41 million) on Tuesday, in time to play in the Club World Cup.

The 21-year-old Cherki, regarded as one of the most exciting young talents in French soccer, scored a brilliant volley and starred as a substitute on his international debut for France against Spain in the Nations League semifinals last week.

A product of Lyon’s renowned academy like Karim Benzema, Cherki has been on the radar of Europe’s biggest clubs for a while. He came close to signing for Paris Saint-Germain in the last offseason but the move fell through.

Now he is headed for Pep Guardiola’s City and is set to fill the role vacated by De Bruyne, the team’s long-time star who has been released after 10 years’ service.

“He’s a player our scouts have watched for a long time, and we have all been impressed with his skill and creativity. I am convinced our fans will be excited to see him play,” City director of football Hugo Viana said.

“There’s no doubt that he’s now in the best place possible to develop further under Pep’s guidance and I really believe he can become a world-class player with our support and direction.”

With Netherlands midfielder Tijjani Reijnders also reported by British media to be joining City, the club appears to be re-energizing a midfield that was filled last season with players in their 30s like Ilkay Gundogan, Mateo Kovacic and Bernardo Silva.

Kovacic has undergone Achilles surgery and is unavailable for the new-look, 32-team Club World Cup, which starts on Saturday. City in the same group as Juventus, Al Ain and Wydad Casablanca and its first match is on June 18.

Cherki’s background

Cherki, the youngest-ever goal scorer for Lyon in a competitive match, quickly impressed in youth competitions. He made his Ligue 1 debut at just 16 years old in October 2019 and scored his first senior goal a few weeks later in a French Cup match.

The attacking midfielder scored eight goals and provided 11 assists — the most in Ligue 1 — this season and can play either on the wing or as a playmaker.

Cherki said he’s ready “embrace” the responsibility of helping City win more trophies.

“I would only leave Lyon for a project I really believe in,” said Cherki, who has signed a five-year deal, “and everything at City suggests I can develop my game and help the team be successful in the future.”

According to L’Equipe newspaper, Lyon will retain 15 percent of the rights to any capital gain from a future transfer and can expect a further 2 million euros ($2.3 million) in bonuses between now and 2030.

The transfer of Cherki comes a day after Algeria left back Rayan Ait-Nouri joined City from Wolverhampton for $42 million.

Bettinelli signs as backup

Also Tuesday, City signed Marcus Bettinelli from Chelsea as a backup goalkeeper.

City made the move after announcing the departure of long-term No. 3 goalie Scott Carson on Monday with his contract due to expire.

Bettinelli has joined on a one-year deal and in time to be involved in the Club World Cup in the US starting on Saturday.

“His experience and mentality will hopefully complement our other senior goalkeepers while ensuring he’s always ready to perform when called upon himself,” Viana said.


England beat West Indies by 37 runs to secure T20 series sweep

England beat West Indies by 37 runs to secure T20 series sweep
Updated 58 min 25 sec ago

England beat West Indies by 37 runs to secure T20 series sweep

England beat West Indies by 37 runs to secure T20 series sweep
  • The match aggregate of 459 runs is the highest in a T20 international in England, as the home side added win to their sweep of the three-game One-Day International series
  • Duckett raced to his highest T20 international score but was bowled around his legs by Akeal Hosein

SOUTHAMPTON, Britain: Ben Duckett blasted a whirlwind 84 from 46 balls as England posted their second highest T20 International score of 248 for three before restricting West Indies to 211 for eight to win by 37 runs and sweep the three-game series on Tuesday.

West Indies elected to bowl but could not find consistency in line and length on a flat batting wicket and were carted around the Rose Bowl as England smashed 15 sixes in the innings on the way to their imposing score.

Opener Jamie Smith contributed 60 from 26 balls for his first T20 international half-century as England reached 135-1 at the midway point of their innings, their highest 10-over score.

West Indies were always struggling in their chase as they lost wickets at regular intervals but their total was boosted by a fine unbeaten 79 from 45 balls by Rovman Powell before they ran out of deliveries.

The match aggregate of 459 runs is the highest in a T20 international in England, as the home side added win to their sweep of the three-game One-Day International series, a perfect start for new white ball captain Harry Brook.

“Very pleased, the lads put a really good shift in and played some exceptional cricket,” Brook told Sky Sports. “I like the depth in the batting, it gives the lads at the top the license to get us off to a fast start and we saw that tonight.”

Openers Smith and Duckett put on 120 in 63 deliveries for the first wicket. No line or length was safe as the pair used invention and daring to move around the crease and find boundaries at will.

Duckett raced to his highest T20 international score but was bowled around his legs by Akeal Hosein.

Brook (35 not out from 22 balls) and Barbados-born Jacob Bethell (36 from 16 balls) added 70 in the final 31 deliveries of the innings to take England to their massive score.

The 25 dot balls that West Indies bowled are the fewest England have faced in a completed innings.

West Indies never looked like getting close to their target despite an enterprising 45 from 27 balls by captain Shai Hope, until Powell came in at number six and gave them a late boost.

England seamer Luke Wood was the pick on a difficult night for the bowlers with 3-31 in his four overs.

“We have not grasped those crucial moments in the game, whether it is with bat or ball. We have not managed to put that complete game together in this series. We have to improve everywhere,” West Indies captain Shai Hope said.