Mubadala Survey On Climate Change: Investors around the world are facing a lot of difficulties in international investment these days. They are investing their capital to build a sustainable future. In view of this, Mubadla Investment Company has released the Megatrends Study in collaboration with Bloomberg Media. It shows how climate change is increasing threat to India and the world and digital technology is working towards building a better future.
The report covers the views of over 1,800 global investors and young consumers from India, UAE, UK, US, China and France. The study found that climate change emerged as a bigger threat than all other megatrends. Due to this health, environment and business are being affected all over the world.
‘Climate change biggest threat’
Participants in France (52 percent), the UK (50 percent), the UAE (41 percent) and India (39 percent) agreed that climate change is the biggest threat. In the US (29 percent) and China (27 percent), people see climate change as almost as big a threat as demographic change and inequality. Not only this, in India and UAE, 92 and 93 percent people respectively have considered efforts to make the economy low-carbon most important in the direction of preventing climate change.
Indians also became part of the survey
In the survey, digital technology has been considered as a megatrend in the direction of building an environment-friendly (sustainable) future for all. It has been said that it is capable of ensuring the welfare of the world. In this survey, 34 percent people in India, 34 percent in America, 32 percent in China and 31 percent in UAE expressed their opinion.
In this report, the acceptance of the efforts made by the companies in the direction of building the future was also seen. 95 percent in India and 91 percent in UAE believed so. It was followed by the US (85 percent), France (84 percent), the UK (84 percent) and China (81 percent).
Report released on the 75th anniversary of the UN
The Megatrends Study has been launched following a report published by the UN Economist Network on the occasion of the 75th anniversary of the UN. The report focuses on five megatrends: climate change, demographic change and aging, urbanisation, digital technology and inequality.
India is the third largest consumer of energy
Khalid Al Qubaisi, Chief Executive Officer, Real Estate & Infrastructure Investments, Mubadala, said, "Expanding our portfolio in India is a key pillar of our strategy, as megatrends like climate change and technology are creating unique investment opportunities at this time. At present, India is the third largest energy consumer in the world after China and America."
He further said, "There is an ambition to increase renewable energy capacity from 100 GW to 500 GW by 2030 to decarbonise the economy. As India’s long-term partner, at Mubadala we support the country in its ambitions and have made significant investments in key energy projects and innovative clean technologies that improve energy access, enable digital growth and improve social Economic progress has been ensured."
Some other important results of the study
- Participants seemed to agree that inequality affects the economy, society and political landscape.
- Participants recognized that urbanization has broad economic and social advantages and disadvantages.
- The impact of demographic change on quality of life has been mixed. While 93 and 91 percent of people in India and the UAE believed this, respectively, 82 and 79 percent believed in France and the UK.
Mubadla looking for new sources of energy
Mubadla has been investing in renewable energy sources for the last 15 years. It started with the establishment of Masdar, which is active in more than 35 countries in 6 continents. These range from the world’s largest single-site solar plant in the UAE with a capacity of 2 GW to Indonesia’s first floating solar plant that will be able to supply enough electricity for 50,000 homes.
Mubadala’s recent partnership with Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company PJSC (TQA) aims to bring Masdar’s renewable energy capacity to 100 GW by the end of 2022, making it a global clean energy powerhouse House has to be built.
Mubadla has invested in India
Let us tell you that in recent years, Mubadla has completed many deals in line with its commitment to these trends. In 2020, the company invested $ 1.2 billion in Jio Platforms. It is a next generation technology platform focused on providing high quality and affordable digital services across India. In the same year, Mubadla invested Rs 6,247.5 crore in Reliance Retail Ventures Limited, India’s fastest growing and profitable retail business. It has about 12,000 stores across the country.
India’s important step towards environment
In April 2022, Mubadla acquired BlackRock Real Estate’s Rs 4,000 crore stake in Tata Power Renewable Energy Limited (TPREL), supporting India’s efforts to become self-sufficient in the field of renewable energy. Tata Renewable aims to contribute 6% or 30 GW through its energy portfolio by 2030. It aims to reduce CO2 emissions by around 90 million tonnes annually by replacing coal in India’s energy mix.
Get the more latest India news updates