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Finance World Magazine| Edition: April 2024

Amidst pressing global climate challenges, the UAE has emerged as a leader in sustainability, spearheading initiatives promising a greener future. At the forefront of this movement is the country's ambitious Net Zero 2050 initiative, which has garnered pledges from several companies. This month's edition of Finance World Magazine delves into the implications of the UAE's Net Zero 2050 initiative and its transformative effects on the financial landscape, echoing the country's dedication to sustainable development. The cover story highlights companies dedicated to the Net Zero by 2050 initiative, driving change across sectors with innovative strategies for carbon neutrality, reflecting their proactive leadership and impactful contributions to a sustainable future. Between these pages, readers can discover insights into Venkat Reddy's visionary approach behind klipit, the world's first eco-friendly, blockchain-based paperless receipt app. The edition highlights the significance of the UAE's pioneering Digital Asset Law and the newly introduced Biofuel Policy, assessing their implications and potential impact. Complementing the net zero initiatives the article, “Sustainable Living in Dubai: A Closer Look at ZāZEN Properties' Prescient Developments” deciphers the successful green developments by ZāZEN Properties. It also features Shahzad Ahmad, CEO of Ensure Events, sharing insights on his entrepreneurial journey fueled by childhood passion, navigating challenges and envisioning global music festivals and business expansion. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.

Amidst pressing global climate challenges, the UAE has emerged as a leader in sustainability, spearheading initiatives promising a greener future. At the forefront of this movement is the country's ambitious Net Zero 2050 initiative, which has garnered pledges from several companies. This month's edition of Finance World Magazine delves into the implications of the UAE's Net Zero 2050 initiative and its transformative effects on the financial landscape, echoing the country's dedication to sustainable development.

The cover story highlights companies dedicated to the Net Zero by 2050 initiative, driving change across sectors with innovative strategies for carbon neutrality, reflecting their proactive leadership and impactful contributions to a sustainable future. Between these pages, readers can discover insights into Venkat Reddy's visionary approach behind klipit, the world's first eco-friendly, blockchain-based paperless receipt app.

The edition highlights the significance of the UAE's pioneering Digital Asset Law and the newly introduced Biofuel Policy, assessing their implications and potential impact. Complementing the net zero initiatives the article, “Sustainable Living in Dubai: A Closer Look at ZāZEN Properties' Prescient Developments” deciphers the successful green developments by ZāZEN Properties.

It also features Shahzad Ahmad, CEO of Ensure Events, sharing insights on his entrepreneurial journey fueled by childhood passion, navigating challenges and envisioning global music festivals and business expansion.

Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.

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Investing in ecological art goes beyond<br />

mere financial considerations; it represents<br />

a commitment to supporting<br />

and promoting sustainability, conservation,<br />

and environmental stewardship through<br />

the creative medium. Investing in ecological<br />

art holds immense significance:<br />

1. Raising Environmental Awareness:<br />

Ecological art is a powerful tool for<br />

raising awareness about environmental<br />

issues among the public. Through<br />

thought-provoking artworks, artists<br />

convey complex environmental concepts<br />

in accessible and engaging ways, stimulating<br />

conversations and encouraging<br />

individuals to reconsider their relationship<br />

with nature.<br />

2. Advocating for Change:<br />

Many ecological artists are passionate<br />

advocates for environmental conservation<br />

and social change. Their artworks often<br />

serve as catalysts for activism, inspiring<br />

viewers to become more engaged in<br />

environmental advocacy efforts and to<br />

demand action from policymakers and<br />

industry leaders.<br />

3. Preserving Cultural Heritage:<br />

Ecological art often incorporates traditional<br />

craft techniques and indigenous<br />

knowledge, highlighting the interconnectedness<br />

between cultural heritage<br />

and environmental sustainability. By<br />

investing in ecological art, individuals<br />

can contribute to the preservation of<br />

cultural traditions that are deeply rooted<br />

in sustainable practices and respect for<br />

the natural world.<br />

4. Supporting Sustainable Practices:<br />

Ecological artists are increasingly<br />

incorporating sustainable materials and<br />

methods into their creative processes,<br />

demonstrating a commitment to reducing<br />

their environmental footprint. By investing<br />

in ecological art, patrons can support<br />

artists who prioritise sustainability and<br />

encourage the adoption of eco-friendly<br />

practices within the art community.<br />

5. Promoting Biodiversity Conservation:<br />

Many ecological artists draw inspiration<br />

from nature and ecosystems, celebrating<br />

the beauty and diversity of the natural<br />

world through their artworks. By investing<br />

in ecological art, individuals can contribute<br />

to efforts to protect biodiversity and<br />

preserve fragile ecosystems for future<br />

generations.<br />

It becomes a life<br />

that you can no<br />

longer speak for,<br />

defend, or nurture.<br />

You put it out there<br />

and it needs to<br />

find its own way.”<br />

Muhannad Shono<br />

6. Creating Dialogue and Reflection:<br />

Ecological art invites viewers to<br />

contemplate their relationship with the<br />

environment and to consider the ecological<br />

implications of human activities. By<br />

investing in ecological art, individuals<br />

can facilitate meaningful dialogue and<br />

introspection on environmental issues,<br />

fostering a deeper connection to nature<br />

and a sense of responsibility for its<br />

protection.<br />

A prominent example of one such initiative<br />

is a “Forgotten Place”, a site-specific,<br />

long-term installation unveiled in <strong>2024</strong>,<br />

that emerged from a deep dive into the<br />

unexpected ecologies thriving within<br />

Dubai’s industrial-turned-cultural hub<br />

of Alserkal Avenue. In a city marked by<br />

rapid urbanisation, artist Mohanned Shono<br />

finds intrigue in the untamed pockets<br />

of nature that have reclaimed urban<br />

spaces. As part of A Feral Commons,<br />

the inaugural cycle of Alserkal Advisory’s<br />

Global Co-commission project,<br />

Shono’s creation stands as one of three<br />

pieces exploring the theme of climate<br />

change. Curated by Tairone Bastien, this<br />

series leverages public art to explore the<br />

often-overlooked interdependence and<br />

symbiotic relationships between humans<br />

and the natural world.<br />

In this installation, Shono ingeniously<br />

utilises water condensate harvested from<br />

12 warehouse air conditioning units to<br />

sustain a vibrant garden of indigenous<br />

plants. These plants, carefully selected<br />

during the artist’s thorough explorations<br />

of Al Quoz, are not only chosen for their<br />

medicinal or edible properties but also<br />

for their rich history and significance<br />

to the region.<br />

The installation focuses on what the<br />

artist terms “AC ecologies,” illustrating<br />

nature’s resilience and ability to adapt to<br />

climate change driven by human activity.<br />

The project aims to explore the concept of<br />

AC ecologies and contemplate the potential<br />

of utilising abundant yet underutilised<br />

sources of irrigation, particularly in regions<br />

facing water scarcity. Muhannad, a globally<br />

recognised artist, has showcased his<br />

work in various prestigious exhibitions,<br />

including the citywide annual festival of<br />

Light Noor Riyadh in 2022 and the 2022<br />

Venice Biennale, where he represented<br />

his country with the installation titled<br />

“The Teaching Tree.”<br />

By incorporating these plants into the<br />

artwork, Shono weaves a narrative of<br />

indigeneity and resilience, highlighting<br />

the enduring connection between nature<br />

and the local environment. Through this<br />

innovative approach, Shono demonstrates<br />

a commitment to ecological stewardship<br />

and also showcases the transformative<br />

potential of art in fostering a deeper<br />

appreciation for the natural world. The<br />

installation serves as a poignant reminder<br />

of the profound bond between art and<br />

nature, inviting viewers to contemplate<br />

their relationship with the environment<br />

and the importance of preserving local<br />

ecosystems. Overall, Shono’s work offers<br />

a powerful testament to the symbiotic<br />

relationship between human creativity<br />

and the natural world, emphasising the<br />

role of art in promoting environmental<br />

awareness and sustainability.<br />

Investing in ecological art offers a unique<br />

opportunity to support environmental<br />

conservation, promote sustainability,<br />

and inspire positive change.<br />

<strong>April</strong> <strong>2024</strong> www.thefinanceworld.com 99

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