Tag Archives: construction
Is a new property law set to be introduced?
New legislation has been proposed that will give Dubai property investors greater levels of protection.According to the Real Estate Investment Management and Promotion Centre of the Dubai Land Department (DLD), the Tanweer law has been set up and is now ready to be officially sanctioned, the National reports.The organisation said that legal experts had given feedback on the draft regulations last year.Head of the centre Majida Ali Rashed told the news provider the law – which protects the rights of real estate investors and aims to create more transparency across the sector – is the first of its kind in the world.”The [DLD] will issue in the coming period a fully integrated law that will protect the rights of real estate investors through a comprehensive framework based on transparency and clarity of the contractual relationship between the developers and the investors,” she was quoted as saying.Experts have welcomed the impending introduction of the law and stated that more information would be made available once it is officially put in place.Alexis Waller, partner at the legal firm Clyde & Co, said anything that enhances confidence in the city's property sector is to be welcomed and the rules have been set up in a way that balances the interests of both developers and investors.Several recent studies have highlighted the growing demand for property in the UAE and it is generally accepted that the government's proactive approach to stimulating investment activity in the country is one of the main reasons for its popularity.Earlier this month, Global Investment House's GCC Real Estate Quarterly report showed the UAE and Saudi Arabian property markets are still leading the way in the Middle East.The research indicated that Dubai landlords were able to hike their rents by ten per cent in the first quarter of 2013, while the hospitality and commercial property sectors also performed extremely well during the three-month period.With new legal safeguards in the pipeline as well, it is easy to see why Dubai is one of the most sought after investment hotspots on the planet at the moment. The First Group can find you some excellent properties in Dubai Continue reading
New Zealand House Properties Homes Real Estate & Property For Sale – 333 Haycock Road Nelson
333 Haycock Road, Hope, Tasman – Listed wit Nina James – Re Max Elite – Nelson New Zealand A balanced coexistence between our natural environment and the spa… Continue reading
Silver Linings In The IEA Report On 2012 Fossil Fuel Carbon Emissions
Carbon emissions from fossil fuels reached record levels, but the 2012 rise was relatively small, and there are positive signs China’s energy mix is becoming less carbon intensive. Photograph: Bei Feng/EPA As Fiona Harvey reported for The Guardian, the International Energy Agency (IEA) 2012 World Energy Outlook Report found that annual carbon dioxide emissions from fossil fuels rose 1.4 percent in 2012 to 31.6 billion tonnes (gigatonnes [Gt]). The bad news is that this is a new record high level of emissions. The good news is that it represents the second-smallest annual increase since 2003, behind only 2009 when global fossil fuel carbon emissions fell due to the global recession. Emissions estimates from 2009–2010 have also been revised downward, so the reported 31.6 Gt 2012 emissions match the reported value from 2011 . American emissions of carbon dioxide from fossil fuels fell by 200 million tonnes (Mt) to levels last seen in the mid-1990s due to a transition from coal power to natural gas and renewable energy . European emissions fell 50 Mt due to economic contraction and renewable energy growth, despite an increase in coal energy use. Perhaps most encouraging, although Chinese emissions grew by 300 Mt in 2012, this was among the country’s smallest annual emissions growth over the past decade. This is a result of China diversifying its energy sources and installing more renewable energy. Chinese CO2 emissions per unit of electricity generation since 2000 The IEA report comes on the heels of an agreement between the presidents of USA and China to reduce emissions of hydrofluorocarbons (HFCs), which are potent greenhouse gases. This could potentially lead to the reduction the equivalent of 90 Gt of carbon dioxide by 2050, or nearly three years of current global emissions from fossil fuel use. China is also considering putting a price on its carbon emissions, and their goal is to end the rapid growth of Chinese coal power use . So there are signs that the world’s two largest greenhouse gas emitters, USA and China are beginning to take serious steps to address the climate problem. The question is whether those steps will be large enough and fast enough to avoid triggering dangerous climate change . At the moment, we our emissions are closest to Scenario A2 from the 2007 Intergovernmental Panel on Climate Change (IPCC) report. IEA emissions vs. IPCC scenarios Scenario A2 represents 3 to 4°C global surface warming by 2100 as compared to pre-industrial levels. This far exceeds the internationally accepted 2°C “danger limit” , and would put us at serious risk of catastrophic climate change . However, the relatively small emissions increase in 2012 has pushed us in the direction of IPCC scenario A1T, which represents 2 to 3°C warming by 2100. That still exceeds the danger limit, but at least it’s movement in the right direction. More still needs to be done to reduce our fossil fuel consumption. To have a realistic chance of avoiding 2°C warming, emissions need to peak by the year 2020. The earlier they peak, the better chance we have of limiting the impacts of climate change to an adaptable level. This will be challenging, because power plants have lifetimes of many decades, so we’re already “locked in” to a substantial chunk of emissions from those that have already been constructed or are in construction. The IEA report presented four recommendations for limiting global warming to 2°C: 1) Increase energy efficiency in buildings, transportation, and industry. 2) Limit the construction and use of inefficient coal power plants. 3) Minimize methane emissions from oil and gas production. 4) Accelerate the phase-out of fossil fuel subsidies . The positive movement from China and the USA in particular is encouraging, but we still have a lot of work ahead to turn the annual carbon emissions growth into an annual decline in order to limit the climate damage to adaptable levels. Continue reading