BUILDING TOWARDS NET ZER O

Crucial Decade To Pick Pace On Energy Transition

Net Carbon Vision aims to help organisations bring a tectonic shift to achieving their carbon neutrality goals

Suneeti Ahuja-Kohli

The competing demands between climate action and the continued need for energy are complex. Add to this the collective bid to achieve carbon neutrality in a couple of decades — 2050 in the case of the UAE — makes the task of business transformation a little daunting. However, several consulting companies such as Net Carbon Vision (NCV) are rising to the occasion and helping firms, big and small, new and existing, pick pace and set the ball rolling to achieve climate-related targets.

A subsidiary of Global Commodity Venture (GCV), Net Carbon Vision envisions building sustainable solutions and products for global companies.

“NCV has been created and launched to create innovative products and consultancy services in the area of sustainability and decarbonisation, helping industries benchmark, set, and achieve their net zero targets using AI and IoT technologies covering all scopes towards emission monitoring and analysis,” says Mohamed Shah Nowfal, Founder, Net Carbon Vision; Managing Director, Global Commodity Ventures Group. The firm is currently focussed on big industrial sectors like resources industries, such as cement, metal, mining, power generation, oil and gas, and major sources of emission and performs optimisation.

“We focus on building digital twin solutions for performance and asset monitoring to carbon capture storage equipment which will be installed in the existing plants as well in the new green field projects. We are in discussion with a few OEMs to capture CO2 from industrial gases. As a part of the low carbon fuels initiative, we are in the early stages of discussion with H2 (Green / Blue) generation OEMs and bringing their process technology expertise to the UAE and other parts of the MENA region and building digital twin solutions,” adds Nowfal. Spending by companies on environmental, social and governance (ESG) and sustainability consulting is set to more than double over the next five years to a record $16 billion, states a new report by research firm Verdantix. “We understand this domain very well. Our core business is in coal shipping, logistics and coal trading, which enables us to understand the fossil fuel properties. We are well exposed to coal calorific value and its emissions, and we also handle metal slags for cement industries which is one of the alternative fuels for low carbon emission,” notes Nowfal. Cement plants are among the major contributors to emissions globally. However, NCV has been