One of the most curious exhibits at Cop28 in Dubai last November was the “Pleistocene Park” backed by Russian coal and fertiliser billionaire Andrey Melnichenko.
He thinks that restoring lost ecosystems could be the way to take up more carbon from the atmosphere.
Biodiversity is part of climate, and yet more than that. The question is how can we best preserve and restore the natural world?
Mr Melnichenko has made a start by funding the return of some large mammals, including horses, reindeer and musk-oxen, to a remote north-eastern corner of the Russian taiga and tundra. He has not yet revived the mammoth, which became extinct shortly after the end of the last Ice Age, about 10,000 years ago, though there are some proposals to use genetic samples preserved in permafrost.
Nevertheless, he believes that by trampling snow and recreating grassland, the animals will help the tundra store more carbon and slow the melting of permafrost.
Large, “charismatic” creatures such as dinosaurs and mammoths are those we most wish we could bring back. Conservation efforts for endangered species focus on the white rhino, the panda, the orangutan and similar species.
Visiting a wildlife park such as Kenya’s Nakuru, Zimbabwe’s Hwange or Sri Lanka’s Yala reveals a rich variety of animals such as elephants, lions, leopards, hippopotamuses and crocodiles.
However, these are but vestiges of former paradisiacal ecosystems, that spanned every continent before the arrival of modern humans.
Their advanced hunting skills, the clearing of forests by fire, perhaps in combination with the climatic changes at the end of the last Ice Age, wiped out the mammoth along with the sabre-toothed tiger, the woolly rhinoceros, giant kangaroos and others.
Then came the takeover of land for agriculture, and the onset of invasive species that accompany people, such as dogs, cats and rats.
The modern era has seen further encroachment, industrial-scale forest clearance, the slicing up of habitats by roads for logging and mining, noise and light pollution that drive animals away and interfere with mating patterns, the overuse of pesticides and fertilisers, and the flooding of valleys by hydroelectric dams.
Climate change now threatens to outpace the rate at which species can adapt or move to cooler climates. Acidification of the oceans by carbon dioxide combines with industrial fishing, coastal development and excess nutrient run-off to devastate coral reefs, an essential building block of marine ecosystems.
In some studies, the Amazon rainforest appears dangerously close to dieback, when it would convert to savannah, releasing large stores of trapped carbon into the atmosphere – equivalent to about 13 years of emissions from all fossil fuel combustion.
Today, humans amount to 34 per cent of all mammal biomass; our domestic creatures – mostly cows, pigs, sheep and chickens – for 62 per cent. Wild mammals are just 4 per cent.
For all the focus on the big charismatic animals, the effect on less visible parts of the ecosystem may be more important – plants, insects, birds and amphibians.
British scientist James Lovelock, who died in 2022 aged 103, created the hypothesis of “Gaia” – that the Earth and life upon it form a unified, self-regulating organism. But he came to fear that so much biodiversity had been destroyed that Gaia might lose its ability to adjust and recover.
If the living world started releasing rather than absorbing trapped carbon, that would be a devastating blow to our ability to limit climate change.
Yet we are putting a growing burden on the natural world. Not so much because of overpopulation, an unhealthy obsession of some mostly western scientists and campaigners who fixate on developing countries. The problem comes more from the growing needs for food, timber and – ever more – biofuels.
Air transport, in particular, plans to rely on sustainable aviation fuels made mostly from biological materials – waste at first, such as used cooking oils, but once that supply is exhausted, attention will turn to dedicated crops.
But much renewable electricity, particularly in Europe, comes from burning biomass – particularly wood. This has dubious sustainability, and, as trees take time to grow after being replanted, may occur a carbon debt that takes decades to repay.
The International Energy Agency estimates the current energy from biological material at just over 60 exajoules – equivalent to about 10 per cent of world demand for primary energy, or about half the energy consumption of North America.
While a large share of “traditional use” – often unsustainable cutting down of trees for firewood if it rose to over 100 exajoules by 2050 would stop, some of this comes from re-using waste.
The agency has carefully tried to keep its estimates within the bounds of sustainability, but other studies reveal much higher figures.
We should seek to tread more lightly on the earth rather than more heavily. That suggests initiatives of rewilding – returning some arable or pasture land to nature, restoring habitats such as mangroves, re-establishing populations of large mammals, and allowing predators such as bears and wolves to return.
Agriculture should be more intensive but over less land, and with more focused attention on managing its negative consequences, such as fertiliser overuse, run-off, and water withdrawals.
Over-reliance on biomass for low-carbon fuels can be replaced by hydrogen-based synthetic fuels using renewable energy or carbon capture and storage. Biomass power plants can be downplayed in favour of nuclear and geothermal power, batteries and hydrogen or carbon capture-based generation.
Restoring biodiversity goes beyond the problem of climate change. Some of the proposed ways of tackling climate change may be very damaging to biodiversity, while others favour it.
Pleistocene Park may be an extreme example, but the integrity of ecosystems should be cherished, not trampled under the hooves of a one-eyed climate policy.
Robin M. Mills is chief executive of Qamar Energy, and author of The Myth of the Oil Crisis
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs
The biog
Name: Abeer Al Bah
Born: 1972
Husband: Emirati lawyer Salem Bin Sahoo, since 1992
Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old
Education: BA in Elementary Education, worked for five years in a Dubai school
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
RACE CARD
5pm: Handicap (PA) Dh70,000 1,400m
5.30pm: Handicap (TB) Dh70,000 1,000m
6pm: Maiden (PA) Dh70,000 2,000m
6.30pm: Handicap (PA) Dh70,000 2,000m
7pm: Maiden (PA) Dh70,000 1,600m
7.30pm: Al Ain Mile Group 3 (PA) Dh350,000 1,600m
8pm: Handicap (PA) Dh70,000 1,600m
Amith's selections:
5pm: AF Sail
5.30pm: Dahawi
6pm: Taajer
6.30pm: Pharitz Oubai
7pm: Winked
7.30pm: Shahm
8pm: Raniah
Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
Results:
5pm: Abu Dhabi Fillies Classic (PA) Prestige Dh 110,000 1.400m | Winner: AF Mouthirah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Abu Dhabi Colts Classic (PA) Prestige Dh 110,000 1,400m | Winner: AF Saab, Antonio Fresu, Ernst Oertel
6pm: Maiden (PA) Dh 80,000 1,600m | Winner: Majd Al Gharbia, Saif Al Balushi, Ridha ben Attia
6.30pm: Abu Dhabi Championship (PA) Listed Dh 180,000 1,600m | Winner: RB Money To Burn, Pat Cosgrave, Eric Lemartinel
7pm: Wathba Stallions Cup (PA) Handicap Dh 70,000 2,200m | Winner: AF Kafu, Tadhg O’Shea, Ernst Oertel
7.30pm: Handicap (PA) Dh 100,000 2,400m | Winner: Brass Ring, Fabrice Veron, Ismail Mohammed
First Person
Richard Flanagan
Chatto & Windus
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.