A major milestone in the fight against climate change has been achieved as greenhouse gases, which were behind the hole in the ozone layer, have dropped for the first time.
Levels of harmful hydrochlorofluorocarbons (HCFCs), or greenhouse gases, which were developed as replacements for chlorofluorocarbons (CFCs), have reduced.
The international Montreal Protocol was agreed to in 1987 and aimed to introduce controls on the production and use of ozone-depleting substances (ODS), which were once widely used in the manufacture of hundreds of products, including refrigerators, aerosol sprays, foams and packaging.
While production of CFCs has been banned globally since 2010, HCFC production and usage is still being phased out.
A study, published in the Nature Climate Change journal on Tuesday, reveals reductions have been recorded for the first time. It is a significant development, author Luke Western, Marie Curie Research Fellow at the University of Bristol's School of Chemistry, told The National.
“This is a major milestone,” he said. “Our prediction is that it will continue to decrease. If this trend continues the ozone hole will recover in about 40 years' time.
“In terms of climate change this is very significant. The biggest message this shows is that environmental policies, like the Montreal Protocol, do work. It is the first time since monitoring began in the 1980s that we have seen a reduction.”
The international study, titled Global Reduction in Harmful Greenhouse Gases and Ozone-Depleting Substances: Success of Montreal Protocol Confirmed, shows the total amount of ozone-depleting chlorine contained in all HCFCs peaked in 2021.
Although the drop between 2021 and 2023 was less than 1 per cent, it still shows HCFC emissions are heading in the right direction.
“The results are very encouraging. They underscore the great importance of establishing and sticking to international protocols,” Dr Western said.
“Their production is currently being phased out globally, with a completion date slated for 2040. In turn, these HCFCs are being replaced by non-ozone-depleting hydrofluorocarbons (HFCs) and other compounds.
“By enforcing strict controls and promoting the adoption of ozone-friendly alternatives, the protocol has successfully curbed the release and levels of HCFCs into the atmosphere.
“Without the Montreal Protocol, this success would not have been possible, so it’s a resounding endorsement of multilateral commitments to combat stratospheric ozone depletion, with additional benefits in tackling human-induced climate change. It shows the success of international co-operation and the importance of it in tackling environmental issues.”
The results rely on high-precision measurements at globally distributed atmospheric observatories, using data from the Advanced Global Atmospheric Gases Experiment and the National Atmospheric and Oceanic Administration (NOAA).
“We use highly sensitive measurement techniques and thorough protocols to ensure the reliability of these observations,” said co-author Dr Martin Vollmer, an atmospheric scientist at the Swiss Federal Laboratories for Materials Science and Technology.
Co-author Dr Isaac Vimont, a research scientist at the NOAA in the US, said environmental monitoring is imperative.
“This study highlights the critical need to be vigilant and proactive in our environmental monitoring, ensuring other controlled ozone-depleting and greenhouse gases follow a similar trend which will help to protect the planet for future generations,” he said.
In December, Nasa launched a website, earth.gov, that will soon monitor locations around the world that are producing greenhouse gases.
Nasa administrator Bill Nelson revealed the details at a Future Talks event at the Museum of the Future in Dubai and said the website would use data from Nasa satellites to track greenhouse gases, which become trapped in the Earth’s atmosphere and cause the planet to heat up.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
UAE currency: the story behind the money in your pockets
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams