A group of climate activists demonstrate in front of the International Court of Justice in The Hague. AFP
A group of climate activists demonstrate in front of the International Court of Justice in The Hague. AFP
A group of climate activists demonstrate in front of the International Court of Justice in The Hague. AFP
A group of climate activists demonstrate in front of the International Court of Justice in The Hague. AFP

Pacific islanders seek climate reparations in landmark ICJ court case


Tim Stickings
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Pacific islanders threatened by rising sea levels took the world's top polluters to the UN's highest court on Monday to seek reparations for the effects of climate change.

In a ground-breaking case, the International Court of Justice will consider whether polluters responsible for global warming are bound by essential legal customs such as self-determination and human rights to compensate for the damage to the planet.

Vanuatu opened the proceedings in The Hague on Monday, telling the 15-judge bench led by Lebanon's Nawaf Salam that the outcome of the case "will reverberate across generations". Dozens of countries including Middle East states will take the floor during two weeks of hearings.

"This may well be the most consequential case in the history of humanity," said Ralph Regenvanu, a special envoy for Vanuatu. He said the conduct of a handful of top polluters was "unlawful under a range of international obligations".

The case opened just over a week after the Cop29 summit in Azerbaijan ended with many developing countries disappointed by a $300 billion pledge to fight climate change. The amount agreed was smaller than hard-hit nations had asked for, and the terms less specific about who should pay.

Mr Regenvanu said the talks in Baku showed a "failure of the process" as climate-conscious countries turn to international law as an alternative. "There is an urgent need for a collective response to climate change grounded not in political convenience but in international law," he told the court.

Margaretha Wewerinke-Singh, a law professor representing Vanuatu, told the court that states responsible for climate change "are required to make full reparation for the injury they have caused". She said reparations should be proportionate to historic contributions to global warming.

Judges should also insist on countries "stopping actions that fuel the fire", such as expanding fossil fuel use, she told the bench.

Ralph Regenvanu, a special climate envoy from Vanuatu, told the court it was hearing what 'may be the most consequential case in the history of humanity'. AP
Ralph Regenvanu, a special climate envoy from Vanuatu, told the court it was hearing what 'may be the most consequential case in the history of humanity'. AP

The United States, the world's biggest historical polluter ahead of China and Russia, opposes a case it says could "accentuate disagreements" and "complicate our collective efforts". Britain supported it on the basis that the court will not decide whether specific countries are in breach of the law.

Environmental activists hope a ruling in their favour, although non-binding, will ripple across the world and spur domestic courts to insist on more ambitious climate policies from their governments. Campaigners gathered outside the Peace Palace under the slogan: "We are watching."

In the courtroom, lawyers invoked the principles of due diligence, self-determination, preventing significant harm, protecting human rights and the law of the sea, as they seek a ruling from the ICJ that these oblige states not to contribute to global warming. The issue was referred to the court by resolution of the UN General Assembly last year.

Julian Anguan, a lawyer from Guam representing a group of Pacific states called the Melanesian Spearhead Group, said climate change had "already caused grievous violations of the right to self-determination", such as loss of natural resources and forced displacement from traditional homelands.

"The peoples of Melanesia live exceptionally close to the Earth and thus feel the vandalism visited upon it acutely," he said. "They have lost nearly everything that has since time immemorial formed their very essence as peoples."

The specs

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Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Pakistan v New Zealand Test series

Pakistan: Sarfraz (c), Hafeez, Imam, Azhar, Sohail, Shafiq, Azam, Saad, Yasir, Asif, Abbas, Hassan, Afridi, Ashraf, Hamza

New Zealand: Williamson (c), Blundell, Boult, De Grandhomme, Henry, Latham, Nicholls, Ajaz, Raval, Sodhi, Somerville, Southee, Taylor, Wagner

Umpires: Bruce Oxerford (AUS) and Ian Gould (ENG); TV umpire: Paul Reiffel (AUS); Match referee: David Boon (AUS)

Tickets and schedule: Entry is free for all spectators. Gates open at 9am. Play commences at 10am

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Kathryn Hawkes of House of Hawkes on being a good guest (because we’ve all had bad ones)

  • Arrive with a thank you gift, or make sure you have one for your host by the time you leave. 
  • Offer to buy groceries, cook them a meal or take your hosts out for dinner.
  • Help out around the house.
  • Entertain yourself so that your hosts don’t feel that they constantly need to.
  • Leave no trace of your stay – if you’ve borrowed a book, return it to where you found it.
  • Offer to strip the bed before you go.

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.”

The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

Updated: December 02, 2024, 12:25 PM