What is Cop28 and why is it important?


John Dennehy
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Live updates: Get the latest news on Cop28

World leaders have come together in Dubai at a UN summit known as Cop which aims to deliver a crucial action plan to combat the growing climate crisis.

The critical conference - which got under way this week - is being staged during a year in which the world has grappled with a series of extreme weather events and many climate records were broken.

It is also being held against a backdrop of major geopolitical tensions, from Ukraine to Gaza.

So what is Cop28, why is it important and what are the chances of success?

What is Cop28?

Cop stands for “conference of the parties”, referring to the almost 200 countries that signed up to the UN’s original climate deal in 1992.

The treaty – the United Nations Framework Convention on Climate Change – came into force in 1994 and aims to prevent dangerous human interference with the world's climate.

The first Cop was held in Bonn, Germany in 1995. There have been 27 to date – so this year it is Cop28.

Cops were once small, technical affairs, but they have grown much larger over the years with negotiations taking place alongside vibrant protests, workshops, discussions and scores of pavilions from countries and organisations dedicated to highlighting the plight of the environment and protecting it.

How long will Cop28 last and where is it being held?

Cop28 started on November 30 and is due to run until December 12 at Expo City Dubai.

The venue previously hosted the six-month Expo 2020 Dubai from 2021 to 2022 that attracted visitors from all over the world.

It is already on track to be the biggest Cop yet. More than 80,000 people have registered to attend the crucial talks, UN data released on Saturday showed.

It is a huge increase on Cop27, which was attended by about 50,000.

Dr Sultan Al Jaber, Cop28 President-designate, at Expo City Dubai, where the summit is being held. Pawan Singh / The National
Dr Sultan Al Jaber, Cop28 President-designate, at Expo City Dubai, where the summit is being held. Pawan Singh / The National

Why is Cop28 being held in Dubai?

Cops are rotated through the UN’s five regions every year.

It was the Asia-Pacific group's turn this year and the UAE was chosen to be the host.

Other countries in the Middle East and North Africa such as Morocco, Egypt and Qatar have previously hosted Cops.

  • The Rove Expo 2020 will be in the blue zone with access for accredited delegates during the global climate summit. Photo: Rove Hotels
    The Rove Expo 2020 will be in the blue zone with access for accredited delegates during the global climate summit. Photo: Rove Hotels
  • Alif - the Mobility Pavilion in Dubai will be open to the public during Cop28. Photo: Expo 2020 Dubai
    Alif - the Mobility Pavilion in Dubai will be open to the public during Cop28. Photo: Expo 2020 Dubai
  • The Expo 2020 falcon-winged UAE pavilion will go by a different name and serve as a cultural venue during Cop28. Photo: Antonie Robertson / The National
    The Expo 2020 falcon-winged UAE pavilion will go by a different name and serve as a cultural venue during Cop28. Photo: Antonie Robertson / The National
  • Terra - the Sustainability pavilion, which is covered with hundreds of solar panels, will be open to the public for Cop28. Chris Whiteoak / The National
    Terra - the Sustainability pavilion, which is covered with hundreds of solar panels, will be open to the public for Cop28. Chris Whiteoak / The National
  • The Terra, Alif, Vision, Women’s and Stories of Nations pavilions and Latifa’s Playground will be shut from November 18-29 to incorporate changes for Cop28. EPA
    The Terra, Alif, Vision, Women’s and Stories of Nations pavilions and Latifa’s Playground will be shut from November 18-29 to incorporate changes for Cop28. EPA
  • The Expo 2020 metro station serves the Dubai Exhibition and Convention Centre. Cop28 organisers have asked visitors to use the Dubai Metro. Pawan Singh / The National
    The Expo 2020 metro station serves the Dubai Exhibition and Convention Centre. Cop28 organisers have asked visitors to use the Dubai Metro. Pawan Singh / The National
  • The central Al Wasl Plaza at Expo City Dubai will be in the Cop28 green zone and accessible to the public during the summit. EPA
    The central Al Wasl Plaza at Expo City Dubai will be in the Cop28 green zone and accessible to the public during the summit. EPA
  • Surreal, a popular Expo 2020 Dubai water feature, will be open to the public during Cop28. Photo: Expo 2020 Dubai
    Surreal, a popular Expo 2020 Dubai water feature, will be open to the public during Cop28. Photo: Expo 2020 Dubai
  • Airport-style security gates will be installed for entry into the Cop28 summit's blue and green zones, much like the screening at the Expo 2020 site. Pawan Singh / The National
    Airport-style security gates will be installed for entry into the Cop28 summit's blue and green zones, much like the screening at the Expo 2020 site. Pawan Singh / The National
  • A night view of the Vision Pavilion that will be open to the public during Cop28. Photo: Expo 2020 Dubai
    A night view of the Vision Pavilion that will be open to the public during Cop28. Photo: Expo 2020 Dubai
  • The Garden in the Sky attraction will be shut from October and will not operate during Cop28. Pawan Singh / The National.
    The Garden in the Sky attraction will be shut from October and will not operate during Cop28. Pawan Singh / The National.
  • Arish, traditional architecture using dried palm leaves, will feature across the Cop28 site. Photo: Sandra Piesik
    Arish, traditional architecture using dried palm leaves, will feature across the Cop28 site. Photo: Sandra Piesik
  • As well as dried palm leaves, the age-old arish technique also uses fibre from the trunk and husk to construct homes and weave ropes. Photo: Sandra Piesik
    As well as dried palm leaves, the age-old arish technique also uses fibre from the trunk and husk to construct homes and weave ropes. Photo: Sandra Piesik

Who is attending the summit?

National leaders, government ministers, negotiators, climate advocates and business leaders from around the globe have converged on the UAE.

The UK’s King Charles III delivered a speech on Friday, in which he set out the need to preserve the environment.

UK Prime Minister Rishi Sunak has also attended, along with a host of other international leaders, such as Brazil's Luiz Inacio Lula da Silva and France's Emmanuel Macron.

US Vice President Kamala Harris is taking part in the talks on behalf of President Joe Biden.

Why is Cop28 important?

The world is getting hotter because of human activity, scientists say.

Globally, the world has warmed already by just over 1°C with the UN warning it could be headed for more than 2°C.

This would break pledges under the 2015 Paris deal where countries agreed to “pursue efforts” to limit warming to 1.5°C above pre-industrial levels.

UN scientists have warned that if this threshold is breached, billions of people could be affected by heat and humidity that damages their health.

Cop28 will try to tackle this.

What are the big issues at Cop28?

Countries are assessing how they are measuring up to the goals of the Paris Agreement.

Known as the “global stocktake”, it will examine what has been achieved and what more needs to be done.

The UN has already said the world is way off track in keeping to the 1.5°C goal and emissions that contribute to global warming must be slashed to stay on track.

Burning fossil fuels is the main cause of global warming and leaders will tackle this.

Scaling up climate finance to those who need it most is another. Poorer countries want the annual $100 billion funding goal promised in 2009 by wealthier counties to be delivered, but it is thought trillions of dollars are needed.

Ramping up climate adaptation efforts; getting the contentious loss and damage fund into operation; trying to limit deforestation; and building awareness of nature and its role in tackling climate change are among the other topics up for discussion.

Notable victories have already been achieved in the event's opening days.

Cop28 opened on Thursday with a historic deal to finally launch the loss and damage fund that helps the most vulnerable countries deal with the worst effects of climate change.

Loss and damage has long been sought by countries on the front lines of the crisis that have often done the least to cause the problem.

The UAE and Germany immediately announced $100 million each to the fund, with up to $75 million from the UK.

The US committed $17.5 million and Japan $10 million.

The UAE on Friday pledged to give $30 billion to combat climate change.

The money will go towards a new private investment vehicle, Alterra, which aims to raise $250 billion globally in the next six years to create a fairer climate finance system.

The commitment was announced by President Sheikh Mohamed during his opening address at the summit.

What is the schedule for the event?

Cop28 began with a major leader's summit on December 1 and 2 that set the tone for the event.

The talks will commence and intensify significantly in the final days in the hope of clinching a deal before they all leave.

There will also be themed days on issues including the first in-depth looks at health, nature, food, and youth.

What are the blue zone and green zones?

The venue is divided into two zones: blue and green.

The blue zone is where the negotiations are held, and is the site of country pavilions, presidency events, and hundreds of side events. It is off limits to the public.

The green zone open to the public on Sunday and will host talks, events and performances about green issues.

Will Cop28 make any difference?

Cops try to build momentum to tackle climate change.

Some are more successful than others, and parties at Cop21 signed up to the Paris deal.

Dr Sultan Al Jaber, Cop28 President-designate, said the 1.5°C goal remains the guiding “north star” for Cop28.

Where will be the next Cop be?

Cop29 is scheduled to be staged by a country in the Eastern Europe group, but reports suggest the Ukraine war is complicating efforts to find a host.

Countries will try to agree on a host at Cop28, but there is no formal deadline.

Brazil is expected to host Cop30 in 2025 as part of the Latin American and Caribbean grouping.

Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

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%3Cp%3EYears%3A%20October%202015%20-%20June%202024%3Cbr%3ETotal%20games%3A%20491%3Cbr%3EWin%20percentage%3A%2060.9%25%3Cbr%3EMajor%20trophies%3A%206%20(Premier%20League%20x%201%2C%20Champions%20League%20x%201%2C%20FA%20Cup%20x%201%2C%20League%20Cup%20x%202%2C%20Fifa%20Club%20World%20Cup%20x1)%3C%2Fp%3E%0A
Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

BIG SPENDERS

Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.

Match info

Arsenal 0

Manchester City 2
Sterling (14'), Bernardo Silva (64')

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

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.”

Updated: October 31, 2024, 4:54 AM