Mariam Al Mheiri, Minister of Climate Change and Environment, has discussed plans for Cop28 at the Global Food Security Summit in London. PA
Mariam Al Mheiri, Minister of Climate Change and Environment, has discussed plans for Cop28 at the Global Food Security Summit in London. PA
Mariam Al Mheiri, Minister of Climate Change and Environment, has discussed plans for Cop28 at the Global Food Security Summit in London. PA
Mariam Al Mheiri, Minister of Climate Change and Environment, has discussed plans for Cop28 at the Global Food Security Summit in London. PA

Food and climate resilience to be key focus of Cop28 agenda, UAE's Mariam Al Mheiri says


Thomas Harding
  • English
  • Arabic

Growing sustainable food to tackle the climate crisis will top the agenda at the Cop28 summit, the UAE’s Minister of Climate Change and Environment has said.

The first day of the global UN conference, which will be held in Dubai from November 30 to December 12, will include a high-level session on food, Mariam Al Mheiri said.

The chefs at Cop28 who will cook meals for the thousands of world leaders and delegates will also work with a focus on aiding the climate fight, she said.

Speaking at the opening of Global Food and Security Summit in London, Ms Al Mheiri called on the international community to attend Cop28 "with hope, a positive mindset and action-orientated thinking” to make the summit a “beacon of inspiration for everyone because the world really needs it”.

We invite you to add your voice by endorsing the Emirates declaration
Mariam Al Mheiri

The UAE’s Cop28 presidency's focus on food and climate issues has built on the momentum “firmly set on course” at Cop26 in the UK, she said.

“Our own contribution to the cause is to really elevate this agenda and place it at the very heart of presidential action agenda,” Ms Al Mheiri added.

“The Cop28 presidency starts with a high-level session on food and climate on the very first day, so we've got food on centre stage on the very first day.”

The London talks on Monday brought together experts to address food insecurity and tackle hunger and malnutrition

UK Prime Minister Rishi Sunak said the world “must take action” to address the causes of global food insecurity.

“From the impact of Russia’s war in Ukraine, to the effect of major natural disasters on food production, I am proud, that alongside our partners, the UK is playing a leading role in finding solutions to some of the greatest global challenges of our time,” Mr Sunak added.

  • British Prime Minister Rishi Sunak speaks at the opening session of the Global Food Security Summit at Lancaster House, central London. Getty Images
    British Prime Minister Rishi Sunak speaks at the opening session of the Global Food Security Summit at Lancaster House, central London. Getty Images
  • Mariam Al Mheiri, UAE Minister of Climate Change and Environment, and Minister of State for Food Security, addresses the event on November 20. Getty Images
    Mariam Al Mheiri, UAE Minister of Climate Change and Environment, and Minister of State for Food Security, addresses the event on November 20. Getty Images
  • A recorded message by Bill Gates is broadcast at Lancaster House. Getty Images
    A recorded message by Bill Gates is broadcast at Lancaster House. Getty Images
  • Mr Sunak said the world 'must take action' to address the underlying causes of food insecurity. Getty Images
    Mr Sunak said the world 'must take action' to address the underlying causes of food insecurity. Getty Images
  • Somalia's President Hassan Sheikh Mohamud makes a speech at the summit. AP
    Somalia's President Hassan Sheikh Mohamud makes a speech at the summit. AP
  • Mr Sunak shakes hands with Britain's Minister of State for Development and Africa, Andrew Mitchell. PA
    Mr Sunak shakes hands with Britain's Minister of State for Development and Africa, Andrew Mitchell. PA
  • Chairman of the board of the Children's Investment Fund, Sir Chris Hohn, at the summit. PA
    Chairman of the board of the Children's Investment Fund, Sir Chris Hohn, at the summit. PA

He announced that Britain would launch a new science centre where experts will develop climate-resilient crops and identify risks to global food systems.

Mr Sunak was joined at the event by Hassan Sheikh Mohamud, President of Somalia, while billionaire philanthropist Bill Gates gave a video address.

Ms Al Mheiri told the summit that an agreement was reached on the Emirates declaration on resilient food systems, sustainable agriculture and climate action, after weeks of negotiations with more than 100 countries.

She called on other nations to endorse the declaration. “We invite you to add your voice by endorsing the Emirates declaration and join us on stage, as partners during the high-level session or food and climate," she said.

The declaration’s aims are to harness power, adapt to climate change and reduce emissions.

“We in the UAE know how powerful this tool is because, despite our harsh climate, we are successfully growing a variety of vegetables and fruits and more recently, lots of different varieties of berries. all year round in closed agriculture environments right in the middle of the desert,” she said.

The proposal lays out a vision for effective global action in five key areas: adaptation, food security and nutrition, livelihoods, food and waters systems and sustainable approaches.

“Our focus will be really to highlight the solutions and the opportunities presented by them through systems and their interactions with our precious planet,” she said. “We need to identify these, scale them up and ensure that we are able to empower the solutions.”

So far, the proposal has more than 500 partners and $3 billion in investments have been pledged.

Ms Al Mheiri said it was important the UAE “walk the talk” at Cop28. All the catering companies at the summit were brought together for a workshop to ensure “what they're cooking in the kitchen is more 1.5°C aligned”, she said, referring to the global aim to limit the rise in global temperatures to 1.5°C above pre-industrial levels.

Ms Al Mheiri said she hoped the move would be replicated at future climate change conferences. “It was such an amazing workshop, not only with fun, but to also get the chef's understanding how powerful they are, and the choices they make and how powerful that is on the food systems," she said.

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Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

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  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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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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Iran has sent five planeloads of food to Qatar, which is suffering shortages amid a regional blockade.

A number of nations, including Iran's major rival Saudi Arabia, last week cut ties with Qatar, accusing it of funding terrorism, charges it denies.

The land border with Saudi Arabia, through which 40% of Qatar's food comes, has been closed.

Meanwhile, mediators Kuwait said that Qatar was ready to listen to the "qualms" of its neighbours.

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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.”

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Updated: November 22, 2023, 8:10 AM