Live updates: Follow the latest news on Cop28
Non-government organisations are calling for developed countries to take responsibility for their historical contribution to climate change.
Ahead of the event’s opening in Dubai on Thursday, environmental and poverty campaign groups said the gathering should press for a faster phasing out of fossil fuels and ensure that wealthier nations offer more assistance to poorer countries to help make this energy transition.
Sara Shaw, climate justice and energy programme co-ordinator at Friends of the Earth International, said wealthy nations should "take the lead in genuine climate action".
We hope to see the governments and the industrial world take their responsibilities seriously and deliver their promises so the global population will not lose faith
Habiba Al Marashi,
Emirates Environmental Group
"That means pursuing a just and equitable transition away from all fossil fuels and providing finance to developing countries, rather than wasting time we don’t have on false solutions to the climate crisis, like carbon markets, unproven technofixes – geoengineering – and hydrogen energy. However, this will be highly challenging to achieve at this Cop," she said.
While some analysts have said that Cop28 could help to reform regulations around carbon markets – which allow the buying and selling of carbon credits to compensate for the release of greenhouse gases – Ms Shaw described them as a "dangerous distraction" that allowed major polluters to continue to pollute.
"Friends of the Earth International hopes to prevent damaging decisions on the global carbon market and efforts to include loopholes in any text about fossil fuel phase-out," she said.
Energy transition
Cop28 is especially significant because it is where the first global stocktake takes place – an assessment of what has been achieved so far with respect to climate action.
"We desperately hope that the global stocktake will be a rigorous assessment of climate action and gaps in action under the Paris Agreement, leading to a ratcheting up of ambition and co-operation on mitigation, technology and finance, with support for the global south," Ms Shaw said.
" … Legally binding and enforceable emissions reductions targets are needed, but it seems this argument has been lost to more bottom-up and voluntary approaches," she said.
Oxfam International, which campaigns against poverty, would like to see "a justice and inequality narrative" at Cop28, said Nafkote Dabi, the organisation’s climate change policy lead.
She said richer countries and corporations were "largely responsible for the climate crisis", but more than five billion people "mostly in the global south" were paying a higher price for it.
As part of the negotiations, there should be measures to ensure what Ms Dabi describes as a just energy transition and ambitious emissions reductions. The richest countries, she said, should phase out fossil fuels fastest.
"When we’re phasing out, we need energy. All countries need to set the goal of at least tripling renewables by 2030," she said.
In addition, she said she would like to see countries, especially the wealthier ones, address what she described as energy overconsumption.
Ms Dabi said that at Cop28 she wanted a clear commitment from wealthy countries on supporting poorer states with climate finance, including covering shortfalls from previous years when the amounts provided were less than the $100 billion a year that it was agreed was necessary at Cop15 in Copenhagen in 2009.
Most severe effects
Africa accounts for just 4 per cent of global emissions, yet suffers some of the most severe effects of climate change.
It raises the question, said Durrel Halleson, policy and partnerships manager for Africa at WWF, of why the continent should have to pay for the harms caused by climate change.
He said that the loss and damage fund, set up at Cop27 to help deal with the harms caused by climate change, should "take into account historical responsibility" for climate change.
"Those who have contributed to the problem of climate change should pay for it," he said.
Agreeing terms for the fund will be a key issue at Cop28 and Mr Halleson called for it to be an independent entity. Concerns have been raised about the involvement of the World Bank, which will administer the fund for the first four years.
Mr Halleson said he wanted Cop28 to "build a strong narrative between nature and climate" because, if the world is to stay within the target of limiting temperature rises to 1.5 °C above pre-industrial levels, "nature has a big role to play".
"The world needs to start shifting from the use of fossil fuel," he said. "We need to design a transition path that is not just moving to new energy sources, but a transition path that is built on justice and inclusion. In that way we might regain hope that Cop28 might get us back on track."
Habiba Al Marashi, chairwoman of Dubai-based Emirates Environmental Group, said she was keen for Cop28 to achieve "tangible outcomes" and not to rely on "flashy slogans".
"We hope to see the governments and the industrial world take their responsibilities seriously and deliver their promises so the global population will not lose faith in these big industrial nations," she said.
Ms Al Marashi said that she hoped Cop28 would be "a Cop of the people" in which the opinions of NGOs would be important considerations in the discussions held by governments and UN bodies.
"It looks like this is going to happen because there’s a lot of active research out from different UN agencies wanting to engage the NGOs," she said.
A key part of the Cop, she said, is that it considers a wide range of sectors, including, for example, health care, making it "a full-scale sustainability conference".
"I’m very optimistic with the leadership of our country that the commitments given at this Cop will have a proper way of implementation, not only at the national level, but on a global level," she said.
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Athlete and fitness trainer
Married, father of six
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Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn
Power drink: A glass of yoghurt
Role model: Any good man
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KILLING OF QASSEM SULEIMANI
COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
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RESULTS
4pm: Al Bastakiya Listed US$250,000 (Dirt) 1,900m
Winner: Yulong Warrior, Richard Mullen (jockey), Satish Seemar (trainer)
4.35pm: Mahab Al Shimaal Group 3 $200,000 (D) 1,200m
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5.10pm: Nad Al Sheba Conditions $200,000 (Turf) 1,200m
Winner: Jungle Cat, William Buick, Charlie Appleby
5.45pm: Burj Nahaar Group 3 $200,000 (D) 1,600m
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6.20pm: Jebel Hatta Group 1 $300,000 (T) 1,800m
Winner: Blair House, James Doyle, Charlie Appleby
6.55pm: Al Maktoum Challenge Round-3 Group 1 $400,000 (D) 2,000m
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7.30pm: Dubai City of Gold Group 2 $250,000 (T) 2,410m
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UAE v IRELAND
All matches start at 10am, and will be played in Abu Dhabi
1st ODI, Friday, January 8
2nd ODI, Sunday, January 10
3rd ODI, Tuesday, January 12
4th ODI, Thursday, January 14
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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.
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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.
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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.
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Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Mia Man’s tips for fermentation
- Start with a simple recipe such as yogurt or sauerkraut
- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.
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How it works
Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com
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Founded: 2017
Number of employees: 7
Sector: Aviation and space industry
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A list of the animal rescue organisations in the UAE
Our family matters legal consultant
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Company%20profile
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ITU Abu Dhabi World Triathlon
SCHEDULE FOR SHOW COURTS
Centre Court - from 4pm (UAE time)
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Engine: 2-litre turbocharged
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Torque: 390Nm
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1. Japan - Played 3, Won 3, Points 14
2. Ireland - Played 3, Won 2, Lost 1, Points 11
3. Scotland - Played 2, Won 1, Lost 1, Points 5
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Japan v Scotland – Sunday, 2.45pm
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In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
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Rating: 4/5
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Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.
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MATCH INFO
Champions League quarter-final, first leg
Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)
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Federer's 19 grand slam titles
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French Open (1 title) - 2009 bt Robin Soderling
Wimbledon (8 titles) - 2003 bt Mark Philippoussis; 2004 bt Andy Roddick; 2005 bt Andy Roddick; 2006 bt Rafael Nadal; 2007 bt Rafael Nadal; 2009 bt Andy Roddick; 2012 bt Andy Murray; 2017 bt Marin Cilic
US Open (5 titles) - 2004 bt Lleyton Hewitt; 2005 bt Andre Agassi; 2006 bt Andy Roddick; 2007 bt Novak Djokovic; 2008 bt Andy Murray
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Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991.
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