John Kerry's essential Cop28 lessons for the climate


Damien McElroy
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Live updates: Follow the latest news on Cop28

From climate change activists prowling Cop28 for snatched video clips, to state leaders seeking to agree on commitments, John Kerry has touched most parts of the UN-led talks this weekend.

The steelwool grey bob of the former US senator and presidential candidate has been everywhere. And, as he likes to remind his audience, he has been at the centre of most acts of climate diplomacy for two decades.

Mr Kerry looked up the cladding of the Rove Hotel in Dubai’s Expo 2020 and remarked how the rippling tower resembled the cascades of a nuclear tower.

The assembled crowd on the first floor sun deck laughed.

He had noted the President Emmanuel Macron of France was running late and made an apology for not being a head of state. He reminded the crowd that he “came close” in 2004 when opponent George W Bush was re-elected as a war president.

Not long after though there he was a conference room with President Macron where the US and France agreed to join the Powering Past Coal alliance to phase out “unabated coal” as “absolutely essential” for meeting the 1.5°C target.

Hours later he was in conference room of entrepreneurs and philanthropists at the Bloomberg Forum talking about how the renewable energy jobs in the US are absorbing the transferable job skills of workers leaving the extractive industry.

John Kerry speaks during a philanthropy forum as part of the Cop28 programme in Dubai
John Kerry speaks during a philanthropy forum as part of the Cop28 programme in Dubai

Cop28 has seen a series of far-reaching announcements to double down on the Net Zero carbon goals. Working closely with Cop28 President Dr Sultan Al Jaber, Mr Kerry has been at the heart of most of the big-ticket announcements.

US President Joe Biden, only a few years older than his envoy, has not travelled to the summit.

It was left to Vice President Kamala Harris to make the big announcement that the US was adding $3bn to the Green Climate Fund, the flagship global fund for adaptation to the climate crisis.

The announcement came after the US suffered a backlash for a comparatively paltry donation of $17.5m to the surprise breakthrough of a Loss and Damage Fund.

Indefatigable energy is par of the course for the 79-year-old Mr Kerry who was marching around in temperatures in the high 20s.

In Europe’s February freeze he was spotted carrying his own bags at a security forum in Munich.

As a former presidential candidate he can weave his own narrative around his audience.

Speaking to the launch event for a drive to triple the output of the nuclear industry by 2050, he recalled how he served in a navy group that included nuclear-powered aircraft carriers, something that the US pioneered in the 1950s but that has not been brought to the wider shipping world. (The ocean shipping trade is estimated to be responsible for at least three per cent of greenhouse gas emissions and only just promised net zero this summer.)

A seasoned campaigner Mr Kerry, who was also secretary of state, has a stock argument that shifts shapes between audiences.

At the Cop28 meeting it is a report that was published in 2018 that said the world had 12 years to radically change direction or loose the battle overall.

“This was five years ago,” he exclaims with a hand spread out.

John Kerry has said he hopes leaders can triple global nuclear capacity by 2050. AP
John Kerry has said he hopes leaders can triple global nuclear capacity by 2050. AP

Mr Kerry is not catastrophist. He is 100 per cent sure the world will get to a low/no carbon economy.

“What I’m not certain and I don’t think anyone can be certain that we are going to get there in time to do what the scientists told us to do in the 2018 report,” he said.

For each audience there is a twist. The video ambush saw the activist told that the US was indeed part of the G7 move to phase out fossil fuels, whatever the final communique from Cop28 may resolve.

On stage at the Rove, the former Navy Seal told the story about serving alongside a nuclear-powered vessel in his early 20s.

For the philanthropists, he recalled that the word "methane" was not mentioned in the 2015 Paris talks that set the 1.5°C global warming limit.

It was one of a bunch of “hard to abate” sectors that were judged too hard for the negotiators to broach. “They were hard because for a bunch of years they were just ignored.

Mr Kerry had just joined the US to China and the UAE in backing a methane declaration, the Oil and Gas Decarbonisation Charter, by leading operators, which calls for net zero emissions by 2050 or before.

The firms will also aim for “near-zero” upstream methane emissions and zero routine flaring by 2030.

Needless to say, Mr Kerry could be seen huddled with oil firms leaders like Bob Dudley and Nigeria’s oil boss Malam Mele Kyari, only a few days before pushing for the initiative.

Underpinning it all is the strength of his convictions. It is the same spirit as the military veteran turned anti-Vietnam War showed calling on Congress to end the conflict in the early 1970s.

“How do you ask a man to be the last man to die,” he asked a silent Senate.

When wars to protect the sources of energy ends, Mr Kerry foresees a better life for all. “In fact, you even have a chance of staying alive,” he added.

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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HAJJAN
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Results

6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m; Winner: Ghaiyyath, William Buick (jockey), Charlie Appleby (trainer).

7.05pm: Handicap $135,000 (T) 1,600m; Winner: Cliffs Of Capri, Tadhg O’Shea, Jamie Osborne.

7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m; Winner: Down On Da Bayou, Mickael Barzalona, Salem bin Ghadayer.

8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m; Winner: Zakouski, James Doyle, Charlie Appleby.

8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.

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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The biog

Favourite book: Animal Farm by George Orwell

Favourite music: Classical

Hobbies: Reading and writing

 

Haircare resolutions 2021

From Beirut and Amman to London and now Dubai, hairstylist George Massoud has seen the same mistakes made by customers all over the world. In the chair or at-home hair care, here are the resolutions he wishes his customers would make for the year ahead.

1. 'I will seek consultation from professionals'

You may know what you want, but are you sure it’s going to suit you? Haircare professionals can tell you what will work best with your skin tone, hair texture and lifestyle.

2. 'I will tell my hairdresser when I’m not happy'

Massoud says it’s better to offer constructive criticism to work on in the future. Your hairdresser will learn, and you may discover how to communicate exactly what you want more effectively the next time.

3. ‘I will treat my hair better out of the chair’

Damage control is a big part of most hairstylists’ work right now, but it can be avoided. Steer clear of over-colouring at home, try and pursue one hair brand at a time and never, ever use a straightener on still drying hair, pleads Massoud.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Barings Bank

 Barings, one of Britain’s oldest investment banks, was
founded in 1762 and operated for 233 years before it went bust after a trading
scandal. 

Barings Bank collapsed in February 1995 following colossal
losses caused by rogue trader Nick Lesson. 

Leeson gambled more than $1 billion in speculative trades,
wiping out the venerable merchant bank’s cash reserves.  

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3Etwo%20permanent%20magnet%20synchronous%20motors%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Etwo-speed%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E625hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%3Cbr%3E%3Cstrong%3ERange%3A%20%3C%2Fstrong%3E456km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh737%2C480%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
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

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

Feeding the thousands for iftar

Six industrial scale vats of 500litres each are used to cook the kanji or broth 

Each vat contains kanji or porridge to feed 1,000 people

The rice porridge is poured into a 500ml plastic box

350 plastic tubs are placed in one container trolley

Each aluminium container trolley weighing 300kg is unloaded by a small crane fitted on a truck

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

World%20Food%20Day%20
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Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

In numbers

Number of Chinese tourists coming to UAE in 2017 was... 1.3m

Alibaba’s new ‘Tech Town’  in Dubai is worth... $600m

China’s investment in the MIddle East in 2016 was... $29.5bn

The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn

Boost to the UAE economy of 5G connectivity will be... $269bn 

Updated: December 02, 2023, 4:03 PM