Earth Hour
Earth Hour
Earth Hour
Earth Hour

Earth Hour to place a spotlight on the link between global pandemic and the health of our planet


Selina Denman
  • English
  • Arabic

At 8.30pm on Saturday, lights will dim around the world as individuals, businesses and leaders unite to mark Earth Hour.

The annual event encourages people to switch off all lights and non-essential electrical appliances for one hour in a bid to reduce their carbon footprint. But, as the event's website states: “It is so much more than that. It is a symbol of unity. It is a symbol of hope. It is a symbol of power in collection action for nature.”

It’s an event that is meant to encourage people to reflect on the importance of nature and the role that we can all play in protecting our planet. And this year, people are also being encouraged to reflect on the link between the health of our planet and the global health crisis that we are currently living through.

''Whether it is a decline in pollinators, fewer fish in the ocean and rivers, disappearing forests or the wider loss of biodiversity, the evidence is mounting that nature is in free fall. And this is because of the way we live our lives and run our economies. Protecting nature is our moral responsibility but losing it also increases our vulnerability to pandemics, accelerates climate change, and threatens our food security," says Marco Lambertini, director general of WWF International.

"We must stop taking nature for granted, respect its intrinsic value, and – importantly – value the crucial services it provides to our health, wellbeing and economy. We need to unite and take urgent action now to set nature on the path to recovery and secure a nature-positive world, while supporting climate action. By acting for nature, we can all create a healthier, fairer and more sustainable world.”

This is a message reiterated by Eva Zabey, executive director for Business for Nature. "Covid-19 has given us a stark warning of the risks, vulnerabilities and inequalities of our interconnected systems – and what’s at stake for everyone if we cannot mobilise action.

Residents are encouraged to switch off lights as part of Earth Hour. Courtesy Deliveroo
Residents are encouraged to switch off lights as part of Earth Hour. Courtesy Deliveroo

“Leading companies recognise they need to act now to both cut greenhouse gas emissions and reverse nature loss by 2030. Earth Hour is taking place during a critical year, when world leaders are due to agree an ambitious global agreement on nature. Let us use this symbolic moment to think about how we work together – across society, business and government – to change our course towards a nature-positive, net-zero and equitable future.”

Famous landmarks around the world, including the Eiffel Tower, Tokyo Skytree, Hong Kong's Victoria Harbour, Brandenburg Gate in Berlin, St Peter's Basilica in Vatican City, the Colosseum in Rome and Sydney Opera House will be switching off their lights on Saturday, in a symbolic gesture in support of Earth Hour.

THE BIO

Occupation: Specialised chief medical laboratory technologist

Age: 78

Favourite destination: Always Al Ain “Dar Al Zain”

Hobbies: his work  - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”

Other hobbies: football

Favorite football club: Al Ain Sports Club

 

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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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

England squad

Joe Root (captain), Alastair Cook, Keaton Jennings, Gary Ballance, Jonny Bairstow (wicketkeeper), Ben Stokes (vice-captain), Moeen Ali, Liam Dawson, Toby Roland-Jones, Stuart Broad, Mark Wood, James Anderson.

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5