“If you don’t reduce enough between 2020 and 2030, the scientists tell us we can’t get where we need to go … this is really what Glasgow is about – the last best hope to do what scientists tell us we must which is avoid the worst consequences of climate by making decisions now and implementing them now.”
This was the stark warning that John Kerry, appointed by US President Joe Biden as his special envoy for climate, gave me this year to describe the significance of the international gathering that is beginning in Glasgow on Monday.
Cop26 – the 26th Conference of the Parties – is a UN meeting that will bring together representatives of more than 190 countries with only one aim: tackling climate change.
Glasgow is my home city. It's a city forged by the coal, iron and steam of the Industrial Revolution that, like others around the world, is now making the transition to a lower carbon future. And, as Glaswegians, we are excited to be welcoming the world this week.
I know Glasgow: and my political work means I know climate talks. I’m familiar with how these UN climate conferences work … or don’t. I was in the room as part of the UK ministerial delegation at a previous Cop in Copenhagen. That conference, despite being branded “Hopeinhagen”, infamously ended in acrimony.
Since then there has been the landmark 2015 Paris climate convention, which set a 1.5°C global temperature increase target.
Glasgow will be the first real test of whether the approach agreed at Paris is working and is sustainable. The Glasgow conference is about putting more flesh on the bones. It aims to entrench the limit of an atmospheric temperature rise to 1.5°C by more countries making more ambitious pledges to cut carbon emissions more quickly. There will be a lot of hard negotiating in the days ahead and money will be key to unlocking any agreement.
Disappointment is possible, just look at Copenhagen over a decade ago. Difficult geopolitics meant that the countries represented were unable to resolve their differences, and so, at the end of the conference, the world came apart rather than together. Instead of achieving a historic agreement, Copenhagen ended in fiasco.
To the dismay of the British hosts, China’s President Xi Jinping, Japan’s new Prime Minister Fumio Kishida, and Russia’s President Vladimir Putin, have all decided to stay away. Those are worrying absences for this critical climate conference.
To gain a sense as to why this conference nonetheless matters so much, I asked Mr Kerry to try to explain. His answer was unequivocal: “Mother Nature herself has been sending an awful lot of messages to people around the world. Hotter, hotter, hotter everywhere, fires, floods, incredible intensity to the storms, more moisture in the rainfall. There are a lot of indicators, all of which confirm what scientists have told us is going to be happening.”
Those scientists have now made clear how big a difference a small rise in global temperature can make.
Christiana Figueres, the Costa Rican climate negotiator credited with designing the landmark agreement reached at the Paris Cop in 2015, explained: “There is a catastrophic difference between a world that heats an extra 2°C [above pre-industrial levels] versus a world that heats an extra 1.5°C, with two completely different qualities of life for humans, for all species on this planet.”
Alok Sharma, the UK minister who will lead the negotiations has, as president of Cop26, confirmed to me that the central task in Glasgow will be to agree policies to reduce carbon emissions by enough to limit the world’s temperature rise “to 1.5°C” above pre-industrial levels.
The conference will seek to make progress on phasing out coal and protecting forests, but insiders see that attempt to limit a global temperature rise to 1.5°C as the test of Cop26's success or failure. The real and present danger in the coming days is that Glasgow marks the global gathering when a 1.5°C temperature rise slips out of the world’s reach.
So, if the stakes are so high, can one conference really make the huge and necessary difference?
Before or during the conference, each country represented makes a pledge on how much and by when they will reduce the amount of carbon that they pump into the atmosphere.
Each country signs up to a long-term goal and sets out its immediate actions. For example, how quickly it will embrace renewable power or phase out petrol engines in cars.
This approach – in which each country makes a specific public pledge – was devised six years ago at the Paris Cop. Now, with the Glasgow conference delayed by a year by Covid-19, the problem is that, even if every state delivered on its commitment from 2015, science is unanimous it won’t be enough to avoid dangerous climate change.
Is Cop26 a diplomatic disaster in the making or are there grounds for optimism? The UN has reported recently that the nationally determined contributions (NDCs) submitted before Glasgow simply aren’t ambitious enough.
At Copenhagen in 2009, rich countries pledged to provide $100 billion a year to poor countries to help them to adapt to climate change. A dozen years on, as climate change hits many impoverished countries first and worst, that promise has still to be kept.
Despite this, little wonder that leaders from the Global South have arrived in Glasgow determined that rich nations must pay more.
UN Secretary General Antonio Guterres last week warned: “The time has passed for diplomatic niceties. If all governments – especially G20 governments – do not stand up and lead efforts against the climate crisis, we are headed for terrible human suffering.”
While many argue publicly that Cop26 is the last chance to keep “1.5°C alive”, some governments are already planning privately to say at the end of the Glasgow conference that Cop27 in 2022 – likely to be in Sharm El Sheikh, Egypt – will soon become the next “last chance” to align national commitments with what the scientists say is required.
A “might-have-been” moment is not good enough and the 196 countries must to come together to do what the science demands remains unclear.
As Mr Kerry told me: “There’s not a lack of capacity technologically to be able to make things happen. There is a lack of willpower, a lack of political leaderships’ vision. What happens in the conference is everything.
“So, in the meeting rooms, in the halls, will be efforts by various stakeholders to argue out what is fair, what they are capable of doing, what they could do if there was more money on the table – that’s where it will finally come together.
“What we hope to achieve in Glasgow is a raising of ambition. This is the greatest test of global citizenship of universal values and principles I can think of.”
Will the world pass that test? In the coming days, we will find out. In the coming decades, we will all feel whether it did.
Former UK Development Secretary Douglas Alexander is a senior fellow at Harvard University’s Kennedy School of Government and a Visiting Professor at NYU Abu Dhabi.
MATCH INFO
Burnley 0
Man City 3
Raheem Sterling 35', 49'
Ferran Torres 65'
CHATGPT%20ENTERPRISE%20FEATURES
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MATCH INFO
Day 2 at the Gabba
Australia 312-1
Warner 151 not out, Burns 97, Labuschagne 55 not out
Pakistan 240
Shafiq 76, Starc 4-52
Killing of Qassem Suleimani
The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
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.”
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
UAE currency: the story behind the money in your pockets
Traces%20of%20Enayat
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Iman%20Mersal%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20And%20Other%20Stories%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3C%2Fp%3E%0A
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5
Vikram%20Vedha
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Gayatri%2C%20Pushkar%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Hrithik%20Roshan%2C%20Saif%20Ali%20Khan%2C%20Radhika%20Apte%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%C2%A0%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
Who is Ramon Tribulietx?
Born in Spain, Tribulietx took sole charge of Auckland in 2010 and has gone on to lead the club to 14 trophies, including seven successive Oceania Champions League crowns. Has been tipped for the vacant New Zealand national team job following Anthony Hudson's resignation last month. Had previously been considered for the role.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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%20PROFILE
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COMPANY%20PROFILE
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SPEC SHEET
Display: 6.8" edge quad-HD dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz
Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core
Memory: 8/12GB RAM
Storage: 128/256/512GB/1TB
Platform: Android 12
Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW
Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps
Front camera: 40MP f/2.2
Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare
Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC
I/O: USB-C
SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano
Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red
Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE