In his address to the World Government Summit, Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, articulated the UAE’s response to criticism from some activists of Dr Sultan Al Jaber’s appointment as President-Designate of Cop28.
Sheikh Saif outlined why the group chief executive of Adnoc, one of the world’s largest national oil companies, is the best person to lead the deliberations at the largest global climate conference. If recent events in the UAE are any indication, Cop28, to be held in Expo City Dubai in November, is set to be the best-ever edition of the Conference of Parties.
Sheikh Saif pointed out that Dr Al Jaber has been at the forefront of the UAE’s efforts to ensure the right balance between energy production and environmental preservation. He helped establish Masdar and led its mission to advance the adoption of renewable energy and clean technologies locally and globally. One of the world’s largest developers of renewable energy projects, Masdar is making significant contributions to expanding energy access in emerging markets and reducing reliance on fossil fuels. Dr Al Jaber also led a transformational initiative to embed sustainability at the heart of Adnoc’s operations. All these achievements made him the best choice for the UAE’s Special Envoy for Climate Change, a role he currently holds.
Dr Al Jaber’s track record will make him an effective leader at Cop28 in facilitating the negotiations necessary for uniting the world in taking ambitious and practical actions to resolve global environmental challenges.
To gauge the importance of what the UAE is trying to achieve, we need to first understand the challenges that previous Cop conferences faced, especially before the breakthroughs achieved at Cop21 in Paris in 2015 and Cop27 in Sharm El Sheikh, Egypt last autumn.
The failed attempts of western nations to impose a carbon tax on oil-producing countries in the late 80s and early 90s was aimed at making them bear the full responsibility of carbon emissions resulting from the use of fossil fuels. The move would have absolved the role of oil-importing nations, especially industrialised countries, in global emissions. To resolve the stalemate, the global community began discussions to hold an international conference to reach a consensus on tackling climate challenges. This led to the organisation of the UN Conference on Environment and Development, also known as the Earth Summit, in Rio de Janeiro, which marked the 20th anniversary of the Stockholm Agreement and the launch of the UN Environment Programme in 1972. The Rio Summit established the UN Framework Convention on Climate Change and set the Cop process rolling.
To gauge the importance of what the UAE is trying to achieve, we need to first understand the challenges that previous Cop conferences faced
The Earth Summit issued the Rio Declaration on environment and development aimed at reaffirming the Declaration of the UN Conference on the Human Environment, adopted in Stockholm in June 1972. The Declaration was a progressive statement that promoted principles such as the centrality of human beings to the concerns of sustainable development and the importance of the environment for current and future generations. It also outlined the responsibility of nations to ensure that their activities do not cause damage to the environment of other nations and areas beyond their jurisdictions.
Starting in 1995, Cops were held annually to bring together three parties – governments, civil society organisations and universities – aimed at reaching common ground on actions needed to protect the environment and limit the consequences of climate change.
These conferences rose in importance with the adoption of the Kyoto Protocol in 1997, which operationalised the UN Framework Convention on Climate Change by committing industrialised nations to legally binding reductions in greenhouse gas emissions of 6-8 per cent between 2008 and 2012. However, the US Congress delivered a fatal blow to the process when it refused to ratify the agreement despite then president Bill Clinton signing it in 1998. His successor, George W Bush, rejected the Protocol.
By 2012, when the emission cuts stipulated in the Protocol were supposed to have been achieved, Cop18 in Doha failed to reach an agreement on an amended version that stipulated a 15 per cent reduction of carbon dioxide emissions by 2020. A handful of nations, including the US, refused to accept this pledge on the pretext of excluding China, India and Brazil from it.
However, there was a breakthrough at Cop21 in 2015, when 55 nations signed the Paris Agreement, aimed at holding the average global temperature increase to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels. Additionally, governments committed to reducing greenhouse gas emissions and their carbon output. Despite the success, then US president Donald Trump withdrew from it in a setback to efforts to forge global consensus on climate change action.
Discussions at subsequent Cops were characterised by a “blame game” in which rich nations blamed poor ones, developed countries blamed developing ones, and oil consumers blamed oil producers. Intergovernmental discussions at these conferences ended in failure.
Cop26, held in 2021 in Glasgow after a one-year delay due to the Covid-19 pandemic, saw sharp criticism from civil society groups allegedly acting at the behest of some western governments seeking to impose their conditions on the conference. These countries were able to impose their points of view with the final statement of the conference mentioning fossil fuels as the main causes of climate crises. The statement promoted a biased narrative that put the blame for environmental challenges on oil-producing nations and downplayed the role of oil-consuming countries.
Going into Cop26, poorer nations had renewed their calls for financial help from richer nations to adapt to the effects of climate change. They also sought to establish a fund for developed countries to compensate developing ones for areas harmed by climate impacts. But the discussions failed to make significant progress on both issues.
Negotiations were renewed at Cop27 in Sharm El Sheikh, where disagreements were more pronounced than before, as key western nations refused to address their moral obligations. A proposal to phase out all fossil fuels was not approved, while negotiations went down to the wire regarding climate finance. Nevertheless, Cop27 ended with a historic decision to establish and operationalise a loss and damage fund, particularly for nations most vulnerable to the climate crisis, based on a Chinese proposal.
However, participating nations failed to reach an agreement on ways to keep the average global temperature rise within 1.5°C. They also couldn’t agree on financing the protection of forests. Further, members couldn’t agree on whether China and India are obligated to help countries affected by emissions or countries eligible for climate finance.
Cop28 provides another opportunity to discuss these vital issues. Drawing from his experience of leading Adnoc’s transition to a more sustainable model and steering Masdar’s renewable energy projects, Dr Sultan Ahmed Al Jaber will lead negotiations on adopting an inclusive, action-oriented global approach to combating climate change.
His experience gives him an understanding of the role of hydrocarbon companies in advancing environmental preservation and facilitating energy transition at a time when the global economy continues to be dependent on fossil fuels, at least in the short term.
Dr Al Jaber’s experience in the renewable energy sector places him in the best position to understand the critical requirements for reducing emissions and limiting the average temperature increase on the planet. His informed perspectives and 360-degree understanding of the positions of various parties make him ideally suited to mediate negotiations between nations at the global conference.
Jessica Obeid, senior global adviser for London-based consultancy Azure Strategy, regards this approach as a "much-needed policy alignment”. Dr Al Jaber’s multiple roles represent the various elements at play in this era of energy transition. Ms Obeid says that an adequate transition should involve all sectors, including the oil and gas industry, and low-carbon technologies must be developed and deployed in this industry.
It’s also worth noting that despite being an oil producer, the UAE’s economy is not entirely dependent on revenues from its hydrocarbon resources, with 70 per cent of its GDP coming from non-oil sectors. All of this adds to the country’s impeccable environmental credentials and its status as a nation committed to abiding by the Rio Declaration’s principles.
The criticism of Dr Al Jaber’s appointment by some civil society groups reflects their unwillingness to explore practical solutions to climate change. Their remonstrations focus on blaming the oil and gas sector alone for climate change, ignoring the role the industry can play in promoting sustainable growth. They also fail to address the disastrous impact the abrupt suspension of oil and gas production can have on the global economy, especially in the absence of suitable alternatives.
As Dr Al Jaber has reiterated, the world needs to work together to reduce emissions from current energy sources while simultaneously expanding production capacities for clean energy, enabling sustainable economic growth, and involving everyone, especially developing countries, in finding solutions to climate change.
The UAE’s clear vision gives us the hope that Cop28 will generate positive outcomes. It is our duty to contribute to the success of this conference, given that its discussions will have a lasting impact on the future of humanity.
Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
2019 Asian Cup final
Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%E2%80%9D%20flexible%20Amoled%2C%202412%20x%201080%2C%20394ppi%2C%20120Hz%2C%20Corning%20Gorilla%20Glass%205%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20MediaTek%20Dimensity%207200%20Pro%2C%204nm%2C%20octa-core%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2014%2C%20Nothing%20OS%202.5%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2050MP%20main%2C%20f%2F1.88%20%2B%2050MP%20ultra-wide%2C%20f%2F2.2%3B%20OIS%2C%20EIS%2C%20auto-focus%2C%20ultra%20XDR%2C%20night%20mode%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2030fps%2C%20full-HD%20%40%2060fps%3B%20slo-mo%20full-HD%20at%20120fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2032MP%20wide%2C%20f%2F2.2%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%205000mAh%3B%2050%25%20in%2030%20mins%20w%2F%2045w%20charger%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Google%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Fingerprint%2C%20face%20unlock%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP54%2C%20limited%20protection%20from%20water%2Fdust%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual-nano%20SIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Black%2C%20milk%2C%20white%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Nothing%20Phone%20(2a)%2C%20USB-C-to-USB-C%20cable%2C%20pre-applied%20screen%20protector%2C%20SIM%20tray%20ejector%20tool%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%20(UAE)%3A%3C%2Fstrong%3E%20Dh1%2C199%20(8GB%2F128GB)%20%2F%20Dh1%2C399%20(12GB%2F256GB)%3C%2Fp%3E%0A
ENGLAND SQUAD
Team: 15 Mike Brown, 14 Anthony Watson, 13 Ben Te'o, 12 Owen Farrell, 11 Jonny May, 10 George Ford, 9 Ben Youngs, 1 Mako Vunipola, 2 Dylan Hartley, 3 Dan Cole, 4 Joe Launchbury, 5 Maro Itoje, 6 Courtney Lawes, 7 Chris Robshaw, 8 Sam Simmonds
Replacements 16 Jamie George, 17 Alec Hepburn, 18 Harry Williams, 19 George Kruis, 20 Sam Underhill, 21 Danny Care, 22 Jonathan Joseph, 23 Jack Nowell
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.5-litre%20twin-turbo%20V6%20%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E456hp%20at%205%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E691Nm%20at%203%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%20%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E14.6L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh349%2C545%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
MATCH INFO
Real Madrid 3 (Kroos 4', Ramos 30', Marcelo 37')
Eibar 1 (Bigas 60')
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
PULITZER PRIZE 2020 WINNERS
JOURNALISM
Public Service
Anchorage Daily News in collaboration with ProPublica
Breaking News Reporting
Staff of The Courier-Journal, Louisville, Ky.
Investigative Reporting
Brian M. Rosenthal of The New York Times
Explanatory Reporting
Staff of The Washington Post
Local Reporting
Staff of The Baltimore Sun
National Reporting
T. Christian Miller, Megan Rose and Robert Faturechi of ProPublica
and
Dominic Gates, Steve Miletich, Mike Baker and Lewis Kamb of The Seattle Times
International Reporting
Staff of The New York Times
Feature Writing
Ben Taub of The New Yorker
Commentary
Nikole Hannah-Jones of The New York Times
Criticism
Christopher Knight of the Los Angeles Times
Editorial Writing
Jeffery Gerritt of the Palestine (Tx.) Herald-Press
Editorial Cartooning
Barry Blitt, contributor, The New Yorker
Breaking News Photography
Photography Staff of Reuters
Feature Photography
Channi Anand, Mukhtar Khan and Dar Yasin of the Associated Press
Audio Reporting
Staff of This American Life with Molly O’Toole of the Los Angeles Times and Emily Green, freelancer, Vice News for “The Out Crowd”
LETTERS AND DRAMA
Fiction
"The Nickel Boys" by Colson Whitehead (Doubleday)
Drama
"A Strange Loop" by Michael R. Jackson
History
"Sweet Taste of Liberty: A True Story of Slavery and Restitution in America" by W. Caleb McDaniel (Oxford University Press)
Biography
"Sontag: Her Life and Work" by Benjamin Moser (Ecco/HarperCollins)
Poetry
"The Tradition" by Jericho Brown (Copper Canyon Press)
General Nonfiction
"The Undying: Pain, Vulnerability, Mortality, Medicine, Art, Time, Dreams, Data, Exhaustion, Cancer, and Care" by Anne Boyer (Farrar, Straus and Giroux)
and
"The End of the Myth: From the Frontier to the Border Wall in the Mind of America" by Greg Grandin (Metropolitan Books)
Music
"The Central Park Five" by Anthony Davis, premiered by Long Beach Opera on June 15, 2019
Special Citation
Ida B. Wells
More from Rashmee Roshan Lall
Abu Dhabi GP Saturday schedule
12.30pm GP3 race (18 laps)
2pm Formula One final practice
5pm Formula One qualifying
6.40pm Formula 2 race (31 laps)
Our House, Louise Candlish,
Simon & Schuster
The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
Killing of Qassem Suleimani
Killing of Qassem Suleimani
Race card
1.45pm: Maiden Dh75,000 1,200m.
2.15pm: Maiden Dh75,000 1,200m.
2.45pm: Handicap Dh95,000 1,200m.
3.15pm: Handicap Dh120,000 1,400m.
3.45pm: Handicap Dh80,000 1,400m.
4.15pm: Handicap Dh90,000 1,800m.
4.45pm: Handicap Dh80,000 1,950m.
The National selections:
1.45pm: Galaxy Road – So Hi Speed
2.15pm: Majestic Thunder – Daltrey
2.45pm: Call To War – Taamol
3.15pm: Eqtiraan - Bochart
3.45pm: Kidd Malibu – Initial
4.15pm: Arroway – Arch Gold
4.35pm: Compliance - Muqaatil
RACE RESULTS
1. Valtteri Bottas (FIN/Mercedes) 1hr 21min 48.527sec
2. Sebastian Vettel (GER/Ferrari) at 0.658sec
3. Daniel Ricciardo (AUS/Red Bull) 6.012
4. Lewis Hamilton (GBR/Mercedes) 7.430
5. Kimi Räikkönen (FIN/Ferrari) 20.370
6. Romain Grosjean (FRA/Haas) 1:13.160
7. Sergio Pérez (MEX/Force India) 1 lap
8. Esteban Ocon (FRA/Force India) 1 lap
9. Felipe Massa (BRA/Williams) 1 lap
10. Lance Stroll (CAN/Williams) 1 lap
11. Jolyon Palmer (GBR/Renault) 1 lap
12. Stoffel Vandoorne (BEL/McLaren) 1 lap
13. Nico Hülkenberg (GER/Renault) 1 lap
14. Pascal Wehrlein (GER/Sauber) 1 lap
15. Marcus Ericsson (SWE/Sauber) 2 laps
16. Daniil Kvyat (RUS/Toro Rosso) 3 laps
ITU Abu Dhabi World Triathlon
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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.”
UAE currency: the story behind the money in your pockets
Evacuations to France hit by controversy
- Over 500 Gazans have been evacuated to France since November 2023
- Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
- The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
- Artists and researchers fall under a programme called Pause that began in 2017
- It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
- Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
- Unlike students, they are allowed to bring their families to France