A partially dried-up river bed during a drought in Nanchang, China, last year. Reuters
A partially dried-up river bed during a drought in Nanchang, China, last year. Reuters
A partially dried-up river bed during a drought in Nanchang, China, last year. Reuters
A partially dried-up river bed during a drought in Nanchang, China, last year. Reuters


Cop28's inclusive approach to fighting climate change


Dherar Belhoul
Dherar Belhoul
  • English
  • Arabic

February 28, 2023

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.

Cop21 in Paris eight years ago saw a major breakthrough. AP Photo
Cop21 in Paris eight years ago saw a major breakthrough. AP Photo
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.

The Adnoc building in Abu Dhabi is lit up to celebrate the Cop28 announcement. Abu Dhabi Media Office
The Adnoc building in Abu Dhabi is lit up to celebrate the Cop28 announcement. Abu Dhabi Media Office

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.

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

T20 World Cup Qualifier

October 18 – November 2

Opening fixtures

Friday, October 18

ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya

Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE

UAE squad

Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan

Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed

Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed

Directed: Smeep Kang
Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
Rating: Two out of five stars 

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
THE BIO:

Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.

Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.

Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.

Personal motto: Believe it and you can achieve it.

States of Passion by Nihad Sirees,
Pushkin Press

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 720hp

Torque: 770Nm

Price: Dh1,100,000

On sale: now

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

Updated: February 28, 2023, 5:00 AM