With only a day to go before Cop28 gets under way, the world is at a critical juncture in the fight against climate change. Record-shattering temperatures and devastating climate shocks have cost lives and livelihoods around the world, from prolonged wildfires in Chile to rampant hurricanes in Mexico, and intense flooding in Kenya and Somalia.
In this context, the agenda set by the incoming Cop28 Presidency, focusing on fast-tracking a just, equitable and orderly energy transition, is more than a strategy to tackle climate change. It is a moral imperative and, quite simply, a matter of survival.
The Paris Agreement provided us with a clear direction. And the science has since underscored the milestones we must reach by 2030. Now, our challenge lies in translating our targets into tangible, actionable steps to keep 1.5°C within reach.
We need to think bigger and implement quicker. We need to almost halve global carbon emissions by 2030. This calls for a dramatic increase in renewable energy deployment, a radical scaling-up of climate financing and a swift transition to new low-emission, sustainable economic models.
The energy transition is off track. To close the gap, the World Energy Transitions Outlook, a report published by the International Renewable Energy Agency, calls for a tripling of renewable energy and doubling of energy efficiency within the next seven years.
A rehearsal of 'Alya in Terraland,' a musical on climate change that will be open to all visitors of the Cop28 green zone at Expo City Dubai. The performance urges the audience to leave a positive impact on the environment. All photos: Khushnum Bhandari / The National
Hend Al Mheiri, director of special projects at Expo City Dubai, Marjan Faraidooni, chief of education and culture, Nadia Verjee, executive director of Expo Dubai Group, Matt Brown, chief of sustainability at Expo City Dubai, and Yousuf Caires, executive director of the Expo Live Innovation Programme announce Expo City Dubai's public programming for Cop28.
Hend Al Mheiri, director of special projects Expo City Dubai, said hosting Cop28 shows the UAE's commitment to working towards environmental sustainability and helping to address the global challenges of climate change.
A rehearsal at the Terra Pavilion, of the musical Alya in Terraland, at Expo City.
Cast members during the rehearsal of Alya in Terraland.
Reused material from palm trees has been used in Cop28 signs across Expo City Dubai.
Matt Brown, sustainability chief, Expo City Dubai (left) and Yousuf Caires, executive director, Expo Live Innovation Programme, share details of an organic farm and workshops on climate action open to all in the Cop28 green zone.
Ms Faraidooni says youth engagement is a key component of Cop28.
A 45-minute musical Alya in Terraland aims to inspire people to participate in climate discussions.
Sustainable material has been used in the Cop28 signs across Expo City Dubai.
In designing an inclusive energy future, we must deliver a scenario where energy access is universal and sustainable
When we talk about the energy transition and the goal of tripling renewables, we must remember what that means and the impact it can have. Hundreds of millions of people still live without basic energy access. About 675 million lack electricity and 2.3 billion are without clean cooking facilities, as highlighted in the UN’s most recent report on Sustainable Development Goals.
Set against this challenging socio-economic backdrop, we have an opportunity to design an inclusive energy future. But, in designing this future, we must imagine and deliver a scenario where energy access is universal and sustainable.
This requires policies that foster not just energy access, but clean energy access for all, with those most disproportionately affected by climate disasters at the forefront of this transition. We must help those already left behind by today’s energy system at the same time as ensuring those at risk of being marginalised in this shifting energy landscape are included in the future energy system.
In this sense, the transition to a system powered by renewable energy presents an extraordinary opportunity to build resilience, empower communities, catalyse economic growth and improve lives and livelihoods across the board. Renewables are available everywhere, offering countries socio-economic benefits and enhancing energy security.
Cop28 marks the year of the first Global Stocktake, in which the world reflects on its progress in implementing the Paris Agreement. It is vital that collective action be galvanised following this key milestone in our journey toward a climate-safe existence.
A key component of delivering this future is a Global Energy Pledge at Cop28 – a commitment to triple renewable energy capacity and double energy efficiency by 2030, as recommended by Irena’s World Energy Transitions Outlook. This pledge, proposed by the Cop28 Presidency can help create a future energy system that is rid of unabated fossil fuel production and consumption by mid-century.
The success of Cop28 hinges on translating commitments into actionable solutions.
With renewables, we have the cost-competitive, immediately deployable technological solutions at hand to achieve the 1.5°C temperature limit. Now, Irena has identified five key enablers to accelerate the energy transition.
First, we need holistic policy frameworks that promote renewable power solutions and energy efficiency measures. Second, enhancing the sustainability of global supply chains is crucial to develop a skilled workforce capable of delivering energy access for all.
Third, financing is key. We must mobilise public and private finance to support this ambitious expansion of renewable energy solutions. Fourth, international collaboration is vital. We need to foster collective action and knowledge sharing on governance, climate finance, and innovation.
Finally, infrastructure development is essential. We need to expand and modernise existing electricity infrastructure and build systems that are fit for renewables.
We have seen what is possible in the UAE. In the eight years since 2015, when the country’s total renewable energy capacity stood at just 100 megawatts, the Emirates has become a regional powerhouse of renewable energy production, and home to three of the world’s largest and lowest-cost solar power plants.
Today, the UAE’s total installed renewable energy capacity stands at more than 4 gigawatts, with the country on-track to triple this capacity to 14 GW by 2030. And as the first country in the Gulf that committed to net-zero by 2050, we expect the UAE’s green economy to only expand further. It shows what can be done when the planning, infrastructure, investment and political will to develop sustainable economic models is in place.
Our journey to a net-zero, climate resilient future runs via the tripling of renewable energy capacity by 2030. We have less than minutes to midnight as we hurtle ever closer to eclipsing the critical 1.5C warming limit set out in the Paris Agreement. As we head into Cop28 in our hour of need, the international community must unite to turn ambition into action for a just, inclusive and equitable global energy transition.
Top tips
Create and maintain a strong bond between yourself and your child, through sensitivity, responsiveness, touch, talk and play. “The bond you have with your kids is the blueprint for the relationships they will have later on in life,” says Dr Sarah Rasmi, a psychologist.
Set a good example. Practise what you preach, so if you want to raise kind children, they need to see you being kind and hear you explaining to them what kindness is. So, “narrate your behaviour”.
Praise the positive rather than focusing on the negative. Catch them when they’re being good and acknowledge it.
Show empathy towards your child’s needs as well as your own. Take care of yourself so that you can be calm, loving and respectful, rather than angry and frustrated.
Be open to communication, goal-setting and problem-solving, says Dr Thoraiya Kanafani. “It is important to recognise that there is a fine line between positive parenting and becoming parents who overanalyse their children and provide more emotional context than what is in the child’s emotional development to understand.”
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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.”
Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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.
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024. It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine. Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages]. The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts. With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians. Following the single’s success, the idea to stage a rock concert evolved. Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world. The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
Results
3pm: Maiden Dh165,000 (Dirt) 1,400m, Winner: Lancienegaboulevard, Adrie de Vries (jockey), Fawzi Nass (trainer).
3.35pm: Maiden Dh165,000 (Turf) 1,600m, Winner: Al Mukhtar Star, Adrie de Vries, Fawzi Nass.
4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
