Solar panels on the roof of the Congress Center ahead of the World Economic Forum in Davos, Switzerland. The annual gathering of political leaders, top executives and celebrities runs from May 22 to 26. Bloomberg
Solar panels on the roof of the Congress Center ahead of the World Economic Forum in Davos, Switzerland. The annual gathering of political leaders, top executives and celebrities runs from May 22 to 26. Bloomberg
Solar panels on the roof of the Congress Center ahead of the World Economic Forum in Davos, Switzerland. The annual gathering of political leaders, top executives and celebrities runs from May 22 to 26. Bloomberg
Solar panels on the roof of the Congress Center ahead of the World Economic Forum in Davos, Switzerland. The annual gathering of political leaders, top executives and celebrities runs from May 22 to 2


Davos could propel crucial climate action


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May 23, 2022

Six months ago, at the Cop26 climate summit in Glasgow, there was a united and necessary buzz around the need for climate action, and for all countries to do more to avert an environmental catastrophe. Countries largely agreed to push their national targets higher, whether by vowing net neutrality by 2050 or by offsetting carbon scores. There was a widely felt agreement for individual nations to do more for the collective, long-term health of the planet.

But since February, with Ukraine and Russia dominating headlines, countries have had to understandably adjust their priorities. The pace of climate action talks has arguably slowed a notch to help avert a more immediate humanitarian catastrophe, which is inseparable also from a wheat shortage and a looming global food crisis.

But as the war in Europe will soon have been on for three months, having begun on February 24, the world cannot afford to indefinitely turn its back on climate action. Global leaders and executives who will meet at the annual World Economic Forum at Davos this week know this all too well.

Borge Brende, the WEF president, even called it the most complex geopolitical and geo-economic backdrop in decades – considering the Ukraine war, the climate emergency, a weakening outlook for global economic growth, inflation and the recovery from Covid-19 are among many of the world's current challenges.

The importance of leaders meeting at Davos goes some way to set a global agenda. US climate envoy John Kerry will be in attendance, as will environment ministers from around the globe to discuss more action on global warming. The WEF plays an important role in directing investors to pressing issues such as the environment that, perhaps, cannot realistically be countered without durable private-public partnerships and commitments to mitigate climate change.

As a reminder of the role all countries must play, just this past week at a conservation event in Dubai, Sheikh Nahyan bin Mubarak, Minister of Tolerance and Co-existence, said the global community had a "moral imperative" to protect the environment for future generations. And several projects are already under way as explained at the same event by Mariam Al Mheiri, Minister of Climate Change and Environment, referencing the UAE's National Food Security Strategy, the National Strategy to Combat Desertification, and the UAE General Environmental Policy.

The UAE has been a keen advocate of climate action, evident not least in its pledge to achieve net zero by 2050, the first country in the region to do so, as well as the many crucial steps taken in that direction, and the position the country has earned to host next year's global climate summit Cop28.

Green goals are a clear priority in the UAE at the highest levels of governance. Sheikha Shamma bint Sultan spoke last week of tackling climate change by pushing for a circular economy. The granddaughter of the late UAE president, Sheikh Khalifa, said she is committed to continuing the sustainability legacy started by her grandfather.

Everywhere in the world, climate action is on people's minds. In his election victory speech on Saturday, Australia's Prime Minister-elect, Anthony Albanese, pledged to turn things around in his country, one of the world’s biggest per capita carbon emitters. Mr Albanese’s Labour Party has promised a 43 per cent reduction in carbon emissions, significantly increasing the previous government's target of 26-28 per cent by 2050.

Across the world, hearteningly, there are positive signs that climate commitments could be on track for 2050. And even as it is not conceivable that massive national infrastructure overhauls, such as changes in energy generation, take place overnight or in short periods of time, it remains to be seen how much a forum such as the one in Davos this week can generate the will and the funds in the medium to long term to increased targets at an accelerated pace. Global stakeholders will need to unite and contribute to a crucial common cause – of effectively allowing for the planet to keep its cool. It is the path to ensure that future generations are indeed safeguarded.

UAE currency: the story behind the money in your pockets
Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

If you go

The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.

Cherry

Directed by: Joe and Anthony Russo

Starring: Tom Holland, Ciara Bravo

1/5

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.
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Updated: May 23, 2022, 5:04 AM