The vastness and age of the Earth’s oceans make it easy to think of them as indestructible. They have covered most of the planet’s surface for 3.8 billion years. They are so deep, and consequently so unexplored, that scientists estimate we have only “discovered” fewer than 10 per cent of the species living there.
And yet, most – if not all – of these species have discovered something about us. Today, there is almost no part of the ocean that has been left undamaged by human activity. At least a quarter of our carbon emissions end up in the deep sea, where they alter pH and oxygen levels, disturbing delicate ecosystems. At the surface, the most remote patches of the ocean have become repositories for our rubbish. We dump around 14 million tons of plastic into the sea every year; when it doesn’t float as “marine debris”, it often ends up in the stomachs of fish, turtles and other aquatic life. And this is to say nothing of other threats, such as chemical waste and unsustainable fishing practices.
At the UN Ocean Conference, which opened on Monday in Nice, governments will be hoping to turn decades of promises to do better into concrete steps to protect the seas from further harm. French President Emmanuel Macron, who delivered the conference’s keynote, spoke of moving “from words to deeds”.
The rallying point for activists, NGOs and scientists is the so-called 30x30 pledge, which calls for 30 per cent of the world’s oceans to be declared marine protected areas – restricting human activity there – by 2030. The UAE signed onto the 30x30 campaign five years ago, but global progress has moved slowly; at present, a mere 2.7 per cent of the planet’s ocean area is protected.
The most remote patches of the ocean have become repositories for our rubbish
One of the pathways 30x30 advocates see to success is global ratification of an agreement known as the High Seas Treaty, which would enable, among other things, the establishment of marine protected areas in international waters. Only a third of the world’s ocean area falls within countries’ territorial waters, where responsible governments can enforce strict rules to safeguard the environment. International waters, however, lack much in the way of rules, governance and enforcement – something marine conservationists say has to change if we are to take the plight of our oceans seriously.
The UN conference is set to discuss a range of other issues, such as blue finance, deep sea mining and funding for island states to adapt to climate change. But expanding marine protected areas is the feature item on the agenda for good reason.
Giving the seas – or at least, 30 per cent of them – a break from the excesses of humankind does not just prevent more harm. It is also likely to repair much of the harm already done. While oceans are not indestructible, they do have immense self-healing power when they are allowed to use it and human activity is restricted. As the world-renowned naturalist Sir David Attenborough notes in his new film Ocean, released in the Middle East to coincide with World Oceans Day on Sunday: “Wherever we have given the ocean time and space, it has recovered faster and on a greater scale than we dared to imagine possible.”
UAE currency: the story behind the money in your pockets
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The biog
Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.