Those who had hoped for a fast-track adoption of the ­Paris Agreement in Marrakech were disappointed. Fadel Senna / AFP
Those who had hoped for a fast-track adoption of the ­Paris Agreement in Marrakech were disappointed. Fadel Senna / AFP

The UAE rises to the challenge of climate change



This month, the 22nd round of negotiations under the United Nations Framework Convention on Climate Change, Cop 22, came to a close in Marrakech.

The agenda of the meeting was crowded, as Marrakech was widely seen as the first opportunity to put into operation the Paris Agreement that was negotiated in December last year.

Those who had hoped for a fast-track adoption of the ­Paris Agreement in Marrakech were – expectedly, perhaps – disappointed. So were those hoping that Marrakech would tackle one of the key unresolved issues: the question of who will pay for climate mitigation and adaptation efforts in those countries that cannot afford to do so out of their own pockets.

The clash between developing countries’ expectations for concrete financial commitments from developed countries – such as a dedicated climate fund – and the reality of climate politics in many richer, industrialised nations has been one of the biggest obstacles to fast climate action that involves every nation.

The ascendancy of Republican Donald Trump, who is reportedly looking into ways of withdrawing the United States’ support for the Paris Agreement after he takes office in January, has not been helpful.

Parties to the meeting in Marrakech effectively endorsed previously stated objectives. These include the mobilisation of $100 billion (Dh367bn) a year in climate finance in the period 2020-2025. However, there is no effective mechanism to collect and channel this money to developing countries. It is ­also unclear whether finance is available in developed countries.

Failure to agree on climate finance could become expensive for everyone.

A recent United Nations Environment Programme report emphasises the difficulty of adequately estimating the costs for global adaptation to climate change, but suggests that the required financial resources could be three times higher than expected for the period 2010–2030, and four to five times higher for the period up to 2050.

This indicates that the costs of adaptation could range from $140bn to $300bn by 2030, and between $280bn and $500bn by 2050.

This does not include the cost of acting on the damage that will have been done by droughts and other extreme weather phenomena, acidic waterways, and the loss of habitat and agricultural stock.

One of the positive signs is that some of the fossil fuel-rich economies of the Middle East have started to endorse climate action.

Alongside conference host Morocco, the UAE has arguably been the Arab world’s most vocal proponent of positive climate action.

It has done so by acknowledging at the highest levels the urgency of climate action; promoting sustainable urban development practices and regulatory frameworks aimed at increasing energy efficiency; and through the pursuit of more proactive policies to increase the share of climate-friendly renewable sources in the energy mix.

This is a strong indicator not only of the importance of political will, but also of the development opportunities associated with climate-friendly growth whose benefits will be reaped by future generations.

But to get there, a lot more action is needed. In common with other countries that have endorsed the Paris Agreement, the UAE can now start implementing the right mix of incentives to create more energy-efficient housing and transport systems.

With Masdar City, this country already has an experimental platform for modern urban design, lessons from which could be transferred to future building projects with much greater rigour.

The Gulf economies may not be the world’s largest emitters, but they can provide examples of good conduct when it comes to tackling climate change. Further industrial and energy growth will eventually need to go hand-in-hand with policies to contain energy waste and the pollution of our natural habitat.

Our vulnerability to climate change means that, in the end, we are all in the same boat.

Laura El Katiri is a consultant in Abu Dhabi specialising in economic, energy and environmental policy

On Twitter: @lauraelkatiri

AIDA RETURNS

Director: Carol Mansour

Starring: Aida Abboud, Carol Mansour

Rating: 3.5./5

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

HOW TO WATCH

Facebook: TheNationalNews

Twitter: @thenationalnews

Instagram: @thenationalnews.com

TikTok: @thenationalnews  

In numbers

Number of Chinese tourists coming to UAE in 2017 was... 1.3m

Alibaba’s new ‘Tech Town’  in Dubai is worth... $600m

China’s investment in the MIddle East in 2016 was... $29.5bn

The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn

Boost to the UAE economy of 5G connectivity will be... $269bn 

MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

The specs

Engine: 2.3-litre 4cyl turbo
Power: 299hp at 5,500rpm
Torque: 420Nm at 2,750rpm
Transmission: 10-speed auto
Fuel consumption: 12.4L/100km
On sale: Now
Price: From Dh157,395 (XLS); Dh199,395 (Limited)

DUBAI BLING: EPISODE 1

Creator: Netflix

Stars: Kris Fade, Ebraheem Al Samadi, Zeina Khoury

Rating: 2/5

Sanju

Produced: Vidhu Vinod Chopra, Rajkumar Hirani

Director: Rajkumar Hirani

Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani

Rating: 3.5 stars

Sweet Tooth

Creator: Jim Mickle
Starring: Christian Convery, Nonso Anozie, Adeel Akhtar, Stefania LaVie Owen
Rating: 2.5/5

THE SPECS

Jaguar F-Pace SVR

Engine: 5-litre supercharged V8​​​​​​​

Transmission: 8-speed automatic

Power: 542bhp​​​​​​​

Torque: 680Nm​​​​​​​

Price: Dh465,071

Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.

COMPANY PROFILE

Company name: Sav
Started: 2021
Founder: Purvi Munot
Based: Dubai
Industry: FinTech
Funding: $750,000 as of March 2023
Investors: Angel investors

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

The pillars of the Dubai Metaverse Strategy

Encourage innovation in the metaverse field and boost economic contribution

Develop outstanding talents through education and training

Develop applications and the way they are used in Dubai's government institutions

Adopt, expand and promote secure platforms globally

Develop the infrastructure and regulations

UAE currency: the story behind the money in your pockets
Set-jetting on the Emerald Isle

Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

UK - UAE Trade

Total trade in goods and services (exports plus imports) between the UK and the UAE in 2022 was £21.6 billion (Dh98 billion). 

This is an increase of 63.0 per cent or £8.3 billion in current prices from the four quarters to the end of 2021.

 

The UAE was the UK’s 19th largest trading partner in the four quarters to the end of Q4 2022 accounting for 1.3 per cent of total UK trade.

The specs: 2018 Alfa Romeo Stelvio

Price, base: Dh198,300
Engine: 2.0L in-line four-cylinder
Transmission: Eight-speed automatic
Power: 280hp @ 5,250rpm
Torque: 400Nm @ 2,250rpm
Fuel economy, combined: 7L / 100km

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

The five pillars of Islam

The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.

Teaching your child to save

Pre-school (three - five years)

You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.

Early childhood (six - eight years)

Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.

Middle childhood (nine - 11 years)

Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.

Young teens (12 - 14 years)

Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.

Teenage (15 - 18 years)

Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.

Young adulthood (19 - 22 years)

Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.

* JP Morgan Private Bank