Dr Sultan Al Jaber speaking at the Road to Cop28 launch event at Al Wasl Plaza on Thursday. Pawan Singh / The National
Dr Sultan Al Jaber speaking at the Road to Cop28 launch event at Al Wasl Plaza on Thursday. Pawan Singh / The National
Dr Sultan Al Jaber speaking at the Road to Cop28 launch event at Al Wasl Plaza on Thursday. Pawan Singh / The National
Dr Sultan Al Jaber speaking at the Road to Cop28 launch event at Al Wasl Plaza on Thursday. Pawan Singh / The National

Cop28: UAE launches drive to ensure youths are at centre of crucial summit


John Dennehy
  • English
  • Arabic

The UAE is spearheading an initiative to ensure youths are at the heart of the fight against climate change.

The country is to sponsor 100 international youth delegates to attend the crucial Cop28 climate summit in Dubai.

It will prioritise those from the least developed countries, small island developing states, indigenous peoples and other minority groups from across the world.

Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and President-designate of Cop28, on Wednesday unveiled the drive at Expo City Dubai, where he addressed climate advocates, people of determination, foreign dignitaries and business leaders at Al Wasl Plaza.

“I am excited to announce the International Youth Climate Delegate Programme for Cop28,” said Dr Al Jaber, whose job it is to guide and shape the crucial talks.

“This initiative will give a special focus to least developed countries and small island states. And it will give all participants the training, resources and opportunity to advocate on behalf of their countries and communities,” he said.

“We may not know what the future holds ─ but we know who holds the future. It is you — our young people.”

Driving change

The drive will be overseen by the Cop28 Youth Climate Champion team in partnership with Youngo, the youth arm of the UN Framework Convention on Climate Change.

It aims to ensure youth perspectives are the heart of global policymaking and become a role model for future Cops.

Those who make the grade will gain a front-row seat to climate negotiations, gain a deeper understanding of the Cop process and participate in the crucial talks.

Participants must be between 18 and 35, demonstrate a commitment to climate issues and ideally have experience in the area.

Applications opened on Wednesday and close on April 7. Anyone interested can apply on www.cop28.com

“Everywhere I go, I make a point of meeting young people and I’m encouraged by what I hear time and again,” said Dr Al Jaber.

“You want to be involved. You want to be included. You want to contribute. You want to make a difference.”

Dr Al Jaber also called on all parties of the UNFCCC to “include young people in your delegations and give them the opportunity to participate in a meaningful way”.

It came on the day the UAE formally fired the starting gun for the journey to Cop28.

The day-long event at Expo City Dubai sought to build momentum with only eight months to go before the key climate summit from November 30 to December 12.

A conversation between Shamma Al Mazrui, Minister of Community Development and Cop28 Youth Climate Champion; Razan Al Mubarak, UN Climate Change High-level Champion; Mariam Al Mheiri, Minister of Climate Change and Environment; and Shreya KC, a Nepalese representative for Youngo, the official youth arm of the UNFCCC, outlined the challenge to cut emissions.

They also discussed how measures to protect nature are crucial to the fight and how those most vulnerable to climate change need to have their voice heard at the summit.

Workshops and debates

In line with the announcement, the event had a strong emphasis on youths. It featured climate workshops for schoolchildren, youth debates on climate change, a sustainable marketplace, farming and cooking stations and intergenerational dialogue with senior citizens.

It drew involvement from schools, universities, youth climate advocates, sustainable farmers and key actors to galvanise action ahead of the crucial climate talks.

“As future leaders, future scientists, future entrepreneurs and future climate activists, your energy and your youth is what will make the difference,” Dr Al Jaber told the audience at Al Wasl Plaza.

“Learn as much as you can about the climate challenge. Bring your passion, your focus and your courage to the task of meeting that challenge and turn it into an opportunity.

You can bring the energy that turns problems into possibilities. We are counting on you to help deliver real results. Together, let’s connect minds and co-create a better future for all.”

Last year’s Cop climate summit in Egypt resulted in the creation of a loss and damage fund that aims to help developing countries deal with the consequences of climate change.

However, questions remain about how it will operate and who pays into the fund are set be addressed at Cop28.

The Dubai summit will also seek to hasten progress on cutting emissions and scale up funding for adaptation measures.

It will also feature, for the first time, what is known as a “global stocktake”. This is will be the first assessment of global progress on tackling climate change since the 2015 Paris agreement.

All these strands of climate talks set the scene for a tough summit starting in November.

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Sour%20Grapes
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3EZakaria%20Tamer%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESyracuse%20University%20Press%3Cbr%3E%3Cstrong%3EPages%3A%20%3C%2Fstrong%3E176%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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.

ASHES SCHEDULE

First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)

The%20National%20selections
%3Cp%3E6pm%3A%20Barakka%3Cbr%3E6.35pm%3A%20Dhahabi%3Cbr%3E7.10pm%3A%20Mouheeb%3Cbr%3E7.45pm%3A%20With%20The%20Moonlight%3Cbr%3E8.20pm%3A%20Remorse%3Cbr%3E8.55pm%3A%20Ottoman%20Fleet%3Cbr%3E9.30pm%3A%20Tranquil%20Night%3C%2Fp%3E%0A

Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

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.”

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Letswork%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EOmar%20Almheiri%2C%20Hamza%20Khan%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20co-working%20spaces%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%242.1%20million%20in%20a%20seed%20round%20with%20investors%20including%20500%20Global%2C%20The%20Space%2C%20DTEC%20Ventures%20and%20other%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20about%2020%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses

Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

Updated: March 16, 2023, 7:08 AM