As the UN tells the world the planet has entered a new era of "global boiling", what does the term mean and how will it affect life in the near future?
July 6 is reported to have been the hottest day on Earth since mean global temperatures were first calculated in 1979, reaching an average temperature of 17.18ºC, data from the US Centres for Environmental Prediction indicates.
While that number is well below the scientific boiling point of 100ºC that turns water from liquid into gas, "global boiling" is a term recently used to underline the severity of climate change.
Record-breaking temperature
According to the Climate Change Institute, the average global air temperature has risen from 16.25ºC on July 25 from 1979 to 2000, to 17.14ºC on July 25 this year.
July is on course to become the hottest month since records began.
The global average has been calculated using data gleaned from about 20,000 weather stations, ocean vessels, buoys and satellites for the past 44 years.
Records of the planet’s surface temperature date back to the mid-ninth century, when measurements of near-surface air temperatures from weather stations were combined with data recorded from the ocean surface by ships and buoys.
To evaluate temperatures before then, scientists relied on proxy data recorded through evidence left behind in ice cores and tree rings of ancient forests.
Global temperatures are evaluated each year by scientists who examine data sets from four main outlets.
They are the UK Met Office Hadley Centre and the University of East Anglia’s Climatic Research Unit, the Nasa Goddard Institute for Space Sciences and the National Oceanic and Atmospheric Administration, as well as the Japan Meteorological Agency.
Dangerous combination
This current era of global boiling, which the UN now says is upon us, is largely a result of a dangerous combination of climate change, the return of the El Nino weather pattern and the onset of summer in the Northern Hemisphere.
El Nino is associated with above average temperatures and is half of a weather cycle that alternates every three to seven years called La Nina.
Pacific trade winds fluctuate, changing the course of warm water from the ocean, bringing more extreme weather in winter and summer.
Extreme weather
This year it has led to record air temperatures across Southern Europe and wildfires in tinder-dry woodlands in Greece, Spain, Portugal and Croatia – as well as parts of North Africa – although some fires are suspected to have been arson-related.
Millions of people have been also affected across Asia, the US and Canada by above average temperatures.
The concept of global boiling reflects a transition from global warming, towards a more intense period of heatwaves, climate-related disasters and extreme weather patterns.
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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.
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
The finalists
Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho
Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson
Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)
Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)
Club of the Year: Bayern Munich, Liverpool, Real Madrid
Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)
Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola
How to play the stock market recovery in 2021?
If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.
Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.
Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.
Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).
Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal.
Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.
By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.
As demand for energy fell, the oil and gas industry had a tough year, too.
Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.
He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.”
This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”
Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
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THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
On sale: now
More from Neighbourhood Watch
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
MATCH INFO
Jersey 147 (20 overs)
UAE 112 (19.2 overs)
Jersey win by 35 runs
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How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Uefa Nations League
League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands
League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey
League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania
League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar