Michael Pawlyn delivers a lecture at Majlis Mohamed bin Zayed in Al Bateen Palace. Photo: UAE Presidential Court
Michael Pawlyn delivers a lecture at Majlis Mohamed bin Zayed in Al Bateen Palace. Photo: UAE Presidential Court
Michael Pawlyn delivers a lecture at Majlis Mohamed bin Zayed in Al Bateen Palace. Photo: UAE Presidential Court
Michael Pawlyn delivers a lecture at Majlis Mohamed bin Zayed in Al Bateen Palace. Photo: UAE Presidential Court

Majlis Mohamed bin Zayed: Sustainability efforts must be net positive, says architect


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One of the world's most renowned architects has said sustainability efforts must go beyond doing things that are “less bad”.

Michael Pawlyn, who was part of the principal team that conceived and designed the Eden Project eco visitor attraction in Cornwall, England, was speaking at the latest Majlis Mohamed bin Zayed, in Abu Dhabi on Friday.

The lecture, titled A Sustainable Future Inspired by Nature, explored how the natural world can inspire people to move to a new level of sustainability.

The talk aimed to reflect the determination of the UAE and its leadership to pursue all opportunities to safeguard the environment.

Sheikh Khaled bin Zayed (third left) attended the lecture by architect Michael Pawlyn (fourth left) on Friday. Photo: UAE Presidential Court
Sheikh Khaled bin Zayed (third left) attended the lecture by architect Michael Pawlyn (fourth left) on Friday. Photo: UAE Presidential Court

The event was attended by Sheikh Khaled bin Zayed, Chairman of the Zayed Higher Organisation for People of Determination.

At the event, Mr Pawlyn said all building designs should endeavour to be “net positive”.

“Our future sustainability efforts must go beyond doing things that are 'less bad' and instead should endeavour to be net positive,” he said.

“For example, by designing buildings that take more carbon out of the atmosphere than they emit and generate more clean energy than they use.”

The 56-year-old British architect, known for his work on regenerative design and biomimicry, said the shift would require us to rethink our relationship with nature.

“Instead of considering ourselves separate from nature, humanity's future progress will depend on the health of natural systems that provide us with the essentials of life.”

The talk also explored how nature already possesses solutions to modern problems as the planet has benefited from 3.8 billion years of evolutionary refinement.

Mr Pawlyn highlighted recent architecture and design projects inspired by nature, including the Sahara Forest Project in Jordan, of which he was a co-founder, which created a way to supply water, food and renewable energy to hot, arid regions.

The lecture was moderated by Saood Al Noori, head of diplomatic engagement at the Office of the UAE Special Envoy for Climate Change, and featured pre-recorded contributions from Dr Nawal Al-Hosany, permanent representative of the UAE to the International Renewable Energy Agency; Habiba Al Marashi, co-founder and chairperson of the Emirates Environmental Group; and Mohamed Al Marzooqi, a communications specialist in nature, the environment and sustainability.

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

Results

2.15pm: Maiden (PA) Dh40,000 1,200m

Winner: Maqam, Fabrice Veron (jockey), Eric Lemartinel (trainer).

2.45pm: Maiden (PA) Dh40,000 1,200m

Winner: Mamia Al Reef, Szczepan Mazur, Ibrahim Al Hadhrami.

3.15pm: Handicap (PA) Dh40,000 2,000m

Winner: Jaahiz, Fabrice Veron, Eric Lemartinel.

3.45pm: Handicap (PA) Dh40,000 1,000m

Winner: Qanoon, Szczepan Mazur, Irfan Ellahi.

4.15pm: Sheikh Hamdan bin Rashid Cup Handicap (TB) Dh200,000 1,700m.

Winner: Philosopher, Tadhg O’Shea, Salem bin Ghadayer.

54.45pm: Handicap (PA) Dh40,000 1,700m

Winner: Jap Al Yassoob, Fernando Jara, Irfan Ellahi.

Company profile

Name: Oulo.com

Founder: Kamal Nazha

Based: Dubai

Founded: 2020

Number of employees: 5

Sector: Technology

Funding: $450,000

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.”

Updated: October 28, 2023, 9:24 AM