Razan Al Mubarak is the president of the International Union for Conservation of Nature. Antonie Robertson/The National
Razan Al Mubarak is the president of the International Union for Conservation of Nature. Antonie Robertson/The National
Razan Al Mubarak is the president of the International Union for Conservation of Nature. Antonie Robertson/The National
Razan Al Mubarak is the president of the International Union for Conservation of Nature. Antonie Robertson/The National

Razan Al Mubarak: indigenous people and youth must be empowered to protect biodiversity


Jamie Prentis
  • English
  • Arabic

Indigenous communities and young people must be empowered in order to protect the world’s biodiversity, says Razan Al Mubarak, the president of the International Union for Conservation of Nature.

While many threats to biodiversity are global – for instance climate change and wildlife trafficking – Ms Mubarak said many were local, highlighting the importance of “small, targeted” funding that could be better used by communities and authorities.

“We talk about empowerment. Two particular groups give me hope,” Ms Mubarak, who is also the managing director of the Mohamed bin Zayed Species Conservation Fund and Abu Dhabi’s Envrionment Agency, told the Paris Peace Forum.

“Indigenous peoples, they occupy the most biodiverse corners of our planet. In fact, they occupy areas that have 80 per cent of biodiversity globally.

“So for me, it's an absolute no-brainer to genuinely empower indigenous communities, not just as an afterthought, but really as part and parcel of the strategic planning for protected areas.”

Ms Mubarak said indigenous groups would help implement the 30 by 30 initiative, which seeks to designate 30 per cent of the planet as protected or conservation areas by 2030.

“The other group is youth. I’ve spent a number of years now engaging with youth. Youth have the energy, have new ideas on how best to engage on both the climate change agenda and the biodiversity agenda.”

On finance, she said it perhaps should be looked at on two levels. On a macro level to tackle the broader, bigger issues, but also at getting funding to the micro level.

“Sometimes the micro level is not sophisticated or big enough to accept large financial donations. We need small targeted financial donations that are able to be received by communities, by local governments” and can be effectively implemented.

Much of the global focus in recent weeks has been on the Cop26 UN climate summit in Glasgow, where world leaders and negotiators are seeking to agree ambitious action to keep global warming to a minimum.

Ms Mubarak said nature-based solutions to climate change had the ability to significantly mitigate the emissions that are blamed for global warming.

There is no one nature-based solution, but they can include efforts to address poor land or resource use, and support sustainable farming.

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  8. Argyll and Bute, Scotland 
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Dir: Shashanka Ghosh
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Verdict: 4 Stars

The Outsider

Stephen King, Penguin

While you're here
THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

Turkish Ladies

Various artists, Sony Music Turkey 

Avatar: Fire and Ash

Director: James Cameron

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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.”

Did you know?

Brunch has been around, is some form or another, for more than a century. The word was first mentioned in print in an 1895 edition of Hunter’s Weekly, after making the rounds among university students in Britain. The article, entitled Brunch: A Plea, argued the case for a later, more sociable weekend meal. “By eliminating the need to get up early on Sunday, brunch would make life brighter for Saturday night carousers. It would promote human happiness in other ways as well,” the piece read. “It is talk-compelling. It puts you in a good temper, it makes you satisfied with yourself and your fellow beings, it sweeps away the worries and cobwebs of the week.” More than 100 years later, author Guy Beringer’s words still ring true, especially in the UAE, where brunches are often used to mark special, sociable occasions.

Updated: November 14, 2021, 3:36 AM