From cutting carbon emissions to stopping deforestation, many of the deadlines set at Cop26 in Glasgow are for 2030 or beyond.
This may seem a long way off, but countries already behind on previous pledges will need a "gear change" if they are to have any hope of meeting them, experts have told The National.
That makes the year ahead crucial for the world’s efforts to limit global warming.
A month on from the global climate conference in Scotland, what needs to be done in 2022 to keep the key pledges on track?
1. Phase down coal
Many countries agreed to phase down the use of coal and cut carbon emissions to net zero within differing timescales.
But the pledges fell far short of what is needed to limit warming to 1.5ºC above pre-industrial levels.
If the current plans were fully implemented, the increase would still be 2.4ºC, according to Climate Action Tracker research group.
This would mean sea levels rising by more than half a metre, nearly all coral reefs being lost and agricultural yields falling rapidly. Wildfires, floods and droughts would worsen.
To keep the goal of 1.5ºC in sight, countries agreed to review and strengthen their pledges to cut carbon emissions in 2022.
As the UK still holds the Cop presidency – until it passes the baton to Egypt next year – it is responsible for ensuring countries act on their promises.
“I would anticipate emails and letters going to the representatives of all the countries,” said Sir David King, the British government’s former chief scientist, told The National.
The correspondence should remind delegates of their existing pledges and urge them to come forward with new nationally determined contributions, which are carbon emission targets set out by each country, he said.
“Many countries made a pledge to get to net zero by 2050,” he said. “I would be keen to see – if I was in the presidency – that every country is asked to set out its strategy for meeting that commitment.
“In other words, we have to make sure countries are not simply making commitments for future governments to achieve, rather than themselves.”
The UAE has committed to reaching net-zero emissions by 2050, making it the first state in the Middle East and North Africa region to do so.
For emissions cuts to be politically acceptable, the transition out of coal has to be a socially just one, which doesn’t leave coal-dependent communities behind.
“It’s about creating alternative employment and economic activity in regions where you might see coal production going down,” said Prof Jim Skea, co-chair of the Intergovernmental Panel on Climate Change working group III.
South Africa could provide a model for other developing countries looking for a fair transition out of coal.
We have to make sure countries are not simply making commitments for future governments to achieve rather than themselves
Sir David King
The country, a major carbon emitter, announced it had secured to $8.5 billion from wealthier nations at Cop26.
The funds would be used to “decarbonise” South Africa’s economy, in particular its electricity system. It would also support workers and coal-reliant communities while financing the electric car and green hydrogen sectors.
Observers will watch with great interest in 2022, amid hopes that South Africa could provide a model for other countries.
“Globally, the big challenge around moving out of coal is probably India,” said Prof Skea. “I think that would be the big challenge, in terms of a ‘just transition’ because there are parts of India that are very reliant on coal.”
Building on renewable energy, investing in carbon capture and storage and increasing energy efficiency in buildings – particularly in cold countries – will also be important in 2022, he added.
Globally, there has been “a big move” towards the electrification of vehicles, which has the added public appeal of reducing air pollution in smog-filled cities, Prof Skea said.
“That’s not only people in wealthy countries with four wheelers,” he said. “There is a big move with two wheelers in places like India and the developing world.”
2. Give $100bn a year to developing countries
Back in 2009, wealthy nations pledged to give poorer countries $100bn a year by 2020 to help them adapt to climate change and make the transition to low-carbon.
That promise was not fulfilled.
The delay, coupled with the fact that some funds were provided as loans instead of direct aid, has led to poor nations losing trust in rich countries, said Mr King.
“We need to see the realisation of $100bn a year,” he said. “We need to keep explaining to the developed world that the mistrust created by this is causing real problems.”
For example, at Cop26 the wording of a key pledge was changed from “phase out” of coal to “phase down”. India was one country accused of pushing for this change.
Danae Kyriakopoulou, senior policy fellow at the Grantham Research Institute on Climate Change and the Environment, London School of Economics, pointed to problems caused by a lack of support for those countries that are willing to make the transition to a greener economy but have limited resources to do so.
In the next 12 months, providing support for emerging markets and developing economies to shift away from carbon should be a “priority”, she said.
A report commissioned by Alok Sharma, the Cop26 president, said that current trends show “developed countries making significant progress towards the US$100bn goal in 2022”.
Campaigners at British charity Oxfam have called for funds to be given as grants rather than loans, to avoid saddling poorer nations with debt.
It’s also important to see more “transparency” regarding long-term climate financing ahead of Cop 27, said Mouhamadou Bamba Sylla, research chair in climate change science at the African Institute for Mathematical Sciences, Rwanda.
3. Cut methane
Methane is the second largest contributor to global warming. A large proportion of it comes from leakages in oil, gas and coal facilities.
Using existing technology to capture and reuse leaked methane could reduce the energy sector’s emissions by 40 to 50 per cent by 2030 – much of it at a low cost, said a report by the UN environment programme.
“If you captured the methane and sold it to a customer, the value of the revenue would actually more than compensate for reducing the methane leakages,” said Prof Skea.
“So, I think the methane pledge is pushing a bit of an open door.”
The Oil and Gas Climate Initiative, which includes multinationals as well as state owned energy companies, has already taken up methane reduction as a priority, he said.
“It’s not going to cost them a lot of money and they can get an awful lot of credibility from it.”
Agriculture, including livestock and rice paddies, is the predominant source of methane emissions.
The way to reduce methane from livestock would be for the world to eat less meat, said Mr King.
But that would be a “very difficult challenge”, as the global middle-class population is growing and bringing with in a greater appetite for beef.
Pressure group Global Citizen has also called for more investment in regenerative agriculture, which is more in harmony with nature, in 2022.
4. Stop deforestation
A hundred countries, including Brazil, signed a pledge to stop and reverse deforestation by 2030.
Protecting rainforests is vital as trees absorb carbon dioxide. However, a football pitch-sized area of rainforest was being cleared every minute in Brazil, according to satellite images in July. Much of it is done for cattle grazing.
“The rate of [rainforest] loss is increasing per year in Brazil,” said Mr King. “So, the commitment by the Brazilian government, we need to make sure that commitment becomes real.”
Meticulously gathering evidence on how far each country has come on the Glasgow pledges will be important next year.
The Climate Crisis Advisory Group, founded by Mr King, is planning to release a series of reports tracking the progress made by different governments since Cop26.
Its findings will be released to the public.
“That’s one way of putting pressure on governments to deliver,” he said.
Climate Action Tracker, which monitors countries’ climate policies, has also rated nations on how well they are doing in terms of limiting global warming to 1.5 degrees.
Iran, Russia and Singapore were on the list of states rated as being “critically insufficient” in meeting this aim. Efforts by the UK, the Gambia, Kenya and Morocco, were rated “almost sufficient”. No country was rated sufficient or better.
5. Stop carbon subsidies
More than $420bn a year is spent on subsidising fossil fuels around the world, according to the UN Development Programme.
This is four times the amount of money being pledged to help poor countries tackle climate change.
In some countries, taxpayers subsidise the use of fossil fuels to, for example, make cooking gas cheaper. Some nations also subsidise fossil fuel production, often to protect jobs in that sector.
At Cop26, global leaders agreed to phase out “inefficient” fossil fuel subsidies.
Next year, developed countries need to lead in agreeing on carbon pricing, said Ms Kyriakopoulou, of the London School of Economics.
This will be a big priority for next year’s G7 agenda under Germany’s presidency, she added. “Getting this right in 2022 will be a big win,” she said.
In 2022, world leaders need to stop financing coal and put in place bigger plans for funding green energy, said Rachel Kyte, dean of The Fletcher School at Tufts University, US.
“The price of climate change is being paid by ordinary men and women already, in every country around the world,” said Ms Kyte, who is a former group vice president and special envoy on climate change for the World Bank.
She added that if action is not taken to keep the pledges on track, then we would be letting ourselves, our children and other species down.
“If the focus before Glasgow was on the ambition gap – the focus must now be on the potential implementation gap too,” she said.
“Pledges are one thing, reducing emissions, bolstering adaptation and financing loss and damage are another. And all countries need a gear change to implement their commitments.”
Case study: flooding in Senegal
Aida Sarr, 40, lives on the front line in the fight against climate change.
Homes in her community on the island of Maya in Senegal’s Saloum Delta have been flooded, she said.
“Our animals have no meadow … even the track which leads to the island of Djirnda is in a very bad condition and that sometimes leads to accidents.”
She said children often miss lessons because they can't get to school in the neighbouring community of Djirnda.
When she first arrived on Maya in 1998, there were many trees. Now, there are none.
“Even the grass dries up due to the rise in sea levels, making the soil saltier,” said Ms Sarr.
A community development worker and mother of five, she works at the local “health hut” on Maya.
Rising sea levels have made it harder for children to get to secondary school in Djirna.
The community built a wooden bridge for the students. But, over time, the water has damaged the bridge.
Many children now miss school because of the risks involved in getting there.
RACECARD
%3Cp%3E5pm%3A%20Al%20Shamkha%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(Turf)%201%2C400m%0D%3Cbr%3E5.30pm%3A%20Khalifa%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3E6pm%3A%20Masdar%20City%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3E6.30pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(T)%202%2C200m%0D%3Cbr%3E7pm%3A%20Emirates%20Championship%20%E2%80%93%20Group%201%20(PA)%20Dh1%2C000%2C000%20(T)%202%2C200m%0D%3Cbr%3E7.30pm%3A%20Shakbout%20City%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%202%2C400m%3C%2Fp%3E%0A
'Will%20of%20the%20People'
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Virtuzone GCC Sixes
Date and venue Friday and Saturday, ICC Academy, Dubai Sports City
Time Matches start at 9am
Groups
A Blighty Ducks, Darjeeling Colts, Darjeeling Social, Dubai Wombats; B Darjeeling Veterans, Kuwait Casuals, Loose Cannons, Savannah Lions; C Awali Taverners, Darjeeling, Dromedary, Darjeeling Good Eggs
More from Rashmee Roshan Lall
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Qosty Byogaani
Starring: Hani Razmzi, Maya Nasir and Hassan Hosny
Four stars
Spec%20sheet
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The%20Genius%20of%20Their%20Age
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Company%C2%A0profile
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Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
|
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
|
45
|
$131,596
|
$263,191
|
$526,382
|
|
55
|
$44,351
|
$88,702
|
$177,403
|
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
1,000 Books to Read Before You Die: A Life-Changing List
James Mustich, Workman
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
Isle of Dogs
Director: Wes Anderson
Starring: Bryan Cranston, Liev Schreiber, Ed Norton, Greta Gerwig, Bill Murray, Jeff Goldblum, Scarlett Johansson
Three stars
FROM%20THE%20ASHES
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BELGIUM%20SQUAD
%3Cp%3EGoalkeepers%3A%20Thibaut%20Courtois%2C%20Simon%20Mignolet%2C%20Koen%20Casteels%0D%3Cbr%3E%0D%3Cbr%3EDefenders%3A%20Jan%20Vertonghen%2C%20Toby%20Alderweireld%2C%20Leander%20Dendoncker%2C%20Zeno%20Debast%2C%20Arthur%20Theate%2C%20Wout%20Faes%0D%3Cbr%3E%0D%3Cbr%3EMidfielders%3A%20Hans%20Vanaken%2C%20Axel%20Witsel%2C%20Youri%20Tielemans%2C%20Amadou%20Onana%2C%20Kevin%20De%20Bruyne%2C%20Yannick%20Carrasco%2C%20Thorgan%20Hazard%2C%20Timothy%20Castagne%2C%20Thomas%20Meunier%0D%3Cbr%3E%0D%3Cbr%3EForwards%3A%20Romelu%20Lukaku%2C%20Michy%20Batshuayi%2C%20Lo%C3%AFs%20Openda%2C%20Charles%20De%20Ketelaere%2C%20Eden%20Hazard%2C%20Jeremy%20Doku%2C%20Dries%20Mertens%2C%20Leandro%20Trossard%3C%2Fp%3E%0A
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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.”
CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now