The UAE on Friday took a significant step forward in its quest to preserve nature and protect the environment for years to come.
The UAE Cabinet agreed the country would join the Leaders' Pledge for Nature, an international effort to boost the green agenda.
The Emirates had endorsed the crucial initiative at the Cop26 climate summit in Glasgow, Scotland, in November, and Cabinet ministers reaffirmed the UAE's support for the pledge at their first meeting of 2022, held at the UAE pavilion at Expo 2020 Dubai.
But what is the Leaders' Pledge? And how will nations work together to safeguard the planet?
A vision for a better future
Political leaders from 93 countries initially signed the pledge at the UN Summit on Biodiversity in September 2020, with signatories committing to reversing biodiversity loss by 2030 as part of the UN's Decade of Action.
The collective effort aimed to put policies in place to address harm being caused to the planet and embrace sustainable strategies.
The pledge highlights increasing the protection of the planet’s land and oceans through effectively managed protected areas as well as moving land use and agricultural policies away from harmful practices, all while reducing air, land and marine pollution — particularly by eliminating plastic leakage into the ocean by 2050.
It also calls for a transition to sustainable production and consumption, and for leaders to be guided by nature and the environment when setting out future policies.
UAE backs eco plan
Mariam Al Mheiri, Minister of Climate Change and Environment, said at Cop26 that the UAE's support of the pledge was in line with the legacy of Sheikh Zayed, the Founding Father.
“The UAE is proud to endorse the Leaders’ Pledge for Nature, committing to working with other nations to reverse biodiversity loss by 2030 and sending a powerful message that there is no conflict between nature conservation and the economy,” she said.
“The move aligns with our unwavering dedication to protecting our environment and preserving it for future generations, instilled in our nation by the Founding Father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan.
“The alarming magnitude of biodiversity loss can sometimes come across as an afterthought in the climate process, and it is critical that we as governments and stakeholders rally around dual-purpose deliverables.
“Aligning our agendas for tackling biodiversity loss and climate change is the only way we can resolve them and take decisive collective action to preserve our planet and the life on it for future generations.”
She said the UAE is home to 49 protected areas which account for more than 15 per cent of its territory.
What is the UAE doing to help the environment?
In October, the UAE announced an ambitious initiative to reduce carbon emissions by 2050.
The plan will invest Dh600 billion in clean and renewable energy sources over the next three decades.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the country would “play its global role in combating climate change".
At Cop26, the UAE joined more than 100 countries in agreeing to reverse deforestation, and the government will follow up on that plan by using $19 billion in public and private finance to restore degraded land, tackle bushfires, protect indigenous people and focus on key areas such as the Congo Basin.
Meanwhile, single-use plastic bags could be banned in Abu Dhabi by the end of the year, a senior figure from the emirate’s environment agency said.
The move had been expected to come into effect in 2020 but was put on hold by Covid-19.
Monir Bou Ghanem, senior adviser to the Environment Agency Abu Dhabi, said this week there were 15 to 16 items that would be affected by the new scheme, including plastic straws and disposable plates and cutlery — all commonly used in takeaway meals.
He said an incentive-based bottle return scheme would also be introduced in the capital when the new rules come into effect, which he expected to happen before the end of 2022.
The UAE will host the 28th UN global climate talks in 2023.
Sheikh Mohammed tweeted after the announcement that the UAE would put everything towards making Cop28 a success.
“We congratulate the Emirates for winning the bid to host the most important conference for climate Cop28, for 2023 … a deserved win for our country … we will put all our capabilities for the conference to succeed … the UAE will remain committed to global climate action to protect our planet Earth,” he said.
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
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Results
1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec
2. Max Verstappen (Red Bull-Honda) at 0.745s
3. Valtteri Bottas (Mercedes) 37.383s
4. Lando Norris (McLaren) 46.466s
5.Sergio Perez (Red Bull-Honda) 52.047s
6. Charles Leclerc (Ferrari) 59.090s
7. Daniel Ricciardo (McLaren) 1:06.004
8. Carlos Sainz Jr (Ferrari) 1:07.100
9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692
10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
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The years Ramadan fell in May
RESULT
Australia 3 (0) Honduras 1 (0)
Australia: Jedinak (53', 72' pen, 85' pen)
Honduras: Elis (90 4)
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
THE SPECS
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A list of the animal rescue organisations in the UAE
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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
The specs
Engine: 2.0-litre 4-cylinder turbo
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Transmission: Eight-speed auto
Fuel consumption: 6.1L/100km
Price: from Dh362,500
On sale: now
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The Cockroach
(Vintage)
Ian McEwan
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Company%20Profile
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
The specs: 2018 Dodge Durango SRT
Price, base / as tested: Dh259,000
Engine: 6.4-litre V8
Power: 475hp @ 6,000rpm
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Transmission: Eight-speed automatic
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'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.