If sea levels rose by nine metres because of climate change, all of Abu Dhabi and Dubai would be under water as the coast moved south by up to 30km.
If sea levels rose by nine metres because of climate change, all of Abu Dhabi and Dubai would be under water as the coast moved south by up to 30km.

Abu Dhabi 2100: under water?



ABU DHABI // The UAE could lose up to six per cent of its populated and developed coastline by the end of the century because of rising sea levels, according to a government-sponsored report on the local impact of climate change released yesterday. A rise of one metre, the most modest scenario presented as not "unlikely" in the report, would put 1,155 square kilometres of the country's coast under water by 2050; while nine metres - the most dire - would see almost all of the capital and much of Dubai submerged.

"While we may not be able to pinpoint exactly when to expect a one-metre gradual rise in sea level, we do know that it may be sooner than most scientists ever thought possible," the report said. Climate Change: Impacts, Vulnerability and Adaptation was commissioned by the Environment Agency - Abu Dhabi (EAD) and compiled by researchers from the Stockholm Environment Institute in the United States. It marks the country's first effort to examine the impact on the coastline, interior and ecosystems from ongoing climate change caused by burning fossil fuels.

"The UAE is seriously concerned about climate change on many levels," said Majid al Mansouri, the EAD secretary general, at the release of the study yesterday. "We are a country that already faces extreme climatic conditions and has precious natural resources, so long-term variations in temperature and precipitation will produce adverse impacts." The report urges the UAE to make plans to mitigate its impact and accommodate changes. Officials said the study would be used to help the country address coming climate change, and also by UAE diplomats arguing the country's case in international climate negotiations that aim to set new limits on the emission of greenhouse gases.

Dr El Waleed Mohamed Hamad el Malik, a legal adviser at the EAD, said the study was commissioned as part of the country's dedication to the United Nations Framework Convention on Climate Change. "We have an obligation under the convention to highlight the impacts of climate change," he said. The report, which focuses on Abu Dhabi in greatest detail, cautions that some of the emirate's most biologically-productive ecosystems, such as mangrove forests and seagrass beds, as well as flagship species such as the houbara bustard and marine turtles, are at an increased risk of extinction.

Populated coastline areas across the country are also extremely vulnerable, it said. "For coastal zones in the UAE - home to approximately 85 per cent of the population, over 90 per cent of the infrastructure, many sensitive ecological subsystems, and important cultural heritage sites - the vulnerability to climate change is very high," the study said. It warned that unless future development planning accounted for the changes, there would be unacceptable economic damages for the UAE's coastal zones.

The International Panel on Climate Change, the world's most authoritative scientific body on the subject, estimates that sea levels will rise by between 0.37 metres and 0.59m by the turn of the century. The actual fluctuation will depend on a number of variables, including how much global temperatures rise, and how that will affect glaciers and snow cover on polar caps. Because of the variability, the study focused on several scenarios. The first, involving the one-metre sea-level rise by 2050, would see Abu Dhabi lose a total of 344 square kilometres to the sea, including extensive mangrove areas, more than a hundred square kilometres of urban green spaces as well as 10 sq km of built-up area and roads.

Dubai would lose important infrastructure as well, the report said. The second assesses what would happen if the sea rose three metres by 2050, a scenario that would see flooding in the Mangrove Village development as well as parts of Industrial City south of the main island, with Abu Dhabi losing more than 800 sq km under water. A further projection for the entire country put sea levels rising nine metres by 2100, which would see 5,000 sq km - including all of the capital and Dubai - submerged. The shore would migrate south by up to 30km, and Jebel Dhanna and Al Mirfa would become islands.

"All coastal cities in the UAE will experience progressively increasing inundation, depending on the scenario analysed," the report said. The UAE report warns that despite uncertainty, some degree of global warming can be expected resulting in an unavoidable increase in sea levels. "The uncertainty of 'when' and 'to what extent' are we really vulnerable placates many into a 'wait and see' mentality," the report said.

The EAD last year drafted a policy on climate change, but the document is not likely to be released before the Ministry of Environment and Water, which is working on a national strategy, is ready with its own recommendations, Mr al Mansouri said. vtodorova@thenational.ae

Day 1, Abu Dhabi Test: At a glance

Moment of the day Dimuth Karunaratne had batted with plenty of pluck, and no little skill, in getting to within seven runs of a first-day century. Then, while he ran what he thought was a comfortable single to mid-on, his batting partner Dinesh Chandimal opted to stay at home. The opener was run out by the length of the pitch.

Stat of the day – 1 One six was hit on Day 1. The boundary was only breached 18 times in total over the course of the 90 overs. When it did arrive, the lone six was a thing of beauty, as Niroshan Dickwella effortlessly clipped Mohammed Amir over the square-leg boundary.

The verdict Three wickets down at lunch, on a featherbed wicket having won the toss, and Sri Lanka’s fragile confidence must have been waning. Then Karunaratne and Chandimal's alliance of precisely 100 gave them a foothold in the match. Dickwella’s free-spirited strokeplay meant the Sri Lankans were handily placed at 227-4 at the close.

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Started: 2013

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Install an air filter in your home.

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Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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.”

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