US climate envoy John Kerry said the world must face up to the "enormous global challenge" together on his first day on a tour of the UAE.
The veteran politician used this first trip to Asia in his new role to start the countdown to the Cop26 climate change conference in the UK – where leaders from across the globe will be urged to renew environmental commitments.
Mr Kerry is in Abu Dhabi this week to attend the Regional Climate Dialogue, which takes place on April 4.
Tomorrow, we will share thoughts about what can be best done in order to raise our ambitions in Glasgow, which is the most important conference after the Paris Agreement
"We face an enormous global challenge and it’s growing in intensity," Mr Kerry said.
"Tomorrow, we will meet with a number of leaders from the region to share thoughts about what can be best done in order to raise our ambitions in Glasgow, which is the most important conference after the Paris Agreement."
Earlier, Mr Kerry visited Abu Dhabi's Noor solar park, on the first day of a trip to the Emirates. He will later travel to India and Bangladesh – two countries badly hit by climate change-linked natural disasters.
Mr Kerry was given a helicopter tour of the facility, which is the largest single-site solar park in the world.
He was accompanied by the UAE's special envoy for climate change, Dr Sultan Al Jaber.
"I’m delighted to have seen the largest solar field in the world’s largest single-site solar project, Noor Abu Dhabi," Mr Kerry said.
"I also listened to Dr Al Jaber about the UAE’s plan to lead the world in terms of technology as well as in mitigation of emissions.
"It’s remarkable to find the UAE trying to lead many other nations in the search of new technology to address the global climate challenge and in transitioning to the new economy while facing this crisis."
Turning political talk into action
Mr Kerry was later shown another major solar development, Shams 1, south of Zayed City in Al Dhafra.
He also visited the Mohamed bin Zayed University of Artificial Intelligence, which is devoted to driving sustainability solutions through innovations in artificial intelligence.
Mr Kerry concluded the day with a visit to Jubail Mangrove Park. Mangroves, native to the UAE, have the triple benefit of preventing coastal erosion, encouraging biodiversity and capturing more carbon per hectare than rainforests.
Dr Al Jaber said: "Over the past 15 years, the UAE has made bold commitments on climate change, domestically and internationally, and has demonstrated its ability to act on them.
"Looking ahead, we look forward to further building on this progress to turn political commitments into new practical solutions with long-term economic benefits for the UAE, the Mena region and the world."
On Sunday, Mr Kerry will attend high-level discussions on advancing global action.
Mr Kerry vowed to swiftly make up for America's "lost years" in the fight to protect the environment.
The UAE itself has ambitious plans to rapidly increase the amount of energy it generates from green and renewable sources.
At the end of 2020, the country's renewable capacity reached 2.3 gigawatts.
That is forecast to leap to nine gigawatts by 2025.
Alongside the Noor solar site, which began generating power in 2019, there are four new projects that will drive this growth.
The biggest is the 2GW Al Dhafra solar scheme in Abu Dhabi, 50km outside the capital.
That site is expected to become fully operational in 2022 and will generate enough electricity for about 160,000 homes.
Dubai currently has more than one gigawatt of installed capacity – all of which comes from three phases at the Mohammed bin Rashid Solar Park.
Kerry to rally global action on climate
Mr Kerry is leading efforts to get countries to commit themselves to reduce greenhouse gas emissions to zero by about the middle of the century.
Mr Biden has called a summit of 40 leaders, including those of India and China, on April 22-23.
Later this year world leaders will gather for the UN climate summit in Glasgow to build on a 2015 Paris accord to halt the increase in global temperatures at levels that would avoid the worst impacts of climate change.
"Looking forward to meaningful discussions with friends in the Emirates, India and Bangladesh on how to tackle the climate crisis," Mr Kerry tweeted before he arrived in Abu Dhabi.
India says it will not only stick to the Paris accord to reduce its carbon footprint by 33-35 per cent from its 2005 levels by 2030, but will likely exceed those goals as it increases use of renewable energy.
MATCH INFO
Final: England v South Africa, Saturday, 1pm
Company%C2%A0profile
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MATCH INFO
England 241-3 (20 ovs)
Malan 130 no, Morgan 91
New Zealand 165 all out (16.5ovs)
Southee 39, Parkinson 4-47
England win by 76 runs
Series level at 2-2
THE%20HOLDOVERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAlexander%20Payne%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Paul%20Giamatti%2C%20Da'Vine%20Joy%20Randolph%2C%20Dominic%20Sessa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204.5%2F5%3C%2Fp%3E%0A
EXPATS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lulu%20Wang%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Nicole%20Kidman%2C%20Sarayu%20Blue%2C%20Ji-young%20Yoo%2C%20Brian%20Tee%2C%20Jack%20Huston%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Pros%20and%20cons%20of%20BNPL
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RESULTS
5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
UAE squad to face Ireland
Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind
Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
Types of fraud
Phishing: Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
Smishing: The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
Vishing: The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
SIM swap: Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
Identity theft: Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
Prize scams: Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
* Nada El Sawy
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
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UAE currency: the story behind the money in your pockets
Company profile: buybackbazaar.com
Name: buybackbazaar.com
Started: January 2018
Founder(s): Pishu Ganglani and Ricky Husaini
Based: Dubai
Sector: FinTech, micro finance
Initial investment: $1 million