UAE sustainability: How an Abu Dhabi fund is bringing world's endangered species back from brink


Daniel Bardsley
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The carbonera pupfish, blue and gold metallic in colour, is found in only a small area of north-western Mexico.

Its existence is so precarious that it was once thought to be extinct.

It was rediscovered in 2012, but four of the five springs where it was found were dry, so the species – members of which grow to about 6 centimetres – was critically imperilled.

In a project supported by the Mohammed bin Zayed Species Conservation Fund, the pupfish were taken to a nearby natural refuge, saving them from their potential demise.

The carbonera pupfish, or cyprinodon fontinalis, is one of 1,402 species or subspecies to have benefited from grants made by the fund since its launch in 2009 by Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.

It is a truly unique organisation devoted to species conservation

With species becoming extinct at 1,000 to 10,000 times the natural rate, according to the World Wide Fund for Nature, the project could not be more critical.

“Biodiversity loss is a global crisis and as such we must focus on the issue globally,” said Razan Al Mubarak, the fund’s managing director.

"It is estimated that we are losing more than 10 million species to extinction every year. This is a rate that is 1,000 times that of at any other time.

“This biodiversity loss is one of the most significant global crises we face today, on the same scale as climate change.

"Therefore, it is very important that the fund provides financial support to species conservation projects in the UAE and across the world.”

How does the fund operate?

The fund offers microfinancing to practical projects that help to conserve species of animals, plants or fungi.

It was launched with an initial endowment of $25 million (Dh91.82m), and portion is given each year to projects.

The first grants were made in March 2010. A total of 2,392 grants, totalling $21m, have now been awarded. The maximum awarded is $25,000 a project.

The pupfish is found in only a small area of northwestern Mexico. Thanks to the fund, it has be saved. Courtesy Mohamed Bin Zayed Species Conservation Fund
The pupfish is found in only a small area of northwestern Mexico. Thanks to the fund, it has be saved. Courtesy Mohamed Bin Zayed Species Conservation Fund

Projects anywhere in the world are eligible and schemes in more than 160 countries have been given grants.

Applications can be made year-round through the fund’s website and are considered by the fund’s management.

They are reviewed three times a year by an advisory board, which then makes recommendations to a board of directors.

In 2019, for example, $1.5m was awarded to 170 projects out of 1,647 applications.

Among the researchers whose work has been supported by the fund is Prof Salvador Carranza, director of the Institute of Evolutionary Biology at Pompeu Fabra University, Barcelona.

Four projects he has been involved with have received assistance, including one looking at the wonder gecko in the UAE and another at reptiles on the Socotra Archipelago near the Gulf of Aden.

The research highlighted patterns of genetic diversity, which could help with conservation planning.

“The support was critical for the project ... without its help we could not have travelled to Socotra to carry out the field study,” Prof Carranza said.

He said he had been “consistently impressed by their [the fund's] efficiency, their interest in the projects and their help”.

“It is a truly unique organisation devoted to species conservation,” he said. “A very successful example to follow.”

The fund supported projects to assess threats to Pakistan’s fishing cat and educate people about conservation. Courtesy Mohamed Bin Zayed Species Conservation Fund
The fund supported projects to assess threats to Pakistan’s fishing cat and educate people about conservation. Courtesy Mohamed Bin Zayed Species Conservation Fund

Why are projects linked to particular species?

The focus on individual species or sub-species is deliberate. The fund said that since the “golden era” of species conservation in the 1960s and '70s, when the emphasis was on collecting data about species in their habitats, things have changed.

“A significant portion of conservation work today is lab work, conservation planning and analysis work, that is done in offices,” it said.

The broadening of conservation to include advice from the likes of social scientists and economists has “unintentionally” created a shortfall in efforts to conserve species.

“The fund wants to help those conservationists for whom it is important to get back out into the field and keep that connection with nature alive,” its report said.

Ms Al Mubarak said focusing on individual species created wider benefits because conservationists did not gather data just for the target species, but also for other species, their habitat and the threats they faced.

“Our grants support individual species, sure, but our grants go to conservationists,” she said.

“Conservationists are nature’s first responders, security detail, and scientists searching for a cure to the extinction pandemic.

“Without conservationists in the field, we lose our first line of defence against habitat destruction, deforestation, overhunting, poaching and pollution.

“When we support a conservationist, chances are good that the conservationist will receive funding from other sources as well. Support from the MBZ Fund is often the spark that lights the fire of conservation.”

She said her favourite projects included one where a community group in Australia banded together to help protect the Mary River turtle, and another in which simply putting up a fence prevented rockhopper penguins in Tristan Da Cunha, in the South Atlantic, from falling to their deaths.

Others include the discovery and protection of a tree on a university campus in Pakistan that had been thought to be extinct, and the rediscovery of a lost frog species in Zimbabwe.

The fund supported plantations of thousands of seedlings of a coniferous tree, araucaria angustifolia, in Brazil. This will encourage animals to return. Courtesy Mohamed Bin Zayed Species Conservation Fund
The fund supported plantations of thousands of seedlings of a coniferous tree, araucaria angustifolia, in Brazil. This will encourage animals to return. Courtesy Mohamed Bin Zayed Species Conservation Fund

Prof Carranza said it could be more efficient to concentrate on conserving a flagship or “umbrella” species in an at-risk habitat.

“By protecting this particular species, you indirectly protect the many other species that make up the ecological community,” he said.

Aside from offering grants, the fund aims to “elevate” the significance of the species in conservation discussions.

“The fund is concerned that without support to actively promote species conservation in nature, the planet will all too soon be left with not much more than protected landscapes, partially adapted for human use, and with some token, managed species," it said.

"This would be an unconscionable tragedy."

What types of projects have been supported?

1)  At the beginning of this year $4,850 was given to assess the distribution of, and threats to, Pakistan's fishing cat, numbers of which have fallen because of a decline in wetlands. The project will also educate rural communities and government bodies on the species' conservation.

2)  In 2012, New York University Abu Dhabi was awarded $9,000 to analyse the reproductive behaviour of the Arabian staghorn coral, which has suffered from "bleaching" events caused by high temperatures. A better understanding of the species' biology should aid conservation efforts.

3)  A three-year project by Emirates Wildlife Society – World Wide Fund For Nature to fit satellite transmitters to the shell of hawksbill turtles was given $10,000 in 2012. An understanding of the movements of the turtle, which has been hit by egg harvesting, fishing and habitat degradation, will help when conservation initiatives are drawn up.

4) The fund supported the planting of thousands of seedlings of a coniferous tree, Araucaria angustifolia, by the Laklano Xokleng indigenous people on their own land in Brazil. The trees should encourage the return of animals such as the red deer and the blue crow. A grant of $20,000 was made in 2019 and a further $20,000 was awarded this year.

5) Last year the fund gave $10,000 to efforts in Ghana to conserve the daisy stingray and the pearl stingray, which were hit by overfishing. The project will assess numbers, help locals to monitor populations, and introduce measures to reduce the harmful effects of fishing.

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Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
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* Second leg in Australia on October 10

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

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TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

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.”

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

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Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

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