The Centre for Climate Diplomacy announces the launch of a new research initiative in Abu Dhabi to tackle the climate crisis. The National / Ruel Pableo
The Centre for Climate Diplomacy announces the launch of a new research initiative in Abu Dhabi to tackle the climate crisis. The National / Ruel Pableo
The Centre for Climate Diplomacy announces the launch of a new research initiative in Abu Dhabi to tackle the climate crisis. The National / Ruel Pableo
The Centre for Climate Diplomacy announces the launch of a new research initiative in Abu Dhabi to tackle the climate crisis. The National / Ruel Pableo

New Centre for Climate Diplomacy to serve as a regional hub to inspire climate action


Ramola Talwar Badam
  • English
  • Arabic

A new hub dedicated to preparing and informing UAE policy makers on climate change has been launched in Abu Dhabi ahead of Cop28 later this year.

The Anwar Gargash Diplomatic Academy (AGDA) announced the launch of the Centre for Climate Diplomacy on Monday, which has been created in collaboration with Mubadala and Adnoc.

The aim of the centre is to advance effective research to inform the country's policies on climate action plans.

It will serve as a regional hub for climate research by working with academic groups and think tanks in the Middle East, as well as hold information sessions for government officials.

The centre also hopes to forge links between the private and public sectors in projects that focus on finding solutions and reducing carbon emissions.

The UAE continues to advance progressive solutions to address climate change and diplomacy plays a crucial role
Dr Sultan Al Jaber,
UAE Minister of Industry and Advanced Technology and Adnoc managing director and group chief executive

"The urgent need for effective climate action at scale demands that organisations and individuals from every sector and from around the world come together to deliver tangible action," said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Adnoc managing director and group chief executive in a statement.

"This requires diplomacy supported by evidence with a strong basis in science.

"The UAE continues to advance progressive solutions to address climate change and diplomacy plays a crucial role in enabling greater collaboration across public and private sectors," he said.

Climate change challenges

Nickolay Mladenov, director general of the AGDA, emphasised how the UAE was committed to implementing initiatives to address the climate crisis, and spoke of the importance of working together.

"The centre is an initiative we have been working on for a year and we are launching it now because we want to seize the momentum of Cop28 to create a centre of excellence that looks at the link between diplomacy and climate change," he told The National.

"We believe very firmly that every single person in the field of foreign policy needs to understand the challenges of climate change.

“That is why we will be focusing in our research, publications, engagements on areas that are relevant for diplomats in terms of preparing them for the challenge of climate negotiations in the future and reach out to a global network of expertise," Mr Mladenov added.

He said the collaboration with Mubadala and Adnoc would help develop solutions to combat climate change and build a platform that would be a “catalyst for innovation, encourage discussion, and present feasible solutions to address the challenge of climate change.”

Ahmed Al Calily, chief strategy and risk officer Mubadala, said the centre would provide an opportunity to understand how to create real change.

“As the UAE prepares to host one of the world’s largest diplomatic summits, the imperative of advancing skills and knowledge in climate diplomacy could not be clearer,” he said.

Research will cover sustainable finance to understand how climate change impacts the economies of the region, energy transition, adapting to climate change and climate diplomacy.

The centre will develop into a platform for researchers, policymakers and experts to collaborate to address the climate crisis on the local, regional and international levels.

A key UN report last week warned more needed to be done “on all fronts” to meet climate goals and that the window to keep the 1.5°C warming target alive was “rapidly closing.”

Moustafa Bayoumi, project manager for the Centre for Climate Diplomacy, said it was more critical than ever before to take action following the UN report that climate goals would be missed.

He said the centre would address gaps in research to better understand how countries can adapt to the impact of climate change, reduce emissions, track whether climate finance was reaching its target and assess projects that funds were being spent on.

“We see the future lies in how we can get research outcomes to the policy makers and diplomats so they understand what is at stake,” he said.

“Then based first-hand from the science, they will know what needs to be done - that is what we will try to achieve with the centre.”

Expo City to host Cop28 – in pictures

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

UAE currency: the story behind the money in your pockets
THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

Mercedes-AMG GT 63 S E Performance: the specs

Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor

Power: 843hp at N/A rpm

Torque: 1470Nm N/A rpm

Transmission: 9-speed auto

Fuel consumption: 8.6L/100km

On sale: October to December

Price: From Dh875,000 (estimate)

Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

FIXTURES

December 28
Stan Wawrinka v Pablo Carreno Busta, 5pm
Milos Raonic v Dominic Thiem, no earlier then 7pm

December 29 - semi-finals
Rafael Nadal v Stan Wawrinka / Pablo Carreno Busta, 5pm
Novak Djokovic v Milos Raonic / Dominic Thiem, no earlier then 7pm

December 30
3rd/4th place play-off, 5pm
Final, 7pm

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

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.5-litre%20V12%20and%20three%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C015hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C500Nm%20(estimate)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Early%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh2%20million%20(estimate)%3C%2Fp%3E%0A
ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

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.”

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

Look north

BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.

LEADERBOARD
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About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 

Updated: September 12, 2023, 5:14 AM