Himalayan glaciers providing critical water to nearly two billion people are melting faster than ever before due to climate change, exposing communities to unpredictable and costly disasters, scientists warned on Tuesday.
The glaciers disappeared 65 per cent faster from 2011 to 2020 compared with the previous decade, according to a report by the International Centre for Integrated Mountain Development (Icimod).
“As it gets warmer, ice will melt, that was expected, but what is unexpected and very worrying is the speed,” said lead author Philippus Wester. “This is going much faster than we thought.”
Glaciers in the Hindu Kush Himalaya region are a crucial water source for about 240 million people in the mountainous regions, as well as another 1.65 billion people in the river valleys below, the report said.
Based on current emissions trajectories, the glaciers could lose up to 80 per cent of their current volume by the end of the century, said the Nepal-based centre, an inter-governmental organisation that also includes Afghanistan, Bangladesh, Bhutan, China, India, Myanmar and Pakistan.
The glaciers feed 10 of the world's most important river systems, including the Ganges, Indus, Yellow, Mekong and Irrawaddy, and directly or indirectly supply billions of people with food, energy, clean air and income.
“With two billion people in Asia reliant on the water that glaciers and snow here hold, the consequences of losing this cryosphere [frozen zone] are too vast to contemplate,” said Icimod's deputy chief Izabella Koziell.
Even if global warming is limited to the 1.5°C to 2.0°C above pre-industrial levels agreed to in the Paris climate treaty, the glaciers are expected to lose a third to a half of their volume by 2100, the peer-reviewed report said.
“It underscores the need for urgent climate action,” Mr Wester said. “Every small increment will have huge impacts and we really, really need to work on climate mitigation … that is our plea.”
He said improving technologies and previously classified high-resolution satellite imagery meant predictions could be made with a good degree of accuracy.
The world has warmed an average of nearly 1.2ºC since the mid-1800s, unleashing a cascade of extreme weather, including more intense heatwaves, more severe droughts and storms made more ferocious by rising seas.
Hardest hit are the most vulnerable people and the world's poorest countries, which have done little to contribute to the fossil fuel emissions that drive up temperatures.
Amina Maharjan, a livelihoods and migration specialist at the centre, said communities do not have the support they need.
“Most of the adaptation is communities and households reacting” to climate events, she said. “It is inadequate to meet the challenges posed by climate change.
“What is going to be very critical moving forward is anticipating change.”
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
UAE currency: the story behind the money in your pockets
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Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
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