Humans are “digging our own graves” through climate change and by “brutalising biodiversity”, UN Secretary General Antonio Guterres has said at the opening of Cop26.
He criticised “a deficit of credibility and a surplus of confusion” over emissions reduction and net-zero targets, which held “different meanings and different metrics”.
Mr Guterres said that already the “sirens are sounding” and “our planet is telling us something”.
He urged the international community to give more aid — whether climate related or not — to the developing world.
But Mr Guterres praised the “unstoppable” and vocal, youth-led “climate action army” demanding action. “I assure you, they are not going away,” he said.
“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: either we stop it — or it stops us,” Mr Guterres said.
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British Prime Minister Boris Johnson delivers a speech during the opening ceremony of the Cop26 summit in Glasgow. AP -

Boris Johnson greets US President Joe Biden. AP -

Journalists listen to a live transmission of the speech by Boris Johnson. AFP -

Sir David Attenborough delivers a speech during the opening ceremony. Reuters -

Prince Charles arrives for the summit. Getty Images -

A view of the opening ceremony in Glasgow. AP -

Boris Johnson speaks to UN Secretary General Antonio Guterres as leaders arrive at the Cop26 summit in Glasgow. AP -

Boris Johnson greets Indian Prime Minister Narendra Modi ahead of their bilateral meeting. Getty Images -

A member of staff adjusts flags before the arrival of leaders in Glasgow. Getty Images -

Boris Johnson and Antonio Guterres in discussion with French President Emmanuel Macron. Reuters -

Environmental campaigners with 'big heads' of world leaders, including Joe Biden and Boris Johnson, dress in kilts and carry bagpipes as they gather in Royal Exchange Square, central Glasgow. PA -

Delegates queue as they arrive at the event. AP -

Boris Johnson waits to greet leaders as they arrive to attend. AFP -

A protester dressed as a dinosaur roars outside the Gallery of Modern Art in Glasgow. PA -

Boris Johnson and Antonio Guterres hold a conversation with Narendra Modi. AP -

Red Rebellion activists participate in a protest at Glasgow Central Station. Reuters -

Joe Biden attends the opening session of Cop26. AP Photo -

Canada's Prime Minister Justin Trudeau arrives at the Cop26 summit. PA -

Boris Johnson greets Antonio Guterres and Palestinian Prime Minister Mohammed Shtayyeh. AP -

Emmanuel Macron speaks to reporters. Reuters -

Scotland's First Minister Nicola Sturgeon (C) poses for a photograph as she meets climate activists Vanessa Nakate (R) and Greta Thunberg. AFP -

A man tries out virtual reality goggles at the SECC in Glasgow, the venue for Cop26. Getty Images -

Boris Johnson welcomes German Chancellor Angela Merkel. Getty Images -

Egyptian President Abdel Fattah El Sisi arrives at Cop26. PA -

Indonesian traditional dancers perform. Reuters
“It’s time to say, 'enough. Enough of brutalising biodiversity. Enough of killing ourselves with carbon. Enough of treating nature like a toilet. Enough of burning and drilling and mining our way deeper'. We are digging our own graves."
Recent climate actions announcements “might give the impression that we are on track to turn things around,” he said. “This is an illusion.”
Mr Guterres referred to a recent UN report that current commitments to cut greenhouse gas emissions put the planet on track for an average 2.7°C temperature rise this century.
“Even in the best-case scenario, temperatures will rise well above 2°C. So, as we open this much-anticipated climate conference, we are still heading for climate disaster,” he said.
“Young people know it. Every country sees it. Small island developing states — and other vulnerable ones — live it. For them, failure is not an option. Failure is a death sentence.”
He said the target to limit global warming to 1.5°C above pre-industrial levels must be kept in reach and called for firm action to reduce global emissions by 45 per cent by 2030.
Mr Guterres reiterated that this must be led by the wealthy nations that comprise the G20 and account for around 80 per cent of the planet's emissions.
"But emerging economies, too, must go the extra mile as their contribution is essential for the effective reduction of emissions," he said.
"We need maximum ambition — from all countries on all fronts — to make Glasgow a success. I urge developed countries and emerging economies to build coalitions able to create the financial and technological conditions to accelerate the decarbonisation of the economy and the phase-out of coal."
UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
Global state-owned investor ranking by size
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China |
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UAE |
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Japan |
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Norway |
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Canada |
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Singapore |
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Australia |
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Saudi Arabia |
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South Korea |
While you're here
The Al Barzakh Festival takes place on Wednesday and Thursday at 7.30pm in the Red Theatre, NYUAD, Saadiyat Island. Tickets cost Dh105 for adults from platinumlist.net
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
More from Neighbourhood Watch:
Profile of Bitex UAE
Date of launch: November 2018
Founder: Monark Modi
Based: Business Bay, Dubai
Sector: Financial services
Size: Eight employees
Investors: Self-funded to date with $1m of personal savings
COMPANY%20PROFILE
The specs
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The%20Little%20Mermaid%20
The%20specs
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.”
More on Lebanon
Raghida Dergham: Hezbollah is pushing Lebanon to the brink
Massoud Derhally: Central bank governor a saviour or scapegoat?
Bilal Saab: How the US can bypass Hezbollah and help the people
The lowdown
Rating: 4/5
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
RESULTS
1.45pm: Maiden Dh75,000 1,200m
Winner: Lady Parma, Richard Mullen (jockey), Satish Seemar (trainer).
2.15pm: Maiden Dh75,000 1,200m
Winner: Tabernas, Connor Beasley, Ahmed bin Harmash.
2.45pm: Handicap Dh95,000 1,200m
Winner: Night Castle, Connor Beasley, Satish Seemar.
3.15pm: Handicap Dh120,000 1,400m
Winner: Mystique Moon, Sam Hitchcott, Doug Watson.
3.45pm: Handicap Dh80,000 1,400m
Winner: Mutawakked, Szczepan Mazur, Musabah Al Muhairi.
4.15pm: Handicap Dh90,000 1,800m
Winner: Tafaakhor, Sandro Paiva, Ali Rashid Al Raihe.
4.45pm: Handicap Dh80,000 1,950m
Winner: Cranesbill, Fabrice Veron, Erwan Charpy.
Scoreline
Swansea 2
Grimes 20' (pen), Celina, 29'
Man City 3
Silva 69', Nordfeldt 78' (og), Aguero 88'
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part two: how climate change drove the race for an alternative
11 cabbie-recommended restaurants and dishes to try in Abu Dhabi
Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)
Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)
Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)
Bonna Annee at Navy Gate for Ethiopian food (the Bonna Annee special costs Dh42 and comes with a mix of six house stews – key wet, minchet abesh, kekel, meser be sega, tibs fir fir and shiro).
Al Habasha in Tanker Mai for Ethiopian food (tibs, a hearty stew with meat, is a popular dish; here it costs Dh36.75 for lamb and beef versions)
Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)
Makalu in Mussaffa for Nepalese (get the chicken curry or chicken fry for Dh11)
Al Shaheen Cafeteria near Guardian Towers for a quick morning bite, especially the egg sandwich in paratha (Dh3.50)
Pinky Food Restaurant in Tanker Mai for tilapia
Tasty Zone for Nepalese-style noodles (Dh15)
Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)
COMPANY%20PROFILE
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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While you're here
Hussein Ibish: America's attitude to Palestine and Israel has subtly shifted
Con Coughlin: With every missile fired in Israel-Gaza, Biden's clout reduces
Anwar Mhajne: The moral burden of being a Palestinian citizen of Israel

