A camera is installed at a glacier in Vatnajokull National Park, Iceland. PA
A camera is installed at a glacier in Vatnajokull National Park, Iceland. PA
A camera is installed at a glacier in Vatnajokull National Park, Iceland. PA
A camera is installed at a glacier in Vatnajokull National Park, Iceland. PA

Iceland glacier shrinking faster than it can recover


Jamie Prentis
  • English
  • Arabic

A glacier in Iceland is melting faster than it can recover owing to climate change, researchers have said.

Footage captured by Dr Kieran Baxter, a lecturer at the University of Dundee and an expert in the visual communication of glacial retreat across Europe, showed how quickly the ice was receding on the Breidamerkurjokull glacier in Vatnajokull National Park, south-east Iceland.

These images, taken six weeks apart, show how quickly the ice is retreating at the Breidamerkurjokull glacier in Iceland. PA
These images, taken six weeks apart, show how quickly the ice is retreating at the Breidamerkurjokull glacier in Iceland. PA

It highlighted how the rate at which the ice melted in the summer significantly exceeded its recovery during the winter months.

“Footage like this should act as a wake-up call that we cannot ignore the signs any longer,” Dr Baxter said.

“Climate change is already having dire consequences around the world and we have to take responsibility for that.

“The paths we choose now, including the decisions made at Cop26, will have a huge influence on the climate impacts that we will have to deal with in the future. The volume of ice melt that we are seeing in Iceland is just one of the indicators that show us the scale of those impacts.”

The Cop26 climate summit is taking place in Glasgow, Scotland, where world leaders and negotiators are trying to agree to ambitious targets to keep global warming to acceptable levels.

Dr Kieran Baxter says his footage of the glacier should be "a wake-up call" that we cannot ignore the effects of climate change. PA
Dr Kieran Baxter says his footage of the glacier should be "a wake-up call" that we cannot ignore the effects of climate change. PA

Experts said the Vatnajokull ice cap had lost between 150 and 200 cubic kilometres of ice since 1989, with its area having been reduced by more than 400 square kilometres.

Breidamerkurjokull is a popular tourist destination and often features in films and TV advertisements.

“While this footage represents only a fraction of the 16km-wide glacier terminus, it demonstrates how rapidly Breidamerkurjokull is now melting,” said Snaevarr Gudmundsson, glaciologist at the South-East Iceland Nature Research Centre.

“When a glacier is in balance, the winter accumulation would equal the summer melt, but we do not see that here.

“The ablation has accelerated beyond recovery and in recent decades a retreat of up to 250 metres per year has been recorded.”

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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

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Updated: November 10, 2021, 10:55 AM