Colombian Environment Minister Carlos Eduardo Correa says tackling deforestation is key to securing his country's climate goals. Victoria Pertusa / The National
Colombian Environment Minister Carlos Eduardo Correa says tackling deforestation is key to securing his country's climate goals. Victoria Pertusa / The National
Colombian Environment Minister Carlos Eduardo Correa says tackling deforestation is key to securing his country's climate goals. Victoria Pertusa / The National
Colombian Environment Minister Carlos Eduardo Correa says tackling deforestation is key to securing his country's climate goals. Victoria Pertusa / The National

Cop26: Colombia sees climate action as helping the fight against drug gangs


Paul Peachey
  • English
  • Arabic

Taking back control of territory from Colombia’s drug gangs is vital to tackling the devastating loss of the Amazon rainforest, the country’s environment minister said on Friday.

Carlos Eduardo Correa said the illegal cultivation of the coca plant on the orders of powerful cartels goes hand in hand with the widespread loss of rainforest, which hit record levels in 2017 in his country.

But a 2016 peace deal with Revolutionary Armed Forces of Colombia (FARC) rebels after a 52-year insurgency and a growing grass roots environmental campaign to nurture vulnerable areas has allowed the government to reclaim previously inaccessible forest, said the minister.

“People feel more safe and more comfortable and they want to have the military presence,” said Mr Correa.

“But it’s not only the military, but the whole state with social programmes. We’re fighting against deforestation but we’re also fighting against poverty. We need to give people a better quality of life.”

Colombia is one of the world’s most biodiverse nations and more than a third of its territory is covered by rainforest.

But its inaccessible nature, a long-running insurgency and the weakness of the central government has allowed the country’s notorious cartels to force villagers to clear and cultivate forest land for coca cultivation and to run illegal logging rackets.

Mr Correa told The National that a quarter of the areas used for the production of coca — an ingredient in cocaine — were about a kilometre from major deforested areas.

The town of La Montanita, in the Colombian Amazon, where former Farc fighters are living. EPA
The town of La Montanita, in the Colombian Amazon, where former Farc fighters are living. EPA

“They are directly related,” he said. “The illegal money is financing and promoting the deforestation.”

A third of Colombia’s emissions are caused by deforestation and its goal of reducing emissions by more than 50 per cent by 2030 and going carbon neutral by 2050 relies on drastically cutting down on the practice.

Deforestation is one of the largest contributors to carbon dioxide emissions as it not only often involves clearing and burning forested areas but it also removes trees acting as a carbon sink. Global deforestation claims an area close to the size of Greece every year, a report by consulting company McKinsey showed.

The Colombian government is trying to tackle the problem through rural education and giving villagers a financial stake in protecting the land.

The government of President Ivan Duque has launched an ambitious programme of planting 180 million trees by 2022, providing work in a further effort to decrease the influence of drug gangs.

The country has strengthened its laws to jail people cutting down trees, and their financial backers, for up to 15 years.

The Putumayo river in the Amazon jungle. AFP
The Putumayo river in the Amazon jungle. AFP

Research claimed that deforestation accelerated from 2016 in part because of the withdrawal of FARC rebels from the jungles. The group had previously discouraged deforestation as it destroyed the areas where they were able to hide from government forces.

The withdrawal of the rebels also opened up protected areas to cattle ranchers and a new wave of settlers.

But Mr Correa said the 2016 peace deal meant the government is now able to extend its own full control over the country.

He said Colombia is now seeing the fruits of the policy as deforestation has fallen sharply from the highs of 2017, with cuts of more than a third in 2021 compared to the previous year.

The country has a goal of “zero deforestation” by 2030, which would put it on track for limiting CO2 emissions to no more than what is stored in its vast forests.

The goal is in line with an agreement agreed to by more than 100 governments at Cop26, including Colombia and Brazil. The deal was backed by funding of $19 billion but experts said a previous deal in 2014 had failed to limit the practice.

Mr Correa said the policy has been aided by thousands of contracts signed with villagers, who are given 10-year deals to conserve, restore and make sustainable use of 100-hectare plots of land.

“If you give people an income, they will stop affecting natural resources, like deforestation or illegal traffic of fauna,” said Mr Correa.

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Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

The Gandhi Murder
  • 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
  • 34 - Nationalities featured in the film The Gandhi Murder
  • 7 - million dollars, the film's budget 
What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

WRESTLING HIGHLIGHTS
Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

·

Balance is essential to happiness, health and wealth 

·

What is a portfolio stress test? 

·

What are NFTs and why are auction houses interested? 

·

How gamers are getting rich by earning cryptocurrencies 

·

Should you buy or rent a home in the UAE?  

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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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.”

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Profile of RentSher

Started: October 2015 in India, November 2016 in UAE

Founders: Harsh Dhand; Vaibhav and Purvashi Doshi

Based: Bangalore, India and Dubai, UAE

Sector: Online rental marketplace

Size: 40 employees

Investment: $2 million

Updated: November 14, 2021, 4:36 AM