The banning of CFCs was part of the global response to tackling climate change. Getty
The banning of CFCs was part of the global response to tackling climate change. Getty
The banning of CFCs was part of the global response to tackling climate change. Getty
The banning of CFCs was part of the global response to tackling climate change. Getty

Earth’s ozone layer still recovering despite setback


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The hole in the Earth's protective ozone layer is still recovering despite a short-term surge in harmful gases blamed on China, researchers concluded.

Chlorofluorocarbons, or CFCs, are chemicals once found in everything from hairspray to refrigerants and are known to destroy the ozone layer.

The 1987 Montreal Protocol mandated that the production of CFCs had to stop by 2010. But just a few years later, levels of CFCs started to rise.

This increase led scientists to anticipate a substantial delay in the ozone's recovery from two years to up to 18 years. But the new findings, published in two studies in Nature, reveal the recovery may have avoided significant delays.

A new study by the National Oceanic and Atmospheric Administration found that global emissions of CFC-11, a key chemical, fell to 52,000 metric tonnes in 2019, which is comparable with the 2008-2012 average – before the unexpected emissions surge.

At the time the rise was discovered, it was largely attributed to unauthorised production of chemicals in China, but in 2017 researchers determined that equipment manufactured before the ban went into effect had been degrading and leaking significant volumes of CFCs into the atmosphere.

“It seems that any substantial delay in ozone-layer recovery has been avoided, perhaps owing to timely reporting and subsequent action by industry and government in China,” the NOAA study researchers wrote.

In 2018 and 2019, China conducted internal inspections and tightened up its enforcement of CFC regulations, and a second new study by researchers at the University of Bristol in the UK suggests they worked.

Using atmospheric observations from South Korea and Japan, the researchers found that about 60 per cent of the global decline in CFC-11 was from reduced emissions from eastern China after 2017.

“The decline in global emissions suggests a substantial decrease in unreported CFC-11 production,” the researchers wrote.

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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The Bloomberg Billionaire Index in full

1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion

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Our Time Has Come
Alyssa Ayres, Oxford University Press

Sleep Well Beast
The National
4AD

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
COMPANY%20PROFILE
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