• Engineers carry solar panels on to the roof of a property in Barcelona in September 2022. Spain and other Mediterranean countries have generated record amounts of power from wind and solar farms. Bloomberg
    Engineers carry solar panels on to the roof of a property in Barcelona in September 2022. Spain and other Mediterranean countries have generated record amounts of power from wind and solar farms. Bloomberg
  • Smoke rises from brick factory stacks in Nahrawan, Baghdad. Tackling emissions from heavy industry is crucial to tackling global warming. Reuters
    Smoke rises from brick factory stacks in Nahrawan, Baghdad. Tackling emissions from heavy industry is crucial to tackling global warming. Reuters
  • A boy stands near a flock of sheep as a sandstorm approaches in the Syrian countryside of Tabqa. Syria is among the countries most vulnerable and poorly prepared for climate change, which is expected to worsen. AFP
    A boy stands near a flock of sheep as a sandstorm approaches in the Syrian countryside of Tabqa. Syria is among the countries most vulnerable and poorly prepared for climate change, which is expected to worsen. AFP
  • Mountains of smouldering rubbish at the Bhalswa landfill in New Delhi, India. Reuters
    Mountains of smouldering rubbish at the Bhalswa landfill in New Delhi, India. Reuters
  • FILE - Activists of the environment organization Greenpeace protest with CO2 letters illuminated with flames in front of the Brandenburg Gate against the climate change in Berlin, Germany, May 6, 2021. Two new high-powered panels have started to look at the ethics and governing rules surrounding the controversial technologies of geoengineering. They are looking at the idea of putting particles in the air to reflect sunlight, brightening clouds and sucking carbon dioxide out of the atmosphere. (AP Photo / Markus Schreiber, File)
    FILE - Activists of the environment organization Greenpeace protest with CO2 letters illuminated with flames in front of the Brandenburg Gate against the climate change in Berlin, Germany, May 6, 2021. Two new high-powered panels have started to look at the ethics and governing rules surrounding the controversial technologies of geoengineering. They are looking at the idea of putting particles in the air to reflect sunlight, brightening clouds and sucking carbon dioxide out of the atmosphere. (AP Photo / Markus Schreiber, File)
  • A man carries water bottles across the heavily polluted Negro River in Manaus, Brazil. About 35 tonnes of rubbish are removed daily from the river. AP
    A man carries water bottles across the heavily polluted Negro River in Manaus, Brazil. About 35 tonnes of rubbish are removed daily from the river. AP
  • A helicopter drops water on a brush fire in California. Bloomberg
    A helicopter drops water on a brush fire in California. Bloomberg
  • UN climate chief Patricia Espinosa speaks on the opening day of the Bonn climate change conference in Germany. Getty
    UN climate chief Patricia Espinosa speaks on the opening day of the Bonn climate change conference in Germany. Getty
  • Activists take part in a demonstration to raise awareness of global warming, during an event to mark World Environment Day in Kolkata. AFP
    Activists take part in a demonstration to raise awareness of global warming, during an event to mark World Environment Day in Kolkata. AFP
  • A helicopter drops water on a bushfire near a residential district in Athens. The fire forced residents to flee. AFP
    A helicopter drops water on a bushfire near a residential district in Athens. The fire forced residents to flee. AFP
  • A gauge measures water levels in the Rio Nambe river, in New Mexico. Ninety per cent of the state is experiencing extreme drought. Getty
    A gauge measures water levels in the Rio Nambe river, in New Mexico. Ninety per cent of the state is experiencing extreme drought. Getty
  • Afghan refugees search for recyclable material from heaps of rubbish in Karachi, Pakistan. AP
    Afghan refugees search for recyclable material from heaps of rubbish in Karachi, Pakistan. AP
  • A climate activist ties herself to the net during the semi-final tennis match between Croatia's Marin Cilic and Norway's Casper Ruud at the French Open in Roland Garros in Paris. AP
    A climate activist ties herself to the net during the semi-final tennis match between Croatia's Marin Cilic and Norway's Casper Ruud at the French Open in Roland Garros in Paris. AP
  • A dance group performs at a climate summit in Stockholm, Sweden. Getty
    A dance group performs at a climate summit in Stockholm, Sweden. Getty
  • US climate envoy John Kerry talks to a delegate at the Stockholm 50 climate summit. Getty
    US climate envoy John Kerry talks to a delegate at the Stockholm 50 climate summit. Getty
  • A boat is stranded during low tide at the Chebayesh marsh in Dhi Qar province, Iraq. Reuters
    A boat is stranded during low tide at the Chebayesh marsh in Dhi Qar province, Iraq. Reuters
  • A woman crosses a polluted river in Dhaka, Bangladesh. EPA
    A woman crosses a polluted river in Dhaka, Bangladesh. EPA
  • A man walks past an abandoned boat in the bed of a drought-affected reservoir on the outskirts of Sana'a, Yemen. EPA
    A man walks past an abandoned boat in the bed of a drought-affected reservoir on the outskirts of Sana'a, Yemen. EPA

UN climate chief says 'much more is needed' to combat global warming


  • English
  • Arabic

Nations must not lose hope and focus in tackling global warming despite the many obstacles to international co-operation, the UN climate chief said on Monday at the start of a 10-day meeting in Bonn, Germany.

Patricia Espinosa, whose second term as head of the UN climate office ends this year, spoke in front of diplomats from around the world who will try, during the international gathering, to lay the foundations for this year’s international climate summit in Egypt.

“I appeal to all of you, especially in these difficult and challenging times, not to lose hope, not to lose focus, but to use our united efforts against climate change as the ultimate act of unity between nations,” she said.

Since signing the 2015 Paris climate accord, most countries have stepped up their efforts to reduce greenhouse gases responsible for human-made global warming.

But, collectively, those pledges still fall far short of what is needed to limit global warming to 1.5ºC above pre-industrial levels by the end of the century.

While Ms Espinosa said that “much more” is needed, she noted that the commitments so far were made during a time of international turmoil — from former US president Donald Trump's decision to pull his country out of the Paris accord, later reversed by the Biden administration, to the first years of the coronavirus pandemic.

“We must never give in to despair,” she said, joining a chorus of scientists and policymakers who reject climate doomism. “We must continue to move forward. Look at what we have accomplished in the last six years.”

Many of the key issues delegates will try to resolve in the coming days centre on financial aid to poor countries struggling to cope with the impact of climate change.

Ms Espinosa made it clear that she expected leaders to provide their delegates with the necessary backing to agree upon what she described as a “balanced package” soon.

“We must understand that climate change is moving exponentially. We can no longer afford to make just incremental progress,” she said. “We must move these negotiations along more quickly. The world expects it.”

  • A remaining pond at the dried-up Sawa Lake on the edge of Iraq’s western desert. AFP
    A remaining pond at the dried-up Sawa Lake on the edge of Iraq’s western desert. AFP
  • A street sign for Sawa Lake. A sharp drop in rainfall –now only at 30 per cent of what used to be normal for the region – has lowered the underground water table, said a senior advisor at Iraq's water resources ministry. AFP
    A street sign for Sawa Lake. A sharp drop in rainfall –now only at 30 per cent of what used to be normal for the region – has lowered the underground water table, said a senior advisor at Iraq's water resources ministry. AFP
  • Hotels and tourist facilities near Sawa Lake have been abandoned. AFP
    Hotels and tourist facilities near Sawa Lake have been abandoned. AFP
  • Dry, arid landscape remains. AFP
    Dry, arid landscape remains. AFP
  • What's left of hotel accommodation. AFP
    What's left of hotel accommodation. AFP
  • Iraq's Sawa Lake was once a popular tourist destination. AFP
    Iraq's Sawa Lake was once a popular tourist destination. AFP
  • What was once a tourist hotspot now stands empty. AFP
    What was once a tourist hotspot now stands empty. AFP
  • Parts of Sawa Lake are completely dry. AFP
    Parts of Sawa Lake are completely dry. AFP
  • Bottles and plastic bags litter what was once a luscious lake. AFP
    Bottles and plastic bags litter what was once a luscious lake. AFP
  • What was once a lake is now dry, arid landscape. AFP
    What was once a lake is now dry, arid landscape. AFP
  • Lake Milh, also known as Razzaza Lake, in Iraq's central province of Karbala is also facing the perils of drought. AFP
    Lake Milh, also known as Razzaza Lake, in Iraq's central province of Karbala is also facing the perils of drought. AFP
  • Dead fish litter Iraq's Lake Milh. AFP
    Dead fish litter Iraq's Lake Milh. AFP
  • Human activity and climate change have combined to turn the site into a barren wasteland with piles of salt. AFP
    Human activity and climate change have combined to turn the site into a barren wasteland with piles of salt. AFP
  • This aerial view shows horses running in Lake Milh. AFP
    This aerial view shows horses running in Lake Milh. AFP
  • Sawa Lake is now dry due to years of drought. AFP
    Sawa Lake is now dry due to years of drought. AFP

Representatives of the group of 46 Least Developed Countries demanded that big polluters such as China and the US cut their emissions more strongly and pay for the damage that is already resulting from climate change.

“Countries with much greater responsibility and capabilities than ours must close the funding gap so that when the impacts of climate change hit — when houses and hospitals are washed away, when crops are destroyed, when islands sink and when whole communities are displaced — the costs don’t land on the already vulnerable households,” said the group’s chairperson, Madeleine Diouf Sarr from Senegal.

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

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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

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

COMPANY%20PROFILE
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Updated: June 07, 2022, 10:02 AM