European Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevicius told The National the UAE can lead the conversation on green energy transition. EPA
European Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevicius told The National the UAE can lead the conversation on green energy transition. EPA
European Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevicius told The National the UAE can lead the conversation on green energy transition. EPA
European Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevicius told The National the UAE can lead the conversation on green energy transition. EPA

EU official says UAE can lead conversation on green energy switch at Cop28


Sunniva Rose
  • English
  • Arabic

Fossil fuel-rich countries like the UAE are demonstrating how to make a difference in leading the global conversation about transitioning away from oil, gas and coal to more climate-friendly sources of energy, the EU Environment Commissioner Virginijus Sinkevicius has told The National.

As states finalise their negotiating positions ahead of Cop28, which will be held in Dubai in November, Mr Sinkevicius said that “having a presidency located in an oil and gas-rich region” and committed to phasing out unabated fossil fuels was a “strong signal to other countries”.

“We expect and hope that [the UAE] will continue pushing for that,” he said. “I think that it is going to be a moment of truth for the UAE to show their leadership.”

The 32-year-old Lithuanian politician spoke to The National from his office in Brussels shortly after returning from his first official trip to China. Mr Sinkevicius struck an upbeat tone, saying that he hoped that “the dynamics in Dubai would be different” than at the G20, where India had “done a really good job in a challenging situation”.

One reason to hope for more tangible outcomes at the UN climate meeting, Mr Sinkievicius said, is the high profile carved out for the private sector at the UAE-led event. “We are seeing that more and more countries and the private sector are taking what Paris set up for us as goals much more seriously,” he said.

“This is absolutely critical. Many still think that phasing out is going to cause a slowdown of the economy, which is absolutely not true.”

The overarching goal of the 2015 Paris Agreement is to limit the global temperature increase to 1.5 degrees above pre-industrial levels. This entails greenhouse gas emissions peaking before 2025 and declining by 43 per cent by 2030. The EU commissioner said the impact of weather extremes in Europe and elsewhere was having a salutatory effect on how people view climate challenges.

“The summer we just experienced is also another proof that we are under big pressure, and scientists warn us again and again that we need to keep the planet within the 1.5 degrees boundary,” Mr Sinkevicius said, referring to extreme climate events, including wildfires and floods, that have killed thousands in recent months.

Focus on biodiversity

Such events reflect a “new normal” due to the effects of climate change, New York Governor Kathy Hochul warned on Saturday after dramatic floods in the city stranded commuters and forced some subway and commuter rail lines to shut down.

EU sources have said Brussels wants a clear commitment to net zero by 2050 with the understanding that the global economy must curtail its heavy dependence on fossil fuels.

In parallel, some large developing economies such as Indonesia have called out western donors for not supporting them enough in their transition away from coal out of fear of a public backlash.

For Mr Sinkevicius, whose recent achievements involve playing a key role in negotiations for a high seas protection treaty, Cop28 will be a key moment to focus on protecting the planet’s rapidly deteriorating biodiversity.

“We are working to have a biodiversity day – a dedicated day for biodiversity,” he said.

This is important to “ensure that the Paris Agreement can be bridged with the biodiversity framework that was agreed in Montreal”, he said.

Agreed in June, the Kunming-Montreal Global Biodiversity Framework is a non-binding text that aims to halt and reverse biodiversity loss by 2030 through achieving such goals as reducing the extinction rate and risk of all species tenfold.

Biodiversity loss and climate change are interlinked and must not be treated as different challenges, Mr Sinkevicius said. “Implementing the Paris Agreement won’t be enough if we have a continued degradation of the ecosystem, the oceans, the forests and so on.”

The idea that climate change and biodiversity are “two sides of the same coin” has been gaining traction, Sabien Leemans, senior biodiversity policy officer at the World Wildlife Fund, told The National.

Restoring natural habitats can help increase people’s resilience to climate change, such as through preventing droughts or floods. Forest or peatland restoration can also capture “millions of tonnes of carbon”, Ms Leemans said.

  • An aerial shot of the Great Barrier Reef in Australia, showing parts of the reef that has been subjected to coral bleaching.
    An aerial shot of the Great Barrier Reef in Australia, showing parts of the reef that has been subjected to coral bleaching.
  • A house located on land that has been deformed by permafrost thaw at a former airfield in Churapcha, Russia. Reuters
    A house located on land that has been deformed by permafrost thaw at a former airfield in Churapcha, Russia. Reuters
  • Native vegetation has been cut down to give space for eucalyptus plantations in the Setubinha region in Brazil. AFP
    Native vegetation has been cut down to give space for eucalyptus plantations in the Setubinha region in Brazil. AFP
  • A large melt pool forms in the Ilulissat ice fjord below the Jakobshavn Glacier at the fringe of the Greenland ice sheet. AP
    A large melt pool forms in the Ilulissat ice fjord below the Jakobshavn Glacier at the fringe of the Greenland ice sheet. AP
  • Lake Erhai in China has become eutrophic (where an entire body of water becomes enriched with nutrients and minerals) which caused algal growth that destroyed other life. Photo: Ronan O'Connell
    Lake Erhai in China has become eutrophic (where an entire body of water becomes enriched with nutrients and minerals) which caused algal growth that destroyed other life. Photo: Ronan O'Connell
  • Deforestation in Para state, Brazil. AFP
    Deforestation in Para state, Brazil. AFP
  • Moai statues in Easter Island, Chile, were damaged after a wildfire. Reuters
    Moai statues in Easter Island, Chile, were damaged after a wildfire. Reuters

High on Mr Sinkevicius’ biodiversity agenda is the implementation of a new global biodiversity fund, which was launched in August to help protect wild species and ecosystems, as the UN calls for contributions to protect 30 per cent of land and coastal areas by 2030.

Canada has announced it will contribute 200 million Canadian dollars ($147 million), while Britain has pledged £10 million ($13 million).

The world's least developed countries and small island states are expected to take priority and receive more than a third of the funds, with as much as 20 per cent to go to projects led by Indigenous people and local communities.

Other senior European officials – including Mr Sinkevicius’ boss, European Commission President Ursula von der Leyen – are also expected to attend Cop28.

The European Commission hopes to lead by example with an ambitious set of climate policies that aim to make the continent carbon neutral by 2050.

They have, however, faced internal opposition within the European Parliament, and some member states' governments have watered down green legislation amid populist rhetoric.

Mr Sinkevicius is upbeat about the proposals the Europeans have put forward. “I think there is a positive momentum that we need to keep,” he said.

The Birkin bag is made by Hermès. 
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.

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UAE%20SQUAD
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Gertrude Bell's life in focus

A feature film

At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.

A documentary

A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.

Books, letters and archives

Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
 

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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Prop idols

Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.

Sophie Shams (Dubai Exiles mini, England sevens international)

An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.

----

Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)

Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.

----

Erin King (Dubai Hurricanes mini, Ireland sevens international)

Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.

Results
%3Cp%3E%3Cstrong%3EStage%203%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Einer%20Rubio%20(COL)%20Movistar%20Team%20-%204h51%E2%80%9924%E2%80%9D%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%20-%2014%22%3Cbr%3E3.%20Adam%20Yates%20(GBR)%20UAE%20Team%20Emirates%20-%2015%22%3Cbr%3E%3Cstrong%3EGeneral%20classifications%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders)%20-%207%22%3Cbr%3E3.%20Pello%20Bilbao%20(ESP)%20Bahrain%20Victorious%20-%2011%22%3C%2Fp%3E%0A

'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars

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%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

Updated: October 03, 2023, 7:50 AM