French President Emmanuel Macron (R) shakes hands with German Chancellor Angela Merkel during bilateral talks on the sidelines of the UN conference on climate change (COP23) on November 15, 2017 in Bonn, western Germany. AFP / John Macdougall
French President Emmanuel Macron (R) shakes hands with German Chancellor Angela Merkel during bilateral talks on the sidelines of the UN conference on climate change (COP23) on November 15, 2017 in BoShow more

France, Germany urge more action on climate after US abandons Paris accord



The leaders of Germany and France promised to limit the use of coal and urged more action to combat global warming after Donald Trump pulled the US out of the 2015 Paris Agreement.

On Wednesday, German chancellor Angela Merkel and France's president Emmanuel Macron said the pact was only a start to reining-in global temperatures, blamed for stoking more heatwaves, floods and rising sea levels, and that measures needed to be toughened.

"Climate change is by far the most significant struggle of our times," Ms Merkel told delegates from nearly 200 nations attending a November 6-17 meeting in Bonn on ways of bolstering the Paris accord that seeks to end the fossil fuel era this century.

Mrs Merkel said Germany needed to cut its dependence on coal power in order to significantly reduce emissions.

Mrs Merkel's conservatives are seeking to form a coalition government that includes the ecologist Greens, who are demanding steep cuts in carbon dioxide emissions by 2020.

“We know that Germany still uses coal to a large extent and coal, especially brown coal, should make a contribution to meet our [emissions reduction] goals,” Mrs Merkel said.

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Mr Macron said France aimed to close down all coal-fired power plants by 2021 as part of action to limit greenhouse gas emissions.

Mr Macron, who will host a summit in Paris on December 12 about climate finance, said France would make up for a shortfall in US funding for the climate science research by the UN's Intergovernmental Panel on Climate Change (IPCC).

“They will not miss a single euro,” he said to applause. US contributions to the IPCC budget have been about €2 million annually in recent years.

Mr Trump, who doubts climate change is primarily caused by man-made emissions, said in June that he would pull the US out of the Paris Agreement and instead promote the coal and fossil fuel industries.

Mrs Merkel praised an alliance of US states, cities and companies called America's Pledge to compensate for Trump's decision.

“I welcome this as it highlights the importance of climate protection in large parts of the US regardless of the decision by president Trump to leave the Paris accord,” she said.

Some environmental groups were disappointed that Mrs Merkel did not set a date for phasing out coal, saying greenhouse gas emissions were harming vulnerable people.

"She needed to come to Bonn and show she had heard the suffering of the people of the Pacific and around the world ... She did not deliver this," said Jennifer Morgan, executive director of Greenpeace.

In the coalition talks, the Greens are holding out for carbon dioxide emissions cuts totalling 120 million tonnes that would require the closure of 20 power plants.

Mrs Merkel's conservatives and the pro-business Free Democrats - the third partner in the coalition talks - want cuts of up to 66 million tonnes.

Earlier, UN Secretary-General Antonio Guterres told delegates in Bonn that governments should put a price on carbon emissions and stop making bad bets on fossil fuels.

“Growing carbon markets in Europe and North America, and China’s expected announcement of one of the world’s largest emissions trading systems, are a good sign,” Mr Guterres said.

“But to meet the Paris goals we need at least 50 per cent global coverage and a higher price on carbon to drive large-scale climate action,” he said.

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Company%20Profile
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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

The%20Specs
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BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

Henrik Stenson's finishes at Abu Dhabi HSBC Championship:

2006 - 2
2007 - 8
2008 - 2
2009 - MC
2010 - 21
2011 - 42
2012 - MC
2013 - 23
2014 - MC
2015 - MC
2016 - 3
2017 - 8

DUBAI%20BLING%3A%20EPISODE%201
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ENetflix%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EKris%20Fade%2C%20Ebraheem%20Al%20Samadi%2C%20Zeina%20Khoury%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
The biog

Name: James Mullan

Nationality: Irish

Family: Wife, Pom; and daughters Kate, 18, and Ciara, 13, who attend Jumeirah English Speaking School (JESS)

Favourite book or author: “That’s a really difficult question. I’m a big fan of Donna Tartt, The Secret History. I’d recommend that, go and have a read of that.”

Dream: “It would be to continue to have fun and to work with really interesting people, which I have been very fortunate to do for a lot of my life. I just enjoy working with very smart, fun people.”

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COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

SPECS
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How Islam's view of posthumous transplant surgery changed

Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.

One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

Janet Yellen's Firsts

  • In 2014, she became the first woman to lead the US Federal Reserve 
  • In 1999, she became the first female chair of the White House Council of Economic Advisers 
The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Australia (15-1): Israel Folau; Dane Haylett-Petty, Reece Hodge, Kurtley Beale, Marika Koroibete; Bernard Foley, Will Genia; David Pocock, Michael Hooper (capt), Lukhan Tui; Adam Coleman, Izack Rodda; Sekope Kepu, Tatafu Polota-Nau, Tom Robertson.

Replacements: Tolu Latu, Allan Alaalatoa, Taniela Tupou, Rob Simmons, Pete Samu, Nick Phipps, Matt Toomua, Jack Maddocks.

Champions parade (UAE timings)

7pm Gates open

8pm Deansgate stage showing starts

9pm Parade starts at Manchester Cathedral

9.45pm Parade ends at Peter Street

10pm City players on stage

11pm event ends

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