Waste pickers need better working conditions for a sustainable economy to work, one expert said. AFP
Waste pickers need better working conditions for a sustainable economy to work, one expert said. AFP
Waste pickers need better working conditions for a sustainable economy to work, one expert said. AFP
Waste pickers need better working conditions for a sustainable economy to work, one expert said. AFP

Recycling, carbon capture, inequality: Experts find blind spots in Cop26 plans


Tim Stickings
  • English
  • Arabic

As world leaders arrived in Glasgow on Monday for the first day of Cop26, critics said their climate plans were lacking focus on vital issues such as recycling, carbon capture and inequality.

Dozens of countries have put forward what they say are ambitious strategies to limit global warming to 1.5°C, the goal of the Paris Agreement.

But plans submitted for Cop26 were “overwhelmingly focused on the clean energy transition”, said Hatty Cooper, who advocates a circular economy that emphasises reusing and recycling goods.

This means there is too little attention on preventing waste, even though saving resources could cut emissions by about 40 per cent, she said.

“We need an alternative model of production and consumption,” she said. “We need consumers to change their behaviour.”

Just last week, UK Prime Minister Boris Johnson said that recycling "doesn't work" and "is not the answer" to tackling environmental problems.

A panel of experts speaking on the sidelines of Cop26 said there should be more focus on the social effects of going green.

Panagiotis Fragkos, a climate modeller, said the measures championed by world leaders would lose public support if they cause widespread inequality.

Politicians have sought to play down concerns that the green transition would lead to higher costs or lower living standards.

But “one of the blind spots” in their climate plans is that they are “lacking social justice considerations”, said Patrick Schroeder, a researcher at the Chatham House think tank.

For example, recyclers and informal rubbish pickers need to have better working conditions for a low-waste economy to work, Mr Schroeder said.

“It’s a really important issue that needs to be addressed to make the circular economy more efficient and also make it work for human development objectives,” he said.

“Many of the social and political issues so far have been neglected.”

  • British Prime Minister Boris Johnson delivers a speech during the opening ceremony of the Cop26 summit in Glasgow. AP
    British Prime Minister Boris Johnson delivers a speech during the opening ceremony of the Cop26 summit in Glasgow. AP
  • Boris Johnson greets US President Joe Biden. AP
    Boris Johnson greets US President Joe Biden. AP
  • Journalists listen to a live transmission of the speech by Boris Johnson. AFP
    Journalists listen to a live transmission of the speech by Boris Johnson. AFP
  • Sir David Attenborough delivers a speech during the opening ceremony. Reuters
    Sir David Attenborough delivers a speech during the opening ceremony. Reuters
  • Prince Charles arrives for the summit. Getty Images
    Prince Charles arrives for the summit. Getty Images
  • A view of the opening ceremony in Glasgow. AP
    A view of the opening ceremony in Glasgow. AP
  • Boris Johnson speaks to UN Secretary General Antonio Guterres as leaders arrive at the Cop26 summit in Glasgow. AP
    Boris Johnson speaks to UN Secretary General Antonio Guterres as leaders arrive at the Cop26 summit in Glasgow. AP
  • Boris Johnson greets Indian Prime Minister Narendra Modi ahead of their bilateral meeting. Getty Images
    Boris Johnson greets Indian Prime Minister Narendra Modi ahead of their bilateral meeting. Getty Images
  • A member of staff adjusts flags before the arrival of leaders in Glasgow. Getty Images
    A member of staff adjusts flags before the arrival of leaders in Glasgow. Getty Images
  • Boris Johnson and Antonio Guterres in discussion with French President Emmanuel Macron. Reuters
    Boris Johnson and Antonio Guterres in discussion with French President Emmanuel Macron. Reuters
  • Environmental campaigners with 'big heads' of world leaders, including Joe Biden and Boris Johnson, dress in kilts and carry bagpipes as they gather in Royal Exchange Square, central Glasgow. PA
    Environmental campaigners with 'big heads' of world leaders, including Joe Biden and Boris Johnson, dress in kilts and carry bagpipes as they gather in Royal Exchange Square, central Glasgow. PA
  • Delegates queue as they arrive at the event. AP
    Delegates queue as they arrive at the event. AP
  • Boris Johnson waits to greet leaders as they arrive to attend. AFP
    Boris Johnson waits to greet leaders as they arrive to attend. AFP
  • A protester dressed as a dinosaur roars outside the Gallery of Modern Art in Glasgow. PA
    A protester dressed as a dinosaur roars outside the Gallery of Modern Art in Glasgow. PA
  • Boris Johnson and Antonio Guterres hold a conversation with Narendra Modi. AP
    Boris Johnson and Antonio Guterres hold a conversation with Narendra Modi. AP
  • Red Rebellion activists participate in a protest at Glasgow Central Station. Reuters
    Red Rebellion activists participate in a protest at Glasgow Central Station. Reuters
  • Joe Biden attends the opening session of Cop26. AP Photo
    Joe Biden attends the opening session of Cop26. AP Photo
  • Canada's Prime Minister Justin Trudeau arrives at the Cop26 summit. PA
    Canada's Prime Minister Justin Trudeau arrives at the Cop26 summit. PA
  • Boris Johnson greets Antonio Guterres and Palestinian Prime Minister Mohammed Shtayyeh. AP
    Boris Johnson greets Antonio Guterres and Palestinian Prime Minister Mohammed Shtayyeh. AP
  • Emmanuel Macron speaks to reporters. Reuters
    Emmanuel Macron speaks to reporters. Reuters
  • Scotland's First Minister Nicola Sturgeon (C) poses for a photograph as she meets climate activists Vanessa Nakate (R) and Greta Thunberg. AFP
    Scotland's First Minister Nicola Sturgeon (C) poses for a photograph as she meets climate activists Vanessa Nakate (R) and Greta Thunberg. AFP
  • A man tries out virtual reality goggles at the SECC in Glasgow, the venue for Cop26. Getty Images
    A man tries out virtual reality goggles at the SECC in Glasgow, the venue for Cop26. Getty Images
  • Boris Johnson welcomes German Chancellor Angela Merkel. Getty Images
    Boris Johnson welcomes German Chancellor Angela Merkel. Getty Images
  • Egyptian President Abdel Fattah El Sisi arrives at Cop26. PA
    Egyptian President Abdel Fattah El Sisi arrives at Cop26. PA
  • Indonesian traditional dancers perform. Reuters
    Indonesian traditional dancers perform. Reuters

Negotiators will discuss gender inequality in the second week of the summit. The penultimate day of talks will focus on cities and regions.

Before then, they will discuss the financing and clean energy measures at the heart of their plans.

But another weakness, experts say, is that leaders are vague about how much they plan to offset emissions by removing carbon from the atmosphere.

This can include planting trees as well as using more cutting-edge technology such as carbon capture and storage.

Climate activists say governments should not rely on futuristic technology to avoid having to cut emissions now.

But some of the plans submitted for Cop26 suggest that carbon capture will “allow us to buy more time”, said Heather Jacobs, who has carried out research for Wageningen University in the Netherlands.

In addition, plans that rely on using trees and plants could run into the problem that such natural resources are needed for other green initiatives.

Countries can “end up in this kind of vicious cycle that leads to a state of inaction”, Ms Jacobs said. “This need to satisfy multiple different goals … leads countries to overestimate the availability of natural resources that are already in use now.”

Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press 

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Rawat Al Reef, Adrie de Vries (jockey), Abdallah Al Hammadi (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m; Winner: Noof KB, Richard Mullen, Ernst Oertel

6pm: Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Seven Skies, Bernardo Pinheiro, Qaiss Aboud

6.30pm: Handicap (PA) Dh80,000 (T) 2,200m; Winner: Jabalini, Szczepan Mazur, Ibrahim Al Hadhrami

7pm: UAE Arabian Derby – Prestige (PA) Dh150,000 (T) 2,200m; Winner: Dergham Athbah, Richard Mullen, Mohamed Daggash

7.30pm: Emirates Championship – Group 1 (PA) Dh1,000,000 (T) 2,200m; Winner: Somoud, Richard Mullen, Jean de Roualle

8pm: Abu Dhabi Championship – Group 3 (TB) Dh380,000 (T) 2,200m; Winner: Irish Freedom, Antonio Fresu, Satish Seemar

Defending champions

World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack

Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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.”

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
The biog

Job: Fitness entrepreneur, body-builder and trainer

Favourite superhero: Batman

Favourite quote: We must become the change we want to see, by Mahatma Gandhi.

Favourite car: Lamborghini

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

MATCH INFO

Rugby World Cup (all times UAE)

Third-place play-off: New Zealand v Wales, Friday, 1pm

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

%3Cp%3E%3Cstrong%3EFixtures%3C%2Fstrong%3E%3Cbr%3E%3Cbr%3ESaturday%2C%20May%2028%2C%20United%20States%20v%20Scotland%3Cbr%3ESunday%2C%20May%2029%2C%20United%20States%20v%20Scotland%3Cbr%3ETuesday%2C%20May%2031%2C%20UAE%20v%20Scotland%3Cbr%3EWednesday%2C%20June%201%2C%20UAE%20v%20United%20States%3Cbr%3EFriday%2C%20June%203%2C%20UAE%20v%20Scotland%3Cbr%3ESaturday%2C%20June%204%2C%20UAE%20v%20United%20States%3Cbr%3E%3Cbr%3E%3Cstrong%3EUAE%20squad%3A%20%3C%2Fstrong%3EAhmed%20Raza%20(captain)%2C%20Chirag%20Suri%2C%20Muhammad%20Waseem%2C%20Vriitya%20Aravind%2C%20CP%20Rizwan%2C%20Basil%20Hameed%2C%20Rohan%20Mustafa%2C%20Kashif%20Daud%2C%20Karthik%20Meiyappan%2C%20Zahoor%20Khan%2C%20Junaid%20Siddique%2C%20Alishan%20Sharafu%2C%20Akif%20Raja%2C%20Rahul%20Bhatia%3Cbr%3E%3Cbr%3E%3Cstrong%3ETable%3C%2Fstrong%3E%3Cbr%3E1.%20Oman%2032%2019%2011%2040%20%2B0.156%3Cbr%3E2.%20Scotland%2016%2011%203%2024%20%2B0.574%3Cbr%3E3.%20UAE%2018%2010%206%2022%20%2B0.22%3Cbr%3E4.%20Namibia%2014%207%207%2014%20%2B0.096%3Cbr%3E5.%20United%20States%2016%207%209%2014%20-0.229%3Cbr%3E6.%20Nepal%2012%206%206%2012%20%2B0.113%3Cbr%3E7.%20Papua%20New%20Guinea%2020%201%2019%202%20-0.856%3C%2Fp%3E%0A
The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

Women's Prize for Fiction shortlist

The Silence of the Girls by Pat Barker

My Sister, the Serial Killer by Oyinkan Braithwaite

Milkman by Anna Burns

Ordinary People by Diana Evans

An American Marriage by Tayari Jones

Circe by Madeline Miller

The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

On sale: now

Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

Updated: November 03, 2021, 9:44 AM