The UAE’s prominent role in climate change initiatives at the Cop26 summit shows the country is ready to "ride the crest of a wave" of global progress, said Mariam Al Mheiri, Minister of Climate Change and Environment.
Ms Al Mheiri, who has been in Glasgow this week for the launch of the UAE and US joint initiative AIM for Climate to drive rapid and transformative climate action in the agriculture sector, said the nation began its energy transition 15 years ago.
"We like to ride on the crest of the wave, not under it, in many things that we do. I think it's also part of our DNA,” Ms Al Mheiri told The National in Glasgow.
The UAE has been a leader in the drive to net zero for some time, she said.
“When you look at all the discussions that are happening here, everyone's talking about the energy transition. Actually, the energy transition started 15 years ago, our leadership saw the writing on the wall and said we must invest in diversifying our energy mix, even though we are a hydrocarbon producer and exporter. But it's really important that we invest in this and we become experts in it,” she said.
The Agriculture Innovation Mission for Climate unveiled at Cop26 this week has so far mobilised $4 billion of investment, including $1bn from the UAE, to enhance the agriculture sector’s resilience to climate change.
Ms Al Mheiri said the mission plans on "going big”, matching US President Joe Biden’s pledge to double the investment to $8bn “in the next few years”.
The joint initiative is the first global agriculture and climate change coalition and so far has 33 countries on board from six continents, as well as prominent non-governmental backers, such as the Bill and Melinda Gates Foundation.
“We see that food systems are a solution provider for the whole climate mitigation efforts. Innovation and research and development is really key in driving how you can grow foods,” Ms Al Mheiri said.
"The last few months, it's been about mobilising the political will, mobilising investments and putting together a coalition so that we can accelerate our efforts in the next five years to be able to push the boundaries and transition our food systems."
She highlighted the UAE, a country with a hot, arid climate that does not have arable land and where water is scarce, as an example of the challenge.
“But we've got the sunshine, we've got the sea and we've got the sand, so how can we now look at innovation and technology to actually grow food?” she said.
With the UAE importing 90 per cent of its food, she said food security was a top priority for the country.
“The leadership recognised from an early stage that in order for us to be more resilient, we really need to invest more money and effort into building more sustainable food systems. So in 2018, we launched the National Food Security Strategy, we set up the governance model in the UAE and this is all towards a national transition.”
Look at the UAE today, Ms Al Mheiri said, and it is home to a number of ag-tech companies growing blueberries, raspberries, quinoa, salmon and even tomatoes, “food that no one ever thought would be possible to be grown in the desert”.
“It's all down to innovation, research and development that this is now possible and commercially viable. Now, we want to do the same thing globally, helping everyone because it's really our duty as responsible global citizens to share the knowledge to help each other to transition to a more resilient and sustainable world."
The UAE was the first GCC country to sign and ratify the Paris Agreement and the first country in the Mena region to commit to an economywide reduction in emissions.
Unveiled last month, the UAE's strategy to reduce carbon emissions by 2050 will see Dh600bn ($163.35bn) invested in clean and renewable energy sources in the next three decades.
These commitments highlight how the UAE is driving the global net-zero agenda, the minister said.
““We've invested so much in renewable energies that today we're actually operating the three largest in capacity, and lowest in cost, solar power plants in the world,” she said.
“In the region we were the first one that has an industrial scale, carbon capture, utilisation and storage network currently at the capacity of 800,000 tonnes per annum and expanding.”
The UAE becoming the first country in the region to have a zero carbon emission nuclear power plant and the country becoming the permanent host country for the International Renewable Energy Agency are other examples of its commitment to a green future.
“So it was a natural step for us to then also launch the Net Zero by 2050 initiative. And, yes, we're now taking the knowledge that we have on solar power and solar innovation to the world. The UAE has so far spent $17bn already in over 70 countries with another $163bn to be spent in the next three decades as well," Ms Al Mheiri said.
She also welcomed the UAE's bid to host Cop28 in November 2023.
“We want to be global, responsible citizens and that's why we're here with such a strong delegation. And we're so excited and we hope that we win Cop28 and invite the world then to come to the UAE to see to see the actions that we're taking and to help other countries accelerate their efforts as well.”
Earlier on Friday, Ms Almheiri attended a panel discussion with Tom Vilsack, US Secretary of Agriculture, on the Aim for Climate initiative.
“Climate change is happening and it threatens to disrupt our food systems, worsen food insecurity and negatively impact the livelihoods of our agricultural producers," Mr Vilsack said.
“Now is the time for global action to address climate change. Together, we can lead the way with investments in climate-smart solutions that improve the profitability and resilience of agricultural producers and improve forest health, while creating new income opportunities and building wealth that stays in rural communities.”
A further $193 million in increased investment was secured by the AIM for Climate initiative at Cop26 on Friday thanks to eight "innovation sprints", partnerships aimed at increasing agricultural productivity, while adapting and building resilience to climate change and helping to reduce or remove greenhouse gas emissions in the sector.
Among the eight is the US Regenerative Cotton Fund, which will work with American cotton growers to introduce regenerative, healthy soil practices across more than one million acres of cropland over the next five years.
The fund, supported by a $5m investment from Ralph Lauren Corporate Foundation, aims to eliminate one million tonnes of carbon-dioxide equivalent from the atmosphere by 2026.
Turkish Ladies
Various artists, Sony Music Turkey
Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
Central%20Bank's%20push%20for%20a%20robust%20financial%20infrastructure
%3Cul%3E%0A%3Cli%3ECBDC%20real-value%20pilot%20held%20with%20three%20partner%20institutions%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPreparing%20buy%20now%2C%20pay%20later%20regulations%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPreparing%20for%20the%202023%20launch%20of%20the%20domestic%20card%20initiative%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPhase%20one%20of%20the%20Financial%20Infrastructure%20Transformation%20(FiT)%20completed%3C%2Fli%3E%0A%3C%2Ful%3E%0A
How Filipinos in the UAE invest
A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.
Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).
Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.
SOUTH%20KOREA%20SQUAD
%3Cp%3E%0D%3Cstrong%3EGoalkeepers%3A%20%3C%2Fstrong%3EKim%20Seung-gyu%2C%20Jo%20Hyeon-woo%2C%20Song%20Bum-keun%0D%3Cbr%3E%3Cstrong%3EDefenders%3A%20%3C%2Fstrong%3EKim%20Young-gwon%2C%20Kim%20Min-jae%2C%20Jung%20Seung-hyun%2C%20Kim%20Ju-sung%2C%20Kim%20Ji-soo%2C%20Seol%20Young-woo%2C%20Kim%20Tae-hwan%2C%20Lee%20Ki-je%2C%20Kim%20Jin-su%0D%3Cbr%3E%3Cstrong%3EMidfielders%3A%20%3C%2Fstrong%3EPark%20Yong-woo%2C%20Hwang%20In-beom%2C%20Hong%20Hyun-seok%2C%20Lee%20Soon-min%2C%20Lee%20Jae-sung%2C%20Lee%20Kang-in%2C%20Son%20Heung-min%20(captain)%2C%20Jeong%20Woo-yeong%2C%20Moon%20Seon-min%2C%20Park%20Jin-seob%2C%20Yang%20Hyun-jun%0D%3Cbr%3E%3Cstrong%3EStrikers%3A%20%3C%2Fstrong%3EHwang%20Hee-chan%2C%20Cho%20Gue-sung%2C%20Oh%20Hyeon-gyu%3C%2Fp%3E%0A
Specs – Taycan 4S
Engine: Electric
Transmission: 2-speed auto
Power: 571bhp
Torque: 650Nm
Price: Dh431,800
Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor
Transmission: 2-speed auto
Power: 455bhp
Torque: 700Nm
Price: from Dh431,800
Dengue%20fever%20symptoms
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Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
COMPANY PROFILE
Name: Cofe
Year started: 2018
Based: UAE
Employees: 80-100
Amount raised: $13m
Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group
The specs
Engine: 3.6 V6
Transmission: 8-speed auto
Power: 295bhp
Torque: 353Nm
Price: Dh155,000
On sale: now
UAE currency: the story behind the money in your pockets
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
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Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
In numbers
- Number of children under five will fall from 681 million in 2017 to 401m in 2100
- Over-80s will rise from 141m in 2017 to 866m in 2100
- Nigeria will become the world’s second most populous country with 791m by 2100, behind India
- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100
- an average of 2.1 children per woman is required to sustain population growth