A top climate scientist has said abolishing behaviour adopted during the pandemic, such as working from home and flying less, would severely hamper global net-zero ambitions.
“We expect transport to return more to pre-pandemic emissions in 2022,” said Pierre Friedlingstein, Mathematical Modelling of Climate Systems chairman at Exeter University.
The warning came after the UK government published data showing a significant decrease in emissions in 2020 when the country was subject to Covid-19 restrictions, curtailing the freedom to travel and meet up.
Overall, UK greenhouse gas emissions in 2020 stood at 406 million tonnes CO2 equivalent (MtCO2e), a reduction of 9.5 per cent from 2019 and 49.7 per cent from 1990.
Transport was the most polluting sector but the UK government is placing its faith in a wide-ranging reset of its energy consumption profile.
“Moving forward, we are building on the UK’s track record of having decarbonised faster than any other G7 country, by doubling down on our plan to build a strong, home-grown renewable energy sector to further reduce Britain’s reliance on fossil fuels,” a government spokesman told The National.
Since the onset of the pandemic, the transport sector saw the biggest percentage of reduction in emissions, but with restrictions easing those gains could snap back.
Breaking down transport into its constituent sectors, domestic aviation emissions fell by a precipitous 57 per cent, with the next biggest fall coming from road use, in which emissions dropped by 19 per cent.
The reduction in emissions from transport was not a UK-only phenomenon, as much of the world was also subject to equally stringent restrictions.
“Transport emissions globally have been massively affected by pandemic, falling around 25 per cent in 2020,” said Prof Friedlingstein.
The UK has yet to publish figures for last year, but the first indications are that overall global emissions bounced back to near pre-pandemic levels, with transport the only outlier.
Adhering to Covid-19 rules caused emissions from international travel to fall by 61 per cent between 2019 and 2020.
This plunge isn't expected to last.
“[A quarter] of the world's emissions come from transport and there's no clear trend in reduction. But it has to happen," Prof Friedlingstein said.
Covid's silver lining
While the need to accelerate the transition to cleaner fuels and develop greener global infrastructures is paramount, Prof Friedlingstein believes at least some of the behavioural changes foisted upon the world by Covid-19 restrictions must endure if net-zero targets are to be reached.
“Because of the pandemic, people realise working from home is something we can do,” he said.
People are willing to make small changes to save the planet, but governments have to invest to make them acceptable
Pierre Friedlingstein,
Exeter University
“Reducing travel and having more and more virtual meetings is also something we can do. I am hoping this trend will continue in the future.”
He added that governments must play a role in this transition.
“The changes should be incentivised and people made to feel they don't cost too much,” he said.
“People are willing to make small changes to save the planet, but governments have to invest to make them acceptable.”
Prof Friedlingstein would also like to see an end to ultra-cheap, short-haul flights.
To avoid travel becoming the preserve of the rich, he suggested an individual carbon quota might have to be imposed, placing limits on how much people can fly.
A UK government representative acknowledged the impact of Covid-19 but didn't draw any behavioural conclusions. Instead, the focus was placed on the UK's technological track record and future aspirations.
Prof Friedlingstein, however, sees the focus on technology alone as a missed opportunity.
“Lifestyles do change, and you see trends in people such as going vegan or in less consumption of meat. And these have happened over the last 10 years," he said.
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In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
UAE currency: the story behind the money in your pockets
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
The specs: 2018 Maxus T60
Price, base / as tested: Dh48,000
Engine: 2.4-litre four-cylinder
Power: 136hp @ 1,600rpm
Torque: 360Nm @ 1,600 rpm
Transmission: Five-speed manual
Fuel consumption, combined: 9.1L / 100km
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.”
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Tips for entertaining with ease
· Set the table the night before. It’s a small job but it will make you feel more organised once done.
· As the host, your mood sets the tone. If people arrive to find you red-faced and harried, they’re not going to relax until you do. Take a deep breath and try to exude calm energy.
· Guests tend to turn up thirsty. Fill a big jug with iced water and lemon or lime slices and encourage people to help themselves.
· Have some background music on to help create a bit of ambience and fill any initial lulls in conversations.
· The meal certainly doesn’t need to be ready the moment your guests step through the door, but if there’s a nibble or two that can be passed around it will ward off hunger pangs and buy you a bit more time in the kitchen.
· You absolutely don’t have to make every element of the brunch from scratch. Take inspiration from our ideas for ready-made extras and by all means pick up a store-bought dessert.
Anxiety and work stress major factors
Anxiety, work stress and social isolation are all factors in the recogised rise in mental health problems.
A study UAE Ministry of Health researchers published in the summer also cited struggles with weight and illnesses as major contributors.
Its authors analysed a dozen separate UAE studies between 2007 and 2017. Prevalence was often higher in university students, women and in people on low incomes.
One showed 28 per cent of female students at a Dubai university reported symptoms linked to depression. Another in Al Ain found 22.2 per cent of students had depressive symptoms - five times the global average.
It said the country has made strides to address mental health problems but said: “Our review highlights the overall prevalence of depressive symptoms and depression, which may long have been overlooked."
Prof Samir Al Adawi, of the department of behavioural medicine at Sultan Qaboos University in Oman, who was not involved in the study but is a recognised expert in the Gulf, said how mental health is discussed varies significantly between cultures and nationalities.
“The problem we have in the Gulf is the cross-cultural differences and how people articulate emotional distress," said Prof Al Adawi.
“Someone will say that I have physical complaints rather than emotional complaints. This is the major problem with any discussion around depression."
Daniel Bardsley
LIVERPOOL%20TOP%20SCORERS
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Bio:
Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour
Favourite Hobby: Serving poor people
Favourite Book: The Alchemist by Paulo Coelho
Favourite food: Fish and vegetables
Favourite place to visit: London
MADAME%20WEB
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million