US Presidential envoy for climate John Kerry on Wednesday called the UAE and Egypt's work to hasten the energy transformation "bold leadership".
"They're deeply engaged on the cutting edge of trying to help accelerate the transformation," Mr Kerry said in a briefing.
"In addition, the UAE has been on the cutting edge of a whole bunch of technology investments. And for a gas and oil-producing country, I think it's exceptional."
"I think that's bold leadership."
Mr Kerry said that the US is working "very closely with Dr Sultan Al Jaber and with His Excellency the President Sheikh Mohamed bin Zayed".
With just a couple of weeks before the UN climate summit starts in Egypt’s coastal town of Sharm El Sheikh, Mr Kerry laid out Washington's top priorities for Cop27.
He said that the Biden administration's goal at the climate summit was to assure that the promises that were made in Glasgow were "actually being pursued at the pace they need to be pursued".
Mr Kerry spoke of the devastating effects of climate change in Africa, which is home to 17 of the world’s 20 most climate-vulnerable countries.
He said developed nations, which are responsible for 80 per cent of greenhouse emissions, should take the lead in helping developing states adapt to the effects of climate change and be ahead of the curve for the new energy future.
Mr Kerry said climate disasters should be a motivation to act with urgency and do everything to stop global temperatures from rising more than 1.5°C above pre-industrial levels.
"If we don't do that, we will bring much greater destruction on ourselves, [making] the planet much more inhospitable, even unlivable."
At the Council on Foreign Relations on Tuesday, he said that Washington was open to seeking a middle ground on the growing demand for wealthy climate offenders to compensate poorer nations for damage to the Earth’s climate.
Under the 2015 Paris Agreement on climate change, developing countries were promised a pool of $100 billion a year to finance initiatives to help them cope with the effects of global warming.
That target has not been achieved.
“We believe we have to step up and we have a responsibility. We accept that,” Mr Kerry said.
UN Secretary General Antonio Guterres said this month that financial commitments to the developing world must be delivered.
“We need to see evidence of how they will double adaptation finance to at least $40bn in 2025, as agreed in Glasgow at Cop26," Mr Guterres said.
More than 35,000 people are expected to take part in Cop27, which will be held in Egypt from November 6 to 18.
This will be the fifth time the event has been hosted in Africa.
The region's governments hope it will draw attention to the severe effects of climate change on the continent.
The Intergovernmental Panel on Climate Change said Africa was one of the most vulnerable regions in the world.
Currently, 17 million people are estimated to be facing food insecurity in East Africa because of drought, the UN says.
Next year the UAE will host Cop28.
Etihad to launch net-zero flight to Cop27 - in pictures
Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
PRESIDENTS CUP
Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:
02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland
What She Ate: Six Remarkable Women & the Food That Tells Their Stories
Laura Shapiro
Fourth Estate
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Mobile phone packages comparison
UAE currency: the story behind the money in your pockets
The biog
Age: 19
Profession: medical student at UAE university
Favourite book: The Ocean at The End of The Lane by Neil Gaiman
Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)
Favourite poet: Edger Allen Poe
NBA Finals so far
(Toronto lead 3-1 in best-of-seven series_
Game 1 Raptors 118 Warriors 109
Game 2 Raptors 104 Warriors 109
Game 3 Warriors 109 Raptors 123
Game 4 Warriors 92 Raptors 105
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
Sugary teas and iced coffees
The tax authority is yet to release a list of the taxed products, but it appears likely that sugary iced teas and cold coffees will be hit.
For instance, the non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Cold coffee brands are likely to be hit too. Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now
