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The Cop29 climate talks are set to kick off in Baku, Azerbaijan, on Monday, and they may have already been dealt a heavy blow.
As financial markets rallied at the prospect of a second Donald Trump presidency, those in the sustainability industry have expressed concern due to his previous stance on climate policy.
In 2017, Mr Trump withdrew the US from the Paris Agreement – a legally binding international treaty on climate change with the main goal of limiting temperature increases to 1.5°C above pre-industrial levels.
In 2021, the US rejoined the Paris Agreement under President Joe Biden, but Quentin Fouesnant, mentor and adviser at Ecoquest, told The National that he expects it to leave again as soon as Mr Trump takes office.
“For those of us in the climate and sustainability community, this election feels like a setback for global climate action. Many of my colleagues across the field have already expressed their concerns on LinkedIn and other platforms, worried about the potential impact on our collective progress,” said Mr Fouesnant.
Daniel Murray, deputy chief information officer and global head of research at EFG Asset Management, also expects the US to disengage with global efforts to flight climate change. This, he added, was a concern given its size and global emission contributions.
“This therefore represents a setback for the climate movement. It’s going to be harder to meet internationally agreed targets and we may see the US pull out of agreements designed to limit future damage to the environment,” he said.
'Progress might be slower, but it won't stop'
Countries at the Cop28 climate summit held in Dubai agreed on a historic deal to “transition” away from fossil fuels and triple renewable energy. The question now is whether Mr Trump will honour that deal.
Pushan Dutt, professor of economics at Insead, told The National that a setback for renewable energy may be on the cards. “One of his core campaign promises was to drill more for oil,” Prof Dutt said. “All this means that the US is going to take a back step for renewables, for development of carbon markets and less incentives for climate finance to fund the transition.”
However, hope remains. Jennifer Morris, chief executive of The Nature Conservancy, a US-based global conservation organisation, said a recent poll showed that 94 per cent of American voters supported the expansion of strategies to protect, better manage and restore forests, grasslands and wetlands to store more carbon and fight climate change.
Mr Fouesnant also said that, during Mr Trump’s last term in office, climate action did not stop. “During his first term, we still saw renewable energy grow in the US, driven by market forces, state-level policies and private sector demand – despite his administration’s pro-fossil-fuel policies,” he said. “We can expect that momentum to continue. Progress might be slower, but it won’t stop.”
The specs
Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km
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Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
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.
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Read part one: how cars came to the UAE
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In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
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- Engineering leader: Dh30,000 to Dh55,000
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- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
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• Remittance charges will be tackled by blockchain
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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.
Part three: an affection for classic cars lives on
Read part two: how climate change drove the race for an alternative
Read part one: how cars came to the UAE
Where to Find Me by Alba Arikha
Alma Books
• Remittance charges will be tackled by blockchain
• UAE's monumental and risky Mars Mission to inspire future generations, says minister
• Could the UAE drive India's economy?
• News has a bright future and the UAE is at the heart of it
• Architecture is over - here's cybertecture
• The National announces Future of News journalism competition
• Round up: Experts share their visions of the world to come
• Remittance charges will be tackled by blockchain
• UAE's monumental and risky Mars Mission to inspire future generations, says minister
• Could the UAE drive India's economy?
• News has a bright future and the UAE is at the heart of it
• Architecture is over - here's cybertecture
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About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
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Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
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