Wondering what will happen in the future is something we all do, whether it’s daydreaming about where we will be in our careers in a few years, or considering what retirement might bring.
But making firm predictions is next to impossible since who knows what hand fate will deal us? While the course of our lives may be difficult to predict, the future is easier to forecast when it comes to the weather, even a long way into the future.
Scientists have long been predicting what our climate will be like in several decades, although global forecasts for, say, temperature, vary widely.
According to the United States National Research Council, for example, the global average temperature will increase by 1C to 6C by 2100, with the outcome depending on the model used and the level of greenhouse gas emissions.
Closer to home, researchers at the Masdar Institute of Science and Technology in Abu Dhabi recently announced forecasts for the UAE’s climate.
Changes are not consistent across the UAE, but in the Abu Dhabi area, for example, researchers have identified a trend of higher temperatures, lower rainfall and reduced soil moisture. We can expect these patterns to continue in the next 30 or 50 years.
The models, involving complex mathematical analysis and published in a series of scientific papers, use two approaches. One is purely statistical: looking at past trends in temperature, precipitation, soil moisture and the like, both globally and locally.
Some of the UAE data goes back 110 years, and one approach uses this information to extrapolate into the future. The other method involves simulating how the climate works.
But just how accurate, and testable, can models of something as complex as the climate be?
The answer is of interest well beyond academia, because there are few areas of science that capture the imagination of the public more than climate change does; many without scientific training unashamedly declare themselves sceptics or believers.
Dr Taha Ouarda, a professor of water and environmental engineering at the Masdar Institute who has led the team of climate researchers, notes that all models involve a degree of uncertainty, but this can be quantified, allowing scientists to produce a confidence boundary for any prediction. The climate in future will only fall outside this confidence limit if something unlikely has happened.
“We can also quantify the skill of a given forecasting model and select the ones that lead to better forecasts,” he says.
“The quality of forecasts is validated through historic forecasting. We place ourselves at a given point in the past and we run the model to predict the future.
Since the future has now been observed, we can compare the prediction of the model with the values that have been observed.”
This allows researchers to verify how accurate their predictions are, and the model can then be used to predict the future by taking the present as the starting point.
“Models are getting more accurate as the processes being modelled are refined, the amount of data increases and the power of computers increases,” says Dr Ouarda.
Among the many other researchers interested in how the climate is going to develop in future is Dr Andrew Russell, a lecturer in climate change at Brunel University London’s Institute of Environment, Health and Societies.
He, too, cites improved computing power as being important for today’s climate modelling, saying it is useful for understanding how climate change will affect countries or parts of them. Models, he says, have to be run over and over with slight changes to account for things that are less well understood, such as the way clouds form and influence the climate.
“Naturally, we also learn more and more about the climate system the more we study it, so this new knowledge can then be used to improve the models,” he says.
While even the lay person is likely to appreciate that predicting the climate of the future is a complex business, Dr Russell says that, on a certain level, it is not as difficult as it may seem.
Climate change is, he notes, an input-output problem, so if the correct data is used, it should be possible to produce the correct result.
“We know the energy that comes in from the sun and we know how much of that energy escapes back into space,” he says.
“If you make good, educated projections of how human emissions will change, then you can predict how the energy in the climate system will change over decades or longer.”
It is perhaps no surprise, then, that he describes projections from the 1980s of how global temperatures would change as “looking quite accurate now”.
The difficult part, he says, is working out what that extra energy does: a lot of it warms the air but some of it changes rainfall patterns or melts ice or warms the oceans. “Any of these changes will have negative consequences for human societies, but the type of changes we see in different regions are difficult to predict,” adds Dr Russell.
But is being able to look into the future, and being in a position to understand how the climate will change, of benefit to us? Short of upping sticks and moving to an area with a more equitable climate if things get too hot in the Gulf region, is it just a case of grinning and bearing it? Well, probably not, as the climatic predictions can be used in a host of practical ways.
Dr Ouarda says they can help agriculturalists to determine what crops should be grown, and they could be of use to those designing infrastructure.
“Infrastructure needs to be able to withstand winds and temperatures that will be observed in the future, not those that have been observed in the past,” he says.
The models can also be used to plan public health systems, since heat spells, floods, droughts and dust storms all have an effect on those who live in the UAE.
So, although climatic challenges lie ahead, the hope is that the country will be prepared for them.
newsdesk@thenational.ae
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Company%20profile
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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.”
SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
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The%20specs%3A%202024%20Mercedes%20E200
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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
Company%20Profile
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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
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
COMPANY%20PROFILE
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Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
Sri Lanka squad
Dinesh Chandimal, Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Angelo Mathews, Lahiru Thirimanne, Niroshan Dickwella, Sadeera Samarawickrama, Rangana Herath, Suranga Lakmal, Nuwan Pradeep, Lakshan Sandakan, Vishwa Fernando, Lahiru Kumara, Jeffrey Vandersay, Milinda Siriwardana, Roshen Silva, Akila Dananjaya, Charith Asalanka, Shaminda Eranga and Dhammika Prasad.
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5