The UAE should host the Cop28 climate change conference as “one of the most ambitious countries in the world” in tackling environmental issues, an Emirates ambassador said.
The country was an ideal candidate as it understood the challenges faced by other developing nations in becoming carbon neutral, said Majid Al-Suwaidi.
As an oil rich-country, the UAE has to think about the future so it is well positioned for “when that last barrel of oil is produced”, he said.
There should also be some punishment for countries that fail to meet targets set at climate conferences, said former French president Francois Hollande, who joined Mr Al-Suwaidi at an event to celebrate the 10th anniversary of New York University Abu Dhabi [NYUAD].
The UAE’s bid to host the next Cop [Conference of the Parties] has received some encouragement from the UK, which is hosting Cop26 in November. In an interview with The National this week, Alok Sharma, the Cop26 president, said in reference to a climate conference the UAE hosted in April the country “has demonstrated that it is able to organise these events”.
Mr Al-Suwaidi, who was the Emirates negotiator at the 2015 Paris climate deal, said that the UAE was a leader on environmental issues and “hosting a Cop would show how committed we are to this process”.
“We fall in the category of a developing country that has the resources to tackle these issues but is also able to understand the issues of developing countries,” he told the Tenth Talks conference that marked a decade of NYUAD.
Understanding the challenges gave the Emirates the “opportunity to be a good mediator and help make progress”.
“UAE already has been one of the most ambitious countries in the world in terms of the policies we set and the goals we have made and the actions we have actually taken,” he said.
The diplomat, who is ambassador to Spain, said he was frequently asked why as a fossil fuel producer the UAE was so interested in renewable energy.
“The answer is that we are a country that is interconnected with the world and we feel the effects of things like climate change first,” he said. “We are thinking about the future. We are thinking about how, when that last barrel of oil is produced, we will be in a much better place?”
Mr Hollande, the president of France from 2012 to 2017, said that there were “disappointments” in the Paris Agreement and its commitments to reduce global warming were “less ambitious than we would have liked”.
He urged the British hosts of Cop26 to create a mechanism whereby commitments could be “reinforced and verified”.
“What was lacking in the Paris Agreement was that … there was no sanction for failure to respect these commitments,” he said. “I was hoping in Glasgow we could find a mechanism of verification and control and possibly create some pressure.”
Tenth Talks reflect on the milestone achievements since NYUAD’s founding and examine how the Abu Dhabi-backed university has a positive effect on higher education.
From Europe to the Middle East, economic success brings wealth - and lifestyle diseases
A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.
One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.
In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.
The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.
And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.
Take Me Apart
Kelela
(Warp)
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Brief scores:
Toss: South Africa, chose to field
Pakistan: 177 & 294
South Africa: 431 & 43-1
Man of the Match: Faf du Plessis (South Africa)
Series: South Africa lead three-match series 2-0
More coverage from the Future Forum
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
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
UAE Falcons
Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.
Copa del Rey
Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)
UAE currency: the story behind the money in your pockets