Prince Charles has said world leaders need to provide “clear market signals” to investors to give them the confidence to focus on climate-friendly projects. Photo: PA
Prince Charles has said world leaders need to provide “clear market signals” to investors to give them the confidence to focus on climate-friendly projects. Photo: PA
Prince Charles has said world leaders need to provide “clear market signals” to investors to give them the confidence to focus on climate-friendly projects. Photo: PA
Prince Charles has said world leaders need to provide “clear market signals” to investors to give them the confidence to focus on climate-friendly projects. Photo: PA

Prince Charles praises William and Harry’s climate concern for ‘world on the brink’


Laura O'Callaghan
  • English
  • Arabic

Britain’s Prince Charles has said “the world is on the brink” of an environmental catastrophe due to the effects of global warming, which he likened to the threat of nuclear war during the Cuban Missile Crisis in 1962.

The heir to the throne outlined a three-point plan to tackle the climate change and praised his sons Prince William and Prince Harry for their efforts to draw attention to the cause.

In an essay for American magazine Newsweek, Prince Charles, 73, said governments, global industries and private companies need to make climate commitments in order for meaningful change to happen.

Queen Elizabeth II’s eldest son said industry leaders would need to set out strategies to reduce the warming of the planet and private investors would need to stump up the capital to fund the transition.

He said world leaders would need to provide “clear market signals” to investors to give them the confidence to offer long-term financial backing.

“The time is now… Let ours be the generation that ‘can’. And does. As we enter a new year, there is not a moment to lose,” he wrote.

Charles urged the global private sector to invest in a sustainable future, saying it would take “trillions, not billions” to reorient the world economy away from fossil fuels.

Prince Charles praised Prince William and Prince Harry for playing their part in the fight against climate change. (Phil Harris / FILE via AP)
Prince Charles praised Prince William and Prince Harry for playing their part in the fight against climate change. (Phil Harris / FILE via AP)

The prince quoted the late US president John F Kennedy’s “Strategy of Peace” speech, which called for a de-escalation of the nuclear arms race at the height of the Cold War.

“Once again, the world is on the brink, and we need the mobilising urgency of a war-like footing if we are to win,” he wrote.

He used the same phrase during his address to world leaders at the Cop26 summit in Glasgow last November.

In 2020, during a video message for Climate Week NYC, he similarly called for a “Marshall-like plan for nature, people and the planet”.

Charles added that “the eyes of our children and our grandchildren are judging us” over the current response to climate change.

“Already, younger generations have expressed an understandable frustration about the pace of action on this issue,” he said.

He also paid tribute to William and Harry for their work in the battle against the climate crisis.

“As a father, I am proud that my sons have recognised this threat,” he said.

“Most recently my elder son, William, launched the prestigious Earthshot Prize to incentivise change and help repair our planet over the next 10 years by identifying and investing in the technologies that can make a difference.

“And my younger son, Harry, has passionately highlighted the impact of climate change, especially in relation to Africa, and committed his charity to being net zero.”

The future monarch also praised his late father Prince Philip for being decades ahead of his generation in the climate plight.

“Sixty years ago, my late father identified the damage humankind was inflicting on the planet and helped to found the World Wildlife Fund,” he said.

The Prince of Wales’ representatives said his essay marked the first time he had written for a US publication in 10 years.

It will feature as the cover story of the magazine’s second issue of 2022, dated January 21 and available from January 14.

Newsweek’s global editor-in-chief Nancy Cooper called it a “powerful appeal” for change and said given the prince’s experience of working to tackle climate change he speaks about climate change with “deep knowledge and real authority”.

The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

ELECTION%20RESULTS
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Specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%20turbo%204-cylinder%20%2F%202.0%20turbo%204-cylinder%20(S3)%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20148bhp%20%2F%20328bhp%20(S3)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20250Nm%20%2F%20420Nm%20(S3)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20December%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20TBA%0D%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

MATCH INFO

Burnley 1 (Brady 89')

Manchester City 4 (Jesus 24', 50', Rodri 68', Mahrez 87')

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

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Rating: 3.5/5

Volvo ES90 Specs

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Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

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Price: Exact regional pricing TBA

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

UAE squad

Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

FULL%20FIGHT%20CARD
%3Cp%3EFeatherweight%20Bout%3A%0D%20Abdullah%20Al%20Qahtani%20v%20Taha%20Bendaoud%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Ali%20Taleb%20v%20Nawras%20Abzakh%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Xavier%20Alaoui%20v%20Rachid%20El%20Hazoume%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Islam%20Reda%20v%20Adam%20Meskini%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Tariq%20Ismail%20v%20Jalal%20Al%20Daaja%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Elias%20Boudegzdame%20v%20Hassan%20Mandour%0D%3Cbr%3EAmateur%20Female%20Atomweight%20Bout%3A%0D%20Hattan%20Al%20Saif%20v%20Nada%20Faheem%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Maraoune%20Bellagouit%20v%20Motaz%20Askar%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Ahmed%20Tarek%20v%20Abdelrahman%20Alhyasat%0D%3Cbr%3EShowcase%20Featherweight%20Bout%3A%0D%20Mido%20Mohamed%20v%20Yazeed%20Hasanain%0D%3Cbr%3EShowcase%20Flyweight%20Bout%3A%0D%20Malik%20Basahel%20v%20Harsh%20Pandya%0D%3C%2Fp%3E%0A
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  • Premier League-standard football pitch
  • 400m Olympic running track
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  • An elevated football field that doubles as a helipad
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Updated: February 10, 2022, 4:01 PM`