Prince William at the Duchy of Cornwall nursery, near Lostwithiel in Cornwall, on July 10. PA
Prince William at the Duchy of Cornwall nursery, near Lostwithiel in Cornwall, on July 10. PA
Prince William at the Duchy of Cornwall nursery, near Lostwithiel in Cornwall, on July 10. PA
Prince William at the Duchy of Cornwall nursery, near Lostwithiel in Cornwall, on July 10. PA

Prince William to visit US to attend Earthshot Prize Innovation Summit


Soraya Ebrahimi
  • English
  • Arabic

Prince William will travel to New York to attend the Earthshot Prize Innovation Summit, where the 2023 finalists of his environmental awards will be named in September.

On the two-day visit, the Prince of Wales will attend events including the summit, where the 15 solutions to “repair the planet” will be unveiled.

The prince was due to attend the inaugural summit, held last year in New York, but was unable to travel as the royal family were observing royal mourning after the death of Queen Elizabeth.

The Earthshot Prize aims to discover and scale-up groundbreaking solutions to repair the planet, with £1 million ($1.3million) in prize money to be presented to winners in five categories, or Earthshots – Protect and Restore Nature; Clean our Air; Revive our Oceans; Build a Waste-free World; and Fix our Climate.

Singapore will host the third awards ceremony in November, after award events were held in Boston last year and London’s Alexandra Palace in 2021.

Prince William meets Earthshot Prize finalists - in pictures

Prince William will begin his official trip on September 18, and the summit, which is taking place during New York Climate Week and the 78th Session of the UN General Assembly, will be held the following day.

It will bring together earlier Earthshot Prize winners and finalists with policymakers, global business leaders, philanthropists and climate activists to scale up their innovative solutions.

Former New York mayor and business news mogul Mike Bloomberg, a global adviser to Earthshot Prize winners, will speak at the event.

In Search of Mary Shelley: The Girl Who Wrote Frankenstein
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How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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Updated: July 19, 2023, 9:30 PM