UN Secretary General Antonio Guterres gave a warning on Saturday that global climate targets agreed in France five years ago were not being met and mankind was heading for a "catastrophic temperature rise".
Co-hosting talks with the UK and France on the anniversary of the 2015 Paris climate deal, Mr Guterres said carbon emissions were still far too high and were causing a planet-wide “dramatic emergency”.
There is hope that recent zero-carbon pledges from big economies, including the incoming Biden administration in the US, but some experts and campaigners say emission cuts are not fast or deep enough.
“Carbon dioxide levels are at record highs,” said Mr Guterres.
“Today, we are 1.2 degrees hotter than before the industrial revolution. If we don’t change course, we may be headed for a catastrophic temperature rise of more than 3 degrees this century.”
The 2015 Paris Agreement has a legally-binding aim of keeping global warming under 2 degrees Celsius over pre-industrial times and to strive to limit the temperature rises to 1.5°C – a target that is now almost beyond reach.
The UN chief said mankind was "not doomed to fail", but urged the world's so-called 20 biggest economies to focus harder on cutting carbon emissions to zero and funding climate mitigation in poorer countries.
“The members of the G20 are spending 50 per cent more in their stimulus and rescue packages [for the coronavirus pandemic] on sectors linked to fossil fuel production and consumption, than on low-carbon energy,” said Mr Guterres.
To meet the 2015 Paris goals, countries must cut emissions of carbon dioxide and other heat-trapping gases. To become carbon neutral, a country must cut emissions to zero, or offset any shortfalls by planting trees or using carbon capture and storage technology.
The UN chief, British Prime Minister Boris Johnson and French President Emmanuel Macron co-hosted the online summit of 75 world leaders to mark the anniversary of Paris and to help tackle rising temperatures ahead of talks in Glasgow, Scotland, in November 2021.
The summit featured video messages from Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, Pope Francis, Tim Cook, CEO of Apple, and others, interspersed with uplifting videos about climate change.
Before the talks on Friday, Britain said it would stop providing money for oil, gas or coal projects overseas.
"Climate change is one of the great global challenges of our age, and it is already costing lives and livelihoods the world over, our actions as leaders must be driven not by timidity or caution, but by ambition on a truly grand scale," said Mr Johnson.
There are other reasons for hope, said Mr Guterres.
Britain, China, Japan, South Korea, the European Union and the US under a Biden Administration are committed to carbon neutrality, the UN says. Together, they account for two-thirds of all carbon dioxide emissions and more than 70 per cent of the world economy.
Ahead of his inauguration of January 20, US President-elect Joe Biden has said he will bring the US back into the Paris deal that the US withdrew from under President Donald Trump, who once called climate change a hoax.
"I'll immediately start working with my counterparts around the world to do all that we possibly can, including by convening the leaders of major economies for a climate summit within my first 100 days in office," Mr Biden said on Saturday.
The President-elect has also appointed John Kerry, a former US Secretary of State and one of the architects of the Paris accord, as his envoy for the climate – the most senior climate change appointment ever made in US politics.
Still, teenage Swedish climate activist Greta Thunberg was not convinced by “big speeches” at the UN, she said.
In a video to mark the event, Ms Thunberg said leaders were “in denial”, setting “distant hypothetical targets” and carving out “new loopholes” while ice caps melt, forests burn and the world gets hotter.
In a report this week, UN experts urged wealthy countries to come good on pledges to raise $100 billion a year to help poor countries mitigate and adapt to climate change. They called for a doubling of grant funds and other measures.
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
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If you go
The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at.
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.
Company profile
Name: Steppi
Founders: Joe Franklin and Milos Savic
Launched: February 2020
Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year
Employees: Five
Based: Jumeirah Lakes Towers, Dubai
Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings
Second round raised Dh720,000 from silent investors in June this year
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Company%20profile
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Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
ENGLAND SQUAD
For first two Test in India Joe Root (captain), Jofra Archer, Moeen Ali, James Anderson , Dom Bess, Stuart Broad , Rory Burns, Jos Buttler, Zak Crawley, Ben Foakes, Dan Lawrence, Jack Leach, Dom Sibley, Ben Stokes, Olly Stone, Chris Woakes. Reserves James Bracey, Mason Crane, Saqib Mahmood, Matthew Parkinson, Ollie Robinson, Amar Virdi.
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km