Dr Thani Bin Ahmed Al Zeyoudi , Minister of Climate Change and Environment, speaking earlier this month at the World Government Summit press conference in Dubai. Pawan Singh / The National
Dr Thani Bin Ahmed Al Zeyoudi , Minister of Climate Change and Environment, speaking earlier this month at the World Government Summit press conference in Dubai. Pawan Singh / The National

Emiratis urged to consider natural resources part of their national heritage



Emiratis and UAE residents need to recognise their unsustainable use of natural resources and do more to help combat the overconsumption of natural resources, environmentalists have said.

Despite some improvements, the UAE has one of the highest carbon footprints in the world.

Speaking at an event to mark the country’s 21st National Environment Day on Sunday, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, said population growth as well as a surge in income levels due to four decades of economic growth in the Emirates have given rise to non-sustainable production and consumption patterns.

“These are among the main challenges we face in our efforts to conserve our resources and ecosystems today. Their negative impact is apparent in many areas, such as a high ecological footprint per capita, high water, energy and food consumption rates, as well as a high waste production and carbon emissions rate.”

Dr Saif Al Ghais, executive director of the Ras Al Khaimah environment protection and development agency said that overconsumption of natural resources, particularly water, is currently the main environmental concern in the UAE.

“Over consumption of water and the impact we and our lifestyle is having on our natural resources – water, the soil, fisheries. It is all connected,” he said.

Dr Al Zeyoudi said to address these challenges, the UAE has implemented a variety of policies and measures to promote sustainability in production and consumption to maximize the country’s contribution to global efforts to achieve sustainable development.

“The most prominent among them is the UAE Energy Strategy for 2050, which aims to diversify the country’s energy sources. Its objectives involve bringing the share of clean energy in the national energy mix up to 27 per cent by 2021 and 50 per cent by 2050,” he said.

Other sustainability programmes the UAE has in place includes the UAE Green Growth Strategy, which focuses on transforming the economy into a low-carbon green economy by adopting a sustainable approach to architecture and transport and enhancing the efficiency of resource consumption, especially for energy and water.

Dr Al Zeyoudi stressed that although it is too soon to see the full impact of the policies and measures, there are signs that they are already seeing results.

He said: “There is a significant decrease in per capita waste generation rate, from 2.06 kilograms to 1.8 per person per day, and the country’s ecological footprint per capita has also decreased from roughly 12 global hectares in 2006 to less than eight global hectares in 2014.

“In the UAE, we believe that sustainable production and consumption is an essential part of national responsibility for institutions and individuals alike. The consumer society is increasingly gaining importance in this regard as it dictates production trends and influences producer responsibility. Ultimately, consumption is an individual choice that depends on a combination of factors, such as desire, often influenced by advertising, purchasing power and awareness.”

Dr Al Zeyoudi urged nationals to consider their natural resources as part of their national heritage that will later be passed on to future generations.

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“We are confident that the collaboration of the Government and the community will have a substantial influence on stimulating more sustainable production and consumption patterns.”

Dr Al Ghais believes, however, that further awareness and education is needed. He said: “Unfortunately, people do not value their natural resources or the value of conserving them. There is some awareness, but there is a lot of work that still needs to be done.”

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Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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The Freedom Artist

By Ben Okri (Head of Zeus)

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Producers: KRTI Productions, T-Series
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