A flood-affected family with their goats travel on a boat in the Morigaon district of Assam, India. Climate change could push hundreds of millions of people to relocate, thereby creating migration hotspots. AP Photo
A flood-affected family with their goats travel on a boat in the Morigaon district of Assam, India. Climate change could push hundreds of millions of people to relocate, thereby creating migration hotspots. AP Photo
A flood-affected family with their goats travel on a boat in the Morigaon district of Assam, India. Climate change could push hundreds of millions of people to relocate, thereby creating migration hotspots. AP Photo
A flood-affected family with their goats travel on a boat in the Morigaon district of Assam, India. Climate change could push hundreds of millions of people to relocate, thereby creating migration hot


How Cop26 can tackle climate migration at source


Becky Anderson
Becky Anderson
  • English
  • Arabic

October 31, 2021

There are two major, and not unrelated, challenges when reporting on the climate crisis.

The first is its complexity. Between the science, the range of data and the sheer scale of the problems we face, it can be hard to distil the vast vat of information into something easy to grasp.

The second is the sense that, in all its multifaceted, multifarious density, it can feel overwhelming. There is always the worry that the audience is left simply thinking that we might as well give up; why even try to fix it when the situation is just hopeless?

Ahead of Cop26, I’ve been pondering this, especially after a summer in which climate-related disasters have dominated the headlines. From devastating wildfires in Greece, Italy, Turkey and California, through to deadly floods in western Germany and New York, the sense that the climate emergency is well and truly home to roost has been inescapable.

As world leaders head to Glasgow, there is pessimism from some quarters, most notably from activist Greta Thunberg and US climate envoy John Kerry, and a clear effort to manage expectations in others, with UK Prime Minister Boris Johnson conceding he is "very worried" that the summit will not be a success.

The stakes could scarcely be higher. We can certainly feel that here in the UAE, where warnings of future "super" and "ultra-extreme" heatwaves have been heard this year. The UAE’s recent announcement that it is committing to net-zero carbon emissions by 2050, the first country in the Middle East to do so, is a clear signal that this troubling future is being taken seriously.

But we can already see the danger more acutely in the Global South, where the human impact of climate change is being felt as extreme weather and drought trigger more pressure on resources and lead to greater migration. When a Biden administration report is naming climate change as a national security challenge, the interconnectedness of all this is laid bare.

If you’re reading this and starting to feel hopeless, you’re probably getting the point I made at the top; it does feel overwhelming. But this week at CNN’s Dubai Expo studios, I had a conversation that made me think that, perhaps, there is a simple way to address at least part of this infernal equation.

World Food Programme chief executive David Beasley, left, and US Senator Chuck Schumer speak during the Global Citizen festival in New York last month. AP Photo
World Food Programme chief executive David Beasley, left, and US Senator Chuck Schumer speak during the Global Citizen festival in New York last month. AP Photo

David Beasley, the executive director of the World Food Programme (WFP), has been looking at the numbers of people who are migrating due to food insecurity, largely brought about through climate change.

He says that the resources countries such as the US are ploughing into feeding and sheltering the migrants arriving at its borders are running into the tens of millions of dollars a week; he told me it was as much as $30 million, and up to $4,000 per person. All this so people could live in shelters on the border. What’s more, he says, it is going to get worse.

“We see what's happening, droughts and flooding and more cyclones, and the list goes on,” he told me. “Last year, we had 30 million people displaced because of climate. But in the next 30 years, with the climate expectations that we're looking between 200 [million] and a billion people being displaced.”

Given those eye-widening numbers, the need to take a different approach to the problem becomes clear. It is a little like the dichotomy between medicine and public health: as a society we spend vastly more on the former than the latter, despite troves of evidence that preventing illness is often far more effective than treating it.

  • The World Food Programme loads trucks with food and supplies in response to the drought in Somalia at the International Humanitarian City Warehouses in Dubai. Antonie Robertson / The National
    The World Food Programme loads trucks with food and supplies in response to the drought in Somalia at the International Humanitarian City Warehouses in Dubai. Antonie Robertson / The National
  • Displaced Yemenis receive humanitarian aid, donated by the World Food Programme (WFP) in cooperation with the Danish Refugee Council ( DRC), in the northern province of Hajjah on December 30, 2019. AFP
    Displaced Yemenis receive humanitarian aid, donated by the World Food Programme (WFP) in cooperation with the Danish Refugee Council ( DRC), in the northern province of Hajjah on December 30, 2019. AFP
  • Yemenis receive sacks of food aid packages from the World Food Programme in the Yemeni port city of Hodeida on June 25, 2019. AFP
    Yemenis receive sacks of food aid packages from the World Food Programme in the Yemeni port city of Hodeida on June 25, 2019. AFP
  • A Syrian boy sits in a car after his family received from the local council aid parcels provided by the UN World Food Programme and the Syrian Arab Red Crescent on May 11, 2016, in the rebel-held village of Saqba, on the eastern outskirts of the capital Damascus. AFP
    A Syrian boy sits in a car after his family received from the local council aid parcels provided by the UN World Food Programme and the Syrian Arab Red Crescent on May 11, 2016, in the rebel-held village of Saqba, on the eastern outskirts of the capital Damascus. AFP
  • A Palestinian loads a cart with aid food provided by the UN's World Food Programme and its agency for Palestinian refugees, UNRWA, in the Gaza Strip's al-Shati refugee camp on May 15, 2019. AFP
    A Palestinian loads a cart with aid food provided by the UN's World Food Programme and its agency for Palestinian refugees, UNRWA, in the Gaza Strip's al-Shati refugee camp on May 15, 2019. AFP
  • A United Nations World Food Programme worker talks to rebel fighters on February 8, 2014 on the second day of a humanitarian mission in a besieged district of the central city of Homs, Syria. AFP
    A United Nations World Food Programme worker talks to rebel fighters on February 8, 2014 on the second day of a humanitarian mission in a besieged district of the central city of Homs, Syria. AFP
  • The World Food Programme loads trucks with food and supplies in response to the drought in Somalia at the International Humanitarian City Warehouses in Dubai. Antonie Robertson / The National
    The World Food Programme loads trucks with food and supplies in response to the drought in Somalia at the International Humanitarian City Warehouses in Dubai. Antonie Robertson / The National
  • Ali Goahr, a forklift operator for the United Nations World Food Programme, moves blankets in the World Food Programme Warehouse in International Humanitarian City, Dubai. Kevin J. Larkin / The National
    Ali Goahr, a forklift operator for the United Nations World Food Programme, moves blankets in the World Food Programme Warehouse in International Humanitarian City, Dubai. Kevin J. Larkin / The National

Mr Beasley contends that his organisation can tackle the issues of food security and resilience at source, and way more cost effectively, meaning people will not need to leave their homes in the first place. A $1-2 a week per head programme will, he claims, be enough.

The problem is finding that money, especially at a time when governments are continuing to spend their way out of the Covid-19 pandemic.

But Mr Beasley says he has an answer to that, too. Another story that has been hard to avoid in recent months is the new space race, largely contested by the billionaires Jeff Bezos and Elon Musk. These two individuals have seen their net worth rise as astronomically as their rockets in the past year, and Mr Beasley is calling on them and other billionaires to consider using their money in a different way.

“Just last week, Elon Musk had a $6bn net worth increase,” he said on my show. “The top 400 billionaires in the United States, their net worth increase was $1.8 trillion in the past year.”

Mr Beasley says as many as 42 million people in 43 countries "are literally going to die if we don’t reset". What he needs to prevent that, he believes, is a one-off donation from these wealthy individuals of $6bn. "I'm not asking them to do this every day, every week, every year. We have a one-time crisis, a perfect storm of conflict, climate change, and Covid. It's a one-time phenomenon."

  • Billionaire businessman Jeff Bezos embraces veteran aviator Wally Funk after Blue Origin’s reusable New Shepard craft capsule returned from space on Tuesday, July 20, 2021.
    Billionaire businessman Jeff Bezos embraces veteran aviator Wally Funk after Blue Origin’s reusable New Shepard craft capsule returned from space on Tuesday, July 20, 2021.
  • Jeff Bezos, Funk and and gap-year student Oliver Daemen, 18, disembark after Blue Origin’s reusable New Shepard capsule returned from space.
    Jeff Bezos, Funk and and gap-year student Oliver Daemen, 18, disembark after Blue Origin’s reusable New Shepard capsule returned from space.
  • Jeff Bezos disembarks after the flight.
    Jeff Bezos disembarks after the flight.
  • New Shepard touches down on Earth.
    New Shepard touches down on Earth.
  • New Shepard approaches the ground.
    New Shepard approaches the ground.
  • The capsule carrying Jeff Bezos and three crew members returns to Texas by parachute.
    The capsule carrying Jeff Bezos and three crew members returns to Texas by parachute.
  • The booster rocket returns to the launch pad.
    The booster rocket returns to the launch pad.
  • The rocket lifts off.
    The rocket lifts off.
  • The launch viewed from far.
    The launch viewed from far.
  • The rocket is launched on the world’s first unpiloted suborbital flight.
    The rocket is launched on the world’s first unpiloted suborbital flight.
  • It took off from Blue Origin’s launch site, near Van Horn in western Texas, US.
    It took off from Blue Origin’s launch site, near Van Horn in western Texas, US.
  • Blue Origin’s New Shepard rocket is launched from its spaceport.
    Blue Origin’s New Shepard rocket is launched from its spaceport.
  • The rocket lift-off.
    The rocket lift-off.
  • The launch pad. Blue Origin’s first crewed mission was an 11-minute flight from Texas and back. Reaching an altitude of 106 kilometres, it coincided with the 52nd anniversary of the first Moon landing.
    The launch pad. Blue Origin’s first crewed mission was an 11-minute flight from Texas and back. Reaching an altitude of 106 kilometres, it coincided with the 52nd anniversary of the first Moon landing.
  • People watch on a television screen as the rocket sits on the launch pad.
    People watch on a television screen as the rocket sits on the launch pad.
  • The crew members prepare for the flight.
    The crew members prepare for the flight.
  • The crew members prepare for the flight.
    The crew members prepare for the flight.
  • Jeff Bezos, the founder of Amazon.com, rings a bell before boarding the flight.
    Jeff Bezos, the founder of Amazon.com, rings a bell before boarding the flight.
  • This still image taken from video by Blue Origin shows Funk, Daemen and the Bezos brothers before they leave for the flight.
    This still image taken from video by Blue Origin shows Funk, Daemen and the Bezos brothers before they leave for the flight.
  • A monitor in a zone reserved for the media shows Wally Funk being interviewed.
    A monitor in a zone reserved for the media shows Wally Funk being interviewed.
  • This still image taken from video by Blue Origin shows Funk, Jeff and Mark Bezos, and Daemen as they ascend the crew tower for the flight.
    This still image taken from video by Blue Origin shows Funk, Jeff and Mark Bezos, and Daemen as they ascend the crew tower for the flight.
  • This still image taken from video by Blue Origin shows, from left, Mark Bezos, Jeff Bezos, Wally Funk and Oliver Daemen as they travel to the launch pad.
    This still image taken from video by Blue Origin shows, from left, Mark Bezos, Jeff Bezos, Wally Funk and Oliver Daemen as they travel to the launch pad.
  • Jeff Bezos, his brother Mark Bezos, a private equity executive, Wally Funk and Oliver Daemen pose in an undated photograph.
    Jeff Bezos, his brother Mark Bezos, a private equity executive, Wally Funk and Oliver Daemen pose in an undated photograph.

Such a donation would, Mr Beasley says, put the WFP out of business, and go a long way towards solving one of the most alarming impacts of the climate emergency.

Put in such terms, what seems like an insurmountable and fiendishly complicated problem feels easy to solve.

To their credit, companies such as Mr Bezos's Amazon have led the way with commitments to a carbon-neutral future, albeit one that their founder's space exploits might appear to contradict. What these private individuals and companies have is something that many of the politicians gathering in Glasgow do not: the simple ability to act and act fast.

Of course, Mr Beasley is talking about treating the effects of the climate crisis, rather than the cause. But, perhaps, if the billionaires were to take up his challenge, they could inspire those attending Cop26 to achieve the consensus and commitment needed to tackle the bigger, even more complex problem we all face at source, too.

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: October 31, 2021, 12:25 PM