Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

UAE urges investment, action for water sustainability at UN meet

Climate Minister Mariam Almheiri highlighted the UAE’s investments in research and development and innovative water-efficient food production. (AFP)
  • The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.
  • The UAE’s national plan - the Water Security Strategy 2036 - ensures that programs are implemented on the supply and demand side.

DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data sharing and investment in achieving global solutions for promoting water sustainability.

The minister made these comments in an interactive dialogue and side sessions at the United Nations in New York.

The UN 2023 Water Conference, from March 22 to 24, brought together global leaders and experts to identify innovative solutions to water challenges.

Mariam Almheiri expressed the urgent need for action to address water scarcity and environmental preservation intensified by climate change.

“The challenges that were once seen as relevant only for desert countries or small island development states are now being experienced by a growing number of countries to the tune of nearly 2 billion people,” she said.

Almheiri participated in an interactive dialogue co-chaired by Japan and Egypt.

“There is a flip side to these challenges – investment and action, on water supply ecosystem health and food systems have never had higher returns,” she said.

The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.

The UAE’s national plan –  the Water Security Strategy 2036 –  ensures that programs are implemented on the supply and demand side.

It also ensures that water production and distribution are available in emergencies.

COP28, to be hosted by the UAE in November 2023, will build on Egypt’s pioneering inclusion of water at COP27.

“The UAE is committed to an inclusive and consultative process that results in enhanced financing policy and technology around water,” Almheiri said, adding COP28 will focus on the actions necessary to keep 1.5 degrees alive and address climate impacts, including water.

The minister shared four initial reflections on potential outcomes from consultations, investment in vulnerable and fragile countries, early warning and anticipatory action systems, and innovation.

In another session, co-chaired by the Permanent Mission of the UAE to the UN, Netherlands, Tajikistan, and UN Water, Almheiri shared the country’s experiences in addressing the challenge of water scarcity and climate change.

“What has been remarkable, during the last month of our listening tour for COP28 is how many other sectors raise water as an urgent focus; food producers, humanitarian agencies, environmental health organizations, energy producers, gender equality specialists,” she said.

“All these constituencies are feeling an imminent risk from water scarcity, acidification, extreme weather, and other climate impacts,” she said.

She said that there are remarkable economic, employment, and health opportunities from investing in actions ranging from irrigation innovation to mangrove restoration to early warning and anticipatory action systems.

Almheiri highlighted the UAE’s investments in research and development and innovative water-efficient food production.

COP28 will focus on responding to the findings of the Global Stocktake, concluding the Global Goal of Adaptation, and emphasizing the importance of water-related adaptation measures.

While water scarcity is a principal threat to human life and political stability, the UAE views addressing the global water challenge as an economic opportunity to help communities progress.

Almheiri encouraged all parties to align their efforts to adapt to and mitigate climate change with water and ecosystem conservation.