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• UAE to host the World’s Best Padel Players at the First-Ever WPT Abu Dhabi Padel Master Tournament in February 2023

29 December 2022

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World Padel Tour (WPT), the world’s leading professional padel circuit, Abu Dhabi Sports Council , Abu Dhabi Department of Culture and Tourism , and property developer Modon today announced Abu Dhabi as the host city for the first-ever Abu Dhabi Padel Master tournament .

The event has drawn 128 of the world’s top-ranked padel players at the Modon Abu Dhabi Padel Master from 21-26 February 2023 at Bab Al Nojoum on Hudayriat Island . 

The Modon Abu Dhabi Padel Master 2023, which will be organised by Global MICE Organisation Limited (GMOL Events) and presented by the Abu Dhabi Sports Council in collaboration with the Abu Dhabi Department of Culture and Tourism, will be the only master category tournament hosted by the World Padel Tour in the Middle East for the next five years.

The announcement was made at a press conference held in the presence of H.E. Aref Hamad Al Awani, General Secretary of Abu Dhabi Sports Council; H.E. Saleh Mohamed Saleh Al Geziry, Director General for Tourism at the Abu Dhabi Department of Culture and Tourism; H.E. Saeed Ali Obaid Al Fazari, Strategic Affairs Executive Director at the Abu Dhabi Department of Culture and Tourism; Bill O’Regan, CEO of Modon Properties; and Namir Hourani, Managing Director of GMOL Events. Alex Corretja, Deputy President of the World Padel Tour and former professional tennis champion, delivered a virtual keynote speech highlighting the importance of the World Padel Tour coming to Abu Dhabi.

H.E. Awani said: “We are delighted to announce Abu Dhabi as the host of the World Padel Tour Master tournament and invite everyone to the UAE’s capital to witness the world’s best players compete on Hudayriat Island, reaffirming Abu Dhabi’s ability to host top-notch international sporting events. Padel continues to gain major traction in the UAE with scores of new world-class facilities enhancing grassroots adoption and interest in the sport.”

H.E Al Geziry added: “Padel Tennis has become one of the most sought-after racquet sports events, earning a prestigious place in the international sporting calendar. We are pleased to host 128 of the world’s top male and female players in Abu Dhabi to compete on Hudayriyait Island, and we look forward to welcoming local and international visitors to the UAE’s Capital to enjoy the tournament and what the city has to offer.”

The Modon Abu Dhabi Padel Master 2023 will be the first Master tournament in the 2023 WPT season and marks one of only a handful of annual Master tournaments held around the world. Abu Dhabi joins Barcelona, Buenos Aires, Marbella, Valladolid, and Madrid as the latest city to host a WPT Master, the most prestigious tournament on the WPT circuit.

Delivering a virtual address, Corretja said: “We are excited to anchor a new Master tournament in Abu Dhabi, which has positioned itself as a world-class destination for leisure and sports entertainment with high-quality facilities and great infrastructure. This will not only be WPT’s first Master tournament of the 2023 season, but it will also be the only Master to be held in the Middle East, leveraging on the major boom the sport continues to witness in the UAE.”

The Modon Abu Dhabi Padel Master 2023 will take place at Bab Al Nojoum, Abu Dhabi’s luxury campsite on Hudayriyat island, a leading leisure destination by Modon Properties. The island is located on the west coast of Abu Dhabi and has quickly become one of the emirate’s most thrilling sporting destinations. It boasts a range of high-end sporting facilities that add fitness-themed fun to its picturesque surroundings while promoting a healthy and active lifestyle.

O’Regan said: “We look forward to showcasing Hudayriyat Island to the world through an action-packed global sport spectacle that will attract fans and families from the UAE and across the globe. Hosting the Modon Abu Dhabi Padel Master reflects our vision to offer leisure and recreational attractions across the Emirate in a way that inspires residents to lead healthier and active lifestyles.”

The Modon Abu Dhabi Padel Master 2023 will see 128 top-ranked men and women players compete in the main draw from 21 - 26 February, while the qualification round will occur from 18-20 February. The Master tournament is WPT’s top category tournament, awarding players with the highest number of ranking points across the entire tour. The Modon Abu Dhabi Master will grant a total prize money of €450,000, the highest amount ever awarded in a WPT tournament.

The event sponsors include Abu Dhabi property developer Modon Properties, multinational food chain McDonald’s, leading Spanish brewer Estrella Damm, sports equipment company Head, and leading Spanish Padel equipment supplier Bullpadel, amongst others.

Hourani, said: “Padel is an incredibly thrilling sport for spectators, players of all skill levels, and the growing communities that have embraced it, so we’re extremely excited about having secured the world’s most prestigious Padel tournament for Abu Dhabi. With live entertainment, music, unique food outlets, and community activities that will bring together UAE's residents and international visitors, the Modon Abu Dhabi Padel Master 2023 is anticipated to be one of the most coveted sports festivals in the UAE.”

The Modon Abu Dhabi Padel Master 2023 will be broadcasted live in more than 130 countries.  For information and updates on the Modon Abu Dhabi Padel Master 2023, visit www.abudhabipadelmaster.com .

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MODON ABU DHABI MASTER 2023

Overview: Cardona and Ramirez fly up men's rankings, Lima invades top ten

The modon abu dhabi padel master 2023 has stirred up the men's rankings, with tournament revelations pablo cardona and ivan ramirez making huge gains..

01-03-2023 | 5 minutos de lectura-->

It was the highest-scoring event in World Padel Tour history as eventual winners  Arturo Coello  and  Agustin Tapia  took home two thousand points each, while finalists  Juan Lebron  and  Alejandro Galan  still earned 1.200 points.

Inside the top ten

Tournament winner and MVP  Arturo Coello  moved up a single place to fourth, overtaking  Sanyo Gutierrez  who stranded in the quarter-finals. Coello and team-mate  Agustin Tapia  will now be the second-ranked couple starting in Paraguay - La Rioja and Chile's draw was already made before Abu Dhabi. 

Martin Di Nenno  moved up a slot to seventh, meaning he and  Franco Stupaczuk  are now the four-seed, while  Pablo Lima  has moved up one place to tenth following his quarter-final appearance.

Looking down the top 50, the biggest winners are youngsters  Pablo Cardona  and  Ivan Ramirez . The Spaniards surprisingly reached the quarter-finals, and have flown up the rankings because of it. Cardona has moved up 29 places to 63rd, while Ramirez has gained ten slots to become 37th.

Inside the top 20,  Miguel Yanguas  was the big winner as the Spaniard went up three places, while his fellow countryman  Jon Sanz  earned two places despite crashing out in the first round.

Semi-finalists  Gonzalo Rubio  and  Javi Ruiz  scored 720 points each, but only have three and five earned places to show for it respectively.

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Abu Dhabi Master — this is the main draw of the first WPT tournament of the year

The final draw of the Abu Dhabi Master has been announced, and everything is ready for the first world padel tour tournament of the year.

The wait is coming to an end. From February 21st to 26th the first WPT tournament of the year will take place in the Arab Emirates: The Abu Dhabi Master.

The circuit has already announced the main draws, and the highlight is that finally Arturo Coello and Agustin Tapia were favored in the draw, and will start as number two seeded couple. In their first match as a couple, they will face Garcia and Barahona.

The world number ones, Ale Galan and Juan Lebron, will have a very tough debut against the dangerous pair of Xisco Gil and Ramiro Moyano, who will surely make things difficult for them.

In the women's draw, the match between the Sanchez Alayeto twins and the new duo of Delfi Brea and Sofia Araujo - serious candidates to climb positions in the ranking - stands out.

The queens of world padel, Gemma Triay and Alejandra Salazar, will play their first match against the debutant couple Cortiles/Saiz.

These are the main draws:

Female draw

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Saeed bin Maktoum crowns winners of Modon Abu Dhabi Padel Master

• 27 Feb 2023
• Source : ADSC

Sheikh Saeed Bin Maktoum Bin Juma Al Maktoum, President of the UAE Padel Association, presented the trophies to the winners of the 2023 World Padel Tour season opener Modon Abu Dhabi Padel Master during the awards ceremony that took place among a packed crowd on the centre court located on Bab Al Nojoum, Hudayriyat Island.

Agustín Tapia/Arturo Coello Manso defeated Alejandro Galán Romo/Juan Lebrón Chincoa (7-6 / 6-3) to win the Men’s tournament, while Ariana Sánchez Fallada/Paula Josemaría Martín clinched the Women’s title by beating Alejandra Salazar Bengoechea/Gemma Triay Pons [6-3 / 6-3]. Also awarded were Ariana Sánchez Fallada and Arturo Coello Manso, who were bestowed the ‘Most Valuable Player’ award in their respective categories.

The sold-out finals provided thrilling excitement from some of the world’s top players who battled it out in the custom-built court on the beach. The winning duos expressed their delight at being awarded the highest-ever World Padel Tour points haul of 2,000 points.

Aref Al Awani, general secretary of Abu Dhabi Sports Council, said: “Abu Dhabi has cemented its position as a premier host of world-class sporting events. The Modon Abu Dhabi Padel Master has proven to be a resounding success, not only for the players and spectators, but for the entire regional sports industry. It has provided invaluable opportunities for the growth and development of padel in the UAE and the wider Gulf region, showcasing Abu Dhabi’s defining sporting infrastructure and capabilities. The event has been a testament to the emirate’s potential as a hub for global sports, and we are incredibly proud of the Emirati players, who participated and demonstrated the country’s potential as a padel powerhouse. We will continue to support and encourage the growth of the sport in the UAE.”

Padel’s meteoric rise as the fastest-growing sport in the region is nothing short of remarkable, and the World Padel Tour Modon Abu Dhabi Padel Master provided a unique opportunity to embrace the sport’s burgeoning popularity, creating a platform to celebrate and appreciate the UAE’s padel community and passionate enthusiasts.

Ramon Agenjo, president of the World Padel Tour, said: “The Modon Abu Dhabi Padel Master has been an exceptional event, showcasing Abu Dhabi’s readiness to host sports events and our commitment to fostering a vibrant culture for sports in the region. The qualifications of the Emirati players, and the region’s first-ever participation in the main draw of a World Padel Tour tournament, mark a significant moment for the sport in the Arab world, inspiring young players and promoting greater diversity and inclusion in the sport. We are proud to have organised this event with the Abu Dhabi Sports Council and thrilled to have been a part of such a prestigious tournament, which has brought together the world’s top players and local talents, furthering the growth and development of padel in the UAE and the wider Gulf region.”

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UAE TO HOST THE WORLD’S BEST PADEL PLAYERS AT THE FIRST-EVER WPT ABU DHABI PADEL MASTER TOURNAMENT IN FEBRUARY 2023

• 20 Dec 2022
• Source : ADSC

World Padel Tour (WPT), the world’s leading professional padel circuit, Abu Dhabi Sports Council , Abu Dhabi Department of Culture and Tourism , and property developer Modon today announced Abu Dhabi as the host city for the first-ever Abu Dhabi Padel Master tournament.

The event has drawn 128 of the world’s top-ranked padel players at the Modon Abu Dhabi Padel Master from 21-26 February 2023 at Bab Al Nojoum on Hudayriat Island. 

The Modon Abu Dhabi Padel Master 2023, which will be organised by Global MICE Organisation Limited (GMOL Events) and presented by the Abu Dhabi Sports Council in collaboration with the Abu Dhabi Department of Culture and Tourism, will be the only master category tournament hosted by the World Padel Tour in the Middle East for the next five years.

The announcement was made at a press conference held in the presence of H.E. Aref Hamad Al Awani, General Secretary of Abu Dhabi Sports Council; H.E. Saleh Mohamed Saleh Al Geziry, Director General for Tourism at the Abu Dhabi Department of Culture and Tourism; H.E. Saeed Ali Obaid Al Fazari, Strategic Affairs Executive Director at the Abu Dhabi Department of Culture and Tourism; Bill O’Regan, CEO of Modon Properties; and Namir Hourani, Managing Director of GMOL Events. Alex Corretja, Deputy President of the World Padel Tour and former professional tennis champion, delivered a virtual keynote speech highlighting the importance of the World Padel Tour coming to Abu Dhabi.

H.E. Al Geziry said: “We are delighted to announce Abu Dhabi as the host of the World Padel Tour Master tournament and invite everyone to the UAE’s capital to witness the world’s best players compete on Hudayriat Island, reaffirming Abu Dhabi’s ability to host top-notch international sporting events. Padel continues to gain major traction in the UAE with scores of new world-class facilities enhancing grassroots adoption and interest in the sport.”

Speaking at the press conference, H.E Al Fazari added: “Padel Tennis has become one of the most sought-after racquet sports events, earning a prestigious place in the international sporting calendar. We are pleased to host 128 of the world’s top male and female players in Abu Dhabi to compete on Hudayriyait Island, and we look forward to welcoming local and international visitors to the UAE’s Capital to enjoy the tournament and what the city has to offer.”

The Modon Abu Dhabi Padel Master 2023 will be the first Master tournament in the 2023 WPT season and marks one of only a handful of annual Master tournaments held around the world. Abu Dhabi joins Barcelona, Buenos Aires, Marbella, Valladolid, and Madrid as the latest city to host a WPT Master, the most prestigious tournament on the WPT circuit.

Delivering a virtual address, Corretja said: “We are excited to anchor a new Master tournament in Abu Dhabi, which has positioned itself as a world-class destination for leisure and sports entertainment with high-quality facilities and great infrastructure. This will not only be WPT’s first Master tournament of the 2023 season, but it will also be the only Master to be held in the Middle East, leveraging on the major boom the sport continues to witness in the UAE.”

The Modon Abu Dhabi Padel Master 2023 will take place at Bab Al Nojoum, Abu Dhabi’s luxury campsite on Hudayriyat island, a leading leisure destination by Modon Properties. The island is located on the west coast of Abu Dhabi and has quickly become one of the emirate’s most thrilling sporting destinations. It boasts a range of high-end sporting facilities that add fitness-themed fun to its picturesque surroundings while promoting a healthy and active lifestyle.

O’Regan said: “We look forward to showcasing Hudayriyat Island to the world through an action-packed global sport spectacle that will attract fans and families from the UAE and across the globe. Hosting the Modon Abu Dhabi Padel Master reflects our vision to offer leisure and recreational attractions across the Emirate in a way that inspires residents to lead healthier and active lifestyles.”

The Modon Abu Dhabi Padel Master 2023 will see 128 top-ranked men and women players compete in the main draw from 21 - 26 February, while the qualification round will occur from 18-20 February. The Master tournament is WPT’s top category tournament, awarding players with the highest number of ranking points across the entire tour. The Modon Abu Dhabi Master will grant a total prize money of €450,000, the highest amount ever awarded in a WPT tournament.

The event sponsors include Abu Dhabi property developer Modon Properties, multinational food chain McDonald’s, leading Spanish brewer Estrella Damm, sports equipment company Head, and leading Spanish Padel equipment supplier Bullpadel, amongst others.

Hourani, said: “Padel is an incredibly thrilling sport for spectators, players of all skill levels, and the growing communities that have embraced it, so we’re extremely excited about having secured the world’s most prestigious Padel tournament for Abu Dhabi. With live entertainment, music, unique food outlets, and community activities that will bring together UAE's residents and international visitors, the Modon Abu Dhabi Padel Master 2023 is anticipated to be one of the most coveted sports festivals in the UAE.”

The Modon Abu Dhabi Padel Master 2023 will be broadcasted live in more than 130 countries.  For information and updates on the Modon Abu Dhabi Padel Master 2023, visit www.abudhabipadelmaster.com .

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Padel Galis, official court of the Modon Abu Dhabi Master

The 2023 World Padel Tour kicked off in Abu Dhabi and Padel Galis was chosen to provide the official court for the first international tournament of the year.

Padel Galis has been the official World Padel Tour court since 2020 and is the only manufacturer to produce and sell, worldwide, the two licensed models: WPT Special Edition and WPT Challenger .

Padel Galis was chosen to install three WPT Special Edition courts – on both the centre court and courts 2 and 3 – for the Modon Abu Dhabi Master, the first event of the 2023 World Padel Tour.

Given the growth of padel and the expectation it is arousing in the United Arab Emirates, Padel Galis not only sent its installation and assembly team to Abu Dhabi, but also members of its commercial and management teams to provide potential customers in the area with advice about their projects. Since Atitlan became a shareholder and also since its strategic alliance with Wilson – designed to expand its presence in the United States – Padel Galis’ commitment to the global expansion of padel is well known.

The United Arab Emirates, where Padel Galis has already installed a large number of padel courts, is a key area for the company’s international expansion. The WPT Abu Dhabi Master provided the perfect opportunity to showcase the innovative and technologically advanced product that Padel Galis manufactures and distributes all over the world, backed by the guarantee and reliability that comes from having been the official supplier of the World Padel Tour for three years in a row.

One of the most spectacular projects that the firm has undertaken in this region is the Danube Sports World in Dubai, the largest indoor sports facility in the Middle East covered by an air-conditioned inflatable roof. In addition to padel courts, it also offers spaces for other sports such as football, badminton, cricket and beach volleyball.

Now that the event is over, we would like to extend our congratulations to the pairs who have won the Modon Abu Dhabi Master and who have taken the passion for this sport to the highest level: Ariana Sánchez and Paula Josemaría in the women’s category, and Agustín Tapia and Arturo Coello in the men’s category.

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A wild card chance to enter the World Padel Tour

• January 30, 2023
• By Caroline D’Almeida

The UAE Wild Card Championship will allow wild card entries to compete in the pre-qualification round of the much-anticipated World Padel Tour.

Racquets at the ready, it’s padel time!

In January and February this year, the UAE Padel Association will be launching the first-ever national qualifying padel tournament across several emirates.

Entitled the UAE Wild Card Championship, the event will serve as a build-up for the World Padel Tour. With over 200 advanced padel teams from the UAE and the GCC expected, the championship will feature six padel tournaments.

Finalists from each tournament will earn ‘wild card’ entries to compete in the pre-qualification round of the World Padel Tour’s “Modon Abu Dhabi Padel Master”.

You might also like: Racquets ready? Abu Dhabi to host first-ever Padel Master tournament

With padel fast gaining favour among residents in the UAE, especially the youth, opportunities will only further the goals of the UAE Padel Association to further develop the sport and its players. And of course, establish the country as an international padel spot to watch out for.

It is worth noting that the UAE Padel Association is currently finalizing discussions with Emirates Post Group to sponsor the national padel tournaments towards the World Padel Tour – Abu Dhabi Padel Master 2023, and details of this sponsorship are expected to be announced later this week.

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Body On a Chip

How Ken-ichiro Kamei’s childhood love of Legos inspired his professional discoveries that could cure diseases.

“How do I make this useful for humanity?” This is the guiding question for Associate Professor Ken-ichiro Kamei , who has a joint appointment in Biology and Bioengineering. 

Kamei is working on a project that can change how life-saving drugs are discovered and tested and how diseases are treated in humans and animals. He clearly remembers the moment in 2012 when he had an epiphany to combine two research areas. 

“I was training in both chip research and stem cell research. I was always thinking about key applications. Then I saw the potential to combine them,” he said. 

Kamei invented “Body-on-a-Chip.” The invention is a chip the size of a name badge that can mimic organs and diseases of humans and animals.

In 2017, he published his first research on cancer, by putting liver cancer cells and heart cells into “Body-on-a-Chip” to see what side effects the anti-cancer drug was having on the heart. 

Kamei has been working on  non-alcoholic fatty liver disease, or NAFLD . The disease is very complicated, so Kamei said he studied it before testing any drug and is working on replicating NAFLD in a chip for future drug discovery. 

“If the fatty liver disease gets to an advanced stage, it requires a liver transplant,”  Kamei said. “You have to find a suitable donor, which is difficult to match. If we can stop this disease at an early stage, we will not require a liver transplant.”  

 His work can create opportunities to study human diseases in a controlled setting that allows for observations to be studied. However, his invention extends to other reaches of biology that could help with conservation efforts. 

Kamei also has a particular interest in endangered animals. Kamei described being “quite lucky” to attend a conference where he met researchers working on endangered animals. He immediately saw an opportunity to collaborate and create something novel.

“A gorilla can easily have a heart attack; we don’t know why,” he said. “We need to have good treatment to save such endangered animals. 

In particular, obtaining stem cells from endangered animals can be very useful for species conservation. Therefore, I’m working on a “Stem-Cell-on-a-Chip” for endangered animals.”

Kamei’s unending curiosity and drive to create started as a young boy. He was one of those kids who liked to put Legos together without using instructions, always interested in making something new. 

He was inspired by Caltech Professor Richard P. Feynman, the 1965 Nobel Prize winner in Physics, who famously wrote the following on his blackboard.

“What I cannot create, I do not understand.”

Kamei is himself fairly new to NYUAD. He said his wife, Professor of Biology Dan Ohtan Wang, chose NYUAD for her teaching and research and assured him it was “the place to go.”

“She found this to be a really amazing place, and then we both agreed to come out here,” said  Kamei. “I also really like the international atmosphere here.”

Kamei believes the international atmosphere at NYUAD is stimulating and will help grow his research.

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Abu Dhabi hosts first Board Meeting of Global Climate Fund for Loss and Damage

ABU DHABI, 9th May, 2024 (WAM) – Abu Dhabi has hosted the first board meeting of the Global Climate Fund for Loss and Damage.

The board of the fund meeting focused on financing innovative solutions emerging from the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which was hosted by the UAE at Expo City, Dubai, at the end of 2023, as well as what was agreed upon in the “UAE Consensus.”

During his speech at the preliminary events, Abdullah Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability Affairs and UAE representative in the fund's board, stated: "Parties have contributed to making history on the first day of COP28, by agreeing on the activation and financial arrangements of the Global Climate Fund for Loss and Damage after 30 years of anticipation, reflecting international solidarity to support the most impacted developing countries from the repercussions of climate change."

He highlighted the board’s crucial role in ambitiously implementing this commitment reflecting the UAE's leading and steadfast efforts in creating a sustainable future for all.

The UAE’s hosting of the first meeting on the Global Climate Fund for Loss and Damage, following the historic outcomes of COP28, which included the activation of the fund and its financial arrangements, is the aftermath of the COP28 Presidency’s efforts and the negotiating team's constructive cooperation with all parties. Moreover, it is the result of global cooperation towards supporting the most vulnerable developing countries from climate-related impacts.

The negotiators will continue to call on all parties to fulfill existing undertakings and expanding them with additional pledges beyond what was initially announced during COP28, by building on the momentum achieved and ensuring the fund's readiness for action by COP29.

The COP28 Presidency had assigned a team of skilled Emirati youth to negotiate with concerned parties over this vital issue. The young negotiators – in following the events of the first landmark meeting which was the culmination of their efforts – described their participation in the negotiations on "Addressing Loss and Damage" as an unforgettable experience which enabled them to witness a historic achievement firsthand.

They also expressed their happiness over the outcomes of the Consensus and its potential for realising significant and fundamental change. Moreover, they affirmed confidence in the fund and the board to play a decisive role in assisting developing countries confront increasingly negative climate-related impacts.

COP28, hosted by the UAE, served as a historic milestone, which accomplished consensus among all countries on activating and financing mechanisms for a global fund specialised addressing the impacts of climate change. For almost three decades, since it was first introduced to the COP agenda, the concept of supporting the most vulnerable countries from the consequences of climate change has been a topic of discussion.

The fund represents a crucial step towards enhancing international solidarity to face the climate crisis and its increasing repercussions, where several regions across the world suffer from storms, floods, wildfires, rising sea levels, severe weather phenomena, droughts, and other negative impacts of climate change. However, the most susceptible countries such as island states and developing nations are the least responsible for the harmful emissions causing global warming yet face existential threats due to the negative effects of these emissions on the environment and climate.

For more than 30 years, developing countries faced strong opposition from wealthy countries, who feared being compelled to pay compensation for their emissions. At COP27 in Sharm El-Sheikh, Egypt, leaders agreed to establish a fund to support developing countries, especially in the Global South, to deal with the devastating impacts of climate change, yet observers believed that turning this agreement into practical and tangible action might take a long time. Therefore, the activation of the fund and the start of its financing at the outset of COP28 was a pleasant surprise to the world, and a testimony of the UAE’s seriousness and the efficiency of the conference’s presidency, and a reflection of the strength of its results that exceeded expectations.

These outcomes were achieved on account of the diligent efforts of the COP28 Presidency, and the UAE's contribution of USD 100 million to the fund, which encouraged the European Union, the United States, the United Kingdom, and other parties to present rapid pledges and contributions reaching approximately USD 400 million. Additionally, 19 countries have pledged commitments reaching a total of USD 792 million, including USD 662 million for financing.

However, there remains a pressing need for increased support to fulfill the needs of developing countries. Therefore, the COP28 Presidency continues calling for capable countries and entities to contribute towards financing the fund.

Notably, the agreement stipulates that the World Bank should host the fund for an initial period of four years, whereby the fund will distribute resources based on available evidence, with a specific percentage allocated to support the least developed countries and Small Island Developing States (SIDS).

The tasks of managing the fund include administering its resources fairly, developing effective mechanisms to ensure the implementation of projects and monitoring their results. Achieving these goals necessitates a concerted international effort to confront the increasing severity and frequency of natural disasters associated with climate change, and developing flexible mechanisms to meet the evolving needs of countries and keep up with the rapid developments in the field of climate change.

COP28’s Presidency played a pivotal role in advancing negotiations to establish the fund, through an extensive global tour aimed at listening, communicating, and fact-finding that included more than 100 countries to identify the needs of the most vulnerable countries to the impacts of climate change and understand their perspectives. The COP28 UAE Presidency and Emirati negotiators worked tirelessly to ensure that those countries receive fair support through the fund. These efforts have overcome significant challenges due to the UAE's keenness to achieve climate justice, and its solidarity with countries who need the most support.

The Global Climate Fund for Addressing Loss and Damage faces essential challenges, most prominently, ensuring the sustainability of financing, as the total needs of developing countries to face the impacts of climate change are estimated at trillions of dollars, which highlights the pressing need to manage the fund efficiently and transparently. Furthermore, the fund necessitates the commitment of all parties to support and facilitate its tasks with the increased funding provided from wealthy countries and the private sector, enabling it to effectively contribute to the protection of planet Earth from the threats of climate change.

The likelihood of increasing contributions to the fund and guaranteeing its future financing and success are high, particularly in view of the broad international support received so far, and the increasing global awareness on the importance of climate action expected in the years ahead. This represents a recognition of the moral responsibility of advanced nations in supporting developing countries confront the challenges of climate change, to ensure the most impacted countries are able to finance efforts to achieve climate resilience and recover from climate-related disasters.