INSEAD Day 4 - 728x90

Climate Change

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

UN climate talks home in on fossil fuel deal

Negotiators have failed to produce a new draft agreement since the last text was released on Friday. The document includes...
  • Jaber, the head of the national oil company of the United Arab Emirates, has urged countries to find a "consensus and common ground" on fossil fuel
  • Saudi Arabia has opposed any phase-out or phase-down of fossil fuels and told COP28 that its "perspectives and concerns" must be taken into account

‘Private sector plays key role in climate resilience’

Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick...
  • Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick tells TRENDS.
  • Optimistic about COP28's impact and the crucial Loss and Damage Fund, the minister underscores the need for a bottom-up approach and community involvement in climate action.

NEOM launches ‘Topian’ to ensure climate-proof agriculture in Saudi

NEOM, Saudi Arabia: NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the...
  • Topian has been launched with the support of the Saudi Ministry of Environment, Water and Agriculture (MEWA).
  • Topian has signed numerous local and international strategic partnership agreements with organizations that share Topian’s commitment to reshaping the future of food.

Progress but divisions persist as climate summit fights over fossil fuels

Colombia, whose left-leaning government has aggressively promoted environmentalism, warned that COP28 was also failing on raising financing for countries to...
  • A third draft of fossil fuel deal, released on Friday, offers various ways to phase out fossil fuels but also includes the option to avoid the issue entirely
  • OPEC Secretary-General Friday urged the cartel's 13 members and 10 allies to "proactively reject" any language that "targets" fossil fuels rather than emissions

Faster hydrogen production needed for energy transition: WTO

Abu Dhabi, UAE-- In order to speed up the energy transition there must be a fast increase in the production...
  • IRENA believes that hydrogen and its derivatives would meet 14% of global final energy consumption in 2050
  • Hydrogen generated from renewable power is recognised as a key pillar in replacing fossil fuels and decarbonising sectors

Protestors demand end of fossil fuels, Gaza war at COP28

The demonstrators chanted "Climate justice!" and "Ceasefire now!" as they held pro-environment banners painted in the colors of the Palestinian...
  • The 'Blue Zone' where the COP28 talks are taking place is currently under UN control.
  • At least 17,490 people, mostly women and children, have been killed in Israeli attacks

UAE to tie up with ACSAD to achieve zero neutrality by 2050

Dubai, UAE--The Arab Centre for the Studies of Arid Zones and Dry Lands (ACSAD) will partner with the UAE's Ministry...
  • ACSAD has offered at COP28 several solutions to the problem presented by climate change, including challenges like dealing with water scarcity and food security
  • Dr. Homsi said that Arab summits had given ACSAD the task to implement a number of projects, such as the production of wheat varieties resistant to drought, high temperatures

OPEC chief says ‘single solution’ non existent for energy transition

Dubai, UAE - The OPEC oil cartel said Saturday there was no "single solution" to the energy transition as pressure grows...
  • "There is no single solution or path to achieve a sustainable energy future," said a speech by OPEC secretary general Haitham Al Ghais
  • "We need realistic approaches to tackle emissions, ones that enable economic growth, help eradicate poverty and increase resilience at the same time," he said

China pushes for ‘acceptable’ to all deal on fossil fuel at COP28

Despite efforts by the OPEC oil cartel to block any text targeting fossil fuels at COP28, Chinese envoy Xie Zhenhua...
  • Negotiations in Dubai have focused on calls to phase out the global extraction of oil, gas and coal in hopes of tackling the planet's worsening climate change.
  • The roles of China and the US are considered crucial for the world to make any progress in efforts to limit warming to 1.5 degrees Celsius.

OPEC implores members to oppose any COP28 deal targeting fossil fuels

Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks...
  • The OPEC chief urged members to reject any text or formula that "targets energy i.e. fossil fuels rather than emissions"
  • On Friday, negotiators released an updated text that still includes various options for exiting oil, gas and coal

“We are facing a global crisis”: Plastic pollution treaty talks open with ‘global crisis’ warning

Plastic pollution is so ubiquitous that microplastics have been found on the highest mountain peaks, in the deepest ocean trench...

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World Bank boosts climate financing by 10 percent

Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in...

UN draft on climate finance highlights deep divisions ahead of COP29

Paris, France - The UN has published a draft on climate financing due to be presented at the COP29 in November,...

Dubai airport diverts flights as ‘exceptional weather’ hits Gulf

Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
  • Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
  • Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.

Climate change is slowing heat waves, prolonging misery

While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, the...
  • "If a heatwave is moving slower, that means heat can stay in a region longer, so that has effects on communities," senior author Wei Zhang of Utah State University told
  • Researchers used climate models to determine what the results would have looked like absent human-caused climate change, and found manmade factors loomed large

Sprinklers and drip irrigation help Iraqis beat drought

After four years of drought, Iraqi farmer Mohammed Sami was about to abandon his father's parched land, but then a...
  • Last year the WFP's water management project helped more than 1,100 farmers "in areas most affected by climate change and drought," said Khansae Ghazi from the UN agency
  • The new irrigation systems "use 70 percent less water than traditional methods such as flooding" -- the vastly more wasteful method used for millennia