Can biodiversity credits unlock billions for nature?
Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...
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,...
Business
COP28 UAE
Climate and Gaza crises share spotlight as world leaders attend COP28
The spotlight now turns to more than 140 kings, presidents and prime ministers who will address delegates at the sprawling...
- The COP28 conference kicked off on Thursday with an early victory as nations agreed to launch a "loss and damage" fund for vulnerable countries
- But delegates face two weeks of tough negotiations on an array of issues that have long bedevilled climate talks, starting with the future of fossil fuels
Economy
Gulf leads the charge in green mobility revolution
In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental...
- In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental sustainability and reducing carbon footprints.
- This shift, led by nations like the UAE and companies like Aramex, is redefining the future of transportation, blending innovation, economic growth, and ecological stewardship.
COP28 UAE
Indian spiritual leader Sadhguru to kick off COP28 faith pavilion
Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking...
- Head of the Isha Foundation and founder of the Save Soil movement will present his vision on the critical role of healthy, living soils in mitigating the impacts of climate change
- Sadhguru has built up an international following, with over a billion views on YouTube and 11 million followers on Instagram, with his message of spirituality and climate action
COP28 UAE
Rising global temperatures in focus as COP28 kicks off in Dubai
Dubai, UAE--Rising sea levels, vanishing Arctic landscapes, fading coral reefs, acidic oceans, and raging forest fires are common occurrences today....
- Climate change and the El Niño weather pattern, according to many scientists, are to blame for the recent record-breaking temperatures around the world
- According to UN Secretary General António Guterres, people around the world experienced “hell" in countries such as Egypt, France, Greece, and India
COP28 UAE
COP28: Halting global warming, financial aid for vulnerable nations on agenda
Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...
- Climate change is an indiscriminate killer that has not spared a country or village when it comes to global heating or the increasing occurrence of devastating fires and storms
- Global experts appear to agree that 2023 is likely the hottest year on record, thanks to excessive and unforgiving greenhouse gases in the atmosphere
COP28 faces challenge of phasing out fossil fuels amid policy discrepancies
With nations' actions falling far short of the Paris Agreement's most ambitious target of limiting global warming to 1.5 degrees...
- For Guterres, who has made fighting climate change a major priority as secretary-general, a simple promise to reduce fossil fuels would not be enough
- A phase-down "can be whatever, you never know exactly what it means -- to phase out means that at a certain moment, it stops," said UN Secretary General
Business
UAE to pump CO2 into rock as carbon capture debate rages
Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump...
- The first CO2 injection is expected during COP28, and where the debate over hydrocarbons will be a key battle between campaigners and the oil lobby.
- Oil producers are throwing their weight behind carbon capture and storage (CCS) technology as a global warming solution despite criticism from climate experts.
Business
FAB becomes first MENA bank to publish TCFD climate report
Abu Dhabi, UAE -- First Abu Dhabi Bank (FAB) became the first MENA bank to publish a Task Force for...
- The TCFD standard, promoted by the Financial Stability Board since 2015, urges entities to specify the resilience of their strategies to climate-related risks.
- The report delivers on FAB’s 2019 commitment to agree to adopt TCFD recommendations into its reporting and disclosure processes.
Geostrategy
Climate crises drove 27 million children into hunger in 2022, says charity
Out of the 12, countries in the Horn of Africa were most affected, with Ethiopia and Somalia accounting for about...
- The figure represented a sharp 135 percent increase over 2021, the UK-based charity said in an analysis ahead of the COP28 climate summit opening in Dubai
- It said children made up nearly half the 57 million people pushed into crisis levels of acute food insecurity or worse across 12 countries because of extreme weather in 2022
Climate change already reducing global GDP: report
Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the...
- The report estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations
- "The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising
Can biodiversity credits unlock billions for nature?
Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...
Company News
IsDB, SWCC sign agreement
Business
Latest News
Jordan takes steps to raise position in Global Food Security Index, says minister
AMMAN, JORDAN - Agriculture Minister Khaled Al-Hneifat said the ministry has been working hard over the past year to create...
Geostrategy
Race against time after deadly Japan quake
The 7.5-magnitude quake, which hit Ishikawa prefecture on the main island of Honshu, triggered tsunami waves more than a meter...
Sheikh Hamdan issues resolution regulating single-use products in Dubai
DUBAI, UAE - Â Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
Geostrategy
Most Read
Business
IsDB, SWCC sign agreement
The collaboration will involve efforts from both parties.
- The agreement includes a mechanism for exchanging knowledge and experiences.
- It would involve transferring the experience of SWCC to the member countries of IsDB.
Economy
Sustainable mobility rises as GCC turns to hydrogen
MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National...
- MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National Hydrogen Strategy.
- The BMW Group's innovative electric and hydrogen vehicles, showcased at COP28, underscore a pivotal shift in the GCC and MENA regions towards a greener, cleaner future.
Economy
ADDED, Siemens Energy to support sustainable industrial development in Emirate
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy...
- The collaboration supports Abu Dhabi Industrial Strategy's vision to establish the Emirate as the most competitive industrial hub in the region.
- Siemens Energy will support IDB to localize the manufacturing capabilities in Abu Dhabi and provide technological solutions.