Nations divided ahead of decisive week for shipping emissions
London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
Geostrategy
World reaches $300 bn climate finance deal at COP29
A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
Economy
MENA’s $2trn construction boom boosts sustainability
With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in...
- With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in sustainable urban development.
- The region sees a unique chance to pioneer sustainable technologies, potentially reducing lifecycle emissions by 50-60%, highlights Strategy& Middle East and Dar.
Geostrategy
Fishing nations pledge to protect sharks, rays
CAIRO, EGYPT - Atlantic fishing nations have agreed to better protect sharks and rays by limiting the retention of several bycatch...
- Sharks and rays are facing what conservationists have called an extinction crisis, with nearly two thirds of coral reef species at risk.
- Sharks and rays must be better protected by governments and fisheries said an advocacy coalition advancing conservation policies.
COP28 turns attention to potent methane emissions
Methane -- which is potent but relatively short-lived -- is a key target for countries wanting to slash emissions quickly...
- Methane is the second largest contributor to climate change, accounting for around 16 percent of the warming effect
- It remains in the atmosphere for only about 10 years, but has a much more powerful warming impact than CO2
Business
Norwegian firm expects first cross-border transport of CO2 in 2025
Oslo, Norway -- Norwegian fertilizer group Yara International on Monday signed a contract to begin transporting CO2 produced at its Netherlands...
- Yara International signed a contract to begin transporting CO2 produced at its Netherlands plant to Norway so it can be buried under the seabed.
- Carbon capture and storage is aimed at helping halt climate change, involves capturing CO2 emissions at factory smokestacks and burying them underground in geological reservoirs.
World’s richest 1% emit as much carbon as bottom two-thirds: report
Among the key findings of this study are that the richest one percent globally -- 77 million people -- were...
- While fighting the climate crisis is a shared challenge, not everyone is equally responsible and government policies must be tailored accordingly, co-author of the report says
- "Climate Equality: A Planet for the 99%", was based on research compiled by SEI and it examined the consumption emissions associated with different income groups
Business
UAE holds 19% of global sustainable bonds, says Fitch Ratings
DUBAI, UAE - Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues...
- Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region.
- Environmental, social and governance bonds in UAE constitute over 19 percent of the global ESG bond market.
Business
Adoption of electric vehicles in US face infrastructure hurdles
NEW YORK, US - The US transition to electric cars has hit a speed bump, with concerns about vehicle range and...
- Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs at dealerships.
- The network of EV charging stations in the US remains dodgy, with many areas either lacking infrastructure or equipped with unreliable machines
UN says greenhouse gas emission reach all time high in 2022
The UN's World Meteorological Organization said levels of the three main greenhouse gases -- the climate-warming carbon dioxide, methane and...
- Such levels of heat-trapping gases will mean further temperature increases, more extreme weather and higher sea levels.
- The global mean temperature in 2022 was 1.15C above the 1850-1900 average, with 2023 likely to be the warmest year on record.
Economy
China emissions to fall in 2024 on renewables jump
The country has been installing renewable energy capacity at breakneck speed, with new solar in 2023 alone amounting to twice...
- China is the largest greenhouse gas emitter and has brushed aside calls for a more ambitious carbon neutrality target
- IEA says the country is projected to account for 45 percent of global emissions from existing fossil fuel assets
Endangered sea turtles get second life at Tunisian centre
The facility, one of two in North Africa, is run by the EU-funded Life Med Turtles project, which looks after...
- Since the centre opened in 2021, nearly 80 turtles have been treated and returned to their natural environment, said its chief Imed Jribi
- Every year, around 10,000 loggerheads are caught by trawlers and in fishing nets in the waters off Tunisia, a potential death sentence for the turtles
Nations divided ahead of decisive week for shipping emissions
London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
Geostrategy
Company News
IsDB, SWCC sign agreement
Business
Latest News
France flooded with applications for electric car leasing scheme
Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...
Business
Saudi Arabia to highlight role in dealing with global challenges at WEF meet
RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
Economy
2023 hottest recorded year as Earth nears critical threshold
PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
Geostrategy
Most Read
Makkah region sees 600% surge in green spaces within 5 months
Jeddah, Saudi Arabia - There has been a 600% increase in green spaces in Makkah region from August to December...
- Remote sensing data analysis revealed that the total area of vegetation cover in Makkah in August was 3,529.4 square kilometers
- This area gradually rose over the following months with increased rainfall, reaching 26,256 square kilometers by the end of the year
Japan quake toll rises to 62 as weather hampers rescuers
The 7.5-magnitude quake on January 1 that rattled Ishikawa prefecture on the main island of Honshu triggered tsunami waves more...
- The regional government of Noto Peninsula announced Wednesday that 62 people had been confirmed dead and more than 300 injured, 20 of them seriously
- JMA said the quake which triggered a major tsunami warning, had a magnitude of 7.6 and was one of more than 400 to shake the region through Wednesday morning
Geostrategy
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...
- One of the points to achieve this goal are the creation of a national database for food security.
- The other is the issuance of a unique system for the Food Security Council, the minister said.