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.

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

Saudi urges leniency in climate change policies for low income nations

Riyadh, Saudi Arabia - Saudi Arabia said on Thursday that policies to address climate change should not "crush the bones" of...
  • Climate change is "relevant and important" but "should not be attended to by crushing the bones and the future of the less (powerful) people," Prince Abdulaziz said.
  • Prince Abdulaziz said on Thursday that attempts to provide financial support to countries affected by climate change had so far delivered poor results.

Higher global temperatures culprit El Nino could stay till Apr 2024

Geneva, Switzerland - The El Nino weather phenomenon, which triggers higher global temperatures, is expected to last until at least April...
  • El Nino is a naturally occurring climate pattern typically associated with increased heat worldwide, as well as drought in some parts of the world and heavy rains elsewhere
  • The UN's World Meteorological Organization said the current El Nino, which developed rapidly during July-August this year, was likely to peak between now and January

Fossil fuel plans by producing nations threatens 1.5C limit: UN

Most of the world's leading producers of fossil fuels have pledged to achieve "net-zero" emissions by midcentury -- a target...
  • UNEP report covers 20 countries that account for 82 percent of production and 73 percent of consumption of the world's fossil fuel supply
  • UNEP said the world's biggest emitter China produces just over half of the world's supply of coal, the most polluting of the fossil fuels

Turkmenistan plants over 470,000 trees in a single day

Turkmenistan is one of the most closed societies in the world, where dissent is outlawed and the Berdymukhamedov family have...
  • The United Nations Food and Agriculture Organization (FAO) says water stress in Turkmenistan is "extremely high".
  • Three-quarters of the country are covered by the black sands of the Karakum Desert and annual precipitation is below 100 mm in places.

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
  • UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
  • It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.

Climate ‘loss and damage’ fund tops UAE talks ahead of COP28

Abu Dhabi, UAE - Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks...
  • "The main focus for the moment is clearly the loss and damage fund," French Energy Minister Agnes Pannier-Runacher told AFP.
  • The loss and damage fund is based on voluntary contributions and is not an "obligation", Pannier-Runacher added.

Oman revives CO2-busting mangroves as climate threat lurks

Oman, a minor oil producer compared with its neighbours the United Arab Emirates and Saudi Arabia, is moving quickly in...
  • The country of 4.5 million people has become the Gulf's centre for mangrove restoration and preservation
  • Mangrove habitats can remove carbon dioxide from the atmosphere at a faster rate than forests

COP28 wide open to private sector, says climate talks chief

ABU DHABI, UAE -  Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale,...
  • Sultan Al Jaber, the COP28 president has consistently tried to frame the climate crisis as an economic opportunity.
  • He said about 70 ministers and 100 delegations are attending the two-day talks, more than double the usual number.

Eight-country coalition aims to tax luxury air travel

Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on...

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Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...

World sees first 12 months above 1.5C warming level, says climate monitor

PARIS, FRANCE -  Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...

EU seeks 90 percent drop in greenhouse emission by 2040

Strasbourg, France - The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Embracing renewables secures UAE’s green future

"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
  • UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
  • The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.

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...
  • Some 90,000 people have applied to the scheme since the start of the month, French Environment Minister Bechu said.
  • President Emmanuel Macron unveiled the plan on social media in December as part of efforts to reduce carbon emissions in France.

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...
  • Saudi Arabia’s participation in the annual meet underscores its pivotal role in the transition toward carbon neutrality.
  • The Kingdom’s engagement provides an opportunity for communication with key players in the private sector globally.