INSEAD Day 4 - 728x90

Climate Change

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

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.

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

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.

Almost half of Europe and Mediterranean basin hit by drought

Paris, France - Europe and the Mediterranean basin has been hit by a long-lasting drought covering over 45 percent of...

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Climate change parches Morocco breadbasket amid policy pitfalls

Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...

Barclays bank to stop financing new oil, gas projects

London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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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...
  • The 27-nation European Union is already working towards an interim target of cutting greenhouse gas emissions by 55 percent by 2030.
  • However, rising discontent could deal it a tougher time in trying to get the 2040 goal of 90 percent cuts adopted.

Paris Olympics’ organizers worry heatwave can spell trouble for games

A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...
  • Organizers of the Paris Olympics, which will run from July 26 to August 11, say they are "fully aware" of the climate-related risks to the Games
  • Operational teams have run simulations looking at the consequences of shifting some outdoor events to earlier or later start times to avoid the heat

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.