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,...
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...
Economy
Geostrategy
150 dead in Libya after storm Daniel results in floods
"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
- The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.
- Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.
Business
ENEC inks MoU with OSGE
Aim is to help in decarbonization of the Polish power sector.
- One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
- Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.
Geostrategy
Countries must cooperate to battle sandstorm threat, say UN, Iran
Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe...
- According to meteorologists, sand and dust storms are expected to increase in countries most vulnerable to climate change.
- Iran, co-organizer of the two-day gathering, is one country where such storms are increasingly numerous.
Geostrategy
World falling dangerously short of climate goals: UN report
Paris, France - A world facing catastrophic climate change is perilously off course in meeting goals for slashing carbon pollution and...
- Global greenhouse gas emissions must peak by 2025 and drop sharply thereafter to keep the 1.5C target in view, the so-called stocktake said.
- "Scaling up renewable energy and phasing out all unabated fossil fuels are indispensable elements of just energy transitions to net zero emissions," it said.
IMF, World Bank vow to address climate change threat at G20
The leaders of the International Monetary Fund and World Bank announced that the two institutions will collaborate more closely to...
- "Climate change is a threat to global peace, security, economic stability, and development," IMF chief Kristalina Georgieva and WB President Ajay Banga said
- The two leaders said both IMF and WB "need to help all our member countries integrate their climate and development goals"
Business
Masdar, Africa50 sign MoU
The aim is to speed up clean energy transition in Africa.
- Masdar brings its technical expertise and extensive experience in emerging markets and will work with Africa50 to bridge the infrastructure funding gap.
- Africa50 brings its skill in developing projects in the continent and which, combined with Masdar, can help unlock clean energy potential.
Syria’s ancient adobe houses threatened by war, displacement
"Village Umm Amuda Kabira in Aleppo once had 3,000 to 3,500 residents and some 200 mud houses," said Mahmud al-Mheilej,...
- Also known as "beehive houses", the conical adobe structures are designed to keep cool in the blazing desert sun while their thick walls also retain warmth in the winter
- Umm Amuda Kabira village in Aleppo province is among a handful of places where residents long used to live in the small domed houses, made of mud mixed with brittle hay
UAE to host faith leaders for climate crisis summit prior to COP28
Abu Dhabi, UAE - A global summit for faith leaders from around the world will take place in Abu Dhabi...
- Faith leaders representing the world’s major religions will discuss the ethical responsibilities of faith leaders in addressing the climate crisis
- The meeting will also address the collaboration between faith and science to bridge the gap between empirical evidence and spiritual teachings
Geostrategy
2023 likely to be hottest year in human history, says EU climate monitor
"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...
- The average global temperature in June, July and August was 16.77 degrees Celsius (62.19 degrees Fahrenheit), surpassing the previous 2019 record of 16.48C.
- "The three months that we've just had are the warmest in approximately 120,000 years, so effectively human history," C3S deputy director Samantha Burgess told AFP
Climate change worsening heatwaves, air quality: UN
The wildfire smoke recently suffocating cities from Athens to New York may be the most visible sign of air pollution...
- Fine particulate air pollution from things like vehicle and industrial emissions but also sand and wildfires, is greatest external threat to public health, a recent study said
- On Wednesday, the EU's Copernicus Climate Change Service said the Earth had just had its hottest three months on record, with last July the hottest month ever recorded
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,...
Company News
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World Bank to expand climate funding in MENA by $10 billion
Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
COP28 UAE
World unites at COP28 to shift away from fossil fuels
Nearly 200 nations in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step...
COP28 UAE
Digitalization has high environmental costs, says UNCTAD meet
DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...
Geostrategy
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Public-private partnerships play key role in environmental finance, says EIF official
DUBAI, UAE – Public-private partnerships have the potential to play a significant role in mobilizing private financing for environmental solutions,...
- The European Investment Fund seeks to address environmental and biodiversity challenges as part of its climate position.
- The European fund has significantly committed to the green transition by mobilizing US$ 2.15 billion in funding.
COP28 UAE
‘Investment policies must align with net-zero goals’
An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions,...
- An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions, WEF's Kimberley Botwright tells TRENDS.
- Technological advancements, particularly AI, are key accelerators in sustainable trade, while an estimated $125 trillion is required for the net-zero transition by 2030, she adds.
‘Tech solutions help make food practices sustainable’
UAE's launch of Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, WEF's Tania...
- UAE's proactive role in launching Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, says WEF's Tania Strauss.
- The success of UAE's Food Innovation Hub hinges on public-private sector collaboration, with ongoing work to define roles and ecosystems, adds the head of food and water at WEF.