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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.

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.

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.

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"

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

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

World inches step closer towards plastic pollution deal: UN

Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up...
  • Global plastic production has more than doubled since the start of the century to reach 460 million tons and could triple by 2060 if nothing is done. Only 9% is currently recycled.
  • The draft deal, published by the Intergovernmental Negotiating Committee, will form the basis of fresh talks in the Kenyan capital, Nairobi, on November 13-19.

UAE tops 50C in highest May temperature on record

The United Arab Emirates registered a sizzling 50.4 degrees Celsius on Friday, the highest on record for May, following weeks...

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Oman to expand production of green hydrogen to boost non-oil economy

Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...

TAQA, GS Inima and EWEC seal deal

Abu Dhabi's Shuweihat 4 desalination project secures $444 million.

Climate threats haunt GCC’s economy and finance

The GCC faces a critical challenge as climate risks like extreme heat and water stress rise, potentially impacting the region's...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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London’s transport shifts gears with TfL’s cargo bike action plan

London, United Kingdom - On a busy north London street, plumber Ben Hume-Wright zipped through the heavy rush-hour traffic to his...
  • Transport for London (TfL), the local government body responsible for most of the British capital's transport network, launched its first "Cargo Bike Action Plan" earlier this year
  • The use of cargo bikes also increased during lockdown and encouraging their use chimes with Mayor Sadiq Khan's aim of a carbon net-zero city by 2030

ENEC announces completion of Unit 4 of Barakah Nuclear Energy Plant

The Federal Authority for Nuclear Regulation (FANR), the UAE's independent nuclear regulator, recently issued the Operating License for Unit 4...
  • The three current commercially operating Units at Barakah, delivered in three consecutive years, are already generating more than 30TWh of zero-emission electricity every year.
  • The Barakah Plant, a pivotal player in the international nuclear energy sector, boasts four APR-1400 units, marking it as one of the largest nuclear energy facilities globally.

New platform to revolutionize global sustainability

World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and...
  • World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and economic challenges.
  • The G17Eco platform, powered by WWG, equips organizations to effectively access and utilize sustainability data, integrating solutions and finances for comprehensive reporting.