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.

Economists convened by COP28 lay out steps to reform global climate finance

ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...
  • Particular areas of focus for the new framework will include addressing debt distress in vulnerable countries.
  • Group said that private finance flows need to grow much faster to meet the $2.4 trillion investment estimated nnually.

Caspian Sea water levels hit 30-year low

Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24 percent, as the northern half...
  • Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24%, as the northern half witnesses a more significant drop than the southern part.
  • The Caspian Sea supports a vital fishery, provides water for agriculture, and is home to several threatened species, including 90% of the world's last-remaining sturgeon.

Under UAE Presidency, COP28 will lead global efforts to protect the planet, safeguard future generations

"The UAE possesses essential capabilities such as modern infrastructure, a commendable track record in sustainability and environmental conservation, recognition as...
  • Sheikh Mohamed highlights role of youth, women, and civil society in combating climate change
  • UAE invites global cooperation for collective climate action, COP28 to lead efforts under UAE Presidency

Baghdad zoo animals suffer 50C heat

Underfunded and run down by years of unrest, the zoo's dilapidated facilities make matters worse for its 900 animals, including...
  • In an attempt to lower the temperature, air coolers have been installed in front of the lion cages, and pools are provided for the bears and tigers
  • The veterinarian said the zoo has lost bears, lions and birds in recent years, some of them because of the soaring temperatures caused by climate change.

ADNOC, Tabreed say breakthrough in project to harness geothermal energy

ABU DHABI, UAE – ADNOC and the National Central Cooling Company (Tabreed) on Monday announced a breakthrough following the conclusion...
  • The landmark project, the first in the Gulf region, is set to decarbonize the cooling of buildings in Masdar City.
  • The project will further diversify the UAE’s energy mix and support the National Energy Strategy 2050.

Iraq drought claims popular lakeside resort

Shorelines at Habbaniyah, about 70 kilometres west of Baghdad, have receded by several dozen meters after years of drought ravaged...
  • Shops and holiday homes by the lake now sit empty in the height of summer. On the beach, stray dogs wander between unused umbrellas
  • Sada'a Saleh Mohamed, a local official overseeing finances at the Habbaniyah resort, said "the lake has receded" and tourism has become "really very weak"

Water flows from Turkey improve after pact: Iraq minister

Baghdad, Iraq - The water flows from Turkey to Iraq have improved at a rate of 500 m3 per second...
  • The crisis affects Iraq from north to south, and is not limited to the cities of the center and south, Aoun Diab said
  • The water file in Iraq has become critical, but with good management, it is possible to overcome the crisis, he added

UAE takes lead in advancing global climate action

Through the COP28 Summit, the UAE aims to facilitate discussions, build consensus, and catalyze transformative actions to address the escalating...
  • Through the COP28 Summit, the UAE aims to facilitate discussions, build consensus, and catalyze transformative actions to address the escalating global climate crisis
  • The world sees more frequent and direct impacts of the crisis, exemplified by record-breaking heatwaves wreaking havoc on ecosystems and communities, says an expert

Saudi Arabia, France vow to promote secure, affordable and sustainable energy

RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...
  • Addressing climate change, promoting secure, reliable, affordable, sustainable supplies of energy are shared strategic priorities of Saudi Arabia and France.
  • Both countries acknowledge the importance of implementation of the United Nations Framework on Climate Change and the Paris Agreement.

Residents fume as Hawaii fire death toll climbs to 89

Lahaina, a town of more than 12,000 and former home of the Hawaiian royal family, has been reduced to ruins,...
  • More than 2,200 structures were damaged or destroyed as the fire tore through Lahaina
  • The new toll makes the blaze the deadliest in US since 1918, when 453 people died in Minnesota and Wisconsin

Morocco volunteers on Sahara clean-up mission as part Nomads Festival

M'HAMID EL GHIZLANE, Morocco - It may be the gateway to the vast Sahara desert, but that does not mean...

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COP28 initiatives to narrow climate finance disparity

Antoine Samaha of BCG applauds the launch of a Loss and Damage Fund for developing countries, emphasizing the need for...

UAE, Turkey explore ways to enhance bilateral relations

Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed bilateral ties with Recep Tayyip Erdogan, President...

Gulf expects no change in oil export despite deal at COP28

Dubai, UAE - An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Tunisian villages grapple with severe water scarcity

Ouled Omar, Tunisia - Tunisian villager Ounissa Mazhoud ties two empty jerry cans to a donkey and cautiously descends a stony...
  • The World Bank predicts that by 2030 the Middle East and North Africa region will fall below the "absolute water scarcity" threshold of 500 cubic meters yearly per person.
  • Tunisia, already the 33rd most water-stressed country according to the World Resources Institute, has dropped to 450 cubic meters per inhabitant

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...
  • The funding supports both reducing net emissions and resilience projects, said Meskerem Brhane, the bank's Regional Director for Sustainable Development, MENA.
  • She added that by embracing green growth strategies, the region's GDP could potentially grow to over $13 trillion by 2050.

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...
  • Nearly 200 countries in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step in addressing climate change.
  • EU climate chief Wopke Hoekstra lauds the historic deal targeting a 43% reduction in emissions by 2030 as a significant breakthrough after decades of discussions.