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.

Will climate change hit Mediterranean tourism?

In Spain, the thermometer has shot 15 degrees above normal summer season levels. Italy has also laboured under heatwaves with...
  • In Greece, thousands of tourists have been evacuated in recent days from the islands of Rhodes and Corfu which have been ravaged by fires
  • According to a recent note from Moody's, "heatwaves may reduce Southern Europe's attractiveness as a tourist destination in the longer term

July likely to be warmest month on record: NASA scientist

This month has already seen daily records shattered according to tools run by the European Union and the University of...
  • What is happening right now is increasing the chances that 2023 will be the hottest year on record, which Schmidt currently assigned a "50-50 chance" based on his calculations
  • Schmidt's warnings come as the world has been buffeted by fires and dire health warnings in the past week, in addition to broken temperature records

Iran’s ancient ‘wind catchers’ beat the heat naturally

The wind catchers, called badgirs in Persian, are just one of the engineering marvels inhabitants have developed in this ancient...
  • Oldest of the city's 700 wind catchers dates back to the 14th century, but the architectural feature is believed to date back as far as 2,500 years when the Persian Empire ruled
  • UNESCO listed Yazd as a World Heritage Site in 2017, describing the city as a "living testimony to intelligent use of limited available resources in the desert for survival"

UAE emissions plan ‘insufficient’, say climate groups

PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis...
  • The UAE, which will host the COP28 United Nations talks in November and December, has released its updated climate plans.
  • The plans laying out a tougher target to reduce its greenhouse gas emissions by 19 percent by 2030 compared to 2019 levels.

US, Arab League discuss Middle East, Israeli-Palestinian conflict

The US-Arab Strategic Dialogue discussed Middle East peace and the Israeli- Palestinian conflict, among other issues. The dialogue concluded successfully...
  • US-Arab League discussed reducing tensions in regional conflicts, climate change and health security.
  • The US condemned the attack on the Swedish Embassy in Baghdad and urged the Iraqi government to protect foreign missions.

Severe heat a cause of worry for healthcare system, says WHO

GENEVA, SWITZERLAND - The extreme heat in the northern hemisphere is putting an increasing strain on healthcare systems, hitting those least...
  • The WHO said the heat often worsens pre-existing conditions, saying it was particularly concerned about those with cardiovascular diseases, diabetes and asthma.
  • Millions of people across three continents are enduring a sustained spell of dangerous heat as temperature records tumble.

Iraq’s marshes along with a way of life are dying

Even at their center in Chibayish, only a few expanses of the ancient waterways - home to a Marsh Arab...
  • Both the Mesopotamian marshes, and the culture of the Marsh Arabs or Ma'adan have UNESCO world heritage status.
  • The Ma'adan have hunted and fished in the marshes for 5,000 years, building houses from woven reeds on floating reed islands.

Governments should provide incentives for green finance, says Dubai Chambers’ webinar

DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in...
  • The webinar was organized by Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers.
  • The webinar provided valuable insights and guidance aimed at helping companies to access green finance, attract green investment projects.

Iraq honey production at the mercy of heat and drought

Bees thrive in temperatures of around 30-35 degrees Celsius, not in searing heat, when the thermometer climbs to 50, said...
  • A bee needs to constantly forage for the pollen and nectar necessary for honey production but the drought is forcing bees to travel longer to pollinate
  • In 2022, honey produced in parts of Iraq controlled by the Baghdad federal authorities reached 870 tonnes, while in Kurdistan 850 tonnes were produced

UAE, India pledge for success of Dubai’s COP28 event

The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra...
  • "The UAE and India are united in their determination to ensure the successful outcome of COP28 as an inclusive and action-oriented conference," said a statement.
  • The leaders of both the countries said they were "committed to enhance cooperation on climate ambition, decarbonization and clean energy".

Nations divided ahead of decisive week for shipping emissions

London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...

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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...

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...

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

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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.

‘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.