Global gas flaring surges again, costs $63bn in lost energy: WB
Washington, UAE -- Global gas flaring surged for a second year in a row, wasting about $63 billion in lost...
Geostrategy
UN climate chief warns ‘lot more to do’ before COP30
UN climate chief Simon Stiell urged countries on Thursday to accelerate negotiations ahead of the COP30 in Brazil as there...
Science
Can biodiversity credits unlock billions for nature?
Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...
- Brazilian President Luiz Inacio Lula da Silva has mooted a global fund for rainforest conservation that considers paying countries for forest areas that are protected or restored
- Many environment groups are wary, fearing money generated from biodiversity credits will not benefit conservation or indigenous communities living closely with nature
World Bank boosts climate financing by 10 percent
Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in...
- In December, the Bank committed to raising the proportion of its annual financing that goes to climate change adaptation from 35 percent to 45 percent
- This figure included lending, along with other financial instruments such as grants and guarantees, a World Bank official told AFP by email
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,...
- The document is the basis for negotiating an accord that is due to be reached at COP29 in Baku under Azerbaijan's presidency
- Arab countries say developed countries should commit at least $441 billion a year in grants between 2025-2029 to mobilise loans and private financing
Dubai airport diverts flights as ‘exceptional weather’ hits Gulf
Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and...
- The world's busiest air hub for international passengers confirmed a halt to arrivals at 7:26 pm (1526 GMT) before announcing a "gradual resumption" more than two hours later
- Earlier the airport, which had been expecting more than 100 flight arrivals on Tuesday evening, briefly halted its operations in the chaos caused by the storm
Geostrategy
Top Europe rights court to issue landmark climate verdicts
STRASBOURG, FRANCE – Europe's top rights court will on Tuesday issue unprecedented verdicts in three separate cases on the responsibility of...
- In a sign of the importance of the issue, the cases have all been treated as priority by the Grand Chamber of the ECHR.
- All three cases accuse European governments of inaction or insufficient action in their measures against global warming.
Business
Electric cars credited with lower CO2 emissions in US neighborhoods
LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
- Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
- Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.
Economy
Climate change is slowing heat waves, prolonging misery
While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, the...
- "If a heatwave is moving slower, that means heat can stay in a region longer, so that has effects on communities," senior author Wei Zhang of Utah State University told
- Researchers used climate models to determine what the results would have looked like absent human-caused climate change, and found manmade factors loomed large
Economy
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...
- Last year the WFP's water management project helped more than 1,100 farmers "in areas most affected by climate change and drought," said Khansae Ghazi from the UN agency
- The new irrigation systems "use 70 percent less water than traditional methods such as flooding" -- the vastly more wasteful method used for millennia
Geostrategy
Poorer countries need money before raising climate targets, says COP29 head
Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...
- Addressing the meeting, Azerbaijan's Mukhtar Babayev said "there is a growing gap between the needs of developing countries and what's available.
- This year, "finance will lie at the heart of climate diplomacy", said Babayev, the ecology and natural resources minister of Azerbaijan, host of COP29 climate summit.
No oil and gas majors aligned with climate targets: report
An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to...
- The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with international
- At the bottom of the Carbon Tracker list were Saudi Aramco, Brazil's Petrobras, and the US's ExxonMobil, all rated G. The US firm Conoco Phillips was given an H
Global gas flaring surges again, costs $63bn in lost energy: WB
Washington, UAE -- Global gas flaring surged for a second year in a row, wasting about $63 billion in lost...
Geostrategy
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Arts & Culture
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...
Geostrategy
‘AI saved 1.5 billion liters of water, cut carbon emissions equivalent to 1 million trees in Saudi Arabia’
Riyadh, Saudi Arabia – Artificial intelligence (AI) has contributed to saving 150 million sheets of paper and conserving 1.5 billion...
Qatar to invest 1 bn pounds in climate technologies with UK
London, United Kingdom - The British government said Wednesday that it has agreed to a partnership with Qatar that will see...
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Saudi Arabia hosts UN talks on drought, desertification
Riyadh, Saudi Arabia - Saudi Arabia will host the COP16 UN conference on land degradation and desertification next week as the...
- The subject of desertification is close to home for the Gulf kingdom, which has one of the biggest deserts on the planet
- Land degradation disrupts ecosystems and makes land less productive for agriculture, leading to food shortages and spurring migration
World reaches $300 bn climate finance deal at COP29
A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
- Nations grappled with bridging divides over how much wealthy, high-polluting countries should pay poorer nations most affected by climate change
- A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change
‘Moment of truth’ for world-first plastic pollution treaty
Bangkok, Thailand - Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next...
- Countries will have a week in South Korea's Busan from Monday to round off two years of negotiations
- The talks are a "moment of truth", UN Environment Programme chief Inger Andersen warned this month