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.

Air pollution concerns on rise in Arab world: Report

Recent global data indicates an alarming rate of pollution in several Arab countries, with Lebanon, Egypt, and Saudi Arabia among...
  • Lebanon and Egypt, two Arab countries, feature in the top 15 most polluted nations in the world
  • Saudi Arabia ranks 51st, while UAE stands 78th, pointing to pollution challenge in the GCC countries

Sweltering heat leaves Gulf residents at risk during noon

DUBAI, UAE- As much of the world swelters in record temperatures, spare a thought for Issam Genedi, who ekes out a...
  • Apart from last week being identified as the hottest ever recorded worldwide, a wave of humidity has been suffocating the Gulf
  • Two weeks ago, more than 1.8 million Muslims battled through a days-long hajj pilgrimage in Saudi Arabia in temperatures up to 48C (118F)

DEWA given Net-Zero statement of verification for work on climate change

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
  • This followed a comprehensive assessment conducted by W3 Solutionz - US based on the International Workshop Agreement Guidelines IWA 42:2022.
  • The Net Zero Guidelines were commissioned by Our 2050 World, a global collaboration to accelerate action towards net zero through standards.

IDB inks pact with IRENA

IDB will fund renewable projects by joining ETAF platform.
  • The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.
  • By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .

EU clears biodiversity bill seeking natural habitat protection

The parliament's biggest political grouping, the conservative European People's Party (EPP), had sought to shoot down the text, arguing that...
  • The text endorsing the Nature Restoration Law passed with 336 votes in favor, 300 against and 13 abstentions.
  • The Nature Restoration Act, initiated by the European Commission, aims to resuscitate degraded ecosystems.

COP host UAE vows to cut more emissions in latest plan

The oil-rich Gulf monarchy, which will host this year's COP28 UN climate talks, last week unveiled plans to cut domestic...
  • To cut domestic pollution, the UAE plans to triple renewable energy production and slash emissions in everything from industry to transport
  • UAE climate change minister Almheiri said the UAE hopes to unveil details of its plan to reach domestic carbon "net zero" by 2050 in the coming months

4 bids for Al Ajban power project

There will be a process to select the best proposal.
  • Al Ajban Solar PV is EWEC’s third world-leading solar power project.
  • Abu Dhabi is home to world’s three largest single-site solar power plants.

Global research collaboration will help achieve SDGs

“We need greater cooperation is scientific research and innovation. Research and innovation are not only imperative for national and global...
  • UAE Minister of State Sarah Al Amiri believes achieving the SDGs, Paris Agreement goals, and Global Biodiversity Framework demands united efforts from research communities
  • The UAE minister reaffirms the UAE's commitment to increasing R&D spend to 2% of GDP by 2031 and the formation of the Emirates Research & Development Council

Saudi Arabia should ‘review’ emissions targets: French minister

France's energy transition minister Agnes Pannier-Runacher left the world's biggest oil exporter early Sunday morning after meeting with her Saudi counterpart....
  • Saudi Arabia pledged in 2021 to achieve net zero carbon emissions by 2060. Pannier-Runacher's trip came as the UAE prepares to host the COP28 climate summit.
  • Largely state-owned energy firm Saudi Aramco, the kingdom's main revenue generator, is targeting "operational net-zero" carbon emissions by 2050.

Dubai Solar event to focus on research in clean energy

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) said the MENA Solar Conference (MENA-SC) which it organizes from November 15-18...
  • Prominent experts, specialists and researchers worldwide will highlight the latest developments, technologies and scientific research in solar power.
  • The four-day conference will discuss various scientific research in the solar energy sector to accelerate the transition towards renewable and clean energy.

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...

Company News

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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,...

‘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,...

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

Most Read

Protecting nature may avert $2.7trn global economic losses: World Bank

Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually,...
  • Hickey said low-income countries may lose nearly 10 percent of their GDP annually by 2030 if select ecosystem services, such as forests, fisheries collapse
  • She said that the loss of nature is at the core of central development challenges, mainly health, inequality, climate change, food security and energy

COP28 last chance to keep 1.5C target alive: John Kerry

US climate envoy issued the warning after COP28 president Sultan Al Jaber proposed a draft deal that did not include...
  • He said that nobody at COP28 wants to be part of the failure to live up to this responsibility
  • The 2015 Paris Agreement set the increasingly elusive target of limiting warming to 1.5 degrees Celsius

Arab meet calls for more investments in renewable energy

Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister...
  • OAPEC Secretary General Eng. Jamal Issa Al Loughani emphasized the conference's focus on international energy market developments and their local and global implications.
  • He called for a careful balance between emission reduction, energy availability and affordability, while underscoring challenges in building sustainable energy systems.