World resource extraction could surge 60 percent by 2060, UN warns
Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
Economy
UN chief slams ‘distressing’ spending on arms over climate
Without action, "the situation will deteriorate," he warned. "Conflicts are multiplying. The climate crisis is set to spiral, as emissions...
Geostrategy
Global warming raises risk of heat-related deaths among workers
The Occupational Heat Stress conference in Qatar, which focused on climate change and how rising temperatures threaten workers' health, heard...
- There is no international standard for temperatures for outdoor working, but climate change has forced new scrutiny.
- Last year's World Cup in Qatar drew attention to workers toiling in temperatures that can top 50 degrees, prompting Qatar to ban outdoor working from 10am to 3.30pm.
Economy
UAE and US climate farming fund swells to US$13 billion
Thanks to the jump in the fund, the Agriculture Innovation Mission (AIM) for Climate, launched in 2021, now surpasses its...
- Projects such as greener fertilizers are underway that use less fossil fuels to create, and returning to so-called "regenerative agriculture" practices that restore biodiversity
- US Secretary of Agriculture Tom Vilsack and his Emirati counterpart Mariam bint Mohammed Almheiri, are co-hosting an AIM for Climate Summit in Washington this week
Economy
Thousands flee homes in western Canada as wildfires spread
Fanned by strong winds wildfires flared across Alberta in the Canadian province, forcing 25,000 people to flee their homes as...
- Canada in recent past has been affected by extreme weather, the frequency of which has soared owing to global warming
- The declaration of the state of emergency gives the local government more powers to deal with extreme situations and unlock emergency funds
Economy
World should prepare for El Nino, new record temperatures: UN
Since 2020 though, the world has been hit with an exceptionally long La Nina -- El Nino's cooling opposite --...
- The UN's World Meteorological Organization said it now estimated there was a 60-percent chance that El Nino would develop by the end of July
- El Nino, which is a naturally occurring climate pattern typically associated with increased heat worldwide, as well as drought in some parts of the world
Business
Arabian Travel Market unveils Monday in Dubai
DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC),...
- The event, on May 1-4, will see global travel, tourism, and hospitality experts discuss how their industry is ‘Working Towards Net Zero’.
- Exhibitor participation in the event has risen by 27 percent compared to last year’s event, with growth registered across all show sectors.
Business
DET to highlight Dubai’s tourism in Arabian Travel Market
DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination,...
- DET is supposed to highlight how the city’s tourism industry is supporting the journey towards achieving the UAE’s Net Zero 2050.
- DET will showcase cuisine from Emirati businesses and local, homegrown brands whilst ensuring that all giveaways are sustainable.
Business
One in five cars sold this year will be an electric vehicle: IEA
The International Energy Agency (IEA) said the rapid electrification of road transportation will have big implications for the energy industry as...
- In its annual report on electric vehicles, the IEA said it expects annual sales to rise 35 percent this year to reach 14 million.
- The IEA said the overwhelming majority of electric car sales are concentrated in three markets: China, Europe and the United States.
EU agency calls for reduction in pesticide use after sales remain stable
Pesticide pollution is also driving biodiversity loss across the continent, causing significant declines in insect populations and threatening the critical role...
- Pesticides are widely used in the agriculture sector but also in forestry, along roads and railways, and in urban areas such as public parks, playgrounds or gardens
- In 2020, one or more pesticides were detected above thresholds of concern at 22 percent of all monitoring sites in rivers and lakes across Europe, the EEA said
Science
UN chief calls for protection of biodiversity on International Mother Earth Day
NEW YORK, US - UN Secretary-General António Guterres issued a statement calling for urgent action to protect the environment and...
- The UN chief highlighted the crucial relationship between humanity and the natural world.
- He called for deeper and faster emissions cuts to limit global temperature rise to 1.5 degrees Celsius.
Private sector central to Qatar’s SDG goals: UN Representative
New York, United States - Qatar wants to put the private sector at the centre of its 2030 Agenda for...
- Saif Al-Thani referred to the fruitful partnership between Qatar and the private sector for implementing the Qatar National Vision 2030
- 'Qatar investment fund for climate change' is investing in projects and companies that are in line with the Sustainable Development Goals
World resource extraction could surge 60 percent by 2060, UN warns
Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
Economy
Company News
Mumtalakat, Investcorp ink pact
Business
Latest News
Saudi Electricity Company targets net zero emissions by 2050
Dubai, UAE - The Saudi Electricity Company (SEC), the largest producer, transmitter, and distributor of electrical energy in the Middle...
COP28 UAE
UAE launches Industrial Decarbonization Roadmap at COP28
Dubai, UAE - The UAE announced the launch of the Industrial Decarbonization Roadmap at COP28 on Tuesday with the aim...
COP28 UAE
Mashreq commits $30bn to UAE banking sector’s sustainable finance by 2030 pledge
DUBAI, UAE -Mashreq bank has been announced as one of the top contributors to the UAE Banks Federation’s (UBF) pledge,...
COP28 UAE
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Economy
‘COP28 makes significant strides in climate action’
"COP28 is a very important conference because what it's doing is not just bringing people together, but it provides certainty...
- World Bank President Ajay Banga emphasizes COP28's significant progress in climate action, lauding its establishment of definitive deadlines for climate commitments.
- The ALTÉRRA fund, with a $30 billion capital, will enhance global climate action, alongside the World Bank's commitment to solar projects in Africa and methane reduction.
Business
Biodiversity credits demand may rise to $180bn annually by 2050
The transformation hinges on nearly all major companies adopting nature-related goals, with biodiversity credits playing a major role.
- Biodiversity credits are a novel financial instrument that could play a major role in contributing to a nature-positive future, explains the WEF report
- The WEF’s Global Risks Report 2023 has ranked biodiversity loss and ecosystem collapse as one of the top five threats to humanity over the next ten years
Geostrategy
Masdar City to construct region’s first net-zero energy mosque
Abu Dhabi, UAE - Masdar City, an Abu Dhabi, UAE-based sustainability and innovation hub dedicated to making all cities a...
- The mosque’s total energy requirements were reduced by 35 percent compared to international baselines using passive design
- Low-flow water fixtures, drought-resistant landscaping, and the use of recycled water for irrigation will reduce water use by 55 percent