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Climate Change

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

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

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

EU uncertain over biodiversity protection despite okaying climate change laws

STOCKHOLM, SWEDEN - EU lawmakers this week adopted new laws boosting Europe's climate change fight, but a parallel drive to protect...
  • Negotiations between the European Commission, EU member states and the European Parliament on the issue have run into difficulty over the details.
  • Scandinavian countries are worried about forestry sector, while others believe the scope of the text proposed by the commission goes too far.

WTO, WBG, WEF launch scheme for trade, climate mitigation efforts

GENEVA, SWITZERLAND - The World Trade Organization (WTO), the World Bank Group (WBG) and the World Economic Forum (WEF) on...
  • The initiative Action on Climate and Trade (ACT) . which starts with a pilot phase, will focus on working with participating developing economies.
  • ACT will provide participating economies with tailored insights so that they can plan for the impacts of climate change on trade.

Green groups sue Europe over false energy label

BRUSSELS, BELGIUM - Environmental groups lodged a lawsuit against the European Commission on Tuesday to challenge its definition of natural gas...
  • The lawsuit over gas was launched by WWF, ClientEarth, Transport&Environment and the German NGO BUND.
  • Greenpeace, sued the EU executive separately for deciding that nuclear energy was worthy of its sustainable investment label.

UK aviation warns green shift to slow demand growth

Sustainable Aviation urged the UK government to take "urgent" action to support investment in carbon-cutting innovations, pointing to the provision...
  • Publishing an update to its Net Zero Carbon Road Map, industry body said, "the increased cost of decarbonising aviation will inevitably reduce passenger demand"
  • The aviation industry produces high levels of both carbon dioxide and non-CO2 emissions that contribute to climate change, according to scientists

New tech taps oceans to tackle global warming

Scientists from University of California Los Angeles are working on a project aimed at using the oceans as a big...
  • The oceans, covering most of the Earth, are already the planet's main carbon sinks, acting as a critical buffer in the climate crisis.
  • They absorb a quarter of all CO2 emissions, as well as 90 percent of the warming that has occurred in recent decades due to increasing greenhouse gases.

Iraq’s ancient treasures blasted by sandstorms linked to climate change

Iraq, one of the countries worst-hit by climate change, endured a dozen major sandstorms last year that turned the sky...
  • After a decade of worsening storms, sand at Umm al-Aqarib now "covers a good part of the site", that dates back to around 2350 BC
  • Compounding its woes, Iraq is also one of the five countries most impacted by some effects of climate change, including drought, says UN

G7 climate ministers pledge to end plastic pollution by 2040

A statement put out by G7 said the phase-out will be achieved by "promoting sustainable consumption and production of plastics,...
  • The G7 statement said the group remains committed to end plastic pollution, with the resolve to lower additional pollution to zero by 2040
  • According to the OECD group of developed countries, during the last 20 years plastic waste has doubled globally and only nine percent is recycled

Climate change parches Morocco breadbasket amid policy pitfalls

Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...

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We respect climate science, says COP28 head

DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...

Saudi energy minister calls Western climate pledges ‘small change’

"Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...

$272 billion sustainable finance pledge by UAE financial sector at COP28

Abu Dhabi, UAE -- The financial sector of the United Arab Emirates commits to mobilizing more than AED 1 trillion...

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Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan

Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...
  • The Kyrgyz Republic has set a target of reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050
  • Central Asia is a significant emerging market for Masdar which has several agreements to develop solar and wind projects in the region

Tunisia aims to reach 30% renewable energy by 2030: Delegate to COP28

Dubai, UAE - Tunisia has set a goal to reduce greenhouse gas emissions by 45 percent by 2030, and is...
  • Bringing attention to the modest 4 percent share of renewable energy, the delegate highlighted the environmental challenges it poses
  • Tunisia is one of the first countries to announce its intention to achieve carbon neutrality by 2050, the delegate added.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.