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...
WEF24: Catalyzing investment, trade transform Africa
Addressing infrastructure and climate change is crucial for Africa's development, British Robinson, the Coordinator of the Prosper Africa Initiative, tell...
Interview
Interview
MENA region takes significant strides towards renewable energy, says Prince Albert II of Monaco
The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable...
- Prince Albert recognizes the remarkable environmental initiatives undertaken by the MENA region and offers his support and willingness to contribute to these efforts
- Stressing on global collaboration, Prince Albert II emphasizes that the fight against climate change and the preservation of biodiversity cannot be won by isolated efforts
Science
UAE issues decree on use and distribution of hydrofluorocarbons
Dubai, UAE-- The UAE's Ministry of Climate Change and Environment has issued a decree on the use and distribution of...
- Referred to as refrigerant gases responsible for intensifying global warming and depletion of the ozone layer, HFCs are categorized among greenhouse gases
- The UAE has been at the front of attempts to restore the ozone layer's protective capacity since joining the Convention in 1989 and the Protocol in 1990
Science
Masdar, IRENA ink pact on tripling global renewable energy capacity by 2030
ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a...
- The main objective of the project is to establish a global baseline for renewable energy.
- The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions.
Opinion
Gulf states’ sovereign funds drive climate innovation
"The SWF investment in climate tech will help sustain the shift away from the Gulf States' traditional source of income...
- Gulf States, with their vast land reserves, can provide the necessary space for setting up factories and infrastructure to facilitate climate tech companies
- Sovereign Funds have potential to play a leading role in supporting the transition to a cleaner economy and ensuring a sustainable future for the region
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.
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...
Company News
Latest News
Mumtalakat, Investcorp ink pact
Business
COP28 strong push for climate action in Arab region
"The UNDP has spent approximately $1 billion in the Arab region for integrated development solutions driven by national priorities and...
Economy
99 percent of world live in areas with air pollution levels above WHO guideline limits
DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...
Business
People-positive approach needed in clean power transition: WEF paper
Dubai, UAE -- Building massive infrastructure for clean power projects in pursuit of climate goals will need nearly $4.5 trillion in...
Business
Most Read
COP28 UAE
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...
- The announcement was made during a special event SEC organized on the sidelines of the United Nations COP28 climate-change summit in Dubai
- The SEC said it has signed seven agreements with leading local and international companies, including LUCI, Al-Fanar, Sal Italy, CHINT Saudi Arabia, Siemens, etc
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...
- The ministry and its partners have examined and evaluated the feasibility of more than 50 advanced technologies and innovative solutions
- These include clean electricity, carbon capture, utilization and storage, manufacturing efficiency, alternative fuels, recycling, clinker substitutes, and hydrogen
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,...
- UAE Banks Federation had pledged to mobilize US$272 billion (AED 1 trillion) in sustainable finance by 2030 at COP 28 meeting.
- Mashreq’s commitment to facilitating US$30 billion by 2030 builds on years of sustainable finance deployment in the MENA region.