Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...
Business
Embracing renewables secures UAE’s green future
"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
Economy
Geostrategy
Nuclear power reactors to shut down in Germany
BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks...
- The exit decision was popular in a country with a powerful anti-nuclear movement, stoked by lingering fears of Cold War conflict and atomic disasters.
- The challenge caused by Russia's invasion of Ukraine put an end to cheap gas imports and has upped calls in Germany to delay withdrawal from nuclear power.
Economy
G7 starts ‘difficult’ climate talks on fossil fuel commitments
Sapporo, Japan--G7 allies kicked off two days of "difficult" climate talks in northern Japan on Saturday, facing pressure to show progress...
- Differences have deepened among the group as the energy crisis caused by the Ukraine war squeezes G7 countries
- The G7 climate statement draft, seen by AFP, recognizes the primary need to accelerate the clean energy transition
‘Flash drought’ frequency increasing due to climate change: study
For the study, published in the journal Science, researchers analyzed a combination of satellite data and ground moisture readings from...
- Researcher of the study used climate modeling to forecast how flash droughts will change under several possible greenhouse gas emission scenarios
- A commentary piece by two professors in Netherlands, said the study's warning "should be taken seriously" as the threat may be even greater than they suggest
Science
No climate action is possible without climate finance
Dr Al Jaber noted that climate finance is essential for each workstream of the Paris Agreement, from mitigation to adaptation,...
- Dr Al Jaber emphasised the need to increase the affordability, availability, and accessibility of climate finance to accelerate climate action and a just energy transition
- He noted that climate finance is essential for each workstream of the Paris Agreement, and that these resources are particularly needed in Global South
Fossil fuel pledges divide G7 in ‘critical decade’ for climate
The world's leading developed economies are all targeting net-zero emissions by 2050 or sooner after signing the Paris Agreement to...
- Britain has proposed new targets on the phase-out of domestic coal power in a draft statement ahead of the minister-level talks, which kick off in Sapporo
- Governments around the world will also be looking for action on resilience funding for the developing nations most affected by climate change
Economy
Tunisia farmers stare at poor harvest as drought imperils food security
Even before the roasting summer months, the soil is dry and dusty in the small Mediterranean country, whose water resources...
- At a time when the global cereals market has been disrupted by Ukraine war, Tunisia's domestic grain production has also withered under a lack of rainfall that has killed off crops
- UTAP has called on the government to urgently announce a drought and state of water "emergency" and has demanded a "clear strategy" to boost Tunisia's water reserves
Geostrategy
Environment Agency – Abu Dhabi launches strategic environmental assessment program
ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has introduced the Strategic Environmental Assessment (SEA) planning program...
- Strategic Environmental Assessment will promote sustainable development and a healthy environment for future generations.
- SEA will aid in evaluating environmental impacts and guiding the investigation of alternatives and potential mitigation efforts.
World warms to Bridgetown Initiative on climate change ahead of WB, IMF meetings
Experts say developing nations are struggling to find the funds needed to stop burning planet-heating fossil fuels and prepare for...
- The IMF has created a new loan-based Resilience and Sustainability Trust to help poorer or vulnerable countries boost sustainable growth
- The World Bank says it delivered a record $31.7 billion last year to help countries tackle climate change and has started to draft a roadmap for change
Science
WMO urges more investment in integrated weather, climate services
GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the...
- This investment is critical to ensure that energy infrastructure is resilient to climate-related shocks.
- WMO is stepping up its activities to promote tailored weather and climate information, and forecasts.
Videos
Innovation key to solving Gulf water woes
Improved farming techniques, better desalination technologies, awareness campaigns and global cooperation can mitigate the regions problems caused by water scarcity.
- World Economic Forum says the Middle East and North Africa is one of the most water-scarce regions in the world.
- For years, the water crisis has exacerbated conflict and political tensions, while UNICEF says 90% of children in the region live in water stress areas.
Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...
Business
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Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management
RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...
Geostrategy
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...
COP28 UAE
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...
COP28 UAE
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Business
Maghreb farmers fight climate change with drones
The use of modern technologies in agriculture is globally on the rise, including in North Africa where countries rank among...
- Tunisia is currently experiencing its eighth year of drought (four of which were consecutive) in recent years, according to its agriculture ministry.
- Algeria, Morocco and Tunisia ban the use of unmanned drones without a permit, which in the case of commercial uses can take months to be issued.
Geostrategy
World Bank offers to host Lost and Damage Fund: Official
Dubai, UAE -- "World Bank has offered to host the Lost and Damage Fund, so we'll work very closely with...
- Axel van Trotsenburg, Senior Managing Director, said, "“COP28 started with great announcements on the Loss and Damage Fund. I think it has been an extremely important decision."
- "We need to be global. We need all countries to participate in this global challenge," he noted, adding, "We need to make sure that we can keep the 1.5 degrees."
Economy
Morocco gardening school cultivates hope for marginalised youth
Launched by the Islamic Culture Foundation in 2018, Bouregreg Med-O-Med school provides free training to dropouts and other marginalized youths...
- Bouregreg Med-O-Med school in Morocco aims to raise awareness about climate change while promoting the social inclusion of marginalized young people
- The school has a nursery of local plants that are better adapted to water stress, which is crucial for Morocco as the country suffers its worst drought in almost 40 years