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.

UN biodiversity conference in Colombia: what’s at stake?

Paris, France - The world's pledges to halt humankind's destruction of nature will be put to the test when the 16th...

Top Europe rights court to issue landmark climate verdicts

STRASBOURG, FRANCE – Europe's top rights court will on Tuesday issue unprecedented verdicts in three separate cases on the responsibility of...

Geostrategy
Geostrategy

Will plant 5m trees in country, says Iraqi Prime Minister

BASRA, IRAQ -  Iraq's prime minister on Sunday announced a campaign to combat the severe impacts of climate change on the...
  • Oil-rich but war-battered Iraq suffers from extreme summer heat, frequent droughts, desertification and regular dust storms.
  • Prime Minister Mohammed Shia al-Sudani told a climate conference that more than seven million Iraqis had already been affected by climate change.
Geostrategy

UAE minister meets UN Secretary-General on global climate action

NEW YORK, US -  Minister of Industry and Advanced Technology and COP28 President-Designate Dr. Sultan bin Ahmed Al Jaber met...
  • The minister outlined the UAE’s key COP28 priorities across mitigation, adaptation, loss and damage, climate finance and process innovation.
  • The UAE and UN discussed the urgent need to close the financing gap and to keep alive the goal of limiting global warming to 1.5ºC.
Geostrategy

COP28 President Designate meets with key US government officials

WASHINGTON DC, US -  UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al...
  • The UAE minister discussed multilateral development bank reform as weel as an update on recent US climate policy action.
  • They discussed the need to invest in global clean energy supply chains, and the role of the US-UAE Partnership for Accelerating Clean Energy.

Food system emissions will add 1°C to earth’s surface temperature by 2100

A major overhaul of the sector - from production to distribution to consumption - could reduce those emissions by more...
  • A major overhaul of the sector - from production to distribution to consumption -could reduce those emissions by more than half
  • Mitigating emissions from the food sector is essential to working toward a secure climate future, the study's lead author Catherine Ivanovich said
Science

UN moves towards real-time tracking of greenhouse gases

The UN announced that it had taken a significant step towards trying to fill a key gap in the fight...
  • The three major greenhouses gases are carbon dioxide, methane and nitrous oxide.
  • Of those, CO2 accounts for around 66 percent of the warming effect on the climate.
Geostrategy

UAE, Italy enhance bilateral relations to Strategic Partnership level

ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to...
  • A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.
  • The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.
Science

Ocean conference participants pledge US$19bn

Panama City, Panama - Delegates to a global conference on saving the world's oceans pledged US$19 billion, the host country Panama...
  • European Union announced it would dedicate $865 million to ocean-related projects this year
  • The total included a $6 billion from the United States, announced by White House climate envoy John Kerry
Business

Masdar unveils 200MW Solar Park in Jordan

Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar,...
  • The Baynouna Solar Park produces over 560 gigawatt-hours (GWh) of energy annually – enough to power 160,000 homes
  • The plant also displaces 360,000 tons of carbon dioxide per year, equivalent to taking nearly 80,000 cars off the road.
Geostrategy

UAE takes part in first G20 Finance Ministers meeting in 2023

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...
  • Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
  • The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.

UN to try anew to finish treaty protecting the high seas

But on the eve of the talks, set to run through March 3, cautious optimism appears to be taking hold,...
  • After more than 15 years of formal and informal talks, this will be the third time in less than a year that negotiators will attempt to conclude the deal
  • The high seas begin at the border of countries' Exclusive Economic Zones, which extend up to 200 nautical miles, or 370 kilometers, from coastlines

UN biodiversity conference in Colombia: what’s at stake?

Paris, France - The world's pledges to halt humankind's destruction of nature will be put to the test when the 16th...

Company News

Latest News

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

UAE banks align with global sustainability standards

“The pledge made by our UBF Chairman, Abdulaziz Al Ghurair, to mobilize over AED 1 trillion in sustainable finance, represents...
Business

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
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

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.
COP28 UAE

‘Unintended consequences’: friction at COP28 over green trade

Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade"...
  • WTO has received about 18,000 complaints over green policies yet trade was still often overlooked by climate policymakers, director general Ngozi Okonjo-Iweala said
  • Concerns have also been raised that these kind of climate policies may make it harder for another nation to sell their goods or access clean energy technology
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.