Saudi Arabia to highlight role in dealing with global challenges at WEF meet
RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
Economy
Jordan takes steps to raise position in Global Food Security Index, says minister
AMMAN, JORDAN - Agriculture Minister Khaled Al-Hneifat said the ministry has been working hard over the past year to create...
Geostrategy
Science
Dubai Supreme Council of Energy reviews efforts to achieve net-zero carbon emissions by 2050
DUBAI, UAE - Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd...
- The meeting discussed a proposal by ENOC to supply petroleum products to Al Maktoum International Airport through the Falcon Station in Jebel Ali.
- It also discussed the national system for trading carbon credits in cooperation with the Ministry of Climate Change and the Environment.
Science
Hope grows for deal to save nature at UN talks
Observers had warned the COP15 talks aimed at sealing a "peace pact for nature" risked collapse due to disagreement over...
- Delegates are working to roll back the destruction and pollution that threaten an estimated one million plant and animal species with extinction
- Major goals in the draft under discussion include a cornerstone pledge to protect 30 percent of the world's land and oceans by 2030
Science
UAE climate change ministry launches roadmap to plant 100m mangroves by 2030
ABU DHABI, UAE - UAE Ministry of Climate Change and Environment (MOCCAE) launched the roadmap for the National Carbon Sequestration...
- This is as part of its efforts to implement the UAE's strategic initiative to achieve Net Zero by 2050.
- The project is part of the strategic directions of the UAE to increase reliance on nature-based solutions in facing environmental challenges.
Geostrategy
UAE participates in First Framework Working Group meeting within G20 Finance Track
BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which...
- Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023.
- The meeting was also attended by G20 members, invited countries and representatives from international organizations.
Economy
Wealthy nations oppose new biodiversity fund
Montreal, Canada-- Creating a new global fund for biodiversity -- a core demand of developing countries at UN talks in Montreal...
- COP15 draft targets include a cornerstone pledge to protect 30 percent of the world's land and seas by 2030, eliminating harmful fishing and agriculture subsidies
- Dozens of countries, led by Brazil, India, Indonesia and African nations, are demanding financial subsidies of at least $100 billion a year until 2030
Science
Participation rises in Sharjah Sustainability Award
SHARJAH, UAE - The Environment and Protected Areas Authority in Sharjah (EPAA) announced an increase in participation in the 11th...
- The breakup of the entries are 311 from university and college students and 174 from school students.
- Nominations were also received in the Distinguished Teacher Award category.
Economy
UN says right environment policies can generate 20 million jobs
“It is critical that as we scale up the use of Nature-based Solutions (NbS) we make sure we do not...
- Nature-based solutions aim to protect, restore, and sustainably manage waters and marine ecosystems.
- New Green Jobs for Youth Pact, launched by ILO and UNEP at COP27, aims to create one million new green jobs.
Geostrategy
Activists warn a toothless UN nature pact will fail
The UN meeting, called COP15, running from December 7 - 19, bringing together nearly 5,000 delegates from 193 countries to...
- Implementation mechanisms are at the heart of the Paris agreement on the fight against global warming, in the form of "nationally determined contributions"
- The current text on biodiversity only "urges" countries to take into account the conclusions of a global review in four years' time
Geostrategy
US could change green subsidies rules as EU fears unemployment
The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses...
- Washington's landmark Inflation Reduction Act contains $370 billion in subsidies for green energy and tax cuts for US made electric cars
- Biden defended the act and said it was never intended to disadvantage US allies, and has committed to understanding EU concerns.
Geostrategy
EU stops import of products which causes deforestation
The European Union reached an agreement to ban the import of products including coffee, cocoa and soy in cases where...
- The draft law, which aims to ensure "deforestation-free supply chains" for the 27-nation EU, was hailed by environmental groups as "groundbreaking".
- The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.
Saudi Arabia to highlight role in dealing with global challenges at WEF meet
RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
Economy
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Indian spiritual leader Sadhguru to kick off COP28 faith pavilion
Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking...
COP28 UAE
Rising global temperatures in focus as COP28 kicks off in Dubai
Dubai, UAE--Rising sea levels, vanishing Arctic landscapes, fading coral reefs, acidic oceans, and raging forest fires are common occurrences today....
COP28 UAE
COP28: Halting global warming, financial aid for vulnerable nations on agenda
Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...
COP28 UAE
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Business
UAE to pump CO2 into rock as carbon capture debate rages
Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump...
- The first CO2 injection is expected during COP28, and where the debate over hydrocarbons will be a key battle between campaigners and the oil lobby.
- Oil producers are throwing their weight behind carbon capture and storage (CCS) technology as a global warming solution despite criticism from climate experts.
Business
FAB becomes first MENA bank to publish TCFD climate report
Abu Dhabi, UAE -- First Abu Dhabi Bank (FAB) became the first MENA bank to publish a Task Force for...
- The TCFD standard, promoted by the Financial Stability Board since 2015, urges entities to specify the resilience of their strategies to climate-related risks.
- The report delivers on FAB’s 2019 commitment to agree to adopt TCFD recommendations into its reporting and disclosure processes.
Geostrategy
Climate crises drove 27 million children into hunger in 2022, says charity
Out of the 12, countries in the Horn of Africa were most affected, with Ethiopia and Somalia accounting for about...
- The figure represented a sharp 135 percent increase over 2021, the UK-based charity said in an analysis ahead of the COP28 climate summit opening in Dubai
- It said children made up nearly half the 57 million people pushed into crisis levels of acute food insecurity or worse across 12 countries because of extreme weather in 2022