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 draft on climate finance highlights deep divisions ahead of COP29

Paris, France - The UN has published a draft on climate financing due to be presented at the COP29 in November,...

Sprinklers and drip irrigation help Iraqis beat drought

After four years of drought, Iraqi farmer Mohammed Sami was about to abandon his father's parched land, but then a...

Economy
Geostrategy

UAE energy minister, Romanian counterpart discuss cooperation

ABU DHABI, UAE -  UAE Minister of Energy and Infrastructure and Romanian Minister of Energy discussed ways to enhance cooperation...
  • The UAE and Romanian ministers discussed importance of international cooperation to address climate change.
  • The ministers discussed ways and means to develop cooperation between the two countries
Business

Masdar inks pact with 4 Dutch firms for exporting green hydrogen from Abu Dhabi

ABU DHABI,  UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen...
  • Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy.
  • Green hydrogen is produced with green electricity from renewables like wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis.

UAE provides ‘conducive environment for cooperation’ between fossil fuel providers and climate activists

"The [energy] landscape in 2023 will have much of the same volatility we've seen in 2022. The difference is the...
  • The UAE is not only one of the world's most important fossil fuel producers, but also one of the most important pioneers in renewables through Masdar, says Atlantic Council chief
  • "The fossil fuel producers know they've got to deal with climate. They're putting billions of dollars into doing it, and climate activists are becoming more pragmatic," he adds
Geostrategy

Iraq’s Prime Minister heads to Germany for energy talks

BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and...
  • Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.
  • Dependent on its powerful neighbor Iran for much of its energy needs, Baghdad seeks to diversify its sources of gas and electricity supply.
Science

Global actions should not derail energy transition, says WEF

GENEVA, SWITZERLAND– The current energy crisis is driving inflation, slowing economic growth, creating social turmoil and the world should not...
  • The WEF report said that steps such as increasing production of electricity from coal or broad-based consumption subsidies, risk derailing energy transition.
  • The report proposes a framework for a secure energy system to guide countries and policy-makers.
Geostrategy

2022 fifth warmest year on record, EU climate report says

The last eight years were the warmest. Average temperatures across 2022 -- which saw a cascade of unprecedented natural disasters...
  • Pakistan and northern India were scorched by a two-month spring heatwave with sustained temperatures well above 40 degrees C, followed in Pakistan by massive floods.
  • Large swathes of the Middle East, China, central Asia and northern Africa also saw unprecedented warmth averaged across the whole of 2022.
YEARBOOK 2023

ESG may witness higher traction across GCC this year

Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure —...
  • Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.
  • The dire climatic status quo and increasing population may impact consumption patterns, infra needs and utilization of finite resources, adds Neelam Verma of The Continental Group
Science

Climate change leads to warm winter for Europe

After experiencing searing summer heat and a drought unprecedented in centuries, a wave of warm weather across Europe this winter...
  • As temperatures rise globally because of human-caused climate change, scientists say heatwaves and spells of warmer-than-average weather are becoming more common
  • Several European countries saw record-breaking heat on New Year's Eve and New Year's Day, according to the World Meteorological Organization
Business

Sustainability key for next-gen data center models

At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about...
  • At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage
  • Data centers must operate as efficiently and sustainably as possible to eliminate any potential harm to the environment.
Science

EAD imposes fines worth US$89,312 over environment violations

ABU DHABI, UAE - The Environment Agency – Abu Dhabi (EAD) has imposed 32 administrative fines, totaling US$89,312 (AED328,000) since...
  • The Agency followed up with the violating establishments to ensure that corrective measures were taken to remove or mitigate the causes.
  • Violations included submitting incorrect data to EAD, changing data contained in licenses, or polluting the soil, water or air in protected areas.

UN draft on climate finance highlights deep divisions ahead of COP29

Paris, France - The UN has published a draft on climate financing due to be presented at the COP29 in November,...

Company News

Latest News

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...
COP28 UAE

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...
Geostrategy

$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...
COP28 UAE
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

COP28 UAE

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
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...
  • 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.
COP28 UAE

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.