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.

‘Carbon credits need more supply, integrity to meet global demand’

RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.
  • A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.

Natural disaster losses hit US$115 bn this year, says Swiss Re

GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
  • Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
  • Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.

Financing for nature must more than double by 2025, says UN report

The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...
  • The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
  • By 2030 finance flows of $484 billion a year will be required for nature-based solutions.

How film and TV can help the climate change battle

Analysing a database of 37,453 film and TV scripts from 2016 to 2020, researchers at the University of Southern California...
  • Scriptwriters have been keen to address climate change, Joyner said, but felt others would not be interested, or that they would be branded as hypocrites
  • The number of Americans viewing climate change as a major threat jumped from 37 to 55 percent between 2017 and 2021, despite right-wing denials

All regions experienced water extremes in 2021, says UN

GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and...
  • Large areas of the planet recorded drier than normal conditions in 2021, the UN's World Meteorological Organization said.
  • Some 3.6 billion people face inadequate access to freshwater at least one month per year.

UK start-up behind algae-based packaging bids for Earthshot glory

Notpla -- whose mantra is "we make packaging disappear" -- is competing with 14 other firms for five prestigious awards,...
  • Viral online interest has helped attract the attention of investors, with Notpla expanding rapidly to boast more than 60 employees
  • A recent OECD report found, at the current rate, worldwide plastic waste will triple by 2060 to one billion tones per year

In rain-starved Iraq, a dam threatens to swallow farmland

Five villages are located on the site of the Makhoul dam and "a commission has been formed to ensure adequate...
  • Tens of thousands of Iraqis are threatened by the Makhoul dam, which the government hopes will be operational on the mighty Tigris in five years
  • There are repercussions for flora and fauna, warn environmental groups Save the Tigris and Humat Dijlah, who say the ancient city of Ashur -- a UNESCO listed site -- is at risk

MoCCAE highlights role of UAE Climate Change Research Network

SHARM EL SHEIKH, EGYPT - The Ministry of Climate Change and Environment (MoCCAE) organized an awareness session on the UAE...
  • The network aims to support collaborative research programs by creating a platform for engaging the academic and scientific community.
  • Drawing the participation of 100 attendees, the event explored several key topics, including promoting science and policy engagement for climate action.

UAE University’s agriculture college launches campaign to cut food waste

AL AIN, UAE - The College of Agriculture and Veterinary Medicine at the United Arab Emirates University launched an awareness...
  • The program is targeting schools and universities to educate students about the need to reduce food waste.
  • The studies conducted in the food court showed that over 50 kilograms of foods is wasted daily during breakfast and lunch.

Air pollution killed 238,000 Europeans prematurely in 2020: EEA

Across the 27-nation bloc that year, "exposure to concentrations of fine particulate matter above the 2021 World Health Organization guideline...
  • Fine particulate matter, or PM2.5 travel deep into the respiratory tract, worsening the risk of bronchitis, asthma and lung disease
  • The EU wants to slash premature deaths related to fine particulate matter pollution by 55 percent in 2030 compared to 2005 levels

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...

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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...

COP28 ignites key climate change talks in Arab world

"The event focuses on transitioning the energy sector, demonstrating how strategic investments can foster prosperity without solely relying on fossil...

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UAE President attends Group of 77 and China meeting at COP28

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
  • The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.
  • These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.

Climate chaos impact on millions frames discussions at COP28

With the countless repercussions of extreme weather conditions, the planet is witnessing increasing political unrest, deaths and diseases.
  • Climate extremes pushed 56.8 million people in 12 countries into acute food insecurity in 2022, according to the WFP
  • Climate change is also increasing PTSD, anxiety, and depression among survivors of hurricanes, wildfires and floods

Abu Dhabi Global Market announced as home to $30 billion ALTÉRRA

Abu Dhabi, UAE - The Abu Dhabi Global Market (ADGM) was announced as the home of the newly launched catalytic...
  • As the principal climate finance partner of COP28, ADGM has played a pivotal role in shaping the global dialogue on climate finance
  • The initiative, which saw the UAE commit a US$30 billion in catalytic capital, positions ALTÉRRA to mobilise US$250 billion globally by 2030