Climate change is slowing heat waves, prolonging misery
While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, the...
Economy
Women, rural poor most affected by climate change, says UN
PARIS, FRANCE – Heatwaves and floods inflict greater economic pain on rural women than men because climate change intensifies existing inequalities,...
Geostrategy
At least 35 hurt after magnitude-6.1 quake in Turkey
National authorities said the quake was at a magnitude of 5.9 -- lower than the 6.1 given by the US...
- The shallow tremor struck about 170 kilometres (105 miles) east of Istanbul, the country's largest city, where it was strongly felt
- Experts have long warned a large quake could devastate Istanbul, which has allowed widespread building without safety precautions
Search for buried survivors after Indonesia quake kills 162
The epicenter of the shallow 5.6-magnitude quake on Monday was near the town of Cianjur in Indonesia's most populous province...
- Indonesia's national disaster mitigation agency, or BNPB, said at least 25 people were still buried under the rubble in Cianjur as darkness fell on Monday
- The devastation caused by the quake was made worse by a wave of 62 smaller aftershocks -- with magnitudes ranging from 1.8 to 4 -- that kept shaking Cianjur
Economy
COP27 agrees to fund climate damages, no progress on emission cuts
A final COP27 statement covering the broad efforts to grapple with a warming planet held the line on the aspirational...
- Tired delegates applauded when the fund was adopted as the sun came up Sunday following two extra days of negotiations
- UN chief Antonio Guterres said the talks had "taken an important step towards justice" with the loss and damage fund
Science
Swiss regret COP27 going soft on top polluters
GENEVA, SWITZERLAND - Switzerland regretted Sunday that the COP27 climate summit outcome does not impose obligations on the highest greenhouse...
- There was disappointment in some quarters over COP27's stand on cutting emissions.
- There were concerns that no resolutions were passed on phasing out coal and reducing subsidies for oil and gas
Economy
Climate damages are key flashpoint as UN COP talks go overtime
Sharm el Sheikh, Egypt—Climate negotiators were grappling for an agreement Saturday at the UN COP27 in Egypt after high stakes talks went...
- Wealthy nations, long reluctant to discuss the issue over fears of liability, have accepted that vulnerable nations are facing devastating impacts
- Delegates are looking to find agreement on emissions-cutting ambitions and reaffirm a goal to limit average warming to 1.5 degrees Celsius from pre-industrial levels
Greenpeace, Arab climate activists slam regional efforts at COP27
The 21-country Arab group at the COP27 climate conference in Egypt "has spent most of its energy spearheading efforts to...
- Greenpeace's Ahmed El Droubi noted that the Arab group's current fossil fuel safeguarding strategy does not reflect the vulnerability of the region
- The Middle East is at high risk of water and food scarcity as well as severe heat waves as a result of climate change
Geostrategy
UN climate talks go into overtime to break deadlock over funding
Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving...
- But wealthy and developing nations were still struggling to find common ground on creating the fund and on a host of other crucial issues with only hours before the summit.
- For many developing countries the defining issues at the conference is money for the "loss and damage" caused by climate change.
UN chief says stop ‘blame game’ at deadlocked climate talks
Developing nations least responsible for global emissions are pushing rich polluters to agree at COP27 on the creation of a...
- Guterres said there was "clearly a breakdown in trust" between developed and emerging economies
- The deadlock on loss and damage is holding up agreement on a broad range of issues that nations are hoping to address at COP27
Economy
EU pledges US$1bn in climate funding for Africa
The initiative, launched at UN climate talks along with France, Germany, the Netherlands and Denmark, will combine "existing and new"...
- The funding also includes an EU pledge of $60 million for climate "loss and damage" already being suffered, a contentious issue at the negotiations in Egypt
- It will cover the collection of climate risk data, boosting early warning systems, disaster risk finance and insurance, as well as helping to attract private finance
Economy
COP27 climate talks inch toward ‘loss and damage’ showdown
The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting...
- The need for such "loss and damage" financing, which has emerged as a make-or-break issue at COP27, is urgent, the largest negotiating bloc at the talks said
- US and the EU have suggested that expanding current channels for climate finance might be a more efficient approach than creating a new one
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Climate change is slowing heat waves, prolonging misery
While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, the...
Economy
Company News
Latest News
US pledges $3bn to a global climate fund at COP28 meet
Developing countries least responsible for climate change are seeking support from richer polluting nations to adapt to the increasingly ferocious...
COP28 UAE
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...
Geostrategy
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.
COP28 UAE
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COP28 UAE
134 nations to put food, agriculture in national climate plans
"This declaration is the moment when food truly comes of age in the climate process, sending a powerful signal to...
- A total of 134 countries who produce 70 percent of the food eaten worldwide signed the declaration, summit hosts the United Arab Emirates said
- The 134 nations are home to 5.7 billion people and represent more than three quarters of all greenhouse gas emissions from the global food system
COP28 UAE
Dubai COP28: Record attendance marks largest ever UN climate summit
Among the host country's guests are Bill Gates and Antoine Arnault, the son of LVMH boss Bernard Arnault, the second...
- Some 104,000 people, including technical and security staff, have access this year to the "blue zone" dedicated to the actual climate negotiations
- That largely exceeds the previous record at last year's UN climate summit in Egypt, COP27, which had 49,000 accredited attendees
Business
Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.
- The platform will make investments in businesses where they have matured past many of the risks that face earlier stage ventures.
- They must manage and minimize the execution risks associated with expansion in middle-market investments.