Climate change parches Morocco breadbasket amid policy pitfalls
Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...
Business
Paris Olympics’ organizers worry heatwave can spell trouble for games
A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...
Private jets at COP27 spark conflicting claims
Posts and reports included various estimates for the number of such planes bringing delegates to the gathering in the beach...
- Egyptian sources corroborated widespread claims that some 400 private jets landed during COP27
- Passengers on private jets produce far more planet-warming emissions per capita than those on commercial flights
Economy
Infra investment key to climate change adaptation
“We need to build a coherent framework of trade and investment policies supported by roadmaps that can accelerate the energy...
- There is a need to develop climate-smart policies to promote international trade and investment in mitigation and adaptation projects, says WTO official
- Fostering cooperation to develop common approaches to carbon pricing is critical to driving new transformations, Dr Ngozi Okonjo-Iweala highlights
CO2 pollution from fossil fuels to hit all-time high in 2022
The new figures show just how dauntingly hard it will be to slash emissions fast enough to meet the Paris...
- Emissions from oil, fuelled by the continuing rebound in aviation, will likely rise more than two percent compared to last year
- Global CO2 emissions from all sources -- including deforestation and land use -- will top out at 40.6 billion tonnes
Geostrategy
Fossil fuel lobbyists have flooded UN climate talks in Egypt: watchdogs
More than 600 lobbyists from some of the world's biggest polluters have registered to the climate talks in the Egyptian...
- They said that is more than the number of lobbyists from the 10 most climate-affected countries combined. A total of 503 lobbyists were registered atCOP26 in Glasgow.
- The groups called on the United Nations to restrict access to the talks for fossil fuel firms, which the UN chief Antonio Guterres has said are "poisoning our planet".
Economy
Countries wrangle over future climate finance at COP27
Diplomats from developing nations criticised the persistent imbalance in climate financing which, within the UN framework, should be evenly split...
- In 2009, UN climate summit saw rich nations promise $100 billion a year by 2020 to Global South, but two years past that deadline the amount delivered is still $17 billion short
- As climate disasters have multiplied over the last decade, nations in the Global South have called for a separate financial facility for loss and damage
Geostrategy
COP27: ACG to give $24bn for climate action by 2030
The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems,...
- The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems, and the promotion of energy security
- The financial commitment by the Arab Coordination Group comes as part of a joint Call for Climate Action for Equitable Development at COP27
Economy
AIIB, GEAPP partner to fund the energy transition in Asia and beyond
The partnership will address the energy transition challenges around the world through the identification of co-financing opportunities for projects.
- The partnership will address the energy transition challenges around the world through the identification of co-financing opportunities for projects
- The partnership follows extensive cooperation between AIIB and GEAPP over the last year and is the first time AIIB has partnered with a global foundations-led initiative
Business
UAE, Jordan and Israel advance Project Prosperity
The three nations vow to advance clean energy and sustainable water desalination projects announced last year, while UAE, Indonesia unveil...
- The three nations vow to advance clean energy and sustainable water desalination projects announced last year, while UAE, Indonesia unveil Mangrove Alliance for Climate at COP27
- Led by the UAE and Indonesia, the MAC initiative seeks to scale up and accelerate the conservation and restoration of mangrove ecosystems for the benefit of communities worldwide
Rich nations greenlight S.Africa coal transition plan
The announcement was made at the UN's COP27 climate summit in Egypt's Sharm el-Sheikh, where developed countries are under pressure...
- Britain, France, Germany, the US and the EU will provide the funds in the form of grants and loans
- The Just Energy Transition Partnership (JETP) was first announced last year at the COP26 in Glasgow
Geostrategy
Paris Agreement key to achieve sustainable development goals: Middle East Green Summit
The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets...
- The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets through MoUs and agreements
- It also supports efforts to reduce emissions in the Middle East region and beyond by signing bilateral and multilateral agreements and MOUs in the field of clean energy
Climate change parches Morocco breadbasket amid policy pitfalls
Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...
Business
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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...
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...
Business
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...
Geostrategy
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Geostrategy
COP28 host UAE braces for rising heat risk, targets carbon neutrality
As global temperatures tick higher, with this year on course to be the hottest on record, the UAE is changing...
- The UAE's scorching summers, when many flee for cooler climes and the streets empty, look set to worsen due to climate change, various studies show
- The region's extreme heat and high humidity are a dangerous mix as in such conditions the human body struggles to cool itself by evaporating sweat on the skin
Geostrategy
Every industry should be held accountable on climate, says COP28 president
Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at...
- "Everyone needs to be part of this process and everyone needs to be held responsible and everyone needs to be held accountable," COP28 president Sultan Al Jaber said
- "That includes all industries and in particular heavy emitting industries like aviation, transportation, aluminum, cement, steel, as well as the oil and gas industry," he added
Economy
ADB plans to invest US$100bn to maximize climate impact
MANILA, PHILIPPINES - Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB)...
- By 2030, more than 55 percent of the population of Asia and the Pacific will live in urban areas, driving up demand for urban-related services.
- If urban areas continue along the same growth trajectory, Asian cities could contribute over half of the rise in global GHG emissions in the next 20 years.