Poorer countries need money before raising climate targets, says COP29 head
Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...
Geostrategy
World resource extraction could surge 60 percent by 2060, UN warns
Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
Economy
Economy
UAE launches National Net Zero by 2050 Pathway
The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050...
- The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021
- The UAE will adopt several measures to mitigate climate change such as increasing the share of clean energy in its energy mix and scaling up the use of clean electricity
Biden urges world to ‘step up’ climate fight at COP27
His speech came at the halfway point of a two-week COP27 conference in Egypt where rich polluters like the US...
- Biden touted the passage of a massive, $369 billion spending package to green the US economy
- He said the United States "will meet" its goal of cutting emissions 50-52 percent below 2005 levels by 2030
Geostrategy
UN unveils satellite-based system to detect methane emissions
The Methane Alert and Response System (MARS) was announced by the UN Environment Programme during the COP27 summit. Methane, emitted...
- MARS will use data from global mapping satellites to detect methane "hot spots" and large plumes of the gas, and identify its source, the UN Environment Programme said.
- UNEP would then notify governments and companies about the emissions "so that the responsible entity can take appropriate action."
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
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Poorer countries need money before raising climate targets, says COP29 head
Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...
Geostrategy
Company News
QFZ, Samsung C&T ink MoU
Business
Latest News
Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.
Business
UAE President announces $30bn Global Climate Fund at COP28 meet
In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
Geostrategy
COP28 puts spotlight on state oil giants
Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
Most Read
COP28 UAE
Climate and Gaza crises share spotlight as world leaders attend COP28
The spotlight now turns to more than 140 kings, presidents and prime ministers who will address delegates at the sprawling...
- The COP28 conference kicked off on Thursday with an early victory as nations agreed to launch a "loss and damage" fund for vulnerable countries
- But delegates face two weeks of tough negotiations on an array of issues that have long bedevilled climate talks, starting with the future of fossil fuels
Economy
Gulf leads the charge in green mobility revolution
In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental...
- In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental sustainability and reducing carbon footprints.
- This shift, led by nations like the UAE and companies like Aramex, is redefining the future of transportation, blending innovation, economic growth, and ecological stewardship.
COP28 UAE
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...
- Head of the Isha Foundation and founder of the Save Soil movement will present his vision on the critical role of healthy, living soils in mitigating the impacts of climate change
- Sadhguru has built up an international following, with over a billion views on YouTube and 11 million followers on Instagram, with his message of spirituality and climate action