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Climate Change

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

UAE-US partnership to spur $100 bn clean-energy financing, development

The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US,...
  • UAE Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the partnership at ADIPEC.
  • They will accelerate investment in fossil fuel emissions mitigation; further develop CCUS technologies and advance methane measurement and management.

ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025

Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane...
  • ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0.
  • Oil and Gas Methane Partnership 2.0 (OGMP 2.0 is a a multi-stakeholder initiative launched by the United Nations Environment Program (UNEP) and the Climate and Clean Air Coalition.

German eco activists glue themselves to dinosaur exhibit

over 60 million years old, holding a banner that read: "What if the government doesn't have it under control?" One...
  • It was the latest such stunt by climate campaigners at a museum, after famous artworks were targeted in different ways across Europe
  • The activists called on the government in Berlin to take quick steps to cut emissions, such as by setting a speed limit on motorways

Twilight of the Tigris: Iraq’s mighty river drying up

The Tigris, the lifeline connecting the storied cities of Mosul, Baghdad and Basra, has been choked by dams, most of...
  • The Tigris, the lifeline connecting the storied cities of Mosul, Baghdad and Basra, has been choked by dams, most of them upstream in Turkey, and decreasing rainfall
  • Iraq's government and Kurdish farmers accuse Turkey, where the Tigris has its source, of withholding water in its dams, dramatically reducing the flow into Iraq

Upcoming climate events to boost UAE-Egypt ties

The bilateral relations between the two countries are based on mutual respect and appreciation. The significant advancement in the bilateral...
  • The upcoming events will witness further cooperation between the two countries, especially with Egypt hosting COP27 in Sharm El-Sheikh and the UAE hosting COP28 in 2023
  • The UAE is the largest investor in Egypt, with over 1,250 Emirati firms operating in the country. Egypt, meanwhile, was among the first nations to recognize the formation of UAE

Staring at drought next year, Iraq digs more than 500 wells in 2022

Al-Mishkhab, Iraq - Iraq has long drilled the desert for oil, but now climate stress, drought and reduced river flows are...
  • Compounding the water stress, upstream dams, mainly in Turkey, have vastly reduced the flow of the Tigris and Euphrates.
  • In a country where one in five people work in agriculture, water shortages have destroyed livelihoods and driven a rural exodus.

Investment to tackle climate change falls in 2022, says UNCTAD

Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global...
  • Mitigation projects accounted for 94 percent of international climate investments, whereas adaptation ones continued to lag far behind.
  • Developed economies made up two thirds of international project finance deals and greenfield investments in renewables.

Middle East stares at mass displacement due to climate change

The World Bank estimates that by 2050, if nothing is done to prevent it, there will be 216 million people...
  • Agriculture in Egypt has grown even less profitable because of new climate-linked hazards such as "the appearance of new parasites"
  • In 2021, natural disasters forced "nearly three million people" to leave their homes in Africa and the Middle East

Jordan to host renewable energy investment forum

AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in...
  • The forum will discuss over three days many important and vital issues on various fields of renewable energy, energy efficiency, green hydrogen.
  • The forum's themes will also cover innovative agricultural patterns, energy management, carbon trading.

‘Carbon neutrality goals are useless if not backed by action’

UNITED NATIONS, UNITED STATES - Carbon neutrality goals are useless if not backed by action, UN Secretary-General Antonio Guterres said...
  • Commitments to net zero are worth zero without the plans, policies and actions to back it up, the UN chief said in a video message
  • The message's target audience was governments, in particular G20 countries, as well as private actors and financial institutions.

Sheikh Hamdan issues resolution regulating single-use products in Dubai

DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...

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China emissions to fall in 2024 on renewables jump

The country has been installing renewable energy capacity at breakneck speed, with new solar in 2023 alone amounting to twice...

Endangered sea turtles get second life at Tunisian centre

The facility, one of two in North Africa, is run by the EU-funded Life Med Turtles project, which looks after...

Saudi urges leniency in climate change policies for low income nations

Riyadh, Saudi Arabia - Saudi Arabia said on Thursday that policies to address climate change should not "crush the bones" of...

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Fossil fuel plans by producing nations threatens 1.5C limit: UN

Most of the world's leading producers of fossil fuels have pledged to achieve "net-zero" emissions by midcentury -- a target...
  • UNEP report covers 20 countries that account for 82 percent of production and 73 percent of consumption of the world's fossil fuel supply
  • UNEP said the world's biggest emitter China produces just over half of the world's supply of coal, the most polluting of the fossil fuels

Turkmenistan plants over 470,000 trees in a single day

Turkmenistan is one of the most closed societies in the world, where dissent is outlawed and the Berdymukhamedov family have...
  • The United Nations Food and Agriculture Organization (FAO) says water stress in Turkmenistan is "extremely high".
  • Three-quarters of the country are covered by the black sands of the Karakum Desert and annual precipitation is below 100 mm in places.

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development.UN Climate Change’s Initiative on Artificial...
  • UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
  • It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.