Methane emissions under spotlight at global forum in Geneva
Methane emissions from the fossil fuel industry have risen for three consecutive years, according to the International Energy Agency (IEA),...
Geostrategy
Wind-powered Dutch chemical tanker sets sail for greener future
Rotterdam, Netherlands - The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping...
Business
Economy
COP27 summit in Egypt reckons with gravest threat to humanity
The already daunting task of decarbonizing the global economy in a few years has been made even harder by a...
- Current trends would see carbon pollution increase 10 percent by the end of the decade and Earth's surface heat up 2.8C, according to findings unveiled last week
- The already daunting task of decarbonizing the global economy in a few years has been made even harder by a global energy crunch and rapid inflation
Business
Climate activists deface Goya frames at Spain’s Prado
Saturday's stunt in Madrid was the latest increasingly daring action taken by climate activists to grab the headlines, including throwing...
- The protest at the famed Prado museum damaged neither painting, but the protesters scrawled "+1,5°C" on the wall between the two artworks and both were detained
- Spanish Culture Minister Miquel Iceta denounced the attack, writing on Twitter that it was an "act of vandalism" and that "no cause justifies attacking everyone's heritage"
Science
COP27 must shift from talk to action says UN climate chief
The upcoming COP27 climate summit in Egypt must mark a leap from the process of hammering out a treaty to...
- Diplomats from nearly 200 countries are gathering in the Red Sea resort for the November 6-18 conference.
- The US and the European Union - fearful of creating an open-ended reparations framework - have dragged their feet.
Geostrategy
COP27 hot topic: Funding vulnerable nations to fight global warming
Many emerging economies least to blame for the fossil-fuel gases that stoke global warming, are also among the most exposed...
- Wealthy nations have failed to provide all of the pledged $100 billion a year to developing nations, reaching just $83 billion in 2020.
- Only a part of that -- $29 bn -- was for adaptation, which the UN Environment Programme warned in a new report was five to 10 times below the estimated needs.
Economy
UNESCO says Yellowstone, Kilimanjaro glaciers can vanish by 2050
The UN warning followed a study of 18,600 glaciers at 50 World Heritage sites -- covering around 66,000 square kilometers...
- Countries have pledged to keep global warming to 1.5 degrees Celsius above pre-industrial levels -- a goal the world is set to miss on current emission trends
- The melting of ice and snow is one of the 10 key threats from climate change, an Intergovernmental Panel on Climate Change report published in February said
Geostrategy
Middle East at risk of climate-induced food, water scarcity: Report
Published only days ahead of the UN climate conference in Egypt, the report titled "Living on The Edge" said, by...
- According to the report, drought and water scarcity could impact crop yields in future decades, which will exacerbate reliance on food imports.
- Major oil exporters including the UAE and Saudi Arabia argue in favor of continued investment in fossil fuels to fund the transition to clean energy.
Geostrategy
Facing criticism, Rishi Sunak reverses his decision to skip COP27 in Egypt
A U-turn was hinted at on Tuesday when his spokesman said the decision was "under review" and after reports that...
- Sunak's original decision not to attend the gathering in the Red Sea resort of Sharm el-Sheikh drew the ire of environmental campaigners
- During his tenure, Johnson championed renewable energy as the key to a greener UK economy and its quest for net-zero carbon emissions by 2050
Economy
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.
Business
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
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Methane emissions under spotlight at global forum in Geneva
Methane emissions from the fossil fuel industry have risen for three consecutive years, according to the International Energy Agency (IEA),...
Geostrategy
Company News
Latest News
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...
COP28 UAE
Rising global temperatures in focus as COP28 kicks off in Dubai
Dubai, UAE--Rising sea levels, vanishing Arctic landscapes, fading coral reefs, acidic oceans, and raging forest fires are common occurrences today....
COP28 UAE
COP28: Halting global warming, financial aid for vulnerable nations on agenda
Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...
COP28 UAE
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Business
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...
- The first CO2 injection is expected during COP28, and where the debate over hydrocarbons will be a key battle between campaigners and the oil lobby.
- Oil producers are throwing their weight behind carbon capture and storage (CCS) technology as a global warming solution despite criticism from climate experts.
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...
- The TCFD standard, promoted by the Financial Stability Board since 2015, urges entities to specify the resilience of their strategies to climate-related risks.
- The report delivers on FAB’s 2019 commitment to agree to adopt TCFD recommendations into its reporting and disclosure processes.
Geostrategy
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...
- The figure represented a sharp 135 percent increase over 2021, the UK-based charity said in an analysis ahead of the COP28 climate summit opening in Dubai
- It said children made up nearly half the 57 million people pushed into crisis levels of acute food insecurity or worse across 12 countries because of extreme weather in 2022