Scientists in UK create new fusion record
LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
Science
France flooded with applications for electric car leasing scheme
Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...
Business
Geostrategy
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.
Geostrategy
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.
Economy
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
Geostrategy
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.
Science
‘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.
Economy
IEA says global emissions to peak in 2025
Owing to surging energy prices fueled largely by the Russian invasion of Ukraine, the IEA feels global emissions will peak...
- The IEA forecasts global clean energy investment to rise by more than 50 percent from today's levels to $2 trillion per year by 2030
- It also has a scenario to arrive at zero net emissions in 2050, which is seen as necessary to hit the 1.5C warming target enshrined in the Paris climate pact
Geostrategy
Climate pledges short of limiting temperature rise to 1.5C: UN Official
Paris, France - International climate pledges remain far off track to limit rising temperatures to 1.5 degrees Celsius, according to a...
- The combined climate pledges of more than 190 nations that signed up to the 2015 Paris climate deal put Earth on track to warm by around 2.5C.
- With the planet already battered by climate-enhanced heatwaves, storms and floods after just 1.2C of warming, experts say world is still failing to act.
Economy
60% houses in Iraq lose access to drinking water, says survey
BAGHDAD, IRAQ - In drought-hit Iraq, six out of 10 households have had their access to drinking water disrupted and...
- The Norwegian Refugee Council (NRC), an aid group active in the oil-rich but war-scarred country, surveyed 1,341 households in August.
- NRC study found that the crisis has had an immediate impact on access to drinking and irrigation water and on the production of crops.
Business
Climate activists throw mashed potatoes on $111m painting
Publishing a video of the action on Twitter, the environmental protest group Last Generation wrote: "If it takes a painting...
- Dressed in black with orange vests, the two activists poured the mashed potatoes on the painting before squatting in front of it and sticking a hand each on the wall
- In a similar stunt on October 14, two environmental protesters hit van Gogh's world-renowned work with tomato soup at the National Gallery in London
Economy
UAE Minister highlights youth’s role in sustainable food systems
DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food...
- The Minister held meetings with several high-level FAO officials on the UAE’s contribution in tackling global food and nutrition insecurity.
- The event drew governments, youth champions, global influencers and non-profit organizations to support youth-led transformation of agrifood systems.
Scientists in UK create new fusion record
LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
Science
Company News
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UAE company secures African land the size of the UK for carbon offset projects: report
Dubai, UAE - Blue Carbon, a Dubai-based company has secured expansive forested land across several African nations, a CNN report...
Business
MENA’s $2trn construction boom boosts sustainability
With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in...
Economy
Fishing nations pledge to protect sharks, rays
CAIRO, EGYPT - Atlantic fishing nations have agreed to better protect sharks and rays by limiting the retention of several bycatch...
Geostrategy
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Business
Norwegian firm expects first cross-border transport of CO2 in 2025
Oslo, Norway -- Norwegian fertilizer group Yara International on Monday signed a contract to begin transporting CO2 produced at its Netherlands...
- Yara International signed a contract to begin transporting CO2 produced at its Netherlands plant to Norway so it can be buried under the seabed.
- Carbon capture and storage is aimed at helping halt climate change, involves capturing CO2 emissions at factory smokestacks and burying them underground in geological reservoirs.
World’s richest 1% emit as much carbon as bottom two-thirds: report
Among the key findings of this study are that the richest one percent globally -- 77 million people -- were...
- While fighting the climate crisis is a shared challenge, not everyone is equally responsible and government policies must be tailored accordingly, co-author of the report says
- "Climate Equality: A Planet for the 99%", was based on research compiled by SEI and it examined the consumption emissions associated with different income groups
Business
UAE holds 19% of global sustainable bonds, says Fitch Ratings
DUBAI, UAE - Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues...
- Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region.
- Environmental, social and governance bonds in UAE constitute over 19 percent of the global ESG bond market.