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
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
Economy
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
Geostrategy
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
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.
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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
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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
COP28 faces challenge of phasing out fossil fuels amid policy discrepancies
With nations' actions falling far short of the Paris Agreement's most ambitious target of limiting global warming to 1.5 degrees...
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
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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
Climate change already reducing global GDP: report
Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the...
- The report estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations
- "The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising
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