World has ‘the tools’ to unlock $1.3 trillion in climate finance: COP30 report
The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering...
Economy
Plastic pollution treaty talks in disarray as dozens of countries reject draft text
Geneva, Switzerland - Attempts to finalise a landmark treaty combating plastic pollution descended into disarray on the penultimate day on...
Economy
AI talking trees feature at Chelsea Flower Show
Arts & Culture
Big firms with $7trn exit climate investment pressure group
Launched in 2017, Climate Action 100+ aims to work with companies to halve their greenhouse gas emissions by 2030, through...
- JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+
- BlackRock, the world's biggest asset manager, is also scaling back its work with the group, a spokesperson confirmed
UN chief slams ‘distressing’ spending on arms over climate
Without action, "the situation will deteriorate," he warned. "Conflicts are multiplying. The climate crisis is set to spiral, as emissions...
- "It is distressing to see governments spending heavily on arms, while starving budgets for food security, climate action, and broader sustainable development," Guterres said
- "We can break the deadly nexus of hunger, climate chaos, and conflict. And quell the threat they pose to international peace and security," Guterres added further
Economy
COP hosts UAE, Azerbaijan, Brazil announce climate ‘troika’
The UAE hosted last year's COP28 conference in Dubai, while Azerbaijan will host this year's summit followed by Brazil in...
- The UAE, Brazil and Azerbaijan were mandated by 198 signatories to the Dubai agreement to work together on a roadmap to limit global warming to 1.5 C
- The 1.5-degree Celsius limit will probably be reached between 2030 and 2035, according to the Intergovernmental Panel on Climate Change (IPCC)
Business
Climate change parches Morocco breadbasket amid policy pitfalls
Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...
- Morocco has seen only about half the rainfall it did during the same period last year, the country's water minister Nizar Baraka told AFP.
- The sector accounts for 14 percent of Morocco's exports, with exported produce seen as more profitable than that sold in domestic markets.
Business
Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...
- The bank added it would scale back lending for existing fossil fuel projects as the sector faces intense pressure from activist investors to help tackle climate change.
- The British lender's move to curb financing of oil and gas projects follows similar announcements from European bank heavyweights BNP Paribas, Credit Agricole, HSBC and ING.
Science
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...
- Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
- Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.
Science
World sees first 12 months above 1.5C warming level, says climate monitor
PARIS, FRANCE - Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...
- Recent months have seen a global onslaught of extremes, including devastating drought gripping the Amazon basin
- The UN's IPCC climate panel had already warned that the world will likely crash through 1.5C in the early 2030s.
Geostrategy
EU seeks 90 percent drop in greenhouse emission by 2040
Strasbourg, France - The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the...
- The 27-nation European Union is already working towards an interim target of cutting greenhouse gas emissions by 55 percent by 2030.
- However, rising discontent could deal it a tougher time in trying to get the 2040 goal of 90 percent cuts adopted.
Paris Olympics’ organizers worry heatwave can spell trouble for games
A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...
- Organizers of the Paris Olympics, which will run from July 26 to August 11, say they are "fully aware" of the climate-related risks to the Games
- Operational teams have run simulations looking at the consequences of shifting some outdoor events to earlier or later start times to avoid the heat
Economy
Embracing renewables secures UAE’s green future
"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
- UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
- The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.
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World has ‘the tools’ to unlock $1.3 trillion in climate finance: COP30 report
The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering...
Economy
Company News
Latest News
AI talking trees feature at Chelsea Flower Show
Arts & Culture
UAE orders all companies to monitor emissions in new climate law
Under the new law, companies are required to report and reduce their emissions of the greenhouse gases that are responsible...
Geostrategy
UAE tops 50C in highest May temperature on record
The United Arab Emirates registered a sizzling 50.4 degrees Celsius on Friday, the highest on record for May, following weeks...
Economy
AI talking trees feature at Chelsea Flower Show
London, United Kingdom -- Talking trees powered by AI, drought-resistant crops and sweet potatoes sprouting among flowers -- the prestigious...
Arts & Culture
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Geostrategy
Nations divided ahead of decisive week for shipping emissions
London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
- The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.
- But some member states, including China and Brazil, are proposing other measures, arguing the carbon levy would increase the cost of goods and contribute to food insecurity.
‘AI saved 1.5 billion liters of water, cut carbon emissions equivalent to 1 million trees in Saudi Arabia’
Riyadh, Saudi Arabia – Artificial intelligence (AI) has contributed to saving 150 million sheets of paper and conserving 1.5 billion...
- Alghamdi said that the planet is facing unprecedented challenges today, from record high temperatures to escalating climate risks that threaten global stability
- Saudi Green Initiative lies at the heart of transformative efforts, being a comprehensive national strategy comprising over 80 initiatives, he added
Qatar to invest 1 bn pounds in climate technologies with UK
London, United Kingdom - The British government said Wednesday that it has agreed to a partnership with Qatar that will see...
- British industrial group Rolls-Royce, which manufactures aircraft engines, will receive investments for programs dedicated to energy efficiency, the statement said
- Qatar's investments in the British economy are estimated at over 40 billion pounds and the emirate indicated in 2022 that it intends to invest another 10 billion pounds by 2027