UAE, Turkey explore ways to enhance bilateral relations
Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed bilateral ties with Recep Tayyip Erdogan, President...
Geostrategy
World unites at COP28 to shift away from fossil fuels
Nearly 200 nations in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step...
COP28 UAE
Economy
Financial institutions exposed to high risk by global water crisis: Report
Financial institutions are exposed to significant risks posed by depleted and contaminated water supplies, a report released by non-profit Carbon...
- A first-of-its-kind report by CDP and Planet Tracker shows how global companies in key industries are already losing billions as a result of the global water crisis.
- By focusing on oil & gas, electric utilities, coal and metals & mining sectors, the report found that $13.5 bn in assets are already stranded and $2 bn at risk due to water issues.
Science
Can pee help feed the world?
In the past, urban excrement was transported to agricultural fields to be used as fertilizer along with animal manure, before...
- Chemical fertilizers create emissions of the potent greenhouse gas nitrous oxide, contributing to climate change.
- Urine is not normally a major carrier of disease, so the World Health Organization recommends leaving it for a period of time, although it is also possible to pasteurize it.
Dust storm hits Iraq once again, grounding flights at airports
Iraq on Sunday was yet again covered in a thick sheet of orange as it suffered the latest in a...
- Flights were grounded due to poor visibility at airports serving the capital Baghdad and the Shiite holy city of Najaf
- Iraq was hammered by a series of such storms in April, grounding flights and leaving dozens hospitalized with respiratory problems
Economy
10 football pitches of pristine rainforest lost per minute in 2021
Huge swathes of tropical rainforest were burned or hacked down for cattle and crops last year, led by destruction in...
- Researchers calculated that the loss of tropical primary forest in 2021 resulted in the release of 2.5 gigatonnes of carbon dioxide into the atmosphere
- Over 40 percent of the total tropical primary forest lost in 2021 was in Brazil, where some 1.5 million hectares was cut down or went up in smoke
Business
UAE’s first waste-to-energy plant set be commissioned
The 30 MW plant will displace almost 450,000 tonnes of CO2 emissions a year and preserve the equivalent of 45...
- The 30 MW plant will displace almost 450,000 tonnes of CO2 emissions a year and preserve the equivalent of 45 million m3 of natural gas
- BEEAH and Masdar have begun exploring opportunities for the Emirates Waste to Energy company to open similar plants across the UAE and the wider region
Economy
Humanity stuck in ‘spiral of self-destruction’: UN
Humanity is suffering from a "broken perception of risk", spurring us into activities and behaviours that cause climate change and...
- The report estimated that by 2030, we will be experiencing 560 disasters around the world every year -- or 1.5 disasters every day on average
- The sharp rise in disasters globally could be attributed to a "broken perception of risk based on optimism, underestimation and invincibility," UN said
Business
Bahrain announces ban on single-use plastic bags from Sept. 19
Bahrain has announced a ban, effective from September 19, on selling, manufacturing, circulating and importing single-use plastic bags, which are...
- The ministry said the ban would apply on selling, manufacturing, circulating and importing single-use plastic bags, which are less than 35 microns in thickness.
- Industry minister Al Zayani said that the ministry held stakeholder engagement sessions especially with the private sector through the Bahrain Chamber of Commerce and Industry.
Economy
Sustainable development hinges on fate of world’s cities
Martha Delgado, President of the UN-Habitat Assembly called for resilient, sustainable “smart cities” that are more inclusively governed and better...
- Martha Delgado, President of the UN-Habitat Assembly, called for resilient “smart cities” that are inclusively governed
- Upgrading slums and addressing the housing affordability crisis remain the highest priorities for countries
Interview
Abu Dhabi to trade carbon credits like assets
Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They...
- Expected to launch in Q3 2022, ACX will be established as a recognized investment exchange regulated by ADGM
- The GCC's broader plan to achieve net-zero was one of the main factors in establishing a carbon market in Abu Dhabi
Geostrategy
Parched Iraq’s water resources ‘down 50 percent’
Oil-rich Iraq, despite its mighty Tigris and Euphrates rivers, is classified as one of the world's five countries most vulnerable...
- Iraq which shares the Tigris and Euphrates with Turkey and Syria often protests that their upstream construction of dams has endangered its water resources.
- World has Bank warned that Iraq, a country of 41 million people, could suffer a 20-percent decline in drinking water resources by 2050 due to climate change.
UAE, Turkey explore ways to enhance bilateral relations
Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed bilateral ties with Recep Tayyip Erdogan, President...
Geostrategy
Company News
Latest News
Rising demand for critical metals pose dilemmas for investors
PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors...
Business
ADNOC, TAQA complete financial closing on sustainable water supply project
ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...
Business
UAE minister calls for climate action by promoting nature-based solutions
NEW YORK, US – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri called upon the global...
Geostrategy
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Business
UK to revoke plan to attain net zero emissions by 2050
LONDON, UK- The UK looked set to backtrack on Wednesday on policies aimed at achieving net zero emissions by 2050 with...
- The move comes amid growing concern over the potential financial cost of the government's policies to achieve net zero carbon emissions by mid-century.
- Prime Minister Sunak said while the government was committed to the net zero target, it would try to achieve it "in a better, more proportionate way".
Business
TotalEnergies, Adani Group set up JV for wind, solar power production in India
PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind...
- The JV will include wind and solar assets that Adani Green Energy Limited already operates and is building and developing in India.
- TotalEnergies has been developing renewable electricity production, with 19 GW of installed gross production capacity as of July 2023.
Economy
Climate action an opportunity to create more equitable world: Almheiri
Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri,...
- The minister said the UAE believes that science, innovation and technology are the tools humanity needs to drive collective progress on climate action
- Almheiri asserted that COP28 is a chance to turn the world’s collective focus to conclude the first Global Stocktake of the Paris Agreement