World Bank to expand climate funding in MENA by $10 billion
Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
COP28 UAE
‘Investment policies must align with net-zero goals’
An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions,...
COP28 UAE
Business
BP profits $7.6bn in 2021
The company aims to cut emissions by 50 percent by 2030.
- BP posted a net profit of $7.6 billion (€6.7 billion) last year
- This followed a loss after tax of $20.3 billion in 2020
Videos
Which GCC countries have largest renewable capacity?
From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.
- Saudi Arabia is developing a sustainable renewable energy sector to support its economic growth
- More and more industries in the UAE are embracing solar in a big way as power demand rises
Economy
Dubai Supreme Council of Energy approves 2030 carbon strategy
The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.
- The council approved the updated plans and objectives to reduce carbon emissions by 30 percent by the end of 2030
- This move is expected to, among other things, support the UAE’s efforts to achieve carbon neutrality by 2050
Business
US judge cancels major oil and gas exploration sale
A US judge on Thursday canceled the sale of oil and gas exploration leases of some 80 million acres in...
- US Federal District Court Judge Rudolph Contreras declared existing contracts invalid
- He said the Department of the Interior did not adequately consider the leases' impact on climate change
Business
Dubai to host international aid conference in March
The 18th annual Dubai International Humanitarian Aid and Development Conference and Exhibition - DIHAD 2022, will take place from 14th...
- The event will highlight the importance of strengthening partnerships and the need for global cooperation to tackle humanitarian issues
- DIHAD is the first-ever humanitarian aid and development event in the Gulf, supported by Mohammed bin Rashid Al Maktoum Global Initiatives
Economy
EU nations debate whether nuclear, natural gas energy ‘sustainable’
Hours before the window for lodging objections closed, EU environment and energy ministers meeting in France on Friday differed sharply...
- The controversy pits countries led by France against Germany, Austria, and others in the EU
- Nuclear power is carbon-free, while gas is significantly less polluting than coal
Business
‘World first’ hydrogen shipment set to leave Australia for Japan
A state-of-the-art liquid hydrogen tanker readied for loading in Australia Friday ahead of shipment to Japan, in what Canberra described...
- The Suiso Frontier is docked near Melbourne and is being loaded with super-cooled hydrogen, a source of fuel that supporters hope could one day rival LNG.
- Hydrogen produces only steam and no carbon dioxide when burnt, making it an attractive possible alternative to dirtier fossil fuels.
Geostrategy
UN confirms 2021 among seven hottest years on record
The past seven years have been the hottest on record, the United Nations confirmed Wednesday, adding that 2021 temperatures remained...
- The warmest seven years have all been since 2015, the UN's World Meteorological Organization said.
- 2021 also marked the seventh consecutive year that global temperatures were more than 1C above pre-industrial levels.
Science
Abu Dhabi’s Blue Carbon Project to check emissions, climate change: EAD
Abu Dhabi's Blue Carbon Project is a promising initiative to prevent increased carbon emissions caused by the destruction of ecosystems,...
- Blue Carbon refers to the ability of coastal vegetation to store carbon and if this vegetation is destroyed, buried carbon could be released into atmosphere.
- Blue carbon ecosystems, which include mangrove forests, salt marshes, and seagrass beds, store and sequester carbon in biomass and sediments
Economy
IRENA sees rapid growth of hydrogen economy
The development may bring significant geo-economic and geopolitical shifts in the energy market, which is currently valued at $174 billion.
- IRENA estimates hydrogen to cover up to 12 percent of global energy use by 2050
- This is due to the climate urgency and countries’ commitments to net-zero emissions
World Bank to expand climate funding in MENA by $10 billion
Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
COP28 UAE
Company News
Latest News
Iraq’s marshes along with a way of life are dying
Arts & Culture
Drought, fires threaten Lebanon’s northern forests
In the wake of a blistering and dry summer, residents of the mountainous Akkar region near the Syrian border are...
Economy
UAE is 6th highest per capita consumer of solar energy in the world
Abu Dhabi, UAE - The UAE ranks among the top world leaders in solar energy use, according to a recent...
Economy
California firefighters use AI to battle wildfires
For several years firefighters have used a network of more than 1,000 cameras to monitor possible fire hotspots. Since the...
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Geostrategy
Red Cross warns death toll may surge as 10,000 missing in Libya floods
The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the...
- World Health Organization spokeswoman Margaret Harris meanwhile described the situation in Libya as "a calamity of epic proportions".
- In eastern Libya, the storm hit the coastal town of Jabal al-Akhdar especially hard, as well as Benghazi, where a curfew was declared.
Geostrategy
Building less, repurposing more key to low construction sector emissions
The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
- Mushrooming urban environments -- which add new buildings in an area equivalent in size to Paris every five days -- damage life-sustaining ecosystems.
- Building less and repurposing existing structures generates 50-75 percent fewer emissions than new constructions, a report said.
Geostrategy
150 dead in Libya after storm Daniel results in floods
"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
- The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.
- Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.