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
Japan quake toll rises to 62 as weather hampers rescuers
The 7.5-magnitude quake on January 1 that rattled Ishikawa prefecture on the main island of Honshu triggered tsunami waves more...
Geostrategy
Arab Youth Council and HSBC to educate Arab students about climate action
HSBC sponsors the program that provides open-source sustainability skills, ideas and solutions to all university and college students in the...
- The two parties signed a pact by which they will cooperate in building the capacities of students and developing their skills.
- The two parties would collaborate to implement an interactive curriculum project available to all students of universities, colleges.
Geostrategy
Amid NFT boom, artists worry about climate costs
Most NFTs are currently traded on Ethereum, which reportedly uses as much electricity as all of the Netherlands, with a...
- K-pop fans in South Korea last year staged a brutal campaign against plans for popular groups include BTS and A.C.E. to sell crypto-art.
- Selling art as non-fungible tokens, or NFTs, uses the same technology as crypto-currencies like Bitcoin. The buyer receives a verified digital token as a mark of genuineness.
Economy
Tens of thousands march in climate protests across France
"When are we going to talk about it?" read a sign at demonstration in France where thousands came out to...
- Around 80,000 protesters took to the street of France to call for more attention to the climate crisis
- During the election campaign in France, climate crisis took up only 1.5 percent of talking points in media coverage
Geostrategy
On land and sea, climate change causing ‘irreversible’ losses: UN
Climate change has already caused "irreversible losses" for Nature, UN experts have said, warning that if emissions are not cut...
- Many natural systems have already reached or are close to the limit of their ability to cope with the effects of a warming planet.
- The Earth is already believed to be entering its sixth mass extinction, driven by humanity's overconsumption and comprehensive destruction of species and habitats.
Economy
Energy sector methane emissions underreported: report
The International Energy Agency said its latest annual Global Methane Tracker had found that emissions by the energy sector were...
- The IEA said its latest annual Global Methane Tracker had found that emissions by the energy sector were about 70% higher than official government figures
- It said this showed the need for greater transparency as well as "stronger policy action to drive down emissions of this potent greenhouse gas
Economy
World fuels its own destruction with $1.8trn subsidies: Study
Governments across the world pay an estimated $640 billion in support to the fossil fuel industry.
- Agriculture gets $520 billion in subsidies, which lead to soil erosion, water pollution, deforestation, emissions, and loss of biodiversity
- Another $350 billion in subsidies for the water industry is said to help fund water pollution and risk ocean and waterway ecosystems
Geostrategy
Dubai Municipality planted on average 466 trees a day in 2021
Dubai Municipality has added 2.83 million square meters of green areas to the city by planting more than 170,000 trees...
- The Municipality has added 2.83 million square meters of green areas to the city by planting more than 170,000 trees in various locations.
- The total area of green spaces under the Municipality’s supervision to around 43.83 million square meters.
DP World to give ₤1 mn to two Earthshot Prize finalists
DP World’s has announced ₤1 million investment to two Earthshot Prize Finalists, designed to scale their work in the UAE...
- The Innovation Showcase profiled the ground-breaking solutions from the 2021 Earthshot Prize finalists
- Prince William lauded the DP World's gesture during his visit to Middle East
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
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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
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Largest climate fund seeks new funding for vulnerable
The Green Climate Fund (GCF) was set up as part of the landmark 2015 Paris Agreement to funnel grants and...
Economy
ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology
ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
Business
Countries pledge to raise $12 billion to help coral
The pledge comes with coral around the world under particularly acute stress because of record warm seas this year.
Geostrategy
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Economy
ADB capital reforms unlock $100bn to support Asia and the Pacific region
MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...
- The expansion of available funds will be further leveraged by mobilizing private and domestic capital required to tackle the climate crisis.
- The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries facing unexpected crises.
Geostrategy
IMF approves $1.3bn for Morocco to help transition to a greener economy
WASHINGTON, US - The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) for Morocco of...
- The arrangement will help Morocco strengthen its preparedness and resilience against natural disasters, including from climate change.
- The 18-months arrangement, "Will help Morocco address climate vulnerabilities, bolster its resilience against climate change,” the IMF said.
Business
Europe should move faster on energy transition, say IEA, ECB
PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global...
- Europe must invest more quickly in its energy transition if it wants to remain a global industrial power, top policymakers said.
- Private sector investment faces barriers including policy uncertainty, bureaucratic red tape and higher energy costs, they said.