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Climate Change

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

COP28 goes into overtime as negotiators wrestle over fossil fuel

COP28 has debated a historic first-ever global "phase-out" from oil, gas and coal, the main culprits in a planetary crisis...

Luxury brands burning products is a problem

High fashion can be detrimental to the environment because of its large carbon footprint.
  • To keep their uniqueness, high-end fashion brands routinely burn unsold products
  • Fashion contributes up to 8 percent of the global carbon footprint

Amazon had the highest deforestation record in October 2021

While Brazil takes international pledge at COP26 to end deforestation by 2030, the destruction of the Amazon rainforest keeps rising...
  • Deforestation of 7,880 square kilometers of Amazon's rainforest was been reported in 2021
  • Environmentalists blame the country's president for defunding environmental protection organizations

Morocco river does not flow into the sea any more

After years of drought and over-pumping, the Moulouya river in Morocco comes to a halt just short of the sea....
  • The Moulouya river is one of the longest rivers in Morocco and a vital lifeline for farmers in the area near the Algerian border
  • Its final few paces are now separated from the Mediterranean Sea by a sandbar

Deal but no deal: COP26 adds to climate confusion

Rich countries stand accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable states at...
  • Rich countries accused of failing to deliver much-needed finance to vulnerable states at risk of drought, rising seas, fire and storms
  • The European Commission said the deal has "kept the Paris targets alive".

ADNEC pledges zero carbon emissions

The company will support the UAE 2050 Strategic Initiative
  • The announcement follows the signing of the Net Zero Carbon Events pledge, a new industry initiative to address climate change
  • ADNEC’s pledge also supports the United Arab Emirates (UAE) Net Zero by 2050 Strategic Initiative to reduce carbon

Trillions needed to fight climate threat: UN draft report

The draft Intergovernmental Panel for Climate Change report is scheduled for release early next year.
  • Helping vulnerable nations cope with the multiplier effect of climate change will require trillions of dollars, according to a draft UN report
  • The failure of rich countries to deliver the promised $100 billion a year for vulnerable nations has become a flashpoint at COP26

United Arab Emirates to host COP28 in 2023

The UNFCCC confirmation of the UAE as the host for the 28th conference followed unanimous endorsement by the Asia Pacific...
  • The UAE has pledged US$1 billion of increased investment as part of the AIM for Climate
  • The country has also joined the Global Methane Pledge building on its position as one of the least methane intense nations in the world

Scientists appeal for immediate climate action at COP26

More than 200 scientists told the COP26 summit Thursday to take immediate action to halt global warming, warning in an...
  • The scientists warned in an open letter that some climate change impacts were "irreversible" for generations.
  • Commitments made so far could still lead to "catastrophic" warming of as much as 2.7C by 2100, according to the UN.

UAE calls for inclusive climate agenda for COP28

Investing in low-carbon solutions in the energy sector will drive economic prosperity, says UAE Special Envoy for Climate Change Sultan...
  • The UAE has offered to host COP28 in 2023. The Asia Pacific Group of nations had endorsed the UAE's bid.
  • Investing in low-carbon solutions in the energy sector will drive economic prosperity, says UAE Special Envoy for Climate Change Sultan bin Ahmed Al Jaber.

COP26 draft urges boost to emissions cutting goals by 2022

The text called for nations to "revisit and strengthen" their decarbonisation plans by next year and said that limiting heating...
  • Countries' latest decarbonization plans submitted under the Paris Agreement are likely to see Earth warm 2.7C this century.
  • The 2015 accord contains a "ratchet" mechanism requiring countries to update emissions plans every five years.

COP28 goes into overtime as negotiators wrestle over fossil fuel

COP28 has debated a historic first-ever global "phase-out" from oil, gas and coal, the main culprits in a planetary crisis...

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World falling dangerously short of climate goals: UN report

Paris, France - A world facing catastrophic climate change is perilously off course in meeting goals for slashing carbon pollution and...

IMF, World Bank vow to address climate change threat at G20

The leaders of the International Monetary Fund and World Bank announced that the two institutions will collaborate more closely to...

Masdar, Africa50 sign MoU

The aim is to speed up clean energy transition in Africa.

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UAE to host faith leaders for climate crisis summit prior to COP28

Abu Dhabi, UAE - A global summit for faith leaders from around the world will take place in Abu Dhabi...
  • Faith leaders representing the world’s major religions will discuss the ethical responsibilities of faith leaders in addressing the climate crisis
  • The meeting will also address the collaboration between faith and science to bridge the gap between empirical evidence and spiritual teachings

2023 likely to be hottest year in human history, says EU climate monitor

"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...
  • The average global temperature in June, July and August was 16.77 degrees Celsius (62.19 degrees Fahrenheit), surpassing the previous 2019 record of 16.48C.
  • "The three months that we've just had are the warmest in approximately 120,000 years, so effectively human history," C3S deputy director Samantha Burgess told AFP

Climate change worsening heatwaves, air quality: UN

The wildfire smoke recently suffocating cities from Athens to New York may be the most visible sign of air pollution...
  • Fine particulate air pollution from things like vehicle and industrial emissions but also sand and wildfires, is greatest external threat to public health, a recent study said
  • On Wednesday, the EU's Copernicus Climate Change Service said the Earth had just had its hottest three months on record, with last July the hottest month ever recorded