‘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
Arab meet calls for more investments in renewable energy
Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister...
Geostrategy
Geostrategy
What did the G20 summit agree?
Meeting in person for the first time in two years, G20 leaders had climate change, the Covid pandemic, a tax...
- Leaders pledged action against dirty coal plants but fell short on a target of zero emissions. Support WHO's vaccination goals.
- An agreement that will subject multinationals to a minimum 15 percent tax approved as part of an effort to build "a fairer international tax system".
Geostrategy
Climate, economy, vaccines key focus of G20 talks
Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine...
- In their first in-person gathering since the start of the Covid-19 pandemic, the relaunch of the global economy will also be front and center on the two-day agenda
- The stakes are high, with United Nations Secretary General Antonio Guterres warning G20 leaders to show "more ambition and more action"
Science
Qatar plans to reduce 25% greenhouse emissions by 2030
The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures,...
- The reduction said to be part of the National Climate Change Action Plan to reduce emissions in Qatar
- The plan is expected to take Qatar closer to achieving its sustainable development goal by 2030
Science
Saudi Arabia joins space-based climate monitoring effort
The move comes barely days after the country announced during the Saudi Green Initiative forum that it aims to achieve...
- Saudi Space Commission has signed the joint international statement on space monitoring of the climate
- The signing took place at the headquarters of the Saudi pavilion at Expo 2020 Dubai
Climate change threatens Libyan reserve, home to rare species
Ashaafean is the first Libyan site to be categorised as a UNESCO biosphere reserve.
- Ashaafean is the first Libyan site to be categorised as a UNESCO biosphere reserve
- The biosphere reserve's 83,060-hectare core area is home to a variety endangered species
Geostrategy
Greenhouse gas levels reach new record high: UN
The UN's blunt report comes as British Prime Minister Boris Johnson, the COP26 host, said he was "very worried" that...
- The World Meteorological Organization said that continued rising greenhouse gas emissions would result in more extreme weather.
- Concentrations of all three major greenhouses gases --CO2, methane and nitrous oxide--have risen alarmingly.
Science
Saudi minister: More investment in science and technology way to net-zero goal
Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve...
- Al-Swaha says pursuing current policies and technologies will lead to a gap of 30-40 percent in the zero-emission goal.
- Saudi Arabia is taking the lead in building a center for climate technologies in the MENA region, he said.
Science
Aramco sets 2050 net-zero target
The company acknowledged that this would have its challenges.
- Saudi Aramco chief Amin Nasser has said the company will achieve net-zero emissions by 2050
- He was speaking at the Saudi Green Initiative forum, where Saudi Arabia pledged to become net-zero by 2060
Science
Saudi Arabia eyes zero carbon emissions by 2060
At the Saudi Green Initiative forum, the Gulf country has also vowed to join a global effort to reduce methane...
- Saudi Arabia has announced plans to reduce carbon emissions by 278 million tons annually by 2030
- The country is also taking the Global Methane Pledge to reduce methane emission
Geostrategy
OECD nations to ban export credits for coal power
With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations...
- For existing coal-fired power stations, the credits can only be used for pollution mitigation and carbon capture equipment that doesn't extend the service life of the facility.
- Coal is the dirtiest fossil fuel and is responsible for a major chunk of carbon emissions.
‘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
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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...
World inches step closer towards plastic pollution deal: UN
Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up...
Geostrategy
UAE and Africa strengthen carbon market collaboration
"Our collaboration with the Africa Carbon Markets Initiative provides carbon market buyers in the UAE and wider region with access...
Geostrategy
Most Read
Istanbul dams run low after scorching, dry summer
The bank of screens in Ismail Aydin's Istanbul water management system control room flashes a worrying number: 29.7 percent. That...
- Turkey as a whole experienced the hottest July on record and broke the 50-degree Celsius (122-degrees Fahrenheit) mark for the first time in modern history on August 14
- The city could ship in extra supplies of water by sea or road should the dams run completely dry -- although no specific plans have been laid yet for that gloomy possibility
Economy
UAE economy expected to grow by 3.5 percent in 2023, says UBS
ABU DHABI, UAE - Chief Investment Officer, Emerging Markets at UBS Global Wealth Management Michael Bolliger forecasts the UAE's gross...
- The bank's positive outlook on the UAE’s medium-term growth prospects is supported by strong demand for its oil exports and energy investments.
- The bank also expects a strong 4.5 percent expansion for the non-energy part of the economy for this year.
Geostrategy
Renewables helped save $520bn fuel costs globally in 2022: Report
In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
- In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants.
- IRENA’s Director-General Francesco La Camera said the world must add 1,000 GW of renewable power annually on average every year until 2030 to keep 1.5°C within reach.