Energy companies to test CO2 capture in Brazil undersea oil field
PARIS, FRANCE - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2...
Business
Sheikh Hamdan issues resolution regulating single-use products in Dubai
DUBAI, UAE - Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
Geostrategy
Business
African migrants fuel recycling in Turkey capital Istanbul
Afghans have joined Kurds, the Laz, Roma and other ethnic minorities and undocumented migrants in doing work others snub. For...
- Diving headfirst into dumpsters, these migrants dig up plastic bottles, glass, and other waste they then sort and sell in bulk
- This is a self-organized, unregulated business that keeps the city clean, and these impoverished people fed
Turkey pledges to protect Mediterranean Sea
Turkey, the last G20 country that ratified the Paris climate agreement, faces criticism for how it treats its water.
- Microplastics pollution in the Mediterranean Sea poses a threat to marine life
- Turkey’s southern shores on the Sea of Marmara has witnessed the largest outbreak of ‘sea snot’
Business
Saudi Arabia, Bahrain review ways to boost ties
The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.
- The two sides agreed to enhance cooperation on international climate policies
- They will also look to focus on emissions rather than sources through the application of the Circular Carbon Economy approach
Economy
Dubai’s carbon emissions have fallen by 22 percent in 2019
Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support...
- Dubai Supreme Council of Energy discusses a resolution to achieve carbon neutrality by 2050.
- The meeting also discussed the implementation of a resolution to regulate district cooling services in Dubai.
Business
Central Bank of Jordan joins network of 100 central banks in green finance pursuit
The Central Bank of Jordan (CBJ) has joined the Network for Greening the Financial System (NGFS), a network of 100...
- The network is pursuing a better global response and delivery of the Paris and Glasgow climate agreements, said the bank.
- Qatar has the highest GDP per capita in the Arab world due to its small population.
Science
Carbon capture tech finally gaining speed: IEA
For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.
- Carbon-capture tech and facilities say a stagnation, and even regression, from 2010 to 2017
- However, 2021 has seen many countries and organizations promising to scale up the technology due to their net-zero pledges
Science
US Climate Envoy John Kerry in UAE for ‘Project Prosperity’
The UAE, Jordan, and Israel have committed themselves to building renewable electricity and water desalination capacity and address the threat...
- the three signed a declaration of intent at the UAE Leadership Pavilion at Dubai Expo, which was witnessed by Dr. Sultan bin Ahmed Al Jaber
- The declaration of intent consists of two interdependent and contingent components
Economy
Iranians protest against water crisis caused by dried-up river
"Thousands of people from Isfahan, farmers from the east and west of the province, have gathered in the dry Zayandeh...
- The massive protest was the biggest since demonstrations over the water crisis started on November 9
- The Iranian government has promised to come to the aid of farmers and resolve the crisis
Analysis
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
Science
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
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Energy companies to test CO2 capture in Brazil undersea oil field
PARIS, FRANCE - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2...
Business
Company News
Latest News
Antarctic sea ice hits lowest winter maximum on record, says data
WASHINGTON, US - The sea ice around Antarctica likely had a record low surface area when it was at its maximum...
Science
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
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Geostrategy
King Charles urges joint French-English effort on climate change
"Just as we stand together against military aggression, so must we strive together to protect the world from our most...
- He suggested that France and Britain should team up to tackle the climate and biodiversity emergencies with a new version of the 1904 Entente Cordiale pact
- Charles' latest call on the environment came a day after Britain's PM Rishi Sunak softened green policies aimed at achieving net zero carbon emissions by mid century
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.