Protecting nature may avert $2.7trn global economic losses: World Bank
Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually,...
COP28 UAE
Global health crisis looms amid climate change: WEF
Global coalition and trillions of dollars are required to prevent escalating human deaths due to climate change, Dr. Shyam Bishen...
COP28 UAE
Geostrategy
Cutting fossil fuel use key to environmental protection: IMF
The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said...
- Global fossil fuel subsidies amount to around $6 trillion in 2020, which is 6.8 percent of global GDP.
- Emissions would fall by one-third if prices increase to fully reflect environmental and supply costs by 2025, IMF said.
Science
UAE reviews food systems transformation at UN
The world must act, and act now, if we are to reach zero hunger by 2030, the UAE’s Minister of...
- There is no more time for planning in the run-up to 2030, which is designated the Decade of Action
- The combined efforts of all actors is necessary for the world to meet the UN’s Sustainable Development Goals
Economy
UN sees $400bn pledge for climate action
The United Nations has called for the world to redouble its renewable energy efforts to avert a climate emergency.
- Governments and the private sector pledged at a high-level summit to spend more than $400 billion on climate efforts
- The amount would also help bring electricity to more of the 760 million people around the world who currently lack it
Science
Scientist makes whitest paint; it might reduce AC bill!
Its inventor said this paint was used to cover a roof area of about 1,000 square feet, it could give...
- The paint has a reflectivity of 98.1 percent, as compared to most white paints that have a reflectivity of 80-90 percent
- This means it can reflect heat and light better, which will continue to cool whatever it is coating
Economy
UN needs another $100trn for SDGs
The Force for Good initiative has said the UN has funding gap of $84-101 trillion in achieving the SDGs.
- The 17 SDGs are goals that the UN set forward in 2015, which would be accepted by all its members states, to build a better planet
- They include, but are not limited to goals like No Poverty, Zero Hunger, Good Health and Well Being, Quality Education, and Gender Equality
Interview
World on path to 2.7C warming, warns UN chief
Instead of the reductions needed to avoid the worst effects of climate change, global emission are likely to see "a...
- The figure would shatter the temperature targets of the Paris climate agreement
- Under the landmark 2015 Paris deal, nations have committed to slash emissions
Arts & Culture
Unesco recognizes Saudi marine sanctuary
The UN body has registered the Farasan Island Marine Sanctuary in its Man and Biosphere Program.
- The Farasan Islands are said to support the largest population of idmi gazelle in Saudi Arabia
- They also have high concentrations of greater flamingo, pink-backed pelican, Eurasian spoonbill, and osprey
Geostrategy
World leaders to hold closed-door climate meet at UN
The roundtable comes less than six weeks before a major United Nations climate meeting, COP26, in Glasgow.
- The roundtable comes less than six weeks before a major United Nations climate meeting, COP26, in Glasgow
- The meeting will include leaders from the G20, as well as developing and small island nations, and will be partly in-person, partly virtual
Economy
Oman readies roadmap for green economy
Oman’s Environment Authority and Petroleum Development Oman have reportedly discussed the policy draft with the United Nations Environment Program.
- The UNEP experts outlined the roadmap to EA and PDO during a virtual meeting that the Omani entities organized
- The first draft included the road ahead for the buildings, water, manufacturing, transportation, waste, and energy sectors
Analysis
GCC in hot pursuit of 2050 emission goals
The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?
- IRENA says GCC countries need to invest up to $148 billion each year until 2050 to meet the goals of the Paris agreement
- DNV expects clean-energy expenditure to increase by around 70 percent between 2019 and 2030 to $1.9tn
Protecting nature may avert $2.7trn global economic losses: World Bank
Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually,...
COP28 UAE
Company News
‘Global climate action brings immense optimism’
Arts & Culture
Latest News
Canada’s fires in north force another town to evacuate
Canada is suffering through its worst forest fire season in recorded history, with much of the country hit by high...
COP28 to help green transition in developing nations
"International reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change...
Economy
Climate change to be discussed in Dubai COP28 meet, says Egypt minister
Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to...
Business
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Economy
Greek firefighters struggle to control wildfires for sixth day
Athens, Greece--Hundreds of firefighters in Greece struggled Thursday to gain the upper hand against major wildfires burning unchecked for a sixth...
- Threatening a national park, a huge blaze continued to burn on Mount Parnitha near Athens, in the largest forest adjoining the capital
- According to a government minister, Greece was going through the worst summer of fires since fire-risk maps were introduced in 2009
Economy
COP28 will provide a pivotal moment in climate action
The conference will focus on practical aspects, unifying action, and establishing partnerships, as well as aligning efforts to transition from...
- COP28 will focus on practical solutions, unifying global action, and fostering partnerships, says IUCN chairwoman
- The conference aims for a "human-centric" approach, emphasizing nature, food, health, and climate resilience, she adds.
Geostrategy
Schools shut in Makkah region after heavy storms and downpour
The meteorology center warned of further storms on Wednesday bringing rain, wind and thunder to the Mecca region and elsewhere...
- The storm brought gale force winds exceeding 80 kilometers (50 miles) per hour, Hussein al-Qahtani, spokesman for the National Centre for Meteorology.
- The Makkah neighborhood of Al-Kakkiyah recorded 45 millimeters (1.8 inches) of rain within 24 hours, the meteorology center shared in a post on X.