GCC forges ahead in sustainable tech initiatives
In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant...
Business
TAQA, GS Inima and EWEC seal deal
Abu Dhabi's Shuweihat 4 desalination project secures $444 million.
Business
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
Science
Aramco to partner with Aveva for sustainability
Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.
- The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East
- It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom
Empower cools Uptown tower
Empower is servicing 3,850 RT at the skyscraper.
- DMCC was keen to build the Uptown project according to the Leadership in Energy and Environmental Design gold standards
- As a result, it is now supplied with environmentally friendly cooling services of sustainable global standards
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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
GCC forges ahead in sustainable tech initiatives
In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant...
Business
Company News
Latest News
Building less, repurposing more key to low construction sector emissions
The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
Geostrategy
150 dead in Libya after storm Daniel results in floods
"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
Geostrategy
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Geostrategy
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...
- Global greenhouse gas emissions must peak by 2025 and drop sharply thereafter to keep the 1.5C target in view, the so-called stocktake said.
- "Scaling up renewable energy and phasing out all unabated fossil fuels are indispensable elements of just energy transitions to net zero emissions," it said.
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...
- "Climate change is a threat to global peace, security, economic stability, and development," IMF chief Kristalina Georgieva and WB President Ajay Banga said
- The two leaders said both IMF and WB "need to help all our member countries integrate their climate and development goals"
Business
Masdar, Africa50 sign MoU
The aim is to speed up clean energy transition in Africa.
- Masdar brings its technical expertise and extensive experience in emerging markets and will work with Africa50 to bridge the infrastructure funding gap.
- Africa50 brings its skill in developing projects in the continent and which, combined with Masdar, can help unlock clean energy potential.