COP29: Why new climate pledges need ambition, finance and action to succeed
Major emitters must take the lead, but every nation has a role in addressing the climate crisis. Success hinges on...
World Bank boosts climate financing by 10 percent
Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in...
COP28 UAE
UAE to tie up with ACSAD to achieve zero neutrality by 2050
Dubai, UAE--The Arab Centre for the Studies of Arid Zones and Dry Lands (ACSAD) will partner with the UAE's Ministry...
- ACSAD has offered at COP28 several solutions to the problem presented by climate change, including challenges like dealing with water scarcity and food security
- Dr. Homsi said that Arab summits had given ACSAD the task to implement a number of projects, such as the production of wheat varieties resistant to drought, high temperatures
OPEC chief says ‘single solution’ non existent for energy transition
Dubai, UAE - The OPEC oil cartel said Saturday there was no "single solution" to the energy transition as pressure grows...
- "There is no single solution or path to achieve a sustainable energy future," said a speech by OPEC secretary general Haitham Al Ghais
- "We need realistic approaches to tackle emissions, ones that enable economic growth, help eradicate poverty and increase resilience at the same time," he said
COP28 UAE
China pushes for ‘acceptable’ to all deal on fossil fuel at COP28
Despite efforts by the OPEC oil cartel to block any text targeting fossil fuels at COP28, Chinese envoy Xie Zhenhua...
- Negotiations in Dubai have focused on calls to phase out the global extraction of oil, gas and coal in hopes of tackling the planet's worsening climate change.
- The roles of China and the US are considered crucial for the world to make any progress in efforts to limit warming to 1.5 degrees Celsius.
COP28 UAE
OPEC implores members to oppose any COP28 deal targeting fossil fuels
Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks...
- The OPEC chief urged members to reject any text or formula that "targets energy i.e. fossil fuels rather than emissions"
- On Friday, negotiators released an updated text that still includes various options for exiting oil, gas and coal
Geostrategy
Fossil fuels usage must end by 2040 to restrict warming to 1.5C
In a note to the UN Secretary-General Antonio Guterres and UN Climate Change body, shared with AFP, climate scientists from...
- The steep timeline they laid out comes as climate negotiators at the COP28 talks in Dubai are tussling over the future of oil, gas and coal.
- The UN climate negotiations are tasked with helping the world meet the Paris deal goal of limiting global warming to 1.5 degrees Celsius.
COP28 UAE
COP28 president Sultan Jaber pushes for rapid fossil fuels draft deal
Climate campaigners have viewed Jaber with deep suspicion due to his position as the head of UAE national oil firm...
- Despite disagreements over the future of fossil fuels, Jaber voiced optimism that the talks hosted by the oil-rich UAE can finish with a historic deal
- A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break
Economy
Renewable energy, sustainability drive GCC growth
The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for...
- The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for the region.
- Investments in solar and wind power in Saudi Arabia and the UAE mark a clean energy shift, reshaping consumer behavior and the financial sector, creating new jobs and industries.
Economy
COP28 strong push for climate action in Arab region
"The UNDP has spent approximately $1 billion in the Arab region for integrated development solutions driven by national priorities and...
- Launch of the Loss and Damage Fund at COP28 marks a crucial step in supporting climate action in the Arab region.
- UNDP's significant investment of $1bn in the Arab region focuses on integrated development aligned with national priorities.
Business
99 percent of world live in areas with air pollution levels above WHO guideline limits
DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...
- Leading businesses recognize that they have an important role in reducing air pollution alongside greenhouse gas emissions.
- Business activity contributes significantly to air pollution globally but air pollution is not prioritized nor integrated into climate action.
Business
People-positive approach needed in clean power transition: WEF paper
Dubai, UAE -- Building massive infrastructure for clean power projects in pursuit of climate goals will need nearly $4.5 trillion in...
- The white paper calls for a dialogue between the industry and community groups and NGOs to define common standards for a people-positive energy transition.
- It also urges governments to not only focus on the lowest price but also the wider societal value creation in their transition plans.
COP29: Why new climate pledges need ambition, finance and action to succeed
Major emitters must take the lead, but every nation has a role in addressing the climate crisis. Success hinges on...
Company News
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Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...
Business
Scientists in UK create new fusion record
LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
Science
World sees first 12 months above 1.5C warming level, says climate monitor
PARIS, FRANCE - Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...
Science
Most Read
Paris Olympics’ organizers worry heatwave can spell trouble for games
A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...
- Organizers of the Paris Olympics, which will run from July 26 to August 11, say they are "fully aware" of the climate-related risks to the Games
- Operational teams have run simulations looking at the consequences of shifting some outdoor events to earlier or later start times to avoid the heat
Economy
Embracing renewables secures UAE’s green future
"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
- UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
- The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.
Business
France flooded with applications for electric car leasing scheme
Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...
- Some 90,000 people have applied to the scheme since the start of the month, French Environment Minister Bechu said.
- President Emmanuel Macron unveiled the plan on social media in December as part of efforts to reduce carbon emissions in France.