Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Turkey seeks change in UN climate change agreement

    • Countries in Annex-I of the UNFCCC are obliged to transfer environment-friendly technologies to developing countries

    • They are also expected to take all necessary steps to encourage, facilitate and finance access to these technologies

    Turkey has sought a change in a UN climate framework that could let it off the hook from supplying technology to developing countries, said local reports on Friday, July 23.

    The country’s Environment and Urbanization Minister Murat Kurum has reportedly urged US Special Presidential Envoy for Climate John Kerry to exclude it from the Annex-I list of the United Nations Framework Convention on Climate Change, or UNFCCC.

    He has also asked for the country to receive a fair financial support to implement the convention, said the local reports.

    Countries in Annex-I of the framework are obliged to transfer environment-friendly technologies to developing countries.

    They are also expected to take all necessary steps to encourage, facilitate and finance access to these technologies, beside other responsibilities.

    Turkey was included in Annex-I and Annex-II lists of the convention at the very beginning of the process in 1992 because it was a member of the Organization for Economic Co-operation and Development, or OECD.

    The seventh Conference of Parties (COP) of UNFCCC in 2001 adopted a decision to delete Turkey’s name from Annex-II.

    Turkey now says it had no historical responsibility for greenhouse gas emissions in 1992 despite being included in Annex-I, since it was then in the last row of the Annex-I list among 36 countries in terms of greenhouse gas emission with per capita ratio of 3.88 tCO2e, which is less than 1% of the global total.

    The average greenhouse gas emission of the Annex-I countries was 14.37 tCO2e per capita, said the reports.

    Turkey has signed the Paris Climate Agreement, which is part of the UNFCCC, and was adopted at the 21st COP in 2015.

    However, it is yet to ratify it because the deal places it among developed countries, said the reports.

    France and Germany had, with support from the UN and World Bank in 2019, proposed a financial package to Turkey if it ratified the agreement. However, Turkey rejected it because it deemed the package insufficient.