INSEAD Day 4 - 728x90

Climate Change

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
  • Paris, France - Europe and the Mediterranean basin has been hit by a long-lasting drought covering over 45 percent of the region since mid-March, according to AFP analysis of European Drought Observatory (EDO) data made available on Tuesday. It is the first time since data collection began in 2012 that...
  • UNESCO says Yellowstone, Kilimanjaro glaciers can vanish by 2050

    The UN warning followed a study of 18,600 glaciers at 50 World Heritage sites -- covering around 66,000 square kilometers (25,000 square miles) -- which found glaciers at a third of the sites were "condemned to disappear".
  • Middle East at risk of climate-induced food, water scarcity: Report

    Published only days ahead of the UN climate conference in Egypt, the report titled "Living on The Edge" said, by the end of the century, 80 percent of the densely populated cities in the Middle East and North Africa were likely to suffer from heat waves for at least 50...
  • UAE, US partner to invest $100bn in renewables, clean technologies

    The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the two countries.
  • German eco activists glue themselves to dinosaur exhibit

    over 60 million years old, holding a banner that read: "What if the government doesn't have it under control?" One of the women, Caris Connell, said she was scared of "forest fires, water shortages, famines, and war. "Dinosaurs died out, because they could not withstand massive changes to the climate....
  • Twilight of the Tigris: Iraq’s mighty river drying up

    The Tigris, the lifeline connecting the storied cities of Mosul, Baghdad and Basra, has been choked by dams, most of them upstream in Turkey, and decreasing rainfall.
  • Upcoming climate events to boost UAE-Egypt ties

    The bilateral relations between the two countries are based on mutual respect and appreciation. The significant advancement in the bilateral ties in recent years in several major sectors, notably the economic and trade sectors, has led to a rise in their trade exchange to record levels, she adds.
  • Staring at drought next year, Iraq digs more than 500 wells in 2022

    Al-Mishkhab, Iraq - Iraq has long drilled the desert for oil, but now climate stress, drought and reduced river flows are forcing it to dig ever deeper for a more precious resource: water. The war-scarred nation and major crude exporter is one of the world's five countries most impacted by key...
  • Investment to tackle climate change falls in 2022, says UNCTAD

    Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global investment downturn, according to a new report published by the UN Conference on Trade and Development.
  • Middle East stares at mass displacement due to climate change

    The World Bank estimates that by 2050, if nothing is done to prevent it, there will be 216 million people internally displaced by climate change, including 19.3 million in North Africa.
  • COP27: Time to move from negotiations and planning to implementation of promises and pledges

    At COP26 countries agreed to deliver stronger commitments this year, including updated national plans with more ambitious targets. However, only 23 out of 193 countries have submitted their plans to the UN so far. The countries must dramatically scale up their efforts to counter the climate crisis, he adds.
  • ‘Carbon neutrality goals are useless if not backed by action’

    UNITED NATIONS, UNITED STATES - Carbon neutrality goals are useless if not backed by action, UN Secretary-General Antonio Guterres said Thursday, stressing that the world cannot "afford any more greenwashing." "Commitments to net zero are worth zero without the plans, policies and actions to back it up," he said in...
  • Climate pledges short of limiting temperature rise to 1.5C: UN Official

    Paris, France - International climate pledges remain far off track to limit rising temperatures to 1.5 degrees Celsius, according to a report released by the United Nations Wednesday, less than two weeks ahead of high-stakes negotiations to tackle global warming. The combined climate pledges of more than 190 nations that signed...
  • Early preparations put GCC in better place to face tough economic conditions: Saudi finance minister

    Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in a better status than many other countries, says Al-Jadaan at an FII event.
  • 60% houses in Iraq lose access to drinking water, says survey

    BAGHDAD, IRAQ - In drought-hit Iraq, six out of 10 households have had their access to drinking water disrupted and a quarter of farmers have seen crop yields drastically fall this year, said a survey published Monday. Iraq has been battered by three years of drought, low rainfall and reduced...
  • DTC Abu Dhabi-UNESCO study on pandemic impact ‘useful’ in plugging gaps

    Abu Dhabi, UAE - The Culture Summit Abu Dhabi began in the UAE capital with discussions on the impact of the pandemic on culture. Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, said, “If an issue happens in Brazil or Iraq or Syria, it affects us as well,...
  • UAE Minister highlights youth’s role in sustainable food systems

    DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food Forum where she spoke about the country's efforts to enhance youth engagement in strengthening food security through innovation and entrepreneurship. The Forum from October 17 to 21 at the headquarters...
  • Egypt to host 24th meeting of Gas Exporting Countries Forum

    The meeting comes amid a global dialogue about energy security and just weeks ahead of the 2022 UN Climate Change Conference (COP27).
  • WFP calls for action to avoid another year of record hunger

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today put the health and lives of millions of people at stake without distinguishing between developed and developing countries.
  • By 2030, TAQA targets a 25% reduction in greenhouse gas emissions

    The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals.
  • UN says half the world unprepared for disasters

    The UN agencies for weather and for disaster risk reduction found countries with poor early warning systems on average see eight times greater mortality from disasters than countries with strong measures.
  • UN urges transformation of global energy system

    Climate change risks undermining global energy security unless the use of renewables is dramatically scaled up, the UN warned Tuesday, suggesting the Ukraine conflict's effects could speed up the green transition. Energy sector is a major source of carbon emissions that drive climate change, the UN's World Meteorological Organization said.
  • Debt financing in climate tech sector set to grow

    In climate-related sectors, debt funding is becoming more prevalent outside of traditional project finance opportunities such as solar parks, wind farms and eco-friendly realty projects. Energy transition opportunities and electric mobility are attracting increasing levels of debt financing, he adds.
  • ‘Heatwave to make human life unsustainable in certain areas’

    GENEVA, SWITZERLAND - Heatwaves will become so extreme in certain regions of the world within decades that human life there will be unsustainable, the United Nations and the Red Cross said Monday. Heatwaves are predicted to "exceed human physiological and social limits" in the Sahel, the Horn of Africa and...
  • Asia green business market to hit $5 trillion by 2030

    More than 15 countries and 670 companies in Asia have set (or are committed to setting) emission-reduction targets, thereby creating new green investment opportunities.
  • Protecting biodiversity is important, says Egyptian minister

    Egypt’s Minister of Environment Yasmine Fouad said that protecting migratory birds and biodiversity is one of the global and regional environmental challenges that her country is keen to address during the UN Conference of Parties on Climate Change (COP27).
  • War and energy crisis push US LNG industry to expand

    US suppliers have exported 1,574 billion cubic feet (44.6 billion cubic meters) of LNG to Europe so far in 2022, a sharp rise from the 917 billion cubic feet (26 billion cubic meters) in 2020, according to the Center for Liquefied Natural Gas, a Washington-based trade group that represents the...
  • ‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’

    The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected to the UAE’s transmission grid.
  • Deal reached for civil aviation to try for net-zero emissions by 2050

    The assembly, which brought together representatives from 193 nations at the International Civil Aviation Organization (ICAO) headquarters in Montreal, reached a "historic agreement on a collective long-term aspirational goal of net-zero carbon emissions by 2050!" the United Nations agency said on Twitter. It added that it "continues to advocate for...
  • Egypt replants mangrove to fight climate change

    Sayed Khalifa, the head of Egypt's agriculture syndicate, calls the unique plants a "treasure" because of their ability to grow in salt water where they don't face drought.
  • Month before COP27, host Egypt faces heat over rights, climate action

    Cairo voiced disappointment that King Charles III, a long-time champion of the environment, cancelled a plan to attend and speak at COP27 after Britain's Prime Minister Liss Truss reportedly objected. "We hope this does not signal Britain stepping back from the global climate change movement" after it chaired last year's...
  • As Iraq concrete jungle swelters, ancient stone houses stay cool

    Tracing its roots back 2,700 years, the picturesque Kurdish town of Akre says it is better adapted to the modern-day perils of climate change than other parts of Iraq. "Stone houses are far more resistant" to the rising temperatures and also preserve the town's unique character, said Mayor Baland Reda...
  • Rubbish reform: changes to waste management could slash emissions

    Governments around the world have pledged to reduce emissions of methane (CH4) - which absorbs 80 times more solar radiation over short periods than carbon dioxide - in their battle to curb global warming. Human-induced sources of the powerful greenhouse gas are largely from livestock and manure handling, which accounts...
  • UAE takes part in G20 Finance Track in Indonesia

    UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for 2022.
  • Moroccan nomads’ way of life threatened by climate change

    Rainfall in Morocco is set to decline by 11 percent and average temperatures are set to rise by 1.3 percent by 2050, according to forecasts from the Ministry of Agriculture.
  • UAE, France, India share vision on sustainable growth: Sheikh Abdullah

    New York, USA - UAE, France and India have discussed the need for enhancing global cooperation to counter energy and good security challenges. The foreign ministers of the three countries met on the sidelines of 77th session of the United Nations General Assembly in New York. Sheikh Abdullah bin Zayed...
  • Tigris: Iraq’s mighty river drying up

    Water scarcity hitting farming and food security are already among the "main drivers of rural-to-urban migration" in Iraq, the UN and several non-government groups said in June.
  • Without collaboration, green transition ‘delayed by decades’: IEA

    Against the backdrop of surging energy prices and the threat of a global food crisis, the IEA urged nations to use the coming COP27 meeting in Egypt to "accelerate progress towards net zero emissions by decades, cut energy costs and boost food security for billions of people worldwide".
  • World Bank urges Sahel nations to diversify economies

    Alerting five West African countries to the danger posed by climate change, the World Bank has urged them to diversify economies as they are extremely vulnerable to extreme weather patterns. The five countries in the arid Sahel region are vulnerable to droughts, floods, and heatwaves, according to a report.
  • Fossil fuel reserves contain 3.5tn tonnes of CO2: database

    The global registry, Containing more than 50,000 fields across 89 countries, it found that some countries on their own held reserves containing enough carbon to blow through the entire world's carbon budget.
  • Tunisian ‘hanging garden’ farms cling on despite drought

    The "hanging gardens" of Djebba El Olia have been put to the test this year as the North African country sweltered through its hottest July since the 1950s.
  • Continuous effort required to protect ozone layer, says UNEP

    The UNEP noted a global temperature rise of 2.5C was possible if the ozone-depleting chemicals weren't banned, which would have been a 'catastrophe'.
  • Climate-fueled hunger more than doubles in worst-hit countries: report

    The analysis, "Hunger in a heating world," found that acute hunger had risen 123 percent over six years in the ten most-affected nations, defined by the most number of UN weather appeals. "The effects of severe weather events are already being felt," Lia Lindsey, Oxfam America's senior humanitarian policy advisory...
  • Scientific program to reduce impact of climate change in Saudi Arabia, region

    Riyadh, Saudi Arabia - Earth foresight, a scientific program to combat climate change using Artificial Intelligence was launched at the Global AI Summit which was organized at the King Abdulaziz International Conference Center, in Riyadh, from 13-15 September. The Ministry of Environment, Water and Agriculture (MEWA), the Saudi Data and...
  • US again approves most aid to Egypt despite rights concerns

    President Joe Biden's administration on Wednesday approved most military aid to Egypt for a second straight year despite concerns on human rights, pointing to limited progress, officials said. Secretary of State Antony Blinken finalized a package of $1.17 billion for Egypt, which has been one of the largest recipients of...
  • TikTok search results rife with misinformation: report

    Toxicity and false claims are a "significant threat" at TikTok, which is becoming a go-to online venue for young people to search for information, according to a study by NewsGuard, a media watchdog. NewsGuard describes itself as a "journalism and technology tool" that rates the credibility of websites and online...
  • High-level UAE economic delegation visits Georgia

    A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.
  • UAE issues updated second NDC to reduce emission

    The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved an updated version of the UAE’s second Nationally Determined Contribution (NDC) under the Paris Agreement.
  • UN urges EU against fossil fuels in energy crisis

    The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in their response to soaring energy prices and fears of winter shortages. Russia has reduced supplies of gas to Europe since its invasion of Ukraine, sending prices for the fuel soaring.
  • UN head appeals to world to end reliance on fossil fuels

    Calling on the world to put an end to the war with nature by investing in renewable energy now, UN head Antonio Guterres said Pakistan and other developing countries are paying a horrific price for the intransigence of big emitters that continue to bet on fossil fuels.
  • Middle East heating at twice the global average: Study

    Nicosia, Cyprus - The Middle East is heating at nearly twice the global average, threatening potentially devastating impacts on its people and economies, a new climate study shows. Barring swift policy changes, its more than 400 million people face extreme heatwaves, prolonged droughts and sea level rises, said the report...