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
  • Oslo, Norway -- Norway's sovereign wealth fund said Wednesday that it would incorporate artificial intelligence tools into its investment analysis process to avoid losses stemming from climate change. The sovereign fund, the world's largest, is sustained by Norway's vast oil and natural gas reserves, but it pushes the companies it...
  • Saudi Arabia and France sign MoU to deepen ties in energy sector

    Riyadh, Saudi Arabia--Saudi Arabia and France have signed a memorandum of understanding (MoU) to cooperate in the field of energy, with a focus on renewable resources. In this connection, Saudi Energy Minister Prince Abdulaziz bin Salman and his French counterpart, Agnes Pannier-Runacher, signed the agreement. The two countries released a...
  • Dubai Solar event to focus on research in clean energy

    DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) said the MENA Solar Conference (MENA-SC) which it organizes from November 15-18 2023, will discuss six innovative research areas. Prominent experts, specialists and researchers worldwide will highlight the latest developments, technologies and scientific research in solar power, local media reports said. The...
  • ‘Greenhouse gas emissions from agriculture likely to rise by 7.5% in next decade’

    PARIS, FRANCE - Greenhouse gas emissions from agriculture are expected to increase by 7.5 percent in the next decade, said a report by the Food and Agriculture Organization (FAO) and the Organization for Economic Co-operation and Development (OECD). The projected greenhouse gas emissions are just less than half the projected...
  • At G20 meeting, UAE urges world to collaborate in scientific research

    Mumbai, India--The UAE’s Minister of State for Public Education and Advanced Technology Sarah Al Amiri has urged the global community to collaborate more closely in the field of research and innovation in order to find solutions to international challenges. Addressing ministers at the G20 Research and Innovation Initiative Gathering (RIIG)...
  • Abu Dhabi frames new grazing regulations to protect rangelands

    Abu Dhabi, UAE-- In order to protect natural rangelands and promote sustainable traditional grazing practices, the Environment Agency – Abu Dhabi (EAD) has begun issuing licenses to owners and breeders of livestock to regulate grazing and all related activities in Abu Dhabi. The licensing policy has been introduced to ensure...
  • Global maritime sector improves carbon-reduction target: draft deal

    Compared with 2008 levels, the United Nations' global shipping regulator has agreed to cut total annual emissions of greenhouse gases "by at least 20 percent, striving for 30 percent, by 2030" and "by at least 70 percent, striving for 80 percent, by 2040". The current target was a 50-percent reduction...
  • Climate change tests limits of Mediterranean wildfire strategy

    In the northwest United States they say the average expanse of forest destroyed by wildfires annually doubled between 1984 and 2015 as a result of human-induced warming -- an area bigger than Switzerland. Despite the efficient strategy and a prevention campaign -- most forest blazes are sparked by humans --...
  • Energy prices may jump if output slashed, warns Shell CEO

    LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because it could further lift energy bills and worsen the cost-of-living crisis. Wael Sawan was asked about recent comments from UN head Antonio Guterres, who had declared it was "moral and...
  • World saw hottest June on record, Tuesday hottest day ever

    Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood of breaking temperature records and triggering more extreme heat in many parts of the world and in the ocean."
  • Bahrain, UK sign MoU to preserve biodiversity and curb marine pollution

    London, UK--Bahrain and the United Kingdom have signed a memorandum of understanding (MoU) on biodiversity and marine pollution. The MoU aims to create a framework of action between Bahrain’s Supreme Council for Environment (SCE) and Britain’s Cefas by allowing them to explore areas of cooperation in monitoring the environment, marine...
  • Climate change spells ‘truly terrifying’ future of hunger, suffering: UN

    On current policy trends, the planet will be 2.8C warmer by the end of the century, according to the UN's IPCC climate science advisory panel.
  • France, UAE share vision to shift towards clean energy

    PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision of accelerating the shift to green energy to tackle the growing threats posed by climate change. The two countries are working together on low-carbon energy solutions, he said,  expressing his...
  • Covid and Ukraine have badly hit UN sustainable goals progress

    Geneva, Switzerland - United Nations Conference on Trade and Development (UNCTAD) said the COVID-19 pandemic, Ukraine crisis and the climate crises are having a devastating effect on progress towards the SDGs. The UNCTAD released the fifth edition of its annual SDG Pulse, a global reference for tracking progress towards achieving...
  • UAE offers the world an eco-friendly economic model

    “The World Meteorological Organization is extremely pleased with the UAE's actions, including the decision to increase investment in clean energy and other projects that support the organization's strategy for addressing climate change issues, as well as their decision to host the headquarters of IRENA, which is a key player in...
  • Israeli drones, AI, big data to help farmers adapt to climate change

    While younger generations in Israel no longer share their predecessors' farming ambitions, the country's agricultural experience wed with its innovative and powerful tech sector yield "many agriculture technologies" that can support farmers into the future, Friedman, a former agriculture ministry official said. One of the biggest challenges facing agriculture, according...
  • Global body to fund 26 FAO projects worth $174.7m

    ROME, ITALY - Building on growing momentum to tackle environmental problems by addressing the ways in which our food and fiber are produced, the Global Environment Facility has approved 26 projects led by the Food and Agriculture Organization of the United Nations (FAO). "To achieve the 2030 Agenda we need...
  • New regulations aim to restrict greenwashing practices

    PARIS, FRANCE- Common standards unveiled on Monday for companies to report their greenhouse gas emissions could curb misleading climate claims in the corporate world, the chair of the body that wrote the norms told AFP. Currently, most large companies report how many tons of carbon they emit into the atmosphere each...
  • ‘Global climate action brings immense optimism’

    Finland and the UAE will be able to tackle climate change through international efforts, collaboration, and partnerships, she adds while highlighting that the European country belongs to a group of ambitious EU Member States that is advocating stricter emission reduction targets for non-EU countries in the forthcoming COP28 in Dubai.
  • Global summit seeks to overhaul climate finance, eyes bigger progress

    The summit comes amid growing recognition of the scale of the financial challenges ahead, with warnings that the world's ability to curb global warming at tolerable levels is reliant on a massive increase in clean energy investment in developing countries. "The current financial architecture is unfair, it's punitive, it doesn't...
  • Conflicts, climate change add to humanitarian crisis

    More than 110 million people have been forced from their homes, while more than 260 million face daily difficulties getting food, adds Guterres in a video message to the Humanitarian Affairs Segment, a platform created by the UN’s Economic and Social Council to find solutions to pressing humanitarian aid issues.
  • Saudi Arabia unveils Expo 2030 plans at BIE Assembly

    The Kingdom emphasizes the Riyadh Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects.
  • Historic achievement: UN adopts first treaty to protect high seas

    Following more than 15 years of discussions, UN member states finally agreed on the text for the treaty in March after a flurry of final, marathon talks. The text, since frozen, has been pored over by the UN's lawyers and translators to make sure it matches in the body's six...
  • Europe world’s fastest warming continent, says EU climate report

    The report by the World Meteorological Organization and the European Union's Copernicus Climate Change Service said the continent was some 2.3 degrees Celsius hotter last year than in pre-industrial times. Crop-withering drought, record sea-surface temperatures and unprecedented glacier melt are among the consequences laid out in the report.
  • Paris summit to push for global debt and climate reform

    France says the two-day summit, which begins on Thursday and will bring together some 50 heads of state and government, was more of a platform for ideas sharing ahead of a cluster of major economic and climate meetings in the coming months. With fewer leaders from wealthier countries attending, Friederike...
  • UN to adopt high seas treaty Monday

    The treaty, officially known as the treaty on "Biodiversity Beyond National Jurisdiction" or BBNJ, also introduces requirements to carry out environmental impact studies for proposed activities to be carried out in international waters. The treaty also establishes principles for sharing the benefits of "marine genetic resources" (MGR) collected by scientific...
  • At UN, UAE plays up link between climate change and peace

    Exhorting the Security Council to adopt what she called as innovative attempts to address the interplay between climate change, peace and security, Mariam Almheiri, UAE's Minister of Climate Change and Environment, warned that the threat of climate change was not a hypothetical scenario but a "risk multiplier" and many were...
  • Greenpeace denounces UK energy firm over coal-fired power station

    LONDON, UK - Greenpeace slammed Britain's power grid operator on Monday after it requested the reactivation of a coal-fired power station to meet electricity demand during a heatwave. National Grid ESO has asked energy firm Uniper to fire up a coal unit of its power station in Ratcliffe-on-Soar, central England, according...
  • UAE and Japan discuss boosting economic, trade and industrial ties

    Tokyo, Japan-- The UAE and Japan are looking to bolster economic, trade, industrial and investment ties as part of a broader strategic partnership between the two countries. In this connection, the UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan met with Yoshimasa Hayashi, Minister for Foreign Affairs of Japan,...
  • SEWA holds talks with US consulate to promote innovation for energy solutions

    Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore efforts in promoting innovation in energy and water and developing sustainable solution for energy production using advanced technologies. In this regard, Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA, hosted...
  • Investment in solar to eclipse oil for the first time

    "Almost all our indicators on climate are pointing in the wrong direction”, with emissions hitting record highs; finance commitments remaining unmet; and the World Meteorological Organization's warning that the next five years are likely be the hottest on record," she adds on the sidelines of the Climate Ambition Summit.
  • US official meets UAE diplomats to discuss climate change

    DUBAI, UAE - US special climate envoy John Kerry has met senior Emirati officials in Abu Dhabi, including the head of the United Nations' upcoming climate change conference, official media reported on Sunday. The choice of Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (ADNOC), to head...
  • How chocolate could counter climate change

    Biochar, a substance produced by heating the cocoa husks in oxygen-free environment, could be used to capture 2.6 billion of CO2.
  • Human fraternity, climate change among top priorities for UAE as president of UNSC

    The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on worldwide conflicts.
  • World needs tangible climate solutions: Al Mubarak

    More than 1,000 private sector executives and members of the Dubai Chamber had joined the path towards reducing global emissions by half by 2030 and reaching zero emissions by 2050, says Al Mubarak, who is also president of the International Union for Conservation of Nature (IUCN).
  • Dubai launches strategy to achieve zero emissions in public transport

    This aligns with UAE's preparations for COP28 and the UAE Net Zero by 2050 Strategic Initiative, and is a part of RTA's efforts to advance sustainability maturity levels in roads and transportation.
  • In drought-hit Tunisia eco-friendly farming takes root

    New methods such as permaculture are especially useful in Tunisia where an unprecedented drought has parched the countryside and left water reservoirs at dangerously low levels this spring.
  • oil, prices, crude, asian stocks

    Iraq warned to end oil addiction in order to avoid ‘intensive care’

    Iraq looks to have renewable energies cover a third of its electricity needs by 2030 and has signed several contracts for solar plants. Its huge oil reserves are enough to produce crude at current rates for another century, but as the world works to wean itself off hydrocarbons, the country...
  • Urgent global action needed on food security, climate change: UAE minister

    New York, USA - Mariam bint Mohammed Almheiri, the UAE Minister of Climate Change and the Environment, has called for urgent global action to tackle food insecurity and climate change at Security Council sessions at the United Nations headquarters in New York, USA. The minister also discussed key related topics...
  • Mubadala continues to advance UAE’s knowledge economy: Sheikh Mansour

    Abu Dhabi, UAE-- Mubadala will continue to advance the UAE's knowledge-based economy in a way that contributes to solutions for critical global challenges in sectors such as health innovation, the climate emergency and future energy sources. This was stated by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime...
  • Environment ministry reclassifies 64 air quality monitoring stations in UAE

    DUBAI, UAE -  As part of the Year of Sustainability initiative, UAE Ministry of Climate Change and Environment (MOCCAE) has updated the classification of 64 air quality monitoring stations. This reclassification is consistent with the ministry's 2022 directive that set forth the requirements for classifying these stations, reinforcing the country's...
  • G7 to focus on ‘responsible’ use of artificial intelligence

    The world must assess the impact of generative artificial intelligence, G7 leaders said, announcing they will launch discussions this year on "responsible" use of the technology. A working group will be set up to tackle issues from copyright to disinformation, the seven leading economies said in a communique during a...
  • Conflict zones in Middle East are not getting climate funds, say aid groups

    DUBAI, UAE - Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely excluded from meaningful financing to mitigate its effects, aid groups warned on Thursday. In a joint report focusing on Iraq, Syria and Yemen, the International Committee of the Red Cross...
  • MENA region takes significant strides towards renewable energy, says Prince Albert II of Monaco

    The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable projects and initiatives of the region".
  • UAE issues decree on use and distribution of hydrofluorocarbons

    Dubai, UAE-- The UAE's Ministry of Climate Change and Environment has issued a decree on the use and distribution of hydrofluorocarbons (HFCs) in order to control their circulation and emission into the air. The decree aligns with the UAE's preparations to host the 28th Conference of the Parties to the...
  • Global warming raises risk of heat-related deaths among workers

    The Occupational Heat Stress conference in Qatar, which focused on climate change and how rising temperatures threaten workers' health, heard that tens of thousands of workers around the world have died from chronic kidney disease and other illnesses linked with extreme heat over recent decades.
  • UAE and US climate farming fund swells to US$13 billion

    Thanks to the jump in the fund, the Agriculture Innovation Mission (AIM) for Climate, launched in 2021, now surpasses its US$10 billion target for the COP28 climate talks, to be held by the UAE in November. The changing climate is threatening food security as global warming increases the frequency of...
  • Natural capital, conservation should be priority for private sector in region

    DUBAI, UAE -  The private sector and financial institutions in the Middle East should enhance reporting by including information about how they both impact and depend upon nature and natural capital, says a report.    The report titled 'Nurturing Natural Capital: The Middle East Imperative' was released by the World Government...
  • Thousands flee homes in western Canada as wildfires spread

    Fanned by strong winds wildfires flared across Alberta in the Canadian province, forcing 25,000 people to flee their homes as the province declared a state of emergency on Saturday to protect the "safety, health and welfare of Albertans." Thousands more have been told by the authorities to be prepared to...
  • Regional cooperation vital to address climate change

    “The recent, intense weather events in Central and West Asia show that we need to take urgent, collective action. Countries in the region must work together to cut greenhouse gas emissions, ramp up climate resilience, and manage precious, shared natural resources for the good of all,” adds Yevgeniy.
  • UAE minister calls for using digital tech in building peace

    New York, USA - Omar Sultan AlOlama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, called for the use of digital technologies to build and sustain peace during a United Nations Security Council open debate on “peacebuilding and sustaining peace.” “The emergence of new, powerful...