Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is visibly failing on most fronts. adding that this is "hardly the future picture some have been painting." Fossil fuels accounted for 82% of global consumption last year.

An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to "well below" 2C and if possible the safer curb of 1.5C. An H grade, according to Carbon Tracker, is the furthest from the Paris goal, with activities and strategy more...

The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming. say a latest IEA report.

Paris, France -- The world needs "trillions" of dollars to spur on the green transition and tackle global warming, the head of last year's COP28 climate talks said Tuesday, warning that political momentum can evaporate without clear action. COP28 president Sultan Al Jaber hailed progress made at UN negotiations last year in...

Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de Merode tells TRENDS.

"We've collaborated closely with the World Governments Summit for over a decade. It presents a vital opportunity to foster innovative thinking and concentrate on best practices. Indeed, each year, it allows us to focus keenly on the current challenges and opportunities," he adds.

The UAE hosted last year's COP28 conference in Dubai, while Azerbaijan will host this year's summit followed by Brazil in 2025. The three countries were mandated by 198 signatories to the Dubai agreement to work together on a roadmap to limit global warming to 1.5 degrees Celsius, a key climate...

Dubai, UAE - About 63% of respondents in the UAE plan to make EVs their primary mode of transport by 2025, reveals a survey by Al-Futtaim Automotive, a major division of the Al-Futtaim Group and Strategic E-Mobility Partner, The survey indicating a significant shift in UAE residents' perspectives towards electric...

Despite the last COP in the United Arab Emirates ending with an unprecedented call to "transition" away from fossil fuels, an analysis by the NGO Global Witness based on data from Rystad Energy shows that the upcoming COP29 host aims to hike its gas production from 35 billion cubic meters...

Strasbourg, France - The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the bloc's transition to a greener future was clouded by a widespread farmers' revolt. "Based on the best available science, and a detailed impact assessment, we are recommending that the 2040 target...

The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a white paper.

"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair, and realistic transition to a zero-carbon energy system. It also set, for the first time, specific time-bound goals to triple the capacity of renewable energy sources by 2030," he adds.

"The UAE’s priority (amid the ongoing Gaza conflict) is to work towards reaching a ceasefire, safeguarding the lives of civilians, providing sufficient and sustainable relief and medical aid, and to avoid a regional spillover that would threaten security and stability in the region," he adds.

The International Energy Agency said that the renewable energy capacity added to energy systems went up 50 percent in 2023, touching almost 510 gigawatts, with solar PV accounting for three-quarters of additions worldwide. Nearly 200 nations at the COP28 summit last month agreed to transition away from fossil fuels.

Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively successful COP28 to space, the country achieved several milestones. Sustainability drive - 28th UN Climate Change Conference's (COP28) culmination in the historic ‘UAE Consensus' on climate change, which was adopted...

In 2023, Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait collectively advanced in technology and sustainable development, achieving global integration.

Geneva, Switzerland - The head of the WHO said on Tuesday the world needs to properly prepare for future pandemics after finally ending three years of Covid "crisis, pain and loss." In his end-of-year message, World Health Organization director-general Tedros Adhanom Ghebreyesus said 2023 had marked a turning point in fighting...

MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National Hydrogen Strategy.

ABU DHABI, UAE – Airports in the country witnessed a 15 percent increase in air traffic during the 28th Conference of the Parties (COP28) held at Expo City Dubai, said Director-General of the General Civil Aviation Authority (GCAA) Saif Mohammed Al Suwaidi. In a statement to the Emirates News Agency...

World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and economic challenges.

The MENA Oceans Network, launched at the COP28, marks a pivotal step in addressing urgent ocean-related challenges in the region, says Tatiana Antonelli Abella of Goumbook.

Antoine Samaha of BCG applauds the launch of a Loss and Damage Fund for developing countries, emphasizing the need for efficient, equitable climate funding.

Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed bilateral ties with Recep Tayyip Erdogan, President of Turkey. The two explored boosting cooperation to achieve further prosperity for the UAE and Turkey, local media reports said. Al Nahyan and Erdogan also exchanged views on various regional...

PARIS, FRANCE - While the UN's COP28 climate summit marked a pivot moment, when the world pledged to say "goodbye" to fossil fuels, International Energy Agency chief Fatih Birol told AFP on Friday, it needs to now urgently boost finance for the energy transition in developing countries. Birol welcomed the landmark...

The latest forecast came after nearly 200 countries at the COP28 UN climate talks adopted a deal stating that the world will be "transitioning away from fossil fuels" to achieve net-zero emissions by 2050 and limit global warming. Coal is the largest energy-related source of the CO2 emissions responsible along...

Dubai, UAE - An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes among the major producers of the Gulf, where the deal was hammered out. After the UN's COP28 climate talks in Dubai, Saudi Energy Minister Prince Abdulaziz bin Salman immediately played...

Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to align 100 percent of new operations with the goals of the Paris Agreement.

With a 40% increase in clean energy investments since 2020 and a focus on innovative policies, the global community is making strides towards a greener future, says an expert.

Dubai, UAE--Expo City Dubai and Universal Materials Incubator (UMI), a Japanese venture capital firm, have teamed up to identify and support groundbreaking startups, particularly those in the technology and sustainability sectors, establishing an incubation and accelerator programme that will nurture innovators and provide mentorship, resources and workspace. The two parties...

DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate action and its environmental costs. Data-driven technologies like the Internet of Things, robotics and artificial intelligence (AI) can enhance climate change monitoring, optimize energy use and production processes, and promote...

COP28 has debated a historic first-ever global "phase-out" from oil, gas and coal, the main culprits in a planetary crisis of warming. A draft put forward on Monday by COP28 president Sultan Al Jaber fell well short, instead presenting reductions in fossil fuels as one of several options.

DUBAI, UAE – Public-private partnerships have the potential to play a significant role in mobilizing private financing for environmental solutions, said Merilin Horats-Beasley, Senior Climate Policy Officer at the European Investment Fund (EIF), Europe’s largest financier of venture capital and private equity. Speaking to TRENDS during The United Nations Climate...

An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions, WEF's Kimberley Botwright tells TRENDS.

UAE's launch of Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, WEF's Tania Strauss tells TRENDS.

“We will work to create about 135,000 jobs in the field of green transition worldwide, and therefore ensuring that there are sufficient skills and a sustainable supply of skills among youth to fill those jobs will be very vital. We are doing a lot of training on environmental and social...

Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually, according to Valerie Hickey, Global Director for Environment, Natural Resources and Blue Economy at the World Bank. Speaking to media at COP28, she said that low-income countries could lose around...

US climate envoy issued the warning after COP28 president Sultan Al Jaber proposed a draft deal that did not include a phase-out of fossil fuels, disappointing the United States, the European Union and low-lying islands most vulnerable to climate change. Kerry told ministers that many participants have called for the...

The draft no longer mentioned a "phase-out". The text prepared under COP28 president Sultan Al Jaber, the head of the UAE's national oil company, was released on the eve of the final day of the annual climate conference in Dubai.

The firms will collaborate on nuclear energy technologies.

Global coalition and trillions of dollars are required to prevent escalating human deaths due to climate change, Dr. Shyam Bishen of the World Economic Forum tells TRENDS.

Dubai, UAE-- The International Islamic Trade Finance Corporation (ITFC) is looking to ramp up its sustainable and green financing to nearly 30% of its total financing portfolio. This was stated by Hani Salem Sonbol, CEO of the ITFC, affiliated with the Islamic Development Bank Group. Speaking to the Emirates News...

Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al Suwaidi, COP28 Director-General and Special Representative, noting that they hosted a stocktaking plenary to outline progress made at the technical level and hear feedback on building areas of convergence. During...

Negotiators have failed to produce a new draft agreement since the last text was released on Friday. The document includes four different paths out of fossil fuels, but it also has a fifth option: leaving the issue out of the final deal.

Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick tells TRENDS.

"The UAE launched the 'Trade Tech Initiative' in partnership with the World Economic Forum. The initiative aims to accelerate the digitization of international supply chains, enhance customs procedures, improve developing countries' access to the global trading system, and spur a new era of trade growth," he adds.

With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give their views in a "majlis" -- a traditional Gulf Arab meeting held in a circle. While Jaber called the gathering in an effort to produce a compromise, warning that "failure...

With the conference in Dubai due to officially end on Tuesday, COP28 president Sultan Al Jaber urged the nearly 200 nations at the talks to "show flexibility, to act with urgency and to find the common ground". Jaber told reporters that lack of progress or "watering down my ambition" was...

Colombia, whose left-leaning government has aggressively promoted environmentalism, warned that COP28 was also failing on raising financing for countries to adapt to the effects of climate change. If countries block "goals on adaptation but at the same time oppose the phase out fossil fuel, they need to be held accountable....

The demonstrators chanted "Climate justice!" and "Ceasefire now!" as they held pro-environment banners painted in the colors of the Palestinian flag in their hands. Mexican activist Isavela Lopez said, "It's the same fight, it's the same thing -- it's colonialism, it's genocide,"as she described the links between climate injustice and...

“Our appeal is that children and youth are integral to any discussion, debate, negotiation in a meaningful, participatory, and intentional way. Here in Dubai for COP, we’ve seen massive youth and children delegations,” adds Carla Haddad Mardini, Director of Private Fundraising and Partnerships at UNICEF.