"This declaration is the moment when food truly comes of age in the climate process, sending a powerful signal to the nations of the world that we can only keep the 1.5 degree goal in sight if we act fast," said the group's CEO Ani Dasgupta.

Among the host country's guests are Bill Gates and Antoine Arnault, the son of LVMH boss Bernard Arnault, the second richest man in the world after Elon Musk, according to Forbes magazine.

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh Mohamed bin Zayed Al Nahyan unveiled a $30 billion fund dedicated to global climate solutions. He said UAE has plans to invest $130 billion over the next seven years to...

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but a less visible lineup of powerful state companies dominates the industry. They will all share the limelight at the UN climate talks that opened Thursday in Dubai, as COP28 president...

Dubai, UAE - The Green Zone at the COP28, overseen and managed by the conference presidency team, serves as a central hub for climate-related activities, enriching the experience for visitors to the world's premier climate event hosted by the UAE. It facilitates constructive dialogues on climate action, welcoming participants from...

The spotlight now turns to more than 140 kings, presidents and prime ministers who will address delegates at the sprawling Expo City Dubai complex on Friday and Saturday. Britain's King Charles III will kick off those addresses, followed by leaders from nations including the likes of Brazil, Kenya, Tonga and...

“COP28 is attracting significant interest from various participating countries and will serve as an important forum for climate enthusiasts. This reflects the commitment of people who are eager to enact change and preserve the planet by taking serious steps towards a better future,” President Whipps adds.

In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental sustainability and reducing carbon footprints.

Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking off a programme of over 70 sessions on interfaith cooperation on climate action. Head of the Isha Foundation and founder of the Save Soil movement will present his vision on...

Dubai, UAE--Rising sea levels, vanishing Arctic landscapes, fading coral reefs, acidic oceans, and raging forest fires are common occurrences today. Climate change is escalating its aggressive posture before a full scale assault on humanity. A new study found that it costs the world $16.3 million per hour. On November 17,...

Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders from November 30 to December 12, to unite over a vision for the global fight against climate change. Climate change is an indiscriminate killer that has not spared a country...

With nations' actions falling far short of the Paris Agreement's most ambitious target of limiting global warming to 1.5 degrees Celsius, some countries have called for the COP28 final statement, which requires unanimous agreement, to explicitly call for a reduction in fossil fuel consumption.

The discussions between the UAE president and the Cuban president at Expo City Dubai focused on cooperation in various fields particularly in the economic, investment, developmental, renewable energy, and sustainability sectors, aiming to broaden their scope to fulfil the aspirations of both nations for development and prosperity.

"At COP28, governments need to focus on two timeframes: an immediate surge in climate action and a springboard for the next crucial two years and beyond. In Dubai, governments must determine which bolder actions are necessary and how to implement them. COP28 must be more than a photo opportunity," he...

COP28 UAE provides a crucial chance to reevaluate and intensify efforts, as experts urge pragmatic energy transition strategies to meet the 2030 emissions reduction target.

Fujairah, UAE - High in remote mountains in the oil-rich Emirates, a new plant will soon take atmospheric CO2 and pump it into rock -- part of controversial attempts to target planet-heating emissions without abandoning fossil fuels. Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon...

"ADX's crucial role in bridging investors with companies, fostering growth opportunities, and reinforcing the UAE and Abu Dhabi's status as global investment centers helped in a increased listings and offerings this year," he adds on the sidelines of the Environmental, Social, and Governance (ESG) index launch at Abu Dhabi Finance...

Out of the 12, countries in the Horn of Africa were most affected, with Ethiopia and Somalia accounting for about half of the 27 million children facing hunger, Save said.

Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the total 2023 GDP of the developing world, in the last 30 years, the report said. The authors specify that losses are "conservative estimates" because the analysis does not account for...

As global temperatures tick higher, with this year on course to be the hottest on record, the UAE is changing its building designs and urban planning to create cooler living environments, even outdoors, Almheiri said.

ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator Financing (ETAF) platform to accelerate the financing and drive funding of renewable energy projects in developing countries. The ETAF platform is a global climate finance facility established by the International...

Some 70,000 people including national leaders and Pope Francis are expected at COP28 as it opens Thursday, in what could be the largest United Nations climate summit ever. Schedules released by the White House for Biden and Vice President Kamala Harris showed neither heading to Dubai this week.

Baghdad, Iraq -- Sixty percent of farmers surveyed in four provinces of drought-hit Iraq reported having to reduce cultivated areas or water used, an international rights group said Sunday. The Norwegian Refugee Council called on the Iraqi authorities to improve governance of water resources in the country that has been described...

Riyadh, Saudi Arabia -- An overwhelming 80 percent of consumers across 16 diverse nations now identify climate change as the foremost global challenge, according to a study conducted by GSMA Intelligence in collaboration with Huawei. The participating countries, including Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia,...

“We would like the UAE to be a partner in our current process of investing in infrastructure. It is a marriage that pleases both parties. They are interested in investing in long-term projects, lasting twenty or 30 years, such as ports, highways, airports, and the food security sector. And we...

Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at the negotiations, saying private sector engagement was essential to curb global heating. "Everyone needs to be part of this process and everyone needs to be held responsible and everyone needs...

Paris, France--Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, according to a major new special report from the IEA. The report shows how the industry can take a more responsible...

Dubai, UAE--Dubai will host a gathering of international corporate governance experts at the upcoming ICGN-Hawkamah Conference, themed 'Capital, Companies, and COP28.' Taking place over two days starting November 28th at the Dusit Thani Hotel, the conference will serve as a prominent platform for governance leaders, experts, and industry luminaries to...

Paris, France--The International Energy Agency on Thursday called on oil and gas companies to devote half of their investments to clean energy by 2030, urging them to face a "moment of truth" at next week's COP28, the largest UN climate change conference ever held. The IEA urged producers to make the...

"This significant growth is driven by a combination of factors, including the impact of the pandemic and the sustainable recovery initiatives in the United States, European Union, and China,” she adds, highlighting that investors are increasingly applying non-financial factors to analyze and identify material risks and growth opportunities.

Jakarta, Indonesia - Indonesia on Tuesday launched an investment plan to attract $20 billion pledged by Western nations in a renewable energy transition pact agreed last year for the archipelago to slash emissions and wean itself off coal. The roadmap, which comes less than two weeks before the COP28 summit in...

Methane -- which is potent but relatively short-lived -- is a key target for countries wanting to slash emissions quickly and slow climate change. That is particularly because large amounts of methane are simply leaking into the atmosphere from fossil fuel infrastructure.

DUBAI, UAE - Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region and steering investment and financial requirements towards a more environmentally responsible approach. Bashar Al-Natoor, Global Head of Islamic Finance and Managing Director at Fitch Ratings, expressed optimism...

Paris, France -- National climate policy action across the countries that produce nearly two-thirds of total greenhouse gas emissions only increased by 1 percent in 2022, the lowest annual growth recorded since 2000, and reflecting a deceleration in ambitions to meet the Paris Agreement temperature goals amid growing energy security...

The UN's World Meteorological Organization said levels of the three main greenhouse gases -- the climate-warming carbon dioxide, methane and nitrous oxide -- all broke records last year.

Dubai, UAE -- As world leaders and climate experts gear up for the COP28 climate summit scheduled to take place in the United Arab Emirates (UAE), the latest data on global climate conditions issues a compelling and urgent call to action, an expert has said. The National Oceanic and Atmospheric...

Paris, France-- The UAE has made a fervent appeal to members of the United Nations Educational, Scientific and Cultural Organization (UNESCO) to join the country and its group of friends to lead climate efforts on the occasion of the UAE hosting COP28 in Expo City Dubai from 30th November to...

Dubai is actively implementing climate adaptation strategies and technologies in transportation and infrastructure to mitigate climate change effects and enhance the city's resilience.

Riyadh, Saudi Arabia - Saudi Arabia said on Thursday that policies to address climate change should not "crush the bones" of countries grappling with energy poverty, ahead of the COP28 climate talks in Dubai. Speaking at a conference on economic cooperation with Africa, the Gulf kingdom's energy minister Prince Abdulaziz bin...

The emirate’s solar energy capacity has increased by over 100 times in the past decade, and the cost of solar energy has fallen dramatically. It is now one of the cheapest places in the world to generate solar power.

Most of the world's leading producers of fossil fuels have pledged to achieve "net-zero" emissions by midcentury -- a target that should align with the Paris Agreement's aims to limit global warming. But the annual UNEP report makes it clear that the production plans of the top 20 producing countries...

Dubai, UAE-- Describing the COP28 as a huge moment for the world and the UAE, Andrew Griffith, Economic Secretary to the UK Treasury, said the whole world's eyes "will be here." Speaking to the media in Dubai, he said that sustainable finance will be central to the global event. He...

To encourage renewable energy, Iraq's Central Bank in 2022 announced the allocation of $750 million in almost zero-interest loans for individuals and private companies adopting solar power. But the initiative is "stalling due to a lack of cooperation from banks", according to Mohamed al-Duleimi, an expert in renewable energies.

Abu Dhabi, UAE - Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks on Tuesday, one month before COP28 in Dubai where delegates look set to tussle over the future of fossil fuels. Around 70 ministers have gathered since Monday at the Emirates...

ABU DHABI, UAE -  Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale, the conference's chief said on Monday, calling it a chance to "reimagine entire economies". Sultan Al Jaber, the COP28 president and head of state-owned oil giant ADNOC, was speaking at...

Paris, France -- Facing record-shattering temperatures and a geopolitical tinderbox, countries are scrambling to lay the groundwork for crucial UN climate talks next month tasked with salvaging global warming goals laid out in the landmark Paris deal. Ministers meet next week in the United Arab Emirates to grapple with flashpoint issues,...

"Without policy intervention, direct and indirect emissions from air conditioning and refrigeration are projected to rise 90 percent above 2017 levels by the year 2050," a UN report warned in 2020.

"The UAE's financial markets are proactively broadening sustainable finance options. The Dubai Financial Market has rolled out regulatory frameworks for environmental, social, and governance reporting, urging listed companies to enhance ESG information disclosure and adopt ESG reporting practices," she adds.

Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a powerful call to public and private investors to play a role in reshaping the world economy, and seize the emerging opportunities offered by the energy transition, transformation of the agrifood...

"Hosting global events serve as crucial platforms, uniting experts and specialists from diverse sectors. They offer opportunities for communication, opinion exchange, experience sharing, and showcasing the latest products and services. The major economic events hosted by the UAE play a pivotal role in bolstering various economic sectors," he adds.