INSEAD-Day

greenhouse

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.
  • Paris, France -- World coal use is set to reach an all-time high in 2024, the International Energy Agency said Wednesday, in a year all but certain to be the hottest in recorded history. Despite calls to halt humanity's burning of the filthiest fossil fuel driving climate change, the energy watchdog...
  • World resource extraction could surge 60 percent by 2060, UN warns

    Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the UN said on Friday, calling for dramatic changes in energy, food, transport and housing. Enormous expansion of infrastructure, energy demand and consumer consumption over the last half century, particularly in...
  • Global LNG demand to rise more than 50 percent by 2040: Shell

    "Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tons a year in 2040, according to the latest industry estimates," Shell said in a report.
  • EU seeks 90 percent drop in greenhouse emission by 2040

    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...
  • China pushes for ‘acceptable’ to all deal on fossil fuel at COP28

    Despite efforts by the OPEC oil cartel to block any text targeting fossil fuels at COP28, Chinese envoy Xie Zhenhua told reporters that "some progress" has been made on the issue. "If we do not resolve this issue, I don't see much chance in having a successful COP28," he said.
  • 134 nations to put food, agriculture in national climate plans

    "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.
  • UN says greenhouse gas emission reach all time high in 2022

    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.
  • COP28 summit targets 68% cooling emissions cut by 2050

    "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.
  • IEA forecasts energy demand to reach record high this decade

    The IEA's annual World Energy Outlook, due out next month, will show that "the world is on the cusp of a historic turning point," executive director Fatih Birol wrote in the FT.
  • World falling dangerously short of climate goals: UN report

    Paris, France - A world facing catastrophic climate change is perilously off course in meeting goals for slashing carbon pollution and boosting finance for the developing world, according to the UN's first official progress report out Friday. The 2015 Paris treaty has successfully driven climate action, but "much more is needed...
  • Enbridge inks $14bn pact

    The deal will make it North America's largest natural gas supplier.
  • ADQ ties up with Dutch firm to set up greenhouse at AgTech Park in KEZAD

    Abu Dhabi, UAE-- In a boost to the UAE's effort to secure self-sufficiency in the food sector, ADQ has partnered with Safe Haven Solutions, a Netherlands-based climate-smart agriculture solution provider, to construct a high-tech greenhouse at ADQ’s AgTech Park in KEZAD. The automated 10-hectare facility will leverage advanced agricultural technology...
  • ‘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...
  • COP28 chair Sultan Al Jaber urges energy firms to cut emissions

    Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the industry must "urgently decarbonize its operations and take collective action to eliminate operational emissions".
  • 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."
  • 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...
  • New tech taps oceans to tackle global warming

    Scientists from University of California Los Angeles are working on a project aimed at using the oceans as a big sponge for carbon dioxide.
  • European Union deal to nearly double renewable energy by 2030

    The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the share of renewable energy to 42.5 percent, from 22 percent today. The EU has set an ambitious target to become a "climate neutral" economy by 2050, with net-zero greenhouse gas...
  • EU closer to banning fossil fuel car sales after Berlin lifts veto

    Brussels, Belgium - The 27 EU member states approved Monday a deal between Brussels and Germany that lifted Berlin's block on a planned phaseout of sales of new fossil fuel cars by 2035. A spokesman for Sweden, which holds the EU presidency, said ambassadors backed the agreement. Energy ministers are expected...
  • UN moves towards real-time tracking of greenhouse gases

    The UN announced that it had taken a significant step towards trying to fill a key gap in the fight against climate change: standardized, real-time tracking of greenhouse gases. The UN's World Meteorological Organization has come up with a new Global Greenhouse Gas Monitoring Infrastructure that aims to provide better...
  • Majid Al Futtaim among firms to halve real estate emissions by 2030

    These companies also pledged to reach net-zero carbon no later than 2050. With buildings contributing 38 percent of all energy-related greenhouse gas emissions, leaders across all industries have a critical role to play in lowering their global real estate emissions, the World Economic Forum said in a statement.
  • Germany uses more renewable energy, still falls short of CO2 goal

    The setback comes despite a record 4.7 percent drop in energy consumption last year, partly in response to soaring fuel prices because of the war in Ukraine. But the energy saving gains were wiped out by the government's decision to burn more coal and oil to make up for the...
  • DEWA’s new project cuts 44,000 tons of carbon emissions annually

    The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer by using chilled water to cool the inlet air to gas turbines.
  • 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.
  • First phase of ADNOC Refining’s WHR project nears completion

    ADNOC Refining's Waste Heat Recovery (WHR) project is designed to capture exhaust heat from the gas-powered turbines at ADNOC Refining's General Utilities Plant.
  • 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.
  • 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...
  • Two new solar projects to double Qatar’s renewable energy output

    Qatar on Tuesday announced two major solar projects that will more than double its energy output from the renewable source within two years. Energy Minister Saad Sherida al-Kaabi hailed the new development as a major step in efforts to "increase the reliance on high-efficiency renewal energy" in the Gulf state,...
  • Eni reports Q2 net profit of US$3.9bn

    Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices soared in the wake of the Russia-Ukraine crisis.
  • Fertiglobe revenue grows by 118 percent

    The company raised its H1 2022 dividend guidance to at least $700 million.
  • China dumps 15 coal plants abroad after Xi pledge: study

    More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants, but loopholes could allow 18 others to still go ahead, according to a study published Friday.
  • EGA, Ma’aden tech cooperation

    The two will explore potential collaboration in the aluminum value chain.
  • US military coalition hits rocket launch sites in Syria

    None of the three attacks in less than 48 hours resulted in casualties but came as Iraq marked the second anniversary of the US assassination of Soleimani.
  • EGA to decarbonize its GE gas turbines for achieving UAE’s net-zero goal

    Emirates Global Aluminium (EGA) and GE Gas Power have signed an agreement to reduce greenhouse gas emissions from EGA’s existing GE natural gas turbines. The decarbonization roadmap will include exploring options for replacing natural gas with hydrogen and hydrogen-blended fuels for combustion in EGA’s GE turbines, as well as integrating...
  • GCC fertilizer use up in pursuit of food goals

    The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more food locally. Indoor vertical farming is changing the course of agriculture in the GCC and helping to improve food security in the region.
  • Saudi company using salt water to grow crops bags $10 million investment

    A patented system of solar and growth monitoring technologies allows use of salt water for cooling greenhouses, irrigating crops