But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century, researchers reported in the journal Nature. The study projects that -- absent climate impacts after 2020 -- global GDP would double by 2050 from $100 trillion in 2022.

"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.

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.

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...

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....

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The fate of humanity depends on the decisions made at this COP. I urge you to take the lead. The fate of humanity hangs in the balance. Make this COP count,"...

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The fate of humanity depends on the decisions made at this COP. I urge you to take the lead. The fate of humanity hangs in the balance. Make this COP count,"...

The SUVs produced by Toyota, Volkswagen, and Hyundai-Kia have all posted sales increases of more than 150% over the past decade, meaning the companies are moving "in the opposite direction" of efforts to curb CO2 emissions, Greenpeace said. The analysis came out a day before the COP28 climate summit is...

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...

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...

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...

“To achieve our climate objectives, every segment of the economy, including retail, must work towards a greener future. The upcoming COP28 will see UAE businesses actively participating, not just observing. They will demonstrate that businesses are integral to the climate solution,” she adds.

"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.

The Green Climate Fund (GCF) was set up as part of the landmark 2015 Paris Agreement to funnel grants and loans to developing countries for adaptation and mitigation projects in a warming world. The fund plays a part in the promise by rich countries to supply $100bn of climate finance...

This ambitious strategy, commissioned by the ASEAN Member States and with the support from the Australia for ASEAN Futures (AUS4ASEAN) initiative, frames the need for ASEAN to pursue carbon neutrality with utmost urgency, and in doing so unlock the huge value potential of a green transformation of the region.

Riyadh, Saudi Arabia--Saudi Arabia will host the MENA Climate Week 2023 in Riyadh on October 8-12, in coordination with the United Nations Framework Convention on Climate Change (UNFCC). The MENA week’s activities and events will be “Global Stocktake” to assess the progress made towards realizing the climate changes objectives outlined...

The oil-rich Gulf monarchy, which will host this year's COP28 UN climate talks, last week unveiled plans to cut domestic emissions by 19 percent of 2019 levels by 2030. Under these plans, the UAE would contribute to keeping warming to "just below" 2.0 degrees Celsius above pre-industrial levels, the UAE's...

“We need greater cooperation is scientific research and innovation. Research and innovation are not only imperative for national and global development, but also for the common welfare of humankind. They are enablers for inclusive, equitable and sustainable growth,” she tells more than 100 delegates from 29 G20 countries.

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)...

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.

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.

Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over $500 billion each year to maintain a steady supply, Al Ghais said.

BP in February announced that it expected to boost its profits between now and 2030 by investing more in both renewable energy and hydrocarbons, slowing the pace of its transition. Environmental group Greenpeace, which only last year was calling BP "the most ambitious" of the global majors, criticised the plans,...

Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar, and Finnish investment and asset management group Taaleri, has announced the formal inauguration of the 200-megawatt (MW) Baynouna Solar Park – the largest clean energy project in Jordan. The inauguration...

Dozens of countries will meet next month to try and hammer out a new biodiversity framework to protect animals and plants from destruction by humans, as scientists warn the world is potentially facing its sixth mass extinction event. Only two of the 22 targets in the so-called post-2020 framework have...

Saturday's stunt in Madrid was the latest increasingly daring action taken by climate activists to grab the headlines, including throwing soup on Vincent van Gogh paintings in London and Rome, and mashed potatoes on a Claude Monet masterpiece.

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.

The UAE ranks highest among GCC economies and 12th overall in the first edition of the Circular Carbon Economy Index that focuses on energy management of the countries.

Egypt's environment minister Yasmine Fouad said that Egypt will also remind rich countries of the industrialized world of their unfulfilled aid pledges, at the COP27 summit in the Red Sea resort of Sharm el-Sheikh. The country seeks to represent Africa which shares little of the blame for global warming but...

Egypt hopes to jump-start the action needed to face a warming world when it takes the presidency of major UN climate talks in November but warns that countries need a "reality check" as progress stalls. Presiding over the inflection point when a decades-long United Nations climate process switches from negotiation...

The world needs "early, aggressive and sustained" government intervention to cut aviation emissions if Paris Agreement temperature goals are to be met, a think tank said Thursday. The 2015 Paris climate treaty enjoins nations to cap global warming at "well below" two degrees Celsius, and 1.5C if possible.

India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total volume of the UAE's trade with the world, and 13 percent of the UAE's non-oil exports.

The world has seen a crescendo of deadly extreme weather amplified by rising temperatures -- heatwaves, wildfires, flooding, storms.

The past seven years have been the hottest on record, the United Nations confirmed Wednesday, adding that 2021 temperatures remained high despite the cooling effect of the La Nina weather phenomenon. "The warmest seven years have all been since 2015," the UN's World Meteorological Organization said in a statement. And...

The emission reduction is expected to take place through upcoming contracts in solar energy field.

Dedicated experts at COP26 hailed solid even historic advances in beating back the existential threat of global warming.

Overall, CO2 pollution this year will be just shy of the record set in 2019, according to the annual report from the Global Carbon Project consortium, released as nearly 200 nations at the COP26 climate summit confront the threat of catastrophic warming.

The national drive aims to achieve net-zero emissions by 2050, making the UAE the first MENA to do so.

The roundtable comes less than six weeks before a major United Nations climate meeting, COP26, in Glasgow.

Turkey has sought a change in a UN climate framework so it won’t have to supply technology to developing countries