climate change

ADIPEC 2024: Microsoft supports energy transition towards more sustainable future 

The booth features a Surface Zone and demo arena for attendees to explore Microsoft’s solutions for operational and environmental goals 

Global climate investment gap projected at $2.7 trillion annually by 2030, warns Moody’s

The report noted that investment has risen since the Paris Agreement, but reaching net zero by 2050 needs much more effort 

FII8: Saudi Arabia strengthens framework for high-integrity carbon markets to achieve national emission reduction targets

Strategic collaboration between the Regional Voluntary Carbon Market Company, Clean Development Mechanism Designed Authority

COP29 critical for shaping future climate contributions: IRENA director-general

La Camera stressed the urgent need for $31.5 trillion in investments in renewable energy, grids, resilience measures, and energy efficiency by 2030

UAE signs two agreements with IMF to support PRGT, RST funds

At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco

CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected 

UAE’s PMO formalizes agreements to enhance strategic intelligence for We the UAE 2031

New platform to leverage AI and insights from 2,500 experts and 450 data sources to create government strategies

Abu Dhabi’s Masdar, Presight forge partnership to create AI-driven asset management tool

Masdar aims to digitize its global operations, transitioning from a reactive to a predictive model

Abu Dhabi’s Borouge delivers 700,000 tons in first year under Etihad Rail agreement

Since September 2023, over 36,000 Borouge containers have moved from Al Ruwais to Khalifa Port

COP28 President urges global unity and action at COP29 to advance climate goals, build on UAE Consensus

The UAE Consensus serves as a crucial roadmap for fulfilling the aspirations of the Paris Agreement 

More than a marketplace: Rebound’s recycling platform is revolutionizing waste management

Boasting zero-percent commission, real-time certification, and environmental impact assessments

Oil prices rebound as market reacts to U.S. inventory surge, Middle East tensions ease

Brent crude futures for December delivery climbed 0.6 percent to $77.63 per barrel

Oil prices retreat amidst ongoing concerns over Middle East conflict, hurricane impact

Brent crude futures for December delivery dropped 0.6 percent to $80.42 a barrel

Abu Dhabi’s Masdar expands clean energy to 31.5 GW, generating 26,700 GWh and avoiding 14 million tons of CO2e

This is up from 10 million tons last year, equivalent to removing nearly 870,000 vehicles 

$1.1 billion available for investment, funding requests from member countries: World Green Economy Organization

Funds are sourced from private sector investors and organizations eager to invest in green economy projects

Growth of low-emissions hydrogen projects outpaces policy support: Report

Urgent policies are needed to boost demand in heavy industry, refining, and long-distance transportation 

WEF introduces innovative digital platform to boost clean energy investments in emerging markets

The platform outlines 100 policy measures, financial mechanisms, and de-risking strategies from the past two decades

DAMAC Properties strengthens commitment to sustainability at DEWA’s WETEX 2024 with innovative solutions

DAMAC launched its first Sustainability Report which highlights the organisation’s key ESG goals and vision

UAE commits $30 million to boost Ghana’s biodiversity and climate initiatives

The framework outlines six key investment areas, including biodiversity corridors, reforestation

Governments allocate nearly $2 trillion in direct clean energy investment since 2020: IEA

This amount is nearly three times the funding committed after the financial crisis of 2007-08

UAE reaffirms commitment to advancing green infrastructure, private capital mobilization

Urgency of climate action demands that countries prioritize climate-resilient infrastructure while unlocking the potential of private capital

COP28 President calls for ambitious NDCs to keep 1.5°C goal within reach, drive socioeconomic growth

Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event