Climate change is one of the biggest challenges that central banks and financial institutions worldwide face. They should work together to mitigate climate risk and boost the global economy’s resilience, the governor of the Central Bank of the UAE said. Central banks and other financial regulatory authorities should continue to develop “safe and effective” supervisory […]
On Tuesday, British Prime Minister Boris Johnson set out his ambition for a green revolution that he hopes will force Western economies to kick their addiction to fossil fuels. At the end of the month, Britain hosts the COP26 UN climate talks in Glasgow, Scotland, aiming to strengthen global action on global warming. “With the […]
The concentration of carbon in the planet’s atmosphere has reached a record high, DPA-international states. This figure is higher than the average growth recorded during 2011-2020. The World Meteorological Organization (WMO) in Geneva said that due to the economic slowdown caused by the coronavirus pandemic, new emissions actually fell by 5.6% last year. However, according […]
As climate conference Cop26 approaches, Turkey should be doing more to help its environment, experts say. Let’s check the National News article on this issue. From a distance, eastern Turkey’s White Lake still looks wet. A greenish residue left behind by its waters creates a mirage from the hills above, but get closer and all […]
The United Arab Emirates became the first Gulf country to announce a goal of carbon neutrality by 2050. The UAE prime minister has said the government plans to invest $165 billion in clean energy by 2050. What have other essential issues been discussed at climate negotiations for 25 years in a row? Let’s get know […]
The largest climate event, the COP26 Climate Negotiations, will begin in Glasgow on October 31. At the 26th Annual Congress, delegations from more than 190 countries will discuss how to tackle the global climate crisis, how to reduce greenhouse gas emissions and, most importantly, how to encourage governments to take responsibility for and counter the […]
This summer’s record-breaking heatwave in the American northwest offered a reminder – as if it were needed – of what anthropogenic climate change will mean for living conditions now and in the future. Average global temperatures have already risen to 1.2° C above pre-industrial levels and could increase by another 5° C over the next […]
The 26th United Nations Conference on Climate Change will definitely impact the environmental debate that humanity currently has. How exactly – the world will understand in early November 2021. But the need to slow global warming will remain unchanged. Until there are immediate, rapid, and large-scale reductions in greenhouse gas emissions, we will not contain […]
The First Abu Dhabi Bank (FAB) has announced that it is joining the Net-Zero Banking Alliance (NZBA), becoming the first UAE and GCC bank to join the alliance, WAM reports. As part of this commitment, FAB will enable its clients to transition towards a climate-neutral economy through innovative financing and advisory services. FAB puts sustainability […]
SULB, a steel producer serving international markets, announced the successful inauguration of the newly constructed Wharf, BNA reports. The new private port facility, located at Salman Industrial City in Hidd, is set to significantly enhance the company’s supply chain and deliver strong environmental and economic benefits for Bahrain and its customers. High level dignitaries, SULB’s […]
