After the COP26 conference in Glasgow, how are climate change, rapid growth, and conflict devastating the environment? Let’s read the answers written by Middle East Eye. The United Nations Climate Change Conference – better known as COP26 – convenes in Glasgow for governments to take action against the growing climate crisis facing the planet. There […]
A new economic crisis has already touched you – try to order a PlayStation 5, a new iPhone, or car! A shortage of electronic equipment threatens the world. Let’s get to know what happens, thanks to Babel’s explanation. Today, almost everything works on chips – from an electric toothbrush to a car. Since last year, […]
In early October 2021, the gas price set an absolute record – $1,969 per thousand cubic meters. Now it has dropped again – on October 25, fuel on the exchange is traded at $1,115. This does not mean that everything will be fine now – this year, prices are constantly jumping. Due to the shortage […]
The Pearl Initiative, in partnership with the Philanthropy Network, has concluded a year-long virtual webinar series that highlighted the capabilities philanthropy has in driving new and innovative solutions to address unprecedented global concerns, such as COVID-19, and the relief efforts to mitigate their impact, WAM reports. Key featured international speakers included Dr Lawrence H. Summers, […]
A new report produced by Oxford Business Group (OBG) in partnership with Alkhorayef Petroleum explores the crucial role that digitalization and innovation are poised to play in the global oil industry’s recovery, Times of Oman states. The “Oil & Gas Services: Post-Pandemic Prospects” report, part of OBG’s Covid-19 Response Report (CRR) series, provides data-driven analysis […]
In Europe, there is a shortage of natural gas and a fivefold increase in gas prices before the onset of winter. In addition, the northern hemisphere has now added oil shortages, Euronews states. Experts warn that in the event of severe frosts, heat bills could increase by 40%. Gas prices rose due to growing industrial […]
Let’s have a look on the important document about the impact of COVID-19 on environmental sustainability in Iraq. It’s the fifth in a series released by UNDP on the effects of COVID-19 in Iraq. The authors emphasize how the pandemic has exacerbated Iraq’s environmental fragility. It was already affected by legacies of conflict, lack of […]
Power has been restored in Lebanon, officials say, after a 24-hour shutdown of the country’s energy supply, BBC reports. The energy ministry says the central bank has granted it $100 m of credit to buy fuel and keep its power stations operating. The power grid shut down on October 9, and officials said it was […]
In the immediate aftermath of the global crisis caused by the coronavirus pandemic, many countries faced energy shortages, Bloomberg states. In the UK, there is an acute shortage of fuel, due to which gas stations are closed, and huge queues line up at workers. Store shelves are emptying due to a shortage of drivers. After […]
China is implementing power rationing as supplies dwindle due to the price rise of imported coal. Let’s get to know what happens, thanks to The Guardian. The situation is widespread. In recent days, factories in 20 of China’s 31 provinces have suffered a loss of power, forcing many to shut down production, at least for […]
