Tag: economy

    COP26: what is SDG or NDC? Guide to the language you need to know
    09 Nov 2021

    If you’ve been following the UN for any period, you will quickly notice the plethora of acronyms, initializations, and jargon that abound across the Organization. There will be plenty more to confuse you at COP26 (a classic example in itself). So we’ve found a UN handy guide to help you make sense of some of […]

    Online participation in Oman Green Hydrogen Summit is now free for students, non-corporates
    09 Nov 2021

    The organizers of the Green Hydrogen Summit Oman (GHSO) have now opened up online access to the high-profile event, without the registration fee, to a broad segment of interested individuals with a stake in supporting a clean energy future for Oman and the wider world, Oman Observer reports. GHSO, the nation’s premier international forum on […]

    COP26, Day 7: “What do we want? Climate justice! When do we want it? Now!”
    08 Nov 2021

    One hundred thousand participants gathered in the climate march in Glasgow at COP26, BBC states. Saturday at the climate summit was dedicated to agriculture and conscious land use. Industrial agricultural production is one of the primary sources of CO2 emissions on the planet, with 1/3 of all manufactured products we simply throw away, WWF states. […]

    Do you like jokes about “chipping”? Still, there’s a crisis of microchips worldwide

    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, […]

    There’s an energy crisis in the world – the price of gas is breaking records, and everyone lacks it. Who is guilty?
    06 Nov 2021

    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 […]

    No Future: how ethical and post-colonial concepts can save the world economy

    The following article is part of a larger debate around the headline “Capitalism is killing the planet,” for example, by such an influential Western media as The Guardian. At the same time, we remember very well that our website and the well-being of the Persian Gulf countries exist precisely thanks to capitalism. How to balance […]

    COP26 – day four: 23 countries are consigning coal to history, making new commitments to phase out coal power
    06 Nov 2021

    Let’s get acquainted with the summary of the main developments on the fourth day of the UN climate summit in Glasgow. Big thanks to The Guardian journalists. New research has found that about half the world’s fossil fuel assets could become worthless by 2036 under a net-zero transition. A drop in demand for oil and […]

    Clean energy accounts for just 3%: IEA Update
    06 Nov 2021

    Governments increased the amount of their economic recovery spending by 20% directed towards clean energy investments in the past three months, new estimates from IEA’s Sustainable Recovery Tracker show, Business-standard states. Spending on clean energy amounts to 3% of the $16.9 trillion that governments have so far mobilized to bolster their economies from the recession […]

    Saeed Al Tayer highlights efforts to transform Dubai into a carbon-neutral economy by 2050
    06 Nov 2021

    Saeed Mohammed Al Tayer, MD, and CEO of Dubai Electricity and Water Authority (DEWA) emphasized that Dubai has an ambitious plan for the next 30 years to achieve zero carbon emissions and reach 100% of clean energy by 2050, WAM states. Al Tayer made these remarks in his keynote speech at the World Cities Day, […]

    The pact signed for environmental protection at Duqm in Oman

    The Public Authority for Special Economic Zones and Free Zones (OPAZ) and Duqm Refinery and Petrochemical Industries (OQ8) signed on Sunday an agreement covering a technical cooperation program to exchange expertise and information on environmental protection and pollution control, Oman Observer states. The pact was signed by Eng Ahmed bin Hassan al Theeb, Deputy Chairman […]