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 […]
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 […]
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 latest report from credit ratings agency Moody’s found that despite ambitions to diversify Gulf economies away from fossil fuels, the results have been ‘limited’ and efforts will be constrained by lower oil prices, Al Jazeera states. The clock is ticking for Gulf economies to end their overreliance on fossil fuels, as more countries around […]
The Public Establishment for Industrial Estates (Madayn), along with Mubadrah and Solar Wadi signed on October 12 an agreement covering the establishment of a 100MW solar PV farm in Suhar Industrial City to be operational in 2022, Oman Observer states. The project is part of the overall strategy of Madayn in providing a significant portion […]
Gas was, is, and will remain the most realistic option to attain the energy transition, spur economic growth and social progress by providing competitive prices and a secure and abundant energy source. This opinion tha author from GD Online promotes. Let’s get aquinted with this point of view. These benefits are further reinforced by the […]
The world is reportedly in danger of losing 10% or more of its total GDP by the end of the century. This is the top takeaway from a recent stress-test study by Swiss Re that looks at the consequences of failing to address climate and environmental risks. To put that into perspective using the most […]
The Kuwaiti Cabinet today welcomed the UAE’s declaration of its goals of achieving climate neutrality by 2050, WAM states. During its weekly meeting on Monday, the Cabinet affirmed that the UAE ‘s goals contribute positively to the climate change issue, in line with the Paris climate accord. ”The declaration will consolidate the UAE’s position as […]
Let’s take a look at the book by economist Maya Göpel “The world after us: How to prevent the planet from perishing.” (In German: Unsere Welt neu denken). In her work, the scientist deals with the main aspects of the “global environmental and social crisis” of the early 21st century: overconsumption, the gap between the […]
