insert_link Environment Disagreements over fossil fuels threaten COP28 success The UN climate summit in Dubai faces potential failure as delegates disagree on the role of fossil fuels. Oil-rich nations are advocating for increased use of carbon capture technology to mitigate emissions, while scientists and developed countries argue that reducing fossil fuel usage is crucial to combating global warming. Bruce Douglas, CEO of the Global Renewables Alliance, addresses the issue at COP28. todayDecember 12, 2023 13
insert_link Africa COP28: The deals so far From historic agreements on Loss and Damage, to transformative declarations on food systems and health, COP28 could mark a monumental shift in how the world addresses environmental challenges. Here are some of the deals announced so far. COP28 has mobilized over $83 billion in funding, setting the pace for a new era in climate action. These include the first ever declarations on food systems transformation and health, plus declarations on […] todayDecember 12, 2023 8
insert_link 5 Environment Dubai climate talks a “COP of Hope” Climate mitigation talks in Dubai last week were a “COP of hope”, IMF spokesperson Julie Kozack said Thursday (Dec. 7) in Washington, DC. Tens of thousands of journalists, policymakers, bankers and civil society organizations are gathered there for the UN’s 28th meeting of the Conference of the Parties (COP) to the UNFCCC. https://youtu.be/tRZPACmuBm0 IMF Managing Director Kristalina Georgieva attended the meeting, aimed at engaging governments around the world to curb climate change. […] todayDecember 12, 2023 13 5
insert_link Africa European Investment Bank partners with Central Bank of Kenya to unlock climate finance New partnership to enhance climate action by Kenyan financial institutions. Climate best practice scheme to enhance climate risk understanding and impact of climate finance across Kenya. The European Investment Bank and the Central Bank of Kenya today launched a new climate finance best practice initiative to strengthen engagement by Kenyan financial institutions to finance climate related […] todayDecember 12, 2023 6
insert_link Business / Economics COP28 announces new partnerships and initiatives to advance sustainable urban development Over 40 ministers met today in Dubai in support of subnational climate action, joining the COP28 Presidency to announce a series of partnerships to accelerate the net-zero transition and climate resilience in cities. The announcements span sectors including buildings, waste and resource management systems, urban water resilience, and urban nature restoration. They build on the 1 December launch of the Coalition for High Ambition Multilevel Partnerships for Climate Action (CHAMP) […] todayDecember 7, 2023 11
insert_link Environment COP28 Climate Innovation Forum unites world’s technology leaders to explore cutting-edge climate solutions COP28’s Climate Innovation Forum brought together the world’s technology leaders in a series of talks exploring cutting-edge solutions to tackle the global climate crisis, including artificial intelligence (AI), satellite technology, big data, clean energy, industrial decarbonization, low-carbon hydrogen, and more. Attending the Climate Innovation Forum were key leaders in the technology and sustainability fields, including: His Excellency Omar Sultan Al Olama, the UAE’s Minister of State for Artificial Intelligence, Digital […] todayDecember 6, 2023 12
insert_link Environment Key measures could slash predicted 2050 emissions from cooling sector Taking key measures to reduce the power consumption of cooling equipment would cut at least 60 per cent off predicted 2050 sectoral emissions, provide universal access to life-saving cooling, take the pressure off energy grids and save trillions of dollars by 2050, according to a new report published during the COP28 climate talks in Dubai. The Global Cooling Watch report, Keeping it Chill: How to meet cooling demands while cutting emissions – by […] todayDecember 6, 2023 4
insert_link Environment COP28 Finance Day unlocks innovative financial mechanisms to support vulnerable countries fight climate change COP28 Finance Day unlocked significant progress on international financial architecture reform to support low-income and vulnerable countries fight climate change. Major international financial institutions and countries made new commitments to offer climate-resilient debt clauses (CRDCs) in their lending. These clauses allow debt service to be paused to provide breathing space when countries are hit by climate catastrophes. The UK, France, World Bank, Inter-American Development Bank (IDB), European Investment Bank (EIB), […] todayDecember 5, 2023 4
insert_link Environment COP28 President recaps key wins from first four days of COP28 Dr. Al Jaber Remarks: Thank you all for being here and being physically present. I thank those also who are joining us online. I hope that all of you who are here in person have enjoyed and continue to enjoy their engagements and their stay in the United Arab Emirates, and I hope that my team have been engaging and have been supporting you by providing you with all the necessary […] todayDecember 5, 2023 4