The IssueRussian independent Lukoil has long been one of the country’s most active companies abroad. With minimal prospects for domestic expansion the company remains hungry for geographic diversification. The war in Ukraine has complicated its efforts but it continues to find willing partners in countries with friendly — or at least neutral — policies toward...
In a significant move towards addressing climate change, the World Bank, under President Ajay Banga, announced on Wednesday a substantial reduction in fossil fuel funding while defending its $170 million investment in natural gas as part of its climate strategy. The bank’s reforms could potentially boost its funding capacity to $150 billion over the next decade. However,...
Climate change can play a major role in affecting young people’s mental health, according to a new report from the American Psychological Association. Written in collaboration with the climate advocacy organization ecoAmerica, the report documents how environmental events linked to climate change – including weather disasters, extreme heat and poor air quality – can trigger...
As northern Cameroon heats up, elephants are migrating in search of food and water and increasingly finding themselves in face-to-face to humans. On 24 May, a flutter of excitement spread through the sun-scorched city of Maroua in northern Cameroon. Earlier in the day, four elephants had become separated from their herd as they migrated from...
A Dubai-based company, Blue Carbon, inked a deal with Zimbabwe to create carbon credits from offsetting projects in the African country involving almost a fifth of its total landmass. The two parties signed a memorandum of understanding (MoU) worth $1.5 billion to fund forest protection and rehabilitation projects. The carbon sequestered of the forests will...
In the hottest parts of the world, high temperatures and humidity will, for longer stretches, surpass a threshold that even young and healthy people could struggle to survive as the planet warms, study says. Heat waves can already be deadly for the most vulnerable people — but in a warming world, temperatures and humidity will,...
When poor countries are forced to default on their foreign debt, as Ghana and Zambia have done, they pay a heavy price. Cut off from credit of any kind, spending on health, education and dealing with the damaging effects of climate change comes to a juddering halt. Countries in the West often plead with us...
The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. Like Gulf neighbours Saudi Arabia and Qatar, the UAE wants to exploit its fossil fuel resources...
Unprecedented global warming will wipe out all mammals during a mass extinction event in about 250 million years, according to a new study. The world’s continents are predicted to eventually merge once again to form an ultra-hot, dry and largely uninhabitable supercontinent called Pangea Ultima, said the climate change research, published on Monday in the journal Nature Geoscience. Read more: independent.co.uk Photo: independent.co.uk
As the world grapples with the escalating crisis of climate change, it is becoming increasingly evident that its effects are far from equitable. While the entire planet is feeling the consequences of a warming climate, it is the low-income communities and developing countries that bear the heaviest burden. From disrupted livelihoods to increased vulnerability to...