Africa is estimated to lose about $30 billion or 15% of its Gross Domestic Products (GDP) annually to climate change effect by 2030, an international financial expert said on Thursday. “Africa is estimated to lose 5% to 15% of its projected GDP by 2050 with a projected climate adaptation cost of $10 billion to $30...
The United Arab Emirates quietly established sweeping restrictions on the hundreds of journalists expected to visit the country for international climate talks later this month. Now, the UAE says it was a mistake. The strict rules against publishing news that could antagonize the rulers of the seven monarchies that make up the country were removed...
As the planet warms scientists say natural disasters are becoming more destructive and more frequent, and the data shows certain communities are hit harder than others. Judy Woodruff reports from Florida on the disproportionate impact on people with disabilities as part of our series, “Disability Reframed.” Judy Woodruff: By the time Hurricane Ian left a...
Britain has signaled plans to water down its position on a core part of COP28 negotiations just weeks before the global climate talks begin. Energy and Climate Minister Graham Stuart, who will head the U.K. delegation to the COP summit, told MPs Wednesday that he was not fixated on whether countries agree to “phasing down”...
Last month, the European Council proclaimed itself as “the global leader in climate action”. The November 13 EU Foreign Ministers meeting with COP28 President Sultan Al-Jaber of the United Arab Emirates (UAE), where the global climate conference is set to begin later this month, is the first real test of that claim. In a letter to EU foreign ministers...
At the COP27 summit in Sharm El-Sheikh, Egypt, an agreement to establish a loss and damage fund was hailed as a major breakthrough on one of the trickiest topics in the UN climate change negotiations. In an otherwise frustrating conference, this decision in November 2022 acknowledged the help that poorer and low-emitting countries in particular need to deal...
The way many organised crime gangs launder their cash has become so hard to trace that following the money “gets you absolutely nowhere”, according to the UK’s National Crime Agency. When they are not using major high street banks as giant drug cash laundromats, organised crime groups such as drug traffickers are increasingly using international networks of...
On November 30, 2023, Dr. Sultan bin Ahmed Al Jaber, the CEO of the Abu Dhabi National Oil Company (ADNOC), will formally open the 28th Conference of the Parties at Expo City in Dubai. As COP28 president, he will make the keynote address welcoming thousands of climate delegates from around the world. Continuing a trend seen in...
The new sanctions announced by the UK Foreign Ministry target 29 individuals and companies operating in and supporting Russia’s gold, oil and strategic sectors. Britain sanctioned on Wednesday a network of companies based in the United Arab Emirates (UAE) that it accuses of being responsible for channeling more than $300 million in gold revenues to...
The world’s top management consultancy McKinsey & Company is using its position as a key advisor to the UN’s COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources and leaked documents. Behind closed...