Climate change is an unfortunate reality that is going to reshape many parts of our world — and investing is likely no exception. According to a recent study by the International Finance Corporation (IFC), “effects on returns from climate change are inevitable,” with — perhaps unsurprisingly — “the energy sector most significantly impacted.” As a citizen of a...
These readings will get you up to speed on the causes and impacts of flooding around the world. By now, it’s clear, one result of global warming is more flooding. Considering only instances caused by torrential rainstorms (not hurricanes, glacial-lake outbursts, or other factors), here is a partial list of countries that had significant floods...
She leads a team of 100 at a non-profit with operations across Africa and says climate has been seen through a male perspective for too long Susan Chomba glares out the window of the Prado Land Cruiser at dozens of motorcycles speeding in the opposite direction. Each motorcycle carries at least five bags of charcoal...
The Bonn Conference on Climate Change (also known as SB58) ended on 15 June 2023 at the headquarters of the United Nations Framework Convention on Climate Change (UNFCCC) in Germany. This was the last chance for climate negotiators to meet before COP28 in Dubai in December. But the 10-day talks ended without any clear, concrete...
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) representatives recently joined the UAE’s Ministry of Economy delegation which attended the St. Petersburg International Economic Forum (SPIEF) 2023 in Russia. The visit aimed to explore new opportunities for collaboration and strengthen economic ties between the UAE and Russia. During SPIEF, RAKEZ Chief Commercial Officer, Anas...
As Cyclone Biparjoy approached southern Pakistan this week, top Pakistani negotiator Nabeel Munir told governments at mid-year UN climate talks in Bonn it felt like he was “conducting a primary school class”, amid squabbling over the meeting agenda. The evening before the two-week negotiations were due to end in the German city on Thursday, a...
The winds, the tides and the sands have shifted in the Torres Strait. At Christmas time the breeze used to come to Saibai island from nearby Papua New Guinea with the smell of flowers in the air and dancing would begin. But that doesn’t happen now. “The seasons, the weather patterns have all changed,” Uncle...
The world has been given a “final warning” about the climate emergency. The United Nations says action is needed “on all fronts – everything, everywhere, all at once”. So why do so many people think nothing can be done to halt climate change? In its latest assessment, the Intergovernmental Panel on Climate Change (IPCC) says there...
It is feasible to phase out coal in steelmaking by 2043 to 2045 without ‘premature shutdowns’ of plants, report by Agora Industry and Wuppertal Institute saysTechnologies required to reach net zero in steelmaking are available, but governments and firms need to join hands to deploy them quickly, Agora’s Frank Peter saysThe global steel industry can...
Oil, gas and coal representatives will have to disclose their industry ties at future climate meetings, the UN says. For years, fossil fuel employees have been able to attend without having to be clear about their relationship with their companies. Last year, over 600 industry participants were able to enter the COP27 meeting in Egypt....