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...
Author of landmark UK review into the economic value of nature joins UN environment chief in calls for ‘action, not just words’ on biodiversity goals Humans are exploiting nature beyond its limits, the University of Cambridge economist Prof Sir Partha Dasgupta has warned, as the UN’s environment chief calls on governments to make good on...
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...
The UAE has appointed 31 people to the advisory board for the upcoming COP28 climate summit. The group represents a mix of former executives of oil companies, climate campaigners, energy experts, and corporate leaders such as BlackRock’s CEO Larry Fink and Siemens’s supervisory board chairman Joe Kaeser. Two Indians sit on the board, embodying the polar...
Climate Home spoke with migrant workers in the UAE, who face harsh conditions and a lack of transparency when risk turns deadly. After four years working in construction in Abu Dhabi, United Arab Emirates, Mohammed Amer, a 23-year-old migrant labourer from Pakistan decided to move to the oil and gas sector in search of better...