Paris Agreement

Climate goal edges closer as two largest emitters ratify deal

Kuwait City - Emirates Voice

China and United States, the world’s two largest emitters of greenhouse gases, jointly ratified on Saturday the Paris Agreement on Climate Change. This endorsement, by the two largest global economies, significantly advances the potential for rapid entry into force of the deal that would allow the baton to pass from commitments on paper to actions on the ground. China’s topRead more

Investors turn against fossil fuels

Paris - Emirates Voice

Major investors vowed Tuesday to move away from Earth-warming fossil fuels as world leaders met in Paris seeking to unlock new cash to save humanity from climate "doom". Two years to the day since 195 nations sealed the Paris Agreement to avert worst-case climate change, banks and companies announced billions of dollars of intended divestments from coal, oil and naturalRead more

Sustainable national plans 'key to face climate change'

Abu Dhabi - Emirates Voice

It is crucial that governments incorporate climate change solutions in their national plans if they want to fulfill the Paris Agreement, stressed Dr Saleemul Huq, senior fellow at the International Institute for Environment and Development, in a webinar arranged by Climate Tracker this week. The webinar stressed on the importance of the Paris Agreement in 2015 pledge not just toRead more

Moroccan Minister Calls For Expertise Network

Rabat - Arab Today

Minister delegate for the environment Hakima El Haite called, on Wednesday in Rabat, for setting up a network between the centers of competences worldwide and establishing a database to speed up the implementation of the Paris Agreement. In a speech at the opening of an international workshop on capacity-building and the implementation of the Paris Agreement, El Haite noted thatRead more

Deutsche Bank to stop financing coal projects

Frankfurt am Main - AFP

German banking giant Deutsche Bank on Tuesday announced it would stop financing coal projects as part of its commitments under the Paris Agreement to tackle global warming. "Deutsche Bank and its subsidiaries will not grant new financing for greenfield thermal coal mining and new coal-fired power plant construction," it said in a statement. Existing exposure to such projects will beRead more

France issues first 'green bonds' with record 7 bn euro sale

Paris - AFP

France has issued its first "green bonds" with a record seven billion euro ($7.5 billion) sale, paving the way for the establishment of a genuine market in renewable energy bonds. Proceeds from Tuesday's sale of the 22-year bonds will be used to finance projects to address climate change. Credit Agricole-CIB, which was one of the banks handling placement of theRead more

Trump's energy policies incur anxiety, spark criticism worldwide

Beijing - ArabToday

Shortly after new U.S. President Donald Trump was inaugurated, the White House website published the America First Energy Plan, which has aggravated the anxiety and criticism concerning where Trump will lead the country to. The shift in energy policies, as seen in the website change of deleting these issues about climate change and claiming to embrace the shale oil andRead more

KSA to lower use of oil in power generation

Marrakech , Morocco - Arab Today

Saudi Arabia is committed to doubling its natural gas production and lower its use of oil in electricity generation, Khalid Al-Falih, energy, industry and mineral resources minister, told delegates at UN climate talks in Morocco. “We are committed to doubling production of natural gas and at the same time rely less heavily on oil in producing electricity,” Al-Falih, energy, industryRead more

UN climate meeting closes under Trump shadow

Marrakesh (Morocco) - Arab Today

A UN climate conference dominated by Donald Trump's threats to withdraw from a hard-won pact concludes in Marrakesh Friday amid fears that the goal of curtailing worst-case-scenario global warming may not be achieved without US backing. The first gathering of the UN's climate forum since last year's adoption of the Paris Agreement to curtail disastrous global warming, was tasked withRead more