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Cop28

Cop28 is the climate change conference that was held in Dubai in the United Arab Emirates in 2023

Sultan Ahmed al Jaber Video length: 03:55

Who is Sultan Al Jaber?

The decision to name Sultan Ahmed Al Jaber to lead the Cop28 climate conference in Dubai has been criticised, as he is also CEO of fossil fuel producer Abu Dhabi National Oil Company (Adnoc). However, the UAE minister of industry and advanced technology also heads renewable energy business Masdar and has other sustainable credentials that […]

UAE food waste

HeroGo steps up fight against ‘ugly’ food waste

HeroGo, an online delivery service for “ugly” or surplus produce, is planning to cut food waste beyond the UAE via partnerships with supermarkets and hotels, its founder reveals.  “To have the biggest impact we need to be in multiple markets, so we’re in talks to expand in the near term,” HeroGo’s Daniel Solomon tells AGBI.  […]

air carbon exchange abu dhabi uae

Carbon credits trading predicted to hit $4bn

Carbon credits could become a $4 billion global asset class within the next half-decade, the co-founder of the Air Carbon Exchange told AGBI. Originally based in Singapore, the Air Carbon Exchange (ACX) is registered at Abu Dhabi Global Market and regulated by the ADGM Financial Services Regulatory Authority. Abu Dhabi sovereign fund Mubadala bought a […]

Cop28 Dubai agenda

Cop28 reveals programme for Dubai event  

The Cop28 UAE presidency has unveiled the two-week programme of topics to be discussed at the UN climate change conference on 30 November to 12 December. Cop28 will take place as a series of high-level talks alongside public discussions and other events at the Expo 2020 site in Dubai.  Last month the event’s president-designate Sultan […]

tree plantation

Saudi to hold green forum during Cop28 in Dubai

Saudi Arabia will hold its third green initiatives forum during the Cop28 summit in Dubai on December 4. The Saudi Green Initiative (SGI) forum will build on the 2021 inaugural event in Riyadh, which unveiled the kingdom’s 2060 net zero commitment and last year’s conference held in Egypt during Cop27, the state-run Saudi Press Agency […]

Africa climate summit

Africa hopes for climate funding ahead of Cop28

Deals worth hundreds of millions of dollars are expected to be struck at next month’s Africa climate summit, including increasingly popular nature-based investments, the event’s main organiser said on Tuesday. African officials hope the meeting will strengthen the continent’s voice and send a unified message ahead of the Cop28 UN climate summit later this year […]

Climate minister Mariam Almheiri, pictured in Washington, says the 1.5C target “remains within the world’s reach"

Climate minister starts 100-day countdown to Cop28

Collaboration is vital to the success of this year’s Cop28, the UAE minister of climate change and environment has said as the country marks 100 days to the start of the summit. Leaders from the public and private sectors will gather in Dubai in November – and climate minister Mariam bint Mohammed Almheiri said on […]

Emirates NBD's board has proposed a dividend of 120 fils per share

Six UAE banks allocate $52bn for renewable projects

A total of AED190 billion ($51 billion) was allocated by six UAE banks for the financing of renewable energy, waste-to-energy and green technology projects in the years leading up to 2022. The banks are First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Dubai Islamic Bank, Mashreq and Abu Dhabi Islamic Bank, the UAE […]

cracked river Syria

Cop28 and UN to draft climate finance framework

United Nations economists, the Cop28 leadership and other institutions including the World Bank and International Monetary Fund, have agreed to draw up recommendations to reform climate finance. The planned changes come amid concerns that the billions pledged by developed nations to tackle global warming are falling short. The recommendations – to be shared and discussed […]

A man in Manama, Bahrain, uses a welding mask to watch a solar eclipse. In 2021 just 0.1 percent of Bahrain's total electricity generating capacity came from renewables

Bahrain signs deal for its biggest solar park

Bahrain has signed deals to build a 72 megawatt solar power plant in what will be the largest of its kind in the kingdom. The project, located in the southern region of Sakhir, will form part of Bahrain’s push to cut its carbon emissions by 30 percent by 2035 and hit its net zero target […]

ESG sukuk investors are funding clean energy projects such as wind farms

Cop28 tipped to feed appetite for green sukuk

The Cop28 climate conference in the UAE is expected to boost interest in green sukuk as the market gathers momentum in the GCC, Malaysia and Turkey. Environmental, social, and governance (ESG) sukuk – sharia-compliant instruments used to fund renewable energy and other green projects – are set to be a central issuance theme for the remainder […]

green hydrogen oman

Oman takes green hydrogen gamble

Sometimes it takes a country. Oman is dedicating an area the size of Slovakia to solar power projects to produce green hydrogen – gas produced entirely from renewable sources. On June 1 Salim bin Nasser Al Aufi, minister of energy and minerals, signed $20 billion of contracts with partners including BP, Shell and the newly […]

Backed by PIF, Ades Holding operates a fleet of 85 rigs in seven countries

Adnoc Drilling expects hybrid rigs to cut emissions

Investment in hybrid power solutions could cut Adnoc Drilling’s CO2 emissions by as much as 20 percent. The largest national driller for oil in the Middle East is seeking to slash its carbon intensity by a quarter by 2030. The company is set to have more than 140 rigs in operation in the next 18 […]

UAE construction

Developer’s out-of-this-world solution to greener cooling

Floating around in a space station is the ultimate in circular living. Everything from air to food to waste has to be reused or recycled, and all stored within the same tiny enclosed location.  For air conditioning, Nasa made use of a novel system that was more effective in getting rid of flammable gases as […]

UAE Cop28 climate literacy courses

Cop28 and Coursera launch UAE climate literacy drive

UAE education providers will offer online courses on climate change mitigation, adaptation, finance and other topics through a partnership between e-learning provider Coursera and Cop28‘s organising body. A curated programme of more than 100 courses in climate literacy will be offered in the run-up to and beyond the United Nations conference in Dubai later this […]

Climate change middle east

Middle East economies feel the heat from climate change

Iraq’s Tigris and Euphrates rivers famously gave birth to some of the world’s first civilisations thousands of years ago. Now, climate change advocates warn that drought means they are now too weak to sustain agriculture and feed the communities who depend on them. At a press conference in Baghdad on Wednesday, United Nations human rights […]