Nations strike deal at COP28 to transition away from fossil fuels

[ad_1] COP28 reaches deal to reduce fossil fuels consumption Summit President Sultan Al Jaber calls accord ‘historic’ Small island states say deal does not do enough OPEC wanted focus on…

Philippines receives climate finance commitment from Canada

[ad_1] MANILA, Dec 6 (Reuters) – The Philippines and the United Nations Development Programme have a commitment from Canada on climate finance, the president’s office in Manila said on Wednesday.…

Climate finance takes centre stage at COP28 climate talks

[ad_1] UAE banking sector pledges $270 bln in green finances by 2030 Saudi leaders skip flagship event, after crown prince a no show Poorer countries will need $2.4 trln/year by…

Insurers heavily exposed to climate change, global watchdog says

[ad_1] LONDON, Dec 6 (Reuters) – Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of…

US envoy Kerry launches international nuclear fusion plan at COP28

[ad_1] DUBAI, Dec 5 (Reuters) – U.S. special climate envoy John Kerry on Tuesday launched an international engagement plan to boost nuclear fusion, saying the emissions-free technology could become a…

Air conditioning companies’ sustainable designs face high costs

[ad_1] DUBAI, Dec 5 – When temperatures climbed north of 40 degrees Celsius (104 degrees Fahrenheit) in Seville during this summer’s crushing heatwave in Europe, air conditioning use jumped 23%…

COP28: France, Japan to support African development bank push to leverage SDRs

[ad_1] A person walks past a “#COP28” sign in Abu Dhabi, United Arab Emirates, October 1, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing Rights DUBAI, Dec 4 (Reuters) – France and…

COP28: AIIB to host 2024 global summit of public development banks

[ad_1] LONDON, Dec 4 (Reuters) – The Asian Infrastructure Investment Bank will host the next meeting of ‘Finance in Common’, a network of public development banks, in 2024 – the…

UAE president announces $30 bln fund to bridge climate finance gap

[ad_1] President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan attends the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. REUTERS/Amr…

COP28 summit opens with hopes for early deal on climate damage fund

[ad_1] ‘COP28 UAE’ logo is displayed on the screen during the opening ceremony of Abu Dhabi Sustainability Week (ADSW) under the theme of ‘United on Climate Action Toward COP28’, in…