COP27: UAE and Egypt agree to build one of world's biggest wind farms 9/11/2022

The presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement on Tuesday to develop one of the world's largest onshore wind projects in Egypt, according to an official statement on the Gulf nation's state news agency. ...more

Kuwait says to become carbon neutral in oil and gas by 2050 9/11/2022

Kuwait is committed to becoming carbon neutral in the oil and gas sector by 2050 and in the whole country a decade after that, Foreign Minister Salem al-Sabah told state news agency KUNA on Monday on the sidelines of COP27 climate summit in Egypt. ...more

Global South needs $2 trillion a year to tame, cope with climate 9/11/2022

A trillion dollars should come from rich countries, investors and multilateral development banks, said the analysis commissioned by Britain and Egypt, hosts respectively of the 2021 UN climate summit in Glasgow and this week's COP27 event in Sharm el-Sheikh. ...more

COP27: Austria commits $50 mln for climate 'loss and damage' 9/11/2022

Austria will provide 50 million euros (dollars) to developing countries facing unavoidable damage and losses caused by climate change as it joins a small group of European nations to offer such funds, the country’s climate ministry told Reuters. ...more

Key World Heritage sites will lose their glaciers by 2050 9/11/2022

One-third of World Heritage sites possessing glaciers will lose their ice by mid-century, according to a U.N. Educational, Scientific and Cultural Organization (UNESCO) report. In addition, even if global warming is curbed below 1.5 degrees this would still happen.  ...more

COP27: We're on a highway to climate hell, U.N. boss says 8/11/2022

United Nations Secretary General Antonio Guterres told countries gathered at the start of the COP27 summit in Egypt on Monday they face a stark choice: work together now to cut emissions or condemn future generations to climate catastrophe. ...more

Saudi Arabia commits $2.5 bln to Middle East green initiative - Crown Prince 8/11/2022

Saudi Arabia's Crown Prince Mohammed bin Salman said on Monday the kingdom would contribute $2.5 billion to a green initiative in the Middle East over the next ten years, and host its headquarters. ...more

REUTERS EXCLUSIVE COP27: IMF chief says $75/ton carbon price needed by 2030 8/11/2022

The price of carbon needs to average at least $75 a ton globally by the end of the decade for global climate goals to succeed, the head of the International Monetary Fund told Reuters. ...more

UK pledges more than $115 mln to developing economies to tackle climate change 8/11/2022

Britain's foreign minister James Cleverly on Monday will announce investments of more than 100 million pounds ($115 million) to support developing countries in their fight against the impact of climate change. ...more

New Report Warns World of Huge Untapped Renewable Energy Potential 8/11/2022

At COP27, IRENA DG calls on global leaders to bridge renewables’ deployment gap ...more