Sustainability Dubai targets 50% carbon emission reduction by 2030 By Pramod Kumar December 10, 2023, 6:35 AM REUTERS/Thaier Al Sudani People walk in the green zone at the Cop28 in Dubai on December 8, 2023 Dubai plans to cut carbon emissions by 50 percent by 2030 to achieve carbon neutrality. The new plan will accelerate the emirate’s transition towards clean energy, backed by a clear roadmap for reaching its net-zero goal by 2050, Dubai Media Office said in a statement. The strategy will focus on environmental protection, biodiversity, conservation of resources, a substantial increase in renewable energy, and the advancement of a green and circular economy. The plan sets out a citywide target and strategy to reduce emissions by 50 percent by 2030 compared to 2018 levels, said Mark Watts, executive director of C40, a global network of nearly 100 of the world’s top cities that are united in action to confront the climate crisis. “From setting up the world’s largest single-site solar park to having 75 percent of vehicles as hybrid or electric powered, Dubai’s new climate action plan stands out in the region,” he added. As its commitment to carbon neutrality, Dubai has delivered mega projects such as the world’s largest single-site solar power park, the first hydropower plant in the region, a green hydrogen facility, a waste-to-energy plant and the production of green aluminium. The United Nations Cop28 climate conference at Expo City Dubai will conclude on December 12.
Trade Jordan and Qatar trade volume rises 6% in 2024 Trade between Jordan and Qatar increased by 6 percent year on year in 2024 amid growing economic ties. The total volume reached QR910 million ($250 million), up from QR860 million in 2023, the state-run Petra news agency reported, citing data released by Qatar’s planning and statistics authority. Jordan’s exports to the Gulf state include consumer and […] 3 hours ago
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Energy Turkey to triple cross-border electricity links Turkey is aiming to triple its electricity interconnections with neighbouring countries and is set to supply power to Syria soon, a news report said. Ankara supplies electricity to Iraq, Daily Sabah newspaper reported citing energy and natural resources minister Alparslan Bayraktar’s speech at a panel discussion at the International Renewable Energy Agency (Irena) assembly in […] 2 hours ago
Oil & Gas Oil prices remain near four-month highs above $80 Oil prices slipped at market open on Tuesday but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration’s toughest sanctions yet on Russian oil. Brent futures slipped 22 cents, or 0.27 percent, to $80.79 a barrel by 01:22 GMT, while US West Texas Intermediate crude fell 16 cents, or […] 39 mins ago
