Energy World is off track to meet Cop28 renewables goal The world is far from reaching its 2030 renewables target, the International Renewable Energy Agency (Irena) said on Thursday. Countries committed at the Cop28 summit in Dubai last year to treble renewables capacity in order to limit global warming to 1.5C. To stay on course global capacity growth needs to accelerate to a minimum rate […] July 12, 2024
Oil & Gas Iran, Iraq and Libya among worst offenders on gas flaring Environmentally ruinous flaring of gas at upstream oil and gas facilities has risen to its highest level for five years, despite pledges to end the practice, the World Bank has said. Iran, Iraq and Libya were among the biggest contributors in 2023, according to a World Bank report published on June 20. Along with six […] June 25, 2024
Energy Masdar buys Greece’s biggest investor in renewables The UAE’s state-owned clean energy company Masdar is to acquire a majority share in Terna Energy of Greece. The initial deal – one of the largest in the European renewables market and the biggest ever energy transaction on the Athens Stock Exchange – is for a 67 percent stake. The price of €20 ($21.45) per […] June 21, 2024
Opinion Energy Booming Baku gears up for critical Cop29 Azerbaijan faces all the challenges the UAE overcame at Cop28 – and some more June 7, 2024
Renewable Energy Clean energy spend rising but fossil fuels still dominate Investment in clean energy is rising in the Middle East but spending on hydrocarbon production still dominates, the International Energy Agency (IEA) has said. In its World Energy Investment report published on Thursday, the Paris-based watchdog said that for every $1 invested in fossil fuels in the region, only 20 cents was allocated to clean […] June 6, 2024
Opinion People & Lifestyle Leaders. Make it snappy. Then let your words fly Speechwriting is not for the birds but they can teach us a trick or two May 16, 2024
Opinion Sustainability The Middle East is tackling the methane challenge Methane is a major contributor to global emissions and a significant driver of climate change April 9, 2024
Opinion Transport If EVs can make it here, they can make it anywhere The battery powered car is on the up, even in the oil-soaked Gulf March 25, 2024
Renewable Energy Energy transition strategy ‘visibly failing’, says Aramco CEO Saudi Aramco’s chief executive believes the current global energy transition strategy is “visibly failing on most fronts” and needs an urgent reset. Despite $9.5 trillion of investment in the past two decades, other energy sources have still not scaled up sufficiently to offer an alternative to hydrocarbons, Amin Nasser told the CERAWeek by S&P Global […] March 19, 2024
Analysis Industry Uranium prices rise with demand for nuclear power Barakah in the UAE, Dabaa in Egypt, Bushehr in Iran and Akkuyu in Turkey. Nuclear energy is now seen by many countries as central to emissions reduction. It is little surprise then that demand for feedstock – mainly uranium – has been spiking. Prices for the mineral, which is critical to the production of nuclear power […] February 26, 2024
Sustainability Take action to keep climate goal in reach, urges Al Jaber The UAE consensus achieved at the Cop28 summit in Dubai set a clear roadmap for keeping global temperature rise to within 1.5C. Now the world must turn the plan into action and results, said Cop28 president Sultan Al Jaber. Al Jaber told the International Energy Agency roundtable in Paris on Tuesday that all stakeholders must […] February 21, 2024
Sustainability UAE maintaining Cop28 momentum with ‘Troika’ partnership Cop28 host the UAE has reached an agreement with future hosts Azerbaijan and Brazil to make sure the momentum achieved at the event in Dubai continues throughout the next two climate summits. The Cop Presidencies Troika (group of three) was launched at Dubai’s Expo City with the aim of sticking to the 1.5C maximum global […] February 13, 2024
Opinion Sustainability Baku gets planning for Cop29 – with a little help from the UAE Azerbaijan to underline the role of petrostates in climate change policy January 30, 2024
Opinion Markets Carbon credit futures can be the next big thing for markets This emerging sector opens up opportunities for financial hubs across the GCC January 17, 2024
Video length: 05:38 Finance Cakes, crypto and the sun – best video moments of 2023 From top business leaders to expert analysts, AGBI has spoken to them all over the past 12 months. Watch our video round-up above to find out who gave us these memorable quotes … “The bigger the cake, the bigger the problem.” “Your long-term asset in this region is not the oil under the ground, it’s […] December 25, 2023
Transport UAE’s daily air traffic hit all-time high on first day of Cop28 The UAE’s airports witnessed a 15 percent increase in air traffic during the Cop28 summit, held at Expo City Dubai from November 30 to December 12. Al Maktoum International Airport recorded the highest number of scheduled and unscheduled flights, such as private and business jets, on the first day of the conference, Saif Al Suwaidi, […] December 21, 2023
Opinion Oil & Gas Cops in Baku and Belem bode well for Global South Azerbaijan and Brazil can bring their own perspectives on climate change December 19, 2023
Sustainability Doha-based carbon credit group signs West Africa deal The Qatar-backed international carbon credit programme Global Carbon Council (GCC) has signed a deal to develop decarbonisation projects in West Africa. The Doha-based GCC signed the agreement at the UN climate conference Cop28 in Dubai last week with the West African Alliance for Carbon Markets and Climate Finance (WAA), a group of 16 West African […] December 18, 2023
Sustainability Why the UAE is focusing on mangrove conservation A crab scuttles across the mud, side-stepping exposed mangrove roots until it dips into a hole, as a western reef heron perches between sprouting seedlings. Another comes along and the scene is repeated across Abu Dhabi’s Jubail Mangrove National Park, where people are meandering along a 2km boardwalk on a December morning. An hour away, […] December 15, 2023
Opinion Sustainability Moving mountains to lead in global carbon capture race Oman and the UAE may hold the key to CO2 capture December 15, 2023
Opinion Sustainability Navigating the fun side of summitry at Cop28 The Expo site was a good work environment – once you got your bearings December 15, 2023
Analysis Agriculture Cop28 funds pave the way for Mena agricultural innovation In 2022 Morocco suffered its worst drought in 40 years. It had a devastating impact on agricultural productivity – the country’s cereal production plunged by 60 percent and 280,000 jobs were lost. Thousands of miles to the east, motorists on the main road from the UAE to Oman see dead and dying palm trees on […] December 15, 2023