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‧Saudi Wealth Fund Prioritizes Conservation Alongside Investment
Saudi Arabia's Public Investment Fund (PIF) is highlighting its efforts to strike a balance between pursuing profitable investments and safeguarding the environment. The sovereign wealth fund, a key driver of the country's economic diversification plans, is showcasing…
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‧AI for Climate Solutions Shine at UAE AI Retreat
Samsung Electronics MENA and the United Nations Development Programme (UNDP) crowned the winners of the ACT28 AI for Climate Hackathon at a special ceremony during the UAE’s AI Retreat 2024. The hackathon, launched in May 2024, aimed to leverage the power of technology to add…
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‧Saudi Wealth Fund Champions Sustainable Investments
The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, is highlighting its efforts to strike a balance between economic development and environmental protection. This comes amid growing global concern over biodiversity loss, with the UN pinpointing unsus…
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‧Carbon Pricing on the Horizon
The specter of a price tag on carbon emissions is looming large over the United States. While the exact form and timeline remain under debate, a growing consensus acknowledges that carbon pricing will play a significant role in curbing the nation's greenhouse gas output. …
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‧Emirates Global Aluminium Flexes Muscle with Green Loan-Financed Acquisition
Emirates Global Aluminium (EGA), a titan of UAE industry outside the oil and gas sector, has taken a significant step towards its sustainability goals. The company announced that its recent acquisition of Leichtmetall, a European specialty foundry, was financed entirely throu…
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‧Antarctic Ice Sheet Shedding Mass at Alarming Rate
The vast, white expanse of Antarctica, a crucial component of the global climate system, is demonstrably losing ice mass at an alarming rate, according to a multitude of scientific studies. This stands in stark contrast to recent claims suggesting otherwise. A popular video, …
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‧Alarming Rise in Carbon Dioxide Levels Threatens Planet
The concentration of carbon dioxide (CO2) in Earth's atmosphere has reached an alarming new high, according to data collected by scientists at the National Oceanic and Atmospheric Administration (NOAA) and Scripps Institution of Oceanography. Measurements taken in May 202…
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‧Saudis Demand Action as Climate Change Awareness Soars
A recent global climate survey has revealed a significant shift in Saudi Arabia, with a surging awareness of global warming and a growing demand for urgent action. The survey, conducted by Veolia in partnership with Elabe, found that an overwhelming 86% of Saudi residents now…
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‧Riyadh Unveils Licensing System for Sustainable Infrastructure Projects
Saudi Arabia's capital, Riyadh, is embarking on a new era of urban development centered around sustainability. The Riyadh Infrastructure Projects Center (RIPC), recently entrusted with the task of overseeing infrastructure projects, has issued its first license. This mark…
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‧Saudi Consumers Take Environmental Stand
A recent global study has unearthed a growing trend of environmental awareness among Saudi Arabian consumers. The research, which surveyed a representative sample of Saudi residents, found that a significant 64% of respondents expressed concern about environmental issues, pol…
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‧Architects Team Up for Sustainable Cities
The world's cities are facing a multitude of challenges, from resource depletion and pollution to social inequality and climate change. Architects are increasingly recognizing that conventional design approaches are no longer sufficient. To address this, a new movement is…
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‧Responsible Disposal Options
While a new bed promises better sleep and a refreshed bedroom aesthetic, discarding your old one can pose a challenge. Landfills are overflowing with bulky mattresses, and improper disposal can be harmful to the environment. Luckily, several eco-friendly and socially consciou…
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‧Egypt, France Partner on Green Gas Push
Egypt and France have signed a significant agreement to collaborate on developing green gas technologies and achieving carbon neutrality. The Egyptian Gas Association (EGA) and France Gaz, the French gas industry association, announced a Memorandum of Understanding (MoU) to t…
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‧Cathay Pacific and Singapore Airlines Join Forces for Greener Skies
Cathay Pacific Airways and Singapore Airlines, two of Asia's most prominent air carriers, have signed a landmark Memorandum of Understanding (MoU) to collaborate on a series of sustainability initiatives. This partnership signifies a significant step towards reducing the …
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‧Clean Energy Investment Poised for Record-Breaking Year
Global investment in clean energy technologies and infrastructure is projected to reach a staggering $2 trillion in 2024, according to the International Energy Agency (IEA). This remarkable milestone represents a significant leap from the $1. 3 trillion invested in 2023 and u…
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‧Tropical Trees at Risk as Lightning Strikes Surge
Towering giants of the tropics, rainforest trees have weathered countless storms for millennia. But a new threat is crackling across the skies - an increase in lightning strikes due to climate change. This surge in electrical fury is leaving these ecological titans vulnerable…
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‧Emirates Islamic Debuts Landmark Sustainability Sukuk on Nasdaq Dubai
Nasdaq Dubai witnessed a significant development in Islamic finance with the listing of Emirates Islamic's first-ever sustainability sukuk. This issuance marks a milestone for both the bank and the region, solidifying Dubai's position as a global leader in Islamic fin…
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‧UAE Unveils Nine Gems of Biodiversity
The United Arab Emirates (UAE) has taken a significant step towards safeguarding its natural heritage with the identification of nine crucial areas classified as Key Biodiversity Areas (KBAs). This designation, recognized by the Key Biodiversity Areas Secretariat, highlights …
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‧Namibia Sets Sights on Green Hydrogen Leadership
Namibia, a nation nestled along the southwestern coast of Africa, is harboring ambitious aspirations to transform itself into a dominant player in the burgeoning green hydrogen industry. This clean-burning fuel source, produced by splitting water molecules using renewable ene…
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‧Sun and Sand Power the Middle East's Energy Shift
The Middle East and North Africa (MENA) region is undergoing a significant transformation in its energy sector, with renewable energy sources like solar and wind experiencing a surge in growth, according to the International Energy Agency (IEA). This shift is driven by a comb…
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‧Brazil Eyes $600 Million Climate Fund with Saudi Arabia
Brazilian investment firm EB Capital is in discussions with Saudi Arabian investors to establish a $600 million climate-focused fund targeting ventures in South America's largest nation. The fund, expected to launch in the third quarter of 2024, could significantly boost …
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‧Saudi Arabia's ACWA Power Joins Forces with Tunisia for Hydrogen Project
Saudi Arabia's ACWA Power, a global leader in renewable energy and water desalination, has signed a momentous agreement with the Tunisian government to embark on a groundbreaking green hydrogen project. This collaboration signifies a significant step towards both nations&…
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‧Sustainable Aviation Fuel Takes Flight, But Needs More Wings
The International Air Transport Association (IATA) reports a significant leap in sustainable aviation fuel (SAF) production for 2024. Production is projected to triple compared to 2023, reaching an estimated 1. 9 billion liters (1. 5 million tonnes). This positive development…
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‧Clean Energy Fast Track Lowers Energy Bills, Says International Energy Agency
A new report by the International Energy Agency (IEA) challenges the perception that clean energy transitions are expensive for consumers. The report, titled "Strategies for Affordable and Fair Clean Energy Transitions, " argues that accelerating the adoption of cle…