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KAPSARC Secures Important UN Environment Program Position

RIYADH: Saudi Arabia will soon become an active partner in global ecological governance after the UN granted the King Abdullah Petroleum Studies and Research Center a key role in its environmental activities.  According to a KAPSARC press note, the think tank will now be able participate in global energy, climate and environment dialogues, as well as adopt an observer status, after being handed a place in the UN Environment Program.
Business

GCC’s Shared Mobility Accelerates with 62M Global Users by 2027

DUBAI: Shared mobility is gradually gaining a foothold in the Gulf Cooperation Council region as the automobile industry predictably joins other sectors in adapting to the sharing economy. Whether it is renting out office space, an Airbnb vacation home, or a fancy dress for a special occasion, more people around the world are embracing the concept of sharing resources and services as opposed to owning them. Companies are also changing their business models by leveraging the ongoing shift to a sharing economy and the transport sector is no exception.
Business

Saudi Arabia and Azerbaijan sign energy deal

RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman met his Azerbaijani counterpart Parviz Shahbazov on Wednesday to discuss bilateral cooperation in the fields of energy, including renewables, Saudi Press Agency reported. During the meeting, the pair signed an energy cooperation agreement covering oil, petrochemicals, gas, electricity and energy efficiency. The deal also outlines cooperation in the field of circular carbon economy and related technologies that seek to mitigate the impact of climate change.
Business

Report: UAE Investors Can Bridge UN SDG Funding Gap

RIYADH: Transition investment could be the linchpin in the UAE’s efforts to meet the global funding gap of $4.3 trillion per year to achieve the UN Sustainable Development Goals by 2030, a research report indicated.  New York University Abu Dhabi’s Transition Investment Lab in its annual report suggested that the UAE’s institutional investors should focus on transition investment — a strategy aimed at achieving socio-economic impact along with financial returns — to overcome the funding gaps. 
Business

Oil giants in the Gulf partner with start-ups for carbon capture

ABU DHABI: Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing. Oil producers have for years touted capturing carbon before it goes into the atmosphere as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.
TV Shows

Europe’s Shift to Renewable Energy: Can it Replace Russian Gas?

Leaders from northern European states pledge huge investment in green energy.
News

Brazilian Indigenous Leader Wins Major Environmental Award

Alessandra Korap is one of six recipients of the 2023 Goldman Environmental Prize for grassroots activism.
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