The head of one of the world’s biggest oil companies has been named to lead the COP28 global climate talks in Dubai, later this year. Sultan Ahmed Al Jaber is currently the chief executive officer of the Abu Dhabi National Oil Company. He is also the minister for industry and advanced technology for the COP28 […]
COP27 | How India’s green goals are threatening its bird population – EQ Mag
Renewable energy projects in the country have already impacted populations of the Great Indian Bustard, Lesser Florican, flamingos and Gyps vultures, among other species. At COP27, India submitted its long-term climate action strategy for how it plans to achieve its net-zero emissions goal by 2070. Among the elements highlighted: expanding renewables and strengthening the grid. […]
Charting the global energy landscape to 2050: Emissions – EQ Mag
At the end of COP27, concerns are growing that a 1.5º Pathway is getting out of sight. Our latest Global Energy Perspective offers important insight on how temperature increases vary across scenarios. As world leaders and corporate representatives have returned from COP27 in Sharm el-Sheikh, a major challenge remains to bend the curve of global […]
COP27 was disappointing, but 2022 remains an historic year for international climate policy – EQ Mag
This year’s global climate negotiations at the COP27 in Egypt were disappointing. In particular, the international commitment to limit planetary warming to 1.5℃ remains on “life support”. But hope is not lost. In fact, 2022 was an historic year for international climate policy. It marked a shift in how the world’s biggest greenhouse gas emitters […]
AIIB Signs USD500-Million Agreement at COP27 to Support Pakistan’s Economic Resilience – EQ Mag
At COP27, the Asian Infrastructure Investment Bank (AIIB) signed a USD500-million loan agreement with the government of the Islamic Republic of Pakistan to support the Building Resilience with Countercyclical Expenditures (BRACE) Program. By creating fiscal space for crucial health and social sector spending, BRACE will strengthen Pakistan’s macroeconomic management and support a more sustained and […]
COP27 ends with historic compensation fund; heeds India’s call for sustainable lifestyle – EQ MAG PRO
New Delhi : The UN climate summit in Egypt concluded on Sunday with a landmark decision to establish a fund to address loss and damage, but the outcome on other crucial issues such as India’s call for phasedown of all fossil fuels reflected little progress. The climate talks this year were held in the shadow […]
In Breakthrough, COP27 Establishes Fund to Aid Vulnerable Countries Facing Severe Climate Damages – EQ Mag Pro
SHARM EL SHEIKH : The UN climate negotiations (COP27) held in Sharm El-Sheikh, Egypt concluded with delegates reaching agreement to establish a fund to help vulnerable countries deal with losses and damages from climate impacts. Negotiators also called for countries to accelerate the adoption of renewable energy, but the talks concluded without new, strong language […]
COP27: EIB announces new support for Egypt’s own green transition – EQ Mag
The European Investment Bank (EIB) and the EIB Group as a whole has been working closely with the Egyptian Presidency of COP27 to offer its support both as chair of the world’s Multilateral Banks and to do its part to make sure that this COP is – as the Egyptian Presidency put it – a […]
WRI and Partners Launch Fund to Help African Cities Build Water Resilience – EQ Mag Pro
SHARM EL-SHEIKH, EGYPT : At COP27, the World Resources Institute and partners launched the African Cities Water Adaptation Fund (ACWA Fund) with the aim of channeling $5 billion towards urban water resilience solutions in 100 African cities by 2032. The ACWA Fund, launched at the Race to Resilience 2030 Climate Implementation Lab, and its supporting […]
At COP27, AIIB Takes Action to Further Promote Climate-Resilient Infrastructure Investments – EQ Mag
The Asian Infrastructure Investment Bank (AIIB) announced at COP27 that it has joined the Coalition for Climate Resilient Investment (CCRI), fostering a strategic partnership to apply climate-resilient solutions. Launched at the UN Climate Action Summit in 2019 as a private sector-led initiative, CCRI supports investors and policy makers to better understand and manage physical climate […]