DIRS.INFO The most relevant business & tech news

CNN —The United States is receiving criticism for contributing an “embarrassing” amount of money to a new climate fund adopted Thursday at the COP28 talks in Dubai, offering a pledge more than five times lower than the United Arab Emirates . Some countries pledged money to the fund right after it was agreed. Money from rich nations must now begin flowing into the fund, they said. Several wealthy nations, including the United States, have been reluctant to tie countries’ obligations to their historic emissions. It’s also been contentious because wealthy nations have expressed concern that paying for such a fund could be seen as admission of climate liability.

Persons: Sultan Al Jaber, ”, Ani Dasgupta, Dasgupta, ” “, ” Dasgupta, Mohamed Adow, ” Adow, “, Biden, John Kerry, ” Tom Evans, ” Evans, “ they’re, It’s, Al Jaber —, ADNOC —, Al Jaber Organizations: CNN, United, United Arab Emirates, World Bank, Japan, World Resources Institute, Republican, Republicans, US Locations: United States, Dubai, United Arab Emirates, United Arab, Germany, UAE, COP28, Egypt

☆ COP28 host UAE planned to use the event to make oil deals, leaked notes suggest
▼ + stars: | 2023-11-27 | by ( Angela Dewan | Rosa Rahimi | ) edition.cnn.com time to read: +7 min

The UAE has already been at the center of widespread criticism for appointing its top oil and gas chief to preside over COP28. The US, China, France, Germany and the UK are among the countries with briefing notes published by the Centre for Climate Reporting. The briefing notes read as would be expected for such meetings, until the end of each country’s notes, where suggestions to promote ADNOC and Masdar are included. The notes did not suggest oil and gas projects would be discussed with all those countries. For the US, for example, the briefing notes touch on potential renewable energy deals, saying Masdar hoped to grow its presence in the US by carrying out “acquisitions” in the short term.

Persons: Sultan Al Jaber —, Al Jaber, ADNOC, Al Jaber helms, Masdar, ”, Kaisa Organizations: CNN, United, Emirates ’, Climate, Abu, Abu Dhabi National Oil Company, BBC, Centre, UN, UNFCCC, Greenpeace International Locations: Abu Dhabi, UAE, China, France, Germany, Russia, Ukraine, Mozambique, Canada, Australia, Venezuelan, Azerbaijan, Europe, Egypt, Kenya, Mexico, Netherlands, Norway, Saudi Arabia, Switzerland

☆ COP28: Sultan Al Jaber, UAE’s oil chief, is proving popular in the developing world, despite criticisms from the West
▼ + stars: | 2023-11-24 | by ( Elizabeth Wells | ) edition.cnn.com time to read: +8 min

But long-promised finance from rich countries to help it make a green transition simply hasn’t arrived, President Wavel Ramkalawan told CNN in May. But Al Jaber’s decision to focus on increasing finance to help developing countries shift to renewable energy is helping his popularity in the Global South. A 2022 UN-backed report calculated developing countries will need about $2 trillion a year by 2030. “We have seen the West only being extractive and very opportunistic, and actually kept developing countries dependent on fossil fuels,” he said. “It needs to buy more time to diversify its economy further and wants to capitalize on its energy resources for as long as possible,” Vakil told CNN.

Persons: hasn’t, Wavel Ramkalawan, “ We’re, ” Ramkalawan, “, Al Jaber, Al Jaber’s, COP28, ” Al Jaber, Sultan Al Jaber, Abu, Christopher Pike, ADNOC, William Ruto, Masdar, Al Jaber —, ” Ruto, Simone Boccaccio, it’s, Harjeet Singh, Sanim Vakil, ” Vakil, ” Organizations: CNN, UN, Dubai, Abu, Abu Dhabi National Oil Company, US, COP28, Abu Dhabi International Petroleum Exhibition, Bloomberg, Kenyan, UAE, Climate, North Africa, Chatham House Locations: Seychelles, Canadian, Africa, Abu Dhabi, Dubai, UAE, Kenya, Egypt, Turkana, UN

☆ Climate: The UAE is hosting the world’s biggest annual summit. It’s also planning a massive fossil fuel expansion
▼ + stars: | 2023-11-22 | by ( Angela Dewan | ) edition.cnn.com time to read: +14 min

The flurry of forest conservation deals with Zimbabwe, Zambia, Kenya, Liberia and Tanzania were announced in the months ahead of the annual United Nations’ COP28 climate summit, being hosted this year in December by the United Arab Emirates. The annual climate summit is where global leaders and negotiators from nearly 200 countries will convene to decide how and when to ramp down fossil fuel use. Its parent company, Global Carbon Investments, has already agreed to transfer $1.5 billion to Zimbabwe in “pre-financing for carbon credits.” That’s more than the country spends on education and childcare, which combined are Zimbabwe’s biggest national expense. Minimum Emissions” slogan is a viable climate solution, even as global temperatures soar and scientists press for rapid fossil fuel cuts. Ironically, COP28 could be the arena that transforms ADNOC into a global oil major.

Persons: CNN —, Sheikh Ahmed Dalmook Al Maktoum, —, Sultan Al Jaber —, Al Jaber, ”, Sultan Al Jaber, Callaghan O'Hare, Reuters Al Jaber, ADNOC, Jamie Henn, It’s, Henn, “, Philip Morris, ” Henn, Renat Heuberger, Zinyange Auntony, Julia Jones, ’ ” Justin Kenrick, ” Patrick Galey, “ ADNOC, COP28, Bethlehem Feleke Organizations: CNN, Carbon, United Nations, United, Blue, US Department of Commerce, Abu Dhabi National Oil Company, US, Reuters, Free Media, Climate Watch, UN, COP28, Global Carbon Investments, Mucheni conservancy, Getty, “, Bangor University, Peoples, Forest Peoples Programme, Shell, BP, Global, Energy Locations: Dubai, United Kingdom, Zimbabwe, Zambia, Kenya, Liberia, Tanzania, United Arab Emirates, UAE, Abu Dhabi, Houston, UN, COP28, Africa, “, Swiss, Mucheni, Binga, AFP, Wales, Azerbaijan, Nairobi

Search resuls for: "Al Jaber —"

4 mentions found