In 2024, the Emergency Events Database (EM-DAT) recorded 393 natural hazard-related disasters. These events caused 16,753 fatalities and affected 167.2 million people. Economic losses totaled US$241.95 billion. The year 2024 was marked by extreme temperature events in Asia that caused thousands of deaths, severe droughts in Africa affecting over 25 …
MUMBAI: Oil, which touched $124 a barrel mark on Friday, appears set to touch a new record and breach the $150 mark on mounting Iran crisis. Analysts feel that the government is holding back from hiking fuel prices because of the ongoing elections and a steep hike is likely next …
New Delhi To serve the expected addition in refining capacity and to partly replace any shortfall in crude oil supplies from Iran, India has sought an additional 5 million tonne of crude oil from Saudi Arabia. India has also sought investments from Saudi firms in its new petrochemical and refinery …
Germany's Centrotherm Photovoltaics, the world's second-largest manufacturer of solar photovoltaic (PV) equipment, has signed an agreement with IDEA Polysilicon to construct a polysilicon solar PV manufacturing facility in the Saudi Arabian Red Coast city of Yanbu, according to a Reuters News report. The agreement aims to provide IDEA the technology …
King Abdullah's Relief Campaign for Pakistani People will provide funds amounting to US $120,000 to Helping Hand for Relief and Development (HHRD) with the purpose to install water pumps and filtration plants in the flood-ravaged areas of Punjab and Sindh. In this connection, KARCPP signed a Memorandum of Understanding with …
Talk of a Middle Eastern green energy boom is likely to prove no more than a mirage with little hope of the region saving clean technology companies from the shrinking project pools of Europe. Instead India, China and Latin America offer some hope for green energy companies struggling in a …
Under growing pressure from the United States, some of Asia’s largest economies are reluctantly looking for options to reduce the amount of oil they buy from Iran, a move that would further tighten the economic vise on an increasingly defiant nation that announced plans for a new round of naval …
Spanish venture is as big as 210 football pitches and has 600,000 mirrors. But there’s a dark side Just under a month ago, on an empty mountain plateau in Andalusia, the last of 600,000 parabolic mirrors were connected, and Andasol, the world’s largest solar power station, become operational. It is, …
Toronto Canada pulled out of the Kyoto Protocol on climate change, saying the accord won’t help solve the climate crisis. It dealt a blow to the anti-global warming treaty, which has not been formally renounced by any other country. Environment minister Peter Kent said Monday that Canada is invoking its …
The Canadian government gave Total SA approval on Thursday to start construction on its C$9 billion ($8.9 billion) Joslyn North oil sands project in Alberta, marking the fifth mining development in the vast crude deposit. Total, the French oil major, and its Canadian, U.S. and Japanese partners aim to start …
A flagship green climate fund aimed at channelling billions of dollars to help poor countries tackle global warming has been put on ice at the Durban climate summit as a growing number of countries bicker over how it should work. Wealthy countries have promised to mobilise up to $100bn a …
The US is refusing to sign off on a flagship global climate fund, as already fraught negotiations intensify ahead of next week’s UN climate summit and carbon prices plummet to new lows. It was already feared that souring economic conditions and next year’s US presidential election would make it difficult …
U.S. oil company Chevron promised to fully clean-up a spill off Brazil's coast, the CEO of the local subsidiary, George Buck, said on Sunday, taking responsibility for an accident that has become a major test for one of the world's fastest-growing oil frontiers. The leak from the undersea well, owned …
Saudi King Abdullah’s Relief Campaign for Pakistani People (KARCPP) dispatched on Friday a relief convoy of 265 trucks loaded with relief items to flood-hit areas of Sindh and Balochistan. “We are launching the relief work today on the order of Prince Nayef bin Abdul Aziz to reach areas of Pakistan …
A U.N. committee has completed the draft design of a fund to help developing countries tackle climate change, paving the way for its launch in 2013, the U.N.'s climate chief said on Friday. Last year, countries agreed to create the 'Green Climate Fund' to channel up to $100 billion a …
Britain has been blamed by environmentalists for seeking to delay attempts by the European Union to penalise oil derived from tar sands. This month the European Commission decided that it would classify such oil as being nearly a quarter more polluting than conventional crude. In order to import such oil, …
The ambitious $10-billion project to connect Gulf nations through a modern rail network, stretching over 2,000 km, is expected to become operational by 2018, with authorities working to ensure that construction starts on it by 2014. Authorities across the Gulf Cooperation Council (GCC) want the project to provide cost-effective means …
To measure a country's greenhouse emissions from fossil fuels, it makes sense to consider the whole carbon supply chain, from oil well or coal mine to a consumer's shelf, scientists reported on Monday. Currently, putting a price on climate-warming carbon dioxide generated by oil, coal, natural gas and other fossil …
A chemical leak in Dammam, in Saudi Arabia's oil-rich Eastern Province, has forced some schools to shut down and sent 13 people to hospital with breathing problems, sources and civil defense authorities said on Wednesday. The leak has been brought under control, officials said. The civil defense authority said in …
Gulf Cooperation Council (GCC) countries are set to spend around $54 billion in the near future to increase the capacity of their electricity networks by 32,000 MW, a new report has said. The report issued by the Kuwait Financial Centre (Markaz) indicates that the GCC states — namely Oman, Qatar, …
The Organization for Economic Cooperation and Development and the International Energy Agency Tuesday urged governments world-wide to cut billions of dollars in fossil-fuel subsidies, arguing the rollbacks would bolster sagging government budgets while cutting wasteful energy use and carbon emissions. A group of 24 industrialized countries now spends $45 billion …
