US should participate in carbon pricing rather than oppose it: IMF director

DUBAI: Capitalizing on the positive momentum from the opening day of the UN Climate Change Conference in Dubai, global leaders, including heads of state and governments from over 117 countries, gathered at Expo City to set ambitious goals for transitioning toward more ecological and less carbon-intensive economies.   The boost to the mood was spurred … Read more

Dubai Financial Market to launch carbon credits trading platform at COP28

IEA forecasts 75% drop in global oil and gas demand needed by 2050 to meet 1.5°C target  RIYADH: Global demand for oil and gas needs to decline by over 75 percent by 2050 to limit global warming to 1.5 degrees Celsius, according to the International Energy Agency.  According to an IEA report released on Nov. 23, … Read more