IMF backs $625 million lending program to boost Chad’s economy and growth
The IMF has approved a $625 million loan program for Chad to support economic growth and social spending amid regional and economic challenges....
A Clean Energy Centre will be officially launched during the 17th Economic Cooperation Organization (ECO) Summit, to be hosted by Azerbaijan this week, announced Asad M. Khan, Secretary General of the ECO.
The Economic Cooperation Organization, in collaboration with the United Nations Industrial Development Organization (UNIDO) and the Republic of Azerbaijan, organized the Soft Launch of the Clean Energy Centre for the ECO region (CECECO) on the margins of COP29 in Baku last November.
The Centre will contribute to strengthening the regional energy security, combating climate change, and achieving Sustainable Development Goals (SDGs). It will become a key component of the Global Network of Regional Sustainable Energy Centres (GN-SEC), a network coordinated by UNIDO in partnership with various economic communities in different regions.
Dr. Asad Khan highlighted the establishment of the ECO Clean Energy Centre in Baku as a significant testament to our collective commitment to the clean energy agenda. This Centre is poised to play a key role in the transformational process, while also supporting the creation of the ECO Regional Electricity Market, focused on sustainable energy.
The primary goal of the project, he explained, is to enhance Member States access to modern, affordable, reliable, and environmentally sustainable energy services. The Centre will contribute to energy security and reduce the negative environmental impacts of the energy sector.
He added that the establishment of the centre had already been endorsed and ratified by several Member States.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
As Greece swelters under an intense heat wave, electricity demand and wholesale prices have soared to record highs, straining the national grid and pushing infrastructure to its limits.
From Hawaii’s fiery lava fountains to Italy’s ash-filled skies, it may feel like volcanoes are erupting everywhere in 2025. With nearly 50 eruptions already this year, many are asking, is the Earth getting more active? The truth is far less alarming, and far more fascinating.
Greece’s fir forests are vanishing as climate change fuels extreme heat, prolonged drought, and pest outbreaks, leaving once-lush mountains scarred by dying trees.
Storms and rising seas are washing away Barcelona’s man-made beaches, putting tourism and coastal life at risk, according to residents in the area. In Montgat, locals say their summers by the sea are vanishing.
The United Nations' top court has declared that failing to curb emissions violates international law, marking a historic moment for global climate justice and setting the stage for future legal action against polluting states.
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