Saudi Arabia announces $6.4 billion in Syria investments
Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Shara...
The European Commission has proposed an amendment to the EU Climate Law aimed at reducing net greenhouse gas emissions 90% by 2040, compared with 1990 levels.
"The EU is currently on track to meet its next target of 55% reduction by 2030. The new proposal builds on this legally binding goal and sets out a more pragmatic and flexible way to reach the 2040 target. The proposed 2040 climate target takes into account the current economic, security and geopolitical landscape," - the Commission said in its statement.
A large majority of Europeans continue to view climate change as a serious global threat, with 85% of citizens identifying it as a major problem. 81% support the EU's goal of reaching climate neutrality by 2050, according to a recent survey.
Under the plan, member states would be granted more flexibility to achieve the climate targets. Currently, they have only been able to count domestic greenhouse gas reductions, but from 2036, the proposal allows carbon credits from non-EU countries to count for up to 3% of the overall 90% reduction compared to 1990 levels.
"With our 2040 target, we are staying the course on a clean transition. We have a clear plan to make it work: a strong enabling environment, the Clean Industrial Deal, and three impactful flexibilities. This framework provides industry and member states with clear direction and supports their investment strategies, while keeping Europe firmly on track to achieve climate neutrality by 2050," - stated European Commissioner for Climate Action, Net-Zero, and Clean Growth, Wopke Hoekstra.
He added that it will serve as an instrument in the EU’s international climate diplomacy, supporting emissions reductions and the development of carbon markets under the Paris Agreement.
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.
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.
Media accreditation is now open for COP30, the United Nations Climate Change Conference, set to take place in Belém, Brazil in 2025.
China is battling an unprecedented power surge, as temperatures push electricity demand beyond 1.5 billion kilowatts. Officials warn the real test is still to come, with risks of power rationing looming.
Monsoon rains in northern India has pushed the death toll past 100, claiming the lives of 104 people in in Himachal Pradesh, injuring 189, and left 35 missing, according to officials.
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