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Tax on US products if Trump scraps Paris climate

Paris - Arab Today

French presidential candidate Nicolas Sarkozy has proposed that Europe apply a carbon tax on American imports if Donald Trump pulls the United States out of the Paris climate pact. More than 100 countries have ratified the Paris global emissions deal, which was inked in December after marathon talks to cap greenhouse gases that cause global warming. "Donald Trump has said

‘No turning back,’ says head of UN climate talks

Marrakesh - Arab Today

The world expects the United States to uphold its commitments under the landmark Paris climate treaty, despite Donald Trump’s vow to pull out of it, the incoming head of its UN implementing body told AFP Friday. “The Paris Agreement is here,” Moroccan foreign minister Salaheddine Mezouar, who took over stewardship of the 196-nation forum from France earlier this week, said

First phase of Dubai Water Canal costs AED1bn and extends 9 km

Dubai - Arab Today

Chairman of Dubai Holding Mohammed Abdullah Al Gergawi said that Dubai Holding's participation in the AED1 billion first phase of the Dubai Water Canal, which extends 9 km from Ras Al-Khor to Sheikh Zayed Road, based on the directives of Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, is

Sanctions threaten Iran climate efforts

Tehran - Arab Today

Iran's vice president and environment chief, Massoumeh Ebtekar, has told AFP that the West's failure to fully implement the nuclear deal and lift sanctions are endangering her country's efforts to meet climate targets. In an exclusive interview, Ebtekar said Iran had already seen temperatures rise by 1.5 degrees over the past 20 years, and urgently needed to work with international

Belgian ambassador lauds energy efficiency program

Riyadh - Arab Today

Belgian Ambassador Geert Criel on Sunday said that the Kingdom has embarked on commendable measures toward saving energy. The envoy was speaking to Arab News to mark the launch of its Energy Efficiency Event at his mission on Tuesday. The event, which would focus on Daikin’s green activities in the Kingdom, which would contribute to Saudi Arabia’s Vision 2030, will

Energy subsidies in Egypt is one of highest worldwide

Cairo - Arab Today

Minister of Electricity and Renewable Energy Mohamed Shaker said Saturday the energy subsidies in Egypt record one of the highest rates worldwide. Delivering the minister's speech to the energy conference at the Pharos University in Alexandria, spokesman for the Electricity Ministry Mohamed el Yamani said the subsidy reforms, announced in July 2014, have contributed to putting the sector back on

High costs slowing Sri Lanka’s push toward solar energy

Colombo - Arab Today

An ambitious plan by the Sri Lankan government to outfit 100,000 homes with solar panels, to turn them into power producers for the national grid, may be too expensive for many families to afford, experts warn. Sri Lanka’s government this month launched a “battle for solar energy” that aims to add 220 megawatts of clean power to the country’s energy

France hopeful climate accord takes effect in November

New York - Arab Today

France's environment minister on Monday voiced optimism that the Paris global accord on fighting climate change will come into force by November. Segolene Royal, who is president of the so-called COP21 conference behind last year's far-reaching agreement in Paris, said the goal was to put it in place before the next meeting opens on November 7 in Marrakesh, Morocco. "There's

Reduced supply-demand gap would improve prices

Vienna - Arab Today

UAE Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei, has reiterated the UAE's commitment to restoring balance in the global oil markets and said closing the supply-demand gap would back a rise in prices, in the second half of this year. The UAE continues to play an effective role in any agreement between OPEC members to provide enough

OPEC 'very satisfied' with oil market

Vienna - Arab Today

OPEC is "very satisfied" with the oil market, with a "rebalancing" expected to help boost further the price of crude, Saudi Arabia's new energy minister said Thursday at a meeting of the cartel. "Everybody is very satisfied with the market. The market is rebalancing as we speak. Demand is extremely healthy and robust. Non-OPEC supply is declining. Prices will respond

ROSATOM: Egypt 1st Middle Eastern country to take nuclear energy steps

Moscow - Arab Today

First Deputy CEO for Operations Management of Russia's State Atomic Energy Corporation (ROSATOM) Kirill Komarov said Tuesday Egypt was the first Middle Eastern country to take steps toward making benefit from nuclear energy, before other countries, including Jordan, Jordan Saudi Arabia, the UAE and even African states take similar steps. An agreement signed between the governments of Egypt and Russia

Invites environmental groups to discuss Monsanto bid

Frankfurt - Arab Today

Bayer's chief executive said in an interview published Sunday he is ready to meet environmental groups to address concerns about his group's plans to take over US agrochemicals giant Monsanto. In an interview with the Sunday newspaper Frankfurter Allgemeine Sonntagszeitung, Werner Baumann also hinted that the Monsanto brand could disappear once the business is integrated into Bayer. Bayer, a household

Electricity production to reach 4400 megawatts by end of 2016

Assiut - Arab Today

President Abdel Fattah El Sisi said the total electricity production is expected to reach 4,400 megawatts by the end of the year. During the inauguration of electricity projects in Assiut on Tuesday, the president said the achievements reached in the electricity file are unprecedented and realized in a record time. The president said that Dabaa nuclear station adheres to the

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