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Investcorp announces launch of a new Climate Solutions Investment Platform

Retrieved on: 
Friday, December 1, 2023

NEW YORK, Dec. 1, 2023 /PRNewswire/ -- Investcorp, a global investment manager specializing in alternative investments, today announced the launch of its new Climate Solutions investment platform, anchored by Mumtalakat, the Kingdom of Bahrain's sovereign wealth fund, and other Bahrain-based institutions.

Key Points: 
  • NEW YORK, Dec. 1, 2023 /PRNewswire/ -- Investcorp, a global investment manager specializing in alternative investments, today announced the launch of its new Climate Solutions investment platform, anchored by Mumtalakat, the Kingdom of Bahrain's sovereign wealth fund, and other Bahrain-based institutions.
  • He added, "we are understandably proud to be launching our Climate Solutions Investment Platform on the eve of COP-28, at a critical point in time when world leaders, global and regional businesses, and the general public have come together to explore climate solutions.
  • James Socas , who joined Investcorp earlier this year as a Managing Director, will lead the business as Head of Climate Solutions.
  • The launch of the Climate Solutions Investment Platform further builds upon Investcorp's commitment to sustainability, by deploying value-added investment towards scaling up high-performing sustainable businesses, driving greater social impact, and allocating resources and capital to accelerate decarbonization both within the firm and across Investcorp's global investment portfolios.

Visualized sea level projections reveal risks for U.N. Climate Change Conference host cities as temperatures rise

Retrieved on: 
Thursday, November 30, 2023

PRINCETON, N.J., Nov. 30, 2023 /PRNewswire/ -- New visualizations released today by Climate Central compare projected sea levels at iconic sites, based on different global warming scenarios. Localized analyses found that well-known areas of Dubai and other United Nations Climate Change Conference (COP) host cities, which are projected to remain above sea level if warming is halted at 1.5 Celsius degrees over pre-industrial temperatures, would fall below the high tide line if warming reaches 3.0 degrees.

Key Points: 
  • COP 18 host Doha, Qatar (2012) and COP 20 host Lima, Peru (2014) show similar dependencies in Climate Central's visualized analyses, with local landmarks remaining above sea level if global warming is limited, but falling below the high tide line if temperatures rise above set thresholds.
  • Sites in Casablanca, Morocco and Jakarta, Indonesia – countries that have hosted past COPs – also show diverging futures based on global temperatures.
  • Analyses beneath Picturing Our Future visualizations are based on peer-reviewed sea level rise projections and localized land heights from Climate Central's digital elevation model, CoastalDEM .
  • The methodology is detailed in the peer-reviewed paper, "Unprecedented Threats to Cities from Multi-century Sea Level Rise," published in 2021 in Environmental Research Letters .

Visualized sea level projections reveal risks for U.N. Climate Change Conference host cities as temperatures rise

Retrieved on: 
Thursday, November 30, 2023

PRINCETON, N.J., Nov. 30, 2023 /PRNewswire/ -- New visualizations released today by Climate Central compare projected sea levels at iconic sites, based on different global warming scenarios. Localized analyses found that well-known areas of Dubai and other United Nations Climate Change Conference (COP) host cities, which are projected to remain above sea level if warming is halted at 1.5 Celsius degrees over pre-industrial temperatures, would fall below the high tide line if warming reaches 3.0 degrees.

Key Points: 
  • COP 18 host Doha, Qatar (2012) and COP 20 host Lima, Peru (2014) show similar dependencies in Climate Central's visualized analyses, with local landmarks remaining above sea level if global warming is limited, but falling below the high tide line if temperatures rise above set thresholds.
  • Sites in Casablanca, Morocco and Jakarta, Indonesia – countries that have hosted past COPs – also show diverging futures based on global temperatures.
  • Analyses beneath Picturing Our Future visualizations are based on peer-reviewed sea level rise projections and localized land heights from Climate Central's digital elevation model, CoastalDEM .
  • The methodology is detailed in the peer-reviewed paper, "Unprecedented Threats to Cities from Multi-century Sea Level Rise," published in 2021 in Environmental Research Letters .

Dutch programmer and biologist propose plan for designing an alternative to the COPs

Retrieved on: 
Tuesday, November 28, 2023

HEEMSTEDE, Netherlands, Nov. 28, 2023 /PRNewswire/ -- On the eve of COP28, a programmer and a biologist from the Netherlands published a scientific essay in which they argue that independent experts should design a procedure to collectively decide on system change. This procedure would be an alternative to the Conferences of the Parties (COPs) on climate change and other issues.  

Key Points: 
  • This procedure would be an alternative to the Conferences of the Parties (COPs) on climate change and other issues.
  • They believe there is a need for a new decision-making procedure because parties can essentially veto any proposal during the COPs, thus undermining agreements.
  • Moreover, issues such as climate change and biodiversity loss are related, so they require a "systems" approach, not one COP for each issue.
  • "These experts would not decide on system change," co-author Arnold Bomans explains, "but they would create a plan by which others can decide on plans for system change."

Dutch programmer and biologist propose plan for designing an alternative to the COPs

Retrieved on: 
Tuesday, November 28, 2023

HEEMSTEDE, Netherlands, Nov. 28, 2023 /PRNewswire/ -- On the eve of COP28, a programmer and a biologist from the Netherlands published a scientific essay in which they argue that independent experts should design a procedure to collectively decide on system change. This procedure would be an alternative to the Conferences of the Parties (COPs) on climate change and other issues.  

Key Points: 
  • This procedure would be an alternative to the Conferences of the Parties (COPs) on climate change and other issues.
  • They believe there is a need for a new decision-making procedure because parties can essentially veto any proposal during the COPs, thus undermining agreements.
  • Moreover, issues such as climate change and biodiversity loss are related, so they require a "systems" approach, not one COP for each issue.
  • "These experts would not decide on system change," co-author Arnold Bomans explains, "but they would create a plan by which others can decide on plans for system change."

COP28 Business & Philanthropy Climate Forum unveils key Partners, uniting to drive global climate action

Retrieved on: 
Thursday, October 19, 2023

ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.

Key Points: 
  • ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.
  • The Forum will convene 500 business and philanthropy leaders alongside policymakers to accelerate solutions and drive bolder results.
  • This signifies a new era of collaborative climate action guided by the COP28 Action Agenda, which includes fast-tracking a just and orderly energy transition; fixing climate finance; putting nature, lives, and livelihoods at the heart of climate action; and underpinning everything with full inclusivity.
  • The Business & Philanthropy Climate Forum is COP28's private sector engagement platform to convene and engage business leaders and philanthropists from around the world.

COP28 Business & Philanthropy Climate Forum unveils key Partners, uniting to drive global climate action

Retrieved on: 
Thursday, October 19, 2023

ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.

Key Points: 
  • ABU DHABI, UAE, Oct. 19, 2023 /PRNewswire/ -- The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency on 1 and 2 December 2023 in parallel with the world leaders World Climate Action Summit, has announced key partnerships with leading global organizations, joining forces to drive global climate and nature action.
  • The Forum will convene 500 business and philanthropy leaders alongside policymakers to accelerate solutions and drive bolder results.
  • This signifies a new era of collaborative climate action guided by the COP28 Action Agenda, which includes fast-tracking a just and orderly energy transition; fixing climate finance; putting nature, lives, and livelihoods at the heart of climate action; and underpinning everything with full inclusivity.
  • The Business & Philanthropy Climate Forum is COP28's private sector engagement platform to convene and engage business leaders and philanthropists from around the world.

Lean Construction Institute to Honor Keyan Zandy with the 2023 LCI Pioneer Award

Retrieved on: 
Wednesday, October 4, 2023

The Lean Construction Institute (LCI) has named Keyan Zandy as its 2023 LCI Pioneer Award winner.

Key Points: 
  • The Lean Construction Institute (LCI) has named Keyan Zandy as its 2023 LCI Pioneer Award winner.
  • The annual award recognizes individuals who have moved the design and construction industry forward in embracing and implementing Lean tools and techniques.
  • View the full release here: https://www.businesswire.com/news/home/20231003211318/en/
    Keyan Zandy, CEO of Skiles Group and co-author of The Lean Builder, was named the 2023 LCI Pioneer Award winner by the Lean Construction Institute (Photo: Business Wire)
    “Keyan has been an active advocate and champion for Lean construction practices since 2005.
  • The LCI Pioneer Award ceremony will be held as part of the 25th LCI Congress on Thursday, October 26th in Detroit, Michigan.

COP28 announces innovative thematic program to progress action on its goals across Just Energy Transition, Finance, Health, Lives & Livelihoods and Inclusivity

Retrieved on: 
Tuesday, August 22, 2023

Official program designed following COP28 President-Designate's global listening and engagement tour and strategic vision and plan announcement at MoCA in July.

Key Points: 
  • Official program designed following COP28 President-Designate's global listening and engagement tour and strategic vision and plan announcement at MoCA in July.
  • COP28 program to include first-ever days dedicated to Health/Relief, Recovery, and Peace, as well as Trade and Multilevel Action/Urbanization.
  • 11-12 December: Final Negotiations – On the final two days of COP28, there will be no thematic days to avoid extensive programming when the negotiation text is often being closed.
  • Notes to Editors COP28 UAE:
    • COP28 UAE will take place at Expo City Dubai from November 30-December 12, 2023.

COP28 Director General meets with Fiji's Prime Minister, underscores Presidency's commitment to Pacific Island nations' climate priorities and needs

Retrieved on: 
Monday, August 21, 2023

SUVA, Fiji, Aug. 21, 2023 /PRNewswire/ -- COP28 Director-General and Special Representative Majid Al Suwaidi visited Fiji to meet with Fijian Prime Minister Sitiveni Rabuka and distinguished leaders of Pacific Island nations.

Key Points: 
  • The Director-General recognized the existential threat climate change poses to Pacific islands and reiterated the COP28 Presidency's commitment to support the most vulnerable.
  • - Al Suwaidi also called for Pacific nations to use their moral leadership to help shape the global response to the Global Stocktake at COP28.
  • In his remarks at the Pacific SIDS High-Level Dialogue on Climate Change in Fiji, Al Suwaidi underscored the COP28 Presidency's commitment to delivering for vulnerable countries at the upcoming climate summit.
  • The COP28 Director-General stressed that Pacific Island communities on the frontlines of climate change must be at the forefront of the climate decision-making process.