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Abu Dhabi, UAE, 13 July 2022 – Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020. Renewable Power Generation Costs in 2021, published by the International Renewable…

Owing to climate change and land degradation, droughts are becoming more frequent, more severe, and more widespread. Building national and regional risk-management systems that can endure what is coming will require political will and significantly more international cooperation. BONN – Drought may be an ancient scourge, but it is getting worse. No region or country today is immune…

From the Amazon to the Andes and the snowy depths of Patagonia, extreme weather and climate change are causing mega-drought, extreme rainfall, deforestation and glacier melt across the Latin America and the Caribbean (LAC) region, according to a UN report published on Friday. In its State of the Climate in Latin America and the Caribbean 2021, the World Meteorological Organization …

Over 50 million people in Eastern Africa will face acute food insecurity this year, according to a new study backed by the World Food Programme (WFP) and Food and Agriculture Organization (FAO). Issued by the region’s Inter-Governmental Authority on Development, the IGAD Regional Focus on Food Crises report sounds the alarm over escalating food insecurity and malnutrition in Ethiopia…

The period between January and June this year was the driest in England since 1976, the Met Office has said. With water levels running low, the National Drought Group met on Tuesday to discuss how to cope with conditions. The group stopped short of declaring a drought but water companies have been putting the early stages of their drought plans into action by urging…

Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to the latest report released on Tuesday by the International Monetary Fund (IMF). The World Economic Outlook Update July 2022: Gloomy and More Uncertain, highlights the significant consequences of the stalling of the world’s…