UAE vows to boost energy output amid falling prices and political uncertainty

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UAE vows to boost energy output amid falling prices and political uncertainty - Business Mirror

Quick Summary:

ABU DHABI, United Arab Emirates—The United Arab Emirates opened its annual oil-and-gas summit on Monday as it pledged to increase the country’s energy output even as global prices have fallen and world politics remain uncertain ahead of the US presidential election.

Scientists have called for drastically slashing the world’s emissions by nearly half in the coming years to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) compared with pre-industrial times.

Those talks ended with a call by nearly 200 countries to move away from planet-warming fossil fuels—the first time the conference made that crucial pledge.