Climate Week Brings Together 400 Young Men, Women to Discuss Environmental Challenges

Four hundred young men and women, representing 72 countries, attended the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)
Four hundred young men and women, representing 72 countries, attended the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)
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Climate Week Brings Together 400 Young Men, Women to Discuss Environmental Challenges

Four hundred young men and women, representing 72 countries, attended the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)
Four hundred young men and women, representing 72 countries, attended the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)

Four hundred young men and women, representing 72 countries, discussed issues related to achieving climate change goals and carbon neutrality, and promoting sustainable travel and tourism, during the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh.

Their participation was sponsored by the Sustainable Tourism Global Center (STGC), as the first members of the Youth Champions initiative, which was launched by the center with the aim of forming a community of 100,000 people from 100 countries by 2030.

Participants attended sessions on sustainability and the means to confront climate change challenges, as well as the opportunities available in the tourism sector.

Tourism sustainability

In light of the STGC’s partnership with universities and international institutions around the world, young people will have unprecedented access to cutting-edge research and case studies, support for advocacy campaigns, and training programs pertaining to sustainable tourism.

In this context, Saudi Minister of Tourism Ahmed Al-Khatib said: “By providing young leaders with the necessary resources to support the tourism sector’s transition to climate neutrality, we are enabling them to play an effective role in building a more sustainable tourism and travel sector.”

“The Global Center for Sustainable Tourism, which is based in Saudi Arabia, is not only an investment in the country’s future, but rather an investment in the future of the entire planet,” he added.

Confronting the climate crisis

Gloria Guevara, President of the STGC, said that the travel and tourism sector “must undergo a comprehensive transformation in order to confront the climate crisis.”

She added that the Center firmly believes that the young generation plays an extremely important role in leading this shift.

“Their visions are essential to presenting new ideas, diverse opinions, and ambitious goals,” Guevara stated.

“The center aims to truly engage these future leaders to help build more sustainable and inclusive prospects for tourism and travel. Through this initiative, participants will gain the knowledge, tools and support necessary to use research in advocacy and awareness-building efforts,” she underlined.

Guevara stressed that the Global Center aspires to welcome around 100 concerned universities and international institutions from all over the world by 2030, pointing to ongoing cooperation with high-level academic institutions in the United States, China, France, Spain and the Netherlands to push the STGC’s vision forward.



Oil Heads for Weekly Gains on Anxiety over Intensifying Ukraine War

Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
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Oil Heads for Weekly Gains on Anxiety over Intensifying Ukraine War

Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo

Oil prices extended gains on Friday, heading for a weekly uptick of more than 4%, as the Ukraine war intensified with Russian President Vladimir Putin warning of a global conflict.
Brent crude futures gained 10 cents, or 0.1%, to $74.33 a barrel by 0448 GMT. US West Texas Intermediate crude futures rose 13 cents, or 0.2%, to $70.23 per barrel.
Both contracts jumped 2% on Thursday and are set to cap gains of more than 4% this week, the strongest weekly performance since late September, as Moscow stepped up its offensive against Ukraine after the US and Britain allowed Kyiv to strike Russia with their weapons.
Putin said on Thursday it had fired a ballistic missile at Ukraine and warned of a global conflict, raising the risk of oil supply disruption from one of the world's largest producers.
Russia this month said it produced about 9 million barrels of oil a day, even with output declines following import bans tied to its invasion of Ukraine and supply curbs by producer group OPEC+.
Ukraine has used drones to target Russian oil infrastructure, including in June, when it used long-range attack drones to strike four Russian refineries.
Swelling US crude and gasoline stocks and forecasts of surplus supply next year limited price gains.
"Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the price elasticity of OPEC and shale supply limiting price downside," Goldman Sachs analysts led by Daan Struyven said in a note.
"However, the risks of breaking out are growing," they said, adding that Brent could rise to about $85 a barrel in the first half of 2025 if Iran supply drops by 1 million barrels per day on tighter sanctions enforcement under US President-elect Donald Trump's administration.
Some analysts forecast another jump in US oil inventories in next week's data.
"We will be expecting a rebound in production as well as US refinery activity next week that will carry negative implications for both crude and key products," said Jim Ritterbusch of Ritterbusch and Associates in Florida.
The world's top crude importer, China, meanwhile on Thursday announced policy measures to boost trade, including support for energy product imports, amid worries over Trump's threats to impose tariffs.