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The writer is a board member of a Jordanian public-sector government investments management company and a regular commentator on regional energy and industrial matters.
Global material extraction and consumption levels have been rising exponentially since the beginning of the 20th century.
The energy transition toward net-zero emissions changes how we use water but does not necessarily reduce our dependence on it. Even low-carbon technologies like hydrogen, renewable fuels, batteries, pumped storage hydropower, nuclear, and carbon capture have unique water needs. And a lot of the time, those needs require a lot of water.
In Jordan, there are 102 municipalities and the Greater Amman Municipality (GAM). Municipalities are provided revenue-generating authorities through municipal taxes, licensing, and user fees for municipal services. They are also responsible for a range of local infrastructure and services, including urban planning, environment, roads, culture, public safety, and waste management, to name some.
The world is changing rapidly, and industries that drive the global economy are changing with it. Some industries have seen explosive growth in recent years, while others have slowed or disappeared entirely. Large companies are going out of business faster than ever before. In fact, 88 percent of the companies on the Fortune 500 list 50 years ago are gone.
Solving climate change can requires the mobilization of all segments of society, a region-specific coalition to accelerate corporate climate action, and shaping COP28 as milestones for public-private collaboration. This is why COP28 must include policymakers, business leaders, financiers, banks, and industry experts to make the lead to a net-zero transition.
The Jordanian Badia is a vast and diverse region that covers 80 percent of Jordan's total area and is subdivided into three regions: the Northern Badia, the Central Badia, and the Southern Badia. And it is an untapped goldmine.
Natural resources are commonly recognized as a nation's prime asset, boosting countries in international trade. Furthermore, natural resources and ecosystem services provide the foundation for manufactured capital, increasing public financing and decreasing inequality by diversifying the economy. The exploitation of natural resources is frequently seen as the backbone of economic stability in developing and middle-income nations.
Global energy consumption is expected to grow by 1.3 percent in 2023, despite a slowing economy and high energy prices. And due to recent hardships, many countries have had to fall back on fossil fuels and delay their transition to green energy. And despite pricing pressures, global recession fears are causing a decrease in oil prices.
Sustainable investing, which considers environmental, social, and corporate governance (ESG) criteria to generate long-term competitive financial returns and positive societal impact is gaining momentum.
The mining sector in Jordan is a cornerstone of the national economy, accounting for 19 percent of Jordan's total exports. In 2019, the sector made up about 7.7 percent of the Kingdom's GNP, which is set to increase to 11 percent by 2025.
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