Latest news with #Utilization
Leaders
4 days ago
- Business
- Leaders
Finance Minister Wraps Up OPEC Fund Engagements
Minister of Finance Mohammed Aljadaan concluded his participation in the OPEC Fund Development Forum and the 46th Meeting of the OPEC Fund Ministerial Council, held in Vienna, Austria, from June 17 to 18, 2025. The events gathered ministers, global leaders, and heads of multilateral development finance institutions to explore strategies for addressing global challenges. The forum's opening session underscored the importance of inclusive, equitable, and sustainable transitions in global development. Discussions focused on the role of strategic finance, innovative policy-making, and enhanced international cooperation—particularly through South-South partnerships—in advancing global progress. In his remarks, Aljadaan stressed that energy security is essential—not a luxury—for achieving development and inclusive growth. Its absence, he noted, undermines key sectors such as healthcare, education, economic productivity, environmental sustainability, water access, and food security. Amid rising geopolitical tensions, market volatility, and growing global energy demand, Aljadaan called for urgent action to diversify energy sources and expand investment in clean and emerging technologies, including Carbon Capture, Utilization, and Storage (CCUS). He also advocated for innovative financing mechanisms to accelerate energy access and reinforce long-term energy security. Reaffirming Saudi Arabia's commitment to global energy cooperation and climate action, Aljadaan highlighted the Kingdom's goal to generate 50% of its electricity from renewable sources by 2030 and achieve net-zero emissions by 2060 under the Circular Carbon Economy framework. OPEC At the 46th Ministerial Council Meeting, Aljadaan praised the OPEC Fund's strategic vision and its alignment with global development priorities, including the Sustainable Development Goals (SDGs) and food security. He also commended the fund's adaptability in navigating market fluctuations, ensuring continued support to countries and communities in need. As the Fund's highest governing body, the Ministerial Council convenes annually to review and approve audited financial statements, annual reports, and other key matters. These sessions are held either at the Fund's headquarters or at a location designated by the Council. Related Topics : OPEC+ Nations Adjust Production Strategy for Market Stability SFDA Reports Record 82% Surge in Licensed Factories, Warehouses in 2024 Is wheat harmful to the intestine? SFDA clarifies the truth SFDA: National Biotechnology Strategy Highlights Saudi Leadership in Medical Innovation Short link : Post Views: 32
The Hindu
05-06-2025
- Science
- The Hindu
Book on turning Prosopis juliflora to a resource of value
A book exploring viable means to turn the menace of Prosopis juliflora, a rapidly proliferating weed locally known as seemai karuvelam into a resource of some value was recently brought out at the Pondicherry University. P. Prakash Babu, Vice-Chancellor, Pondicherry University, while formally releasing the book, expressed hope that the work would stimulate and catalyse global efforts towards controlling and utilising Prosopis juliflora. The book Prosopis juliflora: Attributes, Impact, Utilization summarises the findings of an exhaustive work by a research team led by S. A. Abbasi, a former professor, on finding economically viable ways of utilising Prosopis juliflora so that its standing biomass can be turned into a resource. The publication (Elsevier and Academic Press) has references to findings of other researchers across the world. According to a press release, Prosopis juliflora has emerged as the world's most domineering and harmful of weeds. India is among the countries that have been very seriously hit by this menace, asit growing uncontrollably in several States, causing great harm. Deleterious impact In the Puducherry-Tamil Nadu region too, the plant is seen growing almost everywhere, rampantly colonising new areas at the expense of diverse vegetation. The invasive plant also possesses negative allelopathy due to which itplant species from its vicinity and monopolise the space. In fact, such has been its deleterious impact that in 2022 writ petitions were filed in the Madras High Court to direct the government to intervene.
New Indian Express
24-05-2025
- Science
- New Indian Express
Pondicherry University releases global study on invasive species
PUDUCHERRY: Pondicherry University Vice-Chancellor P. Prakash Babu on Friday released a new book titled Prosopis Juliflora: Attributes, Impact, Utilization, published by Elsevier and Academic Press. The book offers a comprehensive study of the invasive species Prosopis juliflora, commonly known as seemai karuvelam. Compiled after years of research by former professor S. A. Abbasi and his team at Pondicherry University, the book explores sustainable and economically viable uses of the plant's biomass. It also features contributions from global researchers, providing an international perspective on managing one of the world's most aggressive and ecologically damaging weeds. Prosopis juliflora has severely impacted biodiversity in regions such as Puducherry and Tamil Nadu, displacing native vegetation through its allelopathic properties, which hinder the growth of nearby plants. In 2022, several writ petitions were filed in the Madras High Court seeking government action to control its spread. Prakash Babu stated that the book is expected to guide global efforts not only to contain the plant but also to explore ways of converting it into a valuable resource for both ecological restoration and economic gain.
