Greenhouse gas levels reach new record high: UN

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Updated 25 October 2021
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Greenhouse gas levels reach new record high: UN

  • The organisation said that as long as emissions continue, global temperatures will continue to rise

Greenhouse gas concentrations in the atmosphere reached new record levels last year, the United Nations said Monday in a stark warning ahead of the COP26 summit about worsening global warming.


The Greenhouse Gas Bulletin from the UN's World Meteorological Organization said the annual rate of increase last year was above the yearly average between 2011 and 2020 - and the trend continued in 2021.


The WMO said the economic slowdown caused by the Covid-19 pandemic triggered a temporary decline in new emissions, but had no discernible impact on the atmospheric levels of greenhouse gases and their growth rates.


The organisation said that as long as emissions continue, global temperatures will continue to rise.


And given the long life of carbon dioxide (CO2), the temperature level already observed will persist for several decades even if emissions are rapidly reduced to net zero.


COP26, the UN Climate Change Conference, is being held in Glasgow from October 31 to November 12.


"The Greenhouse Gas Bulletin contains a stark, scientific message for climate change negotiators at COP26," said WMO chief Petteri Taalas.


"At the current rate of increase in greenhouse gas concentrations, we will see a temperature increase by the end of this century far in excess of the Paris Agreement targets of 1.5 to two degrees Celsius above pre-industrial levels.


"We are way off track."

The report said that roughly half of the CO2 emitted by human activity remains in the atmosphere, with the other half ending up in the oceans and the land.


"The last time the Earth experienced a comparable concentration of CO2 was 3-5 million years ago, when the temperature was 2-3C warmer and sea level was 10-20 metres higher than now. But there weren't 7.8 billion people then," said Taalas.

The WMO said that with continued rising greenhouse gas emissions, alongside rising temperatures, the planet could also expect more weather extremes.


That includes intense heat and rainfall, ice melt, sea-level rise and ocean acidification - all of which will have far-reaching socio-economic impacts.


"We need to transform our commitment into action that will have an impact on the gases that drive climate change," said Taalas.


"We need to revisit our industrial, energy and transport systems and whole way of life. The needed changes are economically affordable and technically possible. There is no time to lose."


Euan Nisbet, from the University of London's Greenhouse Gas Group, compared greenhouse gas measurements to "skidding into a car crash".


"The disaster gets closer and closer but you can't stop it. You can clearly see the crash ahead, and all you can do is howl."


Closing Bell: Saudi main market sheds 85 points to finish at 11,098 

Updated 17 February 2026
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Closing Bell: Saudi main market sheds 85 points to finish at 11,098 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower in the latest session, falling 85.79 points, or 0.77 percent, to finish at 11,098.06. 

The MSCI Tadawul 30 Index declined 0.63 percent to close at 1,495.23, while the parallel market index Nomu dropped 0.91 percent to 23,548.56.  

Market breadth was firmly negative, with 42 gainers against 218 decliners on the main market. Trading activity saw 226 million shares exchanged, with total turnover reaching SR4.5 billion ($1.19 billion).  

Among the session’s gainers, Tourism Enterprise Co. rose 9.40 percent to SR15.02. SHL Finance Co. advanced 4.51 percent to SR16.00, while Almasar Alshamil for Education Co. gained 3.56 percent to SR23.88.  

Dar Alarkan Real Estate Development Co. added 3.03 percent to SR19.70, and Banque Saudi Fransi climbed 2.61 percent to SR19.30. 

On the losing side, Almasane Alkobra Mining Co. recorded the steepest decline, falling 6.61 percent to SR96.

Al Moammar Information Systems Co. dropped 5.14 percent to SR164.20, while National Company for Learning and Education declined 4.60 percent to SR124.30. Saudi Ceramic Co. slipped 4.14 percent to SR27.30, and Arabian Contracting Services Co. fell 4.12 percent to SR116.50. 

On the announcement front, Saudi Telecom Co. announced the distribution of interim cash dividends for the fourth quarter of 2025 in line with its approved dividend policy.  

The company will distribute SR2.74 billion, equivalent to SR0.55 per share, to shareholders for the quarter.  

The number of shares eligible for dividends stands at approximately 4.99 billion shares. The eligibility date has been set for Feb. 23, with distribution scheduled for March 12.  

The company noted that treasury shares are not entitled to dividends and that payments will be made through Riyad Bank via direct transfer to shareholders’ bank accounts. stc shares last traded at SR44.80, unchanged on the session. 

Separately, National Environmental Recycling Co., known as Tadweer, reported its annual financial results for the year ended Dec. 31, 2025, posting significant growth in revenue and profit.  

Revenue rose 53.5 percent year on year to SR1.24 billion, compared with SR806 million in the previous year. Net profit attributable to shareholders increased 68.4 percent to SR60.9 million, up from SR36.2 million a year earlier, driven by higher sales volumes and operational expansion.

Tadweer shares last traded at SR3.80, up 2.70 percent.