DISTRICT COOLING-

UAE to boost district cooling efficiency: The UAE’s Energy and Infrastructure Ministry has signed three cooperation agreements with Empower Energy Solutions, Emirates District Cooling (Emicool), and the National Central Cooling Company (Tabreed) to improve its district cooling efficiency, according to a statement. The agreements aim to reduce cooling costs and demand and boost the integration of renewables in the cooling infrastructure cycle.

CARBON MARKETS-

ITFC + RVCMC explore blue carbon credits in the Maldives: The International Islamic Trade Finance Corporation (ITFC) and the Regional Voluntary Carbon Market Company (RVCMC) have signed an MoU to support sustainability goals in the Maldives by assessing the feasibility of blue carbon credits, SPA reported. The agreement will assess the potential of generating blue carbon credits from the Maldives coastal ecosystem of mangroves and seagrass.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Egypt launching EV cabs in New Capital: Egypt’s Ministry of Transportation will launch 10 electric taxis in the New Administrative Capital on Wednesday. This will be a trial run of the project’s first phase, which will make 145 electric vehicles available for use. (Masrawy)
  • Fils + AFS partner on sustainable digital transformation: The UAE's Fils is partnering with Arab Financial Services (AFS) to integrate sustainability into business operations and financial transactions in the Middle East. The partnership will focus on green financial products, industry leadership in sustainability, and setting new standards for responsible finance. (Statement)
  • UAE solar power project in Yemen: The UAE’s EPC contractor ElectromecaInternational Projects has inaugurated a solar energy station in Shabwa, Yemen, the third of its kind provided to Yemen by the UAE. The unit is equipped with a conversion station and 19 km-long high-tension lines. (IAFES)
  • Bahrain + UAE team up to reduce electricity consumption: Bahrain’s Electricity and Water Authority (EWA) has partnered with Dewa subsidiary Etihad Energy Services Company (Etihad Esco) to implement the Kafa'a program, which involves reducing electricity consumption in high-consumption buildings in the public and private sectors. (Statement)
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