CLIMATE POLICY-

Sonatrach launches new climate strategy: Algeria's state-owned oil company Sonatrach has launched a new climate strategy aiming to reduce emissions, according to a statement. The strategy will focus on reducing greenhouse gas emissions through energy transition and increased carbon sequestration.

What will they do? The plan includes developing a measurement, reporting, and verification (MRV) system for the Algerian energy sector to be integrated within the national MRV framework, the statement adds. This system will involve key stakeholders including the Ministry of Energy, Sonatrach, Sonelgaz, the Fuel Control Authority, and the National Agency for the Valuation of Fuel Resources. A pilot MRV system will be implemented to test the model, and a dedicated project will be established to rigorously monitor emissions at the sites the model will be running.

ELECTRIC VEHICLES-

Zeekr officially launches in Lebanon: Geely-owned EV brand Zeekr and Lebanese automotive dealer Impex have launched Zeekr’s Zeekr 001 and Zeekr X models in Lebanon, according to a statement. The 001 models will come in three options: the standard for USD 51.9k, the premium for USD 57k, and the flagship for USD 62k. The X model will have two options: premium for USD 39.9k and flagship for USD 45k. The two had partnered earlier this month to bring the models to the Lebanese market.

REFRESHER- Zeekr is already in the region: The two models were also launched in Saudi back in March. The ZEEKR 001 offers a 620 km range on a single charge and can charge from 10% to 80% in 30 minutes, while the ZEEKR X boasts a 440 km range and 428 horsepower.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Volvo’s C40 Recharge hits Egypt’s streets: Volvo Egypt, represented by EzzEl Arab Group, has introduced the C40 Recharge EV model in Egypt. The C40 Recharge boasts a 549 km electric range, 4.7 seconds acceleration (0-100 km/h), 408 horsepower, and a 27-minute fast charge (10-80%). (Masrawy)
  • Saudi has eVTOL regulations in the pipeline: Saudi’s General Authority ofCivil Aviation signed an MoU with Germany-based air taxi developer Lilium to develop regulations for air taxis in the Kingdom. Saudia Group formalized an agreement with Lilium to purchase up to 100 flying air taxis for its private aviation unit last week. (SPA)
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