The IMF should provide poor countries with USD 300 bn a year to finance the fight against climate change, Nobel prize-winning economist Joseph Stiglitz told The Guardian. Developing countries will need grants and subsidies equal to the US’ Inflation Reduction Act, Stiglitz said, calling for rich countries to support the creation of USD 300 bn […]
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Dutch students trial world’s first solar-powered off-road EV in Morocco
Dutch college students trial world’s first solar-powered off-road EV in Morocco: Dutch students from Eindhoven University of Technology in the Netherlands have completed a 1k kilometer prototype testing campaign for the world’s first solar-powered, all-electric SUV in Morocco, according to a statement. The test demonstrates the potential of PV-reliant vehicles for areas where grid and […]
OCTOBER 2023 16-17 October (Monday-Tuesday): Duqm Economic Forum, Duqm, Oman. 16-18 October (Monday-Wednesday): Climate Week, Rome, Italy. 16-20 October (Monday-Friday): UNCTAD World Investment Forum, Abu Dhabi, UAE. 18-19 October (Wednesday-Thursday): 9th Conference of Environment Ministers in the Islamic World, Jeddah, Saudi Arabia. 18-20 October (Wednesday-Friday): Morocco and Belgium business meeting on green hydrogen, Tangiers, Morocco. […]
TODAY: Jordan is making a push into the green hydrogen sector + Abu Dhabi sets up cluster for EVs and autonomous vehicles
Good morning, friends. We have a packed issue this morning with updates from around the region cutting across all sectors of the climate industry. Let’s dive right in. THE BIG CLIMATE STORIES- Jordan’s Energy and Mineral Resources Ministry has signed an MoU with Jordan Green Ammonia to conduct feasibility studies on developing green hydrogen projects […]
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Jordan Green Ammonia will conduct feasibility studies for green hydrogen projects in Jordan
Jordan’s foray into green hydrogen gets third push: Jordan’s Energy and Mineral Resources Ministry has signed an MoU with Jordan Green Ammonia to conduct feasibility studies on developing green hydrogen projects in the country, state news agency Petra reports. The MoU is the third of its kind to be signed by the ministry for the […]
US electric aircraft maker Joby Aviation set to join Abu Dhabi’s SAVI cluster
Joby Aviation could be joining Abu Dhabi’s SAVI: US electric aircraft maker Joby Aviation plans to participate in Abu Dhabi’s newly formed Smart and Autonomous Vehicles Industry (SAVI) cluster, according to a statement by the Abu Dhabi Investment Office. The California-based company aims to take part in the cluster “to support the maturation of technology […]
UAE’s Amea Power needs USD 400 mn in funding to fuel expansion plans
UAE’s Amea Power wants to drum up funds for expansion overseas: UAE renewables company Amea Power plans to raise USD 400 mn in a new equity funding round to support its expansion plans into new markets, the company’s chair Hussein Al Nuwais told Asharq Business in an interview last week. Amea — which has been […]
Adnoc, Zero Petroleum sign agreement to explore setting up synthetic fuel facility in the UAE
Another bid for synthetic fuel: Abu Dhabi’s oil champion Adnoc has signed an agreement with British carbon-neutral synthetic fuel producer Zero Petroleum to explore setting up a new plant for synthetic fuels in the UAE, according to a statement released on Thursday. What we know: The pact will pave the way for assessing plans for […]