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EBRD and Morocco join forces to accelerate country’s green energy transition: The European Bank for Reconstruction and Development (EBRD) signed an agreement with Morocco’s Energy Transition and Sustainable Development Ministry to help the country increase renewables projects, improve electric grid infrastructure, and create energy-efficiency networks across the country, according to a statement released last week. […]
Author Archives: enterpriseam admin
Posted inRENEWABLES
GCC Interconnection Authority launches energy trading platform for GCC-Iraq transmission grid
GCCIA launches energy exchange platform for GCC-Iraq transmission grid: A platform that will manage the trade and exchange of energy transmitted via the GCC-Iraq electricity interconnection was inaugurated last week, according to a statement by the GCC Interconnection Authority (GCCIA) released last week. The Gulf Electricity Interconnection Project is expected to launch next year, while […]
Posted inCLIMATE DIPLOMACY
Greece turns to UAE to forge relations with India
Greece wants tripartite relationship with UAE, India: Greece is turning to the UAE to help it forge trilateral relations with India, its Foreign Minister George Gerapetritis told Wam in an interview on Wednesday. “Greece would welcome a trilateral relationship with the UAE and India, focused on enhanced economic cooperation, the development of infrastructure and the […]
Posted inALSO ON OUR RADAR
Morocco plans desalination tender + KSA’s SFD is giving out USD 100 mn for Grenada’s green infrastructure
DESALINATION- Morocco is lining up a renewables-powered desalination tender: Morocco plans to launch a tender for a desalination plant with an annual capacity of 250 mn cubic meters by the end of 2024, the kingdom’s Water and Equipment Minister Nizar Baraka told Reuters on Thursday. The facility — set up in north-eastern Moroccan city of […]
Posted inAROUND THE WORLD
Honda and Mitsubishi are joining forces to set up EV battery-focused segments
Honda, Mitsubishi to set up EV battery-focused businesses: Japanese carmaker Honda and trading company Mitsubishi Corporation have signed an MoU to explore setting up new businesses focusing on optimizing the use of EV batteries, a joint statement read on Thursday. Under the MoU, the two companies will explore setting up a business to monitor the […]
Posted inCLIMATE IN THE NEWS
Is climate change just too ‘cheugy’ for Gen Z?
Is Gen Z less anxious about climate change than prior generations? People born after the first COP in 1995 are less jittery about climate change than older generations, Bloombergreported on Thursday, citing a global survey across 39 economies. The Climate Reality Barometer by Seiko Epson — which surveyed over 30k people — showed that almost […]
Posted inCALENDAR
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. […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Morocco’s OCP secures USB 100 mn green loan for greenifying fertilizer production + KSA’s SIRC launches JV for organic waste management
Good morning, ladies and gents. It’s a quiet morning on the climate news front, but there are a few stories emerging from the region worth noting. THE BIG CLIMATE STORY- The International Finance Corporation will extend a USD 100 mn loan to Moroccan state-owned fertilizer and phosphate giant OCP Group to boost the company’s solar-powered […]
Posted inUncategorized
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Posted inDEBT WATCH
IFC extends USD 100 mn loan to Morocco’s OCP to boost green fertilizer production
Morocco’s OCP secures a green loan from the IFC: The International Finance Corporation (IFC) will extend a USD 100 mn loan to Moroccan state-owned fertilizer and phosphate giant OCP Group to boost the company’s solar-powered fertilizer production operations, according to a statement. Where is the money going: The loan will help finance two solar energy […]