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British VC firm A/O PropTech launched a EUR 250 mn fund to invest in decarbonization startups focusing on the real estate and construction sectors, according to a statement released on Friday. A/O — which invests across the entire built-world sector — will channel its financing toward companies operating in electrification and the energy transition, new […]
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
Emirates Steel Arkan walks away from race for a stake in Thyssenkrupp Steel, mns more mangroves for KSA, and Oman kicks off common-use infrastructure scheme for hydrogen
Regional suitor no more for Thyssenkrupp Steel: The UAE’s largest steel and building materials company Emirates Steel Arkan is dropping out from an investment in leading German conglomerate Thyssenkrupp AG’s steel unit, Bloomberg reported on Thursday, citing people with knowledge of the matter. The news comes a few months after Emirates Steel, which was the […]
Posted inCLIMATE IN THE NEWS
An essential ocean circulation may collapse sooner than predicted, with severe weather implications left in its aftermath
Climate change may cause a natural circulation system that regulates the Atlantic ocean’s temperature to collapse sometime between 2025 and 2095, according to a study published in Nature Communications last week. The collapse of this ocean circulation system — called the Atlantic meridional overturning circulation (Amoc) — could lead to northern regions such as Scandinavia […]
Posted inCALENDAR
AUGUST 2023 20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden. 21-22 August (Monday-Tuesday): International Conference on Recycling and Waste Management, USA. 21-22 August (Monday-Tuesday): International Conference on Environmental Sustainability and Climate Change, USA. 29 August-1 September (Tuesday-Friday): Third meeting of the COP27 Transitional Committee, Dominican Republic. SEPTEMBER 2023 4-6 September (Monday-Wednesday): Sustainable Maritime Industry […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: UAE joins the new Global Biofuels Alliance + UAE’s Offset8 Capital wants to launch a “first-of-its-kind” carbon investment fund
Good morning, ladies and gents. We’re sliding into the weekend with another issue on the lighter side for you to speed through as the temperatures continue to stay swelteringly high. THE BIG CLIMATE STORY- Abu Dhabi-based asset management firm Offset8 Capital plans to raise at least USD 250 mn for a “first of its kind” […]
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Posted inCARBON MARKETS
Abu Dhabi’s asset management firm Offset8 Capital is looking to raise USD 250 mn for a carbon investment fund
Abu Dhabi-based asset management firm Offset8 Capital plans to raise at least USD 250 mn for a “first of its kind” carbon investment fund in MENA, according to a statement. It said it targets to secure the initial capital raise for the close-ended fund in 3Q 2023, subject to regulatory approval. The details: The fund […]
Posted inUncategorized
Posted inBIOFUELS
UAE joins newly established Global Biofuels Alliance to accelerate biofuels deployment
UAE is a member of the newly established Global Biofuels Alliance: The UAE has officially joined the newly launched Global Biofuels Alliance founded by India, the UK, and the US, according to a statement. The alliance — formed on Saturday during the G20 Clean Energy Ministerial Meeting — aims to “accelerate sustainable biofuels deployment in […]
Posted inINVESTMENT WATCH
Masdar acquires a 49% stake in EUR 1.6 bn German offshore wind farm
UAE’s Masdar has acquired a 49% stake in Spanish utility provider Iberdrola’s EUR 1.6 bn Baltic Eagle offshore wind farm off the coast of Germany, according to a statement. The financials of the acquisition were not disclosed, and Iberdrola will retain a majority share of 51%. Masdar was named as a top contender vying for […]