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Innovation Park Muscat is getting a district cooling plant: Oman’s Higher Education Ministry signed an agreement with central cooling solutions company Tabreed Oman — a subsidiary of UAE’s National Central Cooling Company (Tabreed) — to establish a district cooling plant in Innovation Park Muscat (IPM), Times of Oman reports. The financial details of the plant […]
Author Archives: enterpriseam admin
Posted inNewsmakers
A conversation with Mahmoud Mohieldin: Why a fast tracked evolution of MDBs is vital for the energy transition
We’re 128 days away from COP28 kicking off: As this year’s summit nears, a fossil fuel phase down continues to be a contentious issue as nations fail to reach consensus at conferences preceding the summit. Major disagreements are emerging and intensifying between developed and developing countries during preparatory meetings, sparking worries on progress given the […]
Posted inCLIMATE IN THE NEWS
A Belarusian trade group is trying to sell 2 mn in unregulated Russian ERUs
Unregulated carbon offsets are raising the alarm for all: A scheme by a Belarusian trade group to sell 2 mn of Russian carbon credits from a discontinued United Nations group has been condemned by climate experts and traders and raised concerns over unregulated emissions reduction units (ERUs) corrupting the market, Bloomberg reported this week. Some […]
Posted inALSO ON OUR RADAR
UAE’s SNOC and Japan’s Sumitomo explore CCUS project feasibility PLUS: Oman expands on EV infrastructure plans
UAE’s SNOC partners with Japan’s Sumitomo on CCUS: The UAE’s state-owned Sharjah National Oil Corporation (SNOC) has signed an initial agreement with Japanese trading and investment company Sumitomo Corporation to establish a carbon capture, utilization and storage (CCUS) project in Sharjah, The National reports. The estimated project costs and CO2 storage capacity of the facility […]
Posted inAROUND THE WORLD
Japan’s Itochu Group plans to invest USD 2 bn across North America’s renewables market and Indonesia decarbonizes its nickel mining business
Japanese trading corporation Itochu Group says it will invest USD 2 bn across the US and Canadian renewable energy markets, according to a statement. Itochu said it would work together with Sumitomo Mitsui Trust Bank on setting up the fund and providing institutional investors, mainly in Japan, with avenues to invest in renewable energy in […]
Posted inCALENDAR
JULY 2023 25-26 July (Tuesday-Wednesday): London Hydrogen-Africa Green H2 Investment Forum, London, UK. TBD: Egypt’s post-COP27 Environmental and Climate Investment Forum, hosted by Egypt, Switzerland and UNIDO. 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 […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: G20 energy ministers fail to reach consensus on fossil fuels phasedown + Oman, KSA move forward on green hydrogen ambitions
Good morning, nice people. We hope some of you had a restful long weekend, because the climate industry apparently had zero chill while we were on publication holiday, giving us a meaty issue to start off the week. THE BIG CLIMATE STORIES- Indian renewable energy company Acme Group has secured a c. USD 487.8 mn […]
Posted inUncategorized
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Posted inPOLICY
G20 fail to reach consensus on fossil fuels phasedown as Saudi Arabia blocks move
A deadlock on fossil fuels phasedown at G20: A meeting of G20 energy ministers failed to reach consensus on Saturday at the Energy Transitions Ministerial Meeting on a fossil fuels phasedown as several major fossil fuel producing nations led by Saudi Arabia blocked the move, the Financial Times reported. Talks held in the coastal province […]
Posted inDEBT WATCH
India’s Acme Group secures a USD 487.8 mn loan for green hydrogen project in Oman
Acme’s Omani green hydrogen project gets a kickstart: Indian renewable energy company Acme Group has secured a INR 40 bn (c. USD 487.8 mn) loan from Indian infrastructure financial institution REC Limited for its the green hydrogen and ammonia project it is building with Norway’s Scatec in Oman, according to a statement released on Friday. […]