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It’s time for the shipping industry to pay up: The shipping industry’s zero-tax status could be changing, with proposals that the industry pay a global levy for its carbon emissions to encourage it to transition away from hydrocarbons, Reuters reports. If applied by the International Maritime Organization (IMO), the levy would help raise an annual […]
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
KSA is looking to become an electronic chips manufacturer with help from China
KSA’s King Abdulaziz City for Science and Technology (KACST) is looking to manufacture microchips with help from China, the Saudi Press Agency reports. KACST inked an MoU with the China Electric Power and Equipment Company and the Beijing Smartchip Microelectronics Technology Company to jointly develop a microchip designing and manufacturing facility in the country in […]
Posted inAROUND THE WORLD
Tesla is looking to cash in from its ubiquitous charging network
US electric car manufacturer Tesla is looking to rake in c. USD 3 bn by 2030 from its charging agreements from top US automakers Ford Motor and General Motors, Bloomberg reported this week. Per the partnership, Ford and GM customers can purchase a Tesla-made adapter that allows them to access over 12k of the company’s […]
Posted inCALENDAR
JUNE 2023 5-15 June (Monday-Thursday): Bonn Climate Change Conference, Bonn, Germany. 12-15 June (Monday-Thursday): Saudi Plastics & Petrochem, Riyadh, KSA. 13-14 June (Tuesday- Wednesday): The Arab Green Summit, Dubai, UAE. 13-14 June (Tuesday- Wednesday) Bloomberg New Economy Gateway Africa Conference, Marrakesh, Morocco. 13-14 June (Tuesday- Wednesday): Vision Golfe 2023, French Ministry of the Economy, Finance […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Masdar is lining up a maiden green bond issuance and competing against Acwa Power to build the sixth phase of Mohammed bin Rashid Al Maktoum Solar Park
Good morning, friends. It’s another busy start to the week here in the regional climate world with a couple of big stories from the UAE. THE BIG CLIMATE STORIES- UAE renewables giant Masdar is looking to issue a USD 500-700 mn maiden green bond this month and has thrown its hat in the ring alongside […]
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Posted inDEBT WATCH
UAE’s Masdar is eyeing a maiden green bond issuance this month
UAE renewables giant Masdar is looking to issue a USD 500-700 mn maiden green bond this month, Bloomberg reported on Friday, citing comments by Masdar CEO Mohamed Al Ramahi. Details on advisors or a solid timeline have not been disclosed, but the company is eyeing the US market for the issuance, according to Bloomberg. Big […]
Posted inSOLAR
Masdar and Acwa Power submit bids to develop sixth phase of Dubai’s Mohammed bin Rashid Al Maktoum Solar Park
The bidding is on for sixth phase of Al Maktoum solar park: UAE’s Masdar and Saudi Arabia’s Acwa Power have submitted bids to develop the 1.8 GW sixth phase of Dubai’s mega scale Mohammed bin Rashid Al Maktoum Solar Park, according to a statement (pdf) released on Thursday. The Dubai Electricity and Water Authority (Dewa) […]
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Posted inWASTE MANAGEMENT
Tunisia’s EBRD-backed waste recycling facility is now online
Tunisia waste management facility is now live: Elec’Recyclage Tunisie has inaugurated its non-hazardous industrial waste recycling facility in a ceremony attended by representatives from the European Bank for Reconstruction and Development (EBRD) and the European Union, according to a statement released on Thursday. Who is funding what: The recycling company has received support from the […]