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The world must be “laser-focused on phasing out fossil fuel emissions,” COP28 President-Designate Sultan Al Jaber said in a speech at the opening of the Petersberg Climate Dialogue in Berlin (watch, at minute 50:30). With a stress on the word emissions, Al Jaber said efforts must be made in tandem to scaling up viable, affordable […]
Author Archives: enterpriseam admin
Posted inM&A WATCH
Ireland’s Amarenco acquires 100% of Jordanian renewables developer Spectrum
Amarenco acquires Jordan’s Spectrum: Irish independent power producer Amarenco Group fully acquired Jordan-based renewables developer Spectrum gaining 100% ownership of the company’s solar energy projects in the kingdom, according to a statement. The investment tickets and timeline for the upcoming projects were not disclosed in the statement. The details: The Cork-based renewables company will rebrand […]
Posted inUncategorized
Posted inEARNINGS WATCH
Schneider Electric posts solid results for 1Q, updates growth target for FY 2023
Schneider Electric posted group revenues of EUR 8.5 bn during 1Q 2023 — a record high for the first quarter of a year, according to its earnings release (pdf). Its revenues were up 15.8% y-o-y organic and 12.3% on a reported basis, with all four regions where it operates contributing to the robust results, it […]
Posted inCLIMATE IN THE NEWS
The Dutch are all in farm buyouts to slash nitrogen emissions
EU okays Dutch plan to buy out emission-spewing farms: The European Commission has approved two plans by the Netherlands to buy out livestock farmers in a bid to slash nitrogen emissions, Bloombergreports. The Dutch government is allocating EUR 1.47 bn to buy out farmers who voluntarily shut down their farms in accordance with the country’s […]
Posted inALSO ON OUR RADAR
Egypt discusses carbon market opportunities for agriculture sector with German Chamber of Commerce
Germany and Egypt discuss cooperation in carbon market for agriculture sector: Egyptian Agriculture Minister El Sayed El Quseir met with a delegation from the German Chamber of Commerce, headed by its Executive Director Jan Noter, to discuss cooperation in carbon certificate mechanisms currently in the works, according to a statement. El Quseir stressed the importance […]
Posted inAROUND THE WORLD
ADB boosts climate funding with USD 15 bn loan facility
ADB steps up focus on climate funding: The Asian Development Bank (ADB) is setting up a funding guarantee facility that could unlock USD 15 bn to combat climate change, Bloomberg reports, citing statements by ADB President Masatsugu Asakawa. The bank’s facility, dubbed the Innovative Finance Facility for Climate Change in Asia and the Pacific (IF-CAP), […]
Posted inON YOUR WAY OUT
KLM is working on getting hydrogen-powered planes in the skies
A step forward in getting hydrogen planes off the ground? KLM Royal Dutch Airlines is joining forces with students from Delft University of Technology in the Netherlands to develop net-zero, hydrogen-powered aircraft as part of the University’s Aerodelft program, according to a statement. 50 tech students are working around the clock on developing a range […]
Posted inCALENDAR
MAY 2023 1-4 May (Monday-Thursday): Arabian Travel Market, Dubai, UAE. 2-7 May (Tuesday-Sunday): Salon International de l’Agriculture au Maroc (SIAM), Meknes, Morocco. 3-4 May (Wednesday-Thursday): 13th Arbois and Mediterranean Round Tables, Marseille, France. 4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference, Istanbul, Turkey. 8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE. 8-10 May (Monday-Wednesday): […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Egypt prequalifies 17 consortiums for first phase of mega desalination program
Good morning, ladies and gents. It’s a quiet morning on the news front, save for some key updates from Egypt and a smattering of regional updates elsewhere. Let’s jump in. THE BIG CLIMATE STORY- Seventeen regional and international consortiums — including our friends at Infinity — have been prequalified for the tender process for several […]