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Good morning, wonderful people. We have a light and springy issue for you today with a couple of green tech reads to round things out. THE BIG CLIMATE STORY- The OPEC Fund for International Development approved two separate loans worth USD 20 mn each to finance two of Saudi renewables company Acwa Power’s wind farms […]
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Posted inUncategorized
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Posted inCLIMATE FINANCE
Acwa Power receives USD 40 mn in financing from OPEC Fund for Uzbekistani wind farms
OPEC Fund extends USD 40 mn to Acwa Power for wind farms: The OPEC Fund for International Development approved two separate loans worth USD 20 mn each to finance two of Saudi renewables company Acwa Power’s wind farms in Uzbekistan, according to a statement. Where’s the money going? The credit line extended by the OPEC […]
Posted inGREEN TECH
Will water-based cells be the EV batteries of the future?
Can water-based batteries plug the EV industry’s need for lithium? In a bid to wean off reliance on lithium as a critical mineral for EV battery production, automakers and researchers around the world are looking at alternative battery minerals that are not as expensive or as rare, with viable alternatives being studied including sodium-ion cells. […]
Posted inCLIMATE TECH
Is climate tech on the same trajectory as fintech?
In spite of being one of the regions most affected by climate change, MENA is falling behind on funding innovation to mitigate and adapt to the effects of it, according to a report (pdf) by the Clean Energy Business Council (CEBC). The report found an absence of patient capital necessary to return investments on climate […]
Posted inUncategorized
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Posted inCLIMATE IN THE NEWS
The world needs USD tns for green transition. Where could it go?
Where do the big bucks for green transition go? Tns of USD needed for the green transition globally would require joint efforts from both the private and public sectors and some areas of the green transition will draw in more funding, CNBC reports, citing asset managers. Global head of Macquarie Asset Management’s Green Investment Group […]
Posted inALSO ON OUR RADAR
More mangroves and wild trees for the UAE and Oman + Morocco sets targets for EV charging stations
UAE’s carbon sequestration plan gets a push: UAE-based business conglomerate Essa Al Ghurair inked an agreement with the UAE’s Climate Change and Environment Ministry to plant 500k to 1 mn mangrove tree seeds and seedlings in the next decade, Wam reports. Under the agreement, the ministry will provide technical assistance on mangroves planting, including soil […]
Posted inAROUND THE WORLD
E-waste related health concerns in East Africa grow + French lawmakers propose tax breaks and subsidies for renewables
Health concerns from e-waste piling up in East Africa’s landfills grow: Tech stakeholders and authorities in Kenya, Tanzania, Uganda, Rwanda and Burundi are warning of serious environmental concerns stemming from the lack of facilities available for the safe disposal of electronic gadgets, Kenyan outlet the East African reports. A report by the World Health Organization […]
Posted inON YOUR WAY OUT
Can solar-powered EVs like Hyundai’s Sonata accelerate the transition to sustainable mobility?
Solar powered EVs, anyone? Automakers are on a quest to manufacture functional solar-powered electric vehicles, and while many firms have abandoned their projects for lack of capital to push development forward, Toyota and Hyundai may have cracked the code, Bloomberg writes. The new Sonata sports a roof made up of solar cells able to generate […]