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Qatar is getting a new solar plant: China’s Sungrow signed an agreement with Samsung C&T to supply Qatar’s Al Kharsaah 800 MW solar PV project with inverter solutions, according to a statement. The new facility — poised to be Qatar’s largest solar facility — will be completed by next year. No financial details have been […]
Author Archives: enterpriseam admin
Posted inGREEN HYDROGEN
Morocco’s green hydrogen production gets a boost from Belgium
Belgium’s John Cockerill sets up JV with Morocco on green hydrogen: Belgium mechanical engineering group John Cockerill has signed a strategic joint venture (JV) agreement with an unnamed Moroccan energy company to develop a value chain dedicated to undertaking green hydrogen projects in Morocco, it announced in a statement (pdf) last week. What’s in the […]
Posted inCAPITAL MARKETS
GCC Exchanges Committee publishes ESG Disclosure Metrics
GCC exchanges have new ESG standards: The GCC Exchanges Committee published a set of ESG Disclosures Metrics including 29 standards included in the World Federation of Exchanges Sustainable Stock Exchanges Initiative yesterday. The metrics — which are voluntary — were published by the Saudi Exchange Tadawul (statement, pdf) and the Abu Dhabi Securities Exchange (statement). […]
Posted inALSO ON OUR RADAR
Iraq set to spend USD 3 bn on a new power plant + China, Korea eye Egypt’s green hydrogen production capacity
Iraq to spend USD 3 bn on a new power plant: The Iraqi government approved on Sunday a plan to establish a USD 3 bn unspecified energy facility in the southern governorate of Dhi Qar, according to a statement from the Iraqi News Agency. The government has not disclosed the energy source of the production […]
Posted inON YOUR WAY OUT
Ocean wars: climate-induced bleaching of corals is driving fish to fight for resources
Fish are fighting for food due to lifeless coral: Global warming-induced loss of coral reefs is driving fish to unnecessarily fight for food, according to research published in Proceedings of the Royal Society B. Butterfly fish are severely impacted by coral bleaching because they are heavily dependent on the marine fauna for survival, hence increased […]
Posted inCALENDAR
JANUARY 2023 10-12 January (Tuesday-Thursday): The Future Minerals Forum, Riyadh, Saudi Arabia. 12 January (Thursday): Business Transition to Net-Zero – the Path Towards a Successful Low-Carbon Future Forum, Bahrain. 13 January (Friday): The International Renewable Energy Agency’s Youth Forum, Abu Dhabi, UAE. 14-21 January (Saturday-Saturday): Abu Dhabi Sustainability Week, Abu Dhabi, UAE. 14-15 (Saturday-Sunday): Global […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Tunisia reveals its new green development plan + the GCC had a blockbuster year for green and sustainable bonds and sukuks
Good morning, wonderful people. The first work week of 2023 is winding down and Egypt is gearing up for a three-day weekend in observation of Coptic Christmas. We have a couple of stories from the region to cap a fairly quiet news week down below. A quick programming note: Enterprise Climate will be taking a […]
Posted inUncategorized
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Posted inCLIMATE POLICY
Tunisia earmarks USD 12.3 bn in public spending for new green development plan
Tunisia’s new public policy targets greener agriculture: Tunisia’s government unveiled a 2023-2025 development plan aiming to “greenify” its agricultural industry, increase phosphate production, address rising poverty and spur more private sector investment, French daily publication Le Monde reports. The financials: The country plans to allocate some USD 12.3 bn for the development program through public […]
Posted inGREEN BONDS
GCC’s green bonds and sukuks had a better 2022 than we thought
GCC green and sustainable bond and sukuk issuances saw massive growth in volume and value last year, with some USD 8.5 bn raised from 15 issuances — a sizable increase from the USD 605 mn raised from six issuances in 2021, according to data from Bloomberg’s Capital Markets League Tables picked up by Zawya. The […]