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Egypt launches guide to “Just Financing”: Egypt’s International Cooperation Ministry launched the Sharm El Sheikh Guidebook for Just Financing (pdf) late last week in a bid to unlock private-sector climate finance, according to a ministry statement, in part by helping create a pipeline of bankable climate-friendly projects. Policymakers, development finance institutions, private-sector players and banks […]
Author Archives: enterpriseam admin
Posted inCOP Watch — Agreements
Saudi Arabia makes big splash with SGI
Saudi Arabia announces a slew of green agreements: The kingdom came out with some of the biggest renewable energy announcements at the Saudi Green Initiative Forum on the sidelines of COP27, as it looks to reposition itself for a post-oil world. “The world is hoping to crucify us,” Saudi Energy Minister Prince Abdulaziz bin Salman […]
Posted inCOP WATCH — PUBLIC POLICY
Biden pledges USD 250 mn to support adaptation fund, but pledges fall short
Biden warns “the very life of the planet” is at stake: US President Joe Biden doubled down on climate change warnings during his speech on Friday, saying that “the very life of the planet” is at stake, as he made new pledges that aim to support the world’s fight against climate change. The US doubled […]
Posted inALSO ON OUR RADAR
UAE and Japan ink agreement on green ammonia for export
Emirates National Oil Company Group (Enoc) and Japan’s IHI Corporation inked an MoU for green ammonia production and export in the UAE, according to a company statement on Thursday. This is the first time the Gulf country conducts a green ammonia feasibility study. The solar-powered project would produce renewable fuels at Enoc’s existing facilities. The […]
Posted inCALENDAR
NOVEMBER 7-18 November (Monday-Friday): Egypt hosts COP27 in Sharm El Sheikh. 15 November (Tuesday): Hawkamah Annual Conference (Building Investor Confidence Through Governance), Dubai, UAE. 23-24 November (Wednesday-Thursday): Global Conference on Sustainable Partnerships, The Ritz-Carlton, Riyadh, Saudi Arabia. Deadline of bid submissions for the Ras Mohaisen – Baha – Makkah Independent Water Transmission Pipeline in Saudi […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Carbon markets take the lead at COP27 + It’s Science Day
Good morning, wonderful people —it’s day five of COP27 and we have a deluge of news for you from Sharm El Sheikh. The BIG CLIMATE STORY EVERYWHERE: It was a big day for carbon markets and carbon offsetting as Egypt’s Finance Ministry hosted finance day. Egypt’s stock exchange, the EGX, launched Africa’s first regional voluntary […]
Posted inUncategorized
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Posted inCLIMATE FINANCE
Carbon credits in the spotlight on day four
Carbon credits were the big theme of day four in Sharm El Sheikh, with: Egypt kicking off Africa’s first voluntary carbon market US climate envoy John Kerry unveiling a new carbon offset plan S&P Global saying it will offer carbon intensity estimates for transport fuels as of next week. A handful of (smaller) climate finance […]
Posted inWIND
International consortium inks agreement for 3 GW wind farm in Egypt
Another mega wind farm in Egypt: Egyptian contracting firm Orascom Construction’s (OC) consortium with France’s Engie and Japan’s Toyota Tsusho has signed up to build a 3 GW wind farm, just days after breaking ground on their 500 MW wind project in Ras Ghareb, according to an OC statement (pdf). The consortium signed an MoU […]
Posted inGREEN HYDROGEN
EU and Egypt partner on green hydrogen + Morocco and Israel ink agreement for hydrogen production
Green hydrogen continued to get plenty of attention at COP27 yesterday, with a few more agreements and partnerships moving forward on the sidelines of the summit. EU + Egypt working on green hydrogen cooperation: The EU and Egypt are currently working on setting up a “long-term partnership on renewable hydrogen” to support the decarbonization of […]