Good morning, ladies and gents. We’re experiencing the first day of that Ramadan news slowdown we’ve been bracing for since the Holy Month kicked off, but there are still a few climate updates from around the world to dig into.
OUR TOP CLIMATE STORY- UAE’s Empower launched commercial operations for its district cooling plant in the UAE’s Dubailand which will produce some 47k refrigeration tons annually. We have the details on this story and more in the news well, below.
THE BIG CLIMATE STORY OUTSIDE THE REGION- IMF + World Bank Spring Meetings hit on climate, sustainability on day one: Governments, multilateral organizations, and the private sector all need to contribute to unlocking the USD tns needed to work towards net zero targets and adapt to the existing effects of global warming, IMF Managing Director Kristalina Georgieva said at a panel titled Scaling Up Resilience and Sustainability Financing, according to a readout of her remarks. Governments “must adopt transformative climate policies and implement regulatory and institutional reforms to help create a conducive environment for private climate finance,” Georgieva said, noting that emerging and developing countries cannot shoulder the burden alone.
Climate-related discussions and workshops happening on day two:
- Big Data Meets Whale Conservation: A Nature-based Solution for Climate Change (9:30am EDT)
- Climate Innovation Challenge Workshop: Monitoring Disaster-Related Trade Disruptions from Space (10am EDT)
- Country Climate And Development Reports: How CCDRs are Helping Shape Climate Action Around the World (10:30am EDT)
- Scaling-up Climate Finance in Times of Debt Crisis (11am EDT)
- Climate Innovation Challenge Workshop: A Machine Learning-Based Toolbox for Climate Policy Analysis (11am EDT)
- Climate Finance and Energy Security (12:30pm EDT)
- The World Emissions Clock: Fighting Climate Change with Data (3:30pm EDT)
You can check out the full schedulefor the meetings here.
WATCH THIS SPACE #1- Mitsui and Kobe Steel will set up shop in Oman for low-carbon iron metallics project: Japan’s Mitsui & Co and leading steel manufacturer Kobe Steel signed an agreement with Oman’s Public Authority for Special Economic Zones and FreeZones (OPAZ) to develop a low-carbon iron metallics project in Duqm, according to a statement. The plant is expected to produce five mn tons of direct reduced iron (DRI) through the Midrex ironmaking process, which uses hydrogen-rich reformed gas made from natgas to bring CO2 emission levels lower than the conventional blast furnace route, the statement notes. The plant will use other decarbonization measures such as replacement of natural gas with hydrogen and carbon capture, utilization and storage (CCUS) methods. Production of the low CO2 iron metallics is expected to commence by 2027, with products exported to Asia and other global markets including Europe. A land reservation agreement was signed between Mitsui and Kobe Steel and the port’s operator Port of Duqm Company, the statement notes.
WATCH THIS SPACE #2- China’s GCL Technology scouts locations for first polysilicon factory abroad: GCL Technology, the world’s second-largest manufacturer of polysilicon — a key component in PV cell manufacturing — is planning to build its first factory outside of China to tap into higher sale prices overseas, CEO Lan Tianshi tells Bloomberg. GCL plans to build the factory through a JV with a local industry leader, and will likely disclose the new factory’s location by the end of the year. GCL has been eyeing Europe, MENA, and BRICS countries, Tianshi said.
The US is out due to its high production costs: Building a factory in the US is “still at least five times more expensive than in China, and construction times are bogged down by regulatory requirements,” Tianshi said, despite the country’s subsidy roll out plans under the Inflation Reduction Act (IRA). Three other top Chinese solar equipment makers, however, have opted to open factories in the US to have access to American consumers and take advantage of the IRA’s USD 374 bn in climate-related spending, Bloomberg writes.
WORTH READING- An inside story on climate change policy: Simon Sharpe’s FiveTimes Faster is an eye-opening book on how the world’s scientific, economic, and diplomatic strategies are failing us in the fight against climate change. Drawing from his experience as director of economics for the UNFCCC Climate Champions, Sharpe provides an analysis of the main obstacles hindering the world’s fight against climate change, demonstrating the necessity of acting five times faster than we are today.
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The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking place on Monday, 15 May at Four Seasons, Nile Plaza in Cairo. The Enterprise Exports & FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help Egypt build an export-led economy that makes it a magnet for foreign direct investment (FDI).
What’s the Enterprise Exports & FDI Forum? In the wake of successive floats of EGP, exports and FDI have never been more important to Egypt’s economy — or its businesses. We’re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers, and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what Egypt as a country can do to draw foreign investment and much-needed FX. Expect it to be heavy on lessons learned in Egypt and other global growth markets — and lots of success stories. You can learn more on our conference website here.
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CIRCLE YOUR CALENDAR-
Japan will host The G7 Ministers’ Meeting on Climate, Energy, and Environment on Saturday, 15 April in Sapporo. The two-day event will see cabinet members from G7 member states discuss solutions for the global power crunch triggered by the Russia-Ukraine war, explore pathways to transition the global economy toward 100% clean energy, further negotiations on the UN’s plastic pollution treaty, as well as the Kunming-Montreal Global
Biodiversity Framework, and devise a roadmap for strengthening climate resilience for climate-vulnerable countries.
The UAE is hosting the International Conference on Green Energy and Environmental Technology (ICGEET) on 18 and 19 April in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.
Germany will host the first COP27 transitional committee workshop from Saturday, 29 April to Sunday, 30 April in Bonn. The workshop will address climate-driven loss and damage impacts, will spotlight the findings of a report prepared by the UN on current funding arrangements for climate mitigation efforts, and bring together a host of international financial institutions to discuss pathways to upping funding capacity for climate-induced loss and damage.
Turkey is hosting the International 100% Renewable Energy Conference from 4-6 May in Istanbul. The event will bring together experts to discuss the integration of renewables, renewable energy technologies and applications, and the Roadmap to 2050.
The first MENA Solar Conference is accepting applications from published researchers specialized in PV technology until Sunday, 30 April. The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers here.
Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.


