IFC backs decarbonization of cement in Turkey

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WHAT WE’RE TRACKING TODAY

TODAY: IFC supports Turkish cement producer’s decarbonization efforts + World GDP at risk if mitigation investments remain low

Good morning, folks. We have a fairly balanced news day, although Turkey is in the spotlight as more green loans and tender announcements flow in.

PLUS- As the US presidential elections get underway today, we dive into the potential impact of the vote’s outcome on climate policy.

^^ We have the details on this story and more in the news well, below.

THE BIG CLIMATE STORY OUTSIDE THE REGION- Methane emissions are getting some ink ahead of COP29 as emissions reach record levels despite offset pledges. The International Methane Emissions Observatory (IMEO) flagged over 1.1k methane plumes since 2022, yet only a small fraction of these emissions have been successfully addressed. Methane, a potent greenhouse gas 80 times more powerful than CO2 in the shorter term, remains at near-record levels, with global concentrations rising faster than ever.

Industry action is limited: IMEO identifies methane leaks using satellite data to help nearly 160 nations fulfill a pledge to cut emissions by 30% by 2030. However, actions taken by companies and governments following IMEO alerts have been minimal, Manfredi Caltagirone, the head of the organization, said.

There may be other culprits, and the worst of them could be a new feedback loop: One study — published in October in the Proceedings of the National Academy of Sciences — suggests that the main culprit for the greenhouse gas’ dramatic growth in the atmosphere is microbes – which exist in cattle guts, wetlands, waste, and agricultural land. The study warns, however, of a possible feedback loop in which previous emissions are leading to microbial multiplication at faster rates.

The story made headlines in the international press: AP | Bloomberg | Washington Post

HAPPENING TODAY-

Egypt is hosting the World Urban until Friday, 8 November, in Cairo. The forum, established by the UN and one of its largest non-legislative events, will center around the effect of rapid urbanization on communities, economies, climate change, and policies and will bring together government representatives, academics, business people, urban planners, and more.

HAPPENING THIS WEEK-

South Africa will host the Critical Mineral Africa Summit tomorrow and Thursday in Cape Town. The summit aims to attract critical minerals investment to the continent and will be held alongside African Energy Week. The summit will be held in partnership with the Southern African-German Chamber of Commerce Partners representing Germany’s increasing investments in southern Africa.

COP29 SCHEDULE-

YOUR GUIDE TO COP- COP29 is starting next week. Here’s a handy guide (pdf) for the main thematic days and what to expect and a full rundown of all the panels, workshops, discussions, debates, and keynote speeches.

DAYS TO LOOK FORWARD TO-

12-13 November: World Leaders Climate Action Summit

14 November: Finance, Investment and Trade

15 November: Energy, Peace, Relief and Recovery

19 November: Food, Agriculture and Water

21 November: Nature and Biodiversity, Oceans and Coastal Zones

22 November: Final Negotiations

WATCH THIS SPACE-

#1- Turkey’s Energy Ministry issued a new YEKA solar tender allocating 800 MW for six projects across six provinces, according to an official statement. Applications for the solar tender will open on 27 January, 2025.

The details: Turkish companies and foreign firms classified as capital companies can participate. The projects will have a ceiling price of USD 55 per MWh and a floor price of USD 32.5 per MWh. Additionally, a 20-year electricity purchase period will follow an initial five-year freemarket sales period. The projects’ capacities range from as low as 30 MW, as in the cases of the Antalya and Kütahya plants, and as high as 385 MW for the Karapınar farm.

REMEMBER- Turkey just published its 2035 Renewable Energy Roadmap: This is the second YEKA tender the country released after its recently announced renewable energy roadmap — which targets 120 GW in combined solar and wind capacity by 2035.

#2- GE Vernova completes decarbonization FEED for major Saudi gas plants: GE Vernova and Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo) have completed three Front-End Engineering Design (FEED) studies aimed at identifying the best techniques to lower carbon emissions from three cogeneration plants in Saudi Arabia, according to a press release. The plants are mainly powered by GE Vernova’s 7E and 7F gas turbines.

Among the study’s recommendations: The study looked at potentially shifting shifting operations to use a blend of hydrogen and natural gas and delivered recommendations on needed modifications for the plants' combustion systems to make the transition. The study also recommended the use of Vernova’s Exhaust Gas Recirculation (EGR) system for carbon capture, utilization, and storage (CCUS) to achieve the Saudi company’s target of reducing emissions by 95% and said that the EGR system could potentially reduce the fixed cost of the CCUS facility by over 7% and the annual operational costs by 6%.

About the plants: The cogeneration plants — maintained and operated by ASHOMCo — are owned by the Aramco-backed special-purpose company Power Cogeneration Plant Company. Together, the plants deliver up to 920 MW of power and 1400 tons/hr of steam. PCPC has been in a 20-year power purchase agreement with the state-owned Aramco since the mid-2010s.

#3- Supporting Egypt’s objectives in “greening the economy” is one of three main areas that will be discussed during the IMF’s fourth review of Egypt’s IMF loan program, which will begin today, IMF chief Kristalina Georgieva said in a presser attended by EnterpriseAM on Sunday. Private sector support and financial and macroeconomic stabilization were the other two areas.

Could Egypt finally unlock climate financing from the IMF? The IMF team will be discussing green financing through its Resilience and Sustainability Facility next week, Georgieva said. The government applied for an additional USD 1.2 bn in long-term, low-cost climate financing from the IMF's Resilience and Sustainability Facility back in August.

IN OTHER EGYPT NEWS- A MoU between Austria and Egypt on renewable energy and green hydrogen is in the works, Austrian Commercial Counsellor Georg Krenn told Al Borsa. The Egyptian government’s incentives and tax breaks for the clean energy sector are particularly attractive for several Austrian companies, added Krenn. The MoU could be ready around March 2025 during a scheduled Cairo visit by a delegation of representatives from more than 15 Austrian companies.

#4- Acwa Power is looking to triple its production capacity to 180 GW by 2030, and also increase its desalination production to 8 mn cubic meters per day — making it the world’s largest private desalination company, Argaam quotes its CTO Bart Bosmans as saying. The renewables giant’s investments are split right down the middle in their distribution across local and foreign markets, Bosmans said.

#5- The Saudi Power Procurement Company initiated the bidding process for four battery energy storage projects located in the Makkah, Qassim, and Hail regions, each with a capacity of 500 MW and a storage duration of four hours, according to a statement. The selected bidders will have full ownership and will develop the projects under a build-own-operate model. Each project will be part of a 15-year agreement with the main buyer, the statement read. No details regarding the investment tickets were disclosed. The project is part of the Energy Ministry’s national renewable energy program.

DANGER ZONE-

E-waste could “escalate beyond control” due to AI demand: As demand for generative AI surges, electronic waste (e-waste) is expected to reach 1.2-50 mn metric tons by 2030 as well, according to a study published in Nature Computational Science.

The study found that e-waste could reach five mn tons per year, but the scientists believe their projections could actually be an underestimation as the AI industry grows rapidly and server turnover due to operational cost reductions accelerates. According to the MIT Technology Review, this would account for 12% of the annual e-waste generated by the world each year.

There are ways to reduce e-waste: The study recommended developing a circular economy, which could lead to a 16-86% reduction in e-waste generated. Part of this would include prolonging the use of existing products to delay replacement, refurbishing, and reusing components, and extracting valuable materials through recycling. Designing the products in a way that makes recycling and refurbishing easier could be key, the study’s co-author Asaf Tzachor told MIT Technology Review.

What is e-waste? E-waste refers to waste from electrical and electronic equipment and accounts for 5% of all solid waste, according to Britannica. In the case of AI-linked e-waste, this could include GPUs, CPUs, and memory and storage devices. The waste often contains harmful substances, such as lead, mercury, and chromium, that damage health and the environment. At the same time, there are useful materials that can be recovered, including copper, gold, aluminum, and rare earth elements, which sets it apart from regular municipal waste.

There have been efforts to reduce e-waste in the region: Tadweeer signed last year a USD 11.36 mn agreement with KSA-based firms Tebrak Trading & Contracting Company and Mounes Mohamed Alshayeb for Civil Construction for the development of e-waste repurposing plants in Saudi. Egypt’s government also recently said a group of Mauritian investors was exploring the possibility of constructing a large-scale electronic waste recycling facility in Egypt to extract gold, platinum, silver, palladium, and copper from electronic devices and convert plastic waste into fuel. Last May, UAE-based waste management company Tadweer Group acquired 100% of the Dubai-based e-waste specialist Enviroserve — dubbed as the only integrated e-waste processor in the Middle East, Africa, and the Caucasus region.

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IFC backs Turkish cement producer with USD 70 mn decarbonization loan

Another USD 70 mn green loan for Turkey: The IFC agreed to loan Turkish cement manufacturer Çimsa Çimento USD 70 mn to aid its decarbonization plans, according to a press release. The money will help the energy-intensive company increase its use of renewable energy to 20% by 2025 while reducing its emissions by 10%. Turkey is the world’s second-largest cement exporter, with Çimsa making a significant contribution.

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What are Çimsa’s decarbonization plans? The company’s decarbonization efforts will include increasing energy efficiency, installing solar PV panels, improving waste heat recovery systems, and increasing the share of power generated from renewables. The IFC will also support Çimsa with its Cement Decarbonization Tool Advisory Service, which helps companies in the hard-to-abate sector identify where their operations can be optimized.

IFC 💚 Turkey: The IFC is a major backer of Turkey with a USD 5.2 bn financing portfolio. Last month, the IFC backed QNB Türkiye’s blue and green bond issuance. The corporation also injected EUR 100 mn into the private bank Türk Ekonomi Bankası A.Ş. in May to fund women-owned SMEs that are geared towards climate mitigation and adaptation as well as agribusinesses. In October 2023 , the IFC said it would invest USD 125 mn in Diversified Payment Rights (DPR) to Turkey’s state-owned bank Yapı Kredi, with at least 35% of the funds earmarked for SMEs focused on energy efficiency and renewables.

ICYMI- Just last week, the Climate Investment Funds also announced USD 70 mn in the country’s power transmission infrastructure to support expansion. CIF, alongside the European Bank for Reconstruction and Development and the World Bank Group, hopes that this initial investment would help galvanize more than USD 1 bn more funding from other partners to support grid expansion efforts.

Global GDP at risk due to modest investments in climate mitigation

Climate investments in mitigation and adaptation are falling short, with the annual shortfall expected to hit a staggering USD 2.7 tn by 2030, a Moody’s report found. Despite clean energy galvanizing a projected USD 2 tn investment in 2024, the USD 2.7 tn shortfall includes a USD 2.4 tn gap in mitigation investments and another USD 330 bn gap in adaptation investments — which receives less funding due its having less defined commercial potential, the report says. The total shortfall is equivalent to 1.8% of global GDP, according to Moody’s.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

How are the Middle East and Africa faring? To hit net zero by 2050, mitigation spending in the Middle East needs to grow 622% in the next five years to USD 195 bn, and adaptation investments must increase ninefold from 2022 figures to USD 27 bn in 20230. Africa would also need major investment increases to close the estimated funding gaps of USD 131 bn and USD 22 bn for mitigation and adaptation, respectively.

The shocks to GDP would be significant under the current trajectory: Climate risks could cause the world to lose 14% of its GDP, impacting emerging and advanced economies alike, although Sub-Saharan Africa and Asia would be hit hardest with potential economic losses exceeding 30% of GDP by 2050 under current policies and planned clean energy investments.

Net-zero could soften the blows, but the full economic payoff may not be realized for a decade or more: Although climate-induced GDP losses are inevitable, a net-zero trajectory could help countries halve their losses. In this scenario, nations would still see GDP losses in the next decade, but the world would reach a breaking point by the mid-2030s, reversing losses into growth and saving 2% of annual GDP by 2050. This rebound would largely be due to reduced climate-related losses, such as extreme weather events and crop failures, and increased productivity. Still, the world’s economy would shrink by 7.1%.

The benefits of net-zero will not be evenly distributed: Asia's emerging markets, with their resource wealth and technological readiness, are poised to benefit from the transition, but high climate risk exposure could still lead to significant economic losses. Africa, on the other hand, could benefit from investments in clean technologies. However, factors like commodity price volatility, limited trade integration, and financing challenges could offset these gains, and the distribution of these impacts may vary across countries and sectors.

Our region’s GDP, however, would be hit hardest in the net-zero scenario. The Middle East would be the only region in which GDP losses from net-zero outweigh losses under current climate projections, the report says.

The data is clear, but emerging countries face difficult choices: Emerging countries — where climate investment gaps are usually the highest — are already burdened with high levels of debt and face competing spending priorities on essential sectors and services, such as health, education, and infrastructure. While a swift transition to a net zero can significantly mitigate future losses, climate mitigation spending would further strain the budgets of emerging markets if governments bear the total cost of the policies. Countries like South Africa, India, and Brazil would be hardly hit with elevated public debt levels.

The private sector’s role will be key in net zero: Public debt by 2050 will be higher regardless of who funds the transition. However, even a modest increase in private-sector financing can significantly reduce the fiscal impact on governments. For instance, in South Africa, increased private sector participation could reduce the government's debt burden by over 20 percentage points of GDP.

WMZ contracts Sinosteel for Algerian zinc project

A new Zinc mining project in Algeria: Algerian-Australian JV Western Mediterranean Zinc Spa (WMZ) signed a USD 336 mn Engineering, Procurement, and Construction (EPC) contract with China’s Sinosteel Equipment & Engineering to develop the Tala Hamza Zinc and Lead Project in Algeria, according to a company disclosure (pdf). Funding agreements for the EPC contract have been formalized for the next 18 months, and construction will begin in the coming weeks. The project is set to begin operations in 2026, according to an Algerian government statement.

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Who owns what? WMZ is a special-purpose joint venture between ASX-listed Terramin Australia (which holds 49%) and the Algerian state-owned mining company ENOF (holding a 48.5% stake) and geological research agency ORGM (which owns the remaining 2.5%).

What will Sinosteel do? The Chinese company will set up the underground mine and the plant’s processing facility, both with a capacity of 2.0 mn tons of ores per annum. Sinosteel will also be responsible for developing the necessary infrastructure for wastewater management, electrical supply, storage, and all other necessary civil works.

About Tala Hamza: The project — which Terramin says could be one of the top 10 zinc mines in the world — has been in the works for over six years now, with the owner company WMZ securing the mining permit in 2023. The permit area has a resource estimate of 53 mn tons (Measured, Indicated, and Inferred) grading at 5.3% zinc and 1.3% lead, based on a cut-off grade of 2.5% zinc equivalent, including probable reserves. The mine’s production is expected to peak at 153k and 36k tons per year for zinc and lead, respectively.

REMEMBER- Zinc has potential for ion batteries: Zinc-ion is touted as a better battery storage option than lithium-ion due to its non-flammable properties, which reduce fire hazards. Zinc is also less expensive, more abundant, and has a larger temperature threshold making its batteries easier to maintain while causing less environmental damage. Zinc-ion batteries last much longer than lithium-ion reaching 20 years life expectancy, compared to lithium’s 12 years. While zinc-ion batteries are promising they still fall short on energy density in comparison to lithium-ion batteries.

OQ subsidiary to list 49% stake on Muscat Stock Exchange

GREEN FINANCE-

Oman's OQBI plans 49% IPO to support economic diversification: Oman's OQ Base Industries (OQBI) — a subsidiary of the state-owned OQ energy group focused on methanol, ammonia, and liquefied gas — plans to list up to a 49% stake on the Muscat Stock Exchange as part of a national push for privatization and economic diversification, Reuters reports.

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Not a first for OQ: This IPO follows OQ’s recent IPO of its exploration and production arm, which raised around USD 2 bn, making it Oman’s largest-ever IPO despite falling on their debut.

OQ is going in on green ammonia production: Oman’s state-owned Hydrom signed an agreement last year with the Hyport Duqm Consortium — a JV between OQ Alternative Energy and DEME Concessions — for the construction of a green hydrogen production facility that will produce about 1 mn tons of green ammonia. OQ Alternative Energy — the green unit of OQ — is also among the backers of the Green Energy Oman clean fuels hub which will aim for a production capacity of 1.8 mn tons of green hydrogen annually, supplemented by 25 GW of renewables.

SOLAR-

Egypt's MSMEDA and UNIDO launch financing program to boost solar sector: Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) launched a new financing program to support solar energy companies in Egypt, MSMEDA said in a statement on Sunday. This program — supported by the United Nations Industrial Development Organization (UNIDO) — aims to provide companies with financing options tailored for solar energy projects, including working capital and machinery loans with flexible repayment terms.

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More details: The program targets Egyptian companies specializing in the supply, installation, operation, and maintenance of solar panels, offering loans up to EGP 30 mn for small enterprises and EGP 60 mn for medium enterprises. In addition to financial support, the program includes training, consultancy, and policy development assistance to help companies scale their operations and improve competitiveness in the solar sector.

RENEWABLES-

GE Vernova completed the development of five 132 kV substations as part of a larger project with the Iraqi Electricity Ministry involving 10 substations, aiming to enhance grid stability and efficiency, according to a statement. The remaining substations are set to be completed and energized by summer 2025. Collectively, the 10 stations will replenish Iraq’s grid with an additional transmission capacity of 2,200 megavolts-ampere (MVA) — enough to connect electricity to around 300k households.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

du lunched battery recycling initiative: UAE Telecom services provider du — formerly the Emirates Integrated Telecommunications Company — has partnered with Dubatt Battery Recycling to recycle lead acid batteries from its operations. The recycling process will recover valuable materials like lead and sulfuric acid. (Statement)

Emissions put developing Asia’s GDP at risk

Lack of climate action could cut developing Asia’s GDP by 17% by 2070: If emissions remain high, developing Asia — counted as 46 Asia-Pacific countries from Georgia to Samoa but not including Japan, Australia, and New Zealand — could see a 17% loss in GDP by 2070 and a 41% loss by 2100, Reuters reported, citing a report by the Asian Development Bank (ADB). The losses would mainly stem from rising sea levels and insufficient labor productivity. Developing Asia has managed to reduce emissions by 50% since 2000 but still produces almost half of global emissions due to increasing energy demand and consumption. The report estimates that USD 102-431 bn will be needed annually for regional countries to adapt to climate change.

Defense concerns halt Sweden’s offshore wind ambitions: Sweden rejected applications for 13 offshore wind farms it previously planned in the Baltic Sea, citing defense vulnerabilities, Reuters reported. The farms planned on the country’s eastern coast would undermine the country’s air defenses’ ability to detect and intercept missiles, halving reaction time to just one minute, the country’s Defense Minister Pal Jonson said. This would be an acceptable risk for Sweden, whose capital is 500 km away from Russia’s exclave of Kaliningrad. Meanwhile, the country has greenlit its Western coast offshore farms.

Falling behind: The move sheds doubt over Sweden’s ambitious plan to double its electricity generation to about 300 TWh in the next two decades. Despite favorable conditions for offshore wind power in Sweden, the clean energy source has already seen limited development due to financial concerns over grid connection costs.

Chinese-owned solar factories relocate to Indonesia to avoid US tariffs: Major Chinese-owned solar factories in Vietnam are shifting operations to Indonesia and Laos to avoid the expanded US tariffs targeting China-linked solar imports from Vietnam, Thailand, Malaysia, and Cambodia, Reuters reports. The companies want to use the new facilities in Indonesia and Laos to supply nearly half the solar panels installed in the US last year.

ICYMI- The US Commerce Department announced preliminary tariffs on solar imports from Southeast Asia last month on the claim that the panels are benefiting from illegal foreign subsidies to supply products at prices lower than their cost. The general rates are 8.25% for Cambodia, 9.13% for Malaysia, 23.06% for Thailand, and 2.85% for Vietnam, while company-specific rates will be 14.72% on Hanwha Q Cells Malaysia imports, 3.47% on imports from JinkoSolar Malaysian entities, 0.14% for Trina Solar, and 2.85% for some JA Solar Technology operations in Vietnam.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

An environmentalist group is suing the US to block a Nevada lithium mine they say will wipe out the threatened flower species Tiehm’s buckwheat. The Center for Biological Diversity — representing a group of native American plaintiffs — blasted the federal government for granting the mining license just two years after it classified the flower as an endangered species. Tiehm’s buckwheat is endemic to the exploration area in Nevada — which hosts the only known population of the species. (AP)

The US elections are here. What will the outcome mean for climate policy?

Environmentalists and diplomats are preparing for the possibility of another American withdrawal from the Paris Agreement under a second Trump administration, Bloomberg reported. Being the world’s second-largest greenhouse gas emitter, a US exit from the Paris Agreement could significantly impact global climate negotiations, potentially stalling new climate actions and altering the dynamics of the United Nations climate talks. The US departure might also provide political cover for other countries to delay their commitments.

Trump has a track record: The former president had blocked a forum for major economies' leaders to discuss energy and climate in 2017. “Other countries that are working hard on climate will not be burned again by an administration acting on behalf of fossil fuels interests,” NRDC Action Fund senior adviser Jake Schmidt said.

Concerns are running high: UN Secretary-General António Guterres issued a stark warning about the potential consequences of a second US withdrawal from the Paris Agreement at the COP16 biodiversity summit in Colombia, The Guardian wrote. Guterres emphasized the importance of the US remaining in the international climate process to prevent crippling the agreement. “A second Trump presidency is game over for meaningful climate action this decade, and stabilizing warming below 1.5C probably becomes impossible,” warned the University of Pennsylvania’s climate scientist Michael Mann.

Even if Trump doesn’t move on the Paris Accords, US climate policy could be severely crippled: Trump also announced his intention to “terminate” the Inflation Reduction Act (IRA), which he referred to as the “Green New Scam,” Axios reported. Trump criticized the law and pledged to rescind all unspent funds under the IRA, a move that would require congressional approval and could potentially disrupt numerous clean energy projects and jobs.

What else is on the line? The IRA includes tax credits for clean energy investments, estimated to reach up to USD 1.2 tn over 10 years. The law also provides funding aimed at reducing greenhouse gas emissions and supporting the green transition. Halting these funds could leave many projects in limbo, especially those without finalized contracts.

Some oil majors are also concerned: TotalEnergies CEO Patrick Pouyanné is worried Trump’s climate moves would instigate backlash against the oil industry, the Financial Times reports. Some other major oil players are also among the big beneficiaries of Biden’s IRA’s tax credits and funds. For example, Chevron, ExxonMobil, and Occidental Petroleum are big fans of the IRA, having received support for decarbonization from the USD 370 bn in green tax breaks and subsidies.

Meanwhile, climate skeptics are waiting to seize the day: Climate skeptics are laying the groundwork to revive coal-fired power plants, undermine the Environmental Protection Agency (EPA), and challenge the scientific models used in federal climate assessments, Bloomberg reported. These plans include boosting coal power and dismantling the scientific integrity of the EPA by blocking its research and altering its climate modeling methodologies.

The EU has its own concerns: European businesses are expressing significant concerns over the potential economic impact of a second Trump presidency who pledged to increase tariffs on foreign imports, Politico reported. These tariffs could severely affect European companies, particularly those involved in green goods and climate change initiatives, BusinessEurope deputy director general Luisa Santos said.

China hopes that the US will maintain its climate change commitments regardless of the presidential election outcome, Reuters reports, citing comments by the director general of the climate office at China's Environment Ministry.

CALENDAR

NOVEMBER 2024

4-7 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), Abu Dhabi, UAE.

4-8 November (Monday-Friday): World Urban Forum, Cairo, Egypt.

4-8 November (Monday-Friday): African Energy Week, Cape Town, South Africa.

6-7 November (Wednesday-Thursday): Critical Mineral Africa Summit, Cape Town, South Africa.

11-22 November (Monday-Friday): United Nations Climate Change Conference or Conference of the Parties (COP29), Baku, Azerbaijan.

11-14 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference, Abu Dhabi, UAE.

18-19 November (Monday-Tuesday): G20 Summit, Rio de Janeiro, Brazil.

19-22 November (Tuesday-Friday) Aquaculture Africa 2024, Hammamet, Tunisia.

26- 27 November: (Tuesday - Wednesday): World Food Security Summit, Abu Dhabi, UAE.

26-28 November (Tuesday-Thursday): Future Power Expo, Riyadh, Saudi Arabia.

26-28 November (Tuesday-Thursday): Egypt Energy Show, Cairo, Egypt.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Ras Al Khaimah, UAE.

DECEMBER 2024

2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification, Riyadh, Saudi Arabia.

3-4 December (Tuesday-Wednesday): MSGBC Oil, Gas & Power 2024 conference, Dakar, Senegal.

3-5 December (Tuesday-Thursday): World Energy storage Conference, Doha, Qatar.

4-6 December (Wednesday-Friday): International Conference on Smart Power & Internet Energy Systems, Abu Dhabi, UAE.

10-12 December (Tuesday to Thursday): International Mangrove Conservation and Restoration Conference, Abu Dhabi, UAE.

16-18 December (Monday-Wednesday): Saudi Arabia Smart Grid Conference, Riyadh, Saudi Arabia.

22-24 December (Sunday-Tuesday): Renewable & Sustainable Energies And Green Processes Conference, Sousse, Tunisia.

JANUARY 2025

12-15 January (Sunday-Wednesday): World Renewable Energy Congress, Manama, Bahrain.

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi, UAE.

15-16 January (Wednesday-Thursday): Future Minerals Forum, Riyadh, Saudi Arabia.

18-19 January (Saturday-Sunday): Libya Energy & Economic Summit, Tripoli, Libya.

28-29 January (Tuesday-Wednesday): Sustainability Forum Middle East, Riyadh, Saudi Arabia.

FEBRUARY 2025

17-19 February (Monday-Wednesday): Egypt Energy Show, Cairo, Egypt.

23-25 February (Sunday- Tuesday): Global Water Energy and Climate Change Congress, Manama, Bahrain.

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai, UAE.

24-27 February (Monday-Thursday): Oman Climate Week, Muscat, Oman.

JUNE 2025

17-20 June (Tuesday-Friday): Mediterranean Water, Irrigation and Photovoltaic Exhibition, Tunisia.

EVENTS WITH NO SET DATE

2024

End-2024: Emirati Masdar’s 500 MW wind farm in Uzbekistan to begin commercial operations.

QatarEnergy’s industrial cities solar power project will start electricity production.

November: Arab Forum for Renewable Energy and Energy Efficiency, Amman, Jordan.

2025

International Union for Conservation of Nature World Conservation Congress, Abu Dhabi, UAE.

UAE to have over 1k EV charging stations installed.

Middle East Electric Vehicle Show, Sharjah, UAE.

2026

26-29 October (Monday-Thursday): World Energy Congress, Riyadh, Saudi Arabia.

UITP Global Public Transport Summit, Dubai, UAE.

Annual Meetings of the World Bank and the International Monetary Fund, Bangkok, Thailand.

1Q 2026: QatarEnergy’s USD 1 bn blue ammonia plant to be completed.

End-2026: HSBC Bahrain to eliminate single-use PVC plastic cards.

2027

MENA’s district cooling market is expected to reach USD 15 bn.

World Water Forum, Riyadh, Saudi Arabia.

2030

UAE’s Abu Dhabi Commercial Bank (ADCB) wants to provide AED 35 bn in green financing.

UAE targets 14 GW in clean energy capacity.

Tunisia targets 30% of renewables in its energy mix.

Qatar wants to generate USD 17 bn from its circular economy, creating 9k-19k jobs.

Morocco’s Xlinks solar and wind energy project to generate 10.5 GW of energy.

2035

Qatar to capture up to 11 mn tons of CO2 annually.

2045

Qatar’s Public Works Authority’s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm/d capacity.

2050

Tunisia’s carbon neutrality target.

2060

Nigeria aims to achieve its net-zero emissions target.

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