Jordan sweeps COP28 with nine agreements to explore green hydrogen production and finance proposals

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WHAT WE’RE TRACKING TODAY

TODAY: A productive COP28 for Jordan + Acwa Power will build Indonesia’s largest green hydrogen facility

Good morning, friends. It’s COP28 “Day of Rest” while delegates and negotiators take a breather from the week’s flurry of activities, but we have a full roundup of everything that went yesterday at the summit.

HERE’S THE COP28 GUIDE: Click here to check out handy guide (pdf) for the main thematic days and what to expect. Head to the official events schedule for a full rundown of all the panels, workshops, discussions, debates, and keynote speeches.

DAYS TO LOOK FORWARD TO-

10 December: Food, Agriculture, and Water

10-11 December: Final Negotiations

A BRIEF LOOK AT COPLAND- UN climate chief slams nations over climate posturing: Countries negotiating at COP28 need to agree on committing to resolute action to end the “fossil fuel era as we know it" rather than try to “score points” or play “lowest common denominator politics,” UN climate chief Simon Stiell said yesterday, according to a statement. With the summit nearing its midpoint and the climate talks suggesting different possible verdicts on fossil fuels, Stiell urged governments to give their negotiating delegates “clear marching orders” to meet the climate targets.

MORE BNS FOR RENEWABLES IN THE UAE- The UAE plans to commit USD 100 bn toward clean energy investment over the next eight years, UAE Foreign Trade Minister Thani Al Zeyoudi told Asharq Business. The new financing target is almost double the USD 54 bn the country had pledged by 2030 in a bid to triple its renewables production capacity. The UAE unveiled its renewables strategy back in 2017, setting out a target to source 50% of its power from clean energy sources by 2050. The country’s renewables generation capacity currently stands at 20 GW, Al Zeyoudi noted.

IN AVIATION NEWS- Masdar + TotalEnergies debut Methanol-to-SAF powered flight: A consortium comprising Masdar, TotalEnergies, Airbus, Axens, and Falcon Aviation Services have successfully completed the first flight test powered by sustainable aviation fuel (SAF) produced from methanol on the sidelines of COP28, according to a statement. The UAE General Civil Aviation Authority worked with the companies on the pilot flight.

Why this matters: Methanol isn't among the alcohols in the Alcohol-to-Jet Synthetic Paraffinic Kerosene pathway which was certified in 2016 as meeting international standards for jet fuel. However, the flight used an SAF blend made from olefins, which can bypass the restrictions for obtaining the certificate. This new method can eventually allow for SAF to be produced from renewables (eSAF).

And there’s a new tool to measure SAFs' impact: Illinois-based United Airlines Holdings and other carriers including Microsoft, RMI, and the Environmental Defense Fund launched the SAFc Registry which measures the emissions benefits of new SAFs that airlines blend into jet kerosene, Bloomberg reports. SAF can be made from a variety of feedstocks that have different emissions profiles and need more sophisticated methods to accurately assess the amount of CO2 reduced.

MORE BACKING IN THE COAL EXIT- UAE and Malta join pledge to phase out coal: Malta and the UAE joined the UK-led Powering Past Coal Alliance (PPCA) on Tuesday, vowing alongside 57 other countries to accelerate the transition from coal to clean energy, the PPCA said in a statement. The two countries are the latest to commit after seven other nations, including the US and Cyprus, joined the alliance on 2 December. The UAE has become the first country in the MENA region to vow to abate coal.

UAE and Malta already quit coal: Both countries have joined under the "phase-out date: coalfree" position, while countries including the UK, Portugal, and Hungary took the “phase-out date: before 2025” position, and the US, Singapore, and Kosovo joined under the "phase-out date: after 2025” position, S&P Global reports. The UAE converted its sole coal-fired power plant, the Hassyan power station, to use natural gas back in 2022. Despite 10% of its power being generated from imported coal, Malta phased out coal power in 1995.

WATCH THIS SPACE #1- Korea wants in on Oman’s green hydrogen industry: South Korea is hosting the Korea-Oman Green Hydrogen Strategic Forum from 12 to 14 December in Muscat in efforts to attract foreign investment in Oman’s emerging green hydrogen sector, Oman Observer reports. The forum is set to build on strategic green energy ties between Korean and Omani stakeholders and promote cooperation on green hydrogen infrastructure, hydrogen charging stations, hydrogen commercial vehicles, and waste-to-energy businesses, the news outlet said.

REMEMBER- Korea already has green ties with Oman: In September, Korea Western Power (Kowepco) — along with France’s EDF Renewables — began the construction of a 500 MW Manah solar plant in Oman. In August, Oman’s Energy and Minerals Ministry signed an MoU with South Korea’s Environment Ministry to strengthen and develop bilateral cooperation in the green transition. A consortium led by South Korea’s steelmaking company Posco Group was awarded in June a USD 6.7 bn contract to set up what was described at the time as the world’s largest green hydrogen plant in Oman’s Duqm.

DANGER ZONE- Sovereign wealth funds have stalled when it comes to climate: Despite the world’s sovereign wealth funds sitting on almost USD 12 tn, that cash is not likely to go to climate investments, Reuters reports. Sovereign wealth funds have donated less than USD 10 bn to the climate fight, and countries like Norway and the UAE have mandates requiring predictable returns which limits their options for investment in sustainable projects.

Stagnant levels:Sustainable investments — from renewable energy to recycling and sustainable agriculture — by global sovereign wealth funds peaked at USD 9.6 bn in 2018, and dropped down to USD 9.3 bn in 2022, according to research by the Center for the Governance of Change at Spain's IE University. The world needs USD 125 tn by 2050 to achieve net zero greenhouse gas emissions, Reuters reports, citing UN-commissioned research. The UN and the International Finance Corporation are looking to sovereign wealth funds to fill the USD 4 tn annual developing world funding gap, but the top 10 funds — controlling 90% of assets — are dominated by oil wealth.

Our region is making some moves: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is eyeing a USD 250 mn stake in Chinese electric car manufacturer Human Horizons, and it also recently signed a JV agreement with Hyundai Motor Company to establish a USD 500 mn highly automated vehicle manufacturing plant in the kingdom. UAE sovereign fund Mubadala issued a USD 750 mn green bond with an order book surpassing USD 6 bn leading to a 9.1x subscription rate in October.

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CIRCLE YOUR CALENDAR-

Oman will host the Green Hydrogen Summit Oman (GHSO) from Tuesday, 12 December to Thursday, 14 December in Muscat. GHSO is the region’s largest green hydrogen event and will bring together global decision makers across the policy, tech, finance, and industry sectors to discuss sustainable energy solutions. The three-day event features a conference on green hydrogen with over 100 speakers and more than 50 key industry players who will be exhibiting their latest innovations.

Saudi Arabia will host theFuture Minerals Forum from Tuesday, 9 January through to Thursday, 11 January in Riyadh. The event will bring nations and private sectors together to enable the creation of resilient mineral value chains in the resource rich regions of Africa, Western Asia, and Central Asia. The forum will hold a ministerial roundtable with over 60 countries being represented, and delegates will discuss global critical mineral strategies as well as an international exhibition with over 150 exhibitors and industry sponsors.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

A productive COP28 for Jordan + Acwa Power will build Indonesia’s largest green hydrogen facility

It’s been a busy COP for Jordan: The kingdom has been inking agreements left and right in the run up to updating its 2030 renewable energy plans with more ambitious targets by the end of this year or early next year by the latest. Acwa Power also made moves further into Indonesia.

GREEN HYDROGEN-

Jordan inks a spate of green agreements at COP28: Jordan’s Energy and Mineral Resources Ministry has signed nine MoUs during COP28 on green fuels, green financing, and more, according to a statement.

First up, green ammonia: The ministry signed MoUs to conduct feasibility studies to explore green ammonia production in the Kingdom. The first will be conducted by Saudi’s Acwa Power to produce 100-150k tons of green ammonia annually. The second will be conducted by a consortium comprising the Korea Electric Power Corporation and Xenel International to produce green hydrogen and 1 mn tons of green ammonia annually. India’s Ocior Energy will conduct another study for the production of 100k tons yearly, increasing to 1 mn tons by 2030, while Catalyst Investment Management Jordan will explore producing 150k tons of green ammonia as well.

Then onto green finance: The ministry also signed an MoU with Italy's Ministry of Environment and Energy Security to explore ways to finance project proposals and initiatives of the Jordan Renewable Energy and Energy Efficiency Fund for the next four years.

And more: The ministry also signed a letter of intent with the Canadian Commercial Corporation to implement energy conservation projects for Jordanian government buildings within the ESCO2 model program, promote the work of energy rationalization and conservation projects in buildings, and increase financing options. The last MoU was signed with Guidehouse International to rationalize energy use within the Heating and Cooling of Buildings program in Jordan.

Acwa Power takes a big step in Indonesia’s green hydrogen market: Saudi's Acwa Power signed an agreement with Indonesia's PT Perusahaan Listrik Negara (PLN) to build the largest green hydrogen facility in Indonesia, according to a statement. The USD 1 bn project — dubbed the Garuda Hidrogen Hijau (GH2) — will have a capacity of 150k tons of green hydrogen annually, powered by 600 MW of solar and wind energy. Commercial operations for GH2 will begin in 2026.

Not the first PLN-Acwa Power partnership: Acwa Power partnered with the state-owned company last year to develop a 4 GW battery storage facility and a hydroelectric-powered green hydrogen production facility. The Tadawul-listed company was also tapped by PLN to develop two floating solar PV solar projects worth USD 105 mn last year. In October, Indonesia’s President Joko Widodo concluded a state visit where he discussed increasing bilateral cooperation in the renewable energy sector with KSA’s Crown Prince Mohammed bin Salman

ADIO partners with Masdar on financing hydrogen development: The Abu Dhabi Investment Office (ADIO) has signed an agreement with UAE state-owned renewables giant Masdar to facilitate financing towards the development of green hydrogen infrastructure in Abu Dhabi, according to a statement. In a bid to bring down green fuel generation costs and connect power consumers to hydrogen sites, the agreement will see both sides collaborate on channeling funds toward setting up hydrogen production, storage, and transport infrastructure across the country. Masdar has set a target of generating 1 mn tons of green hydrogen annually by 2030 in line with UAE plans to capture 25% of the market by the end of the decade.

And ADIO is making moves in the clean energy sector: Earlier this week, ADIO signed a partnership agreement with US-based nonprofit New Energy Nexus to help climate tech companies in a later stage of development set up shop in Abu Dhabi, according to a statement.

UAE’s ENOC + Japan’s IHI begin feasibility studies for signed ammonia plant: The Emirates National Oil Company Group (Enoc) and Tokyo-headquartered engineering firm IHI Corporation are launching feasibility studies on their planned UAE-based green ammonia production plant, according to a statement.

About the project: Enoc and IHI inked an MoU back in 2022 to develop what was planned to be the Emirates’ first ammonia generation facility, with an aim to export a portion of the green fuels to Japan and other Asian markets. The solar-powered project would produce renewable fuels at Enoc’s existing facilities, and a chunk of planned production would be earmarked for domestic consumption to feed electricity or fuel ships.

Both companies are planning expansions in MENA’s green fuels markets: Back in February, IHI said it is looking to invest in Indian renewables company Acme Group’s proposed green hydrogen and ammonia projects in Egypt and Oman. The projects likely include Acme’s planned 2.2 mn ton green hydrogen facility in the Ain Sokhna Industrial Zone, and its planned 1.2 mn ton green ammonia plant in Oman. Enoc also signed an agreement with Finnish oil refining company Neste last month to explore avenues for the purchase and supply of SAFs both in the UAE and the wider MENA region. Enoc plans to supply SAF to Dubai Airports starting 2024 and is currently exploring SAF production both domestically and abroad.

SHIPPING-

DP World + PIL ink MoU for green solutions: Emirati logistics giant DP World inked an agreement with Singapore-based shipping company Pacific International Lines to develop green solutions for global supply chains, according to a statement. The pair will run trial shipments between Jebel Ali Port, Dubai and destinations within PIL’s network, with initiatives to reduce the shipments’ GHG footprints, including powering vessels using a biofuel blend as well as deploying container handling equipment that runs on renewable energy.

DESALINATION-

Metito + Tahliya will develop two desalination projects in Morocco: The UAE's infrastructure company Tahliya Group and local water management provider Metito Utilities have signed an agreement to develop two renewable energy powered desalination plants in Morocco, Trade Arabia reports. No information on the capacities of the plants was disclosed. As part of the project, the desalinated water will be used in a multi-user irrigation system for farming. Metito will explore using capital from different avenues to fund the project including its Africa Water Infrastructure Development platform.

CARBON CAPTURE-

Bapco + MOL partner on cross-border CO2 transport and sequestration: Bahrain's Bapco Energies and Japan's Mitsui O.S.K. Lines (MOL) have signed an MoU to develop cross-border CO2 transport and sequestration in a bid to eventually establish a carbon dioxide capture and storage (CCS) value chain, according to a statement. Under the agreement, MOL will provide marine transportation of liquified CO2 and Bapco will provide the sequestration sites. They will also conduct two studies for the project; one on the cost of using the permanent CO2 storage owned and operated by Bapco in Bahrain and the other to study potential markets in Asia Pacific regions.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Bahrain taps Masdar for clean energy expansion: Bahrain’s sovereign wealth fund Mumtalakat Holding Company signed an MoU with the UAE’s Masdar to develop a portfolio of renewables projects across the kingdom. Both sides will also explore co-investing in low-carbon projects internationally. Bahrain has set a target to source 20% of its power from clean energy by 2035 as part of its 2060 carbon-neutrality target. (Statement)
Oman’s PDO works to regulate carbon capture: Oman’s Petroleum Development Oman (PDO) has signed a cooperation agreement with the Global Carbon Capture and Storage Institute to jointly devise regulatory frameworks for the implementation of carbon capture, storage, and transport technologies in the sultanate. PDO is owned by the government, Royal Dutch Shell, TotalEnergies, and Partex. (Oman News Agency)
UAE and Fiji partner on renewables: The UAE and Fiji will partner to develop the second phase of the Lakaro Renewable Energy Project in Fiji. Through state-owned renewables firm Masdar, the Emirates helped establish phase one of the solar project back in 2015 and is committing USD 1.5 mn towards the second phase, partially funded by the Abu Dhabi Fund For Development. (Wam)

UAE’s Neovision sets up USD 250 mn carbon credit fund + E& secures USD 100 mn green loan

Neovision sets up USD 250 mn carbon credit fund: UAE-based financial institution Neovision Wealth Management is establishing a USD 250 mn fund to invest in the development of carbon credits across developing markets, Bloomberg reports. The fund — dubbed The Global Carbon Credit Development Fund — will earmark investments for nature-based carbon offsetting projects implemented by Global Frontier Capital, which is currently undertaking reforestation projects across Africa, Asia, and South America. The fund is the first of its kind in the MENA region, Neovision says.

REMEMBER- Carbon markets have been picking up steam across the region, with the Dubai Financial Market (DFM) launching its maiden voluntary carbon market (VCM) at COP28 on Tuesday. Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) set up a regional voluntary carbon market company back in October. Egypt is also launching its first voluntary carbon market soon, and has identified 16 sectors — including renewable energy, waste management, and carbon capture — in which it aims to attract investments in CO2 offsets trading.

E& secures USD 100 mn green loan: UAE-based telecommunications and tech investment firm E& — formerly known as the Etisalat Group — has secured an AED 366 mn (c.USD 100 mn) sustainability-linked loan to help finance development projects in the clean energy sector, Wam reports. E& will channel its first green loan toward funding and refinancing renewable energy, clean transport and energy efficiency projects. The credit line will also help fund future ventures in the sustainable water supply, waste management, green buildings and pollution reduction industries, the news agency notes. The lender was not disclosed.

Committing to net zero targets: E& said it is committed to reach net-zero by 2040 for its scope 1 and 2 emissions across its global operations, Wam reports. The company set a more ambitious target for its UAE operations, aiming to get to net-zero by 2030, and slashing 25% of its scope 3 emissions by the end of the decade.

COP28 presidency issues a framework for integrating climate action in urban areas

COP28 presidency leads call for urban climate action: The COP28 presidency — along with UN Habitat, the COP28 UN Climate Change High-Level Champion, and Bloomberg Philanthropies — has issued the Joint Outcome Statement on Urbanization and Climate Change urging for the integration of climate action across all levels of government, according to a statement. Backed by 40 countries, the statement outlines a 10-mechanism framework for addressing climate change and integrating climate action in urban areas. The statement supplements the Coalition for High Ambition Multilevel Partnerships (CHAMP), which was endorsed by over 60 governments.

Addressing the city-climate crisis nexus: With urban areas being responsible for 71-76% of global greenhouse gas emissions and 90% of cities at risk of sinking, there is a dire need to adapt cities to be climate-resilient. To that end, over 250 municipal representatives raised USD 467 mn at COP28 for urban climate action, the COP28 presidency said.

The UAE has released a roadmap for reducing emissions from the cement, iron, steel, and aluminum sectors, Wam reports. The roadmap aims to cut 90 mn tons of carbon dioxide annually and 2.9 gigatons of carbon emissions by 2050 by adopting advanced technologies, and focusing on boosting the growth of the national industrial sector, Public Education and Advanced Technology Minister Sarah Al Amiri said.

What we know: The first phase of the roadmap aims to slash emissions by 5% by 2030, followed by a much more ambitious aim of cutting emissions by 63% by 2040. The final phase aims for a 93% reduction in emissions by 2050.

Advanced technologies? More than 50 technologies have been assessed to achieve these goals including clean electricity, carbon capture, utilization and storage (CCUS), alternative fuels, recycling, clinker substitutes, and hydrogen. CCUS alone could contribute to a 70% reduction in carbon emissions by 2050.

TotalEnergies commits to tripling renewables by 2030: Oil and gas giant TotalEnergies is backing the Global Renewables and Energy Efficiency Pledge to triple renewables and improve energy efficiency by 4% by the end of the decade, Reuters reports. The company will channel more investments toward clean energy projects in developing countries in a bid to help phase out fossil fuels, CEO Patrick Pouyanne told Reuters, noting that renewables production — rather than carbon sequestration — is the path to global decarbonization. The pledge has been signed by 116 states in efforts to have global renewable energy generation reach 11 TW by 2030.

No time to waste: The company signed an Agreement on Investment (AoI) pact with the government of Kazakhstan to develop a 1 GW wind farm in the Central Asian country at a cost of USD 1.4 bn earlier this week, according to a statement. The company plans to expand its renewables portfolio from the current 22 GW capacity to 100 GW by the end of the decade.

Kerry wants to advance nuclear fusion globally: US Special Envoy for Climate John Kerry has launched an international plan to accelerate global fusion energy development at COP28, saying that nuclear fusion has the potential to “revolutionize our world,” Reuters reports. The international engagement plan will see the US cooperate with 35 other governments to accelerate efforts to harness the zero emissions source of energy. The plan will focus on areas for international cooperation including research and development, supply chain issues, regulation, and safety.

Why is this important? Nuclear fusion could generate four times more power per kg of fuel than fission reactions — which see nuclei split to release large amounts of energy in the form of heat and radiation — and nearly four mn times more energy than burning oil or coal, the International Atomic Energy Agency (IAEA) explains. The power source “could provide virtually limitless clean, safe, and affordable energy to meet the world’s demand,” the IAEA explains.

The US is making strides in nuclear fusion: The international strategy comes a month after the US and the UK inked an agreement to accelerate nuclear fusion technology. In August, scientists at a national lab in California made a second breakthrough in nuclear fusion, managing to yield a reaction from a fusion ignition that generated more energy than the initial input used to ignite it. The US rolled out last year its vision for developing fusion technology by 2030.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Commonwealth introduces model law for carbon taxation: The Commonwealth Secretariat has rolled out a model law to introduce a carbon tax to be imposed on fossil fuel companies in the 56 Commonwealth countries. This is a preliminary step towards drafting a binding legislation that would help with reducing carbon emissions in the Commonwealth countries. (Statement)
UAE to roll out clean energy + hydrogen strategy by 2024: The UAE is set to release the plans for implementing its hydrogen and energy strategies by early 2024. The plans would build on the country’s updated Energy Strategy 2050, which targets tripling the UAE’s renewable energy capacity and producing 1.4 mn tons of hydrogen per year by 2030. (Wam)

ReFarm + IGS to launch food waste-to-value gigafarm in Dubai

RECYCLING-

ReFarm to launch giant food waste facility in Dubai’s Food Tech Valley by 2026:Dubai-based Food Tech Valley has signed an agreement with ReFarm — a project led by UAE’s SSK Enterprise and UK’s Christof Global Impact (CGI) — to construct a 900k sq ft gigafarmwith a capacity to recycle more than 50k tons of food waste a year, according to a statement. Once completed, the waste-to-value farm will produce 2 bn plants annually, replacing 1% of the UAE’s fresh produce imports. This project is the first of its kind in the world, according to the statement.

More details: Construction of the sustainable farm is scheduled to begin next year, with the farm anticipated to be fully operational by 2026. ReFarm’s project will be developed using vertical farming technology established by Scotland-based Intelligent Growth Solutions, and will seek funding from the UK government’s export credit agency UK Export Finance. Food Tech Valley — the initiative hosting the gigafarm — is aiming to grow over 3 mn kgs of produce each year in efforts to decarbonise food production in the UAE.

‍How it works: Six complementary technologies will operate together on the Dubai Food Tech Valley site to create a closed-loop waste-to-value system, the statement explains. Black soldier fly larvae will recycle food waste on-site, producing organic compost for agriculture, sustainable animal feed, and water for vertical farming. The system will also recover up to 90% of ammonia sulfate from wastewater for plant fertilizers and generate organic biodegradable polymers to gradually supply water and nutrients to crops in dry areas.

CLEAN ENERGY-

South Korea’s SEMP Group debuts AI-powered clean generator at COP28: South Korea-based SEMP Group and Abu Dhabi-based Global Solutions for Project Management unveiled their AI Smart Electromagnetic Generator (AISEG) at COP28, according to a statement. The novel technology, developed over four years, is set to supply energy without producing carbon emissions. The generator has over 70 patents registered in 60 countries.

How does it work? The generator operates without any rotating parts that produce emissions. The “self-powered” generator produces energy without using diesel or any other type of fossil fuel, generating clean and zero emission energy. The AISEG is also reportedly the first power generation system that produces energy with more capacity than the initial input.

CALENDAR

NOVEMBER 2023

30 November - 12 December (Thursday-Tuesday): Conference of the Parties (COP 28), Dubai, UAE.

DECEMBER 2023

1-10 December (Friday-Saturday): Abu Dhabi Sustainability Week COP28 Special Edition, Dubai, UAE.

7-8 December (Thursday-Friday): Future Investment Initiative (FII) Priority, Hong Kong.

8 December (Friday): Youth for Sustainability Forum (Y4S), Dubai, UAE.

12-14 December (Tuesday-Thursday): Green Hydrogen Summit Oman, Muscat, Oman.

18-20 December (Monday-Wednesday):Saudi Arabia Smart Grid Conference, Riyadh, Saudi Arabia.

JANUARY 2024

9-11 January (Tuesday-Thursday): Future Minerals Forum, Riyadh, Saudi Arabia.

FEBRUARY 2024

26-28 February (Monday-Wednesday): Management and Sustainability of Water Resources, Dubai, UAE.

MARCH 2024

4-6 March (Monday-Wednesday): International Conference on Sand and Dust Storms in the Arabian Peninsula, Riyadh, Saudi Arabia.

APRIL 2024

16-18 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi, UAE.

23-25 April (Tuesday-Thursday): Connecting Green Hydrogen MENA, Dubai, UAE.

MAY 2024

19-21 May (Sunday-Tuesday): Saudi Energy Convention, Riyadh, KSA.

JUNE 2024

5 June (Wednesday): World Environment Day, Saudi Arabia.

OCTOBER 2024

10-12 October (Tuesday-Thursday): Autonomous E-Mobility Forum, Doha, Qatar.

DECEMBER 2024

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

EVENTS WITH NO SET DATE

2024

Early 2024: The 2023 US Algeria Energy Forum, Washington DC, USA.

12-14 February (Monday-Wednesday): Sustainable Aviation Futures MENA Congress, Dubai, UAE.

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.

2025

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

UAE to have over 1k EV charging stations installed.

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.

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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