UAE’s Offset8 Capital aims to raise USD 250 mn for a “first-of-its-kind” carbon investment fund

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WHAT WE’RE TRACKING TODAY

TODAY: UAE joins the new Global Biofuels Alliance + UAE’s Offset8 Capital wants to launch a “first-of-its-kind” carbon investment fund

Good morning, ladies and gents. We’re sliding into the weekend with another issue on the lighter side for you to speed through as the temperatures continue to stay swelteringly high.

THE BIG CLIMATE STORY- Abu Dhabi-based asset management firm Offset8 Capital plans to raise at least USD 250 mn for a “first of its kind” carbon investment fund in MENA. It’s aiming to secure the initial capital raise for the close-ended fund in 3Q 2023, subject to regulatory approval.

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

THE BIG CLIMATE STORY OUTSIDE THE REGION- Typhoon madness in the Philippines: At least two people were killed and thousands displaced as Typhoon Doksuri pounded the northern Philippines. The arrival of the super typhoon caused heavy rains, landslides, and power cuts as it intensified in strength. Over 180k people in the country have been impacted by the typhoon, according to the Office of Civil Defense, with dozens of towns facing blackouts. The typhoon, which officials have warned of as the worst storm in a decade, is expected to make its way near Taiwan before making a landfall in China on Friday.

Climate change isn’t helping: The Philippines is one of the most disaster-prone countries in the world, susceptible to a world record of typhoons every year. Climate change is causing typhoons to grow stronger and deadlier due to higher sea surface temperatures and subsurface temperature, which remove the natural barrier on typhoon strength created when cold water up wells from below the ocean’s surface. These stronger typhoons carry more moisture, move faster, and will be aggravated by sea level rise — one of the most certain consequences of climate change.

Doksuri grabbed headlines in the international press: Reuters | Bloomberg | The Associated Press | CNN | The New York Times

WATCH THIS SPACE #1- A new green hydrogen company in Egypt? The board of directors of Egypt’s state-owned Misr Fertilizers Production Company (Mopco) have approved setting up a green hydrogen production company with the Egyptian Petrochemicals Holding Company (Echem) and Norway’s Scatec, according to an EGX disclosure (pdf). The hydrogen produced by the company will be used to power green ammonia plants, the statement said. Mopco, Echem, and Scatec’s shares in the newly established firm are yet to be determined.

REMEMBER- In May, Scatec signed a joint development agreement for its USD 5.5 bn green ammonia plant in Ain Sokhna with Echem and Mopco. Scatec began commissioning the first phase of its 100 MW green hydrogen plant in Egypt’s Ain Sokhna with SFE, OCI-Adnoc joint venture Fertiglobe, and Orascom Construction in November.

WATCH THIS SPACE #2- These heatwaves won’t taper off soon: Extreme heat is likely to continue into August in some parts of the Mediterranean, according to a World Meteorological Organization (WMO) statement. The Mediterranean Sea’s surface temperatures will remain exceptionally high in coming weeks — exceeding 30°C in some parts — and stay over 4°C above average in large parts of the western Mediterranean, the statement notes. Tunisia, Algeria, France, Greece, Italy and Spain have reported new maximum daytime and overnight station temperature records. On June 23, Tunisia and Algeria recorded the highest maximum temperatures on record, reaching 49.0°C and 48.7°C, respectively.

CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.

Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.

DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? Tune in to the Enterprise Podcast and listen for yourself: The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.

WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami. We’re releasing a new episode every Sunday morning.

IN THIS WEEK’S EPISODE- We ask some of the biggest multinationals and suppliers operating here — namely, in logistics, e-commerce, and FMCG — what it is they’re looking for in a local partner, product or service and what are some of the pain points they’ve had to cope with. We were joined on that panel by Khaled Morsy, CEO of DB Schenker Egypt, Omar Elsahy, General Manager at Amazon Egypt, Tarek Kamel, Chairman and CEO of Nestlé Egypt and Sudan.

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YOU’RE READING ENTERPRISE CLIMATE, the essential regional publication for senior execs who care about the world’s most important industry. Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.

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CIRCLE YOUR CALENDAR-

Sweden will host World Water Week from Sunday, 20 August to Wednesday, 24 August in Stockholm. Organized by the Stockholm International Water Institute, the event will bring together policy makers, NGOs, and private sector players to discuss innovative solutions to managing water and how to tackle food security, biodiversity, and climate change.

The US will host the International Conference on Recycling and Waste Management and the International Conference on Environmental Sustainability and Climate Change

from Monday, 21 August till Tuesday, 22 August in Philadelphia. The waste management conference will gather environmental engineers, and recycling, wastewater treatment, and climate researchers to discuss trends and innovations in plastics recycling, wastewater treatment, and renewable energy. The sustainability and climate change conference will bring together researchers and industry leaders to spotlight innovations in environmental science, climatology, renewable energy, and pollution control.

The Dominican Republic will host the COP27 Transitional Committeefrom Tuesday, 29 August to Friday, 1 September. The meeting aims to establish institutional arrangements, modalities, governance structures, and terms of reference for the landmark Loss and Damage Fund. It also wants to expand sources for climate funding under the program.

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

Abu Dhabi’s asset management firm Offset8 Capital is looking to raise USD 250 mn for a carbon investment fund

Abu Dhabi-based asset management firm Offset8 Capital plans to raise at least USD 250 mn for a “first of its kind” carbon investment fund in MENA, according to a statement. It said it targets to secure the initial capital raise for the close-ended fund in 3Q 2023, subject to regulatory approval.

The details: The fund will finance climate mitigation and adaptation projects, with a focus on mangrove restoration, reforestation, and biochar, according to the statement. It will seek projects particularly in Africa and Southeast Asia “to contribute to both environmental conservation and sustainable economic development,” the statement said. Over 50 projects in 29 countries have been identified to form the fund’s investment pipeline, it added, without providing further details.

Carbon credits in the pipeline: Offset8 will adhere to the Core Carbon Principles set by the Integrity Council for the Voluntary Carbon Market for producing high-quality carbon credits from the projects it invests in, the statement notes.

And they’re already courting offtakers: The firm has held talks with potential counterparts in Japan and other unnamed countries where main credit buyers are based, it said, expecting them to “act as off-takers of the carbon credit that the fund is expected to receive.”

Who is Offset8 Capital? Offset8 is an asset management company focused on decarbonization projects in the Middle East, Africa and Southeast Asia, according to its website. Its projects portfolio include carbon removal projects and Market Liquidity and

Technology Infrastructure.

The UAE is on board with carbon credit trading: The UAE plans to launch regulating carbon credit trading exchanges and clearing houses ahead of COP28. In June, the UAE Independent Climate Change Accelerators launched the UAE Carbon Alliance in partnership with Singapore-based carbon trading exchange AirCarbon Exchange (ACX) in a bid to establish a framework for carbon markets. The alliance was launched a year after the Abu Dhabi Global Market said it was working with ACXon launching the world’s first fully regulated carbon trading exchange.

And it’s part of a regional trend: Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) — established by the Saudi sovereign wealth fund and the Saudi Tadawul Group — plans to launch a carbon trading exchange early next year. The announcement came as the RVCMC sold 2 mn tons of carbon credits in June in what the company described as the largest-ever voluntary carbon credit auction. A carbon market in Egypt is also in the works, with the Financial Regulatory Authority forming in April a committee to supervise and regulate the country’s soon-to-be launched voluntary carbon market.

UAE joins newly established Global Biofuels Alliance to accelerate biofuels deployment

UAE is a member of the newly established Global Biofuels Alliance: The UAE has officially joined the newly launched Global Biofuels Alliance founded by India, the UK, and the US, according to a statement. The alliance — formed on Saturday during the G20 Clean Energy Ministerial Meeting — aims to “accelerate sustainable biofuels deployment in support of the global energy transition,” according to the International Energy Agency (IEA). The formal launch of the Global Biofuels Alliance is scheduled to take place at the G20 Leaders’ Summit in New Delhi next September.

Others want to follow in the UAE’s footsteps: Nineteen countries expressed their interest in being part of the alliance’s initiating members, the Times of India reported, without disclosing the country names. Over a dozen countries participated at the ministerial meeting, including Argentina, Bangladesh, Brazil, Canada, India, Italy, Kenya, Mauritius, Paraguay, Seychelles, the UAE, Uganda, and the US, according to the IEA.

The IEA suggests three priority areas for the new alliance: The IEA published a report (pdf) offering insights for the Global Biofuel Alliance by analyzing biofuel policy insights from Brazil, India and the US. The report suggests the alliance focus on three priority areas: identifying and helping develop markets with high potential for sustainable biofuels production, accelerating technology deployment, and seeking consensus on performance-based sustainability assessments and frameworks.

Why have biofuels been sidelined in the energy transition? The IEA estimates that global sustainable biofuels production would need to triple by 2030 to meet global net zero emission goals by 2050. Biofuel roll out has been constrained by challenges such as the availability of the feedstock used to make biofuels, the lack of consensus on sustainability criteria, and the pace at which related technology has been commercialized, it added. Production capacities could be expanded through designing long-term strategies, fostering investment, supporting innovation, securing affordable supplies, and encouraging collaboration from international partners.

UAE’s interest in biofuels is on the rise: Earlier this month, BP invested USD 10 mn in US startup WasteFuel to support its establishment of a UAE-based biofuels plant with a capacity of 100k barrels of the green fuel per day. UAE’s Tadweer signed an agreement with Austria-based integrated oil and gas company OMV to explore investments in biofuels and biowaste production. Last year, the UAE’s Circular Economy Council inaugurated Dubai-based Lootah Biofuels’ cooking oil reprocessing plant with a capacity of 100 tons per day.

Masdar acquires a 49% stake in EUR 1.6 bn German offshore wind farm

UAE’s Masdar has acquired a 49% stake in Spanish utility provider Iberdrola’s EUR 1.6 bn Baltic Eagle offshore wind farm off the coast of Germany, according to a statement. The financials of the acquisition were not disclosed, and Iberdrola will retain a majority share of 51%. Masdar was named as a top contender vying for the stake in the 476 MW farm earlier this month along with Swiss fund Energy Infrastructure Partners (EIP) and Australian asset manager Macquarie’s clean investment arm Green Investment Group (GIG).

The details: Baltic Eagle is currently being built off Germany’s northeastern coast and will comprise 50 wind turbines, each with a 9.53 MW generation capacity. The project — which is slated to kick off initial operations by the end of 2024 — will produce 1.9 TWh of clean energy once it achieves full production capacity, providing renewable power to some 475k homes and offsetting c. 800k tons of carbon emissions annually. 100% of Baltic Eagle’s production volume has already been sold via long-term offtake agreements, Masdar notes.

Not Masdar’s first foray into Europe’s clean energy market: The Mubadala-owned firm signed an agreement with Germany’s Uniper last December to develop a green hydrogen plant in the UAE powered by 1.3 GW of solar energy. The plant is expected to generate green hydrogen by 2026 and the EU wants to import the clean fuel the facility will generate. The company also signed an agreement in January with the Port of Amsterdam and Dutch firms SkyNRG, Evos Amsterdam, and Zenith Energy to explore the possibilities of green fuel exports to Europe. Later in February, Masdar inked an MoU with Austrian utilities company Verbund to produce and export green hydrogen to Central European countries, with a focus on Austria and Southern Germany.

And Iberdrola has a renewables and green fuels investment strategy: The sale of shares in Baltic Eagle is part of Iberdrola’s strategy to finance its EUR 47 bn investment plan, which will see it allocate EUR 17 bn to offshore wind projects in France, Germany, the UK, and the US, earmarking EUR 11.7 bn to install onshore wind farms and EUR 11.2 bn to build onshore solar energy plants. Iberdrola expects to exceed 80 GW of installed renewables capacity by 2030 on the back of planned investments ranging from EUR 65-75 bn between 2026 and 2030. The company currently has a pipeline of 3 GW worth of offshore wind projects under construction and has an operational offshore wind asset portfolio of 1.2 GW, the statement notes.

China’s Vital Materials is dominating the minor metals global market

A little-known Chinese metals firm is running the show: China’s Vital Materials’ rise to dominance in metals illustrates the commercial, political, and technical obstacles that its Western rivals face in achieving similar success, Bloomberg reports. The little-known firm currently dominates the market for several so-called “minor metals” usually featured in lists of critical minerals focused on by the US, EU, UK and Australia. Vital currently holds the largest share of the markets for selenium, tellurium, indium, and bismuth, the business information service says, citing sources in the know. Such metals are usually used for solar energy, flat-screen televisions, and pharmaceuticals. Vital is also among the top three companies in gallium and germanium, which are used in the production of touch-screen phones, satellites, and high-end semiconductors. Vital does not mine the elements itself, but rather refines them at some two dozen facilities globally, a move that experts say has helped it fly “under the radar for a long time.”

Tough to emulate: Worries about an increased reliance on critical minerals from Chinese suppliers is now on the rise after China imposed controls on exports of gallium and germanium earlier this month as prices surged. Vital’s acquisition between October 2019 and January 2020 of a vast stockpile of metals from scandal-hit Chinese commodities exchange Fanya proved successful, allowing the company to grab raw materials that could have made its way to global markets and provided a shield against unexpected supply disruptions. Some Western refiners have the capacity to go head to head with Vital, yet most have been hit hard by the minor metals industry’s wild price fluctuations, which has proven profitable for Vital. The company has also acquired struggling competitors in a bid to expand internationally, allowing it to derive about half of its revenues from its operations overseas.

Egypt is in talks with an Egyptian-French consortium to build two solar plants

EgyptAlum could be going greener: Egypt’s Orascom Construction and French electricity and renewables company Engie are in talks with the Egyptian government to install solar power plants at two of Egypt Aluminium’s (EgyptAlum) production facilities, the country’s Public Enterprises Ministry said yesterday. The plants would produce renewable power for the state-owned, EGX-listed company’s aluminum complex in Nagaa Hammadi and an upcoming aluminum plant in Safaga, according to the statement. The ministry didn’t disclose the size of the proposed plants.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Cow waste recycling in the KSA: The Saudi Investment Recycling Company signed an MoU with dairy producer National Agriculture Development Company to recycle over 150k tons of cow waste annually to produce 175k cubic meters of fertilizer. (SPA)

South Africa inches closer to establishing a hydrogen exports port

South Africa inches closer to establishing a hydrogen exports port: South Africa’s Transnet National Ports Authority (TNPA) has shortlisted three consortiums to build a hydrogen exporting hub at Boegoebaai Port in South Africa’s Northern Cape province as well as accompanying rail infrastructure, according to a statement. The project — estimated to cost USD 785 mn in its initial phase — will establish the required infrastructure for manganese, green ammonia, and other commodity exports in the Northern Cape, the statement notes. The three groups — Boegoebaai Port & Rail Consortium, Project Elephant Consort, and Boegoebaai Development Consortium — were shortlisted from eight local and international consortia that had applied to undertake the project. TNPA will issue requests for proposals for the design, fund, and build the project from the three consortiums.

South Africa has big green fuel export plans: The country is looking to snap up 4% of the global market share of the green hydrogen production sector by 2050. To realize its target, South Africa is looking to increase its electrolysis capacity to 10 GW in the Northern Cape by 2030 and produce about 500 kilotons of hydrogen annually by the same time. Last month, the Netherlands and Denmark said they would set up a USD 1 bn fund to invest in green hydrogen projects in South Africa. Germany also announced a cooperation agreement with the country to assist in developing markets for green hydrogen, facilitating imports, and connecting hydrogen developers with technology partners.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

India’s green taxonomy is coming: Planned regulatory and policy frameworks in India will likely stimulate investments to help fund the USD 200 bn needed annually for the country’s energy transition. (Bloomberg)
Japan wants to slash fossil fuel imports: Japan is considering subsidies to help activate offline nuclear plants as the country looks to cut imports of expensive fossil fuels. (Bloomberg)
Deutschland's green hydrogen plan greenlit: Germany approved its new national hydrogen strategy yesterday, doubling its targeted electrolysis capacity to 10 GW by 2030 — up from a previous target of 5 GW. (Reuters)

Could steel industry waste prove to be a viable carbon storage solution?

Introducing the latest carbon offsetting solution: Slag — solid industrial waste containing calcium magnesium silicate, aluminate, ferrite, and oxides — produced from the iron and steel industry’s operations can help store CO2 for thousands of years, The Guardian writes, referencing initial research presented at the Goldschmidt conference in France earlier this month.

An ongoing study: University of Cambridge researcher Jahmaine Yambing is analyzing some 20 mn tons of discarded slag by the former Consett steelworks in the UK to ascertain how much carbon the heap had stored since the steel manufacturing plant shuttered four decades ago, according to the news outlet.

How does it work? The multi-state calcium silicate, free calcium oxide and magnesium oxide found in steel slag can react rapidly with CO2 to form stable calcium carbonate and calcium silicate hydrate, which can significantly absorb carbon from the atmosphere, according to research published by Science Direct.

Slag could also benefit the green cement sector: Some 400 mn tons of slag are produced annually, and while some of it is used in construction as road aggregates, for example, a majority of global slag volumes are discarded, the news outlet notes. The research notes that slag’s reaction to CO2 and the subsequent creation of stable calcium carbonate and calcium silicate hydrate also enhance the mechanical properties and durability of steel slag as a cement aggregate, potentially pushing down reliance on carbon-intensive Portland cement and helping decarbonize the global cement industry, which accounts for 8% of the world’s total carbon emissions.

And Emirates Steel is already repurposing theirs: Back in 2019, Emirates Steel — which produces c. 800k tons of slag annually — signed a 10-year agreement with Finnish supplier of steel slag processing solutions Ecofer to repurpose the slag generated from its operations. Emirates Steel’s slag will be crushed and turned into raw materials for the construction sector.

CALENDAR

AUGUST 2023

20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden.

21-22 August (Monday-Tuesday): International Conference on Recycling and Waste Management, USA.

21-22 August (Monday-Tuesday): International Conference on Environmental Sustainability and Climate Change, USA.

29 August-1 September (Tuesday-Friday): Third meeting of the COP27 Transitional Committee, Dominican Republic.

SEPTEMBER 2023

4-6 September (Monday-Wednesday): Sustainable Maritime Industry Conference, Jeddah, Saudi Arabia.

4-6 September (Monday-Wednesday): Africa Climate Summit, Nairobi, Kenya.

5-7 September (Tuesday-Thursday): Global Water, Energy and Climate Change Congress(GWECCC), Manama, Bahrain.

9-10 September (Saturday-Sunday): G20 Heads of State and Government Summit, New Delhi, India.

9-20 September (Saturday-Wednesday): 2023 Sustainable Development Goals Summit, New York, USA.

11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.

12-15 September (Tuesday-Friday): WTO Public Forum, Geneva, Switzerland.

18-19 September (Monday-Tuesday): The Enterprise Finance Forum, Cairo, Egypt.

19-21 September (Tuesday-Thursday): World Power-to-X Summit, Marrakesh, Morocco.

28 September (Thursday): International Energy Agency Critical Minerals and Clean Energy Summit, Paris, France.

Chariot Limited and Total Eren’s feasibility study on a 10 GW green hydrogen plant in Mauritania to be completed.

Egypt set to launch alliance to shore up climate financing in developing countries

OCTOBER 2023

4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.

4-5 October (Wednesday-Thursday): Future Sustainability Forum, Dubai, UAE.

8-10 October (Sunday-Tuesday): Saudi Green Building Forum, Riyadh, Saudi Arabia.

8-12 October (Sunday-Thursday): MENA Climate Week, Riyadh, Saudi Arabia.

9-15 October (Monday-Sunday): World Bank/IMF 2023 Annual Meetings, Marrakech, Morocco.

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

16-18 October (Monday-Wednesday): Climate Week, Rome, Italy.

18-20 October (Wednesday-Friday): Morocco and Belgium business meeting on green hydrogen, Tangiers, Morocco.

17-18 October (Tuesday- Wednesday): Critical Minerals Africa Summit, Cape Town, South Africa.

17-20 October (Tuesday-Friday): Fourth meeting of the COP27 Transitional Committee, TBD.

29 October- 2 November (Sunday-Thursday): Cairo Water Week, Cairo, Egypt

31 October – 2 November (Tuesday-Thursday): World Hydropower Congress, Bali, Indonesia.

NOVEMBER 2023

9-10 November (Thursday-Friday): International Renewable Energy Agency Investment Forum, Uruguay.

9-15 November (Thursday-Wednesday): Intra-African Trade Fair 2023, Cairo, Egypt.

15-17 November (Wednesday-Friday): WETEX and Dubai Solar Show, Dubai, UAE.

16-17 November (Thursday-Friday): World Green Economy Summit (WGES), Dubai, UAE.

15-18 November (Wednesday-Saturday): DEWA’s First MENA Solar Conference, Dubai, UAE.

20-24 November (Monday-Friday) International Civil Aviation Organisation’s Aviation and Alternative Fuels conference, Dubai, UAE.

27-30 November (Monday-Thursday) Abu Dhabi Finance Week (ADFW), Abu Dhabi, UAE.

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

DECEMBER 2023

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

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

FEBRUARY 2024

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

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.

EVENTS WITH NO SET DATE

2023

Mid-2023: Oman set to sign contracts for green hydrogen projects.

Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors to close.

Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to be completed.

Saudi Basic Industries Corporation (Sabic) steam cracker furnace powered by renewable energy to come online.

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.

2025

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

UAE to have over 1k EV charging stations installed.

2026

UITP Global Public Transport Summit, Dubai, UAE.

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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