{"id":75481,"date":"2023-01-10T01:52:04","date_gmt":"2023-01-10T01:52:04","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=75481"},"modified":"2025-12-15T08:21:41","modified_gmt":"2025-12-15T08:21:41","slug":"uaes-adnoc-and-moroccos-ocp-throw-bns-at-a-massive-decarbonization-push","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/uaes-adnoc-and-moroccos-ocp-throw-bns-at-a-massive-decarbonization-push\/","title":{"rendered":"UAE\u2019s Adnoc and Morocco\u2019s OCP throw bns at a massive decarbonization push"},"content":{"rendered":"<section id=\"75483\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75483\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/today-adnoc-and-ocp-earmark-bns-in-a-decarbonization-push-saudi-arabia-on-track-to-recycle-40k-tons-of-e-waste-by-next-year\/\">\r\n                            TODAY: Adnoc and OCP earmark bns in a decarbonization push + Saudi Arabia on track to recycle 40k tons of e-waste by next year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/today-adnoc-and-ocp-earmark-bns-in-a-decarbonization-push-saudi-arabia-on-track-to-recycle-40k-tons-of-e-waste-by-next-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Let\u2019s dive right in.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>The UAE's Adnoc and Morocco\u2019s OCP are investing USD bns in decarbonization efforts in the next few years, pivoting to renewable energy and carbon capture. Saudi Arabia is also set to get e-waste recycling facilities off the back of an agreement between recycling company Tadweeer and KSA-based firms Tebrak Trading & Contracting Company and Mounes Mohamed Alshayeb for Civil Construction.<\/p>\n<p><strong>^^ We have chapter and verse on this story and more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION<\/strong><strong>- Believe it or not, there\u2019s <\/strong><strong>positive climate news today.<\/strong> Amid quite a lot of climate-focused news, two main stories are dominating international press coverage. The ozone layer is on track to fully recover by 2066 if current policies remain in place, with a 1989 mass phase-out of ozone-depleting substances having helped consistently reduce the size of the ozone hole, <a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/ozone-layer-recovery-track-helping-avoid-global-warming-05degc\">the UN announced<\/a> yesterday, citing a panel of experts.<\/p>\n<p><strong>The story got ink in several international outlets<\/strong>: <a href=\"https:\/\/www.nytimes.com\/2023\/01\/09\/climate\/ozone-hole-restoration-montreal-protocol.html?smid=nytcore-ios-share&referringSource=articleShare\">New York Times<\/a> | <a href=\"https:\/\/www.dw.com\/en\/ozone-layer-recovers-limiting-global-warming-by-05c\/a-64308435\">Deutsche Welle<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/health\/un-says-ozone-layer-slowly-healing-hole-to-mend-by-2066\/2023\/01\/09\/b6b3d6ac-902e-11ed-90f8-53661ac5d9b9_story.html\">Washington Post<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/earths-ozone-layer-recovering-as-damaging-airborne-chemicals-decline-11673276426\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.theguardian.com\/environment\/2023\/jan\/09\/ozone-layer-healed-within-decades-un-report\">Guardian<\/a><\/p>\n<p><strong>Meanwhile, international donors yesterday committed USD 9-10 bn to support Pakistan\u2019s <\/strong><strong>recovery from <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/83d8bb01-61ff-4cc3-adb5-3b477f8b98c7\">last year\u2019s<\/a><\/strong><strong> devastating climate change-induced floods.<\/strong> The Islamic Development Bank made a whopping USD 4.2 bn contribution, the World Bank committed USD 2 bn, and Saudi Arabia USD 1 bn, <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/un-chief-calls-massive-investments-pakistan-recovery-2023-01-09\/\">Reuters<\/a> reports. The EU, China, France and the US were also among the list of donors, according to Pakistan\u2019s information minister. The funds exceed the USD 8 bn over three years sought by Prime Minister Shehbaz Sharif, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-09\/pakistan-seeks-8-billion-to-rebuild-after-devastating-floods?srnd=green&leadSource=uverify%20wall\">Bloomberg<\/a> notes, in what\u2019s being widely hailed as a rare example of donor pledges exceeding objectives.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>WATCH THIS SPACE #1- Sustainability-linked bonds may bounce back to 2021 levels this year:<\/strong> Corporate bonds with a focus on advancing ESG objectives are set to grow by 30% y-o-y accounting for over USD 460 bn globally, Barclays said in a research note picked up by <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/green-bonds-are-set-drive-corporate-esg-debt-out-slump-2023-barclays-2023-01-04\/\">Reuters<\/a>. ESG bonds raised USD 362 bn in 2022 \u2014 down from USD 461 bn \u2014 a 22% drop y-o-y driven by higher interest rates, the UK-headquartered bank said in the note. GCC green and sustainable bond and sukuk issuances saw <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c04f04ba-c8db-4d74-95c8-ce792db263f7\">massive growth in volume<\/a> and value last year in spite of the global downturn, however, with some USD 8.5 bn raised from 15 issuances \u2014 a sizable increase from the USD 605 mn raised from six issuances in 2021.<\/p>\n<p><strong>But there is a caveat<\/strong><strong>:<\/strong> We\u2019ve <a href=\"https:\/\/climate.enterprise.press\/issues\/2022\/10\/10\/bill-gates-thinks-step-nuclear-ambitions\/#tldr-story-04\">mentioned previously<\/a> that a majority of sustainability-linked bonds currently on the market in Europe and the West are tied to weak, irrelevant or already-achieved climate targets, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-20\/the-booming-esg-bond-that-s-facing-growing-skepticism-quicktake?leadSource=uverify%20wall\">Bloomberg<\/a> analysis. If firms fail to meet the targets they set out for themselves, they repay the capital they amassed from investors with financial penalties on top meaning companies get cheaper financing and a green reputation without really holding up their end of the bargain.<\/p>\n<p><strong>WATCH THIS SPACE #2-<\/strong><strong> US-backed First Movers Coalition doubles number of <\/strong><strong>members in a year:<\/strong> The <a href=\"https:\/\/www.weforum.org\/first-movers-coalition\">First Movers Coalition (FMC)<\/a> \u2014 a global initiative launched at COP26 that aims to use company purchasing power to decarbonize seven \u201chard to abate\u201d industrial sectors \u2014 grew its number of corporate members to 67 from 34 in the space of a year and collectively made USD 12 bn worth of purchasing agreements, <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/corporate-buyers-club-aiming-slash-climate-impact-heavy-industry-picks-up-steam-2023-01-04\/\">Reuters<\/a> recently noted US climate envoy John Kerry having announced at COP27. Purchasing agreements targeted sectors including steel, aluminum, shipping, trucking, and aviation, which currently account for some 30% of global emissions, the news outlet notes.<\/p>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>WATCH THIS SPACE #3- <\/strong><strong>Sony and Honda are releasing a new EV: <\/strong>Sony and Honda\u2019s EV prototype <a href=\"https:\/\/www.shm-afeela.com\/en\/\">Afeela<\/a> was revealed in Las Vegas last week, according to a <a href=\"https:\/\/www.shm-afeela.com\/en\/news\/2023-01-04\/\">statement<\/a>. The vehicle will be outfitted with the Snapdragon Digital Chassis developed by <a href=\"https:\/\/www.qualcomm.com\/home\">Qualcomm Technologies<\/a> for software-based vehicles to have a more intelligent experience. The new vehicle is projected to hit the North American market by the beginning of 2026, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/sonys-new-afeela-electric-vehicle-with-honda-use-qualcomm-tech-companies-say-2023-01-05\/\">Reuters<\/a> reports.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>HAPPENING TODAY- Saudi Arabia is kicking off <\/strong><strong><a href=\"https:\/\/www.futuremineralsforum.com\/\">The Future Minerals Forum<\/a><\/strong> today at the King Abdul Aziz International Conference Center in Riyadh. 200 industry leaders and over 50 ministers will discuss decarbonizing mining projects globally and how to drive investments to the industry.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p>***<\/p>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday at 4am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>UAE renewable energy firm Masdar will host <\/strong><strong><a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Abu Dhabi<\/a><\/strong><strong><a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Sustainability Week<\/a><\/strong> from Saturday, 14 January to Saturday, 21 January. The event will gather eight presidents and prime ministers and 30k participants in a series of conferences and summits including the Atlantic Council\u2019s <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/Abu-Dhabi-Sustainable-Finance-Forum\">Global Energy Forum<\/a>, the <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/World-Future-Energy-Summit\">World Future Energy Summit<\/a>, Masdar\u2019s <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/Green-Hydrogen-Summit\">Green Hydrogen Summit<\/a>, The International Renewable Energy Agency\u2019s <a href=\"https:\/\/www.irena.org\/events\/2023\/Jan\/The-New-Generation-of-Decision-Makers-IRENA-Youth-Forum\">Youth Forum<\/a>, and the <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/Abu-Dhabi-Sustainable-Finance-Forum\">Abu Dhabi Sustainable Finance Forum<\/a>.<\/p>\n<p><strong>The UAE is hosting the Atlantic Council\u2019s <\/strong><strong><a href=\"https:\/\/www.atlanticcouncil.org\/programs\/global-energy-center\/global-energy-forum\/\">Global Energy Forum<\/a><\/strong> on Saturday, 14 January and Sunday, 15 January in Abu Dhabi. The forum will discuss the ongoing global energy crisis and its impact on the green transition, energy security, and decarbonization.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong><em>Editor's Note:\u00a0<\/em><\/strong><em>This story and the headline atop the day's issue were amended on 10 January 2023 to correct the name of the country in which Adnoc is headquartered. As the story below correctly notes, it is the UAE, not Saudi Arabia.\u00a0<\/em><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75485\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75486\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75486\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DECARBONIZATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/adnoc-sinks-bns-in-a-massive-decarbonization-push\/\">\r\n                            Adnoc sinks bns in a massive decarbonization push                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/adnoc-sinks-bns-in-a-massive-decarbonization-push\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The projects include investments in clean power, carbon capture and storage (CCS), electrification, and energy efficiency. Adnoc plans to expand its carbon capture capacity to 5 mn tons per annum by 2030 \u2014 in a bid to establish the UAE as a global hub for carbon capture expertise and innovation \u2014 and reduce its carbon intensity by 25% by that time, the statement adds.<\/p>\n<p><strong>Details are scant, but we\u2019ll know more this year:<\/strong> Projects set to be announced by Adnoc in 2023 include a \u201cfirst-of-its-kind\u201d CCS project, technology for carbon removal, international partnerships, and investment in clean energy solutions, the statement says.<\/p>\n<p><strong>Adnoc\u2019s been making big decarbonization <\/strong><strong>moves<\/strong><strong> lately:<\/strong> The company announced <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9a8e660d-0a49-4697-af9c-926cd6619c7e\">in<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9a8e660d-0a49-4697-af9c-926cd6619c7e\">December<\/a> that it had appointed Musabbeh Al Kaabi (<a href=\"https:\/\/www.linkedin.com\/in\/musabbeh-al-kaabi-99196313\">LinkedIn<\/a>) to head up a new division focused on low-carbon solutions and international growth. The new division would likely focus on areas like renewables, hydrogen, and low-carbon technology like CCS, the statement said. Adnoc\u2019s board of directors approved the acceleration of its low-carbon growth strategy in November, along with its goal of net zero by 2050, <a href=\"https:\/\/www.reuters.com\/markets\/carbon\/uaes-adnoc-allocates-15-bln-decarbonisation-projects-2023-01-05\/\">Reuters<\/a> notes.<\/p>\n<p><strong>And some strategic M&A decisions:<\/strong> Alongside the UAE\u2019s Abu Dhabi National Energy Company (Taqa), Adnoc completed a transaction to purchase stakes in UAE sovereign wealth fund Mubadala\u2019s clean energy firm Masdar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8052ae3c-a183-40d2-b3cf-27adc011db77\">in December<\/a>. Adnoc will hold a 24% stake in Masdar\u2019s renewables business and a 43% stake in its nascent green hydrogen business. \u201cAdnoc\u2019s expansion of its new energy portfolio will largely be delivered through its stake in Masdar,\u201d Thursday\u2019s statement notes.<\/p>\n<p><strong>The company has also been decarbonizing its existing operations: <\/strong>Adnoc and Taqa <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/01a05f9a-2ffa-49f4-bde1-77beefe49745\">reached financial close<\/a> in September on a USD 3.8 bn project to build a subsea transmission network designed to reduce emissions at offshore production facilities by providing them with mainland power. Adnoc <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/03c695dc-20e4-457a-8672-bb7fb285e0b3\">inked an MoU<\/a> with India\u2019s Gail Limited in November to decarbonize liquefied natural gas (LNG), with the scope of cooperation including monitoring carbon emissions from LNG cargoes. The oil giant is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0f89aaa1-522d-4e62-bf5f-f6239fcb84a3\">also working<\/a> with Siemens Energy to launch a blockchain tech trail intended to measure its carbon footprint across its entire operational chain.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75488\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75488\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">DECARBONIZATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/and-not-to-be-outdone-moroccos-ocp-group-is-coughing-up-usd-bns-too\/\">\r\n                            And not to be outdone, Morocco\u2019s OCP Group is coughing up USD bns too                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/and-not-to-be-outdone-moroccos-ocp-group-is-coughing-up-usd-bns-too\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Under the new program, OCP seeks to increase its fertilizer production, produce \u201cgreen\u201d fertilizer, and run more of its operations on renewable energy. Its mid-December announcement followed <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/54a65045-7742-485b-befc-efb0ce22c5e3\">a meeting<\/a> between OCP\u2019s CEO Mostafa Terrab and Morocco\u2019s King Mohammed VI in late-November, in which some preliminary details about the planned investment were revealed.<\/p>\n<p><strong>The big news? Achieving full carbon neutrality by 2040: <\/strong>OCP is committing to supply all its industrial facilities with clean energy by 2027 and targeting \u201cfull carbon neutrality\u201d by 2040 using wind, solar, hydroelectric, and <a href=\"https:\/\/corporate.enelx.com\/en\/question-and-answers\/what-are-cogeneration-systems#:~:text=Cogeneration%20is%20a%20system%20that,from%20two%20separate%20production%20sources.\">co-generation<\/a> (the simultaneous production of both electricity and heat, powered by one primary energy source) to power all its industrial facilities by 2027, it notes. It also aims to reach net-zero by 2040. Under the new program, it\u2019s targeting an increase in fertilizer production capacity to 20 mn tons by 2027, up from its current 12 mn tons.<\/p>\n<p><strong>OCP wants to reduce reliance on imports:<\/strong> This hefty investment in renewable energy will allow OCP \u2014 currently the world\u2019s top ammonia importer \u2014 to reduce its long-term reliance on imports, the company <a href=\"https:\/\/www.ocpgroup.ma\/news-article\/ocp-group-launches-its-new-green-investment-program-2023-2027#:~:text=An%20ambitious%20new%20investment%20program,full%20carbon%20neutrality%20by%202040\">notes<\/a>. Through \u201cplanned substantial investments\u201d in green hydrogen and ammonia production, OCP will be able to produce \u201cwholly sustainable fertilizers,\u201d it adds.<\/p>\n<p><strong>The short term goals: <\/strong>OCP is aiming to produce 1 mn tons of green ammonia by 2027 and 3 mn tons by 2032, it notes on its website. It\u2019s targeting 5 GW of clean energy production by 2027 and \u201cno less\u201d than 13 GW by 2032 and plans to develop 20k tons of fluorine and 30k tons of other specialized chemicals to be used in the production of lithium iron phosphate batteries \u2014 essential in electric vehicle manufacturing \u2014 by 2027.<\/p>\n<p><strong>Planned new projects will be powered by renewable energy: <\/strong>The energy to desalinate water that OCP will transport from Jorf to Khouribga will be produced by 760 MW capacity solar PV farms, the firm notes, without specifying how many of these farms are already up and running and how many are new. Solar farms with 440 MW total capacity will be built alongside a planned new mine in Meskala, to power mining operations and a desalination plant in Safi, it adds. OCP also intends to set up a 1 mn ton per year green ammonia production complex in the south of Tarfaya, powered by a 3.8 GW solar and wind farm, with an electrolyzer production plant set up to produce the green ammonia and a 60 mn cubic meter capacity desalination plant supplying water to these facilities, OCP adds.<\/p>\n<p><strong>There\u2019s no doubting the scale of ambition: <\/strong>The planned USD 13 bn investment is a leap from the USD 8 bn invested by OCP between 2012 and 2021, according to the company.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertilizers\/\">fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-ammonia\/\">GREEN AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ocp-group\/\">OCP Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75490\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75490\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">WASTE MANAGEMENT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/saudi-arabia-gets-electronic-waste-recycling-facilities\/\">\r\n                            Saudi Arabia gets electronic waste recycling facilities                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/saudi-arabia-gets-electronic-waste-recycling-facilities\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/saudi-arabia-gets-electronic-waste-recycling-facilities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1076.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75491\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/saudi-arabia-gets-electronic-waste-recycling-facilities\/1076-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1076.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1076.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1076.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1076.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75490\" class=\"content-area-description single-story post-75490 post type-post status-publish format-standard has-post-thumbnail hentry category-waste-management tag-enterpriseclimate tag-oman tag-recycling tag-saudi-arabia tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Saudi Arabia is getting electronic waste recycling facilities:<\/strong> Saudi-based recycling company <a href=\"https:\/\/tadweeer.com\/en\/\">Tadweeer<\/a> signed 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 the Kingdom, Tabreed disclosed in a <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/tadawul\/home\/announcement-details\/!ut\/p\/z1\/pY_RboIwFIZfZXuApaeKyi4rU0CxOkEn3JgOOtZEWgLV6NuvgMt2M7dkzbnof_L9_zkHJWiHEslOImdaKMkORsfJcE-9wPHA7s0hmgCQxXI2XQ9m2A4AvbRAr-fY-NGCwPXpCMgz8bbTbdQHt4-S__jB-psffngEfvcnLeKvXAv7BrGj4RjIxgnoEw0xDIZX4NaJN4Hmhha4sWTIJYrNJaNve9B5H8gEz8HyFhgsC4VNDstOolZVHYhao_gBN72S5ZwqFOOmjM6Y5hWTOTeZRtaX4lUduv-bkNn4qLWSnS4rlR1THV1KAzvL9Wq5JtGknVTzVKvKzz6n1JxV6XtHtg0mpTqmBZdXO953oOZnHbZwN6NZZ8UroUzU6C5jF1QWm80OhP_gFvZ5cKJfld9_AGWrNxg!\/dz\/d5\/L0lDU0lKQ2dwUkNTQ2lDbEVLSUtVUUEhIS9vTG9RQUFJUXhCQUlFb3lqQ1VSemdoU0ZMZ2xLMHJYRkFBISEvNEpDaWpzWXBNaFRqVUU1bEVtdDJVdHROUXpXN0tXMW1vNUEhL1o3X05ITENIMDgySzBUTkYwQVFWT0NCTUVLVTIyL1o2X05ITENIMDgySzBUTkYwQVFWT0NCTUVLVUs2L0FOTk9VTkNFTUVOVF9OVU1CRVIvNzE1OTAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9jb21wYW55U3ltYm9sLzk1NDA!\/\">Tadawul filing<\/a> last week. The agreement will expire in December 2024.<\/p>\n<p><strong>The details:<\/strong> The electronic waste recycling factories will have a processing capacity totaling 40k tons per year once they become operational in 2Q 2024, the statement notes, and are expected to double Tadweeer\u2019s sales.<\/p>\n<p><strong>E-waste recycling is picking up in MENA:<\/strong> Canadian waste management outfit ERS International is launching Oman\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e2c3c3a6-6f2b-45e9-9a05-ee907fe6ffc5\">first e-waste recycling facility<\/a> in 1Q 2023. The facility \u2014 located in the Dhofar province capital Salalah \u2014 aims to process at least 500k pounds of discarded electronic devices in its first year of operation.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75492\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75492\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/china-is-providing-inverters-for-qatars-new-solar-plant-ksa-is-set-to-locally-manufacture-solar-pv-products\/\">\r\n                            China is providing inverters for Qatar\u2019s new solar plant + KSA is set to locally manufacture solar PV products                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/china-is-providing-inverters-for-qatars-new-solar-plant-ksa-is-set-to-locally-manufacture-solar-pv-products\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The new facility \u2014 poised to be Qatar\u2019s largest solar facility \u2014 will be completed by next year. No financial details have been disclosed.<\/p>\n<p><strong>The details:<\/strong> The new project will generate 1.8k GWh of clean electricity and cut 900k tons of carbon dioxide emissions annually.<\/p>\n<p><strong>The new project will be Qatar\u2019s second solar plant:<\/strong> The power plant, which came online <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7739d0cb-e2fc-41b9-844f-9606f9f8b004\">last October<\/a>, is the largest in the peninsula so far. Built at a cost of c. USD 470 mn, the facility delivers about 10% of the country\u2019s peak electricity demand.<\/p>\n<p><strong>Sungrow is expanding in the region<\/strong><strong>: <\/strong>The solar inverter company has projects in 150 countries across the globe, its website states. The firm provides <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/70a1f03c-2937-48ed-a0ac-15bca8ed259c\">battery storage for KarmSolar\u2019s solar microgrid<\/a> for a poultry farm in Egypt\u2019s Western Desert as well as solar plants yielding <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7739d0cb-e2fc-41b9-844f-9606f9f8b004\">35 MW in Sharm El Sheikh<\/a>. Sungrow inked an agreement with KSA\u2019s Acwa Power to build a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b458ff58-70f0-4809-8e5f-7f4c3369fd1d\">536 MW battery storage system in Neom<\/a>.<\/p>\n<p><strong>IN OTHER SOLAR NEWS-<\/strong><strong> PIF signs agreement with LONGi to manufacture solar PV products:<\/strong> Saudi Arabia\u2019s sovereign wealth fund the <a href=\"https:\/\/www.pif.gov.sa\/en\/Pages\/AboutPIF.aspx\">Public Investment Fund (PIF)<\/a> has signed a Joint Development Agreement (JDA) with Chinese solar PV manufacturer <a href=\"https:\/\/www.longi.com\/\">LONGi Green Energy Technology<\/a>, it announced in <a href=\"https:\/\/twitter.com\/PIF_en\/status\/1610621854372225024?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\">a tweet<\/a> last week. The JDA covers the local manufacture of solar PV products in Saudi Arabia, the tweet notes, but no timeline or financial details have been disclosed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75494\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75494\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/\">\r\n                            Morocco\u2019s green hydrogen production gets a boost from Belgium                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Morocco\u2019s green hydrogen production gets a boost from Belgium&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/&title=Morocco\u2019s green hydrogen production gets a boost from Belgium\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Morocco%E2%80%99s+green+hydrogen+production+gets+a+boost+from+Belgium+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F10%2Fmoroccos-green-hydrogen-production-gets-a-boost-from-belgium%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/914.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75495\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/moroccos-green-hydrogen-production-gets-a-boost-from-belgium\/914-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/914.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"914.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/914.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/914.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75494\" class=\"content-area-description single-story post-75494 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-enterpriseclimate tag-green-hydrogen tag-john-cockerill tag-morocco tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Belgium\u2019s John Cockerill sets up JV with Morocco on green hydrogen:<\/strong> Belgium mechanical engineering group <a href=\"https:\/\/johncockerill.com\/en\/\">John Cockerill<\/a> has signed a strategic joint venture (JV) agreement with an unnamed Moroccan energy company to develop a value chain dedicated to undertaking green hydrogen projects in Morocco, it announced in <a href=\"https:\/\/johncockerill.com\/wp-content\/uploads\/2023\/01\/20230104_communique-de-presse-john-cockerill-concludes-a-strategic-agreement-to-develop-the-hydrogen-sector-in-morocco-.pdf\">a statement (pdf)<\/a> last week.<\/p>\n<p><strong>What\u2019s in the pipeline?<\/strong> Among the planned green hydrogen projects is the establishment of Africa\u2019s first alkaline electrolyzer manufacturing plant, a gigafactory aimed at building Morocco\u2019s green hydrogen industry, the statement tells us. The JV will enable large-scale manufacturing of \u201chigh powered alkaline electrolyzers,\u201d suggesting we\u2019ll see a rollout of John Cockerill\u2019s 5 MW single stack pressurized electrolyzer \u2014 which the <a href=\"https:\/\/h2.johncockerill.com\/en\/products\/electrolysers\/\">company claims<\/a> is the largest in the market. A large cell stack (which is essentially a number of hydrogen-producing cells <a href=\"https:\/\/www.cummins.com\/news\/2020\/11\/16\/electrolyzers-101-what-they-are-how-they-work-and-where-they-fit-green-economy\">stacked together<\/a>) provides low capex and opex costs and ups efficiency by minimizing the number of units installed, John Cockerill notes on its website.<\/p>\n<p><strong>Morocco is already on its way to becoming a regional renewables powerhouse: <\/strong>The country <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cdd53557-a890-417d-869f-39d6d779e3d5\">recently passed<\/a> a law that will allow individuals and businesses to generate, store, and sell their own electricity from renewables. It also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">plans to export<\/a> 3.6 GW of electricity to the UK from solar and wind energy projects with a combined capacity of 10.5 GW by 2030. <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b45de912-e322-4b2a-bf2b-88d4e1060db4\">Morocco received<\/a> EUR 38 mn from Germany to finance its first green hydrogen plant in October 2022 and it was <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3356771-674a-4036-91ee-75f81c6a81f9\">recently identified<\/a> as one of three prospective hubs for green hydrogen export in Africa in a European Investment Bank-led study.<\/p>\n<p><strong>A number of regional and international players are eyeing investment: <\/strong>Egypt\u2019s Hassan Allam Holding is looking at <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/54a65045-7742-485b-befc-efb0ce22c5e3\">investing USD 50-150 mn<\/a> in Morocco\u2019s renewables, while Orascom Investment Holding is eyeing an initial USD 100 mn investment, and both independent power producer Lekela and Indian conglomerate Adani Group are considering getting in on the action.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/john-cockerill\/\">John Cockerill<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75496\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75496\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/\">\r\n                            GCC Exchanges Committee publishes ESG Disclosure Metrics                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=GCC Exchanges Committee publishes ESG Disclosure Metrics&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/&title=GCC Exchanges Committee publishes ESG Disclosure Metrics\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=GCC+Exchanges+Committee+publishes+ESG+Disclosure+Metrics+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F10%2Fgcc-exchanges-committee-publishes-esg-disclosure-metrics%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/stock-exchange-screen-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75497\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/gcc-exchanges-committee-publishes-esg-disclosure-metrics\/stock-exchange-screen-1600px-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/stock-exchange-screen-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"stock-exchange-screen-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/stock-exchange-screen-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/stock-exchange-screen-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75496\" class=\"content-area-description single-story post-75496 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseclimate tag-gcc tag-tadawul wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>GCC exchanges have new ESG standards: <\/strong>The GCC Exchanges Committee published a set of ESG Disclosures Metrics including 29 standards included in the <a href=\"https:\/\/www.world-exchanges.org\/\">World Federation of Exchanges<\/a> <a href=\"https:\/\/sseinitiative.org\/\">Sustainable Stock Exchanges Initiative<\/a> yesterday. The metrics \u2014 which are voluntary \u2014 were published by the Saudi Exchange Tadawul (<a href=\"https:\/\/sseinitiative.org\/wp-content\/uploads\/2021\/11\/Tadawul-ESG-Disclosure-Guidelines-EN.pdf\">statement, pdf<\/a>) and the Abu Dhabi Securities Exchange (<a href=\"https:\/\/www.adx.ae\/English\/pages\/aboutadx\/sustainability\/unified-gcc-esg.aspx\">statement<\/a>).<\/p>\n<p><strong>Why is this important? <\/strong>The metrics are the first step to standardize and unify ESG disclosure reporting standards in the region. The metrics do not replace pre-existing ESG disclosure guidelines for GCC stock exchanges.<\/p>\n<p><strong>What do the new standards include?<\/strong> The metrics cover 29 standards including categories like GHG emissions, energy usage, water usage, environmental operations, climate risk mitigation, gender and CEO pay ratios, employee turnover, gender diversity, temporary worker ratio and non-discrimination, global health and safety, child and forced labor, as well as temporary labor, human rights, board diversity, incentivized sustainability performance, ethics and corruption prevention, data privacy, and disclosure practices.<\/p>\n<p><strong>Which exchanges are included?<\/strong> The GCC Exchanges Committee includes the Saudi Exchange <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/tadawul\/home\/\">Tadawul<\/a>, <a href=\"http:\/\/www.dfm.ae\/\">Dubai Financial Market<\/a>, <a href=\"https:\/\/www.adx.ae\/\">Abu Dhabi Securities Exchange<\/a>, <a href=\"https:\/\/www.bahrainbourse.com\/\">Bahrain Bourse<\/a>, <a href=\"https:\/\/www.boursakuwait.com.kw\/ar\/\">Boursa Kuwait<\/a>, <a href=\"https:\/\/www.qe.com.qa\/\">Qatar Stock Exchange<\/a>, Oman\u2019s <a href=\"https:\/\/www.msx.om\/\">Muscat Stock Exchange<\/a>,<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/capital-markets\/\">CAPITAL MARKETS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75498\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75498\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/\">\r\n                            Iraq set to spend USD 3 bn on a new power plant + China, Korea eye Egypt\u2019s green hydrogen production capacity                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Iraq set to spend USD 3 bn on a new power plant + China, Korea eye Egypt\u2019s green hydrogen production capacity&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/&title=Iraq set to spend USD 3 bn on a new power plant + China, Korea eye Egypt\u2019s green hydrogen production capacity\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Iraq+set+to+spend+USD+3+bn+on+a+new+power+plant+%2B+China%2C+Korea+eye+Egypt%E2%80%99s+green+hydrogen+production+capacity+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F10%2Firaq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/green-hydrogen-1600x.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75499\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/iraq-set-to-spend-usd-3-bn-on-a-new-power-plant-china-korea-eye-egypts-green-hydrogen-production-capacity\/green-hydrogen-1600x-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/green-hydrogen-1600x.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"green-hydrogen-1600x.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/green-hydrogen-1600x.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/green-hydrogen-1600x.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75498\" class=\"content-area-description single-story post-75498 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-egypt tag-enterpriseclimate tag-green-hydrogen tag-iraq tag-renewables tag-tunisia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Iraq to spend USD 3 bn on a new power plant:<\/strong> The Iraqi government approved on Sunday a plan to establish a USD 3 bn unspecified energy facility in the southern governorate of Dhi Qar, according to a statement from the <a href=\"https:\/\/ina.iq\/eng\/24068-al-sudani-agrees-to-establish-a-production-plant-with-a-capacity-of-3000-megawatts.html\">Iraqi News Agency<\/a>. The government has not disclosed the energy source of the production plant or the timeline of the project. The plant would expand the province\u2019s generational capacity by more than threefold to 3.85 GW from 850 MW, the statement notes.<\/p>\n<p><strong>China State Construction Engineering Corp (CSEC) and Korea\u2019s SK Ecoplant are <\/strong><strong>reportedly eyeing Egypt as a potential hub for green hydrogen projects<\/strong>, <a href=\"https:\/\/www.koreaherald.com\/view.php?ud=20230105000536\">The Korea Herald<\/a> reports. Both companies entered a partnership agreement to explore overseas hydrogen markets. SK Ecoplant will facilitate loans for the projects and provide CSEC with green hydrogen tech. CSEC will use its 77 country network to drum up business attraction for the partnership, the news outlet notes.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Qatar will use EURO5 diesel fuel in all buses and trucks imported into the country from this year onwards. (<a href=\"https:\/\/twitter.com\/PeninsulaQatar\/status\/1610871100161802246?ref_src=twsrc%5Etfw\">The Peninsula<\/a>)<\/li>\n<li>Oman\u2019s oil company <a href=\"https:\/\/oq.com\/en\">OQ<\/a> will finance three projects to promote green spaces, support social engagement at a natural park and support first response for oil pollution by the Sultanate\u2019s Environment Authority. (<a href=\"https:\/\/www.muscatdaily.com\/2023\/01\/08\/ea-gets-oq-to-finance-three-environmental-projects\/\">Muscat Daily<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75500\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75500\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/\">\r\n                            Ocean wars: climate-induced bleaching of corals is driving fish to fight for resources                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Ocean wars: climate-induced bleaching of corals is driving fish to fight for resources&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/&title=Ocean wars: climate-induced bleaching of corals is driving fish to fight for resources\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Ocean+wars%3A+climate-induced+bleaching+of+corals+is+driving+fish+to+fight+for+resources+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F10%2Focean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/409.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75501\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/ocean-wars-climate-induced-bleaching-of-corals-is-driving-fish-to-fight-for-resources\/409-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/409.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"409.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/409.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/409.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75500\" class=\"content-area-description single-story post-75500 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-climate-change tag-enterpriseclimate tag-on-your-way-out wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Fish are fighting for food due to lifeless coral: <\/strong>Global warming-induced loss of coral reefs is driving fish to unnecessarily fight for food, according to <a href=\"https:\/\/royalsocietypublishing.org\/doi\/epdf\/10.1098\/rspb.2022.1431\">research<\/a> published in Proceedings of the Royal Society B. Butterfly fish are severely impacted by coral bleaching because they are heavily dependent on the marine fauna for survival, hence increased battles for food have been observed around scarce corals off the coast of Indonesia, Japan, the Philippines, and Christmas Island.<\/p>\n<p><strong>How can researchers identify fish skirmishes? <\/strong>Butterfly fish signal defensive and aggressive behavior by raising their spinal dorsal fins, and directing their nostrils in a downward position, the researchers explain. Prior to <a href=\"https:\/\/www.theguardian.com\/world\/2017\/jan\/12\/almost-75-of-japans-biggest-coral-reef-has-died-from-bleaching-says-report\">record coral reef losses<\/a> in 2016, the marine biologists observed that butterfly fish of varying species were able to resolve food-related altercations nearly 28% of the time, with that number plummeting by 18% post-2016, indicating a clear tendency for violence over diminishing food resources, they note in their study.<\/p>\n<p><strong>Our corals are also at risk:<\/strong> The Arabian Gulf water temperature is expected to rise by 4.26\u00b0C by 2039, resulting in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/74a8c435-2275-4cfb-8a50-cfe7207ff188\">devastating effects on marine biology<\/a> including coral bleaching. Egypt\u2019s Ras Shukeir oil terminal was reported to be dumping \u201cbarely treated wastewater\u201d in the Red Sea and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8334ae85-714e-4b09-849c-dce1b4760112\">endangering coral reefs<\/a>, jeopardizing the survival of the sea fauna and those dependent on it.<\/p>\n<p><strong>But there\u2019s a silver lining for the UAE:<\/strong> An Abu Dhabi marine restoration project has been selected by the UN as <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/aee58ca3-8056-42a1-9f2b-7b893106c991\">one of 10 World Restoration Flagships<\/a>. The project aims to restore beds of seagrass, coral reefs and mangroves along the Gulf coast to boost coastal resilience, improving conditions for plants and animals \u2014 including some 500 species of fish.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75502\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/10\/75502\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75502\" class=\"content-area-description single-story post-75502 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>JANUARY 2023<\/strong><\/p>\n<p>10-12 January (Tuesday-Thursday): <a href=\"https:\/\/www.futuremineralssummit.com\/\">The Future Minerals Forum<\/a>, Riyadh, Saudi Arabia.<\/p>\n<p>12 January (Thursday): Business Transition to Net-Zero \u2013 the Path Towards a Successful Low-Carbon Future Forum, Bahrain.<\/p>\n<p>13 January (Friday): <a href=\"https:\/\/www.irena.org\/events\/2023\/Jan\/The-New-Generation-of-Decision-Makers-IRENA-Youth-Forum\">The International Renewable Energy Agency\u2019s Youth Forum<\/a>, Abu Dhabi, UAE.<\/p>\n<p>14-21 January (Saturday-Saturday): <a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Abu Dhabi Sustainability Week<\/a>, Abu Dhabi, UAE.<\/p>\n<p>14-15 (Saturday-Sunday): <a href=\"https:\/\/www.atlanticcouncil.org\/programs\/global-energy-center\/global-energy-forum\/\">Global Energy Forum<\/a>, Abu Dhabi, UAE.<\/p>\n<p>16-18 January (Monday-Wednesday): <a href=\"https:\/\/www.neventum.com\/tradeshows\/ecowaste\">EcoWASTE<\/a>, Abu Dhabi National Exhibition Center (ADNEC), UAE.<\/p>\n<p>16-18 January (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/\">World Future Energy Summit<\/a>, Abu Dhabi National Exhibition Center (ADNEC), UAE.<\/p>\n<p>22-24 January (Sunday-Tuesday): <a href=\"https:\/\/europetro.com\/esfmena\">ESF MENA 2023<\/a> - Energy and Sustainability Forum, Manama, Bahrain.<\/p>\n<p>January 2023: Bid submission deadline for green hydrogen projects to <a href=\"https:\/\/hydrom.om\/tender.html\">Hydrogen Oman (Hydrom)<\/a>.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>6-8 February (Monday-Wednesday): <a href=\"https:\/\/www.simec-expo.com\/\">Saudi International Marine Exhibition and Conference<\/a>, Hilton Riyadh, Saudi Arabia.<\/p>\n<p>4-9 February (Saturday- Wednesday)<a href=\"https:\/\/iaee2023.saudi-aee.sa\/\">International Association for Energy Economics\u2019 International Conference<\/a>, King Abdullah Petroleum Studies and Research Center, Riyadh, Saudi Arabia.<\/p>\n<p>13-15 February (Monday-Wednesday): <a href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwi57sHU9IL8AhXT4VEKHZgYCTAYABAAGgJ3cw&sig=AOD64_3DcfDWXN3u_BifQPcUCEg-jnP1xA&q&adurl&ved=2ahUKEwin87nU9IL8AhWlxYUKHaADC0cQ0Qx6BAgJEAE\">The Egypt Petroleum Show<\/a> (EGYPS) 2023, Cairo, Egypt.<\/p>\n<p>21-22 February (Tuesday-Wednesday): <a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a>, Dubai, UAE.<\/p>\n<p>21-23 February (Tuesday-Thursday): <a href=\"https:\/\/worldesgsummit.com\/\">World Environment, Social and Governance (ESG) Summit<\/a>, Dubai, UAE.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>15-19 March (Wednesday-Sunday): <a href=\"https:\/\/agriteq.com\/en\/the-conference\/\">Qatar International Agricultural and Environmental Exhibition<\/a>, Doha, Qatar.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1-4 May (Monday-Thursday): Arabian Travel Market, Dubai World Trade Centre, Dubai, UAE. Register <a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\">here<\/a>.<\/p>\n<p>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.evinnovationsummit.com\">Electric Vehicle Innovation Summit<\/a>, Abu Dhabi National Exhibition Centre, Abu Dhabi, UAE.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p><a href=\"https:\/\/www.bloombergneweconomy.com\/news\/bloomberg-announces-inaugural-new-economy-gateway-africa-in-morocco\/\">Bloomberg New Economy Gateway Africa Conference<\/a>, Marrakesh, Morocco.<\/p>\n<p>1-3 June (Thursday-Saturday): <a href=\"http:\/\/www.envirotecener-expo.com\/\">Envirotec and Energie Expo<\/a>, UTICA, Tunis, Tunisia.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p><a href=\"https:\/\/www.chariotenergygroup.com\/\">Chariot Limited<\/a> and <a href=\"https:\/\/www.total-eren.com\/\">Total Eren<\/a>\u2019s feasibility study on a 10 GW green hydrogen plant in Mauritania to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1323428-033c-4ff9-a0b6-716f87613360\">be completed<\/a>.<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>2-4 October (Monday-Wednesday): <a href=\"https:\/\/www.showsbee.com\/fairs\/84868-WETEX-2023.html\">WETEX and Dubai Solar Show<\/a>, Dubai World Trade Centre, Dubai, United Arab Emirates.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>6-17 November (Monday-Friday): The UAE will host <a href=\"https:\/\/sdg.iisd.org\/events\/2022-un-climate-change-conference-unfccc-cop-28\/#:~:text=The%2028th%20session%20of%20the,in%20the%20United%20Arab%20Emirates.\">COP28<\/a>.<\/p>\n<p><strong>EVENTS WITH NO SET DATE<\/strong><\/p>\n<p><strong>End-2022 <\/strong><\/p>\n<p>KSA\u2019s Neom wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/41c4acda-ffa5-4e25-ae17-48b53fc7df69\">tender three concrete water reservoir<\/a> projects to up its water storage capacity by 6 mn liters.<\/p>\n<p><strong>2023 <\/strong><\/p>\n<p>Early 2023: Egypt\u2019s <a href=\"https:\/\/www.karmsolar.com\/\">KarmSolar<\/a> to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">launch KarmCharge<\/a>, the company\u2019s EV charging venture.<\/p>\n<p>1Q2023: Oman will award two blocks of land for green hydrogen projects in Duqm, Oman.<\/p>\n<p>Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dbe558b6-6166-404f-8aa3-2bd7b56647dd\">to close<\/a>.<\/p>\n<p>Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2f525f9-dc10-477e-a2d5-67e7d6d790c2\">be completed<\/a>.<\/p>\n<p>Saudi Basic Industries Corporation (<a href=\"https:\/\/www.sabic.com\/en\">Sabic<\/a>) steam cracker furnace powered by renewable energy to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c6bbb030-2107-4aec-bc3c-9dfbe4d55975\">come online<\/a>.<\/p>\n<p>4Q2023: Oman to award four blocks of land for green hydrogen projects in Thumrait, Oman.<\/p>\n<p><strong>2024 <\/strong><\/p>\n<p>End-2024: Emirati <a href=\"http:\/\/ar.ae\">Masdar<\/a>\u2019s 500 MW wind farm in Uzbekistan to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\">begin commercial operations<\/a>.<\/p>\n<p><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s industrial cities solar power project <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">will start electricity<\/a> production.<\/p>\n<p>First 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p><strong>2025 <\/strong><\/p>\n<p>Second 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p>UAE to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\">have over 1k<\/a> EV charging stations installed.<\/p>\n<p><strong>2026 <\/strong><\/p>\n<p>1Q 2026: <a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s USD 1 bn blue ammonia plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">to be completed<\/a>.<\/p>\n<p>End-2026: HSBC Bahrain to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\">eliminate single-use<\/a> PVC plastic cards.<\/p>\n<p>Iraq\u2019s <a href=\"http:\/\/www.massgroupholding.com\/English\/default.aspx\">Mass Group Holding<\/a> wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0239be52-0fa8-43fd-8db9-68f967fb1529\">invest EUR 1 bn<\/a> on its thermal plant Mintia in Romania to have 62% of run on renewable energy, while expanding its energy capacity to at least 1.29k MWh.<\/p>\n<p><strong>2027<\/strong><\/p>\n<p>MENA\u2019s district cooling market is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\">expected to reach<\/a> USD 15 bn.<\/p>\n<p><strong>2030 <\/strong><\/p>\n<p>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">provide AED 35 bn<\/a> in green financing.<\/p>\n<p>UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\">targets 14 GW<\/a> in clean energy capacity.<\/p>\n<p>Tunisia <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">targets 30%<\/a> of renewables in its energy mix.<\/p>\n<p>Qatar wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\">generate USD 17 bn<\/a> from its circular economy, creating 9k-19k jobs.<\/p>\n<p>Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">generate 10.5 GW<\/a> of energy.<\/p>\n<p><strong>2035 <\/strong><\/p>\n<p>Qatar to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">capture up to 11 mn tons<\/a> of CO2 annually.<\/p>\n<p><strong>2045 <\/strong><\/p>\n<p>Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity.<\/p>\n<p><strong>2060 <\/strong><\/p>\n<p>Nigeria aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">achieve its net-zero<\/a> emissions target.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":75482,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-75481","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"415dd2ed-1335-4e41-963a-dee97005f9e3","teaser":"","photo_url":"https:\/\/ent.news\/2023\/1\/899.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 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