{"id":75624,"date":"2023-01-18T02:00:19","date_gmt":"2023-01-18T02:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=75624"},"modified":"2025-12-15T08:24:09","modified_gmt":"2025-12-15T08:24:09","slug":"will-saudi-aramco-invest-in-a-hybrid-engine-jv-with-renault-geely","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/will-saudi-aramco-invest-in-a-hybrid-engine-jv-with-renault-geely\/","title":{"rendered":"Will Saudi Aramco invest in a hybrid engine JV with Renault-Geely?"},"content":{"rendered":"<section id=\"75626\" 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=\"75626\">\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\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/\">\r\n                            TODAY: UAE\u2019s Amea Power expands in West Africa + Adnoc inks several partnerships on decarbonization                        <\/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\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/\" 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\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/')\">\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\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/\">\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=TODAY: UAE\u2019s Amea Power expands in West Africa + Adnoc inks several partnerships on decarbonization&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/\">\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\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/&title=TODAY: UAE\u2019s Amea Power expands in West Africa + Adnoc inks several partnerships on decarbonization\">\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=TODAY%3A+UAE%E2%80%99s+Amea+Power+expands+in+West+Africa+%2B+Adnoc+inks+several+partnerships+on+decarbonization+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F18%2Ftoday-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization%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\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75627\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/today-uaes-amea-power-expands-in-west-africa-adnoc-inks-several-partnerships-on-decarbonization\/6189-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"6189.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/6189.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75626\" class=\"content-area-description single-story post-75626 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseclimate tag-eu tag-joe-biden tag-kuwait tag-morocco tag-saudi-arabia tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, wonderful people. <\/strong>The weekend is within our sights, but the regional news shows no signs of slowing down.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>UAE\u2019s Amea Power is expanding its West African portfolio with a new 50 MW solar plant in the Ivory Coast, and Adnoc has teamed up with several international players to launch decarbonization partnerships. Over in Morocco, a factory for the production of solar-powered water heaters broke ground in a bid to curb imports and pave the way for carbon neutrality.<\/p>\n<p><strong>^^ We have chapter and verse on these stories and more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- The EU is preparing its own set <\/strong><strong>of green incentives to rival Biden\u2019s Inflation Reduction Act (IRA) and stop businesses moving to the US. <\/strong>The European Commission (EC) \u2014 the EU\u2019s executive arm \u2014 is drafting a new law that will focus on boosting investment in green industry in Europe, EC President Ursula von der Leyen said at Davos yesterday. The new legislation will be complemented by state aid and a European Sovereignty Fund, von der Leyen added. This is all designed to make Europe a more competitive place for green industry, especially in light of US President <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3907e1bd-299f-46ad-8f42-7d0fead9dcc7\">Joe Biden\u2019s IRA<\/a>, which is set to heavily subsidize US-made products in a bid to boost renewable energy and address the climate crisis. <strong>The story is seeing widespread coverage:<\/strong> <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/davos-iea-director-says-inflation-reduction-act-is-new-climate-accord-2023-01-17\/\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/4177cec6-7f93-41da-aa1e-028afb7601f8\">Financial Times<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/eu-readies-subsidy-response-to-u-s-clean-tech-tax-breaks-11673953217\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.rte.ie\/news\/world\/2023\/0117\/1349112-world-economic-forum-davos\/\">RTE<\/a> | <a href=\"https:\/\/www.cnbc.com\/2023\/01\/17\/davos-2023-eu-announces-new-green-proposals-to-rival-bidens-ira.html\">CNBC<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-17\/von-der-leyen-says-eu-must-boost-clean-tech-funds-to-counter-us\">Bloomberg<\/a><\/p>\n<p><strong>And a<\/strong><strong>t Davos,<\/strong> <strong>Kerry calls for \u201cmoney, money, money\u201d to keep 1.5\u00b0C target <\/strong><strong>alive:<\/strong> US climate envoy John Kerry issued a stark warning at Davos yesterday that the world seemed unlikely to transition to a low-carbon economy in time to \u201cavoid the worst consequences of the [climate] crisis,\u201d with dire repercussions for mns of people all over the world. To fulfill emissions-slashing promises and preserve any hope of sticking to the 1.5\u00b0C target \u2014 which Kerry maintained the US is committed to \u2014 money is essential, he added. <strong>The story is being widely picked up:<\/strong> <a href=\"https:\/\/www.reuters.com\/business\/environment\/davos-2023us-envoy-kerry-says-time-is-running-out-money-needed-tackle-climate-2023-01-17\/\">Reuters<\/a> | <a href=\"https:\/\/www.wsj.com\/livecoverage\/davos2023\/card\/u-s-climate-envoy-john-kerry-stands-by-1-5-degree-climate-goal-a7TkQkXwcmkQAc4xcPwY\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.cnbc.com\/2023\/01\/17\/shift-to-low-carbon-economy-will-happen-but-too-late-john-kerry.html\">CNBC<\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>SIGN OF THE TIMES- Is the generational gap around sustainability closing?<\/strong> While past studies have centered around younger generations of investors being more concerned about sustainability and climate change when it comes to making investment decisions, a recent <a href=\"https:\/\/www.investcorp.com\/investcorps-imd-global-survey-finds-digitization-ai-and-renewable-energy-as-the-dominant-megatrends-for-the-next-30-years\/\">Investcorp<\/a><a href=\"https:\/\/www.investcorp.com\/investcorps-imd-global-survey-finds-digitization-ai-and-renewable-energy-as-the-dominant-megatrends-for-the-next-30-years\/\">survey<\/a> has proven otherwise. The survey polled global institutional investors and found that both senior and junior investment professionals use concerns about the future of the planet when making investment decisions. The survey found that renewables, energy security, and EV and battery storage ranked high as top trends in investment for both junior and senior investment professionals.<\/p>\n<p><strong>WATCH THIS SPACE #1<\/strong><strong>- Kuwait\u2019s renewable energy ministry is getting a <\/strong><strong>makeover:<\/strong> The Kuwaiti cabinet has approved a plan to transform the Electricity, Water, and Renewable Energy Ministry into an institution with the authority to establish government affiliated companies within the sectors, <a href=\"https:\/\/timeskuwait.com\/news\/council-of-ministers-approves-plan-of-mew-and-renewable-energy-to-transform-it-into-institution\/\">Times of Kuwait<\/a> reports. The study still needs another round of approvals required by the country\u2019s Central Agency for Public Tenders for the inclusion of third party foreign consultants to conduct feasibility studies.<\/p>\n<p><strong>WATCH THIS SPACE #2- Renewables drive FDI surge in KSA:<\/strong> Saudi Arabia is expected to surpass the UAE in the amount of FDI this year for the first time since 2012, <a href=\"https:\/\/www.arabnews.com\/node\/2233446\/business-economy\">Arab News<\/a> reports. Megaprojects like NEOM and others in the renewables sector are a key driver. KSA\u2019s top seven infrastructure projects \u2014 which also include sustainability initiatives like the Red Sea Project and Diriyah Gate \u2014 will collectively cost USD 690 bn to construct, the outlet added.<\/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>***<\/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>Bahrain will host the <\/strong><strong><a href=\"https:\/\/europetro.com\/esfmena\">Energy & Sustainability Forum<\/a><\/strong> from next Sunday, 22 January to Tuesday, 24 January in Manama. The forum will host panel discussions on how to decarbonize the downstream industry and how to pave the way for regional net zero objectives.<\/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><\/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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kuwait\/\">Kuwait<\/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\/uae\/\">UAE<\/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=\"75628\" 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=\"75629\" 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=\"75629\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/amea-power-expands-renewable-energy-presence-in-west-africa\/\">\r\n                            Amea Power expands renewable energy presence in West Africa                        <\/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\/18\/amea-power-expands-renewable-energy-presence-in-west-africa\/\" 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 USD 60 mn plant will be the first solar Independent Power Project (IPP) in the country and will be developed under a Build-Own-Operate-Transfer (BOOT) model. Amea inked the PPA with the West African country\u2019s Energy Ministry at the Abu Dhabi Sustainability Week this week. The timeline of the project has not been disclosed.<\/p>\n<p><strong>The details: <\/strong>The solar project will produce over 85 GWh of clean energy annually. Energy will be distributed through <a href=\"https:\/\/www.cie.ci\/\">Compagnie Ivoirienne d'Electri<\/a><a href=\"https:\/\/www.cie.ci\/\">cit\u00e9<\/a>, a private provider operating under a concession agreement with the government.<\/p>\n<p><strong>Not Amea\u2019s first foray in West Africa: <\/strong>The company expanded its project in neighboring Togo last November by <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe89e3e0-7465-41bb-a6dc-2fe5697fe16c\">adding 20 MW<\/a> to the Mohammed bin Zayed solar power plant, bringing its total capacity to 70 MW. The Dubai-based renewable energy company previously developed the first two phases of the Mohammed bin Zayed solar power plant, which became operational in June 2021.<\/p>\n<p><strong>And there\u2019s more in the pipeline:<\/strong> Amea is in the final stages of construction for a <a href=\"https:\/\/ameapower.com\/320-2-2\/\">solar project<\/a><a href=\"https:\/\/ameapower.com\/320-2-2\/\">in Burkina Faso<\/a> and developing a <a href=\"https:\/\/www.afrik21.africa\/en\/mali-amea-power-to-build-a-50-mw-solar-power-plant\/\">solar project in Mali<\/a>.<\/p>\n<p><strong>Amea\u2019s regional presence is on the rise: <\/strong>The company\u2019s portfolio includes a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/952ee209-52e7-435e-860b-caf16ba6251b\">USD 800 mn,<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/952ee209-52e7-435e-860b-caf16ba6251b\">500 MW green hydrogen<\/a> plant in the Suez Canal Economic Zone in Egypt, a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">USD 100 mn, 100 MW solar<\/a> plant in Tunisia, a <a href=\"https:\/\/ameapower.com\/projects\/\">100 MW wind project in Morocco<\/a> and a <a href=\"https:\/\/enterprise.press\/stories\/2022\/11\/07\/ifc-could-help-finance-500-mw-al-nowais-sumitomo-wind-farm-86379\/\">500 MW wind project<\/a> in Egypt with Japan\u2019s Sumitomo, among others. The company also has 6 GW of renewables projects in 15 countries in the pipeline.<\/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\/amea-power\/\">Amea Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ivory-coast\/\">Ivory Coast<\/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\/solar\/\">SOLAR<\/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=\"75631\" 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=\"75631\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/\">\r\n                            Morocco begins work on a solar powered water heaters factory                        <\/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\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/\" 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\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/')\">\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\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/\">\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 begins work on a solar powered water heaters factory&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/\">\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\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/&title=Morocco begins work on a solar powered water heaters factory\">\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+begins+work+on+a+solar+powered+water+heaters+factory+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F18%2Fmorocco-begins-work-on-a-solar-powered-water-heaters-factory%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\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/929.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75632\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/morocco-begins-work-on-a-solar-powered-water-heaters-factory\/929-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/929.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"929.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/929.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/929.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75631\" class=\"content-area-description single-story post-75631 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-enterpriseclimate tag-morocco tag-renewables tag-solar tag-solar-energy 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-02\"><\/a> <strong>Morocco\u2019s <\/strong><strong><a href=\"https:\/\/www.gi3.ma\/\">GI3<\/a><\/strong><strong> broke ground on a USD 4.9 mn solar-powered water heater production facility<\/strong><strong> this week<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/miciengov\/posts\/pfbid025M98K44FeT8gghFqET2q3EeaYkmWrdJjzGdMGSDFLj8JUssZuxPCdPDZvQHzJcg8l\">statement<\/a> from Morocco\u2019s Industry and Commerce Ministry. The factory is expected to come online by 2Q 2023, <a href=\"https:\/\/www.asharqbusiness.com\/article\/46129\/%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8-%D9%8A%D9%8F%D8%AF%D8%B4%D9%86-%D8%A3%D9%88%D9%84-%D9%85%D8%B5%D9%86%D8%B9-%D9%85%D8%AD%D9%84%D9%8A-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%B3%D8%AE%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%8A%D8%A7%D9%87-%D8%A8%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%B4%D9%85%D8%B3%D9%8A%D8%A9\/\">Bloomberg Asharq<\/a> reports.<\/p>\n<p><strong>The details: <\/strong>The Mysol Ces factory will have a production capacity of 40k units annually by 2024, with plans of expanding production capacity to 90k in coming years, the statement notes. The second phase of the project will include a solar PV panels and modules factory production facility with an investment ticket nearing USD 59 mn, Bloomberg Asharq quotes GI3 CEO Badr Ikken as saying.<\/p>\n<p><strong>A step away from import reliance\u2026:<\/strong> The country\u2019s imports of solar powered water heaters amount to some USD 20 mn from China and India, Morocco\u2019s Industry and Commerce Minister Ryad Mezzour told Bloomberg Asharq. The units produced in Mysol Ces will initially be earmarked for the Moroccan market, with plans to export to international markets after the production volume expansion.<\/p>\n<p><strong>\u2026And a step towards larger carbon neutrality ambitions:<\/strong> Moroccan state-owned fertilizer manufacturer <a href=\"https:\/\/www.ocpgroup.ma\/\">OCP Group<\/a> is earmarking USD 12.3 bn to invest in solar and clean energy projects as it looks to rely entirely on renewables to power its facilities by 2027, OCP CEO Mostafa Terrab said in a meeting with Moroccan King Mohammed VI (<a href=\"https:\/\/youtu.be\/mrSYBMwlSvM?t=130\">watch, runtime: 5:48)<\/a>.<\/p>\n<p><strong>Morocco has a lot of clean energy projects in the pipeline:<\/strong> Egypt\u2019s Hassan Allam Holding is mulling <a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/24\/hassan-allam-latest-to-target-green-investment-in-morocco-84854\/\">investing USD 50-150 mn<\/a> in Moroccan renewable energy and desalination projects in 2023, while Egypt\u2019s Orascom Investment Holding is eyeing an initial <a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/24\/hassan-allam-latest-to-target-green-investment-in-morocco-84854\/\">USD 100 mn<\/a> investment in renewable energy, EV charging stations, and agro-industrial sectors in the North African country. Independent power producer Lekela is also exploring projects in Morocco, CEO Chris Antonopoulos told the <a href=\"https:\/\/www.theafricareport.com\/263376\/lekela-considers-morocco-tunisia-and-kenya-renewable-power-expansion\/\">Africa Report<\/a> in November. Indian conglomerate Adani Group also signaled potential investments in renewables projects with <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b45de912-e322-4b2a-bf2b-88d4e1060db4\">a combined 10 GW capacity<\/a> in Morocco to supply green ammonia to Europe last October.<\/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\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/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=\"75633\" 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=\"75633\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/is-saudi-aramco-hopping-on-the-hybrid-engine-bandwagon-in-a-new-renault-geely-venture\/\">\r\n                            Is Saudi Aramco hopping on the hybrid engine bandwagon in a new Renault-Geely venture?                        <\/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\/18\/is-saudi-aramco-hopping-on-the-hybrid-engine-bandwagon-in-a-new-renault-geely-venture\/\" 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 oil giant is reportedly in \u201cadvanced\u201d discussions to potentially assume a stake of up to 20%, Reuters quotes its sources as saying. The value of Aramco\u2019s potential investment is not known. If the agreement moves forward, it would make Aramco the first major oil producer to invest in the car business, the outlet added.<\/p>\n<p><strong>Next steps:<\/strong> The agreement between Aramco, Renault and Geely needs approval by the boards of the carmakers, according to one of the sources quoted by Reuters. The three firms reportedly plan to finalize a letter of intent within the coming weeks.<\/p>\n<p><strong>What we know about the new company: <\/strong>Geely and Renault plan to set up a <a href=\"https:\/\/www.arm.com\/glossary\/powertrain\">powertrain<\/a> tech company this year with the capacity to produce over 5 mn low-emission and hybrid engines and transmissions annually, Reuters noted, citing a document it\u2019s seen. The JV would make use of Renault\u2019s existing combustion-engine production and Geely\u2019s gasoline and hybrid tech, the sources reportedly said. Renault and Geely would each hold a 40% stake in the JV, Reuters notes.<\/p>\n<p><strong>A cross continental plan in the works: <\/strong>Renault and Geely <a href=\"https:\/\/media.renaultgroup.com\/geely-and-renault-group-sign-framework-agreement-to-create-leading-powertrain-technology-company\/?lang=eng\">first announced<\/a> their establishment of the JV in November last year, saying the company would eventually have 17 powertrain plants on three continents, with five research and development centers and some 19k employees.<\/p>\n<p><strong>What would Aramco bring to the table? <\/strong>Funds from Aramco\u2019s investment in the JV would go towards developing decarbonization technologies for gasoline engines, according to a document seen by Reuters. Aramco \u201cwould also contribute to research and development of powertrain technologies, especially synthetic fuel solutions and next-generation hydrogen technologies,\u201d it added.<\/p>\n<p><strong>This isn\u2019t the first time Aramco has shown interest in hybrid engines: <\/strong>Last year, the oil company <a href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2022\/aramco-and-hyundai-motor-group\">entered into<\/a> a two-year partnership with Hyundai to jointly research and develop an emissions-reducing fuel for hybrid vehicles.<\/p>\n<p><strong>But why hybrid as opposed to fully electric?<\/strong> Industry leaders, including Toyota CEO Akio Toyoda, have cautioned against setting targets that are too ambitious for the EV transition, saying that EVs are expensive and charging infrastructure needs to be extensive for widespread adoption to take hold. Toyota sees hybrids as a <a href=\"https:\/\/www.technologyreview.com\/2022\/12\/22\/1065830\/why-evs-wont-replace-hybrid-cars-anytime-soon\/\">more affordable option<\/a> in cutting emissions.<\/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\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/geely\/\">Geely<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hybrid-engines\/\">hybrid engines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renault\/\">Renault<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-aramco\/\">Saudi Aramco<\/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=\"75635\" 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=\"75635\">\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\">DECARBONIZATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/uaes-adnoc-friends-launch-decarbonization-partnerships\/\">\r\n                            UAE\u2019s Adnoc + friends launch decarbonization partnerships                        <\/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\/18\/uaes-adnoc-friends-launch-decarbonization-partnerships\/\" 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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This basically involves <a href=\"https:\/\/www.sciencedaily.com\/releases\/2021\/08\/210830140251.htm\">splitting ammonia<\/a> into hydrogen gas and nitrogen using metal catalysts like nickel at very high temperatures.<\/p>\n<p><strong>And why is this process important? To address the challenge of transporting hydrogen.<\/strong> Effectively transporting hydrogen is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4d4fe41a-d676-4add-8b29-08a581d184fe\">notoriously difficult<\/a>, and ammonia is an ideal way to distribute hydrogen, as it\u2019s much easier to compress and transport. The Adnoc-Thyssenkrupp partnership aims to address how to drive the global green hydrogen trade to scale and pave the way for green hydrogen exports to Europe and elsewhere, the statement notes.<\/p>\n<p><strong>How would the new partnership work?<\/strong> Under the agreement, Thyssenkrupp\u2019s Uhde construction engineering unit would provide Adnoc with its ammonia cracking technology, already in use in over 130 chemicals plants globally, <a href=\"https:\/\/www.reuters.com\/markets\/deals\/thyssenkrupp-adnoc-sign-mou-cooperate-ammonium-cracking-plant-2023-01-17\/\">Reuters<\/a> notes. Thyssenkrupp and Adnoc would then work together to set up \u201clarge scale\u201d ammonia cracking plants \u2014 presumably in the UAE.<\/p>\n<p><strong>IN OTHER ADNOC NEWS- <\/strong><\/p>\n<p><strong>Adnoc-funded projects seeks to permanently trap CO2 in rocks: <\/strong>Adnoc is investing USD 15 bn in a partnership with the Fujairah Natural Resources Corporation, renewables developer Masdar, and Omani carbon removal and mineralization firm <a href=\"https:\/\/4401.earth\/about-44-01\/\">44.01<\/a> to pilot technology that will permanently mineralize CO2 in rock formations in Fujairah, according to <a href=\"https:\/\/www.wam.ae\/en\/details\/1395303119776\">a Wam statement<\/a>. If successful, the pilot \u2014 due to start this month \u2014 could pave the way for bns of tons of captured CO2 to be mineralized across the region, the WAM statement adds.<\/p>\n<p><strong>The details: <\/strong>The project will use 44.01\u2019s proprietary Carbon Capture and Mineralization (CCM) technology to capture CO2 from the air, dissolve it in seawater, and inject it into formations of peridotite \u2014 a kind of rock that naturally mineralizes CO2 \u2014 deep underground in Fujairah, an area with abundant reserves of peridotite, the statement notes. This traps the CO2 in mineral form, removing it from the atmosphere. Masdar will supply solar energy to power the project.<\/p>\n<p><strong>What we don\u2019t know:<\/strong> It is unclear whether Adnoc is footing the entire bill for the pilot project, nor what the total cost of the project will be.<\/p>\n<p><strong>Lots of decarbonization agreements signed between Adnoc and Japanese firms:<\/strong> Adnoc CEO \u2014 and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b0ae4abd-a265-4945-9e3a-106f8f93e215\">newly-appointed<\/a> COP28 President \u2014 Sultan Al Jaber signed an agreement to collaborate on decarbonization technology with Japan\u2019s Minister of Economy, Trade and Industry Yasutoshi Nishimura, according to <a href=\"https:\/\/www.gulftoday.ae\/business\/2023\/01\/17\/uae-and-japan-sign-agreements-to--help-accelerate-energy-transition\">Gulf News<\/a>. Adnoc also signed a joint study agreement with Japan\u2019s Tsubame BHB on new ways to manufacture ammonia, and Emirati renewables firm Masdar signed an MoU with Japan\u2019s JERA on green hydrogen and renewable energy, Gulf News notes. <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8052ae3c-a183-40d2-b3cf-27adc011db77\">Adnoc owns<\/a> a 43% stake in Masdar\u2019s nascent green hydrogen business and a 24% stake in its renewables business as of December.<\/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\/abu-dhabi-sustainability-week\/\">Abu Dhabi Sustainability Week<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ammonia-cracking\/\">ammonia cracking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-mineralization\/\">carbon mineralization<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75637\" 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=\"75637\">\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\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/\">\r\n                            New World Economic Forum initiative aims to unlock tns for climate action                        <\/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\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/\" 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\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/')\">\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\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/\">\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=New World Economic Forum initiative aims to unlock tns for climate action&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/\">\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\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/&title=New World Economic Forum initiative aims to unlock tns for climate action\">\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=New+World+Economic+Forum+initiative+aims+to+unlock+tns+for+climate+action+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F18%2Fnew-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action%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\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Davos-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75638\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/new-world-economic-forum-initiative-aims-to-unlock-tns-for-climate-action\/davos-1600px-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Davos-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"Davos-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Davos-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Davos-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75637\" class=\"content-area-description single-story post-75637 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-climate tag-climate-change tag-climate-finance tag-enterpriseclimate tag-green-finance tag-philanthropy tag-world-economic-forum 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>The World Economic Forum launched an initiative that could drum up USD 3 tn for <\/strong><strong>climate action by leveraging global philanthropic capital<\/strong>, according to a <a href=\"https:\/\/www.weforum.org\/press\/2023\/01\/new-initiative-to-help-unlock-3-trillion-needed-a-year-for-climate-and-nature\">statement<\/a>. The Giving to Amplify Earth Action (GAEA) initiative aims to finance public, private, and philanthropic partnerships (PPPPs) and expand on existing ones to achieve net zero targets by 2050. GAEA has garnered support from 45 partners including academic and philanthropic institutions, individuals and governments including Egypt.<\/p>\n<p><strong>How will that happen?<\/strong> GAEA will convene public and private stakeholders to agree on specific climate targets where they can influence positive change, pilot new funding models, and amend existing ones to accommodate PPPP participation, and scale up and emulate best practices.<\/p>\n<p><strong>Why is this important? <\/strong>The climate finance gap is huge with the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52eb3b81-d948-4c33-8553-efa5a4db8a39\">need for private capital<\/a> to drive efficient climate action topping the COP27 agenda last November. The world currently needs <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6704ccb1-c8ac-48f5-951f-c9112e553f88\">USD 100 tn<\/a> to plug the deficiency, according to WEF. Other proponents of climate action think the outlook is bleak, with Egypt\u2019s UN high-level climate champion Mahmoud Mohieldin telling Enterprise Climate in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d6c878eb-f7fc-42dc-b8e5-8f8113590e84\">an interview last month<\/a> that \u201cUSD 100 bn is less than 3% of what\u2019s needed.\u201d<\/p>\n<p><strong>\u2026 but the money is there:<\/strong> Philanthropic donations accounted for over USD 800 bn in 2021, but only 2% of that amount went to climate and nature-focused efforts, WEF says. GAEA intends to wield philanthropy as a driving force to advance capital mobilization beyond private funds and take advantage of PPPPs to plug the gap.<\/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\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/climate-finance\/\">climate finance<\/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\/philanthropy\/\">philanthropy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-economic-forum\/\">World Economic Forum<\/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=\"75639\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75640\" 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=\"75640\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/ksa-explores-mining-regulation-ahead-of-minerals-push-sabic-inks-agreement-for-ammonia-production-tech-uae-japan-ink-several-renewables-mous\/\">\r\n                            KSA explores mining regulation ahead of minerals push + Sabic inks agreement for ammonia production tech + UAE, Japan ink several renewables MoUs                        <\/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 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push + Sabic inks agreement for ammonia production tech + UAE, Japan ink several renewables MoUs&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/ksa-explores-mining-regulation-ahead-of-minerals-push-sabic-inks-agreement-for-ammonia-production-tech-uae-japan-ink-several-renewables-mous\/\">\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\/18\/ksa-explores-mining-regulation-ahead-of-minerals-push-sabic-inks-agreement-for-ammonia-production-tech-uae-japan-ink-several-renewables-mous\/&title=KSA explores mining regulation ahead of minerals push + Sabic inks agreement for ammonia production tech + UAE, Japan ink several renewables MoUs\">\n                    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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/ksa-explores-mining-regulation-ahead-of-minerals-push-sabic-inks-agreement-for-ammonia-production-tech-uae-japan-ink-several-renewables-mous\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/627.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75641\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/ksa-explores-mining-regulation-ahead-of-minerals-push-sabic-inks-agreement-for-ammonia-production-tech-uae-japan-ink-several-renewables-mous\/627-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/627.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"627.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/627.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/627.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75640\" class=\"content-area-description single-story post-75640 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-ammonia tag-enterpriseclimate tag-evs tag-green-mobility tag-infrastructure tag-japan tag-mining tag-saudi-arabia tag-uae 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>Is KSA lining up mining regulation ahead of the minerals push?<\/strong> Saudi Arabia\u2019s Industry and Mineral Resources Ministry recently signed an MoU with the country\u2019s Diriyah Gate Development Authority (DGDA) \u2014 a government agency focused on the ecological preservation and cultural development of the Diriyah Gate area north-west of Riyadh \u2014 to regulate the country\u2019s mining businesses, <a href=\"https:\/\/www.arabnews.com\/node\/2232831\/business-economy\">Arab News<\/a> noted on Sunday, citing reports from the <a href=\"https:\/\/www.spa.gov.sa\/viewstory.php?lang=ar&newsid=2417657\">Saudi Press Agency<\/a>. The story is light on details \u2014 including specific information about how the two organizations will collaborate \u2014 though it notes that they will exchange geophysical and geotechnical data, as part of determining locations to mine materials.<\/p>\n<p><strong>Sabic inks agreement for ammonia production tech: <\/strong>KSA fertilizer company Sabic Agri Nutrients signed an agreement with Icelandic firm <a href=\"https:\/\/atmonia.com\/\">Atmonia<\/a> to use its sustainable ammonia production technology in Saudi Arabia, Bahrain, Kuwait, and Oman, according to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/sabic-agri-nutrients-sabic-an-secures-an-agreement-with-atmonia-for-application-of-its-technology-for-sustainable-ammonia-production-in-several-middle-eastern-countries-301722372.html\">statement<\/a>. The Icelandic company is developing a <a href=\"https:\/\/atmonia.com\/technology\/\">nitrogen electrolyzer<\/a> that will produce ammonia using electricity, atmospheric nitrogen, and water.<\/p>\n<p><strong>Japan, UAE partner on clean energy adoption and decarbonization: <\/strong>The UAE signed several MoUs with Japan to boost the clean energy transition, <a href=\"https:\/\/wam.ae\/en\/details\/1395303119935\">Wam<\/a> reports. Agreements inked covered several areas across the renewables and clean energy sector including boosting cooperation on advanced technologies for carbon reduction targets, research and development in ammonia manufacturing, and green hydrogen. The MoUs fall within the framework of a <a href=\"https:\/\/wam.ae\/en\/details\/1395303087777\">comprehensive economic partnership<\/a> signed by the two countries in September 2022.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.regeny.ae\/\">Regeny<\/a> and <a href=\"https:\/\/evgateway.com\/\">EvGateway<\/a> are supplying the UAE with 10k EV fast charging stations by 2030. (<a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/regeny-and-evgateway-partner-to-deploy-10-000-electric-vehicle-charging-stations-in-the-uae-by-2030-dcngmbzn\">Statement<\/a>) <\/li>\n<li>Chinese solar components manufacturer JA Solar signed an agreement to supply Amea Power with Deep Blue 3.0 PV panels for Amea\u2019s 560 MW Kom Ombo Abydos solar plant. (<a href=\"https:\/\/www.facebook.com\/JASolarOfficial\/posts\/pfbid0rTVHdb9A2eJLrR684uBmeuMgsVfMojycaqKM3V6DKWuzZw2ShkSiqeRSZq7ED9Cpl\">Statement<\/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\/ammonia\/\">AMMONIA<\/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-mobility\/\">green mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/japan\/\">Japan<\/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\/saudi-arabia\/\">Saudi Arabia<\/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=\"75642\" 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=\"75642\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/\">\r\n                            Old school Toyota cars make a comeback with a carbon-neutral revamp                        <\/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\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/\" 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\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/')\">\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\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/\">\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=Old school Toyota cars make a comeback with a carbon-neutral revamp&url=https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/\">\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\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/&title=Old school Toyota cars make a comeback with a carbon-neutral revamp\">\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=Old+school+Toyota+cars+make+a+comeback+with+a+carbon-neutral+revamp+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F01%2F18%2Fold-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp%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\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/931.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75643\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/18\/old-school-toyota-cars-make-a-comeback-with-a-carbon-neutral-revamp\/931-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/931.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"931.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/931.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/931.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75642\" class=\"content-area-description single-story post-75642 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseclimate tag-evs tag-on-your-way-out tag-toyota 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-07\"><\/a> <strong>Toyota electrifies cars from the 80s:<\/strong> Japanese automaker Toyota Motor has unveiled retrofitted versions of their 1980s AE86 sports car models powered by electric and hydrogen engines (<a href=\"https:\/\/youtu.be\/iT3ZOk9Dvbw?t=589\">watch, runtime: 9:47<\/a>). The two retrofitted models that Toyota will roll out \u2014 the AE 86 Trueno which has a hydrogen engine and the Levin EV \u2014 are part of a push by the company to supply car enthusiasts with carbon-free vehicles. The company is investing <a href=\"https:\/\/www.cnbc.com\/2022\/09\/29\/toyota-ceo-stands-by-electrified-vehicle-strategy-amid-criticism.html#:~:text=past%20two%20years.-,Toyota%20plans%20to%20invest%20roughly%20%2470%20billion%20in%20electrified%20vehicles,electrified%20models%20globally%20by%202025.\">USD 70 bn<\/a> in electrifying their cars and manufacturing EV batteries by 2030, with a <a href=\"https:\/\/www.cnbc.com\/2022\/09\/29\/toyota-ceo-stands-by-electrified-vehicle-strategy-amid-criticism.html#:~:text=Toyota%20plans%20to%20sell%20about,of%20its%20current%20annual%20sales.\">target<\/a> to sell no less than 3.5 mn electric vehicles by the same year.<\/p>\n<p><strong>MENA is no stranger to the retrofitting game: <\/strong>Egyptian electric mobility company Shift EV has developed a retrofitting process based on proprietary Lego-like, locally manufactured batteries that can turn any conventional vehicle into an EV. We <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3ef8c761-6b73-48c1-8dcb-177ddd3ac7b4\">interviewed<\/a> Shift EV founder Aly Eltayeb last year, and discussed with him <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a8b2ccb7-95eb-4a1c-800d-241ba7ee7d53\">how to build a USD bn climate business<\/a> at the Enterprise Climate X Forum last month.<\/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\/evs\/\">EVs<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/toyota\/\">Toyota<\/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=\"75644\" 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\/18\/75644\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75644\" class=\"content-area-description single-story post-75644 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>14-21 January (Saturday-Saturday): <a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Abu Dhabi Sustainability Week<\/a>, Abu Dhabi, UAE.<\/p>\n<p>22-24 January (Sunday-Tuesday): <a href=\"https:\/\/europetro.com\/esfmena\">Energy & Sustainability Forum<\/a>, 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>, 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>, 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>, 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): <a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\">Arabian Travel Market<\/a>, Dubai, UAE.<\/p>\n<p>2-7 May (Tuesday-Sunday): <a href=\"https:\/\/www.agriculture.gov.ma\/ar\/actualites\/tnzym-almltqy-aldwly-llflaht-balmghrb-mn-02-aly-07-may-2023-bmknas\">Salon International de l\u2019Agriculture au Maroc (SIAM)<\/a>, Meknes, Morocco.<\/p>\n<p>16-18 May (Tuesday-Thursday): <a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\">Seatrade Maritime Logistics Middle East<\/a>, Dubai, UAE.<\/p>\n<p>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.evinnovationsummit.com\">Electric Vehicle Innovation Summit<\/a>, 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>, 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, UAE.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>6-17 November (Monday-Friday): <a href=\"https:\/\/unfccc.int\/\">Conference of the Parties (COP 28)<\/a>, Dubai, UAE.<\/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":75625,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-75624","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b38d7098-630d-4fcd-b39e-135463430b58","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/48.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Will Saudi Aramco invest in a hybrid engine JV with Renault-Geely? - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/will-saudi-aramco-invest-in-a-hybrid-engine-jv-with-renault-geely\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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