{"id":76715,"date":"2023-03-29T02:00:30","date_gmt":"2023-03-29T02:00:30","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=76715"},"modified":"2025-12-15T08:43:35","modified_gmt":"2025-12-15T08:43:35","slug":"saudi-arabias-siig-agrees-to-buy-24-stake-in-danish-sustainable-protein-company-unibio","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-siig-agrees-to-buy-24-stake-in-danish-sustainable-protein-company-unibio\/","title":{"rendered":"Saudi Arabia\u2019s SIIG agrees to buy 24% stake in Danish sustainable protein company Unibio"},"content":{"rendered":"<section id=\"76717\" 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=\"76717\">\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\/03\/29\/today-ksas-siig-agrees-to-buy-24-stake-in-danish-sustainable-protein-company-unibio\/\">\r\n                            TODAY: KSA\u2019s SIIG agrees to buy 24% stake in Danish sustainable protein company Unibio                        <\/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\/03\/29\/today-ksas-siig-agrees-to-buy-24-stake-in-danish-sustainable-protein-company-unibio\/\" 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 in.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>KSA\u2019s Saudi Industrial Investment Group has signed an agreement to acquire a 24% stake in Denmark\u2019s sustainable protein company Unibio International by investing USD 70 mn in the company. <strong>We have all the details on this story and more in the news well, below.<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- US and Japan ink trade<\/strong><strong> agreement on EV battery minerals: <\/strong>The US and Japan struck a limited trade agreement that will see minerals critical to EV battery production extracted in the East Asian country \u2014 including manganese, cobalt, nickel, lithium, and graphite \u2014 count toward the USD 7.5k EV tax credits of the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3907e1bd-299f-46ad-8f42-7d0fead9dcc7\">Inflation Reduction Act<\/a>. Under the limited trade treaty, the allies will lift export duties on rare earths, and will jointly work to minimize reliance on China\u2019s minerals supply chain, noting they would partner on combatting \u201cnon-market policies and practices\u201d of other countries in the sector. Earlier this month, the EU and Washington <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f6479cae-8088-4aa8-92dd-8f4d017ec88d\">agreed<\/a> to begin talks for a similar trade bargain.<\/p>\n<p><strong>The story has been making the rounds in the international press overnight:<\/strong> <a href=\"https:\/\/www.nytimes.com\/2023\/03\/27\/business\/economy\/us-japan-battery-minerals-deal.html\">New York Times<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-28\/us-and-japan-to-agree-pact-on-critical-mineral-supply-chains\">Bloomberg<\/a> | <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/us-japan-strike-trade-deal-electric-vehicle-battery-minerals-2023-03-28\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/japan-electric-vehicles-critical-minerals-batteries-8fed96f133306bb1bdc8ac04352cfc3e\">Associated Press<\/a> | <a href=\"https:\/\/www.cnbc.com\/2023\/03\/28\/us-japan-strike-trade-deal-on-electric-vehicle-battery-minerals.html\">CNBC<\/a> | <a href=\"https:\/\/www.ft.com\/content\/c8532c5e-abf2-4fba-9cc6-69a9726b3473\">Financial Times<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #1-<\/strong> <strong>Loss and damage <\/strong><strong>talks in Luxor to conclude today:<\/strong> The first meeting of the COP transitional committee will conclude today in Luxor. Representatives from 33 developing and developed countries are attending the talks, which are being led by Egypt\u2019s lead climate negotiator, Amb. Mohamed Nasr. In a recorded opening statement, COP27 President Sameh Shoukry <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/pfbid03iPN75uxreXVcsjN4vToKcXfhsfhs8gmakguAXPB3YJcKuuK4iXB5MsPwVTt2ipsl\">emphasized<\/a> the importance of the committee\u2019s responsibility to implement the loss and damage agreement, and said that he will continue to support discussions in the lead up to COP28 in November.<\/p>\n<p><strong>What went down on <\/strong><strong>day 2<\/strong><strong>:<\/strong> The second day of the transitional committee\u2019s meetings saw back-and-forth about the scope and disbursal mechanism of a loss and damage fund. A handful of speakers \u2014 including representatives from the UN Environment Program, the World Food Program, and the Intergovernmental Panel on Climate Change, as well as leaders of some developing nations \u2014 pushed for the fund to be set up in a way that would allow funds to be unlocked rapidly to effectively act as relief in the event of major climate events. The US, however, wants to see the fund be more limited in scope to focus on \u201cslow-onset\u201d climate events. The speakers also discussed the nature of the funding that would be disbursed through the fund, with Nasr stressing that the vast majority of funding channeled to Pakistan in the wake of its deadly floods last year were loans, rather than grants, which grew the country\u2019s debt burden. You can watch the full day of talks here (<a href=\"https:\/\/www.youtube.com\/watch?v=1CHH0OAbfNc\">watch, runtime: 8:13:35<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>WATCH THIS SPACE #2-<\/strong> <strong>Clean fuel for ships courtesy of Egypt\u2019s SCZone in 2026? <\/strong>The Suez Canal Economic Zone (SCZone) will begin providing green fuel for ships in 2026, SCZone CEO Walid Gamal El Din said, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02gVG1gSGUAVB6bTcCGwENBbd7zyVKvfKr4L4BFAuEki7mTzBzQmSMykZ4tDmx3ahfl\">statement<\/a>. His statements come months after Egypt and Danish shipping giant Maersk said <a href=\"https:\/\/enterprise.press\/stories\/2022\/09\/20\/maersk-could-work-with-egypt-on-usd-15-bn-clean-fuel-project-81573\/\">last year<\/a> that they could cooperate on a USD 15 bn project to produce clean fuel for ships. The project comes under plans to turn Egypt into a main hub for supplying ships with green fuel in the region.<\/p>\n<hr class=\"grey-line\">\n<p><strong>DATA POINT- The world is in need of USD 35 tn in investments annually for an efficient <\/strong><strong>energy transition until 2030<\/strong>, according to a <a href=\"https:\/\/ent.news\/2023\/3\/829.pdf\">recent report (pdf)<\/a> by the International Renewable Energy Agency (Irena). The report, titled the World Energy Transitions Outlook 2023 Preview, sheds light on the necessity of annual investments for energy transition more than quadrupling to over USD 5 tn to help keep the 1.5\u00b0C global warming limit alive by 2030 despite having investment in the transition reaching a new record of USD 1.3 tn last year.<\/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>***<br \/>\n <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>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>***<\/p>\n<p><strong>COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n<p class='web-image' ><a href='https:\/\/exportsfdi.enterprise.press\/registration.html'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/708.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>We are delighted to share with you that the Enterprise Exports & FDI Forum<\/strong> will be taking place on <strong>15 May<\/strong> at <strong>the Four Seasons Hotel at Nile Plaza in Cairo.<\/strong><\/p>\n<p><strong>DO YOU WANT TO ATTEND?<\/strong> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">click here<\/a> to request a spot at this exclusive event.<\/p>\n<p><strong>WANT TO SHARE YOUR STORY ON STAGE?<\/strong> Drop a note to <a href=\"mailto:patrick@enterprisemea.com\">Patrick here and let\u2019s talk<\/a>.<\/p>\n<p><strong>WANT TO BECOME A COMMERCIAL PARTNER?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\">Moustafa, our head of commercial, here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>The UAE is hosting the International Conference on Green Energy and <\/strong><strong>Environmental Technology (<\/strong><strong><a href=\"http:\/\/www.icgeet.igrnet.org\/279\/united-arab-emirates\/\">ICGEET<\/a><\/strong><strong>) on 18 and 19 April <\/strong>in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.<\/p>\n<p><strong>The first <\/strong><strong><a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/about-mena-sc\/\">MENA Solar Conference<\/a><\/strong><strong> is accepting applications from published<\/strong><strong> researchers specialized in PV technology until Sunday, 30 April.<\/strong> The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers <a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/paper-submission-1\/\">here<\/a>.<\/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\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\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/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\/evs\/\">EVs<\/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\/us\/\">US<\/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=\"76719\" 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=\"76720\" 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=\"76720\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/saudi-arabias-siig-acquires-24-stake-in-danish-sustainable-protein-company-unibio-for-usd-70-mn\/\">\r\n                            Saudi Arabia\u2019s SIIG acquires 24% stake in Danish sustainable protein company Unibio for USD 70 mn                        <\/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\/03\/29\/saudi-arabias-siig-acquires-24-stake-in-danish-sustainable-protein-company-unibio-for-usd-70-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/saudi-arabias-siig-acquires-24-stake-in-danish-sustainable-protein-company-unibio-for-usd-70-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76721\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/saudi-arabias-siig-acquires-24-stake-in-danish-sustainable-protein-company-unibio-for-usd-70-mn\/agreement-2-1600px-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"agreement-2-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76720\" class=\"content-area-description single-story post-76720 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-denmark tag-enterpriseclimate tag-ma-watch tag-saudi-arabia tag-siig tag-sustainable-protein tag-unibio 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-01\"><\/a> <strong>KSA\u2019s SIIG taps into sustainable protein:<\/strong> Saudi Arabia\u2019s privately owned petrochemical company Saudi Industrial Investment Group (<a href=\"http:\/\/www.siig.com.sa\/\">SIIG<\/a>) has signed an agreement to acquire a 24% stake in Denmark\u2019s sustainable protein company <a href=\"https:\/\/www.unibio.dk\/\">Unibio International<\/a>, according to a <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZDLDoJADEW_xQVbWlEQ3WFUjI8IEiPOxgw6jiQwQ3CU8PeOutL46q7tubc3BQIxEEEvKacqlYJmut8QZ2t7DlpjFxf-yBpiOOr2w8HQb-K0DetnAKPA1kAwb81wiT46QP7R44fy8LeefEX8zivwJuId-JJhAoRnMnn8wxNJy-VASnZgJSvNc6nHR6WKU89AA6uqMrmUPGPmTuYGvpMc5UlB_EzeuJvL3UTRPa3OmVYTvSqoqKM6T6Q-ZFk2QsQEFPkqxjTI166yk7bXuALPuHni\/dz\/d5\/L0lDU0lKQ2dwUkNncFJDaUNsRUtJS1VRIS9ZQVVFQUFBSUlNSUVBSUNLR0tHQ0tPQk9CQ09KSkZKRk5JRUVKRERMRExOREFBISEvNEpDaWpzWXBNaFRqVUU1Q2ttb3ByZHRMWXpVczF1MmxzNXFDUUEhIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9BTk5PVU5DRU1FTlRfTlVNQkVSLzcyNjU3L2NvbXBhbnlTeW1ib2wvMjI1MC9odHRwOiUwJTB0YWRhd3VsJTAvYW5uQ2F0LzEvYW5JZA!!\/\">disclosure to Tadawul<\/a>. The acquisition will be made through an investment of c.USD 70 mn in the Danish company, with a 9.9% stake acquired in the first phase. The remaining stake would be acquired by SIIG in which the Saudi government owns a 13.1% stake after obtaining necessary approvals for FDI from the Danish government.<\/p>\n<p><strong>Where\u2019s the money going? <\/strong>Unibio will use the proceeds to increase global production capacity, boost operating capabilities, and ramp up innovation, according to a <a href=\"https:\/\/www.unibio.dk\/press-release-saudi-industrial-investment-group-siig-agrees-to-invest-us70-million-in-unibio\/\">statement<\/a> by Unibio on the acquisition.<\/p>\n<p><strong>Sustainable protein what?<\/strong> Sustainable protein focuses on developing new sources of protein through new food-technology alternatives in a bid to address the food security crisis and ensure sustainable feed without use of arable land and low water usage, according to Unibio\u2019s <a href=\"https:\/\/www.unibio.dk\/company\/about\/\">website<\/a>. The Uniprotein feedstock acts as a replacement protein source for animal and fish feed mixes, and production of the protein for direct human consumption is still underway, according to the statement.<\/p>\n<p><strong>Advisors: <\/strong>Ernst & Young acted as advisor for SIIG, while Bank of America advised Unibio International on the transaction.<\/p>\n\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\/denmark\/\">Denmark<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/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\/siig\/\">SIIG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainable-protein\/\">sustainable protein<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/unibio\/\">Unibio<\/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=\"76722\" 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=\"76722\">\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\/03\/29\/uaes-blue-carbon-partners-with-liberia-on-setting-up-carbon-offsetting-frameworks\/\">\r\n                            UAE\u2019s Blue Carbon partners with Liberia on setting up carbon offsetting frameworks                        <\/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\" 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/uaes-blue-carbon-partners-with-liberia-on-setting-up-carbon-offsetting-frameworks\/\">\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=UAE\u2019s Blue Carbon partners with Liberia on setting up carbon offsetting frameworks&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/uaes-blue-carbon-partners-with-liberia-on-setting-up-carbon-offsetting-frameworks\/\">\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\/03\/29\/uaes-blue-carbon-partners-with-liberia-on-setting-up-carbon-offsetting-frameworks\/&title=UAE\u2019s Blue Carbon partners with Liberia on setting up carbon offsetting frameworks\">\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=UAE%E2%80%99s+Blue+Carbon+partners+with+Liberia+on+setting+up+carbon+offsetting+frameworks+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F29%2Fuaes-blue-carbon-partners-with-liberia-on-setting-up-carbon-offsetting-frameworks%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\/03\/29\/uaes-blue-carbon-partners-with-liberia-on-setting-up-carbon-offsetting-frameworks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/830.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76723\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/uaes-blue-carbon-partners-with-liberia-on-setting-up-carbon-offsetting-frameworks\/830-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/830.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"830.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/830.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/830.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76722\" class=\"content-area-description single-story post-76722 post type-post status-publish format-standard has-post-thumbnail hentry category-decarbonization tag-climate-change tag-decarbonization tag-enterpriseclimate tag-liberia tag-renewables tag-tanzania tag-uae tag-zambia 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>UAE\u2019s Blue Carbon will help reduce GHG emissions in Liberia:<\/strong> UAE-based carbon offsetting company Blue Carbon signed an agreement with the Liberian government to offset greenhouse gas emissions from the country\u2019s forestry sector, according to <a href=\"https:\/\/gulfnews.com\/business\/corporate-news\/blue-carbon-and-the-government-of-liberia-ink-strategic-mou-to-develop-new-approach-to-blue-carbon-projects-in-the-country-1.1679906865139\">Gulf News<\/a>.<\/p>\n<p><strong>Scope of the agreement: <\/strong>The partnership agreement will see Blue Carbon conduct feasibility studies and secure accreditation for a nature-based carbon offsetting framework, and develop strategies for carbon market regulation and audits for carbon emissions across the country, according to Gulf News.<\/p>\n<p><strong>What they said:<\/strong> \u201cThis bilateral association marks another milestone for Blue Carbon to enable government entities to define their sustainable frameworks and help transition to a low-carbon economical system \u2026 reaching their Net Zero goals in compliance with the transferability of credits under Article 6 of the Paris Agreement,\u201d Blue Carbon Chairman Sheikh Ahmed Dalmook Al Maktoum said.<\/p>\n<p><strong>The agreement follows similar projects in Tanzania and Zambia:<\/strong> Blue Carbon signed a partnership agreement in February with the Tanzanian government to jointly register and conserve some 8 mn hectares of forest land in the African country \u2014 including 56k hectares of mangroves \u2014 as part of the first phase of a biodiversity protection program that will see Blue Carbon list the forest resources it conserves in the country as carbon credits, <a href=\"https:\/\/gulfnews.com\/business\/corporate-news\/blue-carbon-and-the-government-of-tanzania-join-forces-to-accelerate-transition-to-low-carbon-economy-1.1675752836855\">Gulf News<\/a>reported. That same month Blue Carbon inked a similar agreement with the government of <a href=\"https:\/\/gulfnews.com\/business\/corporate-news\/blue-carbon-and-government-of-zambia-sign-mou-to-unlock-the-potential-of-carbon-removal-projects-1.1675850886963\">Zambia<\/a>, targeting the conservation of 8 mn hectares of the country\u2019s forest resources to generate carbon credits.<\/p>\n<p><strong>About Blue Carbon:<\/strong> Launched in 2022 by the Private Office of Sheikh Ahmed Dalmook Al Maktoum, Blue Carbon invests in nature-based solutions that offset carbon emissions such as mangroves and seagrass meadows, according to its <a href=\"https:\/\/bluecarbontoolkit.ae\/en\/about\">website<\/a>.<\/p>\n\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\/liberia\/\">Liberia<\/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\/tanzania\/\">Tanzania<\/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\/zambia\/\">Zambia<\/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=\"76724\" 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=\"76724\">\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\">CARBON MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/qatars-global-carbon-council-set-to-issue-carbon-credits-on-egypts-egx\/\">\r\n                            Qatar\u2019s Global Carbon Council set to issue carbon credits on Egypt\u2019s EGX                        <\/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\/03\/29\/qatars-global-carbon-council-set-to-issue-carbon-credits-on-egypts-egx\/\" 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\/03\/29\/qatars-global-carbon-council-set-to-issue-carbon-credits-on-egypts-egx\/')\">\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\/03\/29\/qatars-global-carbon-council-set-to-issue-carbon-credits-on-egypts-egx\/\">\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=Qatar\u2019s Global Carbon Council set to issue carbon credits on Egypt\u2019s EGX&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/qatars-global-carbon-council-set-to-issue-carbon-credits-on-egypts-egx\/\">\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\/03\/29\/qatars-global-carbon-council-set-to-issue-carbon-credits-on-egypts-egx\/&title=Qatar\u2019s Global Carbon Council set to issue carbon credits on Egypt\u2019s EGX\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                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src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/468.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76725\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/qatars-global-carbon-council-set-to-issue-carbon-credits-on-egypts-egx\/468-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/468.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"468.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/468.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/468.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76724\" class=\"content-area-description single-story post-76724 post type-post status-publish format-standard has-post-thumbnail hentry category-carbon-markets tag-carbon-markets tag-climate-change tag-egypt tag-enterpriseclimate tag-pollution 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-03\"><\/a> <strong>Qatar\u2019s <\/strong><strong>GCC is eyeing Egypt\u2019s bourse: <\/strong>Egypt\u2019s stock exchange \u2014 the EGX \u2014 will list carbon credits issued by Doha-based international provider <a href=\"https:\/\/www.globalcarboncouncil.com\/\">Global Carbon Council<\/a> (GCC) on its planned carbon market under a MoU signed by the two sides, it said in a <a href=\"https:\/\/www.egx.com.eg\/downloads\/press_release_en_27-03_english.pdf\">statement (pdf)<\/a> this week.<\/p>\n<p><strong>REFRESHER- <\/strong>The EGX is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b3599423-c563-41aa-945b-10de45f07194\">set to launch<\/a> Africa\u2019s first voluntary carbon market (VCM) in mid-2023 and is partnering with the Agricultural Bank of Egypt and Enara Group\u2019s Libra Capital to establish Libra Carbon, the Egyptian company that will supply carbon offsets to the VCM.<\/p>\n<p><strong>What they said: <\/strong>\u201cEGX's collaboration with GCC will help in achieving global climate goals besides creating new business opportunities for the African continent through a transparent and fair ecosystem, this collaboration will increase the liquidity in the market and give investors access to high quality carbon credits which they can use to offset their residual emissions and take their steps towards achieving net\u2010zero goals,\u201d EGX Executive Chairman Rami El\u2010Dokany noted in the statement.<\/p>\n<p><strong>Who are GCC?<\/strong> The GCC is a Qatar-based voluntary carbon offsetting program that works with groups in the MENA region and beyond to offset carbon emissions. It issues carbon credits for a range of emission-reduction projects, and has been approved by international organizations including <a href=\"https:\/\/www.globalcarboncouncil.com\/global-carbon-council-receives-approval-under-icaos-corsia-to-help-international-airlines-meet-carbon-neutral-growth-targets\/\">UN International Civil Aviation Organization<\/a> and the <a href=\"https:\/\/www.globalcarboncouncil.com\/\">International Carbon Reduction and Offset Alliance<\/a>.<\/p>\n<p><strong>But their business model has been drawing criticism:<\/strong> GCC \u2014 which sold carbon credits offsetting some 1.8 mn tons to Qatar in a bid to help push down emissions generated in the wake of Fifa\u2019s 2022 World Cup in Doha \u2014 approves projects that <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d4f7d2c0-2aa5-4959-88ed-00ce3e621e91\">fail to meet global environmental standards<\/a>. The program greenlights projects in middle-income countries like India and Turkey that incentivize developers to build renewables projects with the promise of additional revenue from carbon credit sale, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-17\/how-the-2022-world-cup-rebuilt-a-market-for-renewable-energy-carbon-offsets?srnd=green&leadSource=uverify%20wall\">Bloomberg<\/a> reported last year, adding that such incentives are no longer needed as the steep drop in the cost of renewable power over the past decade renders clean energy ventures already cost-efficient.<\/p>\n\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\/carbon-markets\/\">carbon markets<\/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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pollution\/\">pollution<\/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=\"76726\" 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=\"76726\">\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\">MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/ems-are-at-risk-of-falling-behind-as-the-green-tech-revolution-revs-up\/\">\r\n                            EMs are at risk of falling behind as the green tech revolution revs up                        <\/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\/03\/29\/ems-are-at-risk-of-falling-behind-as-the-green-tech-revolution-revs-up\/\" 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 emerging frontier technologies the report studied \u2014 which include renewables and clean energy tech such as EVs, solar, and green hydrogen \u2014 are projected to collectively generate some USD 9.5 tn by the end of the decade.<\/p>\n<p><strong>How much could EMs potentially miss out on?<\/strong> Green technologies are expected to reach a market value of USD 2.1 tn in 2030 \u2014 fourfold higher than current market value, the reports finds, adding that developed countries are on a trajectory to ride the green tech wave on the back of strong policy action and investments. Developing countries, on the other hand, are at risk of missing out on the tech revolution and the economic opportunities that come with it due to a lack of regulations, technical and scientific know-how, infrastructure, and capital to compete with developed markets, according to UNCTAD.<\/p>\n<p><strong>A glance at the numbers:<\/strong> The net global exports of green technologies more than doubled from 2018 to reach over USD 156 bn in 2021, the report states. During the same period, emerging markets\u2019 share of global exports plummeted 15 percentage points to below 33% by 2021.<\/p>\n<p><strong>Why is this important?<\/strong> \u201cWe are at the beginning of a technological revolution based on green technologies \u2026 Developing countries must capture more of the value being created in this technological revolution to grow their economies,\u201d UNCTAD Secretary-General Rebeca Grynspan said. \u201cMissing this technological wave because of insufficient policy attention or lack of targeted investment in building capacities would have long-lasting negative implications,\u201d she added.<\/p>\n<p><strong>Who tops the list and who is lagging behind? <\/strong>Developed countries including the US, Sweden, Singapore, Switzerland and the Netherlands top the list on the back of solid rankings across the five metrics of the index: ICT, research and development, skills, finance indicators, and industrial capacity, UNCTAD notes, adding that countries in Latin America, the Caribbean, and sub-Saharan Africa are the most unprepared to adapt and adopt the frontier technologies that the global economy will reorient itself toward.<\/p>\n<p><strong>From our neck of the woods, the UAE comes in at number 37<\/strong>, followed by Saudi Arabia placing at 47, Bahrain at number 60, Oman at 64, Tunisia at 66, Qatar at 67, Morocco at 70, Lebanon at 77, Jordan at 80, Egypt at number 83, Algeria at 97, and Sudan coming last at 163.<\/p>\n<p><strong>What have the top developing countries done to rise in the ranks?<\/strong> Emerging countries high on UNCTADS\u2019 list include China (35), Brazil (40), and India (46) exceeded readiness expectations by acclimating their economy to the new technological revolution through strong government policies supporting innovation, according to UNCTAD. China outperformed its emerging counterparts due to salient government policies ramping up tech advancements like the country\u2019s 2006 renewable energy law, which boosted solar energy subsidies and introduced initiatives to increase private sector contribution in renewables, the report notes.<\/p>\n<p><strong>What needs to be done?<\/strong> Emerging markets will need to channel more capital toward frontier and green sectors through the introduction of policy instruments, smart specialization initiatives, and demonstration projects, according to UNCTAD. Developing economies will also have to upscale their technical skills, expand investments in ICT, infrastructure, and plug the growing connectivity chasm between small and large enterprises to enable mass production and use of green and frontier technologies, the report notes.<\/p>\n<p><strong>But where\u2019s the capital? <\/strong>The international economy should play an integral role in boosting emerging economies\u2019 green tech readiness, investing more capital to support developing countries' tech capabilities and establishing trade rules fostering competition while being aligned with the Paris Agreement on climate change, UNCTAD says.<\/p>\n\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\/bahrain\/\">Bahrain<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/macro-picture\/\">MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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\/tunisia\/\">Tunisia<\/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\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/unctad\/\">UNCTAD<\/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=\"76728\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76729\" 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=\"76729\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/the-worlds-tallest-3d-printed-building-courtesy-of-ksas-dar-al-arkan-standard-chartered-and-siemens-energy-issue-green-guarantee-for-qatar-solar-project\/\">\r\n                            The world\u2019s tallest 3D printed building, courtesy of KSA\u2019s Dar Al Arkan + Standard Chartered and Siemens Energy issue green guarantee for Qatar solar project                        <\/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                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href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/the-worlds-tallest-3d-printed-building-courtesy-of-ksas-dar-al-arkan-standard-chartered-and-siemens-energy-issue-green-guarantee-for-qatar-solar-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/762.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76730\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/the-worlds-tallest-3d-printed-building-courtesy-of-ksas-dar-al-arkan-standard-chartered-and-siemens-energy-issue-green-guarantee-for-qatar-solar-project\/762-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/762.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"762.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/762.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/762.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76729\" class=\"content-area-description single-story post-76729 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-renewables tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>KSA completes its tallest 3D printed building: <\/strong>Saudi real estate developer <a href=\"https:\/\/www.daralarkan.com\/\">Dar Al<\/a><a href=\"https:\/\/www.daralarkan.com\/\">Arkan<\/a> completed construction of a 3D printed 3-storey, 9.9-meter-tall villa in Riyadh using Danish construction printing solutions firm Cobod\u2019s 3D printer, according to a company <a href=\"https:\/\/cobod.com\/stunning-state-of-the-art-three-floors-smart-home-villa-in-saudi-is-the-tallest-on-site-3d-printed-building-in-the-world\/\">statement<\/a>. The villa \u2014 which was printed over 26 days \u2014 will source its power needs from nine solar panels installed atop its roof, and is kitted with nanotechnology reflectors to deflect heat.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Standard Chartered Bank<\/strong> and <strong>Siemens Energy<\/strong> announced the issuance of <strong>a green <\/strong><strong>guarantee <\/strong>\u2014 an <a href=\"https:\/\/www.investopedia.com\/terms\/b\/bankguarantee.asp\">agreement<\/a> that the bank will cover the borrower's debt in the case they fail to settle it \u2014 for <strong>a solar project in Qatar<\/strong>, without specifying the project or the value of the guarantee line. (<a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/standard-chartered-bank-and-siemens-energy-issue-qatars-first-green-guarantee-koxe65sz\">Statement<\/a>)<\/li>\n<\/ul>\n\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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76731\" 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=\"76731\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/29\/geothermal-heat-pumping-systems-can-reduce-building-emissions-by-53\/\">\r\n                            Geothermal heat pumping systems can reduce building emissions by 53%                        <\/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\/03\/29\/geothermal-heat-pumping-systems-can-reduce-building-emissions-by-53\/\" 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 834-unit apartment building will tap into the state\u2019s geothermal capacities stored 152 meters below ground by drilling 322 holes to extract heat energy. Construction is due to be completed by 2025 and it will be one of the biggest US residential buildings using this technology.<\/p>\n<p><strong>How does it work? <\/strong>A heat pump uses technology similar to refrigerators or air conditioners whereby heat is extracted from a source \u2014 such as the surrounding air or geothermal energy \u2014 then amplified and transferred to where it is needed, the International Energy Agency (IEA) <a href=\"https:\/\/www.iea.org\/reports\/the-future-of-heat-pumps\/how-a-heat-pump-works\">explains<\/a>. When geothermal energy is the heat source, cooling the building requires water to be mixed with an additive that inhibits freezing to be pumped down pipes into the holes where it gets colder and then pumped back up. To heat the building, stable underground temperatures can bring the water temperature to 13\u00b0C, then an electric heater increases warmth before distributing through the building.<\/p>\n<p><strong>Tapping into geothermal energy can make buildings more energy efficient: <\/strong>Buildings account for about 8% of global carbon emissions, mostly from burning fossil fuels for heating, Bloomberg writes. The region has already rolled out a <a href=\"https:\/\/ent.news\/2023\/3\/845.pdf\">large number of district cooling projects<\/a> in a bid to increase building energy efficiency. By combining its <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d285a31d-e4c9-4ea0-b5b3-0d9db0b73528\">new interest in geothermal energy<\/a>, with its efficient cooling systems, the region has the potential to cut down on its building emissions entirely.<\/p>\n\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\/geothermal-energy\/\">geothermal energy<\/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\/us\/\">US<\/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=\"76733\" 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\/03\/29\/76733\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76733\" class=\"content-area-description single-story post-76733 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>APRIL 2023<\/strong><\/p>\n<p>6 April (Thursday): Arabia CSR Awards 2022 Clinic (online).<\/p>\n<p>18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE.<\/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>4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference (<a href=\"https:\/\/10times.com\/irenec\">IRENEC<\/a>), Istanbul, Turkey.<\/p>\n<p>8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE.<\/p>\n<p>9 May (Tuesday): <a href=\"https:\/\/www.world-hydrogen-summit.com\/programme\/\">World Hydrogen 2023 Summit & Exhibition<\/a>, Rotterdam, Netherlands.<\/p>\n<p>9-10 May (Tuesday-Wednesday): <a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/\">The Solar Show MENA<\/a>, Cairo, Egypt.<\/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>30 May-1 June (Tuesday-Thursday): <a href=\"https:\/\/www.timeshighered-events.com\/gsd-congress-2023\">Global Sustainable Development Congress<\/a>, King Abdullah University of Science and Technology (KAUST), KSA.<\/p>\n<p><strong>JUNE 2023<\/strong><\/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>12-15 June (Monday-Thursday): <a href=\"https:\/\/saudipp.com\/\">Saudi Plastics & Petrochem<\/a>, Riyadh, KSA.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a>, Dubai, UAE.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/www.bloombergneweconomy.com\/gateway-africa\/\">Bloomberg New Economy Gateway Africa Conference<\/a>, Marrakesh, Morocco.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>3-7 July (Monday-Friday): <a href=\"https:\/\/aic2023.geo.unibuc.ro\/en\/\">The 36th Conference of the International Association of Climatology<\/a>, Bucharest, Romania.<\/p>\n<p><strong>AUGUST 2023<\/strong><\/p>\n<p>20 August-24 August (Sunday-Wednesday): <a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week 2023<\/a>, Stockholm, Sweden.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>9-20 September (Saturday-Wednesday): <a href=\"https:\/\/www.un.org\/en\/conferences\/SDGSummit2023\">2023 Sustainable Development Goals Summit<\/a>, New York, U.S..<\/p>\n<p>11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.<\/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>4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.<\/p>\n<p>16-18 October (Monday-Wednesday): <a href=\"https:\/\/www.climatelinks.org\/events\/climate-week-2022-2nd-world-conference-climate-change-sustainability\">Climate Week<\/a>, Rome, Italy.<\/p>\n<p>31 October \u2013 2 November (Tuesday-Thursday): <a href=\"https:\/\/www.worldhydropowercongress.org\/\">World Hydropower Conference<\/a>, Bali, Indonesia.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>9-10 November (Thursday-Friday): <a href=\"https:\/\/www.irena.org\/News\/pressreleases\/2023\/Mar\/IRENA-To-Hold-First-Latin-American-Investment-Forum-in-Uruguay\">International Renewable Energy Agency Investment Forum<\/a>, Uruguay.<\/p>\n<p>30 November - 12 December: <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>2050<\/strong><\/p>\n<p><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\">Tunisia\u2019s carbon neutrality target<\/a>.<\/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\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":76716,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-76715","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d94824c7-3c50-4699-984b-1ef3c54da261","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/106.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>Saudi Arabia\u2019s SIIG agrees to buy 24% stake in Danish sustainable protein company Unibio - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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