{"id":76956,"date":"2023-04-12T02:45:05","date_gmt":"2023-04-12T02:45:05","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=76956"},"modified":"2025-12-15T08:47:57","modified_gmt":"2025-12-15T08:47:57","slug":"egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/","title":{"rendered":"Egypt\u2019s EPAP provides EUR 22 mn in financing to support industrial pollution control projects"},"content":{"rendered":"<section id=\"76958\" 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=\"76958\">\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\/04\/12\/today-egypt-earmarks-c-eur-22-mn-for-three-industrial-pollution-control-projects-in-the-sczone\/\">\r\n                            TODAY: Egypt earmarks c. EUR 22 mn for three industrial pollution control projects in the SCZone                        <\/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\/04\/12\/today-egypt-earmarks-c-eur-22-mn-for-three-industrial-pollution-control-projects-in-the-sczone\/\" 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\/04\/12\/today-egypt-earmarks-c-eur-22-mn-for-three-industrial-pollution-control-projects-in-the-sczone\/')\">\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\/04\/12\/today-egypt-earmarks-c-eur-22-mn-for-three-industrial-pollution-control-projects-in-the-sczone\/\">\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: Egypt earmarks c. 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EUR 22 mn for three industrial pollution control projects in the SCZone\">\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+Egypt+earmarks+c.+EUR+22+mn+for+three+industrial+pollution+control+projects+in+the+SCZone+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F12%2Ftoday-egypt-earmarks-c-eur-22-mn-for-three-industrial-pollution-control-projects-in-the-sczone%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\/04\/12\/today-egypt-earmarks-c-eur-22-mn-for-three-industrial-pollution-control-projects-in-the-sczone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/262.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76959\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/today-egypt-earmarks-c-eur-22-mn-for-three-industrial-pollution-control-projects-in-the-sczone\/262-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/262.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"262.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/262.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/262.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76958\" class=\"content-area-description single-story post-76958 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-carbon-markets tag-egypt tag-enterpriseclimate tag-evs tag-oman 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, friends. <\/strong>We have an issue heavy on climate finance updates from Egypt and beyond. Let\u2019s jump in.<\/p>\n<p><strong>OUR TOP CLIMATE STORY- <\/strong>Egypt\u2019s Environmental Affairs Agency inked three funding agreements worth c. EUR 22 mn to support industrial pollution control projects for three companies based in the Suez Canal Economic Zone. In other finance news, the French Development Agency approved a EUR 1.5 mn grant to Egypt\u2019s Environment Ministry in a bid to develop the national banking sector\u2019s climate finance strategy.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on these stories and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- The World Bank\u2019s executive board will<\/strong><strong> interview US candidate next month:<\/strong> The World Bank Group\u2019s executive board is reportedly planning to interview the US nominee for the development bank\u2019s presidency, Ajay Banga in May, <a href=\"https:\/\/www.reuters.com\/business\/finance\/world-bank-board-interview-us-nominee-banga-early-may-sources-say-2023-04-11\/\">Reuters<\/a> reports, citing unnamed sources. The bank\u2019s current chief David Malpass informed the board his last day would be Thursday, 1 June. The same board interviewing former Mastercard CEO Banga next month said in <a href=\"https:\/\/www.reuters.com\/business\/finance\/world-bank-board-consider-us-nominee-banga-sole-candidate-next-leader-2023-03-30\/\">March<\/a> it would consider no other nominees for WB\u2019s top post since Banga was the only candidate elected.<\/p>\n<p><strong>SPEAKING OF THE WORLD BANK- US Treasury Secretary Janet Yellen will hold a roundtable discussion <\/strong><strong>t<\/strong><strong>oday on the sidelines of the World Bank Spring Meetings <\/strong>where she is expected to call for the evolution of the World Bank and other development lenders beyond the World Bank\u2019s recently proposed lending expansion target of EUR 5 bn per annum, <a href=\"https:\/\/www.reuters.com\/business\/finance\/yellen-push-next-steps-development-bank-evolution-spring-meetings-2023-04-10\/\">Reuters<\/a> reports, quoting an unnamed US Treasury official. Late last month, the World Bank <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/world-bank-boost-financing-capacity-ibrd-lending-arm-by-up-50-bln-malpass-2023-03-30\/\">announced<\/a> it would increase its lending capacity for climate and other crises-focused projects by USD 50 bn over the next decade while maintaining its AAA credit rating.<\/p>\n<p><strong>As expected:<\/strong> In <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ce51b4cc-5bad-4809-867e-c6eddaf29032\">March<\/a>, Yellen and Germany\u2019s acting governor to the World Bank Svenja Schulze spoke about overhauling the World Bank\u2019s financing structure ahead of COP28 to incorporate climate finance, pandemic control, and poverty reduction as top priorities. Yellen and German allies said they are keen to see a solid \u201cschedule for reform\u201d of the World Bank as early as April, as the lender faces pressure for failing to address climate change.<\/p>\n<p><strong>Climate-related discussions and workshops happening on day three of the meetings:<\/strong><\/p>\n<ul>\n<li>Investing for Impact: Mobilizing Private Capital in Challenging Times (8:30am EDT)<\/li>\n<li>Climate Finance & Country Climate Partnerships (8:30am EDT)<\/li>\n<li>Unlocking Financing Opportunities and Development Potential of Key Transport Corridors in Africa (9am EDT)<\/li>\n<li>Enabling and Delivering Finance for Sustainable Infrastructure Development (11:30am EDT)<\/li>\n<li>Financing for Water Action in a Changing Climate (11:30am EDT)<\/li>\n<li>Coming Down to Earth: How to Tackle Soaring Public Debt (12pm EDT)<\/li>\n<li>Enabling Private Investment through Carbon Markets (2:30pm EDT)<\/li>\n<li>Tackling Global Risks \u2014 Building Capacity to Manage Public Debt (4pm EDT)<\/li>\n<\/ul>\n<p><strong>You can check out the <\/strong><strong><a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring\/schedule\">full schedule<\/a><\/strong><a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring\/schedule\">for the meetings here.<\/a><\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><strong> WATCH THIS SPACE #1- Egypt\u2019s regulator prepares for carbon market launch: <\/strong>Egypt\u2019s Financial Regulatory Authority (FRA) will form a committee to supervise and regulate the country\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/facb23b0-ce8f-482b-98b6-c5ded1a74b26\">soon-to-be launched<\/a> voluntary carbon market, according to a <a href=\"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b4%d9%83%d9%84-%d9%84%d8%ac%d9%86%d8%a9-%d9%84%d9%84%d8%a5%d8%b4%d8%b1%d8%a7%d9%81-%d9%88%d8%a7\/\">statement<\/a>. The new regulator's mandate will include establishing a rulebook outlining the requirements for issuing carbon credits, mapping out the greenhouse gas disclosure schemes companies would have to follow to verify their carbon output, and setting out the criteria for selecting verified carbon crediting bodies. The committee will be headed by FRA chief Mohamed Farid and include representatives from the country\u2019s Environment Ministry, the Egyptian Stock Exchange (EGX), and the FRA.<\/p>\n<p><strong>WATCH THIS SPACE #2- Oman\u2019s Salalah Smart City is coming together: <\/strong>A consortium led by <a href=\"https:\/\/www.fm-me.com\/\">F&M Middle East<\/a> will design the master plan for Oman\u2019s Salalah Smart City project, <a href=\"https:\/\/www.muscatdaily.com\/2023\/04\/10\/consortium-appointed-for-master-planning-of-salalah-smart-city\/\">Muscat Daily<\/a> reports. The smart city\u2019s design will minimize the use of cars, provide efficient public transportation, and facilitate walking and cycling. The port city of Salalah is a <a href=\"https:\/\/www.acwapower.com\/news\/acwa-power-oq-and-air-products-sign-joint-development-agreement-toward-world-scale-green-hydrogen-based-ammonia-production-facility-in-oman\/\">prime candidate<\/a> for hosting green hydrogen and green ammonia production and storage facilities and will be connected to a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/15a2e8a8-2e2f-4a1e-bb19-594d74055fd8\">planned hydrogen pipeline network<\/a>. It will also serve as the location of Oman\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e2c3c3a6-6f2b-45e9-9a05-ee907fe6ffc5\">first e-waste recycling facility<\/a>.<\/p>\n<p><strong>WATCH THIS SPACE #3- Export restrictions <\/strong><strong>on rare earths critical for EV and renewable energy production increased five-fold between 2009-2020<\/strong>, according to a <a href=\"https:\/\/www.oecd-ilibrary.org\/docserver\/c6bb598b-en.pdf\">report (pdf)<\/a> by the Organization for Economic Co-operation and Development. Nearly one-tenth of raw material sales over the last decade faced at least one form of restriction, the research found. Although the World Trade Organization prohibits export restrictions in the form of quantity caps, the world\u2019s top export prohibitors \u2014 including Russia, China, Vietnam, and India \u2014 have instated export taxes to bypass WTO restrictions and curb critical mineral trade.<\/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><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>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.<br \/>\n <strong>***<\/strong><\/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>The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking place on Monday, 15 May at Four Seasons, Nile Plaza in Cairo. <\/strong>The Enterprise Exports & FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help Egypt build an export-led economy that makes it a magnet for foreign direct investment (FDI).<\/p>\n<p><strong>What\u2019s the Enterprise Exports & FDI Forum?<\/strong> In the wake of successive floats of EGP, exports and FDI have never been more important to Egypt\u2019s economy \u2014 or its businesses. We\u2019re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers, and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what Egypt as a country can do to draw foreign investment and much-needed FX. Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories. <a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#aboutSection\">You can learn more on our conference website here<\/a>.<\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/strong>If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please fill out the form <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">here<\/a> to signal your interest, letting us know your name, title and where you work.<\/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>Japan will host The G7 Ministers\u2019 <\/strong><strong><a href=\"https:\/\/sdg.iisd.org\/events\/g7-ministers-meeting-on-climate-energy-and-environment-2023\/\">Meeting on Climate, Energy, and Environment<\/a><\/strong> <strong>on Saturday, 15 April <\/strong>in Sapporo. The two-day event will see cabinet members from G7 member states discuss solutions for the global power crunch triggered by the Russia-Ukraine war, explore pathways to transition the global economy toward 100% clean energy, further negotiations on the <a href=\"https:\/\/www.unep.org\/news-and-stories\/story\/plastic-treaty-progress-puts-spotlight-circular-economy#:~:text=According%20to%20the%20UNEA%20Resolution,just%20circular%20economy%20approaches%20that\">UN\u2019s plastic pollution treaty<\/a>, as well as the <a href=\"https:\/\/www.unep.org\/news-and-stories\/statements\/adoption-kunming-montreal-global-biodiversity-framework-gbf\">Kunming-Montreal Global<\/a><\/p>\n<p><a href=\"https:\/\/www.unep.org\/news-and-stories\/statements\/adoption-kunming-montreal-global-biodiversity-framework-gbf\">Biodiversity Framework<\/a>, and devise a roadmap for strengthening climate resilience for climate-vulnerable countries.<\/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>Germany will host the <\/strong><strong><a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">first COP27 transitional committee workshop<\/a><\/strong><strong> from <\/strong><strong>Saturday, 29 April to Sunday, 30 April <\/strong>in Bonn. The workshop will address climate-driven loss and damage impacts, will spotlight the findings of a report prepared by the UN on current funding arrangements for climate mitigation efforts, and bring together a host of international financial institutions to discuss pathways to upping funding capacity for climate-induced loss and damage.<\/p>\n<p><strong>Turkey is hosting the <\/strong><strong><a href=\"https:\/\/www.irenec.org\/eng\/\">International 100% Renewable Energy Conference<\/a><\/strong><strong> from 4<\/strong><strong>-6 May<\/strong> in Istanbul. The event will bring together experts to discuss the integration of renewables, renewable energy technologies and applications, and the <a href=\"https:\/\/www.iea.org\/reports\/net-zero-by-2050\">Roadmap to 2050<\/a>.<\/p>\n<p><strong>The UAE is hosting the <\/strong><strong><a href=\"https:\/\/moiat.gov.ae\/en\/uae-climate-tech\">UAE Climate Tech<\/a><\/strong><strong> forum on 10 and 11 May <\/strong>in Abu Dhabi. The event will gather over 1k policymakers, CEOs, experts, and investors to discuss collaboration on innovative technologies and economic opportunities in advancing decarbonization across all sectors.<\/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\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\/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\/oman\/\">Oman<\/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=\"76960\" 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=\"76961\" 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=\"76961\">\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\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/\">\r\n                            Egypt\u2019s EPAP provides EUR 22 mn in financing to support industrial pollution control projects                        <\/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\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/\" 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\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/')\">\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\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/\">\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=Egypt\u2019s EPAP provides EUR 22 mn in financing to support industrial pollution control projects&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/\">\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\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/&title=Egypt\u2019s EPAP provides EUR 22 mn in financing to support industrial pollution control projects\">\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=Egypt%E2%80%99s+EPAP+provides+EUR+22+mn+in+financing+to+support+industrial+pollution+control+projects+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F12%2Fegypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects%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\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1038.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76962\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/1038-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1038.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1038.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1038.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1038.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76961\" class=\"content-area-description single-story post-76961 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-climate-finance tag-egypt tag-emissions tag-enterpriseclimate tag-flex-films tag-green-finance tag-huhtamaki-egypt tag-recycling tag-semadco 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>Egypt\u2019s EPAP funds industrial pollution control:<\/strong> The Egyptian Environmental Affairs Agency signed three funding agreements worth c. EUR 22 mn with El Nasr for Fertilizers and Chemical Industries (<a href=\"https:\/\/www.semadco.com\/?lang=en\">Semadco<\/a>), packaging solutions provider <a href=\"https:\/\/www.flexfilm.com\/flex-egypt.php\">Flex Films<\/a> and food packaging player <a href=\"https:\/\/www.huhtamaki.com\/en-eg\/fiber-packaging\/about-us\/huhtamaki-south-africa\/\">Huhtamaki Egypt<\/a> to support industrial pollution control projects by the companies based in the Suez Canal Economic Zone, according to an Egyptian Environment Ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02Key3bb2uddq63RpyA7AsgCHbzrsgxnUQcRERsMrBhgp8BDhVo3EURLtAu6khvsE3l\">statement<\/a>. The agreements fall under the ministry\u2019s Egyptian Pollution Abatement Programme (<a href=\"https:\/\/epap3.com\/en\/\">EPAP<\/a>), which is now in its third phase since the program\u2019s launch in 2015, the statement notes.<\/p>\n<p><strong>What is EPAP?<\/strong> The program is a wide-scale initiative launched in the early 1990s by the ministry to help industries reduce energy and resource consumption and comply with environmental regulations, according to its <a href=\"https:\/\/epap3.com\/en\/\">website<\/a>. It provides a mix of loans and grants to industries, with financial backing from parties including the EU, the French Development Agency (AFD), The European Investment Bank (EIB), and German development bank KfW.<\/p>\n<p><strong>Where are the funds going? <\/strong>Some EUR 11.8 mn will finance Semadco\u2019s EUR 13.56 mn industrial waste disposal station project in Suez. The project aims to reuse industrial wastewater and improve the quality of the wastewater deposited directly into the Red Sea by lowering ammonia, nitrate and dissolved salts levels. The station is set to begin operations in 4Q 2023, the statement notes.<\/p>\n<p><strong>And a bit more for recycling: <\/strong>Felix Films will get EUR 7 mn from EPAP to help fund its EUR 16.05 mn Polyethylene terephthalate (PET) project, according to the statement. The project aims to recycle plastic packaging waste and slash indirect GHG emissions, reducing the company\u2019s carbon footprint. Operations will commence during 3Q 2023. Some EUR 2.84 mn will be provided to Huhtamaki Egypt\u2019s EUR 3.6 mn ethyl acetate project which aims to recycle the solvent used in the industrial process by 95%. The project\u2019s trial operations are currently underway, according to the statement.<\/p>\n<p><strong>Why does this matter? <\/strong>Environmental degradation is costing Egypt some EUR 2.2 bn a year, according to AFD <a href=\"https:\/\/www.afd.fr\/en\/carte-des-projets\/industrial-pollution-abatement\">data<\/a>. EPAP aims to bridge a financing gap for pollution abatement investments estimated at EUR 280 mn, the agency adds.<\/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-finance\/\">climate finance<\/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\/emissions\/\">emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/flex-films\/\">Flex Films<\/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\/huhtamaki-egypt\/\">Huhtamaki Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/semadco\/\">Semadco<\/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=\"76963\" 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=\"76963\">\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\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/\">\r\n                            AFD upscales Egypt\u2019s climate finance strategy with EUR 1.5 mn grant                        <\/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\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/\" 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\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/')\">\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\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/\">\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=AFD upscales Egypt\u2019s climate finance strategy with EUR 1.5 mn grant&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/\">\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\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/&title=AFD upscales Egypt\u2019s climate finance strategy with EUR 1.5 mn grant\">\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=AFD+upscales+Egypt%E2%80%99s+climate+finance+strategy+with+EUR+1.5+mn+grant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F12%2Fafd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant%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\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/434.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76964\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/afd-upscales-egypts-climate-finance-strategy-with-eur-1-5-mn-grant\/434-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/434.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"434.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/434.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/434.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76963\" class=\"content-area-description single-story post-76963 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-climate-finance tag-egypt tag-enterpriseclimate tag-french-development-agency tag-green-finance 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-02\"><\/a> <strong>Egypt receives AFD grant to develop climate finance strategy: <\/strong>The French Development Agency (AFD) will provide a EUR 1.5 mn grant to Egypt\u2019s Environment Ministry in a bid to develop the national banking sector\u2019s climate finance strategy, according to a ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid03YtowPggiq9FgoUsWBCke2SPxunGMg8VTv6FXFCw8GY11Yb1Ps1CihfFnj6nLS3ul\">statement<\/a>.<\/p>\n<p><strong>Not the first time: <\/strong>AFD provided the National Bank of Egypt with a EUR 101.5 mn financing package in 2022 to help it channel funds into renewable and clean energy projects under its <a href=\"https:\/\/www.nbe.com.eg\/AssetsManager\/1b647fed-c7ad-4bc8-924a-9532c10d771b.pdf\">Transforming Financial Systems for Climate (TFSC)<\/a> program. AFD is providing up to EUR 430 mn to finance renewable projects under TFSC, with the UN\u2019s Green Climate Fund co-financing with funds totaling EUR 213 mn.<\/p>\n<p><strong>And there\u2019s a climate financing project in the works: <\/strong>Egypt\u2019s Environment Ministry, Foreign Ministry, and the United Nations Development Program established the \u201cTransforming Financial Systems for Climate in Egypt\u201d (TFSC Egypt), according to the statement. TFSC Egypt will help national banks adopt and implement financing frameworks for renewable energy projects and help banks integrate climate and identify climate risks when financing projects.<\/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-finance\/\">climate finance<\/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\/french-development-agency\/\">French Development Agency<\/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\/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=\"76965\" 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=\"76965\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/\">\r\n                            Ryse Energy secures USD 15 mn in growth funding for international expansion                        <\/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\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/\" 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\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/')\">\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\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/\">\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=Ryse Energy secures USD 15 mn in growth funding for international expansion&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/\">\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\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/&title=Ryse Energy secures USD 15 mn in growth funding for international expansion\">\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=Ryse+Energy+secures+USD+15+mn+in+growth+funding+for+international+expansion+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F12%2Fryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion%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\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1039.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76966\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/ryse-energy-secures-usd-15-mn-in-growth-funding-for-international-expansion\/1039-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1039.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1039.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1039.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1039.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76965\" class=\"content-area-description single-story post-76965 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseclimate tag-investment-watch tag-renewables tag-rwe-energy-transition-investments tag-ryse-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-03\"><\/a> <strong>Ryse Energy secures funds for untapped markets: <\/strong>UAE-based renewable firm <a href=\"https:\/\/www.ryse.energy\/\">Ryse<\/a><a href=\"https:\/\/www.ryse.energy\/\">Energy<\/a> has raised USD 15 mn in a growth funding round led by <a href=\"https:\/\/www.rwe.com\/en\/products-and-services\/energy-transition-investments\/\">RWE Energy Transition Investments<\/a>, according to a <a href=\"https:\/\/www.prnewswire.com\/ae\/news-releases\/ryse-energy-raises-15-million-in-growth-capital-round-led-by-rwe-energy-transition-investments-301793605.html\">statement<\/a>. RWE Energy Transition Investments is the investment arm of RWE Supply & Trading which manages a portfolio of investments in companies and assets that support the energy transition, the statement notes.<\/p>\n<p><strong>What does Ryse Energy do?<\/strong> The Abu-Dhabi based company is a leading manufacturer of high-performance small wind turbine technologies globally. It offers several renewable energy systems \u2014 including solar and energy storage \u2014 which can be used as standalone technologies, grid-connected, off-grid with energy storage or hybridized technologies. It operates in various sectors, including decarbonizing infrastructure in telecoms and oil and gas networks, marine agriculture applications and providing renewable energy access for rural communities.<\/p>\n<p><strong>Worldwide service including our region:<\/strong> The company operates manufacturing facilities in the UK and Spain, with a number of sales offices globally including the US, Europe, the UAE and India. Ryse Energy said it has either sold or installed over 4k units for clients worldwide.<\/p>\n<p><strong>Where\u2019s the money going?<\/strong> The funding will pave the way for Ryse Energy to expand into untapped markets in North America and Africa where replacing diesel is a key strategic focus for decarbonization, according to the statement. The company is also exploring the possibility of expanding its manufacturing locations in the USA, the UAE and India.<\/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\/investment-watch\/\">INVESTMENT WATCH<\/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\/rwe-energy-transition-investments\/\">RWE Energy Transition Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ryse-energy\/\">Ryse 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=\"76967\" 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=\"76967\">\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\">Coffee With\u2026<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/coffee-with-sherine-shohdy-head-of-bii-egypt-and-north-africa-coverage-director\/\">\r\n                            Coffee With: Sherine Shohdy, Head of BII Egypt and North Africa coverage director                        <\/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\/04\/12\/coffee-with-sherine-shohdy-head-of-bii-egypt-and-north-africa-coverage-director\/\" 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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Prior to joining BII, she served as a senior consultant to the <a href=\"https:\/\/www.ifc.org\/\">International Finance Corporation<\/a> (IFC) for over a decade working on infrastructure and natural resource projects in Egypt, Jordan, Iraq and Pakistan.<\/p>\n<p><strong>BII <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a5ad8d18-d6bc-4acf-8072-92425e620d5a\">launched<\/a><\/strong><strong> the Africa Water Infrastructure Development<\/strong> (AWID) \u2014 an investment platform targeting water infrastructure and provision in Africa \u2014 with the UAE\u2019s water and wastewater treatment company <a href=\"https:\/\/www.metito.com\/\">Metito<\/a> in March. The JV will target sustainable water projects at scale to address funding gaps in water security and has been seeded with a desalination project in Egypt\u2019s Sharm El Sheikh and a water treatment facility in Kigali, Rwanda.<\/p>\n<p><strong>We sat down with Shohdy to discuss climate finance in MENA and Africa<\/strong>, green hydrogen and agritech investment prospects, and GCC\u2019s foreign direct investment drive towards Africa. Edited excerpts from our conversation:<\/p>\n<p><strong>Enterprise: You\u2019ve previously said that BII has a 30% climate finance target over the next <\/strong><strong>five years. Which sectors or regions are you focused on in Africa?<\/strong><\/p>\n<p><strong>Sherine Shohdy: <\/strong>Climate finance touches all sectors and it mandates innovation in terms of how we fund and how we tailor offerings to specific markets. So it comes down to what kind of risks we\u2019re willing to take and how to identify these risks in order to structure products accordingly. We want to take unbankable projects and turn them into bankable projects to mobilize funding from BII, private sector investors or other DFIs. The quantum of financing needed to address this challenge is significant and is growing by the day, and the more innovation we can bring to our markets, the more impactful and effective we can be.<\/p>\n<p>Our climate finance target is based on our five year business plan and strategy which runs between 2023-2027. 30% of new commitments that we make will be climate finance in all the countries that we operate in across Africa and South Asia. We try to tailor our climate finance approach in individual countries to meet the unique requirements, specifications, opportunities and dynamics of each country.<\/p>\n<p><strong>E:<\/strong> <strong>What are the risks associated with climate finance, especially in Africa? <\/strong><\/p>\n<p><strong>SS: <\/strong>There is the market-specific risk and there\u2019s also embedded, sector-specific risks. Because climate solutions are innovative and do not always have proven concepts, the novelty of climate tech makes it more risky compared to other investments. So there\u2019s the question of how to capture that risk and take it into consideration and what sort of returns to expect and when.<\/p>\n<p>There is a lot of appetite for innovation and climate finance, but it comes with its challenges. It\u2019s not one-size-fits-all \u2014 opportunities have to be tailored to markets based on their needs and requirements.<\/p>\n<p><strong>E: Which cleantech and climate tech sub-sectors are seeing the most investment in <\/strong><strong>Africa? <\/strong><\/p>\n<p><strong>SS: <\/strong>There are a lot of opportunities in renewable energy and green hydrogen, Morocco and Egypt have potential to become hubs in the region. BII is currently looking at innovative financing structures for green hydrogen. Because it is new, we have to be innovative in how something like green hydrogen should be priced and how to take the risk on board so that it doesn't distort the market. This process is key because you want to make it so that similar projects become eligible for normal financing in the future so they don\u2019t always rely on subsidized funding or concessional financing.<\/p>\n<p><strong>E: You\u2019ve previously invested with VCs in Egypt, particularly in climate and clean tech. <\/strong><strong>Are you looking at other VCs in North Africa? <\/strong><\/p>\n<p><strong>SS: <\/strong>We think very highly of the VC space because it is able to address and capture a lot of innovation and, even though the amounts deployed are small, it is very impactful. We\u2019ve been watching North African VCs closely over the past couple of years, and we\u2019re trying to support as many as we can. In Egypt, we\u2019ve closed on three VC fund investments with Sawari Ventures, Endure Capital and Algebra Ventures. We also have our own VC scale-up program, which allows us to invest in VC funds as well as to invest directly into the asset alongside them, and our investment in MoneyFellows is one example of that. Right now, we want to help Egypt-based VCs expand their footprint to North Africa and vice versa.<\/p>\n<p><strong>E: Do you expect to see more DFIs partnering with GCC-based funds and companies to <\/strong><strong>invest in Africa\u2019s energy transition in the short- to medium-term? <\/strong><\/p>\n<p>These collaborations are a way to explore how to bring more funding together, as opposed to each player working independently. Every single player in the market has a role to play. Over the past ten years, GCC FDI interest in Africa has mainly been concentrated in Egypt, which has attracted USD 70 bn, followed by Morocco, which has attracted USD 4.6-5 bn, according to data from <a href=\"https:\/\/www.whitecase.com\/insight-our-thinking\/africa-focus-winter-2022-africa-and-gulf-states\">White & Case<\/a>. In totality, the GCC has made around 64 investments in Africa's clean and climate tech sectors over the past ten years. Agribusiness is dominating that funding as climate change and supply chain disruptions drive the GCC to diversify food imports and trade links. Given that Africa has 60% of the world\u2019s arable land and could add around 20% of the world\u2019s cereals and grains output, there is huge potential.<\/p>\n<p><strong>E: There\u2019s some anxiety around rising emissions in Africa as it ramps up development <\/strong><strong>efforts. Do you expect that we\u2019ll see more deregulation and decentralization to accelerate access in Africa?<\/strong><\/p>\n<p><strong>SS:<\/strong> I think the progress of each country is different but the direction of travel is the same. So far, the pace of change is slower than the rise in climate change challenges. Investments in climate tech will help African communities because they have a multiplier effect and can help position Africa as a key player in the global energy transition. Some of the most important points to address are the regulatory and legal regimes, including helping companies set up and scale faster and establishing kickstarter investments. There\u2019s also the question of how do we encourage more investments from Europe and the rest of the world, because making it easier for external investors can open doors for more innovation.<\/p>\n<p><strong>E: Can you tell us more about BII\u2019s Climate Adaptation and Renewable Energy (CARE) blueprint? <\/strong><\/p>\n<p><strong>SS: <\/strong>With CARE, we are trying to approach water more efficiently and exploring ways to mobilize climate financing for it. It\u2019s a partnership that we will approach the Egyptian government with in order to develop a sustainable blueprint for powering energy-intensive water infrastructure and support investors to integrate climate risks and accelerate planning and capital inflows. We are looking at ways of producing and desalinating more sustainably in order to make water qualify for climate financing, as well as to capture and mobilize private sector capital. Our first roll-out is a case study for Egypt, but CARE is a blueprint that we will tailor and implement across Africa.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/british-international-investments\/\">British International Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-tech\/\">Climate tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/coffee-with-5\/\">COFFEE WITH\u2026<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sherine-shohdy\/\">Sherine Shohdy<\/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=\"76969\" 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=\"76969\">\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 DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/\">\r\n                            China wants more energy cooperation with Egypt                        <\/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\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/\" 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\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/')\">\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\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/\">\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=China wants more energy cooperation with Egypt&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/\">\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\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/&title=China wants more energy cooperation with Egypt\">\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=China+wants+more+energy+cooperation+with+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F12%2Fchina-wants-more-energy-cooperation-with-egypt%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\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/924.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76970\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/china-wants-more-energy-cooperation-with-egypt\/924-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/924.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"924.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/924.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/924.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76969\" class=\"content-area-description single-story post-76969 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-china tag-climate-diplomacy tag-egypt tag-enterpriseclimate tag-green-hydrogen wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>More Egypt-China energy cooperation?<\/strong> The Chinese Three Gorges International Corporation (CTGI) is exploring avenues for cooperation with Egypt on renewable energy projects including green hydrogen and seawater desalination, according to a <a href=\"https:\/\/bit.ly\/43lasad\">statement<\/a> released this week. Electricity and Renewable Energy Minister Mohamed Shaker met with CTGI\u2019s CEO to discuss support and increased cooperation between Chinese companies and Egyptian electricity and renewable energy projects via production stations, transmission, and distribution networks.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76971\" 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=\"76971\">\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\/04\/12\/uaes-tadweer-and-austrias-omv-join-forces-on-biofuel-production\/\">\r\n                            UAE\u2019s Tadweer and Austria\u2019s OMV join forces on biofuel production                        <\/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\/04\/12\/uaes-tadweer-and-austrias-omv-join-forces-on-biofuel-production\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n     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OMV join forces on biofuel production&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/uaes-tadweer-and-austrias-omv-join-forces-on-biofuel-production\/\">\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\/04\/12\/uaes-tadweer-and-austrias-omv-join-forces-on-biofuel-production\/&title=UAE\u2019s Tadweer and Austria\u2019s OMV join forces on biofuel production\">\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+Tadweer+and+Austria%E2%80%99s+OMV+join+forces+on+biofuel+production+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F12%2Fuaes-tadweer-and-austrias-omv-join-forces-on-biofuel-production%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\/04\/12\/uaes-tadweer-and-austrias-omv-join-forces-on-biofuel-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1041.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76972\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/uaes-tadweer-and-austrias-omv-join-forces-on-biofuel-production\/1041-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1041.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1041.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1041.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1041.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76971\" class=\"content-area-description single-story post-76971 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-biofuels tag-enterpriseclimate tag-tadweer 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>UAE\u2019s Tadweer is exploring biofuel production:<\/strong> The Abu Dhabi Waste Management Company (Tadweer) has signed an agreement with Austria-based integrated oil and gas company OMV to explore areas for development in the production of biofuels and chemicals from biowaste, <a href=\"https:\/\/wam.ae\/en\/details\/1395303147030\">Wam<\/a> reports.<\/p>\n<p><strong>OMV wants to up its clean fuel production quota:<\/strong> OMV is also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe816882-70d1-498c-9017-d4c20fe76a56\">exploring<\/a> \u2014 alongside Abu Dhabi\u2019s Mubadala Energy and <a href=\"https:\/\/www.parco.com.pk\/\">Pakistani-Arab Refinery<\/a> (Parco) \u2014 the production of sustainable aviation fuels.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>A research team from <strong>Egypt\u2019s Helwan University<\/strong> has been granted <strong>EGP 2 mn<\/strong> in funding from the state-affiliated Science, Technology, and Innovation Funding Authority for their <strong>research project on green hydrogen production<\/strong>. (<a href=\"http:\/\/bit.ly\/3KOXha9\">MENA<\/a>)<\/li>\n<li><strong>Saudi Arabia\u2019s Industry and Mineral Resources Ministry<\/strong> has released the shortlist of <strong>13 local and international bidders<\/strong> who qualified for the second licensing stage for the <strong>mining exploration sites of Muhaddad and Ar Ridaniyah<\/strong>. (<a href=\"https:\/\/twitter.com\/mimgov\/status\/1645045459369508867\">Tweet<\/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\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweer\/\">Tadweer<\/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=\"76973\" 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=\"76973\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/\">\r\n                            Romania\u2019s Hidroelectrica will use upcoming IPO proceeds to boost investments in renewable projects                        <\/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\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/\" 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\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/')\">\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\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/\">\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=Romania\u2019s Hidroelectrica will use upcoming IPO proceeds to boost investments in renewable projects&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/\">\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\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/&title=Romania\u2019s Hidroelectrica will use upcoming IPO proceeds to boost investments in renewable projects\">\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=Romania%E2%80%99s+Hidroelectrica+will+use+upcoming+IPO+proceeds+to+boost+investments+in+renewable+projects+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F12%2Fromanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects%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\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76974\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/12\/romanias-hidroelectrica-will-use-upcoming-ipo-proceeds-to-boost-investments-in-renewable-projects\/828-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"828.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76973\" class=\"content-area-description single-story post-76973 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-britain tag-enterpriseclimate tag-kazakhstan tag-kazatomprom tag-nuclear-energy tag-renewables tag-romania tag-russia tag-uranium 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>Romanian state-owned utility company Hidroelectrica is set to use proceeds from its upcoming <\/strong><strong>IPO to expand partnerships with developers on new renewables projects<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-11\/a-12-billion-utility-races-to-tap-wind-and-solar-as-ipo-looms\">Bloomberg<\/a> reports. The company intends to pull the trigger on its IPO on the Bucharest Stock Exchange by June, which is expected to raise as much as EUR 2.3 bn from the sale of a 20% stake. The company\u2019s hydroelectric power capacity was pushed down by <a href=\"https:\/\/edo.jrc.ec.europa.eu\/documents\/news\/GDO-EDODroughtNews202208_Europe.pdf\">a prolonged drought<\/a> last summer, which has shifted the company\u2019s focus to investing in alternative energy sources including solar and wind, CEO Bogdan Badea said, according to Bloomberg.<\/p>\n<p><strong>Pushing forward with or without EU funding:<\/strong> Although a sizable portion of the EUR 80 bn Romania will receive in the next four years from the EU will be earmarked for renewables projects, Hidroelectrica will maintain a bullish approach and not be \u201cbogged down in the red tape that can accompany energy projects,\u201d Badea told Bloomberg. The company will rely on its own purse and potentially raise debt as it pushes to increase production capacity and divest away from hydro power, he added.<\/p>\n<p><strong>REMEMBER- Hidroelectrica has caught some regional interest lately: <\/strong>The company signed a cooperation agreement with the UAE\u2019s Masdar last month to develop offshore wind and floating solar energy projects in Romania that will generate <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3ea00e9d-a582-4407-b935-921f599dc5ef\">some 2 GW of clean power<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>British oil giants partner on carbon capture: <\/strong>British oil companies Harbour Energy and BP have entered into an agreement to develop the <a href=\"https:\/\/www.vikingccs.co.uk\/\">Viking CCS<\/a> carbon capture and storage plant in the UK\u2019s Humber region, <a href=\"https:\/\/www.reuters.com\/business\/energy\/britains-harbour-energy-bp-develop-viking-ccs-project-2023-04-11\/\">Reuters<\/a> reports. Under the agreement, Harbour would maintain its 60% share of the plant and BP would acquire a 40% stake in the facility, which is expected to have a <a href=\"https:\/\/www.vikingccs.co.uk\/capture\">carbon storage capacity<\/a> of 10 mn tons per year by 2030. The agreement follows the UK government\u2019s <a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/1148026\/cluster-sequencing-for-ccus-track-2-guidance.pdf\">announcement<\/a> on funding two carbon capture clusters in the country that are capable of collectively sequestering some 10 mn tons of CO2 annually by the end of the decade.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>The OPEC Fund for International Development<\/strong> has approved a loan of <strong>USD <\/strong><strong>100 mn<\/strong> to <strong>finance climate adaptation infrastructure<\/strong> in <strong>Paraguay<\/strong>. The country was <a href=\"https:\/\/www.theguardian.com\/global-development\/2021\/sep\/27\/paraguay-severe-drought-depletes-river\">hit with a severe drought<\/a> from 2019 to 2021, which experts say was exacerbated by climate change and deforestation. (<a href=\"https:\/\/wam.ae\/ar\/details\/1395303146992\">Wam<\/a>)<\/li>\n<li><strong>India\u2019s central bank<\/strong> is preparing a framework for <strong>accepting green deposits to <\/strong><strong>facilitate investment in renewables<\/strong>. The framework \u2014 which is expected to come into effect on 1 June \u2014 is part of the government\u2019s efforts to boost green finance and mitigate climate-related financial risks. (<a href=\"https:\/\/www.reuters.com\/world\/india\/india-cenbank-puts-place-framework-acceptance-green-deposits-2023-04-11\/\">Reuters<\/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\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/britain\/\">Britain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kazakhstan\/\">Kazakhstan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kazatomprom\/\">Kazatomprom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/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\/romania\/\">Romania<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uranium\/\">uranium<\/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=\"76975\" 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\/04\/12\/76975\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76975\" class=\"content-area-description single-story post-76975 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>15-16 April (Saturday-Sunday): <a href=\"https:\/\/sdg.iisd.org\/events\/g7-ministers-meeting-on-climate-energy-and-environment-2023\/\">G7 Ministers\u2019 Meeting on Climate, Energy, and Environment<\/a>, Sapporo, Japan.<\/p>\n<p>18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE.<\/p>\n<p>29-30 April (Saturday-Sunday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">First COP27 transitional committee workshop<\/a>, Bonn, Germany.<\/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): <a href=\"https:\/\/www.irenec.org\/eng\/\">International 100% Renewable Energy Conference<\/a>, Istanbul, Turkey.<\/p>\n<p>8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE.<\/p>\n<p>8-10 May (Monday-Wednesday): <a href=\"https:\/\/www.aimcongress.com\/?gclid=Cj0KCQjw8qmhBhClARIsANAtbof4-76eS8t3Yy_1lhLnSSmgzPe4hU6hQGDG1ps8Y3Tbu7i1rowxcy4aAjetEALw_wcB\">Annual Investment Meeting<\/a>, Abu Dhabi, 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>10-11 May (Wednesday-Thursday): <a href=\"https:\/\/moiat.gov.ae\/en\/uae-climate-tech\">UAE Climate Tech<\/a>, Abu Dhabi, UAE.<\/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>19-21 May (Friday-Sunday): <a href=\"https:\/\/sdg.iisd.org\/events\/g7-hiroshima-summit-2023\/\">G7 Hiroshima Summit<\/a>, Hiroshima, Japan.<\/p>\n<p>24-27 May (Wednesday-Saturday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Second meeting of the COP27 Transitional Committee<\/a>, TBD.<\/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>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.ccusforum.com\/\">CCUS Forum<\/a>, Doha, Qatar.<\/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 June (Thursday): <a href=\"https:\/\/energychamber.org\/aecs-invest-in-african-energy-paris-forum-to-take-place-on-june-1\/\">Invest in African Energy Forum<\/a>, Paris, France.<\/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>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/event.businessfrance.fr\/vision-golfe-en\/\">Vision Golfe 2023<\/a>, French Ministry of the Economy, Finance and Industrial and Digital Sovereignty, Paris, France.<\/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>22-23 July (Saturday-Sunday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Second COP27 transitional committee workshop<\/a>, Bangkok, Thailand.<\/p>\n<p><strong>AUGUST 2023<\/strong><\/p>\n<p>20-24 August (Sunday-Wednesday): <a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week 2023<\/a>, Stockholm, Sweden.<\/p>\n<p>29 August-1 September (Tuesday-Friday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Third meeting of the COP27 Transitional Committee<\/a>, TBD.<\/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, USA.<\/p>\n<p>11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.<\/p>\n<p>12-15 September (Tuesday-Friday): <a href=\"https:\/\/www.wto.org\/english\/forums_e\/public_forum_e\/public_forum_e.htm\">WTO Public Forum<\/a>, Geneva, Switzerland.<\/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>17-20 October (Tuesday-Friday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Fourth meeting of the COP27 Transitional Committee<\/a>, TBD.<\/p>\n<p>29 October- 2 November (Sunday-Thursday): <a href=\"https:\/\/bit.ly\/40YIn6F\">Cairo Water Week<\/a>, Cairo, Egypt<\/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>FEBRUARY 2024<\/strong><\/p>\n<p>22-26 February (Thursday-Monday): <a href=\"https:\/\/conferences.uaeu.ac.ae\/warms2024\/en\/index.shtml\">Management and Sustainability of Water Resources<\/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><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\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":76957,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-76956","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2f60c7d6-b3da-4273-8b13-a7e804601e47","teaser":"","photo_url":"https:\/\/ent.news\/2021\/11\/2595.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>Egypt\u2019s EPAP provides EUR 22 mn in financing to support industrial pollution control projects - 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\/egypts-epap-provides-eur-22-mn-in-financing-to-support-industrial-pollution-control-projects\/\" 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