{"id":77200,"date":"2023-05-03T01:10:30","date_gmt":"2023-05-03T01:10:30","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=77200"},"modified":"2025-12-15T08:52:24","modified_gmt":"2025-12-15T08:52:24","slug":"irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/","title":{"rendered":"Ireland\u2019s Amarenco acquires 100% of Jordanian renewables developer Spectrum"},"content":{"rendered":"<section id=\"77202\" 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=\"77202\">\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\/05\/03\/today-amarenco-group-fully-acquired-jordan-based-renewables-developer-spectrum\/\">\r\n                            TODAY: Amarenco Group fully acquired Jordan-based renewables developer Spectrum                        <\/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\/05\/03\/today-amarenco-group-fully-acquired-jordan-based-renewables-developer-spectrum\/\" 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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There aren\u2019t many regional updates, although the Petersburg Climate Dialogue is grabbing headlines.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>Irish independent power producer Amarenco Group fully acquired Jordan-based renewables developer Spectrum gaining 100% ownership of the company\u2019s solar energy projects in the kingdom.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on this story and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Over 40 state representatives landed<\/strong><strong> in Berlin yesterday for the two-day <\/strong><strong>Petersberg Climate Dialogue<\/strong>, and day one saw calls for the phase-out of fossil fuels from COP28 President-Designate Sultan Al Jaber, German Foreign Minister Annalena Baerbock, and UN Secretary-General Antonio Guterres, who urged the world to make a \u201cquantum leap\u201d in climate action.<\/p>\n<p><strong>Notable targets announced yesterday included Al Jaber\u2019s call to triple global renewables<\/strong><strong> generation capacity by 2030<\/strong>, before ultimately re-tripling the target again by the end of the following decade to tame global warming. Day one also brings welcome news for climate-vulnerable nations: Baerbock told 40 country representatives yesterday that rich nations will finally meet their long-delayed yearly USD 100 bn financing commitment to vulnerable nations after a three-year wait in 2023.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on this story and more in the news well, below.<\/strong><\/p>\n<p><strong>The story got widespread coverage in the press yesterday:<\/strong> <a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/05\/02\/germany-climate-fossil-fuels-petersberg-cop28\/063fb96c-e8b7-11ed-869e-986dd5713bc8_story.html\">The Washington Post<\/a> | <a href=\"https:\/\/www.dw.com\/en\/germanys-baerbock-urges-global-action-on-renewable-energy\/a-65490673\">Deutsche Welle<\/a> | <a href=\"https:\/\/www.ft.com\/content\/dba5ef5f-d90f-4bec-9448-064578d3c217\">Financial Times<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/europe\/germanys-baerbock-calls-global-target-renewable-energy-expansion-2023-05-02\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-02\/cop28-president-al-jaber-calls-to-end-fossil-fuel-emissions\">Bloomberg<\/a> | <a href=\"https:\/\/www.france24.com\/en\/live-news\/20230502-cop28-chair-urges-tripling-of-renewables-capacity-by-2030\">France24<\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #1- World Bank board ready to vote on Banga:<\/strong> The World Bank Group\u2019s executive board is set to vote for US Ajay Banga today after holding a four-hour interview with the candidate yesterday, <a href=\"https:\/\/www.reuters.com\/markets\/us-world-bank-nominee-banga-set-vote-wednesday-after-4-hour-interview-2023-05-02\/\">Reuters<\/a> reports, citing sources with knowledge of the matter. Banga has impressed shareholders as a \u201ctrue change maker\u201d who would push reforms at the bank, the sources said. The bank\u2019s current chief David Malpass has <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/718135b9-1d1d-4ab7-9107-02e2be931079\">informed<\/a> the board his last day will be on 1 June. The World Bank board 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> that it would consider no other nominees for its top post since Banga was the only candidate nominated.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>WATCH THIS SPACE #2-<\/strong> <strong>The global Islamic finance industry is projected to grow by <\/strong><strong>10% in 2023-2024 despite an economic slowdown<\/strong>, <a href=\"https:\/\/www.thenationalnews.com\/business\/markets\/2023\/05\/02\/global-islamic-finance-industry-to-grow-10-in-2023-2024-despite-economic-slowdown\/\">the National<\/a> reports, citing <a href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/230501-islamic-finance-2023-2024-growth-beyond-core-markets-remains-elusive-12712350\">S&P Global forecasts<\/a>. S&P Global expects the growth momentum seen in 2022 to continue on the back of favorable dynamics in a few core markets in the Gulf Cooperation Council (GCC) \u2014 including Saudi Arabia and Kuwait \u2014 according to the report by the credit ratings agency. Sukuk issuance volumes are expected to continue to drop this year, albeit at a slower pace than last year, and some countries with high financing needs like Egypt and Turkey will likely tap the sukuk market in a bid to mobilize all available resources, S&P Global says.<\/p>\n<p><strong>What about green sukuk? <\/strong>While sustainability-linked sukuk issuance remains limited, S&P Global projects higher volumes of green sukuk under efforts by issuers to meet investor demand and core Islamic finance countries\u2019 plans to slash carbon footprints and back energy transition globally. \u201cWe believe this indicates growth potential for green sukuk issuance and expect to see greater activity in this space as issuers tap global investor interest,\u201d it said.<\/p>\n<p><strong>REMEMBER-<\/strong> Interest in green bonds and green sukuk has been on the rise in the region in recent months ahead of COP28 in the UAE. Last month, the UAE\u2019s state-owned Abu Dhabi National Energy Company (Taqa) <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4fd9b318-73b8-4867-938b-4da3cf4677ae\">raised an aggregate USD 1.5 bn<\/a> in a dual-tranche green bond issuance which was almost 10x oversubscribed at a final order under the company\u2019s new Green Finance Framework.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3- Oliver Stone posits nuclear energy as the \u2018obvious\u2019 <\/strong><strong>solution to climate change:<\/strong> Academy Award-winning filmmaker Oliver Stone makes the case for nuclear energy as an essential power source in the transition to clean energy in his new documentary <a href=\"https:\/\/www.imdb.com\/title\/tt21376908\/\">Nuclear Now<\/a>, <a href=\"https:\/\/www.nytimes.com\/2023\/04\/27\/movies\/nuclear-now-review.html\">The New York Times<\/a> writes. The film \u2014 narrated by Stone himself \u2014 argues people should be more concerned with the impacts of climate change than the potential hazards associated with nuclear power. Critics, however, worry the film overlooks barriers hindering the growth of nuclear energy, including high costs and the slow construction of nuclear projects, <a href=\"https:\/\/www.cnbc.com\/2023\/05\/01\/oliver-stones-movie-says-nuclear-power-is-a-climate-change-solution.html\">CNBC<\/a> notes in its review of the documentary. The film premiered in the US earlier this week and there is no set date for release on streaming (<a href=\"https:\/\/www.youtube.com\/watch?v=4c5RPk8FlIk\">watch trailer, runtime 1:55<\/a>).<\/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 by 5am 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\/5\/1811.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking <\/strong><strong>place on Monday, 15 May.<\/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 us a magnet for foreign direct investment (FDI).<\/p>\n<p><strong>Why exports & FDI?<\/strong> In the wake of successive floats of EGP, exports and FDI have never been more important to our economy \u2014 or our 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. <strong>Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/strong> <a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#aboutSection\">You can learn more on our conference website here<\/a>.<\/p>\n<p><strong>And what better place to discuss moving our goods than Egypt\u2019s original logistics zone \u2014 the Nile. <\/strong>That\u2019s why we\u2019re looking forward to holding the event by the river\u2019s vistas <strong>at the Four Seasons, Nile Plaza. <\/strong><\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you?<\/strong> The Enterprise Exports and FDI Forum is taking place with the generous support of our friends, including:<\/p>\n<p><strong>Banking partners:<\/strong> Banque Misr | Al Baraka Bank | Emirates NBD | HSBC<\/p>\n<p><strong>Lead partners:<\/strong> DB Schenker | DP World | East Port Said Development | IDG | IFC | Madinat Masr<\/p>\n<p><strong>Event partners: <\/strong>Beyti | Concrete | Global Corp | Grant Thornton | Hassan Allam Utilities | Royal Ceramica<\/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<p><strong>HAVEN\u2019T REQUESTED AN INVITE YET?<\/strong> If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">fill out the form here<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/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> this Thursday, 4 <\/strong><strong>May to Saturday, 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:\/\/teflasg2f2.com\/g2f2.html\">Global Green Future Fuel<\/a><\/strong><strong> conference from next Monday, 8 May <\/strong><strong>to Wednesday, 10 May<\/strong> in Dubai. The green energy-focused business event brings together policymakers, renewable energy generators, project developers, and chemical and mobility industry representatives to define a new energy future shaped by hydrogen.<\/p>\n<p><strong>Egypt is hosting <\/strong><strong><a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/index.stm\">The Solar Show MENA<\/a><\/strong><strong> next Tuesday, 9 May and Wednesday, 10 May<\/strong> in Cairo. The conference brings together policymakers, financiers, and others to develop and futureproof the region\u2019s energy sector as one of the emerging players in developing clean energy solutions and energy infrastructure.<\/p>\n<p><strong>The UAE is hosting <\/strong><strong><a href=\"https:\/\/www.theairportshow.com\/\">The Airport Show<\/a><\/strong><strong> on Tuesday, 9 May to Thursday, 11 May<\/strong> in Dubai. The forum\u2019s 22nd edition will bring together over 200 aviation companies and more than 100 buyers from 23 countries. It will shed light on leading innovations in airport sustainability, digitalization, and urban air mobility to facilitate the industry\u2019s path towards sustainable and collaborative airport infrastructure development and operational transformations.<\/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 Wednesday, 10 May and Thursday, 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 next 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 and news triggers.<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-bank\/\">World Bank<\/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=\"77204\" 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=\"77205\" 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=\"77205\">\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 DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/petersberg-climate-dialogue-kicks-off-in-berlin-laying-the-groundwork-for-cop28-discussions\/\">\r\n                            Petersberg Climate Dialogue kicks off in Berlin laying the groundwork for COP28 discussions                        <\/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\/05\/03\/petersberg-climate-dialogue-kicks-off-in-berlin-laying-the-groundwork-for-cop28-discussions\/\" 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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With a stress on the word emissions, Al Jaber said efforts must be made in tandem to scaling up viable, affordable renewable alternatives. The two-day dialogue \u2014 taking place behind closed doors between representatives of over 40 countries \u2014 is set to lay the groundwork for what discussions will be taking place at COP28 later this year when the UAE hosts the summit.<\/p>\n<p><strong>Setting a target on renewables could be a key debate: <\/strong>COP28 \u201cshould and can reach a target on renewables at the next climate conference,\u201d German Foreign Minister Annalena Baerbock said (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">watch, at minute<\/a><a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">12:43<\/a>). While Baerbek affirmed that \u201cour objective for COP28 has to be to usher in the end of the age of fossil energy,\u201d there were no further details on what this would mean in terms of the level of investments being poured into fossil fuels (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">watch, at minute 15:22<\/a>). Meanwhile, Al Jaber called on participants to triple their renewable energy production capacity by 2030, before re-tripling that number by 2040 in a bid to curb global warming levels (<a href=\"https:\/\/twitter.com\/COP28_UAE\/status\/1653391899560927239\">watch, at minute 00:53<\/a>).<\/p>\n<p><strong>And hydrogen value chains are in the spotlight: <\/strong>Al Jaber also highlighted the importance of adopting government regulations aimed at supporting decarbonization. \u201cWe will encourage smart government regulations to jump-start the hydrogen value chain, and make carbon capture commercially viable,\u201d Al Jaber said (<a href=\"https:\/\/twitter.com\/COP28_UAE\/status\/1653391899560927239\">watch, at minute 51:5<\/a><a href=\"https:\/\/twitter.com\/COP28_UAE\/status\/1653391899560927239\">6<\/a>).<\/p>\n<p><strong>REMEMBER- <\/strong>The language around phasing out fossil fuels has been the sticking point of contention in most climate negotiations so far, including the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e1f0e62c-05c7-4316-ba17-1f7edabe4385\">recent G7 meeting<\/a> where the seven most developed nations could not agree on the wording for a commitment to phasing out coal.<\/p>\n<p><strong>Developed countries to \u201cfinally\u201d adhere to climate financing commitment: <\/strong>Germany\u2019s recent efforts to get donor countries to adhere to the USD 100 bn climate funding commitment to developing countries are ongoing \u2014 including upcoming talks with Canada on Sunday, Baerbok said, adding that \u201cwe are on a good track to finally make good on the USD 100 bn this year\u201d (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">watch, at minute 17:30<\/a>).<\/p>\n<p><strong>But some argue it\u2019s too little:<\/strong> Although the 100 bn is \u201ca genuine attempt to finally meet reality,\u201d Barbados Prime Minister Mia Mottley said, developed countries should not \u201chold on to a notional USD 100 bn that was promised 14 years ago as if that could solve the problem today,\u201d considering that the financing needed today is just over USD 2 tn a year (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">watch, at minute 1:13:10<\/a>).<\/p>\n<p><strong>And Al Jaber and Egypt agree: <\/strong>The \u201creal value\u201d of the USD 100 bn commitment has \u201ceroded over time\u201d given that the pledge was first made at COP15 in 2009, Al Jaber said (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">watch, at minute 49:00<\/a>) while Egypt\u2019s Ambassador to Germany Khaled Galal Abdelhamid \u2014 speaking on behalf of Egyptian Foreign Minister and COP27 President Sameh Shoukry \u2014 said the climate finance situation is \u201cdismal\u201d (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">watch, at minute 34:50<\/a>).<\/p>\n<p><strong>Mottley called for slashing excess risk imposed on developing countries:<\/strong> \u201cA joint partnership between the IMF and the World Bank that will guarantee long run exchange rates without the excess risk premium that financial markets charge,\u201d Mottley said, particularly for companies in the Global South. This will allow the facilitation of private savings into financing the green transformation, she added (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1lPKqBdyvrMGb\">watch, at minute 1:14:00<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"77207\" 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=\"77207\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/\">\r\n                            Ireland\u2019s Amarenco acquires 100% of Jordanian renewables developer Spectrum                        <\/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\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/\" 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\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/')\">\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\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/\">\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=Ireland\u2019s Amarenco acquires 100% of Jordanian renewables developer Spectrum&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/\">\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\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/&title=Ireland\u2019s Amarenco acquires 100% of Jordanian renewables developer Spectrum\">\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=Ireland%E2%80%99s+Amarenco+acquires+100%25+of+Jordanian+renewables+developer+Spectrum+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F03%2Firelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum%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\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1821.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77208\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/1821-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1821.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1821.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1821.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1821.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77207\" class=\"content-area-description single-story post-77207 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-amarenco-group tag-egypt tag-enterpriseclimate tag-jordan tag-ma-watch 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>Amarenco acquires Jordan\u2019s Spectrum: <\/strong>Irish independent power producer Amarenco Group fully acquired Jordan-based renewables developer Spectrum gaining 100% ownership of the company\u2019s solar energy projects in the kingdom, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/amarenco-group-acquires-100-of-spectrum-international-albpx5mk\">statement<\/a>. The investment tickets and timeline for the upcoming projects were not disclosed in the statement.<\/p>\n<p><strong>The details:<\/strong> The Cork-based renewables company will rebrand the Jordanian company to \u2018Amarenco Jordan\u2019 as part of its plans to position the firm as its main Amarenco hub in the country, targeting the deployment of 200 MW worth of clean energy projects through the newly acquired subsidiary, the statement tells us.<\/p>\n<p><strong>Not the first<\/strong> <strong>Amarenco acquisition in MENA: <\/strong>Amarenco Group \u2014 which allocates over EUR 1 bn to solar energy developments yearly according to the statement \u2014 snatched up a 74% stake in Egypt-based renewables company SolarizEgypt\u2019s portfolio <a href=\"https:\/\/enterprise.press\/stories\/2022\/02\/23\/this-evening-frances-amarenco-group-to-acquire-74-of-solarizegypts-portfolio-fb-logistics-platform-oneorder-raises-usd-1-mn-65700\/\">in 2022<\/a> with the aim of co-developing 300 MW of solar power through to 2026.<\/p>\n<p><strong>Big expansion plans in Egypt and beyond:<\/strong> SolarizEgypt is looking to invest USD 100 mn in Egypt over the next three years, as the company looks to increase business volume and build up FX stocks, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5e37005f-adf5-40d3-8c64-906ddbf09799\">we reported<\/a> in January. The Egyptian company, which installs and operates solar power plants around the country, could also expand its presence in Africa. The company is interested in entering Kenya, Tanzania, and South Africa.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/amarenco-group\/\">Amarenco Group<\/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\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"77209\" 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                            \"\r\n            id=\"77209\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/77209\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77209\" class=\"content-area-description single-story post-77209 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1814.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77210\" 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=\"77210\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/\">\r\n                            Schneider Electric posts solid results for 1Q, updates growth target for FY 2023                        <\/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\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/\" 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\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/')\">\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\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/\">\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=Schneider Electric posts solid results for 1Q, updates growth target for FY 2023&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/\">\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\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/&title=Schneider Electric posts solid results for 1Q, updates growth target for FY 2023\">\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=Schneider+Electric+posts+solid+results+for+1Q%2C+updates+growth+target+for+FY+2023+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F03%2Fschneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023%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\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/183.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77211\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/schneider-electric-posts-solid-results-for-1q-updates-growth-target-for-fy-2023\/183-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/183.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"183.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/183.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/183.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77210\" class=\"content-area-description single-story post-77210 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate tag-schneider-electric 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>Schneider Electric posted group <\/strong><strong>revenues of EUR 8.5 bn during 1Q 2023 \u2014 a record high for the first quarter of a year<\/strong>, according to its <a href=\"https:\/\/www.se.com\/ww\/en\/assets\/564\/document\/401333\/release-q1-revenues-2023.pdf\">earnings release (pdf)<\/a>. Its revenues were up 15.8% y-o-y organic and 12.3% on a reported basis, with all four regions where it operates contributing to the robust results, it said.<\/p>\n<p><strong>The breakdown: <\/strong>Its products segment \u2014 which represents 56% of 1Q revenues \u2014 rose 11% organic in the quarter. Energy management revenues were up 14.3% y-o-y to c. EUR 6.5 bn, with an organic growth of 18%. Its industrial automation services grew by 6.1% y-o-y in 1Q to EUR 2 bn with an organic growth of 10%, with both affected by the slow start to the year in China. \u201cSupply chain shortages, while remaining a factor, showed some progressive improvement as expected, allowing good execution against the backlog,\u201d it said.<\/p>\n<p><strong>Sustainability progress:<\/strong> Schneider Electric\u2019s 1Q results for its Schneider Sustainability Impact (SSI) program cited good progress in helping clients slash their carbon footprint through low carbon emissions solutions. It also made progress in the Zero Carbon Project, which falls under efforts to reach net-zero emissions across its value chain by 2040. The company\u2019s consolidated SSI for 1Q was 5.25 out of 10 as its eyes a full-year target of 6, it added.<\/p>\n<p><strong>Looking ahead: <\/strong>The French electrical equipment group upgraded its 2023 target on the back of the strong results, adjusting its EBITA growth to between 16-21% organic from a previous 12-16% organic, its earnings release showed. Revenue growth was adjusted to 10%-13% organic from a previous growth of 9% and 11% organic. \u201cThe global supply chain environment continues to ease, supporting the execution of our order backlog, while demand remains at high levels with a record backlog at the end of 1Q, despite deceleration in consumer-linked segments,\u201d it said on the adjusted growth for the year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/schneider-electric\/\">Schneider Electric<\/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=\"77212\" 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=\"77212\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/\">\r\n                            The Dutch are all in farm buyouts to slash nitrogen emissions                        <\/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\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/\" 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\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/')\">\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\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/\">\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=The Dutch are all in farm buyouts to slash nitrogen emissions&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/\">\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\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/&title=The Dutch are all in farm buyouts to slash nitrogen emissions\">\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=The+Dutch+are+all+in+farm+buyouts+to+slash+nitrogen+emissions+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F03%2Fthe-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions%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\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/658.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77213\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/the-dutch-are-all-in-farm-buyouts-to-slash-nitrogen-emissions\/658-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/658.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"658.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/658.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/658.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77212\" class=\"content-area-description single-story post-77212 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-european-commission tag-netherlands tag-nitrogen-emissions wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EU okays Dutch plan to buy out emission-spewing farms:<\/strong> The European Commission has approved two plans by the Netherlands to buy out livestock farmers in a bid to slash nitrogen emissions, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-02\/eu-approves-dutch-plan-to-buy-out-farmers-to-cut-emissions\">Bloomberg<\/a>reports. The Dutch government is allocating EUR 1.47 bn to buy out farmers who voluntarily shut down their farms in accordance with the country\u2019s efforts to slash nitrogen emissions by 2030 in a bid to calm farmers who have been protesting.<\/p>\n<p><strong>An agricultural powerhouse no more?<\/strong> The Netherlands is one of the world\u2019s largest exporters of agricultural products with estimated exports of EUR 122.3 bn, according to the business information service. However, mns of livestock in the country\u2019s farms generate alarming levels of nitrogen emissions from their waste, contributing around 41% of the country\u2019s nitrogen emissions, <a href=\"https:\/\/www.ft.com\/content\/90e38fb5-e942-4afd-994d-048dc40579a2\">the Financial Times<\/a> reported last year, citing Dutch public health agency studies.<\/p>\n<p><strong>Not the first to upset the cows: <\/strong>France\u2019s Danone said <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1e011944-11f0-4c44-a003-758b6c6f5194\">earlier this year<\/a> that it is taking steps to lower its methane emissions, with possible solutions including a face mask that could trap gas produced by burping cows \u2014 the latest in a series of unintentionally comical measures put forward to reduce methane emissions from livestock. It has also considered altering cow diets to include algae that can prevent methane from forming in the stomach.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/european-commission\/\">European Commission<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/netherlands\/\">Netherlands<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nitrogen-emissions\/\">nitrogen emissions<\/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=\"77214\" 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=\"77214\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/\">\r\n                            Egypt discusses carbon market opportunities for agriculture sector with German Chamber of Commerce                        <\/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\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/\" 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\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/')\">\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\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/\">\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 discusses carbon market opportunities for agriculture sector with German Chamber of Commerce&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/\">\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\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/&title=Egypt discusses carbon market opportunities for agriculture sector with German Chamber of Commerce\">\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+discusses+carbon+market+opportunities+for+agriculture+sector+with+German+Chamber+of+Commerce+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F03%2Fegypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce%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\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1822.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77215\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/egypt-discusses-carbon-market-opportunities-for-agriculture-sector-with-german-chamber-of-commerce\/1822-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1822.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1822.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1822.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1822.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77214\" class=\"content-area-description single-story post-77214 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-agriculture tag-also-on-our-radar tag-carbon-footprint tag-climate tag-egypt tag-enterpriseclimate tag-germany 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-04\"><\/a> <strong>Germany and Egypt discuss cooperation in carbon market for agriculture sector: <\/strong>Egyptian Agriculture Minister El Sayed El Quseir met with a delegation from the German Chamber of Commerce, headed by its Executive Director Jan Noter, to discuss cooperation in carbon certificate mechanisms <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/718135b9-1d1d-4ab7-9107-02e2be931079\">currently in the works<\/a>, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02egDe13zorSQjRqE24yB4i3so5pChxCcZQZnVbUKDPeTAY1V3c9ZDEsdrVEZAnYLSl\">statement<\/a>. El Quseir stressed the importance of calculating the carbon footprint of agricultural products and how it can be translated into tradable carbon credits to serve as an additional source of income for farmers and other stakeholders in the sector.<\/p>\n<p><strong>ALSO WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UAE\u2019s Empower<\/strong> finished work on <strong>connecting its Dubai Maritime district <\/strong><strong>cooling plant<\/strong> to Dubai\u2019s iconic <strong>Anwa tower<\/strong> at a capacity of some <strong>1.3k refrigeration tons<\/strong>. (<a href=\"https:\/\/www.dfm.ae\/en\/the-exchange\/news-disclosures\/disclosures\/31c34829-3437-43bd-91e8-17943c2b29e3\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/carbon-footprint\/\">carbon footprint<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/germany\/\">Germany<\/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=\"77216\" 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=\"77216\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/\">\r\n                            ADB boosts climate funding with USD 15 bn loan facility                        <\/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\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/\" 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\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/')\">\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\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/\">\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=ADB boosts climate funding with USD 15 bn loan facility&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/\">\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\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/&title=ADB boosts climate funding with USD 15 bn loan facility\">\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=ADB+boosts+climate+funding+with+USD+15+bn+loan+facility+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F03%2Fadb-boosts-climate-funding-with-usd-15-bn-loan-facility%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\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1823.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77217\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/1823-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1823.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1823.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1823.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1823.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77216\" class=\"content-area-description single-story post-77216 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-asia tag-asian-development-bank tag-china tag-climate-change tag-enterpriseclimate 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-06\"><\/a> <strong>ADB steps up focus on climate funding: <\/strong>The Asian Development Bank (ADB) is setting up a funding guarantee facility that could unlock USD 15 bn to combat climate change, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-02\/adb-s-new-climate-program-to-offer-up-to-15-billion-in-loans-lh5s0zuy?srnd=green&leadSource=uverify%20wall\">Bloomberg<\/a> reports, citing statements by ADB President Masatsugu Asakawa. The bank\u2019s facility, dubbed the Innovative Finance Facility for Climate Change in Asia and the Pacific (IF-CAP), could unlock bns in new loans through a USD 3 bn target in guarantees. \u201cThe region needs tns in investment to combat climate change,\u201d Asakawa said. \u201cTo help reach that level, we need to maximize our capital in new ways \u2014 the IF-CAP will multiply ADB\u2019s lending capacity through leverage,\u201d he added.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Economies in the <strong>Association of Southeast Asian Nations<\/strong> will need some <strong>USD 3.7 tn<\/strong> between now and 2030 to alleviate the impact of <strong>climate change, reduce poverty, and boost economic growth<\/strong>. (<a href=\"https:\/\/www.adb.org\/sites\/default\/files\/publication\/879411\/financing-sustainable-resilient-infrastructure-asean3.pdf\">Statement<\/a>)<\/li>\n<li>China\u2019s <strong>Trina Solar <\/strong>reported an<strong> 83.4% y-o-y revenue growth for 2022<\/strong>, raking in some <strong>USD 12.6 bn for the year<\/strong> on the back of <strong>increase in product and solution lines, infrastructure, and applications. <\/strong>(<a href=\"https:\/\/www.trinasolar.com\/eu-en\/resources\/newsroom\/eu-trina-solar-reports-increase-83-cent-year-year-revenues\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/asia\/\">Asia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/asian-development-bank\/\">Asian Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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-change\/\">climate change<\/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=\"77218\" 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=\"77218\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/klm-is-working-on-getting-hydrogen-powered-planes-in-the-skies\/\">\r\n                            KLM is working on getting hydrogen-powered planes in the skies                        <\/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\/05\/03\/klm-is-working-on-getting-hydrogen-powered-planes-in-the-skies\/\" 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\" 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skies&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/klm-is-working-on-getting-hydrogen-powered-planes-in-the-skies\/\">\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\/05\/03\/klm-is-working-on-getting-hydrogen-powered-planes-in-the-skies\/&title=KLM is working on getting hydrogen-powered planes in the skies\">\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 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wp-post-image\" alt=\"\" data-attachment-id=\"77219\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/klm-is-working-on-getting-hydrogen-powered-planes-in-the-skies\/1824-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1824.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1824.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1824.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1824.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77218\" class=\"content-area-description single-story post-77218 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-aviation tag-enterpriseclimate tag-hydrogen tag-klm tag-netherlands tag-on-your-way-out 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-07\"><\/a><strong> A step forward in getting hydrogen planes off the ground? <\/strong>KLM Royal Dutch Airlines is joining forces with students from Delft University of Technology in the Netherlands to develop net-zero, hydrogen-powered aircraft as part of the University\u2019s <a href=\"https:\/\/aerodelft.nl\/project-phoenix\/\">Aerodelft<\/a> program, according to a <a href=\"https:\/\/news.klm.com\/klm-starts-collaboration-with-aerodelft-student-team-building-a-hydrogen-plane\/\">statement<\/a>. 50 tech students are working around the clock on developing a range of clean energy passenger planes in a bid to slash the aviation industry\u2019s carbon footprint.<\/p>\n<p><strong>Scope of the partnership: <\/strong>KLM will join forces with the students to bring online Aerodelft\u2019s Project Phoenix, which aims to develop a hydrogen-powered drone prototype in a bid to demonstrate the feasibility of hydrogen-electric aircraft before rolling out larger models, to be named Phoenix Full Scale, the statement says.<\/p>\n<p><strong>The drone\u2019s specs:<\/strong> The mini aircraft features an all-electric motor fueled by liquid hydrogen and fuel cell technology with a 300 km range powered by a 380 gram capacity liquid hydrogen tank and 1.5 KW fuel cell power, Aerodelft notes on its <a href=\"https:\/\/aerodelft.nl\/project-phoenix\/\">website<\/a>. The flight range exceeds three hours.<\/p>\n<p><strong>Beyond the prototype: <\/strong>The Phoenix Full Scale \u2014 for which the company has built the frame and is testing its hydrogen system \u2014 is set to take to the skies in 2025 if test flights for the prototype prove the potential of liquid hydrogen planes. The two-seater aircraft has a 10 meter wingspan, an endurance duration above two hours that translates to a flight range exceeding 400 kilometers, a 125 KW in fuel cell power, and a liquid hydrogen capacity of 10 kilograms, Aerodelft\u2019s website says.<\/p>\n<p><strong>This is not the first we\u2019ve heard about hydro-powered planes:<\/strong> Airbus is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/45668a7e-c0b9-42c8-acae-2e3ab49c96fc\">working on<\/a> a hydrogen-powered engine to power up a modified A380 superjumbo. The French aviation company had previously worked on designs for liquid hydrogen fuel and combustion engines, but found that fuel cells alone may be able to power small commercial aircraft. Test flights are estimated for 2026 as part of the Airbus ZEROe initiative to launch a zero-emission aircraft by 2035.<\/p>\n<p><strong>Rolls Royce is also on a net zero flight hunt: <\/strong>The luxury car maker is currently testing the use of <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59b72d53-b94c-40c6-bf2b-acbed1219525\">hydrogen to power jets<\/a>, but it looks like they still have a long way to go \u2014 the low-carbon fuel requires four times as much space as the traditional aviation fuel used to fly the same distance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/klm\/\">KLM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/netherlands\/\">Netherlands<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"77220\" 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\/05\/03\/77220\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77220\" class=\"content-area-description single-story post-77220 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>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>3-4 May (Wednesday-Thursday): <a href=\"https:\/\/www.cerege.fr\/en\/agenda\/13th-edition-of-the-round-tables-of-larbois-and-the-mediterranean\/#:~:text=The%2013th%20edition%20of%20the,Free%20event.\">13th Arbois and Mediterranean Round Tables<\/a>, Marseille, France.<\/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): <a href=\"https:\/\/teflasg2f2.com\/\">Global Green Future Fuel<\/a>, 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>9-11 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>9-11 May (Tuesday-Thursday): <a href=\"https:\/\/www.theairportshow.com\/\">The Airport Show<\/a>, Dubai, UAE.<\/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>22-24 May (Monday-Wednesday): <a href=\"https:\/\/ieeepesoman.com\/\">IEEE Power and Energy Forum<\/a>, Muscat, Oman.<\/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>5-8 June (Monday-Thursday): <a href=\"https:\/\/www.districtenergy.org\/events\/exhibit--2023\">IDEA2023<\/a>, Chicago, US<\/p>\n<p>8 June (Thursday): <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>TBA: <a href=\"https:\/\/www.youm7.com\/story\/2023\/4\/30\/%D8%A3%D9%88%D9%84-%D9%85%D9%86%D8%AA%D8%AF%D9%89-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D9%89-%D9%88%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%AE%D9%8A-%D8%A8%D8%B9%D8%AF-%D9%82%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%AE-%D9%81%D9%89-%D9%85%D8%B5%D8%B1\/6163453#:~:text=%D9%8A%D8%A3%D8%AA%D9%89%20%D8%A5%D8%B7%D9%84%D8%A7%D9%82%20%D9%85%D9%86%D8%AA%D8%AF%D9%89%20%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%20%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D9%89,%D8%A7%D9%84%D9%81%D8%B1%D8%B5%20%D9%88%D9%82%D8%B5%D8%B5%20%D8%A7%D9%84%D9%86%D8%AC%D8%A7%D8%AD%20%D9%84%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA%20%D8%A7%D9%84%D8%A8%D9%8A%D8%A6%D9%8A%D8%A9\">Egypt\u2019s post-COP27 Environmental and Climate Investment Forum<\/a>, Egypt.<\/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): <a href=\"https:\/\/10times.com\/e1r3-x4p2-z8sd\">Global Congress on Renewable and Non-Renewable Energy<\/a>, 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>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 Congress<\/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>15-17 November (Wednesday-Friday): <a href=\"https:\/\/www.wetex.ae\/\">WETEX and Dubai Solar Show,<\/a> Dubai, UAE.<\/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>26-28 February (Monday-Wednesday): <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>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>Mid-2023: Oman <a href=\"https:\/\/www.meed.com\/oman-to-sign-multibillion-dollar-hydrogen-contracts\">set to sign contracts<\/a> for green hydrogen projects.<\/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><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><strong>2025 <\/strong><\/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\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":77201,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77200","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d8874367-f648-482b-9068-229e6f1d914d","teaser":"","photo_url":"https:\/\/ent.news\/2021\/1\/352.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>Ireland\u2019s Amarenco acquires 100% of Jordanian renewables developer Spectrum - 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\/irelands-amarenco-acquires-100-of-jordanian-renewables-developer-spectrum\/\" \/>\n<meta property=\"og:locale\" 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