{"id":77295,"date":"2023-05-09T04:53:44","date_gmt":"2023-05-09T04:53:44","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=77295"},"modified":"2025-12-15T08:54:11","modified_gmt":"2025-12-15T08:54:11","slug":"bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/","title":{"rendered":"Bahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms"},"content":{"rendered":"<section id=\"77297\" 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=\"77297\">\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\/09\/today-bahrains-green-corp-acquires-a-stake-in-uaes-badia-farms\/\">\r\n                            TODAY: Bahrain\u2019s Green Corp acquires a stake in UAE\u2019s Badia Farms                        <\/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\/09\/today-bahrains-green-corp-acquires-a-stake-in-uaes-badia-farms\/\" 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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Are you?<\/strong> Hassan Massoud is going to be speaking at the forum about the steps to take to pull in foreign partners. He is joined on stage for that discussion by <strong>Hossam Abou Moussa<\/strong>, partner at Apis on how to figure out what any potential partner is looking for \u2014 and how that aligns with local firms.<\/p>\n<p><strong>They\u2019re not the only ones:<\/strong> Among the CEOs, top execs, bankers, and development finance folks speaking at the conference are: <strong>Tarek Kamel<\/strong>, CEO of Nestle Egypt;<strong> Mohamed Talaat Khalifa,<\/strong> CEO of Concrete;<strong> Omar Elsahy<\/strong>, general manager of Amazon Egypt; <strong>Khaled Morsy<\/strong>, CEO of DB Schenker Egypt; <strong>Shady William<\/strong>, managing director of IDG; <strong>Tarek Hosny<\/strong>, head of investments and projects at Fertiglobe; <strong>Mark Wylie<\/strong>, CEO of Beyti; <strong>Kareem Abou Ghali<\/strong>, chairman and CEO of Pasta Regina; <strong>Hossam Sallab<\/strong>, CEO and vice-chairman of Sallab Group and Royal Ceramica; <strong>Nada El Ahwal<\/strong>, CSO of Transmar; <strong>Helmy Ghazi,<\/strong> deputy CEO of HSBC Egypt; <strong>Nadia El-Tawil<\/strong>, investment officer at AfricInvest; <strong>Mostafa Bedair<\/strong>, CEO of Giza Seeds and Herbs; <strong>Abdallah Sallam<\/strong>, CEO of Madinet Masr; <strong>Yassir Zouaoui<\/strong>, partner at McKinsey; and <strong>Mohamed ElGebely<\/strong>, team leader at USAID Trade.<\/p>\n<p><strong>Topics and live interviews will include:<\/strong><\/p>\n<ul>\n<li>Why exports and FDI are the way forward and what lessons have worked from around the world;<\/li>\n<li>What lessons can we draw from white goods, fertilizers, and garments exporters who have increased our exports;<\/li>\n<li>What are the fundamentals to creating an export and \/ or FDI strategy;<\/li>\n<li>What it takes to secure a place in a multinational\u2019s supply chain.<\/li>\n<li>How industrial clusters could expedite exports, FDI and possibly be an avenue for SME development;<\/li>\n<li>What are the industries of tomorrow around which we can export and bring in FDI.<\/li>\n<\/ul>\n<p>For the full agenda please click <a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#agenda\">here<\/a>.<\/p>\n<p><strong>** Have you confirmed your attendance? <\/strong>Invitations have been sent out over the past few weeks. If you have yet to confirm your attendance and would still like to join us, please reply to the invitation with an RSVP.<\/p>\n<hr class=\"grey-line\">\n<p><strong>OUR TOP CLIMATE STORY- <\/strong>Bahrain-based agribusiness platform Green Corp has acquired an undisclosed stake in the UAE\u2019s first urban vertical farming company Badia Farms and The Abu Dhabi Fund for Development will provide Mauritania with USD 30 mn in financing to support a national potable water project.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on these stories and more in the news well, below.<\/strong><\/p>\n<p><strong>HAPPENING TODAY- <\/strong><strong><a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/index.stm\">The Solar Show MENA<\/a><\/strong><strong> is kicking off today in Cairo and continuing <\/strong><strong>tomorrow<\/strong><strong>.<\/strong> 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>Over in Dubai, <\/strong><strong><a href=\"https:\/\/www.theairportshow.com\/\">The Airport Show<\/a><\/strong><strong> begins today and runs through to Thursday.<\/strong> The forum 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<hr class=\"grey-line\">\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Climate-driven weather change in<\/strong><strong> Canada has been picking up headlines in the international press<\/strong>, as the province of Alberta \u2014 home to the world's third-largest oil reserves \u2014 has been hit by an unprecedented amount of wildfires. Alberta declared a state of emergency earlier this week on Saturday, shutting production of at least 185k barrels of oil equivalent per day \u2014 about 2% of Canada\u2019s total output \u2014 and displaced nearly 30k residents. As of yesterday evening, over 100 wildfires are still active and over 30 of them are classified as out of control.<\/p>\n<p><strong>The story grabbed headlines in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/business\/environment\/cooler-weather-brings-some-relief-wildfire-hit-canadian-oil-province-alberta-2023-05-08\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/canada-wildfires-alberta-british-columbia-de8f14beff8c90cd2d43cab032a64535\">Associated Press<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-08\/wildfires-in-canada-force-evacuations-cut-oil-and-gas-output\">Bloomberg<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/05\/07\/canada-wildfires-alberta-british-columbia\/7dc275b4-ed27-11ed-b67d-a219ec5dfd30_story.html\">Washington Post<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-us-canada-65515446\">BBC<\/a><\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a><strong> WATCH THIS SPACE #1-<\/strong> <strong>Climate is a main pillar of the World Bank\u2019s new Country <\/strong><strong>Partnership Framework with Egypt:<\/strong> The World Bank\u2019s 2023-2027 <a href=\"https:\/\/ent.news\/2023\/5\/1950.pdf\">Country Partnership Framework<\/a> for Egypt will aim to shore up the country\u2019s resilience to climate shocks through the rollout of adaptation and mitigation policies and combining development and climate goals in the industrial and agricultural sectors, according to a <a href=\"https:\/\/www.sis.gov.eg\/Story\/255868?lang=ar\">statement<\/a> released this week. Egypt\u2019s government has identified a financing gap of some USD 154 bn in investment towards carbon emission reduction projects and USD 95 bn in climate adaptation projects until 2050, Chairman of the Egyptian Stock Exchange Ramy El Dokani <a href=\"https:\/\/www.egx.com.eg\/ar\/NewsDetails.aspx?NewsID=237581\">said<\/a>.<\/p>\n<p><strong>BACKGROUND-<\/strong> Prime Minister Moustafa Madbouly and Regional Vice President of the World Bank Group for Middle East and North Africa Region Farid Belhaj kicked off the conference for the launch of the World Bank-Egypt framework, which will see the Bank lend Egypt <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d2993aac-8f15-4ae3-9407-02c899e1b390\">USD 7 bn<\/a> over the next five years to support climate action and private sector expansion, among other objectives.<\/p>\n<p><strong>Egypt is updating 2030 sustainable development goals soon:<\/strong> Egypt\u2019s Planning Minister Hala El Said told World Bank representatives that Egypt\u2019s government is updating its 2030 Vision to include emerging challenges such as population growth, climate change, and water scarcity, while also taking into account regional geopolitical changes, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02P6cobJ5T5UbWaG6PuRBA2PDpuL25sw4uH3gp1qspUbyQv38Spf6MEVENDemptkQRl\">statement<\/a>.<\/p>\n<p><strong>ALSO- Green bonds with the help of IFC? <\/strong>The International Finance Corporation (IFC) is considering participating in a green bond issuance in Egypt, <a href=\"https:\/\/www.masrawy.com\/news\/news-banking\/details\/2023\/5\/7\/2409865\/-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%83%D8%A9-%D9%81%D9%8A-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%AE%D8%B6%D8%B1%D8%A7%D8%A1-%D8%A8%D9%85%D8%B5%D8%B1-%D9%88%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%AF%D8%B1%D8%B3%D8%A9\">Masrawy<\/a> quotes IFC\u2019s Regional Director for North Africa Cheick-Oumar Sylla as saying at the launch event. The IFC has invested in the Commercial International Bank\u2019s landmark issuance of Egypt's <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea5e3510-53bf-4f7b-b5ed-f3ae5b19eb31\">first private sector green bond in 2021<\/a>, Sylla said, without providing further details about the bond issuances it is considering.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- A global renewables goal could be COP28\u2019s hot topic: <\/strong>The EU could push for a global target for renewables during COP28 in November amid an expected pushback against phasing out of fossil fuels, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-08\/eu-rethinks-push-to-phase-out-fossil-fuels-at-cop28-climate-talks?srnd=premium-middle-east&leadSource=uverify%20wall\">Bloomberg<\/a> reports. European officials are expecting resistance to language calling for emissions cuts, as was the case at COP27, when the EU and allies failed to secure commitments to phase out fossil fuels.<\/p>\n<p><strong>WATCH THIS SPACE #3- Germany can meet only 30% of its own green hydrogen <\/strong><strong>quota and will need to source the remaining 70% from elsewhere<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/germany-will-have-import-70-green-hydrogen-econ-minister-2023-05-08\/#:~:text=Germany%20will%20have%20to%20import%2070%25%20of%20green%20hydrogen%20%2D%20econ%20minister,-Reuters&text=Berlin%2C%20May%208%20(Reuters),said%20on%20Monday%20in%20Berlin.\">Reuters<\/a> quotes German Economy Minister Robert Habeck as saying. Habeck, who also serves as deputy foreign minister, said it is important to find as many partners as possible to avoid too much dependency on individual nations. Green hydrogen is a vital part of Germany\u2019s plan to move away from fossil fuels.<\/p>\n<p><strong>Germany has already signed a series of MoUs in the MENA region: <\/strong>UAE renewables developer Masdar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/99df014e-1726-4272-a3ff-1f26afb4c7ab\">inked an MoU<\/a> with Austrian utilities company Verbund to co-develop green hydrogen for southern Germany. The company also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/99df014e-1726-4272-a3ff-1f26afb4c7ab\">signed an agreement<\/a> with Germany\u2019s Uniper last December to develop a green hydrogen plant in the UAE powered by 1.3 GW of solar energy. Germany has also provided Morocco with <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b45de912-e322-4b2a-bf2b-88d4e1060db4\">EUR 38 mn<\/a> to develop its first green hydrogen plant.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #4- Soaring temperatures in southern Asia this year are <\/strong><strong>sounding alarm bells that 2023 could be the world\u2019s hottest year on record<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-08\/brutal-heat-continues-to-grip-asia-in-warning-for-rest-of-world?srnd=premium-middle-east&leadSource=uverify%20wall\">Bloomberg<\/a> reports. Vietnam reported its highest temperature ever of 44.2\u00b0C over the weekend, while temperatures in Laos reached 43.5\u00b0C. Scorching temperatures in the Philippines sent its heat index into the \u201cdanger zone,\u201d indicating a potentially deadly mix of heat and humidity. The prolonged heat wave comes on the back of a growing El Nino weather pattern pushing temperatures to unprecedented levels. El Nino is likely to develop later this year, pushing the mercury up globally, the World Meteorological Organization warned <a href=\"https:\/\/www.reuters.com\/world\/el-nino-likely-return-this-year-fuelling-global-temperatures-wmo-2023-05-03\/\">last week<\/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>THE DANGER ZONE- Transparency woes from mining companies?<\/strong> Human rights groups are expressing worries that the involvement of mining companies in a proposed \u201cbattery passport\u201d scheme could undermine the transparency in the mining of critical minerals, <a href=\"https:\/\/www.theguardian.com\/business\/2023\/may\/08\/concerns-raised-over-mining-companies-role-in-battery-passport-scheme\">The Guardian<\/a> reports. Mining companies Eurasian Resources Group (ERG) and Glencore are both founders of ReSource, a proposed JV which aims to make the global car battery chain more transparent by assuring buyers that the critical minerals used in their car batteries were mined ethically. However, critics believe that this would allow mining companies to \u201cmark their own homework\u201d and any such program should be managed by an independent body. The transparency concerns also come from an open investigation by the UK\u2019s Serious Fraud Office against one of ERG\u2019s subsidiaries, Eurasian Natural Resources Corporation, which has been accused of engaging in strategic lawsuits against public participation (Slapps), which are designed to dissuade scrutiny.<\/p>\n<p><strong>ERG has been shopping in our region:<\/strong> Last month, Luxembourg-headquartered ERG said it is looking to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13d1fa10-4593-42b2-907b-21886b72947f\">build up a portfolio of energy transition minerals<\/a> by investing in mining activities in MENA and the GCC. The group said it will invest <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48a3ef3c-8ddb-4572-8be9-7345a234be1b\">USD 50 mn<\/a> in Saudi Arabia\u2019s mining sector last January, planning large-scale and tech-driven, early-stage exploration for battery transition materials in KSA\u2019s Dawadmi region where it has already secured licenses.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/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 tomorrow and Thursday <\/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>Japan will host the <\/strong><strong><a href=\"https:\/\/www.g7hiroshima.go.jp\/en\/\">G7 Hiroshima Summit<\/a><\/strong><strong> from 19 May to 21 May<\/strong> in Hiroshima. One of the key topics addressed at the summit will be ensuring energy security with the goal of achieving net zero by 2050 based on the Paris Agreement.<\/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\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/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\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/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=\"77299\" 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=\"77299\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/\">\r\n                            Bahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms                        <\/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\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/\" 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\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/')\">\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\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/\">\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=Bahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/\">\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\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/&title=Bahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms\">\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=Bahrain%E2%80%99s+Green+Corp+acquires+an+undisclosed+stake+in+UAE%E2%80%99s+Badia+Farms+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Fbahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms%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\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1843.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77300\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/1843-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1843.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1843.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1843.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1843.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77299\" class=\"content-area-description single-story post-77299 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-agriculture tag-bahrain tag-enterpriseclimate tag-ma-watch tag-uae tag-vertical-farming wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Bahrain-based agribusiness platform Green Corp has acquired an undisclosed <\/strong><strong>stake in the UAE\u2019s first urban vertical farming company <\/strong><strong><a href=\"https:\/\/www.badiafarms.com\/\">Badia Farms<\/a><\/strong>, according to a <a href=\"https:\/\/www.linkedin.com\/posts\/gii5_hydroponics-gii-uae-activity-7061251815274610688-slX0?utm_source=share&utm_medium=member_desktop\">statement<\/a> by Green Corps\u2019 mother company <a href=\"https:\/\/gii.ae\/\">Gulf Islamic Investments<\/a> (GII). The merger aims to grow Badia Farms\u2019 sustainable food production projects across the Gulf region. The UAE currently imports more than 80% of its food requirements, the majority of which are vegetables, according to the Badia Farms <a href=\"https:\/\/www.badiafarms.com\/our-farm\/\">website<\/a>.<\/p>\n<p><strong>About Green Corp:<\/strong> The Green Corp platform was launched last month by Gulf Ventures Capital \u2014 a Bahrain-based subsidiary of GII \u2014 to initiate and develop sustainable agricultural, aquaculture, food processing, and production projects across the GCC countries, <a href=\"http:\/\/tradearabia.com\/news\/BANK_407890.html\">Trade Arabia<\/a> reported at the time. Green Corp also aims to strengthen domestic and regional food distribution channels. GII currently has USD 3 bn in assets under management.<\/p>\n<p><strong>About Badia Farms: <\/strong>Badia Farms grows gourmet produce \u2014 mostly microgreens and herbs \u2014 in indoor vertical farms in Dubai, and sources it to the UAE\u2019s top restaurants and hotels, according to their <a href=\"https:\/\/www.badiafarms.com\/\">website<\/a>. Their method uses 90% less water and is more energy efficient than open field growing.<\/p>\n<p><strong>Regional interest in vertical farming is growing:<\/strong> The Abu Dhabi Developmental Holding Company (ADQ) launched a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d77eb160-8812-4bd0-b4e7-34577241a695\">vertical farming project<\/a> in collaboration with Italy\u2019s Zero Farms in ADQ\u2019s AgTech Park last month. Once fully completed, the 40k sqm farm is expected to produce roughly 6% of the country\u2019s consumption. In February, KSA\u2019s sovereign wealth fund and US-based AeroFarms <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1522e8bf-4398-49ad-b7e8-a12c386e71f9\">signed a joint venture<\/a> to build and operate indoor vertical farms in Saudi Arabia and MENA.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/vertical-farming\/\">Vertical farming<\/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=\"77301\" 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=\"77301\">\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\">Development finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/\">\r\n                            Mauritania\u2019s potable water project gets a USD 30 mn boost from the ADFD                        <\/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\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/\" 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\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/')\">\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\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/\">\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=Mauritania\u2019s potable water project gets a USD 30 mn boost from the ADFD&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/\">\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\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/&title=Mauritania\u2019s potable water project gets a USD 30 mn boost from the ADFD\">\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=Mauritania%E2%80%99s+potable+water+project+gets+a+USD+30+mn+boost+from+the+ADFD+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Fmauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd%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\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1844.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77302\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/mauritanias-potable-water-project-gets-a-usd-30-mn-boost-from-the-adfd\/1844-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1844.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1844.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1844.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1844.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77301\" class=\"content-area-description single-story post-77301 post type-post status-publish format-standard has-post-thumbnail hentry category-development-finance tag-abu-dhabi-fund-for-development tag-development-finance tag-enterpriseclimate tag-mauritania tag-potable-water tag-water 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> Mauritania gets a boost from ADFD:<\/strong> The Abu Dhabi Fund for Development will provide Mauritania with USD 30 mn in financing to support a national project to provide the city of Kiffa with potable water sourced from the Senegal River, according to a <a href=\"https:\/\/www.adfd.ae\/english\/NewsandEvents\/News\/NewsandEvents\/Pages\/NewsDetailsHome.aspx?Name=593\">statement<\/a>. It is unclear whether the financing will be in the form of a grant or a loan. The estimated cost of the project \u2014 financed by multiple unnamed Arab and global financing institutions \u2014 is USD 320 mn.<\/p>\n<p><strong>About the project: <\/strong>The project involves the construction of a water intake from the Senegal River and a treatment plant with a production capacity of 50k cubic meters per second in Korai city. The water will then be pumped through a 250 km pipeline, passing through three pumping stations in the cities of Korai, S\u00e9libabi, and Kankossa. The project also involves building three ground tanks with a capacity of 5k cubic meters each and 35 elevated tanks with capacities ranging from 25 to 500 cubic meters along the pipeline route. Some 92 towns and villages between the four cities are set to benefit from the project, which is expected to mitigate water shortages, especially during the summer, according to the statement.<\/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\/abu-dhabi-fund-for-development\/\">Abu Dhabi Fund for Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/development-finance\/\">DEVELOPMENT FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mauritania\/\">Mauritania<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/potable-water\/\">potable water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/water\/\">water<\/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=\"77303\" 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=\"77303\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/77303\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77303\" class=\"content-area-description single-story post-77303 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\/1828.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=\"77304\" 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=\"77304\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/\">\r\n                            Coca-Cola\u2019s African bottling partner gets a EUR 64 mn IFC loan for green transition                        <\/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\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/\" 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\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/')\">\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\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/\">\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=Coca-Cola\u2019s African bottling partner gets a EUR 64 mn IFC loan for green transition&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/\">\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\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/&title=Coca-Cola\u2019s African bottling partner gets a EUR 64 mn IFC loan for green transition\">\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=Coca-Cola%E2%80%99s+African+bottling+partner+gets+a+EUR+64+mn+IFC+loan+for+green+transition+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Fcoca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition%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\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1845.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77305\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/coca-colas-african-bottling-partner-gets-a-eur-64-mn-ifc-loan-for-green-transition\/1845-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1845.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1845.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1845.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1845.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77304\" class=\"content-area-description single-story post-77304 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-africa tag-debt-watch tag-enterpriseclimate tag-equatorial-coca-cola-bottling-company tag-ifc 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>Your bottle of Coke is getting greener: <\/strong>Equatorial Coca-Cola Bottling Company (ECCBC), Coca-Cola\u2019s official bottling partner in Africa, has signed an agreement with the International Finance Corporation (IFC) for a EUR 64 mn loan to boost climate-friendly measures and increase plastic recycling across its operations in 13 countries on the continent, according to an IFC <a href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=27506\">statement<\/a>.<\/p>\n<p><strong>Who is funding the loan?<\/strong> Under the agreement, the IFC will provide a EUR 52 mn loan from its own account, EUR 8.5 mn from the Canada IFC Blended Climate Finance Program, and EUR 3.5 mn from the Alafaq Aljadida Middle East and North Africa Private Sector Development program.<\/p>\n<p><strong>Where\u2019s the money going?<\/strong> The loan will cover refurbishing or replacing the beverage maker\u2019s production lines, establishing a polyethylene terephthalate (PET) collection and recycling program in Algeria, replacing coolers in its distribution network for energy savings, installing solar panels at bottling plants, and piloting solar powered retail coolers in Ghana and Morocco. The strategy also includes initiatives to lower the company\u2019s water and energy consumption in water-stressed areas like North Africa, according to a <a href=\"https:\/\/www.eccbc.com\/eccbcs-sustainability-strategy-gets-the-international-finance-corporation-ifcs-support\/\">statement<\/a> by ECCBC.<\/p>\n<p><strong>About the company:<\/strong> ECCBC is the official Coca-Cola bottler in 13 North and West African countries, according to the company\u2019s <a href=\"https:\/\/www.eccbc.com\/about-us\/our-market\/\">website<\/a>. It currently operates seven bottling plants and 44 production lines in Africa, serving over 160 mn consumers in its countries of operation, according to the IFC statement.<\/p>\n<p><strong>REMEMBER- Plastic consumption is a problem in MENA: <\/strong>Plastic consumption growth is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98d53870-26f8-4d09-8478-a6ced92d72a2\">most prominent<\/a> in emerging countries in Africa and Asia. The 38 member OECD countries will still be the leading producers of plastic waste, though, producing 238 kg of waste per person each year in 2060, while non-OECD countries are estimated to produce less than half of that (77 kg).<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/equatorial-coca-cola-bottling-company\/\">Equatorial Coca-Cola Bottling Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ifc\/\">IFC<\/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=\"77306\" 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=\"77306\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/\">\r\n                            SABIC\u2019s 1Q 2023 net income plunges on back of global prices squeeze                        <\/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\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/\" 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\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/')\">\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\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/\">\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=SABIC\u2019s 1Q 2023 net income plunges on back of global prices squeeze&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/\">\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\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/&title=SABIC\u2019s 1Q 2023 net income plunges on back of global prices squeeze\">\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=SABIC%E2%80%99s+1Q+2023+net+income+plunges+on+back+of+global+prices+squeeze+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Fsabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze%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\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/calculator-old-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77307\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/sabics-1q-2023-net-income-plunges-on-back-of-global-prices-squeeze\/calculator-old-1600px-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/calculator-old-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"calculator-old-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/calculator-old-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/calculator-old-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77306\" class=\"content-area-description single-story post-77306 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate tag-sabic tag-saudi-basic-industries-corp 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> A bad 1Q for SABIC: <\/strong>The Saudi Basic Industries Corp (SABIC) reported a 90% y-o-y fall in net income in 1Q 2023 to SAR 660 mn on the back of pressure on global prices, according to its <a href=\"https:\/\/www.saudiexchange.sa\/Resources\/fsPdf\/7579_381_2023-05-04_08-07-54_en.pdf\">earnings release (pdf)<\/a>.<\/p>\n<p><strong>Topline takes a hit: <\/strong>Sabic\u2019s revenues plunged 25% y-o-y during the first quarter of the year to SAR 39.7 bn, according to the release. Average sales prices were down by 22% y-o-y in 1Q, while volumes decreased by 3% y-o-y in the same period.<\/p>\n<p><strong>What they said:<\/strong> \u201cWe are closely monitoring the changes and the recovery of the global market demand. New capacities in 1Q 2023 are adding more pressure on global prices, while there is limited relief on variable cost. We continue to keep our operating costs under control and maintain our strong balance sheet. Despite current market uncertainties, our determination to deliver on growth, innovation and sustainability remains intact,\u201d SABIC CEO Abdulrahman Al Fageeh said.<\/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\/sabic\/\">Sabic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-basic-industries-corp\/\">Saudi Basic Industries Corp<\/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=\"77308\" 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=\"77308\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/mohamed-al-hammadi-selected-to-lead-wna\/\">\r\n                            Mohamed Al Hammadi selected to lead WNA                        <\/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\/09\/mohamed-al-hammadi-selected-to-lead-wna\/\" 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\/09\/mohamed-al-hammadi-selected-to-lead-wna\/')\">\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\/09\/mohamed-al-hammadi-selected-to-lead-wna\/\">\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=Mohamed Al Hammadi selected to lead WNA&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/mohamed-al-hammadi-selected-to-lead-wna\/\">\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\/09\/mohamed-al-hammadi-selected-to-lead-wna\/&title=Mohamed Al Hammadi selected to lead WNA\">\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=Mohamed+Al+Hammadi+selected+to+lead+WNA+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Fmohamed-al-hammadi-selected-to-lead-wna%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\/09\/mohamed-al-hammadi-selected-to-lead-wna\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1846.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77309\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/mohamed-al-hammadi-selected-to-lead-wna\/1846-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1846.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1846.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1846.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1846.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77308\" class=\"content-area-description single-story post-77308 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseclimate tag-moves tag-world-nuclear-association wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A new boss at WNA: <\/strong>Emirati national Mohamed Al Hammadi <a href=\"https:\/\/www.linkedin.com\/in\/eng-malhammadi\/?originalSubdomain=ae\">(Linkedin<\/a>) has been selected to chair the World Nuclear Association (WNA), becoming the first Arab to assume the post, <a href=\"https:\/\/wam.ae\/ar\/details\/1395303154845\">Wam<\/a> reports. Al Hammadi, who is currently the Managing Director and CEO at Emirates Nuclear Energy Corporation, will begin his tenure as WNA chief in 2024. He was also elected president of the World Association of Nuclear Operators in October 2022.<\/p>\n<p><strong>About WNA: <\/strong>The World Nuclear Association is a London-based international organization that represents the global nuclear industry, according to its <a href=\"https:\/\/world-nuclear.org\/our-association\/who-we-are\/mission.aspx\">website<\/a>. It aims to promote a better understanding of nuclear energy among global stakeholders by producing authoritative data, developing common industry positions, and contributing to the energy debate.<\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-nuclear-association\/\">World Nuclear Association<\/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=\"77310\" 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=\"77310\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/\">\r\n                            Friendshoring critical minerals is the name of the game                        <\/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\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/\" 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\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/')\">\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\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/\">\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=Friendshoring critical minerals is the name of the game&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/\">\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\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/&title=Friendshoring critical minerals is the name of the game\">\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=Friendshoring+critical+minerals+is+the+name+of+the+game+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Ffriendshoring-critical-minerals-is-the-name-of-the-game%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\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1847.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77311\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/friendshoring-critical-minerals-is-the-name-of-the-game\/1847-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1847.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1847.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1847.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1847.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77310\" class=\"content-area-description single-story post-77310 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-minerals tag-mining 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>Friendshoring <\/strong><strong>critical mineral production is possible, but\u2026: <\/strong>The US and key partners globally can significantly \u2018friendshore\u2019 the production of critical minerals, but this would require extraordinary technological and financial cooperation, <a href=\"https:\/\/carnegieendowment.org\/2023\/05\/03\/friendshoring-critical-minerals-what-could-u.s.-and-its-partners-produce-pub-89659\">Carnegie<\/a> writes, citing a study by the Net Zero Industrial Policy Lab at Johns Hopkins University. Such partnerships among democratic states could produce sufficient minerals to allow the world to reach a global warming limit of 1.5\u00b0C, but this would require an unprecedented build-out of the mining industry. The study also identified \u201clinchpin\u201d countries with large reserves of minerals, such as Indonesia, Peru, Brazil, and Turkey, with which the US should \u201cdouble down\u201d its partnership. \u201cThe key will be making sure that the governments of these countries see value for themselves in being part of a resilient supply-chain partnership,\u201d Carnegie says.<\/p>\n<p><strong>The new trade buzzword: <\/strong>Friendshoring, or allyshoring, is a strategy where supply chains are rerouted to countries deemed low-risk or politically and economically risk-free to insulate global supply chains from external shocks or disruptions, according to the <a href=\"https:\/\/www.weforum.org\/agenda\/2023\/02\/friendshoring-global-trade-buzzwords\/\">World Economic Forum<\/a>. The trade buzzword has mainly emerged following the pandemic and the Russian invasion of Ukraine, which strained global supply chains.<\/p>\n<p><strong>Speaking of critical minerals: <\/strong>Fears that a copper scarcity will hamper the energy transition are unfounded, as aluminum can serve as a substitute \u201cfor almost all applications,\u201d according to a study by <a href=\"https:\/\/neonresearch.nl\/copper-scarcity-will-not-materially-slow-down-the-energy-transition\/\">NEONresearch<\/a>. The paper says that aluminum can conduct electricity as well as copper and is 1.2k times more abundant. It also argues that the shift could be good for the environment, since aluminum emits less carbon in electricity production.<\/p>\n<hr class=\"grey-line\">\n<p><strong>An open market for renewables in South Africa is proving to be a lifeline out of the<\/strong><strong> energy crisis in the country<\/strong>, which has been grappling with ever-worsening blackouts since last year, <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2023-05-07\/energy-crisis-south-africa-lets-the-markets-work?leadSource=uverify%20wall\">Bloomberg<\/a> writes. The government is now opening a door for renewables, abandoning some of the previous constraints impeding the use of renewables. The country is now seeing a boom in the trade of solar panels and lithium-ion batteries. However, this transition could be at risk after South Africa's ruling African National Congress voiced support for plans to extend the lives of sclerotic coal-fired furnaces to address the power cuts. Such a move could put the USD 8.5 bn global effort for clean energy transition at jeopardy, according to the business newswire.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>15 species of invertebrates<\/strong> in the rivers of the <strong>European Alps<\/strong> could lose most of their habitat and <strong>face extinction<\/strong>, as the mountain range\u2019s <strong>glaciers melt<\/strong> at an <strong>unprecedented rate<\/strong>. (<a href=\"https:\/\/www.theguardian.com\/environment\/2023\/may\/04\/melting-glaciers-in-alps-threaten-biodiversity-of-invertebrates-says-study\">The Guardian<\/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\/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\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77312\" 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=\"77312\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/\">\r\n                            Oman signs declaration of intent for green hydrogen cooperation with Belgium                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Oman signs declaration of intent for green hydrogen cooperation with Belgium&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/&title=Oman signs declaration of intent for green hydrogen cooperation with Belgium\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Oman+signs+declaration+of+intent+for+green+hydrogen+cooperation+with+Belgium+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Foman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1848.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77313\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/oman-signs-declaration-of-intent-for-green-hydrogen-cooperation-with-belgium\/1848-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1848.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1848.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1848.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1848.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77312\" class=\"content-area-description single-story post-77312 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-belgium tag-enterpriseclimate tag-green-hydrogen tag-oman wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Oman and Belgium seek cooperation in green hydrogen:<\/strong> Omani Energy and Minerals Minister Salem bin Nasser Al Aufi signed a declaration of intent with Belgian Energy Minister Van der Straten to enhance cooperation in green hydrogen, as part of Oman\u2019s plans to become a regional green hydrogen hub, the Omani ministry <a href=\"https:\/\/twitter.com\/memgovom\/status\/1655552318413078531\/photo\/1\">said<\/a>.<\/p>\n<p><strong>The sultanate is ahead of the game in regional green hydrogen plans:<\/strong> Oman has <a href=\"http:\/\/climate.enterprise.press\/stories\/2023\/03\/28\/menas-low-carbon-hydrogen-agreements-are-racking-up-ahead-of-anticipated-national-hydrogen-strategy-reveals-100809\/\">signed 11<\/a><a href=\"http:\/\/climate.enterprise.press\/stories\/2023\/03\/28\/menas-low-carbon-hydrogen-agreements-are-racking-up-ahead-of-anticipated-national-hydrogen-strategy-reveals-100809\/\">agreements<\/a> \u2014 the second biggest number of green hydrogen preliminary agreements in the region, trailing behind Egypt\u2019s 23 agreements. The International Renewable Energy Agency also said in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5345ee93-0434-4642-a343-fe5c4310bdb4\">February<\/a> that Oman is one of four countries leading MENA\u2019s green hydrogen development. To date, Oman is the only country to have <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e806e16c-672f-4775-8776-6f597297731a\">released its strategy<\/a> and aims to produce between 1 and 1.25 mn tons annually by 2030.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Funding for the <strong>US, UAE-led <\/strong><strong><a href=\"https:\/\/www.aimforclimate.org\/\">Agriculture Innovation Mission for Climate<\/a><\/strong> has grown to <strong>USD 13 bn since its launch in 2021<\/strong>. The fund aims to cut agriculture emissions from livestock, machinery and fertilizer use \u2014 which account for about 10% to 12% of greenhouse gas emissions. (<a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/funding-us-uae-farm-climate-project-grows-13-billion-2023-05-08\/\">Reuters<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/belgium\/\">Belgium<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/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=\"77314\" 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=\"77314\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/\">\r\n                            California\u2019s Salton Sea could supply auto industry with lithium for EV production                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/\" 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\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/')\">\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\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/\">\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=California\u2019s Salton Sea could supply auto industry with lithium for EV production&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/&title=California\u2019s Salton Sea could supply auto industry with lithium for EV production\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=California%E2%80%99s+Salton+Sea+could+supply+auto+industry+with+lithium+for+EV+production+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Fcalifornias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1849.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77315\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/californias-salton-sea-could-supply-auto-industry-with-lithium-for-ev-production\/1849-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1849.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1849.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1849.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1849.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77314\" class=\"content-area-description single-story post-77314 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-china tag-enterpriseclimate tag-evs tag-minerals tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Is<\/strong> <strong>California the \u201cSaudi Arabia of lithium\u201d?<\/strong> Mineral extraction companies are racing to strike lithium near the Salton Sea in California, a region that some are now calling the \u201cSaudi Arabia of Lithium\u201d or \u201cLithium Valley,\u201d <a href=\"https:\/\/www.cbsnews.com\/news\/california-lithium-industry-develops-for-electric-vehicle-battery-needs-60-minutes-2023-05-07\/\">CBS News<\/a> reports. CEO of lithium recovery company EnergySource Minerals Eric Spomer said that he is confident that the state is sitting on a supply of lithium that is over 300k tons a year \u2014 roughly over half of the world\u2019s current lithium supply. According to Spomer, his company could recover enough lithium to support 7.5 mn electric vehicles a year, representing half of the total car and truck sales in the US.<\/p>\n<p><strong>Brine from the Salton Sea is the secret behind the abundance of lithium:<\/strong> While most lithium is extracted from rocks, or recovered from evaporation ponds, EnergySource Minerals is breaking ground on a \u201cclean, [USD bn] facility in the next few months to extract lithium from the brine before reinjecting it underground,\u201d CBS News writes.<\/p>\n<p><strong>REMEMBER-<\/strong> Lithium is a necessary component for the production of EV batteries and electronics. Several countries in the region <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e05b5245-4c68-48ec-a31d-55a21e395d42\">have been doubling down<\/a> on mining efforts in a bid to meet rising demand for the mineral, which is among several \u201cgreen metals\u201d considered key for the energy transition.<\/p>\n<p><strong>ALSO-<\/strong> <strong>China is set to unveil new policies to shield supply chains including <\/strong><strong>possible subsidies for manufacturing<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-08\/china-flags-supply-chains-population-as-top-policy-priorities?utm_source=google&utm_medium=bd&cmpId=google&leadSource=uverify%20wall\">Bloomberg<\/a> reports, citing analysts. China\u2019s focus on protecting its supply chain comes as Washington moves to shun Beijing from advanced chip technology.<\/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\/around-the-world\/\">AROUND THE WORLD<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77316\" 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=\"77316\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/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\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/\">\r\n                            Netherlands biggest airport could ban night flights and private jets from 2026                        <\/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\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/\" 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\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/')\">\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\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/\">\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=Netherlands biggest airport could ban night flights and private jets from 2026&url=https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/\">\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\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/&title=Netherlands biggest airport could ban night flights and private jets from 2026\">\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=Netherlands+biggest+airport+could+ban+night+flights+and+private+jets+from+2026+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F05%2F09%2Fnetherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026%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\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1850.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77317\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/netherlands-biggest-airport-could-ban-night-flights-and-private-jets-from-2026\/1850-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1850.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1850.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1850.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1850.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77316\" class=\"content-area-description single-story post-77316 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-aviation tag-climate tag-emissions tag-enterpriseclimate tag-netherlands tag-on-your-way-out wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> Amsterdam\u2019s Schiphol Airport taking a hardline on emissions:<\/strong> The Netherlands largest airport Schiphol is negotiating a potential ban on night flights and private jets starting from 2026 in a move that may set the bar for how countries handle climate politics and the growing backlash against emissions, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-03\/amsterdam-s-airport-is-on-a-quest-to-ban-private-jets?srnd=green&leadSource=uverify%20wall\">Bloomberg<\/a> reported last week. The plan will come into effect depending on the outcomes of ongoing negotiations and litigation.<\/p>\n<p><strong>Efforts to curb emissions and noise pollution at Schiphol began last year: <\/strong>Airlines challenged the Dutch government\u2019s proposal to cut the number of flights from 500k to 440k by 2024 in court, and won due to the government not following the \u201ccorrect procedure,\u201d the news outlet explains.<\/p>\n<p><strong>Private flights generate 20 times more CO2 per passenger than commercial flights<\/strong>, Bloomberg said, citing comments by Schiphol. Some 17k private jet flights crossed its runways last year alone. Around 30% to 50% of private jet flights from Schiphol go to holiday destinations that are also served by commercial flights.<\/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\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emissions\/\">emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77318\" 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\/09\/77318\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77318\" class=\"content-area-description single-story post-77318 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>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>8-10 May (Monday-Wednesday): <a href=\"https:\/\/www.worldutilitiescongress.com\/\">World Utilities Congress<\/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>15-18 November (Wednesday-Saturday): DEWA\u2019s <a href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/May\/07-05\/DEWA-MENA-Solar-Conference\">First MENA Solar Conference<\/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":77296,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77295","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9fefaaaa-df91-4af4-9dff-8cbe19126c2d","teaser":"","photo_url":"https:\/\/ent.news\/2021\/4\/106.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms - 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\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/\" \/>\n<meta property=\"og:locale\" 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