{"id":77755,"date":"2023-06-01T01:00:05","date_gmt":"2023-06-01T01:00:05","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=77755"},"modified":"2025-12-15T09:02:17","modified_gmt":"2025-12-15T09:02:17","slug":"taqa-engie-and-ewec-achieve-financial-close-for-aed-2-3-bn-low-carbon-desalination-plant","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/taqa-engie-and-ewec-achieve-financial-close-for-aed-2-3-bn-low-carbon-desalination-plant\/","title":{"rendered":"Taqa, Engie, and EWEC achieve financial close for AED 2.3 bn \u201clow-carbon\u201d desalination plant"},"content":{"rendered":"<section id=\"77757\" 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=\"77757\">\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\/06\/01\/today-taqa-engie-and-ewec-achieve-financial-close-for-low-carbon-desalination-plant\/\">\r\n                            TODAY: Taqa, Engie and EWEC achieve financial close for \u201clow-carbon\u201d desalination plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n            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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"941.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/941.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/941.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77757\" class=\"content-area-description single-story post-77757 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseclimate tag-green-bonds tag-green-hydrogen tag-qatar tag-renewables tag-saudi-arabia tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, ladies and gents. <\/strong>We have a brisk issue to ease you into the weekend with a couple of big stories making the headlines.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>The UAE\u2019s Taqa, French utility company Engie, and the Emirates Water and Electricity Company have achieved financial close for the AED 2.3 bn low-carbon Mirfa 2 Reverse Osmosis desalination plant and Iraq has approved the construction of a USD 520.2 mn 750 MW solar plant with PowerChina in the country\u2019s southern Muthanna province.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on these stories and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION<\/strong><strong>- <\/strong>Chevron and Exxon shareholders voted against proposals for additional climate reporting and revised emissions reduction targets at the US oil majors\u2019 annual meetings yesterday, showing a marked difference in voting preference versus Europe, where resolutions related to climate change and global warming earned stronger support. Only 11% of Exxon shareholders supported a petition calling for the company to set emissions reduction targets consistent with the 2015 Paris climate agreement, while a similar proposal at Chevron received less than 10% support.<\/p>\n<p><strong>The story<\/strong><strong> made headlines in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/sustainability\/exxon-shareholders-reject-climate-proposals-activist-annual-meeting-2023-05-31\/\">Reuters<\/a> | <a href=\"https:\/\/news.bloomberglaw.com\/business-and-practice\/exxon-chevron-shareholders-snub-emissions-reduction-proposals\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/7faccadc-beef-4b10-be53-ae7aceaeafce\">Financial Times<\/a><\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>WATCH THIS SPACE #1- The UAE\u2019s first hydrogen electrolyzer plant? <\/strong>The UAE\u2019s Industry and Advanced Technology Minister Sultan Al Jaber says the country intends to build its first hydrogen electrolyzer plant, <a href=\"https:\/\/wam.ae\/en\/details\/1395303163978\">Wam<\/a> reports. The plant is part of over 30 industrial projects worth over AED 6 bn announced during the second edition of the Make it in the Emirates Forum. He did not provide further details about the timeline or financial details of the electrolyser project.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>WATCH THIS SPACE #2- Hydrogen-fueled buses could be hitting KSA streets next <\/strong><strong>year:<\/strong> KSA\u2019s Neom Green Hydrogen Company (NGHC) will begin producing green hydrogen for buses and trucks at a new plant by mid-2024, CEO Dave Edmondson told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-30\/saudi-arabia-s-neom-hydrogen-project-sees-output-starting-next-year\">Bloomberg<\/a> in an interview. A larger facility that will focus on exports is also being developed, Edmondson said. The USD 8.4 bn facility \u2014 which aims to produce up to 600 tons of hydrogen per day using wind and solar power \u2014 will start exporting the fuel in the form of ammonia in 2026, he said. A third hydrogen facility, set to begin production in 2028 or 2029, will focus on providing energy for local industry, he revealed.<\/p>\n<p><strong>REMEMBER<\/strong>- Saudi Arabia aims to become the world\u2019s biggest green hydrogen producer under efforts to diversify its economy away from oil sales. It hopes its <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3b430e5e-0bba-4e79-b49f-6b1a0240542d\">USD 8.4 bn utility-scale green hydrogen facility<\/a> in Neom will help it become a leader in clean fuel in the coming decades. The plant promises to be the world\u2019s largest utility-scale green hydrogen facility, producing 1.2 mn tons of green ammonia annually. All of the plant\u2019s output is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b25cd90-e450-47ee-b0a9-3f382940309e\">planned for global export<\/a>, mainly to the EU, specifically Germany, through an exclusive long-term agreement with Air Products.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3- Doha Bank explores green bond market: <\/strong>Qatar\u2019s Doha Bank has announced the launch of its Sustainable Finance Framework, which opens the door to issuing various ESG-aligned debt and capital instruments, <a href=\"https:\/\/thepeninsulaqatar.com\/article\/31\/05\/2023\/doha-bank-announces-launch-of-sustainable-finance-framework\">The Peninsula Qatar<\/a> reports. The issuances could include bonds and private placements under its Euro Medium Term Note program.<\/p>\n<p><strong>ALSO-<\/strong> <strong>Qatar is assessing climate vulnerability:<\/strong> Qatar\u2019s Environment and Climate Change Ministry and the Global Green Growth Institute held a workshop to discuss efforts to ramp up climate vulnerability and action on six different sectors in the country, <a href=\"https:\/\/bit.ly\/3WIQe7s\">Al Sharq<\/a> reports. The workshop addressed the most crucial challenges of climate change in the country and discussed creating a database on the most impacted sectors \u2014 including infrastructure, healthcare, water among others \u2014 which would allow the ministry to develop a national strategy for the environment and climate change and prepare a national action plan.<\/p>\n<hr class=\"grey-line\">\n<p><strong>DATA POINT<\/strong><strong>- A record 1Q for global wind turbine orders: <\/strong>Global wind order intake rose by 27% y-o-y in the first quarter of the year to 23.5 GW hitting a new record, according to <a href=\"https:\/\/www.woodmac.com\/press-releases\/global-wind-turbine-order-intake-sets-q1-record-increases-27-yoy\/\">analysis<\/a> by energy consultancy firm Wood Mackenzie. The growing activity was spurred by a new record of 15.2 GW set by China and a record growth in Latin America to 1.7 GW, it said. The US saw a rise to 1.8 GW of activity, more than doubling the 0.8 GW in the corresponding quarter last year. All in all, global orders were up USD 3 bn y-o-y in 1Q, reaching USD 15.2 bn.<\/p>\n<p><strong>No slowdown for China:<\/strong> \u201cChina continues to be the overwhelming driver of global activity,\u201d said Wood Mackenzie Research Director Luke Lewandowski. \u201cWe do not see that slowing down anytime soon. What is encouraging is seeing certain areas outside of China start to build momentum. Latin America had a record 1Q, thanks to activity in Argentina and Brazil, and the US is seeing renewed confidence and order growth, partially thanks to the Inflation Reduction Act,\u201d he said.<\/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 regional publication for senior execs who care about the world\u2019s most important industry. <\/strong>Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.<\/p>\n<p><strong>Enterprise Climate is published by 5am CLT \/ 5am Riyadh \/ 6am UAE Monday through Thursday by Enterprise<\/strong>, the folks who bring you Enterprise Egypt, your essential 6am and 3pm read on business, finance, policy and economy in Egypt and emerging markets.<\/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><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">Subscribe to Enterprise Climate 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>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Saudi Arabia will host the <\/strong><strong><a href=\"https:\/\/www.arabchinaconference.com\/en\/\">Arab-Chinese Business Conference<\/a><\/strong><strong> on Sunday, 11 June <\/strong><strong>and Monday, 12 June<\/strong> in Riyadh. The conference will bring together CEOs, business leaders, investors, and entrepreneurs from the Middle East and China to collaborate on new trade and investment initiatives in different sectors, including renewables and minerals. A panel discussion titled Clean Energy and Renewables \u2013 Pathways to Emissions Reduction is scheduled on the first day, according to the <a href=\"https:\/\/ent.news\/2023\/5\/1942.pdf\">program (pdf)<\/a>. The second day will focus on the localization of renewable energy and on value chain opportunities in mining.<\/p>\n<p><strong>The UAE will host <\/strong><strong><a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a><\/strong><strong> on Tuesday, 13 June to Wednesday, 14 June<\/strong> in Dubai. The two-day summit will bring together industry players and experts for conversations on climate change and sustainability and solutions for concurrent climate-related issues in the region. Key themes to be addressed during the summit include industry decarbonization, renewable and clean energy potential and implementation, sustainable building and construction and others.<\/p>\n<p><strong>Morocco will host the <\/strong><strong><a href=\"https:\/\/www.bloombergneweconomy.com\/gateway-africa\/\">Bloomberg New Economy Gateway Africa<\/a><\/strong><strong>on Tuesday, 13 June to <\/strong><strong>Wednesday, 14 June<\/strong> in Marrakech. The event will bring together stakeholders from the private and public sector to discuss the world\u2019s most pressing topics and assess potential solutions. Those include the impact of a decelerating global economy, spiking food and energy prices, supply-chain shocks and risks of distress among sovereign borrowers.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events and news triggers.<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-bonds\/\">green bonds<\/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\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77759\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77760\" 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=\"77760\">\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\">DESALINATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/taqa-engie-and-ewec-achieve-financial-close-for-aed-2-3-bn-low-carbon-desalination-plant\/\">\r\n                            Taqa, Engie and EWEC achieve financial close for AED 2.3 bn \u201clow-carbon\u201d desalination plant                        <\/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\/06\/01\/taqa-engie-and-ewec-achieve-financial-close-for-aed-2-3-bn-low-carbon-desalination-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/taqa-engie-and-ewec-achieve-financial-close-for-aed-2-3-bn-low-carbon-desalination-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/4199.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77761\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/taqa-engie-and-ewec-achieve-financial-close-for-aed-2-3-bn-low-carbon-desalination-plant\/4199-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/4199.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"4199.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/4199.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/4199.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77760\" class=\"content-area-description single-story post-77760 post type-post status-publish format-standard has-post-thumbnail hentry category-desalination tag-desalination tag-engie tag-enterpriseclimate tag-ewec tag-mirfa-2-reverse-osmosis tag-taqa tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>We\u2019re one step closer to the UAE\u2019s third largest RO desalination plant:<\/strong> The UAE\u2019s state-owned Abu Dhabi National Energy Company (Taqa), French utility company Engie, and the Emirates Water and Electricity Company (EWEC) have achieved financial close for the AED 2.3 bn (c. USD 620 mn) low-carbon Mirfa 2 Reverse Osmosis (M2 RO) desalination plant, according to a <a href=\"https:\/\/ent.news\/2023\/5\/1947.pdf\">statement (pdf)<\/a> to the ADX. The move comes months after Taqa and Engie inked the water purchase agreement with EWEC <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/00a74077-0636-4cfe-81d4-f69ad805a10e\">in February<\/a>.<\/p>\n<p><strong>What we know: <\/strong>M2 RO will produce 120 mn imperial gallons per day (MIGD) of water once fully operational in 4Q 2025, equating to c. 550k cubic meters per day of potable water. This will make it the third largest RO desalination facility in the country. Taqa will own 60% of the plant, while Engie will hold a 40% share. They will be tasked with the operations and maintenance (O&M) of the plant, with Engie holding a 60% stake in the O&M company and Taqa owning the remaining 40%. EWEC will procure the water supplied from the plant for 30 years.<\/p>\n<p><strong>Where the money is coming from:<\/strong> The project will have 78% of its funding come from debt financing from local and international lenders, including Abu Dhabi Islamic Bank (ADIB), BNP Paribas Fortis, Sumitomo Mitsui Banking Corporation (SMBC), The Norinchukin Bank, BNP<\/p>\n<p>Paribas (BNPP) and KfW IPEX-Bank GmbH.<\/p>\n<p><strong>All under a wider strategy:<\/strong> A pipeline of RO projects should allow EWEC to help realize the Abu Dhabi Department of Energy\u2019s Clean Energy Strategic Targets 2035 to slash carbon emissions by up to 75%, EWEC CEO Othman Al Ali said. \u201cThrough our initiatives, we forecast that over 90% of our water production will be from RO technology by 2030, resulting in an 88% reduction in carbon emissions associated with water production,\u201d he said.<\/p>\n<p><strong>Good marketing:<\/strong> M2 RO will leverage highly efficient RO desalination, the statement said, highlighting an efficiency of up to six times more than traditional thermal desalination. Plant operators would be able to lower carbon emissions by decoupling water and power generation processes, allowing them to slash costs and achieve sustainability targets.<\/p>\n<p><strong>But the jury\u2019s still out on how green it is:<\/strong> There has been a debate on the low carbon classification of reverse osmosis plants. Such plants can\u2019t be truly labeled \u201clow carbon\u201d as long as they\u2019re powered by fossil fuels, Saudi Acwa Power\u2019s former CEO Paddy Padmanathan said <a href=\"https:\/\/www.weforum.org\/agenda\/2022\/06\/technology-and-entrepreneurship-can-quench-our-parched-world\/\">last year<\/a>. Fossil fuels are used in around 70% of desalination plants in the Gulf, he said. This method of desalinating water is also highly intensive, requiring <a href=\"https:\/\/theworld.org\/stories\/2015-05-15\/desalination-expensive-energy-hog-improvements-are-way\">3-10 KWh of energy<\/a> to produce 1 cubic meter of water, far higher than the 1 KWh used in traditional water treatment plants. It\u2019s unclear how power used for the M2 RO plant will be generated.<\/p>\n<p><strong>More to come? <\/strong>EWEC called on developers <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/144d5922-10b7-44be-a637-2e0b4a9dcfed\">last year<\/a>to bid on building two new low-carbon reverse osmosis water plants. The plants are set to be located on the islands of Saadiyat and Hudayriat and will provide some 455k cubic meters of water a day \u2014 enough to supply up to 180k households. EWEC already operates six reverse osmosis desalination plants.<\/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\/desalination\/\">DESALINATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/engie\/\">Engie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ewec\/\">Ewec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mirfa-2-reverse-osmosis\/\">Mirfa 2 Reverse Osmosis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/taqa\/\">TAQA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77762\" 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=\"77762\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/\">\r\n                            Iraq approves USD 520 mn, 750 MW solar plant project with PowerChina                        <\/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\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/\" 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\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/')\">\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\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/\">\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=Iraq approves USD 520 mn, 750 MW solar plant project with PowerChina&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/\">\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\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/&title=Iraq approves USD 520 mn, 750 MW solar plant project with PowerChina\">\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=Iraq+approves+USD+520+mn%2C+750+MW+solar+plant+project+with+PowerChina+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F01%2Firaq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina%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\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77763\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/iraq-approves-usd-520-mn-750-mw-solar-plant-project-with-powerchina\/932-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"932.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/932.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77762\" class=\"content-area-description single-story post-77762 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-enterpriseclimate tag-iraq tag-renewables tag-solar 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>Iraq\u2019s solar drive is getting a boost from China:<\/strong> The Iraqi Cabinet has approved the construction of a USD 520.2 mn 750 MW solar plant with PowerChina in the country\u2019s southern Muthanna province, according to a <a href=\"https:\/\/bit.ly\/45GapXy\">statement<\/a>. The first phase of the two-phase project is set to generate 250 MW of solar energy, the statement added. Iraqi Electricity Minister Ziad Ali Fadel had said in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/01ac1008-cf14-4742-87da-d5d85a2ef4b0\">April<\/a> that PowerChina was building a 250 MW solar power plant in Iraq.<\/p>\n<p><strong>It\u2019s been a good run:<\/strong> The appetite for renewables in Iraq has been growing in recent months. French energy giant TotalEnergies said in April that it <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/51dc97b8-0151-4e97-9b16-b64ed15a741e\">will develop<\/a> a 1 GW solar power plant to supply the Basrah regional grid, after it sealed an agreement on a delayed USD 27 bn cluster of energy projects in the country. The French company will invite Saudi Arabia\u2019s Acwa Power to take part in the project. The growing interest came despite Norwegian renewable energy producer Scatec reportedly pulling the plug on two solar projects in the country on the back of lagging procedures and unclear legislation for solar, <a href=\"https:\/\/www.iraqoilreport.com\/news\/delays-threaten-iraqs-solar-ambitions-45677\/\">Iraq Oil Report<\/a>reported in April.<\/p>\n<p><strong>More to come? <\/strong>An unnamed Saudi firm will build a 1 GW solar plant in Iraq\u2019s Al Najaf city, Minister Fadel said in April. The ministry has already allocated land for the project, he said, without providing further details.<\/p>\n<p><strong>REMEMBER<\/strong>- <strong>Iraq wants to ramp up its solar energy generation:<\/strong> Iraq wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba8eda2d-277a-4ae1-90a0-5024f8065980\">produce 5<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba8eda2d-277a-4ae1-90a0-5024f8065980\">GW of solar power<\/a> in 2023. The country signed solar power agreements over the past two years with several companies, lining up a total generation capacity of 7.5 GW.<\/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\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77764\" 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=\"77764\">\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\">Coffee With\u2026<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/\">\r\n                            RedSea co-founder Derya Baran talks sustainable food tech, future outlook                        <\/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\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/\" 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\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/')\">\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\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/\">\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=RedSea co-founder Derya Baran talks sustainable food tech, future outlook&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/\">\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\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/&title=RedSea co-founder Derya Baran talks sustainable food tech, future outlook\">\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=RedSea+co-founder+Derya+Baran+talks+sustainable+food+tech%2C+future+outlook+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F01%2Fredsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook%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\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1343.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77765\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/redsea-co-founder-derya-baran-talks-sustainable-food-tech-future-outlook\/1343-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1343.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1343.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1343.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1343.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77764\" class=\"content-area-description single-story post-77764 post type-post status-publish format-standard has-post-thumbnail hentry category-coffee-with-2 tag-coffee-with-5 tag-derya-baran tag-enterpriseclimate tag-gcc tag-kaust tag-red-sea-farms tag-sustainability wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Coffee with: Derya Baran, co-founder and chief engineer at RedSea:<\/strong> Baran (<a href=\"https:\/\/www.linkedin.com\/in\/derya-baran-bb97711a\/?originalSubdomain=sa\">LinkedIn<\/a>) is the chief engineer of agricultural technology startup <a href=\"https:\/\/www.redsea.ag\/\">RedSea<\/a> and a professor at King Abdullah University of Science and Technology (<a href=\"https:\/\/www.kaust.edu.sa\/\">Kaust<\/a>). Her work is driven by the theory that local and fresh food can be a feasible reality for over 1 bn people living in desert areas if the right sustainable resources are used.<\/p>\n<p>We sat down with Baran to discuss how RedSea emerged as an agritech player, how its technology works, and their outlook and priorities in the future in the GCC and beyond.<\/p>\n<p><strong>Edited excerpts from our conversation follow: <\/strong><\/p>\n<p><strong>Enterprise:<\/strong> Tell us about RedSea and its affiliation with Kaust.<\/p>\n<p><strong>Derya Baran<\/strong>: RedSea was founded in 2018 with a mission to use technology to help feed the world sustainably by designing, developing, and delivering one of the world\u2019s most advanced sustainable hot climate agtech platforms. The company is a university spin out from Kaust in Saudi Arabia, where I am a professor of Material Science.<\/p>\n<p>We are currently focused on regional and global expansion and <a href=\"https:\/\/igrownews.com\/redsea-awarded-davidson-prize-makes-first-us-sale\/\">completed our first tech sale<\/a> in the United States last March - providing our Iyris Heat-Blocking roof to a Florida-based nursery. We plan to commercialize additional technologies, scale operations, and deliver these innovations to farmers in hot climates globally.<\/p>\n<p><strong>E<\/strong>: How does the tech work?<\/p>\n<p><strong>DB<\/strong>: Agriculture is one of the most resource-intensive human activities on the planet with over 70% of global freshwater used to grow food. We take a systems-based approach to sustainable agriculture. Our proprietary technologies span from the crop roots all the way up to the greenhouse roof to enable sustainable farming in hot climates.The crops currently grown by Red Sea Farms \u2014 our produce brand exclusively available in Saudi Arabia \u2014 include snack peppers, tomatoes, cucumbers, and strawberries. However, our technologies are crop-agnostic.<\/p>\n<p>For example, one of RedSea\u2019s leading proprietary technologies is<a href=\"https:\/\/iyris.ag\/\">iyris \u2014 a heat-blocking greenhouse roof<\/a>. This controlled environment agriculture solution blocks a portion of near infrared solar radiation and allows photosynthetic active radiation \u2014 the light needed for photosynthesis \u2014 to pass through, which reduces heat build-up in the greenhouse and significantly reduces cooling demands. This technology saves significant amounts of energy and water and extends the growing season in hot climates \u2014 recent tests in Saudi Arabia, showed over 40% reduction in energy usage and water consumption.<\/p>\n<p><strong>E:<\/strong> You also have an energy-efficient cooling system. How does that work?<\/p>\n<p><strong>DB<\/strong>: Our approach to cooling includes both active and passive cooling systems which can be used as a full stack for maximum energy savings or in isolation. On the active cooling side, our universal evaporative cooling system can run on low-quality, salty water with no desalination needed and no change in infrastructure. Additionally, our deep water culture decreases the load on the cooling system, especially during the heat of the summer through consistent oxygenation of the irrigation water. On the passive cooling side, the iyris greenhouse roof acts as a transparent heat shield, blocking excess heat from entering the greenhouse to save energy and control opex.<\/p>\n<p><strong>E<\/strong>: You say that the system is climate independent. Is your growing method adaptable to different climates?<\/p>\n<p><strong>DB<\/strong>: Farmers growing food in hot climates face many similar challenges. The most obvious challenge is the heat itself. Certain plants will not grow properly or may die completely from the effects of heat damage. Other challenges faced in hot climates often include water scarcity, water salinity, and drought.<\/p>\n<p>If we can deliver technology for growing good quality fruits, greens, and vegetables in hot climates such as the Arabian Peninsula \u2014 where fresh water is scarce \u2014 then the processes can be replicated in similar harsh and hot environments around the world.<\/p>\n<p><strong>E<\/strong>: What kind of research are you doing to advance agriculture in arid and semi-arid climates?<\/p>\n<p><strong>DB<\/strong>: We have a research and development facility in Kaust where we trial new technologies and crop varieties. Once we are happy with the quality, we then deploy in our Riyadh commercial facility. Part of my job is to review new technologies from the ideation phase up to the prototyping phase to determine the technology\u2019s impact and what might benefit the company commercially.<\/p>\n<p>We have <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/redsea-commissions-award-winning-desert-greenhouse-facility-in-abu-dhabi-pos4gy64\">also launched<\/a>a one-hectare commercial greenhouse facility in Abu Dhabi. The facility directly compares, side-by-side, our roots to roof technology with other technologies currently being used in the GCC.<\/p>\n<p><strong>E<\/strong>: How is RedSea funded?<\/p>\n<p><strong>DB<\/strong>: We have raised <a href=\"https:\/\/www.wamda.com\/2022\/04\/red-sea-farms-raises-additional-18-5-million-fuel-expansion-plans\">over USD 37 mn<\/a> to date from our global cohort of investors who include Wa\u2019ed, FII, Kaust, RPDC, Savola, Global Ventures, US-based entities AppHarvest, Bonaventure, and UbbenOlsen. We also received <a href=\"https:\/\/www.business.hsbc.com\/en-gb\/insights\/sustainability\/redsea\">a HSBC Green Loan<\/a>to help fund the building and operations of our new greenhouse facility in Abu Dhabi, which was commissioned in March.<\/p>\n<p><strong>E:<\/strong> How have the company\u2019s priorities shifted over time?<\/p>\n<p><strong>DB:<\/strong> Our core mission has always been to design technologies that will help to feed the world sustainably. Our current priorities have shifted from not only using our technology to enable Red Sea Farms to grow produce, but also to selling our technology to growers in hot climates globally.<\/p>\n<p>The global agtech market is forecasted to grow to USD 7.4 bn by 2030. The next three to five years will be focused on continuing our expansion. Currently, our technology is being used by growers in seven countries, including Spain, Egypt, and Turkey.<\/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\/coffee-with-5\/\">COFFEE WITH\u2026<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/derya-baran\/\">Derya Baran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kaust\/\">KAUST<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/red-sea-farms\/\">Red Sea Farms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainability\/\">sustainability<\/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=\"77766\" 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=\"77766\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/egypt-ramps-up-waste-management-collaborations-with-italy-and-oman-explores-green-partnerships-with-iran-and-china\/\">\r\n                            Egypt ramps up waste management collaborations with Italy and Oman explores green partnerships with Iran and China                        <\/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\/06\/01\/egypt-ramps-up-waste-management-collaborations-with-italy-and-oman-explores-green-partnerships-with-iran-and-china\/\" 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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They also discussed cooperation in biodiesel production through recycling cooking oil and recycling agricultural waste, with Fouad highlighting that the sector is a promising investment opportunity given that the country produces 42 mn tons of agricultural waste annually. Quaroni expressed his country\u2019s interest in managing Egypt\u2019s agricultural waste as a key source of biofuels through several specialized Italian companies.<\/p>\n<p><strong>And there\u2019s more:<\/strong> Fouad also presented opportunities in solid waste, highlighting efforts by the government to implement a new system for managing the sector including the issuance of a new law for waste management and several private sector green incentives. They also discussed cooperation in recycling packaging waste, with Fouad expressing interest in becoming familiarized with Italian technology that could provide alternatives to the use of plastics in packaging.<\/p>\n<p><strong>ALSO-<\/strong> <strong>Egypt and Palestine are looking to expand renewables cooperation:<\/strong> Egypt\u2019s Electricity Minister Mohamed Shaker met with President of the Palestinian Energy and Natural Resources Authority Dhafer Melhem to discuss expanding cooperation in renewable energy projects, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid037oqtoTvLUFCYdZ4CokqsTxZpcCeP3DUCHfvB1qAD1xWFUpvX1uHidAm8nARw6Ddil\">statement<\/a>. Melhem expressed interest in exchanging technical knowledge in renewables, and said that the authority is examining the requirements for resuming the transmission of energy through the <a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/20\/egypt-saudi-electricity-interconnection-finally-has-a-timeline-84594\/\">existing interconnection<\/a> between the two countries.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>Oman and Iran talk energy, minerals:<\/strong> Omani Energy and Minerals Minister Salem Al-Awfi met with the Iranian Oil Minister Javad Oji to discuss cooperation in energy and minerals, <a href=\"https:\/\/www.independentarabia.com\/node\/457281\/%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9\/%D8%AA%D9%82%D8%A7%D8%B1%D9%8A%D8%B1\/%D8%B3%D9%84%D8%B7%D8%A7%D9%86-%D8%B9%D9%85%D8%A7%D9%86-%D9%8A%D8%B9%D9%88%D8%AF-%D9%85%D9%86-%D8%B7%D9%87%D8%B1%D8%A7%D9%86-%D8%A8%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%88%D8%AA%D8%AD%D8%B3%D9%8A%D9%86-%D8%B9%D9%84%D8%A7%D9%82%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86\">Asharq Business<\/a> reports. The meeting took place during a visit by Sultan of Oman Haitham bin Tarik to Tehran this week, where the two countries <a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/94bbbb8b-b2a7-4727-85dd-8d3d9721edf5\">inked four agreements<\/a> to boost cooperation in investment, freezones, and energy. The energy agreements signed were \u201cthe most prominent,\u201d given Oman\u2019s recent prioritization of hydrogen and renewable energy production,according to economist and head of investments at the Oman National Investments Development Company (<a href=\"https:\/\/www.tanmia.om\/\">Tanmia<\/a>) Ahmed Kashoub told Asharq.<\/p>\n<p><strong>Oman also met with China to discuss minerals + renewables:<\/strong> Undersecretary of Oman\u2019s Energy and Minerals Ministry Mohsin bin Hamad Al Hadrami met with a delegation of China\u2019s National Development and Reform Commission to discuss economic partnership opportunities in the minerals sector, as well as exploring pathways to utilizing Chinese tech and expertise to localize renewables and green hydrogen-related infrastructure in the sultanate, <a href=\"https:\/\/timesofoman.com\/article\/131573-oman-and-china-explore-investment-opportunities-in-energy-minerals-sectors\">Times of Oman<\/a> reports.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iran\/\">Iran<\/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\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/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=\"77768\" 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=\"77768\">\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\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/\">\r\n                            The IFC appoints Abdullah Jefri as its GCC Senior Manager                        <\/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\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/\" 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\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/')\">\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\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The IFC appoints Abdullah Jefri as its GCC Senior Manager&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/\">\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\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/&title=The IFC appoints Abdullah Jefri as its GCC Senior Manager\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+IFC+appoints+Abdullah+Jefri+as+its+GCC+Senior+Manager+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F01%2Fthe-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager%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\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1345.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77769\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/the-ifc-appoints-abdullah-jefri-as-its-gcc-senior-manager\/1345-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1345.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1345.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1345.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1345.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77768\" class=\"content-area-description single-story post-77768 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-climate-change tag-enterpriseclimate tag-gcc tag-green-finance tag-ifc tag-iraq tag-jordan tag-moves tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The IFC appoints new senior management for the GCC:<\/strong> The International Finance Corporation (IFC) has appointed Abdullah Jefri (<a href=\"https:\/\/jo.linkedin.com\/in\/jefri\/ar\">LinkedIn<\/a>) as its new Senior Manager for the Gulf Cooperation Council (GCC) region, according to a <a href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=27564\">statement<\/a>. Jefri, who will be based in Dubai, will promote private and public sector partnerships in a bid to reduce the GCC\u2019s dependency on fossil fuels while accelerating the adoption of green tech solutions, the statement notes. Before his appointment, Jefri was the IFC\u2019s regional manager for the Levant, where his responsibilities included overseeing the launch of Jordan\u2019s first green bond and providing support for sustainable infrastructure projects in Iraq.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gcc\/\">GCC<\/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\/ifc\/\">IFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77770\" 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=\"77770\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/\">\r\n                            Etihad Airways winds Environmental Airline of the Year from industry mag Airline Ratings                        <\/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\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/\" 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\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/')\">\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\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/\">\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=Etihad Airways winds Environmental Airline of the Year from industry mag Airline Ratings&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/\">\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\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/&title=Etihad Airways winds Environmental Airline of the Year from industry mag Airline Ratings\">\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=Etihad+Airways+winds+Environmental+Airline+of+the+Year+from+industry+mag+Airline+Ratings+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F01%2Fetihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings%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\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/4200.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77771\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/etihad-airways-winds-environmental-airline-of-the-year-from-industry-mag-airline-ratings\/4200-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/4200.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"4200.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/4200.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/4200.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77770\" class=\"content-area-description single-story post-77770 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-aviation tag-enterpriseclimate tag-kudos tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>UAE\u2019s Etihad Airways was awarded the Environmental Airline of the Year 2023 by <\/strong><strong>aviation news outlet <\/strong><strong><a href=\"https:\/\/www.airlineratings.com\">Airline Ratings<\/a><\/strong>, according to the <a href=\"https:\/\/www.airlineratings.com\/news\/etihad-environmental-airline-of-the-year-2023\/\">statement<\/a>. Airline Ratings Editor-in-Chief Geoffrey Thomas pointed to the launch of Etihad Airways\u2019 first SAF-fueled flight, the Boeing 787 \u2014 also known as the Greenliner \u2014 and the fuel efficient A350 aircraft developed in partnership with Airbus, as examples of the airline\u2019s efforts in reducing emissions.<\/p>\n<p><strong>Etihad has reached its target for emission intensity reduction:<\/strong> The UAE airline\u2019s Sustainability Report 2021-2022 set a target to reduce carbon intensity in its passenger fleet by 20% within 2 years, the news outlet reported. The CO2 emitted per revenue ton kilometer \u2014 the metric used to calculate emissions intensity \u2014 has already <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5f0216f8-f9f0-4aae-98d3-c4590e280a34\">decreased by 26%<\/a>, Group Chief Executive Officer at Etihad Aviation Group Antonoaldo Neves said. Etihad Airlines also has a target of reducing net emissions by 50% compared to a 2019 baseline by 2035, and reaching net-zero emissions by 2050.<\/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\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77772\" 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=\"77772\">\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\/06\/01\/egypts-kom-ombo-solar-farm-is-getting-pv-modules-from-longi-and-six-green-projects-graduate-from-egypts-uk-backed-climate-finance-accelerator-program\/\">\r\n                            Egypt\u2019s Kom Ombo solar farm is getting PV modules from LONGi and six green projects graduate from Egypt\u2019s UK-backed Climate Finance Accelerator program                        <\/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\/06\/01\/egypts-kom-ombo-solar-farm-is-getting-pv-modules-from-longi-and-six-green-projects-graduate-from-egypts-uk-backed-climate-finance-accelerator-program\/\" 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=\"#\" 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modules from LONGi and six green projects graduate from Egypt\u2019s UK-backed Climate Finance Accelerator program\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+Kom+Ombo+solar+farm+is+getting+PV+modules+from+LONGi+and+six+green+projects+graduate+from+Egypt%E2%80%99s+UK-backed+Climate+Finance+Accelerator+program+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F01%2Fegypts-kom-ombo-solar-farm-is-getting-pv-modules-from-longi-and-six-green-projects-graduate-from-egypts-uk-backed-climate-finance-accelerator-program%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\/06\/01\/egypts-kom-ombo-solar-farm-is-getting-pv-modules-from-longi-and-six-green-projects-graduate-from-egypts-uk-backed-climate-finance-accelerator-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1346.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77773\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/egypts-kom-ombo-solar-farm-is-getting-pv-modules-from-longi-and-six-green-projects-graduate-from-egypts-uk-backed-climate-finance-accelerator-program\/1346-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1346.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1346.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1346.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1346.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77772\" class=\"content-area-description single-story post-77772 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-china tag-egypt tag-enterpriseclimate tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>PV modules secured for Egypt\u2019s 200 MW Kom Ombo solar farm:<\/strong> China\u2019s power plant and renewables construction company Zhejiang Thermal Power Construction has signed an agreement with China-based PV manufacturer <a href=\"https:\/\/www.longi.com\/en\/\">LONGi<\/a> to provide PV modules for its 200 MW Kom Ombo solar farm in Egypt, <a href=\"https:\/\/www.eqmagpro.com\/zhejiang-thermal-power-and-longi-solar-ink-the-module-supply-for-komombo-200-mwac-project-in-egypt-eq-mag\/\">EQ International<\/a> reports. No financial details were disclosed.<\/p>\n<p><strong>REMEMBER-<\/strong> Saudi renewables giant Acwa Power is developing the USD 165 mn solar farm, and has <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2e9b07ee-ebee-43bc-8cd5-34f504462f6b\">secured USD 123 mn<\/a> in green loans from several multilateral lenders. The solar farm is expected to be commercially operational in 3Q 2024 and will power some 130k households in Egypt.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Six green projects participating in the Climate Finance Accelerator (CFA) <\/strong><strong>graduated from the UK-backed financial accelerator program in Egypt<\/strong>, according to a <a href=\"https:\/\/ent.news\/2023\/5\/1948.pdf\">press release (pdf)<\/a>. The projects were presented to local and international investors at an event hosted by the British Embassy yesterday for feedback on how to strengthen their project proposals. The six projects have received months of tailored support and analysis from a financial and technical perspective to enable investments, the statement notes. Eight projects were initially <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/002ee2cb-c73a-4206-a217-7832c9149f49\">selected<\/a> in January, in addition to one-off capacity building support to the <a href=\"https:\/\/www.climateresiliencefund.org\/\">Climate Resilience Fund<\/a>.<\/p>\n<p><strong>The six initiatives presented: <\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.aldawara.com\/\">Al Dawara<\/a> for plant-based single-use products.<\/li>\n<li><a href=\"https:\/\/farmtopia.farm\/\">Farmtopia<\/a> for AI use in irrigation.<\/li>\n<li><a href=\"https:\/\/irs-c.com\/about-us\/\">IRSC Renewable Energy Solutions<\/a> for agricultural and financial support to small-scale farmers.<\/li>\n<li><a href=\"https:\/\/www.renile.net\/\">ReNile<\/a> for advanced monitoring technologies to promote precision farming.<\/li>\n<li><a href=\"https:\/\/www.facebook.com\/TileGreenMaterials\/\">Tile Green<\/a> for eco-friendly building materials from plastic waste.<\/li>\n<li><a href=\"https:\/\/zr3i.com\/ar\/about_zr3i\">Zr3i<\/a>, a digital agriculture platform focused on precision farming.<\/li>\n<\/ul>\n<p><strong>About the CFA:<\/strong> <a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/05\/this-morning-just-a-few-short-hours-until-the-long-weekend-83013\/\">Announced prior to COP27<\/a> in November, the CFA is a GPB 11.8 mn technical assistance program funded by the UK Energy Department\u2019s <a href=\"https:\/\/www.gov.uk\/guidance\/international-climate-finance\">International Climate Finance<\/a> (ICF) initiative as part of the UK's efforts to support climate action on a global scale under the Paris Agreement. The program supports governments in the development of a sustainable pipeline of bankable, low carbon projects in nine countries: Colombia, Egypt, Mexico, Nigeria, Pakistan, Peru, South Africa, Vietnam and Turkey.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>French solar energy provider <\/strong><strong><a href=\"https:\/\/www.edfenr.com\/\">EDF ENR<\/a><\/strong> has established a <strong>new subsidiary<\/strong> in <strong>Tunisia<\/strong> to help support <strong>industrial decarbonisation<\/strong>. (<a href=\"https:\/\/www.tap.info.tn\/ar\/%D9%88%D9%8A%D8%A8-%D8%B3%D9%8A%D8%AA-%D8%A5%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-Portal-Economy\/16324641-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%81%D8%B1%D9%86%D8%B3%D8%A7\">TAP<\/a>)<\/li>\n<li><strong>UAE<\/strong> waste management company<strong> Beeah Group <\/strong>has signed a non-binding partnership agreement with the <strong>International Solid Waste Association <\/strong>and management consultancy firm <strong>Roland Berger <\/strong>to develop a <strong>global standard for waste recycling<\/strong>. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303163986\">WAM<\/a>)<\/li>\n<li><strong>Qatar Airways<\/strong> has signed a deal with Shell to source <strong>3k metric tons of sustainable <\/strong><strong>aviation fuel<\/strong> at Amsterdam Schiphol airport. (<a href=\"https:\/\/www.qatarairways.com\/press-releases\/en-WW\/226578-qatar-airways-signs-deal-with-shell-for-sustainable-aviation-fuel-supply-at-amsterdam-schiphol-airport\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77774\" 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=\"77774\">\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\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/\">\r\n                            Hong Kong is lining up green bonds totaling between USD 4-6 bn                        <\/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\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/\" 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\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/')\">\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\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/\">\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=Hong Kong is lining up green bonds totaling between USD 4-6 bn&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/\">\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\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/&title=Hong Kong is lining up green bonds totaling between USD 4-6 bn\">\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=Hong+Kong+is+lining+up+green+bonds+totaling+between+USD+4-6+bn+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F01%2Fhong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn%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\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/771.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77775\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/01\/hong-kong-is-lining-up-green-bonds-totaling-between-usd-4-6-bn\/771-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/771.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"771.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/771.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/771.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77774\" class=\"content-area-description single-story post-77774 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-china tag-enterpriseclimate tag-green-bonds tag-hong-kong 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>The government of Hong Kong (HK) is planning to raise between USD 4- 6 bn from <\/strong><strong>a fresh, multi-currency-denominated green bond issuance<\/strong>, <a href=\"http:\/\/reuters.com\/article\/hong-kong-green-bonds\/update-1-hong-kong-launches-dollar-green-bond-deal-term-sheet-idUSL1N37S04P\">Reuters<\/a> reports referencing two sources with knowledge of the matter. The timeline of the issuance and the stock exchange where the green note would be listed were not disclosed.<\/p>\n<p><strong>The details:<\/strong> The green note \u2014- which the news outlet quotes the Hong Kong Monetary Authority on for the relevant details \u2014- would be \u201cannounced in due course\u201d and would have a three, five or 10-year maturity date. The newswire notes investor demand for the HK government\u2019s USD-dominated tranche totaled USD 9 bn, referencing intel from bookrunners\u2019 statements. A separate term sheet reviewed by Reuters notes the HK government is simultaneously looking to issue a separate RMB-denominated bond with two, five and 10-year tenors. The state is also looking to issue another green bond in the EU debt market, but the details are set to be revealed later on Wednesday, according to Reuters.<\/p>\n<p><strong>Not HK\u2019s first green bond rodeo:<\/strong> The agreement \u2014 which the state has yet to pull the trigger on \u2014 would be the second green issuance carried out by the country this year after HK raked in some USD 5.7 in green bonds earlier in January, the newswire notes.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>China<\/strong>, the world's biggest source of <strong>greenhouse gas emissions<\/strong>, needs USD 38 tn to meet its <strong>zero emissions <\/strong>target by mid-2050. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-30\/top-emitter-china-needs-38-trillion-to-hit-climate-goals-early\">Bloomberg<\/a>)<\/li>\n<li><strong>A class action lawsuit <\/strong>has been filed against<strong> Delta Airlines <\/strong>for allegedly <strong>failing <\/strong>to meet its advertised <strong>net-zero operations claim.<\/strong> (<a href=\"https:\/\/www.reuters.com\/legal\/delta-air-lines-faces-proposed-us-class-action-over-carbon-neutral-claims-2023-05-30\/\">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\/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\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hong-kong\/\">Hong Kong<\/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=\"77776\" 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\/06\/01\/77776\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77776\" class=\"content-area-description single-story post-77776 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>30 May-2 June (Tuesday-Friday): <a href=\"https:\/\/wcef2023.com\/\">World Circular Economy Forum 2023<\/a>, Helsinki, Finland.<\/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>11-12 June (Sunday-Monday): <a href=\"https:\/\/www.arabchinaconference.com\/en\/\">Arab-Chinese Business Conference<\/a>, Riyadh, Saudi Arabia.<\/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>22-23 June (Thursday-Friday) The UN\u2019s <a href=\"https:\/\/climatechampions.unfccc.int\/event\/summit-for-a-new-global-financing-pact\/\">Summit for a New Global Financing Pact<\/a>, Paris, France.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>3-7 July (Monday-Friday): <a href=\"https:\/\/aic2023.geo.unibuc.ro\/en\/\">The 36th Conference of the International Association of Climatology<\/a>, Bucharest, Romania.<\/p>\n<p>22-23 July (Saturday-Sunday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Second COP27 transitional committee workshop<\/a>, Bangkok, Thailand.<\/p>\n<p>TBD: <a href=\"https:\/\/www.facebook.com\/EGY.Environment\/posts\/pfbid02AYrL9tbYtkBKjqFzfhVFqssS5ZazH3KNVfq1awDFEEPuszMVK6Ytkg2WzUVisy4fl\">Egypt\u2019s post-COP27 Environmental and Climate Investment Forum<\/a>, hosted by Egypt, Switzerland and UNIDO.<\/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>28 September (Thursday):<a href=\"https:\/\/www.iea.org\/news\/first-ever-iea-critical-minerals-and-clean-energy-summit-to-take-place-on-28-september\">International Energy Agency Critical Minerals and Clean Energy Summit<\/a>, Paris, France.<\/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>Egypt set to <a href=\"https:\/\/bit.ly\/3MTNCjG\">launch alliance<\/a> to shore up climate financing in developing countries<\/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>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":77756,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77755","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e47fd1b8-1c1f-47c9-b340-d0f9112be503","teaser":"","photo_url":"https:\/\/ent.news\/2020\/10\/38.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>Taqa, Engie, and EWEC achieve financial close for AED 2.3 bn \u201clow-carbon\u201d desalination plant - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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