{"id":78569,"date":"2023-07-24T01:00:45","date_gmt":"2023-07-24T01:00:45","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78569"},"modified":"2025-12-15T09:16:52","modified_gmt":"2025-12-15T09:16:52","slug":"g20-energy-ministers-fail-to-reach-consensus-on-fossil-fuels-phasedown","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/g20-energy-ministers-fail-to-reach-consensus-on-fossil-fuels-phasedown\/","title":{"rendered":"G20 energy ministers fail to reach consensus on fossil fuels phasedown"},"content":{"rendered":"<section id=\"78571\" 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=\"78571\">\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\/07\/24\/today-g20-energy-ministers-fail-to-reach-consensus-on-fossil-fuels-phasedown-oman-ksa-move-forward-on-green-hydrogen-ambitions\/\">\r\n                            TODAY: G20 energy ministers fail to reach consensus on fossil fuels phasedown + Oman, KSA move forward on green hydrogen ambitions                        <\/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\/07\/24\/today-g20-energy-ministers-fail-to-reach-consensus-on-fossil-fuels-phasedown-oman-ksa-move-forward-on-green-hydrogen-ambitions\/\" 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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USD 487.8 mn loan from Indian infrastructure financial institution REC Limited for its the green hydrogen and ammonia project it is building with Norway\u2019s Scatec in Oman. In the KSA, Saudi sovereign wealth fund the Public Investment Fund signed an MoU with Japanese power generation company Jera to explore opportunities in the production of green hydrogen and its derivatives in the kingdom.<\/p>\n<p><strong>^^ We have more details on these stories and more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong>There\u2019s no single climate story dominating international headlines this morning, but a failure by G20 nations to reach consensus on a fossil fuels phasedown continued to get coverage by international press over the weekend as they highlighted the shortfall on climate action ahead of COP28. <strong>We have all the details on this story in the news well, below.<\/strong><\/p>\n<p><strong>The G20 meeting got coverage over the weekend from<\/strong>: <a href=\"https:\/\/www.reuters.com\/business\/energy\/g20-draft-tweaked-reflect-dissent-cutting-unabated-fossil-fuels-2023-07-22\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-22\/g20-ministers-fail-to-reach-consensus-on-fossil-fuels-russia\">Bloomberg<\/a> | <a href=\"https:\/\/www.scmp.com\/economy\/global-economy\/article\/3228628\/g20-energy-ministers-fail-agree-road-map-ending-use-fossil-fuels\">AFP<\/a> | <a href=\"https:\/\/www.ft.com\/content\/fd30b0d2-2990-4531-9ed3-e91db0f4e47e\">The Financial Times<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2023\/jul\/22\/g20-countries-fail-to-reach-agreement-on-cutting-fossil-fuels\">The Guardian<\/a><\/p>\n<p><strong>ALSO- Greece\u2019s raging wildfires force mass evacuations:<\/strong> Some 19k people were evacuated from parts of Greek island of Rhodes on Sunday on the back of wildfires caused by soaring record temperatures in southern Europe, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-23\/greek-wildfires-force-evacuation-of-19-000-from-island-of-rhodes?srnd=green\">Bloomberg<\/a> reported. Around 16k tourists and locals were evacuated by land while 3k people were evacuated by sea in what is described as the largest evacuation caused by a wildfire in the country\u2019s history.<\/p>\n<p><strong>The evacuation got coverage from <\/strong><a href=\"https:\/\/www.reuters.com\/world\/europe\/tourists-flee-greek-island-rhodes-wildfire-thousands-evacuated-2023-07-23\/\">Reuters<\/a>, <a href=\"https:\/\/www.france24.com\/en\/europe\/20230723-tens-of-thousands-moved-to-safety-on-greek-island-of-rhodes-as-wildfires-rage\">AFP<\/a>, <a href=\"https:\/\/www.theguardian.com\/world\/2023\/jul\/23\/british-tourists-tell-of-nightmare-in-rhodes-fires-greece\">The Guardian<\/a>, and <a href=\"https:\/\/edition.cnn.com\/2023\/07\/22\/europe\/greece-record-breaking-heat-wave-climate-intl\/index.html\">CNN<\/a>.<\/p>\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo.<\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.<\/p>\n<p><strong><a href=\"https:\/\/finance.enterprise.news\/\">TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon.<\/p>\n<p><strong>Do you want to become a commercial partner?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\">this form<\/a> and we\u2019ll be in touch.<\/p>\n<hr class=\"grey-line\">\n<p><strong>DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong><strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\">Tune in to the Enterprise Podcast and listen for yourself<\/a><\/strong><strong>:<\/strong> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.<\/p>\n<p><strong>WANT TO LISTEN? Head to: <\/strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/how-to-become-part-of-a-multinationals-supply-chain\/id1617987136?i=1000622000939\">Apple Podcast<\/a> | <a href=\"https:\/\/open.spotify.com\/episode\/57zbwQADGdOo5cMf37jSzM\">Spotify<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/MDUwOTc0ZGUtZGViOS00Zjc4LTliZGQtYjA0NzAxMGExMTUw?sa=X&ved=0CAUQkfYCahcKEwjA4YO_qKWAAxUAAAAAHQAAAAAQAQ\">Google Podcast<\/a> | <a href=\"https:\/\/play.anghami.com\/episode\/1118757834\">Anghami<\/a><strong>. We\u2019re releasing a new episode every Sunday morning.<\/strong><\/p>\n<p><strong>IN THIS WEEK\u2019S EPISODE- <\/strong>We ask some of the biggest multinationals and suppliers operating here \u2014 namely, in logistics, e-commerce, and FMCG \u2014 what it is they\u2019re looking for in a local partner, product or service and what are some of the pain points they\u2019ve had to deal with. We were joined on that panel by <strong>Khaled Morsy<\/strong>, CEO of DB Schenker Egypt,<strong> Omar Elsahy<\/strong>, General Manager at Amazon Egypt, <strong>Tarek Kame<\/strong>l, Chairman and CEO of Nestl\u00e9 Egypt and Sudan.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>OVER IN COPLAND- Al Jaber wants more countries signing up to <\/strong><strong>Global Cooling <\/strong><strong>Pledge: <\/strong>COP28 President Designate Sultan Al Jaber has called on more nations to join a pledge aimed at delivering more sustainable cooling solutions globally, according to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/cop28-president-calls-on-all-countries-to-join-global-cooling-pledge-in-the-lead-up-to-cop28-301883570.html\">statement<\/a>. \u201cWe cannot expand cooling on a business-as-usual basis. Without strong policy action, emissions from the sector will rise between 7 to 10 percent from today. To solve this dilemma, we need a rapid transition to energy-efficient and climate-friendly cooling,\u201d Al Jaber said on the sidelines of the 14th Clean Energy Ministerial alongside the G20 Energy Transitions Ministerial Meeting. \u201cIn a warming world, sustainable cooling is critical for reducing GHG emissions, protecting against heat stress, enabling productivity, reducing food loss, and enhancing access to healthcare,\u201d he added.<\/p>\n<p><strong>About the pledge:<\/strong> The Global Cooling Pledge is a <a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/partners-announce-new-ambition-sustainable-cooling-cop28\">partnership announced<\/a> between the COP28 Presidency and the United Nations Environment Program (UNEP) in January. It aims to provide incentives to governments and other stakeholders to focus on sustainable cooling in five areas, including nature-based solutions, super-efficient appliances, and district cooling.<\/p>\n<p><strong>IN OTHER COP NEWS- Stay tuned for close collaboration between COP28, IEA:<\/strong> The COP28 Presidency and the International Energy Agency (IEA) convened the first of high-level dialogues aimed at building consensus over a 1.5\u00b0C aligned energy transition, <a href=\"https:\/\/wam.ae\/en\/details\/1395303179542\">Wam<\/a> reported on Saturday. The dialogues aimed to achieve agreement on a 1.5\u00b0C energy transition course and to create an enabling environment to achieve them. It also aims to build up momentum for the targeted energy outcomes for COP28.<\/p>\n<p><strong>AND- Trade will get special attention at this year\u2019s summit:<\/strong> International trade will be given prominence during COP28 for the first time later this year, according to a <a href=\"https:\/\/www.wto.org\/english\/news_e\/news23_e\/envir_20jul23_e.htm\">statement<\/a> by the World Trade Organization (WTO) last week. The WTO Secretariat is invited by the UAE Economy Ministry and the UAE Climate Change Special Envoy\u2019s Office to co-lead the COP28 Presidency Committee on trade, bringing together the The United Nations Conference on Trade and Development, the International Chamber of Commerce, the World Economic Forum, and the Abu Dhabi Department of Economic Development to help outline discussions on trade during the program. It will be subject to a dedicated day set for 4 December under the COP28 Presidency Thematic Program.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #1- Oman\u2019s sovereign wealth fund bets big on an Italian firm\u2019s <\/strong><strong>renewable energy storage: <\/strong><a href=\"http:\/\/ido.om\/\">Innovation Development Oman Investments<\/a> (IDO), the venture capital arm of Oman\u2019s sovereign wealth fund, was named among new investors in Italian battery startup Energy Dome\u2019s technologies, according to a <a href=\"https:\/\/energydome.com\/energy-dome-expands-oversubscribed-series-b-financing-round-totalling-eur-55-million-usd-60m\/\">statement<\/a> released on Thursday. The size of IDO\u2019s investment was not disclosed. The announcement comes as Energy Dome closed the second tranche of its series B funding, bringing the overall round to a total of EUR 55 mn (c. USD 60 mn). Other new investors include Dutch oil and chemicals storage firm Royal Vopak\u2019s corporate capital arm Vopak Ventures and investors representing impact advisory firm Sagana.<\/p>\n<p><strong>About the tech: <\/strong>Energy Dome\u2019s technology includes the trademarked CO2 Battery, a long-duration energy storage system that focuses on turning CO2 gas into a liquid and vice versa, the statement notes. The method does not rely on strategic raw materials, needing no need for minerals, including lithium and copper, that are currently central to much clean technology, <a href=\"https:\/\/www.reuters.com\/business\/energy\/oman-fund-invests-italian-lithium-free-energy-storage-2023-07-20\/\">Reuters<\/a> reports.<\/p>\n<p><strong>More to come? <\/strong>The Milan-based firm also signed a MoU with Oman\u2019s sovereign wealth fund to \u201cexplore potential areas of collaboration in the Sultanate of Oman,\u201d the statement read, without providing further details on the collaboration.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- World\u2019s first liquified hydrogen carrier arrives in Saudi <\/strong><strong>Arabia: <\/strong>Saudi Arabia\u2019s Energy Minister Abdulaziz bin Salman toured <a href=\"https:\/\/global.kawasaki.com\/https:\/\/global.kawasaki.com\/\">Kawasaki Heavy Industries<\/a>\u2019 liquified hydrogen carrier at the Jeddah Islamic Port last week, the <a href=\"https:\/\/www.saudigazette.com.sa\/article\/634370\/SAUDI-ARABIA\/Saudi-energy-minister-visits-worlds-first-liquefied-hydrogen-carrier-in-Jeddah\">Saudi Gazette<\/a> reported on Thursday. The 116 meter, 19 meters wide ship has a 1.25k cubic meters storage capacity storing hydrogen at -253\u00b0C.<\/p>\n<p><strong>ALSO- KSA will join Clean Energy Ministerial\u2019s Hydrogen Initiativ<\/strong>e: Saudi Arabia is reportedly set to join the multi government <a href=\"https:\/\/www.cleanenergyministerial.org\/initiatives-campaigns\/hydrogen-initiative\/\">Hydrogen Initiative<\/a> spearheaded by India-based clean energy forum <a href=\"https:\/\/www.cleanenergyministerial.org\/\">Clean Energy Ministerial<\/a>, <a href=\"https:\/\/www.nasdaq.com\/articles\/saudi-arabia-to-join-global-hydrogen-trade-forum-minister\">Reuters<\/a> reported on Friday. The initiative aims to connect hydrogen producing and importing countries to discuss international trade of the green fuel.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>WATCH THIS SPACE #3- Dutch emissions laws could be putting green investments <\/strong><strong>at Rotterdam at risk:<\/strong> A strict cap on nitrogen emissions in the Netherlands could put c. EUR 10 bn of green tech and renewables investments at Europe\u2019s biggest port Rotterdam \u201cat risk,\u201d outgoing Rotterdam port CEO Allard Castelein told <a href=\"https:\/\/www.ft.com\/content\/cc024ad9-f9ab-46f8-a212-a5a23b531c0e\">The Financial Times<\/a> in an interview last week. He revealed that permits for developers to emit nitrogen oxides and nitrates during the construction process have become difficult to obtain after a court ruled that the country has breached sustainable emissions levels. \u201cAll these manufacturing sites need to be up and running in the next few years. There is a 2030 climate target. We have no time to lose. We need a long-term solution,\u201d Castelein said.<\/p>\n<p><strong>Why this matters:<\/strong> The issues facing Europe\u2019s biggest port could put a wrench in some regional players\u2019 plans. Those include a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/291cb602-ae45-4b69-af72-274549f91a31\">planned green hydrogen maritime corridor<\/a> by Spanish oil company Cepsa \u2014 which is majority owned by UAE sovereign fund Mubadala. Saudi oil giant Aramco is also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0e9d0144-d27b-4e12-bf51-61df76c4cee9\">one of several energy firms<\/a>mulling the establishment of a large-scale ammonia cracking plant at the port.<\/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>***<\/p>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 5am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>The UK will host the <\/strong><strong><a href=\"https:\/\/www.h2-view.com\/event\/london-hydrogen-africa-green-h2-investment-forum\/\">London Hydrogen-Africa Green H2 Investment Forum<\/a><\/strong><strong> from tomorrow <\/strong><strong>to Wednesday<\/strong> in London. The event will gather green hydrogen developers, investors, and policy makers to discuss challenges, regulatory frameworks, and investments in Africa\u2019s green hydrogen market.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-offsetting\/\">carbon offsetting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    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           <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wto\/\">WTO<\/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=\"78573\" 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=\"78574\" 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=\"78574\">\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\">POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/g20-fail-to-reach-consensus-on-fossil-fuels-phasedown-as-saudi-arabia-blocks-move\/\">\r\n                            G20 fail to reach consensus on fossil fuels phasedown as Saudi Arabia blocks move                        <\/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 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        <\/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\/07\/24\/g20-fail-to-reach-consensus-on-fossil-fuels-phasedown-as-saudi-arabia-blocks-move\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/11.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78575\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/g20-fail-to-reach-consensus-on-fossil-fuels-phasedown-as-saudi-arabia-blocks-move\/11-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/11.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"11.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/11.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/11.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78574\" class=\"content-area-description single-story post-78574 post type-post status-publish format-standard has-post-thumbnail hentry category-policy tag-climate-policy tag-cop28 tag-enterpriseclimate tag-fossil-fuels tag-g20 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>A deadlock on fossil fuels phasedown at G20:<\/strong> A meeting of G20 energy ministers failed to reach consensus on Saturday at the Energy Transitions Ministerial Meeting on a fossil fuels phasedown as several major fossil fuel producing nations led by Saudi Arabia blocked the move, <a href=\"https:\/\/www.ft.com\/content\/fd30b0d2-2990-4531-9ed3-e91db0f4e47e\">the Financial Times<\/a> reported. Talks held in the coastal province of Goa in India were intended to set the tone on energy transition ahead of the G20 meeting next September and the COP28 in December, but the resulting deadlock could be the latest sign of trouble on the use of fossil fuels ahead of a decisive COP28 later this year in the UAE.<\/p>\n<p><strong>What we know:<\/strong> The impasse led to officials only issuing an outcome statement and a chair summary instead of a joint communique which is usually issued when a complete consensus is reached between member countries on all issues. In a summary document released on Saturday, G20 countries said that some member states had stressed on the necessity to scale down the use of fossil fuels without the capture of emissions \u201cin line with different national circumstances,\u201d according to the FT. Yet, others \u201chad different views on the matter,\u201d opting to focus on the development of technology to capture greenhouse gas emissions instead. Two sources told <a href=\"https:\/\/www.reuters.com\/business\/energy\/g20-draft-tweaked-reflect-dissent-cutting-unabated-fossil-fuels-2023-07-22\/\">Reuters<\/a> that officials failed during the four-day meetings to reach agreement over curbing \u201cunabated\u201d use of fossil fuels and disagreed over the language to be used to describe the path to slash emissions.<\/p>\n<p><strong>Saudi Arabia and Russia are culprits:<\/strong> Several people familiar with the talks told the salmon-colored paper that Saudi Arabia led the cluster of countries pushing against the fossil fuel phasedown. Along with Russia, Saudi Arabia also turned down a proposal that would see G20 countries tripling their renewable energy capacity by 2030, <a href=\"https:\/\/www.zawya.com\/en\/world\/indian-sub-continent\/russia-saudi-oppose-g20-proposal-to-triple-green-energy-capacity-lmgb01np\">Reuters<\/a> reported, citing three sources who attended the G20 meeting. They said that China, the world\u2019s biggest greenhouse gas emitter, and coal exporters South Africa and Indonesia also opposed the plan. They added that India, which currently assumes the G20 presidency, took a neutral stance on the topic.<\/p>\n<p><strong>REMEMBER- <\/strong>G20 member nations account for over three-quarters of global emissions and gross domestic product, according to <a href=\"https:\/\/www.oecd.org\/environment\/waste\/OECD-G20-Towards-a-more-Resource-Efficient-and-Circular-Economy.pdf\">official data<\/a>, with a group effort by the bloc for decarbonization decisive in the world\u2019s fight against climate change.<\/p>\n<p><strong>What does this mean for COP28? <\/strong>The failure to reach consensus on a key fossil fuel phasedown sparks worries of a lack of consensus once again on a phaseout of fossil fuels at this year\u2019s summit after top oil producers like Saudi Arabia blocked the effort at COP27 last year. The pushback <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f046a737-0b72-4e0b-bbc2-8190f369fc63\">comes days<\/a> after COP28 President Designate Sultan Al Jaber said that a phasedown of fossil fuels was \u201cinevitable\u201d and \u201cessential\u201d during a climate-focused meeting in Brussels where he unveiled the action plan for the Dubai-hosted climate summit.<\/p>\n<p><strong>We already knew some were not fully on board:<\/strong> COP28 Director-General Majid Al Suwaidi revealed <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f046a737-0b72-4e0b-bbc2-8190f369fc63\">earlier this month<\/a> that there were a large number of countries that are not yet on board. \u201cThere\u2019s a lot of debate over whether a timeline is useful, or even realistic,\u201d Al Suwaidi said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-policy\/\">CLIMATE POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fossil-fuels\/\">fossil fuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/g20\/\">G20<\/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=\"78576\" 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=\"78576\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/indias-acme-group-secures-a-usd-487-8-mn-loan-for-green-hydrogen-project-in-oman\/\">\r\n                            India\u2019s Acme Group secures a USD 487.8 mn loan for green hydrogen project in Oman                        <\/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\/07\/24\/indias-acme-group-secures-a-usd-487-8-mn-loan-for-green-hydrogen-project-in-oman\/\" 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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USD 487.8 mn) loan from Indian infrastructure financial institution <a href=\"https:\/\/recindia.nic.in\/\">REC Limited<\/a> for its the green hydrogen and ammonia project it is building with Norway\u2019s Scatec in Oman, according to a <a href=\"https:\/\/www.acme.in\/media-release\/251\/acme-group-achieved-financial-closure-of-rs-4000-crore-debt-for-the-first-phase-of-green-hydrogen-and-ammonia-project-in-oman-from-rec-\">statement<\/a> released on Friday. The funds will be used to break ground on the first phase of the project in Oman\u2019s Special Economic Zone (SEZ) in Duqm.<\/p>\n<p><strong>About the project: <\/strong>The first phase of the project is expected to produce 100k tons of green ammonia annually. It would then be expanded at later stages to 1.2 mn tons per annum with about 3.5 GW of electrolyzer capacity powered by 5.5 GW from a solar PV plant.<\/p>\n<p><strong>REFRESHER-<\/strong> The project is being executed by the Green Hydrogen and Chemicals Company (GHC), a joint venture between Acme\u2019s UK entity and Norway\u2019s renewables giant Scatec. Last year, Oman\u2019s Public Authority for Special Economic Zones and Free Zones (OPAZ) <a href=\"https:\/\/www.acme.in\/media-release\/161\/signing-land-usufruct-agreement-for-first-green-hydrogen-and-ammonia-project-in-duqm\">signed the land usufruct agreement<\/a> with GHC to develop the first phase of the green hydrogen and ammonia facility.<\/p>\n<p><strong>Acme has other regional projects picking up steam: <\/strong>A group consisting of Egypt\u2019s Suez Canal Economic Zone (SCZone), Orascom, and Elsewedy Electric met with India\u2019s Acme Group in New Delhi <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4bce1e01-8a75-41ab-bfee-c923731bb5a3\">last month<\/a> where they agreed to begin construction soon on a USD 12 bn green hydrogen plant in the SCZone. The plant \u2014 announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ab5ebab-55a1-4a68-97a3-0f02e5b4e147\">back in August 2022<\/a> \u2014 will span 4.5 mn sqm and have an expected initial annual production capacity of 100k tons during the first phase. The plant\u2019s generational capacity will increase to 2.1 mn tons of green hydrogen when fully operational.<\/p>\n<p><strong>It\u2019s been a busy month for Oman:<\/strong> Oman\u2019s state-owned hydrogen company Hydrom signed <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/119c4208-382b-44f0-8738-aa7b495f86bc\">earlier this month<\/a> an agreement with the the Hyport Duqm Consortium \u2014 a JV between DEME Concessions and OQ Alternative Energy \u2014 to build a green hydrogen production facility to produce some 1 mn tons of green ammonia. The signing came days after Hydrom <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cc37caa4-11b7-48c2-8b33-e78b135c2ddc\">awarded last month<\/a> two green hydrogen blocks that are expected to rake in investments exceeding USD 10 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acme-group\/\">Acme Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/duqm\/\">Duqm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78578\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"78578\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/78578\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78578\" class=\"content-area-description single-story post-78578 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78579\" 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=\"78579\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/ksas-pif-and-japans-jera-will-explore-green-hydrogen-production-possibilities\/\">\r\n                            KSA\u2019s PIF and Japan\u2019s Jera will explore green hydrogen production possibilities                        <\/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 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   <\/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\/07\/24\/ksas-pif-and-japans-jera-will-explore-green-hydrogen-production-possibilities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/336.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78580\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/ksas-pif-and-japans-jera-will-explore-green-hydrogen-production-possibilities\/336-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/336.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"336.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/336.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/336.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78579\" class=\"content-area-description single-story post-78579 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-adnoc tag-enterpriseclimate tag-green-hydrogen tag-jera tag-pif tag-saudi-arabia 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-03\"><\/a> <strong>KSA\u2019s PIF and Japan\u2019s Jera partner on green hydrogen production:<\/strong> Saudi sovereign wealth fund the Public Investment Fund (PIF) signed an MoU with Japanese power generation company Jera to explore producing green hydrogen and its derivatives, according to a <a href=\"https:\/\/www.jera.co.jp\/en\/news\/information\/20230720_1568\">statement<\/a> released on Thursday.<\/p>\n<p><strong>The details:<\/strong> Under the agreement, both parties would conduct the necessary feasibility studies for green hydrogen production projects and their derivatives \u2014 which <a href=\"https:\/\/iap.unido.org\/articles\/green-hydrogen-energy-opportunity-decarbonization-and-developing-countries\">could include<\/a> green ammonia, green methanol, and e-fuels \u2014 for both domestic and international markets, the statement notes.<\/p>\n<p><strong>Jera is also building other partnerships in the region: <\/strong>The company signed a strategic collaboration agreement with the UAE\u2019s Adnoc in a bid to increase cooperation in the green hydrogen production sector, according to another <a href=\"https:\/\/www.jera.co.jp\/en\/news\/information\/20230719_1566\">statement<\/a>. Back in February, Jera <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb100bca-2d0b-44ac-bda9-58c56ef4854e\">inked an agreement<\/a> with Abu Dhabi National Energy Company (Taqa) to explore the feasibility of low-carbon green hydrogen and thermal energy production projects in MENA. Earlier in January, the company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13e6008c-9206-4031-bfc2-7ab69bb7771d\">signed an MoU<\/a> with UAE renewables company Masdar to explore joint hydrogen production potential.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/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\/jera\/\">Jera<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78581\" 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=\"78581\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/\">\r\n                            First Abu Dhabi Bank issues inaugural AED 1.3 bn green sukuk issuance                        <\/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\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/\" 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\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/')\">\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\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/\">\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=First Abu Dhabi Bank issues inaugural AED 1.3 bn green sukuk issuance&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/\">\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\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/&title=First Abu Dhabi Bank issues inaugural AED 1.3 bn green sukuk issuance\">\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=First+Abu+Dhabi+Bank+issues+inaugural+AED+1.3+bn+green+sukuk+issuance+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F24%2Ffirst-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance%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\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78582\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/first-abu-dhabi-bank-issues-inaugural-aed-1-3-bn-green-sukuk-issuance\/711-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"711.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/711.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78581\" class=\"content-area-description single-story post-78581 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-first-abu-dhabi-bank tag-green-bonds tag-green-sukuk 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-04\"><\/a> <strong>FAB pulls the trigger on inaugural green sukuk issuance:<\/strong> The UAE\u2019s largest bank First Abu Dhabi Bank (FAB) issued a three-year AED 1.3 bn (c. USD 350 mn) shariah-compliant green sukuk, according to a <a href=\"https:\/\/www.bankfab.com\/en-ae\/about-fab\/group\/in-the-media\/fab-inaugural-aed-issuance-achieves-multiple-milestones\">statement<\/a> released on Thursday.<\/p>\n<p><strong>The details: <\/strong>The green sukuk was priced at 4.93% on Wednesday \u2014 the lowest price offering in the AED market for the bank to date, the statement notes. The issuance marks a first for the bank both in terms of green sukuk and AED-denominated issuances, it adds. FAB acted as joint lead manager and green structuring agent on the issuance, the statement notes.<\/p>\n<p><strong>FAB is a major player in the GCC\u2019s green bond scene:<\/strong> Hailed as <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4e129059-ee38-416f-9e1a-78531ba1cd5e\">a leader in regional green<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4e129059-ee38-416f-9e1a-78531ba1cd5e\">financing<\/a>, the bank issued a USD 600 mn five-year green bond <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/65f18718-7fa0-491a-9ed6-334de03eb414\">last June<\/a>, upsized from an initial target of USD 500 mn on the back of a 2.8x oversubscribed orderbook. FAB acted as one of the lead managers for Majid Al Futtaim\u2019s most recent green sukuk issuance \u2014 which saw the UAE retailer <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f8054746-1c79-489d-8cdd-768b3682ef71\">raise USD 500 mn<\/a> \u2014 and also acted as an advisor on Abu Dhabi National Energy Company\u2019s shariah-compliant USD 1.5 bn <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4fd9b318-73b8-4867-938b-4da3cf4677ae\">dual-tranche green bond issuance<\/a> and Dubai Islamic Bank\u2019s second green sukuk issuance, which saw it <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d7f67a18-ab2d-4f62-8168-43e247c56f17\">raise USD 1 bn<\/a>. The bank also served as an advisor on Saudi Electricity Company\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dc0006d4-cc80-48d1-a5f2-e7ddb444c6eb\">USD 2 bn<\/a> green bond last April. In 2022, the bank <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c04f04ba-c8db-4d74-95c8-ce792db263f7\">raised USD 1.49 bn<\/a> through three green bond issuances.<\/p>\n<p><strong>REMEMBER\u2013 Interest in green and sustainable finance issuance has been on the rise in <\/strong><strong>the region in recent months ahead of COP28<\/strong> <strong>in the UAE.<\/strong> BNP Paribas said earlier this year that it forecasts the global climate-friendly bond sales to climb <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/95960906-4e15-4ecb-8c7c-2cd4bd1841d6\">up to c. USD 600 bn<\/a>, outstripping 2021\u2019s all-time high. The MENA region reported a 532% y-o-y rise in green and sustainable finance to USD 24.55 bn in 2021, up from USD 3.8 bn a year earlier, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/uae-records-32-growth-in-green-and-sustainable-finance-reports-arthur-d-little-h75a9skz\">report<\/a> by consultancy Arthur D Little.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/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\/green-sukuk\/\">Green sukuk<\/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=\"78583\" 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=\"78583\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/masdar-eyes-more-green-issuances-and-global-expansion-after-debut-usd-750-mn-sale\/\">\r\n                            Masdar eyes more green issuances and global expansion after debut USD 750 mn sale                        <\/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\/07\/24\/masdar-eyes-more-green-issuances-and-global-expansion-after-debut-usd-750-mn-sale\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The debut bond sale is the first part of an ambitious push by Masdar to raise up to USD 3 bn in bonds for new renewable energy projects in UAE and abroad under a plan to grow its global portfolio to 100 GW of capacity by 2030, according to a <a href=\"https:\/\/news.masdar.ae\/News\/2023\/07\/19\/08\/47\/Launched-first-US-750-million-10-year-Green-Bond\">statement<\/a> released last week.<\/p>\n<p><strong>About the debut sale:<\/strong> Masdar announced last week it has raised USD 750 mm after its debut green bond issuance lured in over USD 4.2 bn in demand from regional and international investors, the statement notes. Net proceeds from this bond and other future offerings will be used to invest exclusively in \u201cdark green\u201d renewable energy projects, with most earmarked for developing economies and climate-vulnerable countries.<\/p>\n<p><strong>Where is the money going? <\/strong>Proceeds from the debut bond will be used to finance investments in clean energy projects in Uzbekistan and Azerbaijan, repaying two USD 250 mn bridge loans for a <a href=\"https:\/\/news.masdar.ae\/en\/News\/2022\/08\/02\/10\/43\/Masdar-Achieves-Financial-Close-on-Landmark-230-MW-Garadagh\">230<\/a><a href=\"https:\/\/news.masdar.ae\/en\/News\/2022\/08\/02\/10\/43\/Masdar-Achieves-Financial-Close-on-Landmark-230-MW-Garadagh\">MW solar<\/a> project in Azerbaijan and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d562d0c5-675b-4d29-8f17-4e965bc0121b\">500 MW wind project<\/a> in Uzbekistan, Hannigan told <a href=\"https:\/\/www.reuters.com\/markets\/deals\/abu-dhabis-masdar-eyeing-acquisition-targets-us-europe-expansion-2023-07-19\/\">Reuters<\/a> in a separate interview. The remaining USD 250 mn will be used for <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93d5c85d-6dab-4bfe-a0a3-6f5dab452e43\">three solar projects<\/a> in Uzbekistan that will see a financial close soon, he added.<\/p>\n<p><strong>Big acquisitions and expansions talk:<\/strong> \u201cWe plan to grow significantly in the North America market \u2026 it is very much a market where M&A is going to be absolutely critical,\u201d Hannigan told Reuters. Masdar is in active talks over acquisition targets in the US on the back of US President Joe Biden\u2019s USD 430 bn Inflation Reduction Act, he added. The company is also looking to expand primarily in southern Europe, the Balkans and eastern Europe, Hannigan said, with expansion pegged for existing markets including the UK, Poland, Serbia, Montenegro and Greece. KSA will also be a \u201chuge area of growth\u201d, he added, along with Central Asia, Asia-Pacific and Africa tapped for potential future growth by Masdar.<\/p>\n<p><strong>Masdar is eyeing an impressive portfolio:<\/strong> Masdar is planning to grow its global portfolio to at least 100 GW by 2030, according to its statement. It is also eyeing green hydrogen production of 1 mn tons per annum by 2030. The combined capacity for its global portfolio is estimated at 20 GW across 40 countries.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/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\/masdar\/\">Masdar<\/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\/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=\"78585\" 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=\"78585\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/\">\r\n                            UAE\u2019s Sulmi reveals the first electric motorcycle designed and manufactured in the Emirates                        <\/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\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/\" 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\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/')\">\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\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE\u2019s Sulmi reveals the first electric motorcycle designed and manufactured in the Emirates&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/\">\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\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/&title=UAE\u2019s Sulmi reveals the first electric motorcycle designed and manufactured in the Emirates\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+Sulmi+reveals+the+first+electric+motorcycle+designed+and+manufactured+in+the+Emirates+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F24%2Fuaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates%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\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1484.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78586\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/uaes-sulmi-reveals-the-first-electric-motorcycle-designed-and-manufactured-in-the-emirates\/1484-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1484.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1484.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1484.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1484.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78585\" class=\"content-area-description single-story post-78585 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-electric-vehicles tag-enterpriseclimate tag-evs tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>UAE-based startup <\/strong><strong><a href=\"https:\/\/www.linkedin.com\/company\/sulmi\/about\/\">Sulmi<\/a><\/strong><strong> debuted its Sulmi EB-One all electric motorcycle in <\/strong><strong>Sharjah<\/strong>, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/srtip-launches-uae-made-e-motorcycle-with-the-power-to-reshape-personal-transport-y0a03ap3\">statement<\/a> released last week. Designed and manufactured in Sharjah Research, Technology, and Innovation Park (SRTIP)\u2019s <a href=\"https:\/\/soilab.ae\/\">SoiLAB<\/a>, the EB-One is the first electric motorcycle wholly manufactured and designed in the Emirates. The EV is not yet available for sale and has not been priced yet.<\/p>\n<p><strong>The details:<\/strong> The EB-ONE packs a 10.4 KW battery, can cover 300 kilometers on a full charge, and has a 150 KM\/h top speed, <a href=\"https:\/\/www.thenationalnews.com\/lifestyle\/2023\/07\/20\/sulmi-eb-one-first-ever-e-motorbike-created-in-the-uae-hits-the-grit\/\">The National<\/a> notes. The EV can recharge 80% of its battery capacity in one hour.<\/p>\n<p><strong>And there\u2019s more EV action happening in Sharjah: <\/strong>Sharjah Taxi \u2014 a subsidiary of transport and logistics firm <a href=\"https:\/\/osool-logistics.com\/en\/\">Osool Transport Solutions<\/a> \u2014 began testing the all electric four seater <a href=\"https:\/\/en.skywellev.com\/et5\">Skywell ET5 EV<\/a> at Sharjah International Airport, <a href=\"https:\/\/wam.ae\/en\/details\/1395303179341\">Wam<\/a> reported last Thursday. The EV \u2014- retailing for <a href=\"https:\/\/uae.yallamotor.com\/new-cars\/skywell#:~:text=Skywell%20ET5%202023%20is%20the,starting%20price%20of%20AED%20180%2C000.\">AED 180k<\/a>\u2014 has a 520 km cruising range on a full charge.<\/p>\n<p><strong>The UAE\u2019s EV sector is growing:<\/strong> The first EV assembly facility in the UAE was inaugurated in Dubai back <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/42e3e30b-ae52-4718-a2cd-29f5fe71d2d4\">in October<\/a>. The M Glory Holding Group-owned AED 1.5 bn Al Damani Auto EV plant can currently assemble 10k cars annually, but it plans to raise the production capacity to 55k cars per annum over the coming few years. Over in Abu Dhabi, UAE-based green mobility company NWTN <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2fbbe640-a0a2-43ca-b938-0c2c5f5fc89f\">said last week<\/a> it would establish a new integrated electric vehicle production line in the UAE and expand its EV factory in Abu Dhabi.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"78587\" 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=\"78587\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/\">\r\n                            India\u2019s Pravaig Dynamics inks agreement to explore setting up an EV plant in KSA                        <\/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\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/\" 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\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/')\">\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\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/\">\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=India\u2019s Pravaig Dynamics inks agreement to explore setting up an EV plant in KSA&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/\">\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\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/&title=India\u2019s Pravaig Dynamics inks agreement to explore setting up an EV plant in KSA\">\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=India%E2%80%99s+Pravaig+Dynamics+inks+agreement+to+explore+setting+up+an+EV+plant+in+KSA+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F24%2Findias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa%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\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1485.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78588\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/indias-pravaig-dynamics-inks-agreement-to-explore-setting-up-an-ev-plant-in-ksa\/1485-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1485.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1485.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1485.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1485.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78587\" class=\"content-area-description single-story post-78587 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-electric-vehicles tag-enterpriseclimate tag-evs tag-green-mobility tag-saudi-arabia 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>India\u2019s mobility startup Pravaig Dynamics could be setting shop in KSA: <\/strong>India\u2019s deep tech mobility company <a href=\"https:\/\/www.pravaig.com\/company\">Pravaig Dynamics<\/a> signed an MoU with EV-focused investment firm Saudi India Venture Studio (SIVS) to explore establishing an electric vehicle production facility in Saudi Arabia, according to a <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7087039846724108288\/\">statement<\/a> released last week.<\/p>\n<p><strong>What we know:<\/strong> The MoU will pave the way for both companies to co-develop, supply and service special purpose vehicles, including EVs, AI-driven solutions, advanced batteries, and energy storage solutions, the statement said. They are looking to set up a left-hand drive electric production facility with a manufacturing capacity of up to 1 mn units catering to the GCC, Europe and the US. The two companies will aim to unlock potential ventures with \u201ca projected value exceeding USD 31 bn across international markets,\u201d the statement added.<\/p>\n<p><strong>About the involved firms: <\/strong>Founded in 2011, Pravaig Dynamics is a deep tech mobility company specialized in manufacturing EVs, batteries, and artificial intelligence solutions for autonomous vehicles, according to its <a href=\"https:\/\/www.pravaig.com\/\">website<\/a>. SIVS is a Saudi government-backed firm that aims to accelerate the EV market in the kingdom, according to <a href=\"https:\/\/www.arabnews.com\/node\/2342491\/business-economy\">local press<\/a>.<\/p>\n<p><strong>REMEMBER- Saudi Arabia is all in for EVs:<\/strong> Saudi Arabia\u2019s SNB Capital acquired an undisclosed stake worth USD 100 mn in Korean battery manufacturer SK On through the Saudi financial institution\u2019s SNB Capital EV Batteries fund <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0ac451e6-e09c-4f7f-8908-1755936e5dc8\">earlier this month<\/a>. Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) owns a 60.46% stake in EV company Lucid, and provided the majority of the funds for a USD 3 bn stock offering by the US EV maker back <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f001c139-291a-40f8-94a0-a23f766f2b5f\">in June<\/a>. Lucid said late last year that 80% of EVs will be <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dd5f8ad6-48c3-43f9-9f3b-16ec8951b987\">made in Saudi Arabia<\/a>by 2030. The company also plans to produce 155k EVs yearly in Saudi Arabia once full-fledged production capacity is achieved by 2025. The PIF also became Aston Martin\u2019s second-largest shareholder with a c. 17% stake last year as the British luxury maker <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/29826a3b-6f1c-488a-8ffe-eb2838793aa6\">shifts focus<\/a> on transitioning to electric and plug-in hybrid models in the coming years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-mobility\/\">green mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78589\" 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=\"78589\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/\">\r\n                            One Moto secures USD 40 mn in lease financing for delivery EV fleet expansion in UAE                        <\/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\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/\" 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\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/')\">\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\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/\">\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=One Moto secures USD 40 mn in lease financing for delivery EV fleet expansion in UAE&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/\">\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\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/&title=One Moto secures USD 40 mn in lease financing for delivery EV fleet expansion in UAE\">\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=One+Moto+secures+USD+40+mn+in+lease+financing+for+delivery+EV+fleet+expansion+in+UAE+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F24%2Fone-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae%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\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1486.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78590\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/one-moto-secures-usd-40-mn-in-lease-financing-for-delivery-ev-fleet-expansion-in-uae\/1486-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1486.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1486.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1486.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1486.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78589\" class=\"content-area-description single-story post-78589 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseclimate tag-evs tag-investment-watch 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-07\"><\/a> <strong>One Moto secures funds for delivery EV vehicles expansion: <\/strong>British sustainable mobility startup <a href=\"https:\/\/one-moto.com\/\">One Moto Technologies<\/a> has secured USD 40 mn in lease financing to accelerate the leasing of electric delivery vehicles throughout the UAE, according to a <a href=\"https:\/\/www.zawya.com\/en\/business\/energy\/uae-based-one-moto-obtains-40mln-investment-to-achieve-net-zero-emissions-f4zbftwr\">statement<\/a> released last week. The financing round was led by sustainability funding platform <a href=\"https:\/\/pyse.in\/\">Pyse<\/a>, the company said.<\/p>\n<p><strong>Where the funds are going:<\/strong> The investment would allow One Moto to expand its offering of electric delivery vehicles to customers and further cement its network across the UAE, digital platform <a href=\"https:\/\/www.sme10x.com\/technology\/one-moto-secures-40m-in-lease-financing-to-accelerate-leasing-of-electric-delivery-vehicles-in-the-uae\">SME10x<\/a> notes.<\/p>\n<p><strong>Plug and play<\/strong><strong>:<\/strong> One Moto\u2019s motorcycles will not need a charging infrastructure beyond the standard 3-pin socket, CEO Adam Ridgway told SME10x, and the bikes deployed in the UAE come with swappable battery banks. One Moto\u2019s vans use standard type-2 chargers, which can be installed within any company facilities if needed. The company is working with various UAE EV charging companies to supplement the demand, Ridway added, and noted that One Moto\u2019s R&D team is developing groundbreaking charging for all EVs due by 4Q 2023.<\/p>\n<p><strong>Looking ahead:<\/strong> One Moto is targeting having 50k vehicles in the UAE by 2025 as part of the UAE\u2019s plan to have a \u201cstricter emission target with [a] 40% cut by 2023\u201d as stated by UAE\u2019s Climate Change and Environment Minister Mariam Al Mheiri, according to SME10x.<\/p>\n<p><strong>About One Moto:<\/strong> The London-headquartered sustainable mobility startup offers a wide fleet of delivery vehicles including motorcycles, e-bikes, scooters, delivery and grocery vans, according to its website. It is currently present in the UK, UAE, Sri Lanka, Nepal, Ethiopia, Bahrain, Jordan and Chile.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"78591\" 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=\"78591\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/\">\r\n                            The UAE and Turkey will partner on renewables, green fuels, hydropower, and battery storage                        <\/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\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/\" 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\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/')\">\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\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/\">\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 UAE and Turkey will partner on renewables, green fuels, hydropower, and battery storage&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/\">\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\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/&title=The UAE and Turkey will partner on renewables, green fuels, hydropower, and battery storage\">\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+UAE+and+Turkey+will+partner+on+renewables%2C+green+fuels%2C+hydropower%2C+and+battery+storage+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F24%2Fthe-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage%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\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1487.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78592\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/the-uae-and-turkey-will-partner-on-renewables-green-fuels-hydropower-and-battery-storage\/1487-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1487.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1487.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1487.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1487.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78591\" class=\"content-area-description single-story post-78591 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-carbon-storage tag-climate-diplomacy tag-enterpriseclimate tag-green-hydrogen tag-renewables tag-turkey tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The UAE and Turkey have agreed to expand cooperation in the renewables and <\/strong><strong>green fuels production sectors<\/strong>, <a href=\"https:\/\/wam.ae\/en\/details\/1395303179070\">Wam<\/a> reported last week. The UAE\u2019s President Mohammed bin Zayed Al Nahyan and Turkish counterpart Recep Tayyip Erdogan inked an agreement that will see both countries pour in \u201clarge scale investments\u201d across the renewable energy, green hydrogen, hydroelectric power production sectors, as well as finance transmission projects and battery storage facilities. Both countries also want to expand cooperation on nuclear energy production and emerging technologies including carbon capture, storage and utilization, the news agency notes.<\/p>\n<p><strong>Turkey has big renewables targets:<\/strong> Turkey revealed a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/65278e1b-9c23-4101-8f86-e16219911d81\">new national energy plan<\/a> in January, increasing the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/65278e1b-9c23-4101-8f86-e16219911d81\">quota of renewable energy generation<\/a> in its energy mix by 7 percentage points by 2035 to 23.7% \u2014 up from 16.7% in 2020. The country aims to generate an ambitious 190 GW of clean power by 2035 to help realize its net zero commitment and is eyeing a green hydrogen electrolyzer generational capacity totaling 2 GW in 2030, increasing to 5 GW in 2035.<\/p>\n<p> <strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>The <strong>Export-Import Bank of the United States<\/strong> (EXIM) and the <strong>Bahrain <\/strong><strong>Finance and National Economy Ministry <\/strong>will sign an MoU to facilitate EXIM<strong> funding of US exports to the kingdom<\/strong> for energy efficiency, carbon capture, and energy transition projects. (<a href=\"https:\/\/www.state.gov\/joint-statement-on-the-u-s-bahrain-strategic-dialogue\/\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/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\/green-hydrogen\/\">green hydrogen<\/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\/turkey\/\">Turkey<\/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=\"78593\" 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=\"78593\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/\">\r\n                            Militaries and wartime are environmentally unfriendly, and the Brits are leading the charge on decarbonizing                        <\/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\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/\" 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\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/')\">\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\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/\">\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=Militaries and wartime are environmentally unfriendly, and the Brits are leading the charge on decarbonizing&url=https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/\">\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\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/&title=Militaries and wartime are environmentally unfriendly, and the Brits are leading the charge on decarbonizing\">\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=Militaries+and+wartime+are+environmentally+unfriendly%2C+and+the+Brits+are+leading+the+charge+on+decarbonizing+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F24%2Fmilitaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing%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\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1488.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78594\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/militaries-and-wartime-are-environmentally-unfriendly-and-the-brits-are-leading-the-charge-on-decarbonizing\/1488-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1488.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1488.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1488.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1488.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78593\" class=\"content-area-description single-story post-78593 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-carbon-offsetting tag-climate-change tag-climate-in-the-news tag-enterpriseclimate tag-green-tech tag-nuclear-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>Armed forces globally are looking into how to decarbonize more <\/strong><strong>effectively ahead of COP28<\/strong>, a British general advising on climate issues at the UK Defense Ministry told <a href=\"https:\/\/www.thenationalnews.com\/climate\/cop28\/2023\/07\/22\/cop28-sets-beacon-for-military-planners-scrambling-for-lower-emissions\/\">The National<\/a> in an interview on Saturday. Lt. General Richard Nugee, the chief adviser for climate change and sustainability at the ministry, said the British armed forces are considering the use of nuclear power to supply bases and new fuels for warships under a plan to slash emissions.<\/p>\n<p><strong>And there\u2019s more:<\/strong> Nugee says the British army is actively looking at a technology developed by Rolls Royce that could overhaul generating the energy needed by the military. Micro nuclear plants that fit into 12 meter shipping containers could produce 5 MW of clean energy over five years without refueling, which Nugee says can be used for creating water, synthetic fuel, or hydrogen. The UK Royal Navy is also considering having its next generation of warships designed to help accommodate future fuels, he added.<\/p>\n<p><strong>The elephant in the room:<\/strong> Emissions by armed forces globally are <a href=\"https:\/\/www.reuters.com\/business\/environment\/worlds-war-greenhouse-gas-emissions-has-military-blind-spot-2023-07-10\/\">often not disclosed<\/a>, given that they are not bound by international climate agreements to report or slash emissions. Militaries are believed to account for 5.5% of global greenhouse gas emissions, according to a <a href=\"https:\/\/ceobs.org\/wp-content\/uploads\/2022\/11\/SGRCEOBS-Estimating_Global_MIlitary_GHG_Emissions_Nov22_rev.pdf\">2022 estimate<\/a> by international experts. It is estimated that to rebuild Ukraine will use 100 mn tons of carbon dioxide emissions, The National notes. Even in times of peace, the British military consumes about 3.5 mn tons of carbon emission annually, it adds.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>How extreme heat will reshape economies: <\/strong>Recording breaking temperatures are leading industry leaders to rethink how climate change will alter the way the manufacturing, agriculture, transport, tourism, and ins. sectors do business. Climate-induced heatwaves have reportedly cost the global economy<a href=\"https:\/\/scitechdaily.com\/climate-change-driven-heat-waves-have-cost-the-world-trillions\/#:~:text=They%20discovered%20that%20from%201992,cost%20an%20estimated%20%2416%20trillion.\">c. USD 16 tn<\/a> over a 21 year- period from the 1990s. (<a href=\"https:\/\/www.ft.com\/content\/4ca7ac75-ab0a-4808-9b6b-d6695cd333c4\">Financial Times<\/a>)<\/li>\n<li><strong>No solid accuracy on EV range estimates:<\/strong> The process used to determine EV ranges by the US Environmental Protection Agency and others including automakers could be flawed as they don\u2019t take into account users\u2019 driving methods. (<a href=\"https:\/\/www.cnbc.com\/2023\/07\/22\/how-ev-range-is-determined-and-why-the-process-is-flawed.html\">CNBC<\/a>)<\/li>\n<li><strong>Are vegan diets more environmentally friendly? <\/strong>Vegan diets could help in cutting environmental damage, leading to 75% less climate-heating emissions, water pollution and land use than meat-rich diets, according to a recent study. (<a href=\"https:\/\/www.theguardian.com\/environment\/2023\/jul\/20\/vegan-diet-cuts-environmental-damage-climate-heating-emissions-study\">The Guardian<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-offsetting\/\">carbon offsetting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78595\" 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=\"78595\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/07\/24\/the-uae-is-getting-a-maritime-decarbonization-center-and-dubais-mega-wte-plant-transfers-inaugural-clean-energy-to-the-grid\/\">\r\n                            The UAE is getting a maritime decarbonization center and Dubai\u2019s mega WtE plant transfers inaugural clean energy to the grid                        <\/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\/07\/24\/the-uae-is-getting-a-maritime-decarbonization-center-and-dubais-mega-wte-plant-transfers-inaugural-clean-energy-to-the-grid\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The center will function as a hub for research and development of decarbonization tech aimed at pushing down the emissions generated by the maritime sector. It will also conduct joint-industry projects, incubator and accelerator programmes, foster talent development initiatives, and provide access to funding opportunities, the statement notes.<\/p>\n<p><strong>Mega WtE plant transfers renewable energy to Dubai\u2019s grid:<\/strong> Swiss-based WtE cleantech company Hitachi Zosen Inova and Belgium\u2019s <a href=\"https:\/\/www.besix.com\/en\/\">Besix<\/a> oversaw the first electricity transmission from its <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/38bffa14-04ce-4f2e-9eae-a4dfafa34495\">waste-to-energy (WtE) plant in Warsan<\/a> to Dubai\u2019s power grid earlier this month, according to a <a href=\"https:\/\/www.hz-inova.com\/first-electricity-to-dubais-grid-another-landmark-achievement-for-the-worlds-largest-waste-to-energy-project\/\">statement<\/a> released last week. The plant \u2014 which is still under construction \u2014 currently receives some 2k tons of nonrecyclable waste on a daily basis. Once fully operational in 2024, the facility will treat 1.9 mn tons of waste annually and produce some 220 MW of renewable thermal electricity.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Want a green driving license? <\/strong>Abu Dhabi-based <strong><a href=\"https:\/\/onlineum.edcad.ae\/\">Emirates Driving Company<\/a><\/strong> and Dubai\u2019s greentech startup <strong><a href=\"https:\/\/carbonsifr.com\/\">CarbonSifr<\/a><\/strong> will enable motorists to offset emissions while issuing or renewing driving licenses. (<a href=\"https:\/\/www.khaleejtimes.com\/uae\/abu-dhabi-to-introduce-new-green-driving-licence-packages\">Khaleej Times<\/a>)<\/li>\n<li><strong>The<\/strong> <strong>Dubai Water and Electricity Authority<\/strong> (Dewa) has joined the <strong>EV-focused <\/strong><strong><a href=\"https:\/\/www.charin.global\/\">Charging Interface Initiative<\/a><\/strong> as a core member, enabling Dewa to establish EV industry standards for charging systems. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303179573\">Wam<\/a>)<\/li>\n<li><strong>Egypt<\/strong> granted a <strong>golden license<\/strong> to EGP 73.5 mn <strong>recycling project<\/strong> by Sweden-based <strong><a href=\"https:\/\/enviroprocess.com\/en\">EnviroProcess<\/a><\/strong> in Upper Egypt\u2019s Minya. (<a href=\"https:\/\/tinyurl.com\/ycm98hmv\">Statement<\/a>)<\/li>\n<li>UAE\u2019s <strong>Adnoc<\/strong> has concluded drilling for the world\u2019s first <strong>fully sequestered CO2<\/strong> <strong>injection well<\/strong> in Abu Dhabi\u2019s carbonate saline aquifer. (<a href=\"https:\/\/twitter.com\/ADNOCGroup\/status\/1681984069888876544\">Statement<\/a>)<\/li>\n<li><strong>The<\/strong> <strong>Environment Agency \u2013 Abu Dhab<\/strong>i has outlined a comprehensive five-year plan aimed at accelerating <strong>climate action<\/strong> and <strong>resilience<\/strong>. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303179084\">Wam<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/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\/waste-to-energy\/\">WASTE TO ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78597\" 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=\"78597\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/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\/07\/24\/the-uks-vertical-aerospace-completes-first-test-flight-for-evtol-and-indias-tata-group-sinks-gbp-4-bn-in-british-ev-battery-gigafactory\/\">\r\n                            The UK\u2019s Vertical Aerospace completes first test flight for eVTOL and India\u2019s Tata Group sinks GBP 4 bn in British EV battery gigafactory                        <\/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\/07\/24\/the-uks-vertical-aerospace-completes-first-test-flight-for-evtol-and-indias-tata-group-sinks-gbp-4-bn-in-british-ev-battery-gigafactory\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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Aerospace completes first test flight for eVTOL and India\u2019s Tata Group sinks GBP 4 bn in British EV battery gigafactory\">\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+UK%E2%80%99s+Vertical+Aerospace+completes+first+test+flight+for+eVTOL+and+India%E2%80%99s+Tata+Group+sinks+GBP+4+bn+in+British+EV+battery+gigafactory+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F07%2F24%2Fthe-uks-vertical-aerospace-completes-first-test-flight-for-evtol-and-indias-tata-group-sinks-gbp-4-bn-in-british-ev-battery-gigafactory%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\/07\/24\/the-uks-vertical-aerospace-completes-first-test-flight-for-evtol-and-indias-tata-group-sinks-gbp-4-bn-in-british-ev-battery-gigafactory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1490.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78598\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/07\/24\/the-uks-vertical-aerospace-completes-first-test-flight-for-evtol-and-indias-tata-group-sinks-gbp-4-bn-in-british-ev-battery-gigafactory\/1490-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1490.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1490.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1490.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1490.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78597\" class=\"content-area-description single-story post-78597 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-evs tag-evtol tag-green-mobility tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The UK\u2019s Vertical Aerospace completes first test flight for eVTOL: <\/strong>UK electrical vertical take-off and landing (eVTOL) aircraft manufacturer <a href=\"http:\/\/www.vertical-aerospace.com\/\">Vertical Aerospace Ltd<\/a> completed the first test detached flight for its <a href=\"https:\/\/vertical-aerospace.com\/vx4\/\">VX4 aircraft<\/a> flying at some 70 km\/h, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-18\/electric-air-taxi-startup-completes-first-flight-test-at-70kph\">Bloomberg<\/a> reported last week. The company \u2014 which is looking to achieve certification for its aircraft by the end of 2026 \u2014 has already secured some 1.4k preorders for its eVTOLs from companies including Virgin Atlantic Airways Ltd, American Airlines Group Inc., and Avolon Holdings Ltd.<\/p>\n<p><strong>eVTOL taxis could be taking off in the US by 2028:<\/strong> The US\u2019 Federal Aviation Administration says eVTOL taxis will begin servicing US cities as soon as 2028 by complying to pre-existing flight rules for helicopters and other low-altitude airplanes, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-18\/air-taxis-seen-zooming-through-us-skies-by-2028-in-faa-proposal#xj4y7vzkg\">Bloomberg<\/a> reported last week. Last week, the US regulator published regulations aimed at creating a structured mechanism for building a pipeline of eVTOL-adept pilots in the country. The initial phases of eVTOL deployments will involve manned flights, as opposed to autonomous robotic controlled flights, Bloomberg writes. The global eVTOL market is expected to grow at a CAGR rate of 14.90% from USD 8.2 bn in 2021 to USD 24.9 bn in 2030, according to a report by <a href=\"https:\/\/www.businessintelligence-insights.com\/reports\/28\/global-evtol-aircraft-market\">Business Intelligence Insights<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>India\u2019s Tata Group to build USD 5 bn gigafactory in the UK: <\/strong>Indian multinational conglomerate company <a href=\"https:\/\/www.tata.com\/home-page\">Tata Group<\/a> will invest GBP 4 bn (c. USD 5.1 bn) to build a gigafactory for EV battery production in the UK, <a href=\"https:\/\/www.cnbc.com\/2023\/07\/19\/indias-tata-group-to-build-5-billion-gigafactory-in-the-uk.html\">CNBC<\/a> reported last week. The EV battery production plant is expected to have an initial output capacity of 40 GWh once operational in 2026, potentially supplying half of the UK\u2019s battery demands by 2030. The production plant will also supply Jaguar Land Rover \u2014 a subsidiary of Tata Motors \u2014 with EV batteries. The UK government is expected to pay GBP 500 mn in subsidies to support the project, the <a href=\"https:\/\/www.ft.com\/content\/53934b88-942e-40ea-866c-84af805c2faf\">Financial Times<\/a> reports.<\/p>\n<p><strong>A green British carrier next year? <\/strong>British green energy entrepreneur Dale Vince plans to launch Britain\u2019s first electric airline early next year, he told <a href=\"https:\/\/www.theguardian.com\/business\/2023\/jul\/17\/green-energy-tycoon-to-launch-uk-first-electric-airline\">The Guardian<\/a> last week. Ecojet \u2014 labeled as a \u201cflag carrier for green Britain\u201d \u2014 will launch a 19-seater jet traveling on a Edinburgh-Southampton journey. The planets will operate initially on kerosene-based fuel for the first year, before shifting to engines that can convert green hydrogen into electricity. A second phase will be launched 18 months later with 70-seater jets capable of flying to Europe, Vince said. His company is currently applying for a license from the Civil Aviation Authority to help ensure takeoff and landing slots at airports, he added.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Japan\u2019s <strong>Jera <\/strong>will invest<strong> USD 300 mn <\/strong>in<strong> green tech startups<\/strong> through its new venture capital arm <strong><a href=\"https:\/\/www.jera.co.jp\/en\/news\/information\/20230721_1573\">Jera Ventures<\/a><\/strong>. (<a href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/japans-jera-invest-300-mln-green-tech-focused-start-ups-2023-07-21\/\">Reuters<\/a>)<\/li>\n<li>The <strong>US<\/strong> plans to hold its first <strong>offshore<\/strong> <strong>wind power <\/strong>auction in the <strong>Gulf of <\/strong><strong>Mexico<\/strong> next month. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/biden-announce-offshore-wind-rights-sale-gulf-mexico-2023-07-20\/\">Reuters<\/a>)<\/li>\n<li><strong>Venezuela<\/strong> is in early discussions with the <strong>EU<\/strong> over a <strong>USD 1.5 bn methane <\/strong><strong>capture project<\/strong> for export to <strong>Europe<\/strong> as natural gas. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-21\/venezuela-explores-1-5-billion-deal-with-eu-to-curb-emissions\">Bloomberg<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evtol\/\">EVTOL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-mobility\/\">green mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uk\/\">UK<\/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=\"78599\" 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\/07\/24\/78599\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78599\" class=\"content-area-description single-story post-78599 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>JULY 2023<\/strong><\/p>\n<p>25-26 July (Tuesday-Wednesday): <a href=\"https:\/\/www.h2-view.com\/event\/london-hydrogen-africa-green-h2-investment-forum\/\">London Hydrogen-Africa Green H2 Investment Forum<\/a>, London, UK.<\/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>21-22 August (Monday-Tuesday): <a href=\"https:\/\/crgconferences.com\/recycling\/\">International Conference on Recycling and Waste Management<\/a>, USA.<\/p>\n<p>21-22 August (Monday-Tuesday): <a href=\"https:\/\/crgconferences.com\/environmental\/\">International Conference on Environmental Sustainability and Climate Change<\/a>, USA.<\/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>4-6 September (Monday-Wednesday): <a href=\"https:\/\/saudi-smic.com\/\">Sustainable Maritime Industry Conference<\/a>, Jeddah, Saudi Arabia.<\/p>\n<p>4-6 September (Monday-Wednesday): <a href=\"https:\/\/africaclimatesummit.org\/\">Africa Climate Summit<\/a>, Nairobi, Kenya.<\/p>\n<p>5-7 September (Tuesday-Thursday): <a href=\"https:\/\/www.gweccc.com\/assets\/PDF\/GWECCC%202023_EVENT%20BROCHURE.pdf\">Global Water, Energy and Climate Change Congress<\/a>(GWECCC), Manama, Bahrain.<\/p>\n<p>9-10 September (Saturday-Sunday): <a href=\"https:\/\/www.g20.org\/en\/g20-india-2023\/new-delhi-summit\/\">G20 Heads of State and Government Summit<\/a>, New Delhi, India.<\/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>18-19 September (Monday-Tuesday): <a href=\"https:\/\/finance.enterprise.news\/\">The Enterprise Finance Forum<\/a>, Cairo, Egypt.<\/p>\n<p>19-21 September (Tuesday-Thursday): <a href=\"https:\/\/www.worldptxsummit.com\/\">World Power-to-X Summit<\/a>, Marrakesh, Morocco.<\/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>4-5 October (Wednesday-Thursday): <a href=\"https:\/\/www.futuresustainabilityforum.com\/\">Future Sustainability Forum<\/a>, Dubai, UAE.<\/p>\n<p>8-10 October (Sunday-Tuesday): <a href=\"https:\/\/www.sgbf.sa\/\">Saudi Green Building Forum<\/a>, Riyadh, Saudi Arabia.<\/p>\n<p>9-15 October (Monday-Sunday): <a href=\"https:\/\/www.imf.org\/en\/News\/Seminars\/Campaigns\/2023\/Marrakech2023\">World Bank\/IMF 2023 Annual Meetings<\/a>, Marrakech, Morocco.<\/p>\n<p>10-12 October (Tuesday-Thursday): <a href=\"https:\/\/aemobforum.com\/\">Autonomous E-Mobility Forum<\/a>, Doha, Qatar.<\/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>18-20 October (Wednesday-Friday): <a href=\"https:\/\/www.atalayar.com\/en\/articulo\/economy-and-business\/morocco-and-belgium-will-hold-business-meeting-on-green-hydrogen-in-october\/20230719115701188407.html\">Morocco and Belgium business meeting on green hydrogen<\/a>, Tangiers, Morocco.<\/p>\n<p>17-18 October (Tuesday- Wednesday): <a href=\"https:\/\/criticalmineralsafrica.com\/\">Critical Minerals Africa Summit<\/a>, Cape Town, South Africa.<\/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>9-15 November (Thursday-Wednesday): <a href=\"https:\/\/www.intrafricantradefair.com\/\">Intra-African Trade Fair 2023<\/a>, Cairo, Egypt.<\/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>16-17 November (Thursday-Friday): <a href=\"https:\/\/www.dwtc.com\/en\/events\/world-green-economy-summit-wges-2023\/\">World Green Economy Summit (WGES)<\/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>20-24 November (Monday-Friday) I<a href=\"https:\/\/wam.ae\/en\/details\/1395303172305\">nternational Civil Aviation Organisation\u2019s Aviation and Alternative Fuels conference<\/a>, Dubai, UAE.<\/p>\n<p>27-30 November (Monday-Thursday) <a href=\"https:\/\/twitter.com\/ADGlobalMarket\/status\/1672228350046224384\">Abu Dhabi Finance Week (ADFW)<\/a>, Abu Dhabi, UAE.<\/p>\n<p>30 November - 12 December (Thursday-Tuesday): <a href=\"https:\/\/unfccc.int\/\">Conference of the Parties (COP 28)<\/a>, Dubai, UAE.<\/p>\n<p><strong>DECEMBER 2023<\/strong><\/p>\n<p>12-14 December (Tuesday-Thursday): <a href=\"https:\/\/www.facebook.com\/ghseoman\/\">Green Hydrogen Summit Oman<\/a>, Oman Convention and Exhibition Center, Muscat, Oman.<\/p>\n<p>18-20 December (Monday-Wednesday): <a href=\"https:\/\/saudi-sg.com\/en\/\">Saudi Arabia Smart Grid Conference<\/a>, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.<\/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>APRIL 2024<\/strong><\/p>\n<p>16-18 April (Tuesday-Thursday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/\">World Future Energy Summit<\/a>, Abu Dhabi, UAE.<\/p>\n<p>23-25 April (Tuesday-Thursday): <a href=\"https:\/\/www.mena.gh2events.com\/\">Connecting Green Hydrogen MENA<\/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><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\">International Union for Conservation of Nature World Conservation Congress<\/a>, Abu Dhabi, UAE.<\/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><a href=\"https:\/\/uitpsummit.org\/\">UITP Global Public Transport Summit<\/a>, Dubai, UAE.<\/p>\n<p>1Q 2026: <a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s USD 1 bn blue ammonia plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">to be completed<\/a>.<\/p>\n<p>End-2026: HSBC Bahrain to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\">eliminate single-use<\/a> PVC plastic cards.<\/p>\n<p><strong>2027<\/strong><\/p>\n<p>MENA\u2019s district cooling market is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\">expected to reach<\/a> USD 15 bn.<\/p>\n<p><strong>2030 <\/strong><\/p>\n<p>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">provide AED 35 bn<\/a> in green financing.<\/p>\n<p>UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\">targets 14 GW<\/a> in clean energy capacity.<\/p>\n<p>Tunisia <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">targets 30%<\/a> of renewables in its energy mix.<\/p>\n<p>Qatar wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\">generate USD 17 bn<\/a> from its circular economy, creating 9k-19k jobs.<\/p>\n<p>Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">generate 10.5 GW<\/a> of energy.<\/p>\n<p><strong>2035 <\/strong><\/p>\n<p>Qatar to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">capture up to 11 mn tons<\/a> of CO2 annually.<\/p>\n<p><strong>2045 <\/strong><\/p>\n<p>Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity.<\/p>\n<p><strong>2050<\/strong><\/p>\n<p><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\">Tunisia\u2019s carbon neutrality target<\/a>.<\/p>\n<p><strong>2060 <\/strong><\/p>\n<p>Nigeria aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">achieve its net-zero<\/a> emissions target.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":78570,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78569","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"bc73b642-7717-4520-8e8c-5667850b8e0d","teaser":"","photo_url":"https:\/\/ent.news\/2020\/1\/740.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>G20 energy ministers fail to reach consensus on fossil fuels phasedown - Climate<\/title>\n<meta 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