{"id":78984,"date":"2023-08-15T01:00:15","date_gmt":"2023-08-15T01:00:15","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78984"},"modified":"2025-12-15T09:24:04","modified_gmt":"2025-12-15T09:24:04","slug":"uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/","title":{"rendered":"UAE\u2019s Tabreed and Adnoc partner on MENA\u2019s first geothermal energy project"},"content":{"rendered":"<section id=\"78986\" 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=\"78986\">\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\/08\/15\/today-uaes-tabreed-adnoc-partner-on-menas-first-geothermal-energy-project\/\">\r\n                            TODAY: UAE\u2019s Tabreed + Adnoc partner on MENA\u2019s first geothermal energy project                        <\/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 href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/today-uaes-tabreed-adnoc-partner-on-menas-first-geothermal-energy-project\/\">\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=\"78987\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/today-uaes-tabreed-adnoc-partner-on-menas-first-geothermal-energy-project\/336-jpg-6\/\" 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-78986\" class=\"content-area-description single-story post-78986 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-egypt tag-enterpriseclimate tag-green-hydrogen tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, friends. <\/strong>We have a brisk issue for you this morning with an interesting new renewable energy project in the UAE and lots of earnings updates.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>UAE\u2019s Adnoc and Tabreed have concluded testing on two geothermal wells in Abu Dhabi\u2019s Masdar City, marking the first step in a clean energy project aimed at electrifying the city\u2019s cooling sector.<\/p>\n<p><strong>^^ We have more details on this story and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Search efforts continue in Maui after <\/strong><strong>wildfire devastation: <\/strong>Search teams are combing through Maui to search for human remains as the death toll from <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/edcbe24f-803d-4fee-a975-fdaaac2b7dac\">deadly wildfires<\/a> last week climbed up to 96 and is expected to rise, according to officials.The Federal Emergency Management Agency teams in Lahaina are using trained dogs to comb many areas, but such efforts are being hampered by rising temperatures. Scientists believe the deadly wildfires which have been the deadliest in the US in over 100 years were aggravated by several factors including climate change, with soaring global temperatures and drought turning some parts of Hawaii into a tinderbox on the back of powerful winds from a nearby cyclone.<\/p>\n<p><strong>Maui\u2019s disaster continued to dominate coverage in international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/us\/maui-like-war-zone-death-toll-wildfires-reaches-93-2023-08-13\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-14\/maui-fire-is-us-s-deadliest-in-a-century-amid-alarm-concerns\">Bloomberg<\/a> | <a href=\"https:\/\/apnews.com\/article\/maui-hawaii-lahaina-deadliest-wildfire-fb2ebf6cd39c149a582b82eed6ac3930\">The Associated Press<\/a> | <a href=\"https:\/\/www.nytimes.com\/2023\/08\/13\/us\/lahaina-water-failure.html\">The New York Times<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/weather\/2023\/08\/14\/maui-wildfires-hawaii-death-toll-lahaina\/\">Washington Post<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/maui-fire-death-toll-lahaina-hawaii-f43c36bc\">Wall Street Journal<\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>OVER IN COPLAND- Climate finance reform in the crosshairs: <\/strong>A two-day Independent High-Level Expert Group (IHLEG) will convene to discuss international climate finance reform today in Abu Dhabi, <a href=\"https:\/\/www.wam.ae\/en\/details\/1395303186330\">Wam<\/a> reports. An international group of top economists, private sector leaders, and the UN Climate Change High-Level Champions will attend the meeting, where policy recommendations for a more equitable and efficient climate finance system will be presented in preparation for COP28. The current climate finance landscape and its effectiveness in relation to the Paris Agreement goals will also be evaluated.<\/p>\n<p><strong>Who will be there?<\/strong> Chairman of the Abu Dhabi Department of Economic Development and the Abu Dhabi Global Market Ahmed Al Zaabi will be present at the meeting, as will co-chairs of the IHLEG Nicholas Stern and Vera Songwe, executive secretary of the IHLEG Amar Bhattacharya, managing director of the International Monetary Fund Kristalina Georgieva, as well as senior World Bank representatives and economists, Wam said.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a><strong>WATCH THIS SPACE #1- Is India\u2019s ReNew Power breaking ground on Egypt <\/strong><strong>hydrogen plant next year?<\/strong> India\u2019s largest renewables developer ReNew Power said it could break ground on its <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1f8d7402-6d05-4eae-b3b0-b5bb811be7ab\">USD 8 bn green hydrogen<\/a> plant in Egypt\u2019s Suez Canal Economic Zone early next year, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12082023&id=cc51c990-f8e3-4873-bbc9-5101cb1e46d6\">Al Shorouk<\/a> reports, citing a government source. The plant should take around six years to complete, the source added. Technical studies are underway for the project ahead of a final investment decision, which is expected between November and March next year. The Indian company and El Sewedy Electric signed a framework agreement with the government for the project back in November. ReNew said at the time that it would undertake further studies and make a final investment decision by 1Q 2024. If the project moves forward, the company expects to begin commissioning the pilot phase in 2026.<\/p>\n<p><strong>The project: <\/strong>ReNew and Elsewedy <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48400bd6-088c-4e24-b57d-7a826d49ec0d\">will set up renewables projects<\/a> generating 570 MW to produce 20k tons of green hydrogen during the pilot phase of the project. The green hydrogen will be used as feedstock to generate 100k tons of green ammonia. The second phase will see the companies build renewable energy projects yielding 5.68 GW to produce 200k tons of green hydrogen, which would then be converted to 1 mn tons of green ammonia.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- A new BP company in Kuwait:<\/strong> British oil giant BP has reportedly established a new company in Kuwait focused on renewable energy and petroleum consulting, Kuwait newspaper <a href=\"https:\/\/www.alanba.com.kw\/1195563\">Al Anba<\/a> reported this week. The new company \u2014 which will have a capital of KWD 5 mn (c. USD 16.2 mn) \u2014 will focus on setting up and operating renewable and alternative energy stations, petroleum consultations, and services related to oil and gas extraction, excluding survey services, according to the media outlet.<\/p>\n<p><strong>WATCH THIS SPACE #3- KSA\u2019s Tadweeer is making the switch on Tadawul<\/strong><strong>: <\/strong>The Board of Directors of Saudi Arabia\u2019s National Environmental Recycling Co. (Tadweeer) has approved a decision to move from Tadawul\u2019s parallel market (<a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/rules-guidance\/capital-market-overview\/Equities?locale=en\">Nomu<\/a>) and head to the stock exchange\u2019s main stock market, according to a <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_dboJAEIWfxQcwO0hc6CUtLdKggkhVbsy6TJVEWLIstvbpy49No62N3ezFzOQ7Z86QmCxJnLNDumUqFTnb1_0qpuuhRWEwMmEKo_kDUAgdGs1NzR5QsjgHzLFDIZhYwXRgDMF5ARL_Sw-hP4TgyR_rHszAAXqbHq4864b98Tkyte6MOsHzveN6lm5S4xL45cSLJT9vaIE_QoaYt5cYV6O6GllILEUlOZLZFpWV56LKOWaYKy8tlc0UIwFnfIceHnDvsy2SsFnNkkNaClk2FFk1kxK5EtIu3OTUH7ON2Hd1IUVScTU_FtgNlKitT3VRm4bpR91p0BkxyXcdq30BkyrboLQ3ZKU3o1cpsm8H1sTmTeiTat1vhQrfVdi6dVxSK3yUqWgiFlkULSF1--bbo56Z59_q9T4BxSHFFA!!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzk1NDAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc1NDEw\/\">bourse filing<\/a>. Established in 2017, Nomu is an <a href=\"https:\/\/eng-archive.aawsat.com\/f-yousef\/business\/saudi-arabia-tadawul-launches-nomu-parallel-market\">alternative platform with requirements<\/a> that allow KSA-based SMEs with a market cap above SAR 10 mn and a minimum of one year of operational and financial performance to become publicly listed. Nomu \u2014 which is restricted to qualified investors \u2014 enables listed companies to transition to the main market after obtaining necessary approvals. Tadawul has not yet issued a decision approving Tadweeer\u2019s shift, the company notes.<\/p>\n<hr class=\"grey-line\">\n<p><strong>NON-CLIMATE REGIONAL HEADLINES:<\/strong><\/p>\n<ul>\n<li><strong>UAE: <\/strong>An anticipated Comprehensive Economic Partnership Agreement (CEPA) between UAE and Pakistan \u2014 set to be signed in the fourth quarter of the year \u2014 is expected to boost bilateral trade by up to 20% annually. (<a href=\"https:\/\/www.khaleejtimes.com\/supplements\/cepa-to-boost-bilateral-trade-up-to-20\">Khaleej Times<\/a>)<\/li>\n<li><strong>Egypt: <\/strong>Egyptian expats will be allowed to buy a USD-denominated pension plan in the country through Misr Life Ins. and the National Bank of Egypt, Egypt\u2019s Financial Regulatory Authority chief Mohamed Farid said. (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24205daf-57d4-41c7-8242-a9027812da67\">Enterprise<\/a>)<\/li>\n<\/ul>\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>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>MISSED OUR PREVIOUS FORUMS? <\/strong><strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\">The Enterprise Podcast has you covered<\/a><\/strong><strong>: <\/strong>The Enterprise Podcast\u2019s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum and Enterprise Climate Forum.<\/p>\n<p><strong>WANT TO LISTEN? Head to:<\/strong> <a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136?i=1000624249910\">Apple Podcast<\/a> | <a href=\"https:\/\/open.spotify.com\/episode\/3i70JDa1bM3kGLLH2sm7a6?si=mrr995svRkK12tS_7vdufg&nd=1\">Spotify<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/YTgyM2Y1OTUtZWMxOS00YTg2LTk0MjMtYjA1YzAwZGVhN2Mx?sa=X&ved=0CAYQkfYCahcKEwjI8rf4z9eAAxUAAAAAHQAAAAAQNA\">Google Podcast<\/a> | <a href=\"https:\/\/play.anghami.com\/episode\/1121361311?adj_t=dgl0aa8_64v1dnl&adj_campaign=ios&adj_adgroup=episode&adj_creative=126401725\">Anghami<\/a> | <a href=\"https:\/\/omny.fm\/shows\/the-enterprise-podcast\">Omny<\/a>.<\/p>\n<p><strong>IN THIS WEEK\u2019S EPISODE- It\u2019s the very first panel of the Enterprise Climate Forum:<\/strong> Egypt brought home major victories from COP27, signing framework agreements for about USD 85 bn worth of green hydrogen projects, and announcing more than USD 10 bn in funding for the Nexus for Food, Water and Energy (NWFE) program. While we have a long way to go before much of the gains from COP27 will be tangible to the private sector, the opportunities in green hydrogen and NWFE are \u201cnow.\u201d Our panelists helped explain how these two can be made actionable. We were joined by <strong>Jorgo Chatzimarkakis<\/strong>, CEO of Hydrogen Europe, <strong>Khalid Hamza<\/strong>, Director and head of Egypt at the European Bank for Reconstruction and Development, and <strong>Khaled Naguib<\/strong>, CEO of Hydrogen Egypt.<\/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>Sweden will host <\/strong><strong><a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week<\/a><\/strong><strong> from Sunday, 20 August to Wednesday, 24 August<\/strong> in Stockholm. Organized by the Stockholm International Water Institute, the event will bring together policy makers, NGOs, and private sector players to discuss innovative solutions to managing water and how to tackle food security, biodiversity, and climate change.<\/p>\n<p><strong>The US will host the <\/strong><strong><a href=\"https:\/\/crgconferences.com\/recycling\/\">International Conference on Recycling and Waste Management<\/a><\/strong><strong> and <\/strong><strong>the <\/strong><strong><a href=\"https:\/\/crgconferences.com\/environmental\/\">International Conference on Environmental Sustainability and Climate Change<\/a><\/strong><strong> from Monday, 21 August till Tuesday, 22 August<\/strong> in Philadelphia. The waste management conference will gather environmental engineers, and recycling, wastewater treatment, and climate researchers to discuss trends and innovations in plastics recycling, wastewater treatment, and renewable energy. The sustainability and climate change conference will bring together researchers and industry leaders to spotlight innovations in environmental science, climatology, renewable energy, and pollution control.<\/p>\n<p><strong>The Dominican Republic will host the <\/strong><strong><a href=\"https:\/\/unfccc.int\/event\/tc3\">COP27 Transitional Committee<\/a><\/strong><strong>from Tuesday, 29 August to Friday, 1 September<\/strong>. The meeting aims to establish institutional arrangements, modalities, governance structures, and terms of reference for the landmark Loss and Damage Fund. It also wants to expand sources for climate funding under the program.<\/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\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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78988\" 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=\"78989\" 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=\"78989\">\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\">GEOTHERMAL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/\">\r\n                            UAE\u2019s Tabreed and Adnoc partner on MENA\u2019s first geothermal energy project                        <\/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\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/\" 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\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/')\">\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\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/\">\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 Tabreed and Adnoc partner on MENA\u2019s first geothermal energy project&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/\">\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\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/&title=UAE\u2019s Tabreed and Adnoc partner on MENA\u2019s first geothermal energy project\">\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+Tabreed+and+Adnoc+partner+on+MENA%E2%80%99s+first+geothermal+energy+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F15%2Fuaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project%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\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/123.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78990\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/123-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/123.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"123.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/123.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/123.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78989\" class=\"content-area-description single-story post-78989 post type-post status-publish format-standard has-post-thumbnail hentry category-geothermal tag-adnoc tag-enterpriseclimate tag-geothermal tag-masdar tag-renewables tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong>UAE\u2019s Tabreed and Adnoc partner on MENA\u2019s first geothermal energy project:<\/strong> Abu Dhabi National Oil Company (Adnoc) and the UAE\u2019s National Central Cooling Company (Tabreed) have concluded testing on two geothermal wells in Abu Dhabi\u2019s Masdar City, marking the first step in a clean energy project aimed at electrifying the city\u2019s cooling sector, a company <a href=\"https:\/\/www.adnoc.ae\/en\/News-and-Media\/Press-Releases\/2023\/ADNOC-and-Tabreed-Advance-the-First-Project-in-the-Region-to-Harness-Geothermal-Energy\">statement<\/a> notes. The project will be funded under Adnoc\u2019s <a href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-allocates-15-billion-to-low-carbon-solutions\">USD 15 bn allocation<\/a> towards developing low-carbon power solutions.<\/p>\n<p><strong>The details:<\/strong> The project will extract water from underground wells at temperatures exceeding 90\u00b0C and flow rates nearing 100 liters per second. The water will then be rerouted to an absorption cooling system to chill it before sending it to Tabreed\u2019s district cooling network at Masdar City. The geothermal energy project is set to meet 10% of Masdar City\u2019s cooling needs, the statement notes.<\/p>\n<p><strong>Why this is important: <\/strong>A majority of the UAE\u2019s electricity consumption is spent on cooling buildings, and district cooling uses nearly 50% less energy than standard air conditioning, the statement notes. Leveraging the energy efficiency of geothermal heat in district cooling operations has the potential to significantly reduce electricity demand for cooling from the grid, the statement added.<\/p>\n<p><strong>SOUND SMART- <\/strong>Geothermal resources are existing <a href=\"https:\/\/www.energy.gov\/eere\/geothermal\/geothermal-basics\">reservoirs of hot water or human made<\/a><a href=\"https:\/\/www.energy.gov\/eere\/geothermal\/geothermal-basics\">ones<\/a> at varying temperatures and depths below the Earth's surface. Wells can be drilled into the reservoirs to bring steam and very hot water that can be brought up to the surface for use in electricity generation, heating, and cooling. Twenty-seven countries currently <a href=\"https:\/\/www.eia.gov\/energyexplained\/geothermal\/use-of-geothermal-energy.php\">rely on geothermal energy<\/a>, with Iceland generating about <a href=\"https:\/\/nea.is\/geothermal\/\">a quarter of its electricity needs<\/a> and <a href=\"https:\/\/www.theguardian.com\/environment\/2008\/apr\/22\/renewableenergy.alternativeenergy\">some<\/a><a href=\"https:\/\/www.theguardian.com\/environment\/2008\/apr\/22\/renewableenergy.alternativeenergy\">90%<\/a> of its heating requirements from clean energy.<\/p>\n<p><strong>REMEMBER- Adnoc and Masdar are teaming up on geothermal energy production:<\/strong> Back in March, Adnoc <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/606014b5-eb0c-47e5-8d3a-8446eaf50037\">signed a five-year agreement<\/a> with UAE renewables giant Masdar to explore potential investment and development in the geothermal power sector, with Adnoc serving as Masdar\u2019s drilling technical expert. In February, Masdar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c0e6a33d-90d1-43dd-93ef-aa4e29a5d598\">acquired shares<\/a> in the geothermal unit of Indonesia\u2019s state-owned energy firm Pertamina, which plans to generate 600 MW of geothermal power by 2028.<\/p>\n<p><strong>Not the first regional suitors for the power source:<\/strong> In March, KSA\u2019s <a href=\"https:\/\/www.taqa.com.sa\/\">Industrialization and<\/a><a href=\"https:\/\/www.taqa.com.sa\/\">Energy Services Company (Taqa)<\/a> signed a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d285a31d-e4c9-4ea0-b5b3-0d9db0b73528\">joint venture agreement<\/a> with Iceland\u2019s Reykjavik Geothermal to establish the Taqa Geothermal Energy Company in Riyadh. The JV will explore sources of geothermal energy in Saudi Arabia in a bid to build up a generation capacity of 1 GW. Countries across the region including <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c36e751b-92e4-4bd7-9d5d-526732ac88a6\">KSA<\/a>, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cd06b96d-2941-4b4b-994d-e7a80296f885\">Oman<\/a>, and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f32cf6e4-11cc-47c8-ae15-88b8f65d72ad\">Jordan<\/a> are similarly stepping up efforts to tap into the clean energy source.<\/p>\n<p><strong>And research points to much potential:<\/strong> Two potential geothermal energy sources in Egypt can alone help mitigate 20 mn tons of CO2 emissions, <a href=\"https:\/\/ent.news\/2023\/3\/796.pdf\">one study (pdf)<\/a> finds. <a href=\"https:\/\/ent.news\/2023\/3\/797.pdf\">Another study (pdf)<\/a> identified 18 regions in Iran with promising geothermal prospects. The level of enthalpy \u2014 a measurement for the total heat content of a system \u2014 in geothermal reservoirs across the region are highest in Turkey, Iran, and Yemen, according to an <a href=\"https:\/\/ent.news\/2023\/3\/798.pdf\">academic review (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/geothermal\/\">GEOTHERMAL<\/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=\"78991\" 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=\"78991\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/78991\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78991\" class=\"content-area-description single-story post-78991 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78992\" 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=\"78992\">\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\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/\">\r\n                            IFC green bond issuance raises CAD 1 bn for green projects in emerging markets                        <\/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\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/\" 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\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/')\">\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\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/\">\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=IFC green bond issuance raises CAD 1 bn for green projects in emerging markets&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/\">\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\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/&title=IFC green bond issuance raises CAD 1 bn for green projects in emerging markets\">\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=IFC+green+bond+issuance+raises+CAD+1+bn+for+green+projects+in+emerging+markets+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F15%2Fifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets%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\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/269.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78993\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/ifc-green-bond-issuance-raises-cad-1-bn-for-green-projects-in-emerging-markets\/269-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/269.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"269.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/269.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/269.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78992\" class=\"content-area-description single-story post-78992 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-canada tag-debt-watch tag-emerging-markets tag-enterpriseclimate tag-green-finance tag-ifc wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><strong>IFC green bond proceeds will be funneled to emerging markets:<\/strong> The International Finance Corporation (IFC) has raised CAD 1 bn (USD 743.9 mn) in partnership with the National Bank of Canada Financial Markets (NBF) through a three-year green bond issuance, according to a <a href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=27699\">statement<\/a>. The IFC aims to use the funds to unlock private investment for climate-related projects in emerging markets, the statement added. It is unclear from the statement which specific emerging markets will be targeted with the proceeds from the issuance. Canada\u2019s <a href=\"https:\/\/www.scotiabank.com\/global\/en\/global-site.html\">Scotiabank<\/a> served as the lead manager on the benchmark green bond transaction.<\/p>\n<p><strong>What kind of projects are eligible?<\/strong> Through its established <a href=\"https:\/\/ent.news\/2023\/8\/2844.pdf\">Green Bond Framework (pdf)<\/a>, the IFC plans to pump the raised funds into a variety of green sectors, including renewable energy, energy efficiency, green buildings, clean transport, as well as biodiversity and ocean conservation and water protection.<\/p>\n<p><strong>Demand for the green finance vehicle was big:<\/strong> The trade attracted orders over CAD 1.5 bn, making it the IFC's second highly successful CAD issuance of the year and their largest CAD trade to date \u201cwith a well oversubscribed book,\u201d head and Managing Director at NBF Scott Graham said.<\/p>\n<p><strong>About IFC\u2019s Green Bond Framework:<\/strong> Since the launch of the green bond program in 2010, IFC has issued over USD 13 bn through 199 green bonds in 21 currencies, the statement disclosed. According to the framework\u2019s 2022 summary report, 25.6 mn tons of CO2 equivalent per year are curtailed as a result of the projects launched through the green bond program. Last year, the IFC broadened its Green Bond Framework to incorporate elements of blue finance and biodiversity through its publishing of the Guidelines for Blue Finance.<\/p>\n<p><strong>The IFC is a major contributor to green funding in the region:<\/strong> Last month, Egypt\u2019s largest private lender CIB said it is scheduled to receive a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8c1898dc-c12c-41d6-ae68-85ea2597d4ef\">USD 100 mn loan<\/a> from the IFC to help fund the bank\u2019s climate finance endeavors. Morocco\u2019s Mohammed VI Fund for Investment (M6FI) <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c3ae5738-220e-4074-a06e-2db728132239\">signed an agreement<\/a> with the International lender for support in identifying and financing sustainable infrastructure projects in the kingdom and the IFC approved a green loan worth <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10dcc130-f406-43a0-b23d-06358ad2e6a1\">EUR 100 mn<\/a> to state-owned fertilizer and phosphate giant OCP Group earlier this year to help finance the development of four solar plants yielding 202 MW. In February, IFC signed two separate agreements with state-owned <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c47e178f-2548-418b-8449-0d67836e0dd7\">Abu Dhabi Fund for Development<\/a> and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/efeb81e1-9bec-42cd-849b-e05815535e7b\">Masdar<\/a> to jointly invest in the energy transition for emerging markets. IFC also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3353d732-aa27-4d6d-95ba-2de58d5edd02\">helped fund<\/a> a 560 MW solar plant and 505 MW wind farm in Egypt developed by UAE\u2019s Amea Power.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/canada\/\">Canada<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ifc\/\">IFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78994\" 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=\"78994\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/uaes-taqa-and-ksas-maaden-report-drops-in-net-income-in-2q-while-ksas-tadweeer-sees-an-increase-of-19-8-in-1h-net-income\/\">\r\n                            UAE\u2019s Taqa and KSA\u2019s Ma\u2019aden report drops in net income in 2Q, while KSA\u2019s Tadweeer sees an increase of 19.8% in 1H net income                        <\/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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class=\"content-area-description single-story post-78994 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate tag-tadweeer tag-taqa 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>2Q earnings season is in full swing<\/strong>, and we have a mixed bag of reports this morning from UAE\u2019s Taqa and KSA\u2019s Ma\u2019aden and Tadweeer.<\/p>\n<p><strong>TAQA-<\/strong><\/p>\n<p><strong>A mixed season for Taqa<\/strong><strong>:<\/strong> Abu Dhabi National Energy Company (Taqa) reported a 17% y-o-y drop in net income in the second quarter of the year to AED 1.92 bn on the back of lower<\/p>\n<p>energy prices and reduced production, its <a href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=2910292\">financial statements (pdf) to ADX<\/a> showed. Its revenues were up 5% y-o-y for the three months ending in June to AED 13.7 bn.<\/p>\n<p><strong>A better 1H all in all<\/strong><strong>:<\/strong> Taqa reported a whooping y-o-y net income of AED 13.5 bn in the first six half of the year from AED 4.3 bn in the corresponding period last year, according to the financial statement. The rise in net income during 1H was driven by a one-off gain of AED 10.8 bn recognized on the acquisition of a 5% shareholding in Adnoc Gas, its <a href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=2910290\">earnings release (pdf)<\/a> showed on Monday. This was in part offset by a one-off AED 1.2 bn deferred tax liability associated with the introduction of corporate income tax from 1 January 2024 by the UAE. Its revenues were up 5.4% y-o-y in the first six months of the year to AED 26.8 bn. The growth in revenues during the period came on the back of higher pass-through bulk supply tariffs and transmission use of systems within the transmission and distribution segment.<\/p>\n<p><strong>Some highlights during the season:<\/strong> Taqa shed light on some of its achievements during the first half of the year, including a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e46f6295-cf5f-4786-87da-861cdc6dfb1e\">definitive agreement to acquire<\/a> water solutions firm Sustainable Water Solutions Holding Company, according to its earnings release. It also announced during the second quarter the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/70e34852-30ff-458c-b0a1-0ac55b1789c8\">financial closing for the Mirfa 2 Reverse Osmosis Desalination Plant<\/a>. The ambitious project will see Taqa taking a majority stake of 60% in the project company and a 40% stake in the project\u2019s operation and maintenance company. It also announced with Adnoc a AED 8.8 bn strategic project which will help provide sustainable water for Adnoc\u2019s onshore operations. Both parties will hold a 25.5% stake each in the project, which comprise a centralized seawater treatment facility and transportation network for Adnoc\u2019s onshore operations.<\/p>\n<p><strong>And internationally:<\/strong> Taqa embarked on its first transmission and distribution investment overseas with a AED 113 mn investment for the ambitious <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93dd0ba0-81cd-481c-b792-00590a24b3bf\">Xlinks\u2019 Morocco-UK Power Project<\/a>. Xlinks will lay 3.8k km high-voltage direct current (HVDC) subsea cable to eventually transport 3.6 GW of renewable energy \u2014 nearly 8% of the the UK\u2019s current requirements \u2014 from a 10.5 GW solar and wind farm in Morocco\u2019s Guelmim-Oued Noun region to Britain\u2019s power grid in Devon, it said <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/93dd0ba0-81cd-481c-b792-00590a24b3bf\">earlier this year<\/a>.<\/p>\n<p><strong>MA\u2019ADEN-<\/strong><\/p>\n<p><strong>A quarter to forget for Ma\u2019aden: <\/strong>Saudi Arabian Mining Company Ma\u2019aden reported a 91.3% y-o-y plunge in net income in the second quarter of the year to SAR 351 mn on the back of lower sales prices and higher expenditure, according to a <a href=\"https:\/\/tinyurl.com\/4vsztsdk\">disclosure to Tadawul<\/a>. Its revenues during the three months ending in June dropped 41.3% y-o-y to SAR 7 bn.<\/p>\n<p><strong>1H was bumpy too:<\/strong> The state-owned mining company reported a 88% y-o-y fall in net income during the first half of the year to SAR 770.4 mn, the disclosure showed. Its revenues were down 27.8% y-o-y during the first six months of the year to SAR 15 bn.<\/p>\n<p><strong>What\u2019s fuelling the drop?<\/strong> Ma\u2019aden attributed the drop in net income in 2Q to lower average realized sales prices of all its products except gold, and higher general and administrative expenses including expected credit loss allowance by 40%. The decrease in the second quarter was partially offset by higher sales volumes of all products except ammonia, primary aluminum, and flat rolled products. The drop in net income during the first half of the year compared to the corresponding period last year was due to lower sales prices of all products except gold and higher cost of sales by 10% due to increased production costs coming from higher sales volumes which were partially offset by a decrease in raw material costs. The fall in net income was partially offset by higher sales volumes of all products except primary aluminum and flat rolled products and lower selling, marketing, and logistics expenses by 24%.<\/p>\n<p><strong>TADWEEER-<\/strong><\/p>\n<p><strong>A solid 1H for KSA\u2019s <\/strong><strong>Tadweeer<\/strong><strong>: <\/strong>Saudi Arabia\u2019s National Environmental Recycling Co. (Tadweeer) reported a 19.8% y-o-y rise in net profit for 1H 2023 to SAR 10.14 mn on the back of an increase in operating income, according to financial results sent to <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_dboJAEIWfxQcwO0hc6CUtLdKggkhVbsy6TJVEWLIstvbpy49No62N3ezFzOQ7Z86QmCxJnLNDumUqFTnb1_0qpuuhRWEwMmEKo_kDUAgdGs1NzR5QsjgHzLFDIZhYwXRgDMF5ARL_Sw-hP4TgyR_rHszAAXqbHq4864b98Tkyte6MOsHzveN6lm5S4xL45cSLJT9vaIE_QoaYt5cYV6O6GllILEUlOZLZFpWV56LKOWaYKy8tlc0UIwFnfIceHnDvsy2SsFnNkkNaClk2FFk1kxK5EtIu3OTUH7ON2Hd1IUVScTU_FtgNlKitT3VRm4bpR91p0BkxyXcdq30BkyrboLQ3ZKU3o1cpsm8H1sTmTeiTat1vhQrfVdi6dVxSK3yUqWgiFlkULSF1--bbo56Z59_q9T4BxSHFFA!!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzk1NDAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc1NDA5\/\">Tadawul<\/a>. The company\u2019s revenues grew 34.6% y-o-y for the same period to SAR 257.9 mn.<\/p>\n<p><strong>Fueling the bottom line growth: <\/strong>Tadweeer attributed the growth in net profits after zakat and tax provisions to an almost 35% increase in sales from the corresponding period last year, which saw it rake in SAR 13.1 mn in operating income in 1H, the filing notes.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweeer\/\">Tadweeer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/taqa\/\">TAQA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78996\" 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=\"78996\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/\">\r\n                            Algeria and Russia are exploring mining cooperation                        <\/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\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/\" 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\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/')\">\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\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/\">\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=Algeria and Russia are exploring mining cooperation&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/\">\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\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/&title=Algeria and Russia are exploring mining cooperation\">\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=Algeria+and+Russia+are+exploring+mining+cooperation+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F15%2Falgeria-and-russia-are-exploring-mining-cooperation%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\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3077.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78997\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/algeria-and-russia-are-exploring-mining-cooperation\/3077-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3077.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3077.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3077.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3077.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78996\" class=\"content-area-description single-story post-78996 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-algeria tag-climate-diplomacy tag-enterpriseclimate tag-minerals tag-mining tag-russia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A possible mining cooperation between Algeria and Russia?<\/strong> Algeria\u2019s Energy and Mining Minister Mohamed Arkab mulled cooperating in the exploration sector with <a href=\"https:\/\/www.vsegei.ru\/en\/\">Karpinsky Russian Geological Research Institute<\/a> and Russia\u2019s seismic exploration company <a href=\"http:\/\/gseis.ru\/en\/\">GEOTECH Seismic Services<\/a>, according to a <a href=\"https:\/\/tinyurl.com\/ysfcn5tj\">statement<\/a> released last week. They discussed the possibility of creating partnerships and signing MoUs between the two sides for mineral exploration, especially for rare special metals, according to the statement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/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\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/russia\/\">Russia<\/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=\"78998\" 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=\"78998\">\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\">FROM THE CLIMATE STORE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/\">\r\n                            Cadillac unveils its all-electric Escalade IQ in MENA                        <\/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\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/\" 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\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/')\">\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\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/\">\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=Cadillac unveils its all-electric Escalade IQ in MENA&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/\">\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\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/&title=Cadillac unveils its all-electric Escalade IQ in MENA\">\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=Cadillac+unveils+its+all-electric+Escalade+IQ+in+MENA+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F15%2Fcadillac-unveils-its-all-electric-escalade-iq-in-mena%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\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1942.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78999\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/cadillac-unveils-its-all-electric-escalade-iq-in-mena\/1942-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1942.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1942.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1942.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1942.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78998\" class=\"content-area-description single-story post-78998 post type-post status-publish format-standard has-post-thumbnail hentry category-from-the-climate-store tag-enterpriseclimate tag-evs tag-from-the-climate-store tag-mena 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>US automaker Cadillac debuted the all-electric version of the <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2015-03-27\/the-cadillac-escalade-platinum-is-the-best-suv-america-makes\">best-selling<\/a><\/strong> <strong>Cadillac <\/strong><strong>Escalade IQ in <\/strong><strong>the Middle East<\/strong> <strong><a href=\"http:\/\/www.tradearabia.com\/news\/MTR_412145.html\">last week<\/a><\/strong>, according to a <a href=\"https:\/\/media.cadillac.com\/media\/me\/en\/cadillac\/home.detail.html\/content\/Pages\/news\/me\/en\/2023\/Cadillac\/08-09-cadillac-escalade-iq.html\">statement<\/a>. The EV will be available for purchase late in 2024, the company <a href=\"https:\/\/www.cadillac.com\/upcoming-vehicles\/escalade-iq\">notes<\/a>.<\/p>\n<p><strong>The specs:<\/strong> The EV packs a 200+ KWh battery with over 450 miles of range (c. 724 km) and 785 lb-ft of torque (<a href=\"https:\/\/youtu.be\/lnq7CbXTmQc?t=234\">watch, runtime, 3:55<\/a>). The Escalade IQ can reach up to 750 horsepower, going from 0-60 miles per hour in less than five seconds and recharges up to 100 miles (c.160 km) on a 10 minute 800 volt-direct current (DC) charge. It is also compatible with 240 volt, 19.2 KW alternate current (AC) home chargers, which add around 37 miles (c.60 km) of range in a one hour charge, according to <a href=\"https:\/\/www.caranddriver.com\/news\/a44737098\/2025-cadillac-escalade-iq-revealed\/\">Car and Driver<\/a>.<\/p>\n<p><strong>Spacious and smooth:<\/strong> The 19-foot long seven-seater has three rows of passengers and boasts Super Cruise hands-free driver assistance technology with features such as automatic lane change and allows for autonomous driving on compatible roads (<a href=\"https:\/\/youtu.be\/lnq7CbXTmQc?t=263\">watch, runtime, 4:23<\/a>). The EV\u2019s front truck also offers 12 cubic feet of storage.<\/p>\n<p><strong>Loads of tech on deck:<\/strong> Cabin technology features include a curved pillar-to-pillar 55-inch LED diagonal display system across the dashboard, with new tech enabling an active shutter to allow for content streaming for the front passenger while blocked from the driver\u2019s view (<a href=\"https:\/\/youtu.be\/lnq7CbXTmQc?t=176\">watch, runtime, 02:56<\/a>). The executive seating package for the pilot chairs behind the front seats includes 12.6 inch infotainment screens, a rear command center, stowable tray tables, wireless charging, headrest speakers, and heated seats that can provide massages. (<a href=\"https:\/\/youtu.be\/lnq7CbXTmQc?t=136\">watch, runtime, 02:17<\/a>).<\/p>\n<p><strong>The price tag:<\/strong> The starting price for the EV will be around USD 130k for the base model, with prices going up to USD 175k based on features, the company <a href=\"https:\/\/www.cadillac.com\/upcoming-vehicles\/escalade-iq\">notes<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/from-the-climate-store\/\">FROM THE CLIMATE STORE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mena\/\">MENA<\/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=\"79000\" 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=\"79000\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/ksas-zain-and-red-sea-global-launch-net-zero-5g-network-in-saudi-arabia-plus-egypt-expands-its-waste-management-and-biogas-production-push\/\">\r\n                            KSA\u2019s Zain and Red Sea Global launch net-zero 5G network in Saudi Arabia PLUS: Egypt expands its waste management and biogas production push                        <\/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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            \n<article id=\"post-79000\" class=\"content-area-description single-story post-79000 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-egypt tag-enterpriseclimate tag-net-zero tag-saudi-arabia tag-waste-management 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>KSA\u2019s Zain and RSG launch net-zero 5G network in the kingdom:<\/strong> Saudi Public Investment Fund-backed multi project developer Red Sea Global (RSG) and Kuwait-based telecom company Zain have developed the world\u2019s first carbon-neutral 5G network at the <a href=\"https:\/\/www.sixsenses.com\/en\/resorts\/southern-dunes-the-red-sea\">Six Senses Southern Dunes<\/a> resort at RSG\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4462380b-8c5d-4073-9989-79f8893efd61\">Red Sea Project<\/a> in KSA, the <a href=\"https:\/\/www.spa.gov.sa\/en\/7e81c32127s\">Saudi Press Agency<\/a> reports. The two companies used solar energy and 3D printing technology to construct net-zero communications towers to facilitate coverage without relying on carbon-intensive conventional alternatives, SPA notes. Building on the Red Sea Project\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f74516de-e97b-49cc-bd54-1c1e15b61aca\">750k PV panel<\/a> solar capacity and its 3D printing tech, Zain KSA plans to establish the world\u2019s largest carbon-neutral communications grid there, SPA says.<\/p>\n<p><strong>A push for waste management in Cairo:<\/strong> Egypt\u2019s Local Development Minister Hisham Amna has inaugurated an EGP 80 mn municipal solid waste station in Cairo\u2019s district of Ghamra, according to a <a href=\"https:\/\/tinyurl.com\/skvzxscb\">statement<\/a>. The station will serve eight neighborhoods in northern Cairo with a capacity of 1.5k to 2k tons per day of solid waste, enhancing waste collection in the district. Seven fixed and mobile intermediate stations have been set up in Cairo at a cost of EGP 220 mn under a plan to raise the efficiency of municipal solid waste collection and transport, according to the statement.<\/p>\n<p><strong>ALSO- Eni has an idea of such up its sleeve: <\/strong>Italian energy giant Eni has presented a proposal on an ambitious waste-to-energy project aimed at producing biofuels, according to a <a href=\"https:\/\/tinyurl.com\/5cn4z6hj\">statement<\/a> by Egypt\u2019s Oil Ministry. The project will use livestock and agricultural waste to produce biogas and organic fertilizers, providing an advanced system for a safe waste management of 140 tons of livestock and agricultural waste, the statement notes.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Number of EVs in KSA exceeds 70k:<\/strong> Saudi Arabia has so far imported a total of 71.2k electric and hybrid vehicles, 711 of which were imported this year and 14k arrived last year. A majority of the EVs came from the US, followed by Germany, Japan, and China, among others. (<a href=\"https:\/\/saudigazette.com.sa\/article\/634884\/SAUDI-ARABIA\/Saudi-Arabia-imports-71000-EV\">Saudi Gazette<\/a>)<\/li>\n<li><strong>Solar-powered Egyptian antiquity:<\/strong> Egypt\u2019s Tourism and Antiquities Ministry has begun setting up solar energy stations at four museums and archaeological sites at an overall capacity of 85 kW and a cost of USD 95k. (<a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2955781\">Al Masry Al Youm<\/a>)<\/li>\n<li><strong>Beeah Tandeef employs use of AI cameras: <\/strong>Beeah Tandeef \u2014 the waste collection and city cleaning arm of the UAE\u2019s Beeah Group \u2014 has rolled out AI-enabled 360\u00b0 camera systems for its waste collection vehicles in a bid to streamline refuse management. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303186347\">Wam<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/net-zero\/\">net-zero<\/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\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79002\" 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=\"79002\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/\">\r\n                            The UK is building a solar plant on a landfill to solve land scarcity in cities                        <\/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\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/\" 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\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/')\">\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\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/\">\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 UK is building a solar plant on a landfill to solve land scarcity in cities&url=https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/\">\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\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/&title=The UK is building a solar plant on a landfill to solve land scarcity in cities\">\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+is+building+a+solar+plant+on+a+landfill+to+solve+land+scarcity+in+cities+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F08%2F15%2Fthe-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities%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\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2953.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79003\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/15\/the-uk-is-building-a-solar-plant-on-a-landfill-to-solve-land-scarcity-in-cities\/2953-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2953.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2953.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2953.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2953.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79002\" class=\"content-area-description single-story post-79002 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-renewables tag-solar-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-07\"><\/a><strong>British solar developers found a solution for limited space for solar farms: <\/strong>A 58.8 MW solar park under construction on the outskirts of London is being built on top of 5 mn tons landfill, providing an example of how clean energy providers can solve the space dilemma when tasked with supplying power to big cities, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-12\/solar-farm-near-london-built-on-giant-trash-heap?srnd=green#xj4y7vzkg\">Bloomberg<\/a> reports. Transmission, distribution, and proximity to electricity use are important factors when planning a solar project, according to Popkin from the Rocky Mountain Institute, adding landfill solar allows for the reinvention of these sites for future energy needs.<\/p>\n<p><strong>How they did it: <\/strong>To prevent the foundations of the fixed panels from piercing through the sealing of the landfill site underground, the panels needed to be fixed to ballasted bases made of concrete, Bloomberg explains. Additionally, some had to be installed with adjustable legs in case the ground moves over time as the trash underneath decomposes. These factors led to the plant costing around 5% more than a solar farm installed on ordinary land, director of business development at <a href=\"https:\/\/www.ntrplc.com\/\">NTR Plc<\/a> Eamonn Medley told the news outlet. In similar pilot projects in the US and southern Brazil, the cost can be as much as 15% higher depending on the state of the landfill as well as freight and material prices.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Climate change is battering Afghanistan:<\/strong> A persistent drought exacerbated by climate change is worsening the humanitarian crisis in Afghanistan, taking its toll on food security and the economy \u2014 a third of which is generated by agriculture. (<a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/prolonged-drought-deepens-afghanistans-humanitarian-crisis-2023-08-11\/\">Reuters<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar 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=\"79004\" 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\/08\/15\/79004\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79004\" class=\"content-area-description single-story post-79004 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>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>, Dominican Republic.<\/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>12-13 September (Tuesday-Wednesday): <a href=\"https:\/\/events.reutersevents.com\/energy-transition\/industry-usa?utm_source=Reuters.com&utm_medium=EventListing&utm_campaign=5903\">Industry Transition 2023<\/a>, Pittsburgh, USA.<\/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>10-11 October (Tuesday-Wednesday): <a href=\"https:\/\/greenenergyafricasummit.com\/home\">Green Energy Africa Summit<\/a>, Cape Town International Convention Centre 2, Cape Town, South Africa.<\/p>\n<p>8-12 October (Sunday-Thursday): <a href=\"https:\/\/unfccc.int\/MENACW2023\">MENA Climate Week<\/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>25-26 October (Friday-Saturday): <a href=\"https:\/\/events.reutersevents.com\/renewable-energy\/offshore-floating-wind-europe?utm_source=Reuters.com&utm_medium=Event%20Listing%20-%20Energy%20Page\">Offshore & Floating Wind Europe 2023<\/a>, London, United Kingdom.<\/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>1-3 November (Wednesday-Friday): <a href=\"https:\/\/forbesmiddleeastevents.com\/sustainability-leaders-summit\/\">Forbes Middle East Sustainability Leaders Summit 2023<\/a>, Abu Dhabi, UAE.<\/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>DECEMBER 2024<\/strong><\/p>\n<p>2-13 December (Monday-Friday): <a href=\"https:\/\/www.unccd.int\/news-stories\/notifications\/sixteenth-session-unccd-conference-parties-cop-16-riyadh\">Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification<\/a>, Riyadh, KSA.<\/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\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":78985,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78984","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f0e9ad09-edf1-4ca0-b1fb-9b21dfdeeb36","teaser":"","photo_url":"https:\/\/ent.news\/2019\/6\/moneymoneymoney-1600px.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>UAE\u2019s Tabreed and Adnoc partner on MENA\u2019s first geothermal energy project - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/uaes-tabreed-and-adnoc-partner-on-menas-first-geothermal-energy-project\/\" \/>\n<meta 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