{"id":81129,"date":"2023-12-11T07:00:00","date_gmt":"2023-12-11T07:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=81129"},"modified":"2025-12-15T10:00:46","modified_gmt":"2025-12-15T10:00:46","slug":"cop28-final-negotiations-have-kicked-off-and-its-a-fossil-fuel-standoff","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/cop28-final-negotiations-have-kicked-off-and-its-a-fossil-fuel-standoff\/","title":{"rendered":"COP28 final negotiations have kicked off and it\u2019s a fossil fuel standoff"},"content":{"rendered":"<section id=\"81131\" 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=\"81131\">\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\/12\/11\/today-its-a-fossil-fuel-standoff-as-cop28-final-negotiations-progress\/\">\r\n                            TODAY: It\u2019s a fossil fuel standoff as COP28 final negotiations progress                        <\/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\/12\/11\/today-its-a-fossil-fuel-standoff-as-cop28-final-negotiations-progress\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We have a full rundown on where discussions stand this morning and what we missed over the weekend. But first\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY EVERYWHERE- <\/strong><strong>COP28 pledges will not limit global warming to 1.5 <\/strong><strong>\u00b0C<\/strong><strong>:<\/strong> The 2030 pledges made so far at COP to triple renewables capacity, phase out methane emissions, and end routine gas flaring, represent only a third of the greenhouse gas abatements needed to meet the Paris-agreed 1.5 \u00b0C warming threshold, according to the International Energy Agency (IEA). To bridge the emissions gap, a large-scale financing mechanism, a solid global agreement to divest away from fossil fuels, and bringing an end to the commissioning of unabated coal plants, are needed to mobilize renewables investments for developing markets, the <a target=\"_blank\" href=\"https:\/\/www.iea.org\/commentaries\/what-does-cop28-need-to-do-to-keep-1-5-c-within-reach-these-are-the-iea-s-five-criteria-for-success\" style=\"\" rel=\"noopener\">IEA says<\/a>. More than 100 countries and 50 oil and gas companies have made pledges at COP.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/08e08334-f637-4a4f-8374-3f6c24ba7dd2\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/cop28-pledges-so-far-not-enough-limit-warming-15c-iea-2023-12-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/cop28-pledges-so-far-not-enough-limit-warming-15c-iea-2023-12-10\/\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.euronews.com\/green\/2023\/12\/10\/cop28-food-agriculture-and-water-on-the-table-on-day-10-of-the-un-climate-summit\" style=\"\" rel=\"noopener\">Euronews<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>A BRIEF LOOK AT COPLAND-<\/strong><strong>It\u2019s a fossil fuel standoff: <\/strong>With COP28\u2019s final negotiations in progress and the release of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d1d25c12-9d45-475e-92de-41bf139e7207\" style=\"\" rel=\"noopener\">COP28 Global Stocktake<\/a> inching closer, negotiators are still disagreeing over reaching a unanimous verdict on phasing out or phasing down fossil fuels, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/opec-members-push-against-including-fossil-fuels-phase-out-cop28-deal-2023-12-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. If the final text is to deliver a verdict on globally phasing out fossil fuels, it would be crucial that the phaseout be fair and \u201cfinanced by developed countries,\u201d representative for the developing countries bloc Diego Pacheco <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/live\/2023\/dec\/10\/cop28-live-focus-on-food-and-agriculture-as-climate-change-summit-continues?filterKeyEvents=false&page=with:block-6575903b8f0848ff947d5dca#block-6575903b8f0848ff947d5dca:~:text=10.23%C2%A0GMT-,Developing%20countries%20bloc%20say%20fossil%20fuel%20phaseout%20must%20be%20fully%20financed%20and%20fair,-Nina%20Lakhani\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC\u2019S WHIPPING MEMBERS INTO SHAPE- <\/strong>The division over the draft text has widened as OPEC nudges its members to reject a draft that targets a fossil fuel phaseout, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-08\/opec-urges-members-to-reject-targeting-of-fossil-fuels-at-cop28?srnd=green&leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a letter sent to OPEC\u2019s 13 members by Opec Secretary-General Haitham Al Ghais. The oil cartel \u2014 spearheaded by Saudi Arabia \u2014 has been pressuring the UAE to avert the focus of negotiations away from phasing out oil and gas production, according to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3f4cd713-9875-4c7d-9986-81453bf33206\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EUROPE IS CRYING FOUL- <\/strong>Saudi\u2019s lobbying <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3f4cd713-9875-4c7d-9986-81453bf33206\" style=\"\" rel=\"noopener\">prompted backlash<\/a> from EU negotiators. EU officials are calling Saudi and OPEC\u2019s actions at COP28 <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/eu-condemns-out-whack-opec-attempt-block-cop28-fossil-fuel-deal-2023-12-09\/\" style=\"\" rel=\"noopener\">\u201cout of whack\u201d and \u201cunhelpful\u201d<\/a> \u2014 even \u201cdisgusting.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE US IS ALSO NOT GAME ON PHASING OUT-<\/strong> The US has refused to join a <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/amp\/article\/57993\" style=\"\" rel=\"noopener\">Dutch-led coalition<\/a> made up of <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/dutch-led-coalition-moves-phase-out-fossil-fuel-subsidies-cop28-2023-12-09\/\" style=\"\" rel=\"noopener\">12 nations<\/a> who have agreed to disclose their fossil fuel subsidies within a year, with the aim of setting up a comprehensive phaseout strategy to eliminate them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT OPEN TO COMPROMISE-<\/strong> Some are trying to build consensus on the idea of <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/energy-oil\/future-of-fossil-fuels-at-stake-in-homestretch-of-climate-talks-7f9bdb27\" style=\"\" rel=\"noopener\">phasing out fossil fuels for power plants<\/a> and other facilities that don\u2019t have carbon capture and sequestration technology. China and the US \u2014 the world\u2019s two largest emitters of greenhouse gasses \u2014 are also <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/the-chinese-and-american-climate-negotiators-pushing-for-a-deal-718ca207?mod=Searchresults_pos1&page=1\" style=\"\" rel=\"noopener\">pushing for a compromise<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE STANDOFF IS CRITICAL- <\/strong>Any one of the 198 countries attending can prevent the adoption of a final text. Saudi foil Fatih Birol, the head of the International Energy Agency, is demanding delegates reach a consensus on an \u201corderly and just decline in fossil fuels in line with our international climate goals\u201d before the summit wraps up, he told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/08e08334-f637-4a4f-8374-3f6c24ba7dd2\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE CLIMATE FINANCING FRONT-<\/strong>Russia is trying to unfreeze its gold reserves to contribute to financing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/71017814-88a9-452e-870e-3bae48d2dd38\" style=\"\" rel=\"noopener\">recently operational<\/a> loss and damage fund, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/russia-tries-unfreeze-gold-reserves-climate-funds-cop28-2023-12-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday. Russia's international reserves \u2014 amounting to around USD 300 bn \u2014 were frozen last year after the war on Ukraine started. The country is doing \u201ceverything possible\u201d to stop the West from seizing its frozen reserves, the newswire wrote citing comments made by Russia's climate envoy at the COP28 summit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>AND THE UAE WON\u2019T RETAIN COP PRESIDENCY- Azerbaijan to the rescue: <\/strong>Azerbaijan is set to host COP29 after the Eastern European bloc agreed to have its capital city Baku as the host of the UN climate summit, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-09\/cop28-azerbaijan-to-be-confirmed-as-host-of-cop29-with-russia-s-backing?srnd=green&leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Saturday. The petrostate won <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/azerbaijan-says-overall-consensus-baku-hosting-cop29-2023-12-09\/\" style=\"\" rel=\"noopener\">backing<\/a> from the 23 members of the Eastern European bloc after it pushed Armenia to <a target=\"_blank\" href=\"https:\/\/caspiannews.com\/news-detail\/azerbaijan-armenia-forge-historic-rapprochement-with-joint-statement-2023-12-9-0\/#:~:text=Armenian%20authorities%20withdrew%20the%20country%E2%80%99s%20candidacy%20for%20hosting%20the%20upcoming%20COP29%20Summit%20to%20support%20Azerbaijan%E2%80%99s%20bid%20for%20the%20same%20status.%20In%20response%2C%20the%20government%20of%20Azerbaijan%20announced%20its%20support%20for%20Armenia%E2%80%99s%20candidature%20for%20Eastern%20European%20Group%20COP%20Bureau%20membership.\" style=\"\" rel=\"noopener\">withdraw<\/a> its own bid. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geopolitical tensions (read: the Russia-Ukraine war) made things difficult:<\/strong> The UN had been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c264753d-668d-4e38-9b22-1d444773be56\" style=\"\" rel=\"noopener\">struggling to find a host<\/a> for COP29 due to threats by Russia to veto any bid by a European Union member. Prior to agreeing on Azerbaijan, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/moldova-volunteers-run-cop29-climate-summit-serbia-also-mulls-bid-sources-2023-12-07\/\" style=\"\" rel=\"noopener\">Moldova and Serbia<\/a> had both applied to preside over the COP29 climate summit. Under the UN\u2019s <a target=\"_blank\" href=\"https:\/\/unfccc.int\/resource\/docs\/publications\/how_to_cop_unfccc.pdf\" style=\"\" rel=\"noopener\">guidelines<\/a>, the COP venue rotates among the five UN regional groups yearly, with this year being the Eastern European bloc\u2019s turn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a><\/strong><strong>WATCH <\/strong><strong>THIS SPACE #1- Gulf of Suez wind farm to begin commercial operations: <\/strong>Vestas\u2019 250 MW wind farm in Egypt\u2019s Gulf of Suez is set to begin commercial operations by the end of the month, a government source tells Enterprise Climate. Vestas will hand over operations to Egypt\u2019s New and Renewable Energy Agency (NREA) and handle maintenance on the farm for three years after commercial launch. The project will also see the capacity of wind-generated energy in Egypt reach a total of 2 GW, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/35dwZ\" style=\"\" rel=\"noopener\">Youm7<\/a> reported on Friday. Vestas began <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf26e061-2b72-4c32-800d-5b5cdf6b74ee\" style=\"\" rel=\"noopener\">trial operations<\/a> on the wind farm last month before the start of commercial operations and the handover to NREA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH <\/strong><strong>THIS SPACE #2<\/strong><strong>- The EU\u2019s central bank gains power to intervene if banks fail to manage climate <\/strong><strong>risks:<\/strong> The European Central Bank (ECB) is set to gain increased authority in monitoring how lenders plan to transition to a net zero carbon economy as EU lawmakers expand its powers to include climate change risks, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-08\/ecb-gets-new-powers-from-eu-over-climate-crypto-bank-risks?srnd=green&leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday, citing the text of the provisional agreement yet to be formally approved by EU\u2019s Parliament and Council. The new update in the provisional text allows the ECB to act \u201cwhen there are risks arising from transition trends toward\u201d the climate targets within the EU, the newswire adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EU also extended a mandate on cutting gas imports: <\/strong>The EU has reached an agreement to grant member states the authority to halt gas imports from Russia and Belarus, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d6a06e26-7256-4b97-92dd-7131fb676ad8\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Friday. \u201cThe proposal could provide a basis for EU energy companies to get out of contracts with Russian gas providers without having to pay hefty compensation,\u201d a senior official of the bloc said, according to FT. This would push EU countries to accelerate the diversification of their fuel sources away from natural gas and towards green energy. Last year, the EU Commision set a target for the bloc to cut off Russian fossil fuels by 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>WATCH THIS SPACE #3-<\/strong><strong>Maersk to launch first large methanol-enabled vessel on AE7 <\/strong><strong>string: <\/strong>Danish shipping giant Maersk is set to deploy the first of 18 large methanol-enabled vessels on the AE7 string \u2014 the trade lane connecting Asia and Europe through the Suez Canal \u2014 on 9 February 2024, according to a <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/12\/07\/maersk-to-deploy-first-large-methanol-enabled-vessel-on-asia-europe-trade-lane\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The vessel is equipped with a dual-fuel engine, meaning it can run on methanol as well as biodiesel and conventional bunker fuel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Maersk wants to eventually make its own green fuel:<\/strong> Maersk and its parent company AP Moller Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/44a3d983-83d8-45c6-83e3-9156552b9a3a\" style=\"\" rel=\"noopener\">established a new company<\/a> called C2X to produce and sell green methanol back in September. C2X is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ada2dd3e-f049-4674-9bbb-17ae04edd933\" style=\"\" rel=\"noopener\">investing USD 3 bn<\/a> for the annual production of 300k tons of green methanol and its derivatives in the Suez Canal Economic Zone.<\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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 target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop29\/\">COP29<\/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\/maersk\/\">Maersk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/methanol\/\">methanol<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/668.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81135\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/masdars-cop28-train-keeps-rolling-and-its-been-a-busy-time-for-waste-management-agreements\/668-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/668.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"668.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/668.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/668.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81134\" class=\"content-area-description single-story post-81134 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-agreements tag-amea-power tag-cop-watch-agreements tag-decarbonization tag-emissions tag-enterpriseclimate tag-green-hydrogen tag-masdar tag-netherlands tag-port-of-amsterdam tag-renewables tag-uae tag-verbund tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.48056529-4177-4202-a6f4-53442b3a5c3d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Green hydrogen and waste galore at COP28: <\/strong>Green hydrogen was at the top of Masdar\u2019s agenda the last few days and Amea Power entered the ring with a foray into Mauritania. Waste management has also made a splash with a spate of agreements from Bee\u2019ah and Tadweer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GREEN HYDROGEN-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar and Austria\u2019s OMV partner on green hydrogen:<\/strong> UAE renewables developer Masdar signed on Friday a Heads of Terms (HoT) agreement with Austria-based integrated oil and gas company OMV to develop a \u201clarge-scale\u201d green hydrogen plant, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-signs-agreement-with-omv-to-produce-green-hydrogen\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The location of the electrolysis facility, targeted generation capacity, and an expected timeline on the project were not disclosed, but the companies are expected to make a final investment decision on the plant in 2H 2024. The HoT follows an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2d5c490e-1324-4371-bde7-c939aaf0dbc5\" style=\"\" rel=\"noopener\">earlier agreement<\/a> between the two sides to explore cooperation in the green fuels and renewables sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More progress on a UAE-EU hydrogen <\/strong><strong>corridor<\/strong><strong>:<\/strong> The renewables firm also signed an agreement with the Port of Amsterdam and Dutch firms SkyNRG, Evos Amsterdam, and Zenith Energy to explore developing a supply chain for Europe to export green hydrogen from Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq01oga-masdar-signs-agreement-explore-exporting-green\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The expected investment ticket for the green hydrogen corridor and when shipments are expected were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Both sides had signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/757bf5d3-3c24-496e-8345-18e4d771a340\" style=\"\" rel=\"noopener\">earlier agreements<\/a> back in January to explore the possibility of exporting green fuels produced by Masdar in Abu Dhabi to Europe through the Port of Amsterdam, the EU\u2019s fourth largest sea port. The companies also plan to establish a land-based green fuels supply chain to transport green hydrogen to the remainder of Europe from Amsterdam via trucks, pipeline, and barge. The green hydrogen would be used in Dutch sustainable aviation, bunkering for shipping, and steelmaking industries, Wam notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what:<\/strong> Zenith will work on developing a liquid hydrogen supply chain to facilitate imports, while Evos Amsterdam will manage development of a liquid organic hydrogen carrier supply network. Sustainable aviation fuel (SAF) supplier SkyNRG is establishing a network of SAF production facilities and will use the hydrogen as feedstock for its operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Masdar and Austria's <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.verbund.com\/en-at\" style=\"\" rel=\"noopener\">Verbund<\/a><\/strong><strong> Green Hydrogen GmbH have signed an agreement <\/strong><strong>to jointly explore the feasibility of establishing a green hydrogen plant in Spain<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-and-verbund-to-explore-developing-large-scale-green-hydrogen-production\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The green hydrogen produced will be used to decarbonize Spain or Europe\u2019s hard-to-abate sectors including steel, fertilizers, chemicals, heavy transportation, and aviation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Amea Power taps into Mauritania\u2019s renewables and green hydrogen: <\/strong>UAE-based renewables developer Amea Power signed two MoUs with the government of Mauritania to establish a 3 GW green hydrogen plant and two renewables projects with a combined 200 MW generation capacity in the African country, according to a cabinet <a target=\"_blank\" href=\"https:\/\/bit.ly\/3uSZNXw\" style=\"\" rel=\"noopener\">statement<\/a>. Amea says it is looking to build a 100 MW wind farm and a 100 MW solar plant in Mauritania, both of which would be supplemented with battery energy storage systems. The timeline and investment tickets for the three projects were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amea has big plans for Africa: <\/strong>Last week, Amea Power said it will build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ed27f271-4ef0-4c19-a983-e5cc49fbe87c\" style=\"\" rel=\"noopener\">USD 600 mn, 300 MW<\/a> onshore wind power plant in Ethiopia and plans to sign a USD 800 mn agreement with Geothermal Development Co. of Kenya to develop the 200 MW Baka geothermal energy generation plant in the African country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WASTE MANAGEMENT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A waste management initiative by <\/strong><strong>Bee'ah <\/strong><strong>in Egypt: <\/strong>The UAE's Bee'ah has signed an agreement with Egypt's Environment Ministry and Administrative Capital for Urban Development (ACUD) to bolster waste management services in the country\u2019s New Administrative Capital, according to a <a target=\"_blank\" href=\"https:\/\/bit.ly\/47ODErP\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The initiative aims to divert 80% of waste away from landfills as well as develop waste management infrastructure including advanced collection systems, recycling facilities, and waste treatment plants.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweer <\/strong><strong>+ Levidian partner to slash landfill emissions: <\/strong>Tadweer has signed an agreement with the UK's Levidian to reduce methane emissions from Abu Dhabi's largest landfill site, according to a <a target=\"_blank\" href=\"https:\/\/www.levidian.com\/recent-press2\/a-cleaner-future-for-landfill-levidian-and-tadweer\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The agreement covers the deployment of <a target=\"_blank\" href=\"https:\/\/www.levidian.com\/loop\" style=\"\" rel=\"noopener\">Levidian's Loop tech<\/a> to sequester and store carbon from organic waste gasses producing a hydrogen blend gas that can generate clean electricity and reduce about 40% of emissions. If successful, the project could be scaled up to process 1.2 bn cubic meters of landfill gas over the next decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweer <\/strong><strong>also partnered with Uzbekistan on waste management:<\/strong> Tadweer has signed an agreement with Uzbekistan's Ecology, Environmental Protection, and Climate Change Ministry to establish a waste-to-energy plant and conduct feasibility studies for waste collection, according to a <a target=\"_blank\" href=\"https:\/\/bit.ly\/3RfqbT1\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The company also signed an MoU with Japan's Bureau of Environment to advance sustainable waste management practices, the company <a target=\"_blank\" href=\"https:\/\/x.com\/Tadweer_cwm\/status\/1733390422934696257?s=20\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai will repurpose COP28\u2019s waste with help from <\/strong><strong>Dulsco<\/strong><strong>: <\/strong>The Dubai Municipality signed an agreement on Saturday with UAE waste management firm <a target=\"_blank\" href=\"https:\/\/www.dulsco.com\/\" style=\"\" rel=\"noopener\">Dulsco<\/a> to recycle some of the waste generated during COP28 into fertilizers and convert the rest into energy, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq1tylr-dubai-municipality-dulsco-group-sign-mou-manage\" style=\"\" rel=\"noopener\">Wam<\/a> reports. 55% of the garbage produced during the summit will be used for waste-to-energy generation, while the other 35% will be recycled into fertilizers to be sold to Dubai\u2019s agriculture sector, Wam notes. The summit has been producing around 30 tons of waste daily. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RENEWABLES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait is getting a new green city courtesy of EnerTech and SEE <\/strong><strong>Holding<\/strong><strong>: <\/strong>Kuwaiti state-owned green tech investor and developer <a target=\"_blank\" href=\"https:\/\/enertech.com.kw\/\" style=\"\" rel=\"noopener\">EnerTech<\/a> signed an agreement with UAE-based sustainable architecture and investment company <a target=\"_blank\" href=\"https:\/\/seeholding.com\/\" style=\"\" rel=\"noopener\">SEE Holding<\/a> to establish a green, renewables-powered microcity in Kuwait, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/see-holding-enertech-to-develop-sustainable-city-in-kuwait-gofyktgf\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. A planned 16 MW solar farm will generate 120% of the city\u2019s energy needs. The green city will have a waste-to-biogas production plant, recycle 100% of its water, and produce 50% of its own agricultural needs. The investment ticket and construction date of the project were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahrain <\/strong><strong>will get a 100 MW solar plant:<\/strong> Bahrain's Electricity and Water Authority (EWA) and <a target=\"_blank\" href=\"https:\/\/www.bahrainsteel.com.bh\/#!\/home\" style=\"\" rel=\"noopener\">Bahrain Steel<\/a> are partnering on a 100 MW solar plant in the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/BahrainSteel\/posts\/pfbid02MQ1j7CKYUAKCwbmruYZYBWvZiZ3Qsi5zEu3DCxGt4yHqwCxHcuV4iCDk9tWSRifMl\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The project will be established in three phases over three years and across seven connection points, produce 167 GWh of solar energy annually, and reduce the carbon footprint by 44%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Masdar has another solar farm in the works: <\/strong>Masdar is partnering with Bee'ah Group and the Sharjah Electricity, Water, and Gas Authority to convert the 68 hectare Al Sajah landfill in Sharjah into a 120 MW solar farm, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/masdar.ae\/posts\/pfbid0Sk4U45za2LAzfxKjttZNBezNgwwU77HH7A6WPNZys6agYj4etvCU56nDJxHg9M8el\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The expected price tag and timeline of the project were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DECARBONIZATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Steel Arkan, Khalifa University and Ohmium International partner on <\/strong><strong>decarbonizing steel<\/strong><strong>:<\/strong> The UAE\u2019s largest steel manufacturer Emirates Steel Arkan signed an agreement with Abu Dhabi\u2019s Khalifa University and US-based electrolyzer producer Ohmium International to develop a green hydrogen-focused research and development program for decarbonizing the UAE\u2019s steel industry, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratessteelarkan.com\/press\/emirates-steel-arkan-khalifa-university-and-ohmium-international-collaborate-on-green-hydrogen-research-hub\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. Emirates Steel Arkan aims to build on the research as it looks to produce Direct Reduced Iron and expand in the green steel sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE <\/strong><strong>tech research group launches Blockchain carbon platform:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/cryptography\" style=\"\" rel=\"noopener\">Cryptography<\/a><a target=\"_blank\" href=\"https:\/\/www.tii.ae\/cryptography\" style=\"\" rel=\"noopener\">Research Center<\/a> (CRC) at UAE's <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/\" style=\"\" rel=\"noopener\">Technology Innovation Institute<\/a> (TII) launched a blockchain-powered carbon tracking and trading platform to facilitate international trade in carbon tokens, according to a <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/news\/technology-innovation-institute-unveils-blockchain-powered-carbon-emissions-tracking-and\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The platform is the first to implement a blockchain-enabled Proof of Concept to accurately track emissions by registering the credits from any public or private organization globally. Auditors can then certify the emissions through the different stages of capture, storage, and trading.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s Taqa will trial Octopus Energy\u2019s power management platform Kraken <\/strong><strong>regionally<\/strong><strong>: <\/strong>The Abu Dhabi National Energy Company (Taqa) signed an agreement with British renewables developer Octopus Energy Group to trial the latter\u2019s AI-powered energy management platform <a target=\"_blank\" href=\"https:\/\/octopusenergy.group\/kraken-technologies\" style=\"\" rel=\"noopener\">Kraken<\/a> across its UAE operations, according to a <a target=\"_blank\" href=\"https:\/\/octopus.energy\/press\/TAQA_Kraken_partnership\/\" style=\"\" rel=\"noopener\">statement<\/a> published last week. A timeline for the pilot project\u2019s launch was not provided. The Kraken platform enables energy firms to create and launch eco-friendly energy solutions while also managing customer inquiries in a faster and more comprehensive manner, the company notes. Both sides are also exploring the creation of a UAE-based joint venture through which they would establish an energy tech innovation and development hub in the Emirates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first UAE suitor for the Kraken:<\/strong> Back in May, Emirati renewables developer Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/17914fba-1449-4dcd-978d-ef341c5dcd91\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Octopus Energy to have the British company manage its UK-based BESS facilities using Kraken.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>The UAE\u2019s Lootah partners with Malaysia\u2019s FatHopes on <\/strong><strong>SAFs<\/strong><strong>:<\/strong> Dubai-based biofuels producer <a target=\"_blank\" href=\"https:\/\/www.lootahbiofuels.com\/\" style=\"\" rel=\"noopener\">Lootah<\/a> has signed an agreement with Malaysian counterpart <a target=\"_blank\" href=\"https:\/\/www.fathopesenergy.com\/\" style=\"\" rel=\"noopener\">FatHopes Energy<\/a> to study the feasibility of establishing 200k sq meter sustainable aviation fuel (SAF) feedstock aggregation storage terminal in Malaysia that serve as a stockpile site for a planned UAE-based SAF refinery. Both sides will also explore franchising FatHopes\u2019 biomass-to-SAF technology across MENA. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq18be2-%D8%AE%D9%84%D8%A7%D9%84-cop28-%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D8%A8%D9%8A%D9%86-%D9%84%D9%88%D8%AA%D8%A7%D9%87-%D9%84%D9%84%D9%88%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%AD%D9%8A%D9%88%D9%8A\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>Dubai <\/strong><strong>Municipality + Dewa partner on waste to energy:<\/strong> Dubai Municipality and the Dubai Electricity and Water Authority (Dewa) signed an agreement for a project to generate electricity from biogases extracted from a landfill in Muhaisnah 5. The project will offset some 300k tons of CO2 annually. <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/ar\/news\/2023\/December\/07-12\/Dubai-Municipality-and-DEWA-sign-agreement\" style=\"\" rel=\"noopener\">(Statement)<\/a> <\/li>\n<li><strong>Abu <\/strong><strong>Dhabi DoE partners with Irena + University of Arizona: <\/strong>The Abu Dhabi Department of Energy (DoE) has signed an MoU with the International Renewable Energy Agency (Irena) to cooperate on renewable energy policies and long-term energy scenarios and modeling to drive the energy transition. The two will also collaborate on water security in the UAE. (<a target=\"_blank\" href=\"https:\/\/www.doe.gov.ae\/Media-Centre\/News\/Abu-Dhabi-Department-of-Energy-partners-with-University\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Egypt <\/strong><strong>+ UAE partner on nuclear energy: <\/strong>The Emirates Nuclear Energy Corporation (ENEC) and Egypt\u2019s Nuclear Power Plants Authority (NPPA) signed an MoU to set a framework for cooperating on advancing the use of nuclear energy. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0c2aQy9WZLKddLTgpzpTbrmwGASnHcA3UPG3HUiLYqVMNDMWQRio36Jq849KEJQbgl\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Adnoc and Japan\u2019s Mitsubishi partner on green <\/strong><strong>fuels<\/strong><strong>: <\/strong>The Abu Dhabi National Oil Company inked a strategic collaboration agreement with Japan\u2019s Mitsubishi Heavy Industries to jointly study the development of green hydrogen and ammonia value chains in a bid to help decarbonize their operations. (<a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-and-mitsubishi-heavy-industries-to-explore-opportunities\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>KSA\u2019s Modern Group partners with Zoetic Global on district cooling<\/strong>: KSA\u2019s <a target=\"_blank\" href=\"http:\/\/www.moderngroup-sa.com\/\" style=\"\" rel=\"noopener\">Modern<\/a><a target=\"_blank\" href=\"http:\/\/www.moderngroup-sa.com\/\" style=\"\" rel=\"noopener\">Industrial Investment Holding Group<\/a> signed an agreement with US-based green tech firm <a target=\"_blank\" href=\"https:\/\/www.zoeticglobal.com\/\" style=\"\" rel=\"noopener\">Zoetic Global<\/a> to explore usage of the latter\u2019s <a target=\"_blank\" href=\"https:\/\/zoeticrefrigerants.com\/\" style=\"\" rel=\"noopener\">refrigerant technology<\/a> as part of the company plans to expand district cooling across its operations. Zoetic\u2019s tech can cut between 20-40% of cooling costs while slashing emissions. (<a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/breaking-news-zoetic-global-and-the-modern-group-join-forces-to-achieve-net-zero-carbon-goals-302007732.html\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Schneider Electric teams up with LMD on green cities: <\/strong>Schneider Electric and Egypt-based real estate developer <a target=\"_blank\" href=\"https:\/\/lmd.com.eg\/\" style=\"\" rel=\"noopener\">LMD<\/a> to use its <a target=\"_blank\" href=\"https:\/\/www.aveva.com\/en\/products\/unified-operations-center-for-smart-cities\/\" style=\"\" rel=\"noopener\">Aveva Unified Operations Center for Smart Cities<\/a> across LMD projects in Egypt and Dubai. (<a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2023\/12\/07\/schneider-electric-and-lmd-sign-mou-to-provide-smart-city-management-solutions-for-lmds-projects-in-egypt-and-uae\/\" style=\"\" rel=\"noopener\">Daily News<\/a><a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2023\/12\/07\/schneider-electric-and-lmd-sign-mou-to-provide-smart-city-management-solutions-for-lmds-projects-in-egypt-and-uae\/\" style=\"\" rel=\"noopener\">Egypt<\/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\/amea-power\/\">Amea Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop-watch-agreements\/\">COP WATCH - 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   <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81136\" 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=\"81136\">\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\">COP WATCH - FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/eib-issues-first-common-principles-on-nature-positive-finance-and-usd-bns-in-financing-for-solar-and-agriculture\/\">\r\n                            EIB issues first common principles on nature-positive finance and USD bns in financing for 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id=\"post-81136\" class=\"content-area-description single-story post-81136 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-finance tag-agriculture tag-aim-for-climate tag-cop-watch-finance tag-cop28 tag-eib tag-enterpriseclimate tag-green-finance tag-solar-energy tag-trina-solar tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.f2934333-446b-46c5-870e-41ddfb16ec2b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EIB issues first common principles on nature-positive <\/strong><strong>finance<\/strong><strong>: <\/strong>The European Investment Bank (EIB) and a number of other multilateral development banks (MDBs) issued <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/624.pdf\" style=\"\" rel=\"noopener\">common principles (pdf)<\/a> aimed at identifying and tracking investments earmarked for the protection, restoration, and sustainable use of natural resources (dubbed \u201cnature-positive financing\u201d), according to a <a target=\"_blank\" href=\"https:\/\/www.eib.org\/en\/press\/all\/2023-502-cop28-multilateral-development-banks-publish-first-common-principles-for-nature-positive-finance\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The move comes in efforts to help financial institutions, governments, and corporations implement the Kunming-Montreal Global Biodiversity Framework. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The Kunming-Montreal Global Biodiversity Framework \u2014 passed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3748ce46-e4db-486e-be5f-11fbc8499a5f\" style=\"\" rel=\"noopener\">during COP15 in Montreal<\/a> last December \u2014 aims to protect 30% of the planet\u2019s oceans and lands by 2030. The framework sets a goal for wealthy countries to increase their aid contributions for biodiversity to USD 25 bn annually starting 2025 and USD 30 bn annually by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the common principles: <\/strong>The principles aim to guide the development and implementation of MDBs\u2019 respective frameworks and internal methodologies for tracking nature-positive finance. It also sets out to facilitate comparability and enable financiers to assess whether the capital they\u2019re earmarking for environmental projects deliver a meaningful and quantifiable contribution to nature, EIB notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s Trina will invest USD 5 bn to build a solar energy hub in the <\/strong><strong>UAE<\/strong><strong>: <\/strong>Chinese solar panel manufacturing giant Trina Solar says it will spend up to USD 5 bn to build an integrated solar energy value chain in the UAE, company CEO Katherine Gao told <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq0n41m-chinese-company-announces-plans-commit-billion\" style=\"\" rel=\"noopener\">Wam<\/a> on Thursday. A timeline on the company\u2019s planned projects was not provided. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Trina has been ramping up its activities in the UAE: <\/strong>The Chinese firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3b2f2a90-8f79-4088-aa01-917e57578b4f\" style=\"\" rel=\"noopener\">inked an MoU<\/a> with AD Ports and China-based investment firm Jiangsu Provincial Overseas Cooperation and Investment (JOCIC) back in October to build a large-scale PV manufacturing base in Abu Dhabi. Trina also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe9183cb-2ed5-4b06-bee1-d035a0de282c\" style=\"\" rel=\"noopener\">delivered 800 MW<\/a> of solar modules to Abu Dhabi\u2019s 2 GW Al Dhafra solar plant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A UAE-US climate agriculture initiative secures USD 17 bn in investments: <\/strong>The UAE-US\u2019 <a target=\"_blank\" href=\"https:\/\/www.aimforclimate.org\/\" style=\"\" rel=\"noopener\">Agriculture Innovation Mission for Climate<\/a> (AIM for Climate) initiative secured approximately USD 17 bn in investments, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/612.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> on Friday. USD 12 bn of the investments came from over 600 government partners, while the other USD 5 bn came from 27 new <a target=\"_blank\" href=\"https:\/\/www.aimforclimate.org\/innovation-sprints\" style=\"\" rel=\"noopener\">Innovation Sprints<\/a> \u2014 initiatives led and funded by partners to support small farmers in low and middle-income countries, and invest in emerging technologies, agroecological research, and methane reduction. The USD 17 bn in investments is more than double the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e6167da5-7401-4525-a79d-20e3e0de4124\" style=\"\" rel=\"noopener\">USD 8 bn pledged at COP27<\/a>, and 4x the USD 4 bn invested when the program first launched at COP26. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The food and agriculture sector secured USD 3 bn at COP28 so far: <\/strong>Governments, philanthropies, and private sector players have so far pledged USD 3 bn in climate financing toward the food and agriculture industries at COP28, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/58012\/%D8%AA%D8%B9%D9%87%D8%AF%D8%A7%D8%AA-%D8%A8%D8%A3%D9%83%D8%AB%D8%B1-%D9%85%D9%86-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%84%D8%AD%D8%AF-%D9%85%D9%86-%D8%A7%D9%86%D8%A8%D8%B9%D8%A7%D8%AB%D8%A7%D8%AA-%D8%A7%D9%84%D8%B2%D8%B1%D8%A7%D8%B9%D8%A9-%D9%88%D8%A7%D9%84%D8%BA%D8%B0%D8%A7%D8%A1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported on Friday. Climate driven-extreme weather led to USD 3.8 tn worth of crop failures and livestock losses over the past three decades, according to the <a target=\"_blank\" href=\"https:\/\/www.fao.org\/newsroom\/detail\/first-ever-global-estimation-of-the-impact-of-disasters-on-agriculture\/en\" style=\"\" rel=\"noopener\">United Nations<\/a>. Even if the Paris-agreed 1.5 C warming limit is met, global food production will still suffer a severe impact, US special envoy for global food security Cary Fowler told <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/live\/2023\/dec\/10\/cop28-live-focus-on-food-and-agriculture-as-climate-change-summit-continues?filterKeyEvents=false&page=with:block-6575b8108f0848ff947d5f10#block-6575b8108f0848ff947d5f10\" style=\"\" rel=\"noopener\">The Guardian<\/a> yesterday. To unlock more climate finance for the agri and food sectors, the COP28 Presidency <a target=\"_blank\" href=\"https:\/\/twitter.com\/COP28_UAE\/status\/1733805160172761271\" style=\"\" rel=\"noopener\">launched<\/a> the three-year Sharm-El Sheikh Support Programme to support farmers, food producers, small agribusinesses and local communities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UAE pledges USD 220 mn for Africa\u2019s health sector: <\/strong>The UAE will extend a USD 220 mn grant to help some African countries build health care systems to address the impacts of climate change.(<a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq1tz0a-shakhboot-bin-nahyan-announces-200-million-pledge\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>U<\/strong><strong>SD <\/strong><strong>186 mn in pledges for nature conservation efforts:<\/strong> Countries and non-state players pledged around USD 186 mn for forests, mangroves, and ocean climate action at COP28\u2019s Nature, Land Use, and Ocean Day. (<a target=\"_blank\" href=\"https:\/\/www.cop28.com\/en\/news\/2023\/12\/United-for-Nature-COP28-mobilizes-action-to-protect\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>US <\/strong><strong>to unveil hydrogen subsidy guidance: <\/strong>The US will release guidance for hydrogen producers to get subsidies for production after COP28 to jumpstart the industry with subsidies of USD 3 per kg. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/us-release-hydrogen-subsidy-guidance-after-cop28-2023-12-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<li><strong>US-based KKR aims to raise USD 7 bn from its maiden climate fund:<\/strong>US-based investment firm KKR is looking to raise as much as USD 7 bn from its first planned climate transition fund. The new fund \u2014 expected to achieve its first financial close in 1H 2024 \u2014 will scope out green mobility, battery storage, and decarbonization projects across the US, EU, and Asia Pacific markets, with plans to earmark between USD 300 and 750 mn for each venture. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/kkr-seeks-raise-up-7-billion-first-global-climate-fund-source-2023-12-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<li><strong>Another <\/strong><strong>green loan from ADCB:<\/strong> Abu Dhabi Commercial Bank (ADCB) extended an AED 500 mn sustainability-linked loan to Lulu Group.(<a target=\"_blank\" href=\"https:\/\/x.com\/OfficialADCB\/status\/1732359873734508748?s=20\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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id=\"81139\" 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=\"81139\">\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\">COP WATCH - POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/cop28-negotiators-introduce-draft-text-for-new-global-adaptation-goals-global-finance-experts-roll-out-climate-finance-roadmap\/\">\r\n                            COP28 negotiators introduce draft text for new global adaptation goals + Global finance experts roll out climate finance roadmap                        <\/a>\r\n                    <\/h3>\r\n\r\n              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href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/cop28-negotiators-introduce-draft-text-for-new-global-adaptation-goals-global-finance-experts-roll-out-climate-finance-roadmap\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81140\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/cop28-negotiators-introduce-draft-text-for-new-global-adaptation-goals-global-finance-experts-roll-out-climate-finance-roadmap\/563-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"563.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81139\" class=\"content-area-description single-story post-81139 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-policy tag-adaptation tag-cop-watch-policy tag-cop28 tag-enterpriseclimate tag-gga tag-green-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.c008042b-711d-4533-8f30-91a9e58dee8a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP28 delivers \u201cweak\u201d draft for global adaptation framework: <\/strong>COP28 negotiators introduced a draft for the new Global Goal on Adaptation (GGA) yesterday outlining the new global framework for adaptation plans and funding, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/live\/2023\/dec\/10\/cop28-live-focus-on-food-and-agriculture-as-climate-change-summit-continues?filterKeyEvents=false&page=with:block-65755da18f08c64a67375196#block-65755da18f08c64a67375196:~:text=07.05%C2%A0GMT-,Draft%20text%20on%20global%20goal%20on%20adaptation%20published,-Nina%20Lakhani\" style=\"\" rel=\"noopener\">The Guardian<\/a> reports. Delegates from climate-vulnerable countries have raised their concerns about the \u201cdisappointing\u2019 draft as it did not stipulate any targets committing \u201cwealthy countries to provide the finance needed to make the adaptation goal a reality on the ground,\u201d Teresa Anderson, global lead on climate justice for <a target=\"_blank\" href=\"https:\/\/actionaid.org\/\" style=\"\" rel=\"noopener\">ActionAid International<\/a> said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where did the draft fall short? <\/strong>Despite highlighting the funding gap for adaptation strategies and calling upon developed countries to double their adaptation finance, the draft failed to address a clear goal for effectively increasing the funding. There is a gap in climate finance amounting to USD 387 bn, according to UNEP\u2019s <a target=\"_blank\" href=\"https:\/\/www.unep.org\/resources\/adaptation-gap-report-2023\" style=\"\" rel=\"noopener\">Adaptation Gap<\/a> report. The framework also pushed back setting solid, measurable targets for global adaptation until the implementation of a two-year program to develop a system for evaluating progress on the adaptation goals. Talks on Equity and Common But Differentiated Responsibilities (CBDR), stated as one of the UNFCCC principles, are also being foiled by some developed countries. Developed countries have reportedly introduced a \u201cno text,\u201d option, leaving out any mention of a CBDR provision in the draft. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global finance experts roll out climate finance roadmap:<\/strong> The UN\u2019s Independent High-Level Expert Group (IHLEG) released its <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/623.pdf\" style=\"\" rel=\"noopener\">Climate Finance Framework (pdf)<\/a> report outlining the action plans needed to implement the recently released <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/622.pdf\" style=\"\" rel=\"noopener\">UAE Leaders Declaration on a Global Climate Finance Framework (pdf)<\/a>, and deliver on the Paris Agreement. The report outlines a roadmap to deliver climate funding and address the issues facing emerging markets and developing countries (EMDCs) in their implementation of adaptation and mitigation policies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mobilizing domestic funds:<\/strong> In its report, the IHLEG identified Domestic Resource Mobilization as the first pillar to establish the foundation for a resilient climate finance system. 60% of climate investment financing is expected to be raised from domestic resources on the back of being the most feasible of climate finance methods due to the prospects of boosting tax revenues. Ramping up domestic fiscal funding can be achieved through, expanding the taxation scope without raising tax rates, enforcing a minimum corporate tax rate, and harnessing digital tech in tax revenue administration, amongst other policies, the report outlines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scaling up private investment to meet climate goals:<\/strong> With a minimum of USD 1 tn needed annually to fund climate goals in EMDCs, the report highlighted the role of the private sector in raising domestic and international private finance. Private finance can be mobilized for climate funding through various channels, such as scaling up tailored and efficient de-risking instruments, enhancing data quality and availability, consolidating the role of private businesses in EMDCs, and calling for private investments in adaptation strategies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strengthening the role of MDBs: <\/strong>Multi Development Banks (MDBs) play an essential role in unlocking climate finance and sustainable investments. The IHLEG identified a couple of gaps that MDBs need to bridge, including ramping up transformative investments in energy transition and adaptation, scaling up the scope of partnerships with the private sector, tripling climate-oriented lending, and establishing a transparency and accountability system to assess the progress of the development banks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Widening access to concessional finance: <\/strong>The framework called for scaling up EMDCs\u2019 access to concessional funding through improving the <a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Topics\/special-drawing-right\" style=\"\" rel=\"noopener\">special drawing rights<\/a> (SDRs) allocation system. The IHLEG also highlighted worldwide carbon pricing and taxation of high-emitting sectors as two of the methods to inject liquidity into the concessional finance system, in addition to tapping international philanthropies (including from the corporate sector) to increase their donations for climate action. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt, EU to collaborate on sustainable water management: <\/strong>The Egyptian Water Resources and Irrigation Ministry inked a Joint Declaration with the EU Commission for Environment to strengthen cooperation on sustainable water resource management in Egypt, according to a <a target=\"_blank\" href=\"https:\/\/bit.ly\/3t2u1Hf\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The partnership will see the two parties exchange knowledge and expertise on water management and explore technologies to develop adaptation strategies. Under the partnership, a high-level progress review meeting is set to be held annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Roland Berger + Bee'ah Group-led consortium debuts global mechanism for recycling: <\/strong>A consortium led by UAE waste management company Bee'ah Group and management consultancy firm Roland Berger, in collaboration with <a target=\"_blank\" href=\"https:\/\/dfinity.org\/\" style=\"\" rel=\"noopener\">DFINITY<\/a> Foundation and the International Solid Waste Association (<a target=\"_blank\" href=\"https:\/\/www.iswa.org\/\" style=\"\" rel=\"noopener\">ISWA<\/a>), launched the first global Voluntary Recycling Credits (VRC) initiative to cut companies\u2019 solid waste footprints, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq01odg-voluntary-recycling-credits-initiative-launched\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The consortium <a target=\"_blank\" href=\"https:\/\/www.cop28.com\/en\/schedule\/launch-of-voluntary-recycling-credits-setting-an-incentive-mechanism-for-the-waste-management-ind\" style=\"\" rel=\"noopener\">premiered<\/a> the first live transaction last week at COP28. The complete VCR platform is set to be officially introduced some time in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The UAE unveils global \u2018Waste to Zero\u2019 decarbonization initiative:<\/strong> Spearheaded by the UAE Climate Change and Environment Ministry (<a target=\"_blank\" href=\"https:\/\/www.moccae.gov.ae\/en\/home.aspx\" style=\"\" rel=\"noopener\">MOCCAE<\/a>) and Abu Dhabi Waste Management Company (<a target=\"_blank\" href=\"https:\/\/x.com\/Tadweer_cwm\/status\/1732754562002403674?s=20\" style=\"\" rel=\"noopener\">Tadweer<\/a>), the UAE launched its global \u2018Waste to Zero\u2019 initiative to reduce carbon emissions in the waste management sector, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq0n3e3-waste-zero-initiative-launches-cop28\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. Backed by global management consultancy firm <a target=\"_blank\" href=\"https:\/\/www.consultancy-me.com\/news\/7042\/waste-to-zero-consortium-taps-roland-berger-as-consulting-partner\" style=\"\" rel=\"noopener\">Roland Berger<\/a>, the initiative will serve as a voluntary coalition comprising governments, NGOs and the private sector. The initiative will promote cooperation and developing solutions for waste management by hosting discussions, workshops, and awareness programs globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Morocco <\/strong><strong>joins coal phase-out coalition:<\/strong> In alignment with its energy transition strategy, Morocco joined the <a target=\"_blank\" href=\"https:\/\/poweringpastcoal.org\/\" style=\"\" rel=\"noopener\">Powering Past<\/a><a target=\"_blank\" href=\"https:\/\/poweringpastcoal.org\/\" style=\"\" rel=\"noopener\">C<\/a><a target=\"_blank\" href=\"https:\/\/poweringpastcoal.org\/\" style=\"\" rel=\"noopener\">oal Alliance<\/a> \u2014 a coalition of national and subnational governments, businesses and organizations working to advance the move away from unabated coal power generation to clean energy. The US, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1f26c512-0555-49d7-a1e4-dcd387ac5afe\" style=\"\" rel=\"noopener\">the UAE<\/a>, the Czech Republic, Norway, the Dominican Republic, and Iceland also joined the alliance which now has 60 members. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/morocco-joins-international-campaign-phase-out-coal-2023-12-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<li><strong>Canada x UAE join forces to decarbonize the cement industry: <\/strong>Canada and the UAE have launched a joint initiative to slash carbon emissions from the cement and concrete industry. In line with the UAE\u2019s push to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/dbc49ef0-8a37-4566-b25f-9077094fb806\" style=\"\" rel=\"noopener\">decarbonize its industrial sectors<\/a>, the initiative targets ramping up investments in decarbonizing the cement sector and was endorsed by the governments of the UK, Ireland, Japan, and Germany. (<a target=\"_blank\" href=\"https:\/\/www.canada.ca\/en\/innovation-science-economic-development\/news\/2023\/12\/canada-and-the-united-arab-emirates-leading-global-push-for-decarbonization-of-cement.html\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Aviation sector on track to cut carbon emissions: <\/strong>The international aviation industry is poised to achieve its 2050 decarbonization targets outlined in the <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/12l0byf-icao-members-adopt-dubai-framework-new-global\" style=\"\" rel=\"noopener\">Dubai Global Framework<\/a>. The framework was launched by the International Civil Aviation Organisation ahead of COP28 and adopted unanimously by the members. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/12ls717-dubai-global-framework-strong-push-reduce-carbon\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>Tadweer cracks down on textile waste:<\/strong> UAE-based Abu Dhabi Waste Management Company (Tadweer) unveiled its Integrated Textile Circularity initiative aimed at encouraging consumers and businesses to recycle textiles. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq0n3ys-tadweer-launches-integrated-sustainability\" style=\"\" rel=\"noopener\">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\/adaptation\/\">adaptation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop-watch-policy\/\">COP WATCH - POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gga\/\">GGA<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81141\" 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=\"81141\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/\">\r\n                            Oman\u2019s 500 MW Manah solar project secures USD 301 mn in funding                        <\/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\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/\" 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\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/')\">\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\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Oman\u2019s 500 MW Manah solar project secures USD 301 mn in funding&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/\">\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\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/&title=Oman\u2019s 500 MW Manah solar project secures USD 301 mn in funding\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Oman%E2%80%99s+500+MW+Manah+solar+project+secures+USD+301+mn+in+funding+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F11%2Fomans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding%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\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/24.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81142\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/omans-500-mw-manah-solar-project-secures-usd-301-mn-in-funding\/24-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/24.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"24.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/24.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/24.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81141\" class=\"content-area-description single-story post-81141 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-edf-renewables tag-enterpriseclimate tag-kowepco tag-oman tag-solar tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.39c60cb3-6afb-448e-bfed-3a0d4e5a53d5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More funding for Oman\u2019s Manah solar farm:<\/strong> Oman\u2019s 500 MW Manah solar project \u2014 developed by a consortium comprising French power utility EDF Renewables and Korea Western Power (Kowepco) \u2014 has secured USD 301.8 mn in funding from three major international financial institutions, <a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1146652\/business\/manah-1-solar-project-secures-301m-in-funding\" style=\"\" rel=\"noopener\">Oman Observer<\/a> reported on Friday. <a target=\"_blank\" href=\"https:\/\/www.societegenerale.com\/fr\" style=\"\" rel=\"noopener\">Soci\u00e9t\u00e9 G\u00e9n\u00e9rale<\/a>, the Korea Eximbank, and <a target=\"_blank\" href=\"https:\/\/www.bankmuscat.com\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Bank Muscat<\/a> of the Sultanate of Oman have signed on to finance the solar project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The project \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c3e47e3-bcd8-4236-80d6-b8cebe4c02c2\" style=\"\" rel=\"noopener\">which broke ground in September<\/a> \u2014 will boast around 1 mn bifacial PV modules and provide clean energy for approximately 50k homes while offsetting 780k tons of CO2 annually. EDF Renewables and Kowepco tapped Australian engineering services firm Worley as owner engineer for the project. The Australian firm will partner with Wadi Noor Solar Power Company to deliver the facility in a timely manner.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more to come:<\/strong> Manah 1 is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3aad63f3-6a3c-472b-950e-1d350da25403\" style=\"\" rel=\"noopener\">one half of a larger project<\/a> by Oman\u2019s Power and Water Procurement Company to build a solar plant with a combined capacity of 1 GW. The combined cost of Manah 1 and Manah 2 will amount to over OMR 300 mn (c. USD 780 mn) and will be the largest in the sultanate. A JV made up of Singapore\u2019s Sembcorp Utilities and China\u2019s Jinko Power was selected to develop the Manah 2 solar plant in March, and both Manah 1 and Manah 2 are expected to be operational by 2025.<\/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\/edf-renewables\/\">EDF Renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kowepco\/\">Kowepco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/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=\"81143\" 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=\"81143\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/\">\r\n                            ADIB lists first USD-denominated green sukuk on ADX                        <\/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\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/\" 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\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/')\">\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\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/\">\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=ADIB lists first USD-denominated green sukuk on ADX&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/\">\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\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/&title=ADIB lists first USD-denominated green sukuk on ADX\">\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=ADIB+lists+first+USD-denominated+green+sukuk+on+ADX+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F11%2Fadib-lists-first-usd-denominated-green-sukuk-on-adx%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\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/609.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81144\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/adib-lists-first-usd-denominated-green-sukuk-on-adx\/609-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/609.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"609.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/609.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/609.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81143\" class=\"content-area-description single-story post-81143 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-adib tag-adx tag-capital-markets tag-enterpriseclimate tag-green-finance tag-green-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.450155bc-9863-43f1-b3d6-8227efc7d5e5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIB <\/strong><strong>USD-denominated green sukuk hits the ADX:<\/strong> Abu Dhabi Islamic Bank (ADIB) has listed its USD-denominated green sukuk \u2014 which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe765ef1-a458-455e-a57c-95f58739230c\" style=\"\" rel=\"noopener\">debuted back in November<\/a> \u2014 on the Abu Dhabi Securities Exchange (ADX), according to a <a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\/pages\/news_details.aspx?id=451\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the debut sale:<\/strong> ADIB\u2019s USD-denominated green sukuk debut successfully raised USD 500 mn. The green sukuk issuance was 5.2x oversubscribed, closing at USD 2.6 bn. The oversubscription allowed the lender to tighten the final price to 115 bps over the five-year US Treasury Rate from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/50566655-418f-40e4-b5ca-7913be69829e\" style=\"\" rel=\"noopener\">initial announced price<\/a> of 145 bps. ADIB intends to allocate the issuance's net proceeds to fund green projects to accelerate the green transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global demand:<\/strong> The lender saw strong demand globally, with the majority from MENA at 78% of final allocations. Some 13% of the allocations came from Europe and 9% from Asia and the US. Private banks accounted for 26% of the investors, followed by commercial banks (42%) and asset and fund managers (17%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>The Islamic lender tapped Standard Chartered Bank as sole global coordinator, along with Emirates NBD Capital, First Abu Dhabi Bank, and Sharjah Islamic Bank as joint bookrunners and joint lead managers, according to the document. ADIB itself will also jump in as a joint bookrunner and manager.<\/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\/adib\/\">ADIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/capital-markets\/\">CAPITAL 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\/green-sukuk\/\">Green sukuk<\/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=\"81145\" 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=\"81145\">\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\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/\">\r\n                            UAE\u2019s Enoc opens its first green hydrogen fueling station                        <\/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\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/\" 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\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/')\">\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\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/\">\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 Enoc opens its first green hydrogen fueling station&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/\">\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\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/&title=UAE\u2019s Enoc opens its first green hydrogen fueling station\">\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+Enoc+opens+its+first+green+hydrogen+fueling+station+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F11%2Fuaes-enoc-opens-its-first-green-hydrogen-fueling-station%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\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/655.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81146\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/11\/uaes-enoc-opens-its-first-green-hydrogen-fueling-station\/655-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/655.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"655.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/655.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/655.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81145\" class=\"content-area-description single-story post-81145 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enoc tag-enterpriseclimate tag-green-hydrogen tag-savi tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.eccfd6ef-bcdd-408b-b110-f6d0821e6591.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Enoc launches its first green hydrogen fueling station for vehicles: <\/strong>The Emirates National Oil Company Group (Enoc) has partnered with the Dubai Electricity and Water Authority (Dewa) and Al-Futtaim Toyota to open its first green fuel station for hydrogen-powered vehicles, according to a <a target=\"_blank\" href=\"https:\/\/www.enoc.com\/en\/media-centre\/news-releases\/press-release-detail\/id\/456\/enoc-group-opens-first-integrated-fuel-station-that-includes-green-hydrogen-in-collaboration-with-dewa?csrt=1826874057104850465\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The station is located in the Service Station of the Future (SSoF) in Expo City Dubai. With the addition of the green hydrogen station, SSoF is now the first integrated station in the region to provide green hydrogen, hydrocarbon fuels (petrol and diesel) and electric charging stations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enoc + Dewa collaborated earlier this year:<\/strong> The company inked an MoU with Dewa <a target=\"_blank\" href=\"https:\/\/www.enoc.com\/en\/media-centre\/news-releases\/press-release-detail\/id\/390\/dewa-and-enoc-sign-an-mou-to-develop-and-operate-a-joint-integrated-pilot-project-for-the-use-of-hydrogen-in-mobility?csrt=1826874057104850465\" style=\"\" rel=\"noopener\">in February<\/a> to develop and operate a joint integrated pilot project for the use of hydrogen in the transport sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Enoc has a green ammonia plant in the works: <\/strong>Enoc and Tokyo-headquartered engineering firm <a target=\"_blank\" href=\"https:\/\/www.ihi.co.jp\/en\/\" style=\"\" rel=\"noopener\">IHI Corporation<\/a> are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1ddd3d0-43d9-40f7-aebb-4519f739265d\" style=\"\" rel=\"noopener\">launching feasibility studies<\/a> on their planned UAE-based green ammonia production plant after signing an MoU <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5f48eb2c-9a0f-4409-920d-2b8548efab01\" style=\"\" rel=\"noopener\">back in 2022<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bee'ah partners with India\u2019s Lohum on EV battery <\/strong><strong>recycling<\/strong><strong>: <\/strong>UAE waste management company Bee'ah Group signed an agreement with Indian lithium-ion battery recycling firm Lohum to establish the UAE\u2019s first EV battery repurposing facility, according to a <a target=\"_blank\" href=\"https:\/\/rb.gy\/rk6y6a\" style=\"\" rel=\"noopener\">statement<\/a>. The plant is expected to recycle some 30k end-of-life batteries annually, converting the spent cells into <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/engineering\/energy-storage-system\" style=\"\" rel=\"noopener\">energy storage systems<\/a> (ESS). The plant\u2019s operational timeline and investment ticket were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UK\u2019s Gridserve joins Abu Dhabi's SAVI cluster: <\/strong>British sustainable energy company <a target=\"_blank\" href=\"https:\/\/www.gridserve.com\/\" style=\"\" rel=\"noopener\">Gridserve<\/a> has partnered with the Abu Dhabi Investment Office (Adio) to join the Smart and Autonomous Vehicles Industry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/56d7f8c9-cf7d-4600-8c74-f371977576d4\" style=\"\" rel=\"noopener\">(SAVI) cluster<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2023\/12\/09\/adio-and-uks-gridserve-team-up-to-help-grow-uaes-electric-vehicle-industry\/\" style=\"\" rel=\"noopener\">The National<\/a>)<\/li>\n<li><strong>Abu Dhabi launches food loss and waste reduction strategy: <\/strong>The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) launched a food loss and waste reduction strategy to cut food waste by 50%. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/adafsa-launches-food-loss-and-waste-reduction-strategy-and-together-blessings-last-campaign-a3cuktcz\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>The Saudi Electricity Company will leverage AI to cut its <\/strong><strong>emissions<\/strong><strong>:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.se.com.sa\/\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/www.se.com.sa\/\" style=\"\" rel=\"noopener\">Electricity Company<\/a> (SEC) signed an agreement with Scotland-based non-profit green tech developer <a target=\"_blank\" href=\"https:\/\/www.netzerotc.com\/\" style=\"\" rel=\"noopener\">Net Zero Technology Centre<\/a> and business consulting firm <a target=\"_blank\" href=\"https:\/\/www.accenture.com\/us-en\" style=\"\" rel=\"noopener\">Accenture<\/a> to develop AI-powered carbon reduction mechanisms. (<a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2009350\" style=\"\" rel=\"noopener\">SPA<\/a>)<\/li>\n<li><strong>New tech for ACs: <\/strong>Chinese HVAC company <a target=\"_blank\" href=\"https:\/\/global.gree.com\/\" style=\"\" rel=\"noopener\">Gree Global<\/a> unveiled its solar VRF (Variable Refrigerant Flow) air conditioning system equipped with AI leading to 99% power efficiency. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gree-unveils-revolutionary-solar-powered-vrf-system-at-cop28-sxhxw4ha\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>S<\/strong><strong>audi\u2019s Yelo to add Geely Geometry C electric cars to its fleet: <\/strong>Saudi Arabian car rental company <a target=\"_blank\" href=\"https:\/\/iyelo.com\/en\" style=\"\" rel=\"noopener\">Yelo<\/a> has signed an agreement with Wallan Trading Company, Geely\u2019s exclusive agent in Saudi Arabia, to receive Geely Geometry C electric cars. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/yelo-strengthens-its-fleet-with-geely-geometry-c-electric-cars-from-wallan-trading-company-k5za40lu\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/enoc\/\">ENOC<\/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\/savi\/\">SAVI<\/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=\"81147\" 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\/12\/11\/81147\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81147\" class=\"content-area-description single-story post-81147 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 style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:17pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><span style=\"font-weight:700\">NOVEMBER 2023<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November - 12 December (Thursday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unfccc.int\/\" style=\"\">Conference of the Parties (COP 28)<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2023<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-10 December (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabisustainabilityweek.com\/en\/media\/news\/adsw-sets-out-bold-global-climate-action-agenda-at-cop28\" style=\"\">Abu Dhabi Sustainability Week COP28 Special Edition<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-8 December (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fii-institute.org\/conference\/priority-asia-in-hong-kong\/#section-236-345\" style=\"\">Future Investment Initiative (FII) Priority<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/masdar.ae\/Strategic-Platforms\/Youth-4-Sustainability\/Youth-4-Sustainability-Hub\" style=\"\">Youth for Sustainability Forum (Y4S)<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/ghseoman\/\" style=\"\">Green Hydrogen Summit Oman<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 December (Monday-Wednesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-sg.com\/en\/\" style=\"\">Saudi Arabia Smart Grid Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-11 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\">Future Minerals Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conferences.uaeu.ac.ae\/warms2024\/en\/index.shtml\" style=\"\">Management and Sustainability of Water Resources<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\">International Conference on Sand and Dust Storms in the Arabian Peninsula<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Future Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting Green Hydrogen MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aemobforum.com\/\" style=\"\">Autonomous E-Mobility Forum<\/a><\/span><span>, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unccd.int\/news-stories\/notifications\/sixteenth-session-unccd-conference-parties-cop-16-riyadh\" style=\"\">Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Early 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/us-algeria-energy-and-investment.org\/\" style=\"\">The 2023 US Algeria Energy Forum<\/a><\/span><span style=\"font-weight:400;\">, Washington DC, USA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.safcongressmena.com\/\" style=\"\">Sustainable Aviation Futures MENA Congress<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2024: Emirati <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ar.ae\" style=\"\">Masdar<\/a><\/span><span>\u2019s 500 MW wind farm in Uzbekistan to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\" style=\"\">begin commercial operations<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s industrial cities solar power project <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\" style=\"\">will start electricity<\/a><\/span><span style=\"font-weight:400;\"> production. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\" style=\"\">International Union for Conservation of Nature World Conservation Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\" style=\"\">have over 1k<\/a><\/span><span style=\"font-weight:400;\"> EV charging stations installed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 October (Monday-Thursday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2002883\" style=\"\">World Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uitpsummit.org\/\" style=\"\">UITP Global Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2023\/04\/19\/imf-and-the-world-bank-group-to-hold-2026-annual-meetings-in-bangkok-thailand\" style=\"\">Annual Meetings of the World Bank and the International Monetary Fund<\/a><\/span><span style=\"font-weight:400;\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2026: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s USD 1 bn blue ammonia plant <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\">to be completed<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2026: HSBC Bahrain to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\" style=\"\">eliminate single-use<\/a><\/span><span style=\"font-weight:400;\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>MENA\u2019s district cooling market is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\" style=\"\">expected to reach<\/a><\/span><span style=\"font-weight:400;\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\" style=\"\">provide AED 35 bn<\/a><\/span><span style=\"font-weight:400;\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\" style=\"\">targets 14 GW<\/a><\/span><span style=\"font-weight:400;\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Tunisia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\" style=\"\">targets 30%<\/a><\/span><span style=\"font-weight:400;\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\" style=\"\">generate USD 17 bn<\/a><\/span><span style=\"font-weight:400;\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\" style=\"\">Xlinks<\/a><\/span><span> solar and wind energy project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\" style=\"\">generate 10.5 GW<\/a><\/span><span style=\"font-weight:400;\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\">capture up to 11 mn tons<\/a><\/span><span style=\"font-weight:400;\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\" style=\"\">Tunisia\u2019s carbon neutrality target<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/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":"<p>Final negotiations at COP28 are in play | Masdar keeps signing and shaking hands | Oman\u2019s 500 MW solar farm cinches financing<\/p>\n","protected":false},"featured_media":81130,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-81129","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f9addf63-b153-4edb-a818-4fda60b8ebca","teaser":"Final negotiations at COP28 are in play | Masdar keeps signing and shaking hands | Oman\u2019s 500 MW solar farm cinches financing","photo_url":"https:\/\/ent.news\/2022\/6\/1930.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>COP28 final negotiations have kicked off and it\u2019s a fossil fuel standoff - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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