{"id":81241,"date":"2023-12-14T07:00:00","date_gmt":"2023-12-14T07:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=81241"},"modified":"2025-12-15T10:02:37","modified_gmt":"2025-12-15T10:02:37","slug":"cop28s-final-text-sees-nations-agreeing-to-transition-away-from-fossil-fuels-instead-of-phase-out","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/cop28s-final-text-sees-nations-agreeing-to-transition-away-from-fossil-fuels-instead-of-phase-out\/","title":{"rendered":"COP28\u2019s final text sees nations agreeing to \u201ctransition away\u201d from fossil fuels instead of phase out"},"content":{"rendered":"<section id=\"81243\" 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=\"81243\">\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\/14\/today-cop28-concludes-with-a-historic-move-to-transition-away-from-fossil-fuels\/\">\r\n                            TODAY: COP28 concludes with a historic move to \u201ctransition away\u201d from fossil fuels                        <\/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\/14\/today-cop28-concludes-with-a-historic-move-to-transition-away-from-fossil-fuels\/\" 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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Thank you for coming along with us on a hectic two weeks run of coverage which is concluding, thankfully, just in time for the weekend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY- <\/strong>We unpack all the major themes from COP28\u2019s final text and a bit further west, Morocco\u2019s renewable energy agency Masen prequalified eight consortiums for the development the 400 MW third phase of the 1.6 GW Noor Midelt solar complex in the Atlas Mountains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the details on these stories and more in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>THE BIG CLIMATE STORY OUTSIDE THE REGION- Tesla\u2019s mass recall: <\/strong>Tesla is recalling nearly all of the EVs it sold in the US since 2015 \u2014 over 2 mn cars \u2014 to update its autopilot software after a two-year probe by US safety regulators. The US National Highway Traffic Safety Administration says the new update, which comes after an extensive investigation into some 1k car crashes which occurred when the autosteer tech was in use, will install new warnings and alerts to drivers and restrict areas where basic versions of autopilot can operate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story was picked up widely in the international press:<\/strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/13\/business\/tesla-autopilot-recall.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2023\/12\/13\/tech\/tesla-recall-autopilot\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-update-software-autopilot-control-issue-2-mln-vehicles-nhtsa-2023-12-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/technology-67693935\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.dw.com\/es\/tesla-llama-a-talleres-a-casi-todos-sus-autos-vendidos-en-eeuu\/a-67711341\" style=\"\" rel=\"noopener\">Deutsche Welle<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/business\/20231213-tesla-recalls-2-million-us-vehicles-to-fix-autopilot-safety-problems\" style=\"\" rel=\"noopener\">France 24<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2023-12-13\/tesla-recalls-2-million-cars-on-autopilot-safety-flaws-video\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/12\/13\/tesla-software-fix-rolls-out-after-regulators-recall-2-million-cars-over-autopilot-defect.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/technology\/2023\/12\/13\/tesla-autopilot-recall\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/tesla-autopilot-recall-driver-monitoring-system-8060508627a34e6af889feca46eb3002\" style=\"\" rel=\"noopener\">AP News<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/2023\/dec\/13\/tesla-recall-us-autopilot\" style=\"\" rel=\"noopener\">The Guardian<\/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=\"wwtt2\"><\/a><\/strong><strong>WATCH <\/strong><strong>THIS SPACE- World Bank boosts MENA's climate finance with <\/strong><strong>USD 10 bn<\/strong><strong>: <\/strong>The World Bank is set to increase climate finance for the Middle East and North Africa (MENA) region to USD 10 bn by 2025, the World Bank's Regional Director for Sustainable Development Meskerem Brhane told <a target=\"_blank\" href=\"https:\/\/bitly.ws\/35PxB\" style=\"\" rel=\"noopener\">Wam<\/a>. Adopting green growth strategies can boost the region\u2019s GDP to USD 13 tn by 2050, she added. The World Bank announced last week that it was increasing the climate finance target to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/71017814-88a9-452e-870e-3bae48d2dd38\" style=\"\" rel=\"noopener\">USD 40 bn by 2025<\/a>, which includes the MENA initiative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>DANGER ZONE- 25% of the world\u2019s freshwater fish face extinction: <\/strong>Climate change and overfishing\u2019s growing impact has put nearly a quarter freshwater fish species at risk of extinction, according to the <a target=\"_blank\" href=\"https:\/\/iucn.org\/press-release\/202312\/freshwater-fish-highlight-escalating-climate-impacts-species-iucn-red-list\" style=\"\" rel=\"noopener\">International Union for Conservation of Nature (IUCN)<\/a> red list assessment. At least 17% are affected by climate related issues including decreasing water levels, rising sea levels, and shifting seasons, while the crisis is worsened by pollution, dams and water extraction, overfishing, invasive species, and disease. Freshwater fish make up more than half of the world\u2019s known fish species, despite freshwater making up only 1% of aquatic habitat.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Salmon and turtles are at risk of endangerment: <\/strong>The Atlantic salmon \u2014 which was classified as being of least concern \u2014 now holds a \u201cnear threatened\u201d status with the global population decreasing by 23% between 2006 and 2020. Green turtles in the South and East Pacific Oceans are also now endangered as a result of incidental bycatches during fishing operations, and warming temperatures affecting their nesting sites. <\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 9am Cairo \/ 10am Riyadh \/ 11am UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong><a target=\"_blank\" href=\"http:\/\/www.enterprise.news\" style=\"\" rel=\"noopener\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, Enterprise Climate, Enterprise Logistics, and The Weekend Edition on our powerful new website packed with reader-friendly features. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Were you forwarded this email? <strong>Get your own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/climate\/en\/user\/NewsLetters\" style=\"\" rel=\"noopener\">subscription without charge here<\/a><\/strong> or reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>Saudi Arabia will host the<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\" rel=\"noopener\">Future Minerals Forum<\/a><\/strong><strong> from Tuesday, 9 January through to <\/strong><strong>Thursday, 11 January<\/strong> in Riyadh. The event will bring nations and private sectors together to enable the creation of resilient mineral value chains in the resource rich regions of Africa, Western Asia, and Central Asia. The forum will hold a ministerial roundtable with over 60 countries being represented., and delegates will discuss global critical mineral strategies as well as an international exhibition with over 150 exhibitors and industry sponsors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/958.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81247\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/cop28s-adopted-text-sees-nations-agreeing-to-transition-away-from-fossil-fuels-instead-of-phase-out\/958-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/958.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"958.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/958.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/958.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81246\" class=\"content-area-description single-story post-81246 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-policy tag-climate-policy tag-cop-watch-policy tag-cop28 tag-enterpriseclimate tag-global-stocktake 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\/.9ffbd45d-6a18-4de3-afea-e8d32fa81f0e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IT\u2019S A WRAP- COP28\u2019s revised draft passes:<\/strong> Following two weeks of negotiations that ran into overtime, the representatives of the 198 participating countries at COP28 signed the final document of the <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/913.pdf\" style=\"\" rel=\"noopener\">Global Stocktake (pdf)<\/a> yesterday morning shortly after we hit send on our last issue, according to a <a target=\"_blank\" href=\"https:\/\/www.cop28.com\/en\/news\/2023\/12\/COP28-President-Delivers-Remarks-at-Closing-Plenary\" style=\"\" rel=\"noopener\">statement<\/a>. The final document underwent several changes in wording and targets, so let\u2019s unpack what the revisions mean. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The approved text to the \u201cbeginning of the end\u201d: <\/strong>The final agreement marks the first time in the summit's history to see fossil fuels directly addressed in the final text. The revised text called for \u201ctransitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner,\u201d which was hailed as \u201cthe beginning of the post-fossil era,\u201d the EU chief Ursula von der Leyen <a target=\"_blank\" href=\"https:\/\/twitter.com\/vonderleyen\/status\/1734851863940313443\" 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>Not a phase out, but<\/strong><strong>a transition<\/strong><strong>: <\/strong>Despite sidestepping a total phase out \u2014 which over <a target=\"_blank\" href=\"https:\/\/insideclimatenews.org\/news\/04122023\/more-than-100-countries-at-cop28-call-for-fossil-fuel-phaseout\/\" style=\"\" rel=\"noopener\">100 countries<\/a> had been rallying for \u2014 the final text was able to drop <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/0dfe87f0-1de1-416a-9b9a-af6e98b17044\" style=\"\" rel=\"noopener\">the optional language<\/a> of suggested changes, but it came <a target=\"_blank\" href=\"https:\/\/www.downtoearth.org.in\/news\/climate-change\/cop28-global-stocktake-adopted-final-text-attempts-stronger-language-on-fossil-fuels-93357#:~:text=Following%20concerns%20over%20the%20last%20draft%20which%20presented%20a%20list%20of%20actions%20on%20fossil%20fuels%20countries%20%E2%80%9Ccould%E2%80%9D%20take%2C%20the%20new%20iteration%20seems%20to%20have%20stronger%20language.%20It%20now%20calls%20on%20Parties%20to%20follow%20eight%20steps%20taking%20into%20account%20different%20pathways.\" style=\"\" rel=\"noopener\">at the expense<\/a> of a more diluted version calling on \u201ctransitioning away\u201d from fossil fuels. The text also called for the phase out of \u201cinefficient fossil fuel subsidies that do not address energy poverty or just transitions, as soon as possible.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Coal is here to stay:<\/strong> While the text kept the <a target=\"_blank\" href=\"https:\/\/x.com\/CleanPowerDave\/status\/1734814578125438977?s=20\" style=\"\" rel=\"noopener\">phasedown of coal<\/a> as a goal, the adopted agreement skipped out on a date to achieve this phasedown or specific targets as to how this phasedown could come about. It also left a caveat for new coal-power generation projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But we have a more defined goal for methane: <\/strong>The text called for \u201caccelerating and reducing\u201d methane emissions by 2030 without stating by how much. This current <a target=\"_blank\" href=\"https:\/\/x.com\/CleanPowerDave\/status\/1734814583842283777?s=20\" style=\"\" rel=\"noopener\">goal<\/a> is a slight regression from the goals in the previous drafts that called for reducing methane by 30% by 2030 and by 40% by 2035.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A sneaky last minute addition didn\u2019t go unnoticed: <\/strong>A new provision \u2014 which had not appeared in any of the previous drafts \u2014 disclosed that \u201ctransitional fuels can play a role in facilitating the energy transition,\u201d giving a green light to natural gas expansion, despite its damaging environmental <a target=\"_blank\" href=\"https:\/\/www.npr.org\/2023\/07\/14\/1187648553\/natural-gas-can-rival-coals-climate-warming-potential-when-leaks-are-counted\" style=\"\" rel=\"noopener\">impacts<\/a> that some studies have identified can be <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/07\/13\/climate\/natural-gas-leaks-coal-climate-change.html\" style=\"\" rel=\"noopener\">as harmful as coal<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Loopholes upon loopholes:<\/strong> Critics view the new provision \u2014 together with the call to accelerate carbon capture \u2014 as evidence of \u201cthe influence of petrostates in the half measures and loopholes included in the final agreement,\u201d US vice president Al Gore <a target=\"_blank\" href=\"https:\/\/twitter.com\/algore\/status\/1734853205014557029\" style=\"\" rel=\"noopener\">said<\/a>. \u201cThe resolution is marred by loopholes that offer the fossil fuel industry numerous escape routes, relying on unproven, unsafe technologies,\u201d the <a target=\"_blank\" href=\"https:\/\/x.com\/harjeet11\/status\/1734836453912236489?s=20\" style=\"\" rel=\"noopener\">Climate Action Network<\/a> had echoed the sentiment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER ON THE FINANCE FRONT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Loss and damage is now a matter of finance: <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/71017814-88a9-452e-870e-3bae48d2dd38\" style=\"\" rel=\"noopener\">now operational<\/a> Loss and Damage Fund was <a target=\"_blank\" href=\"https:\/\/x.com\/LossandDamage\/status\/1734838975863394492?s=20\" style=\"\" rel=\"noopener\">moved<\/a> to the section under finance, where other climate finance mechanisms and funds are mentioned. Despite the significant official recognition of the fund as a means of finance, the section of the fund did not address the developed countries obligations nor the scale of the required loss and damage which is estimated to be over <a target=\"_blank\" href=\"https:\/\/assets-global.website-files.com\/605869242b205050a0579e87\/655b50e163c953059360564d_L%26DC_L%26D_Package_for_COP28_20112023_1227.pdf\" style=\"\" rel=\"noopener\">USD 400 bn annually<\/a>. The section also did not refer to prioritizing funding for local communities, nor did it mention human rights, gender-responsiveness, the rights of Indigenous Peoples, youth and children.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The financing provisions fall short: <\/strong>The text\u2019s stance on climate finance is \u201cworrying\u201d as it fell short of demanding developed countries commit to \u201cprovide public, new and additional, grant-based concessional finance,\u201d ACT Alliance Climate Justice lead Julius Mbatia <a target=\"_blank\" href=\"https:\/\/actalliance.org\/act-news\/press-release-cop28-delivers-disappointing-results\/#:~:text=Yet%20again%2C%20climate%20finance%20has%20played%20an%20intricate%20role%20in%20determining%20the%20level%20of%20ambition%20at%20COP28.%20It%20is%20clear%20that%20the%20COP28%20finance%20package%20is%20worrying.%20Commitment%20by%20rich%20nations%20to%20provide%20public%2C%20new%20and%20additional%2C%20grant%2Dbased%20concessional%20finance%20fell%20through%20the%20cracks%20on%20many%20occasions.\" style=\"\" rel=\"noopener\">said<\/a>, referring to the text\u2019s exclusion of language that places responsibility on developed countries. The adopted text also <a target=\"_blank\" href=\"https:\/\/x.com\/Josh_Gabbatiss\/status\/1734800821035172136?s=20\" style=\"\" rel=\"noopener\">excluded two paragraphs<\/a> in previous drafts on \u201ctaking into account the priorities and needs\u201d of vulnerable countries and ensuring that all finance flows are in line with the Paris Agreements. \u201cThe missing element, however, was a clear financial package for countries embarking on their energy transition as well as clarity about how to fill the adaptation finance gap,\u201d E3G Senior Policy Advisor Laura Reyes <a target=\"_blank\" href=\"https:\/\/www.e3g.org\/news\/the-fossil-fuel-era-is-ending-e3g-s-reacts-to-cop28-outcome\/#:~:text=%E2%80%9CFinance%20was%20the,Kenya%20and%20France.\" 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>IN SUMMARY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here are the eight actions the text put forward to keep the 1.5C goal alive: <\/strong><\/p>\n<ul>\n<li>Tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030;<\/li>\n<li>Rapidly phasing down unabated coal and limitations on permitting new and unabated coal power generation;<\/li>\n<li>Accelerating efforts globally towards net zero emissions energy systems, utilizing zero and low carbon fuels well before or by around mid-century;<\/li>\n<li>Accelerating zero and low emissions technologies, including, inter alia, renewables, nuclear, abatement and removal technologies, including such as carbon capture and utilization and storage, and low carbon hydrogen production, so as to enhance efforts towards substitution of unabated fossil fuels in energy systems.<\/li>\n<li>Reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050 in keeping with the science;<\/li>\n<li>Accelerating and substantially reducing non-CO2 emissions, including, in particular, methane emissions globally by 2030;<\/li>\n<li>Accelerating emissions reductions from road transport through a range of pathways, including development of infrastructure and rapid deployment of zero and low emission vehicles;<\/li>\n<li>Phasing out of inefficient fossil fuel subsidies that encourage wasteful consumption and do not address energy poverty or just transitions, as soon as possible.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But is the 1.5C target even within reach now? <\/strong>Scientists are arguing that the agreement <a target=\"_blank\" href=\"https:\/\/www.democraticunderground.com\/1127171254\" style=\"\" rel=\"noopener\">is not binding enough<\/a> \u201cto keep the planet from heating 1.5C above pre-industrial temperatures by the end of the decade.\u201d To keep the 1.5C goal alive, countries would need to \u201curgently reduce domestic emissions but also the delivery of significant climate finance,\u201d chair of the Least Developed Countries Group Madeleine Diouf Sarr <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/live\/2023\/dec\/13\/cop28-live-updates-news-agreement-outcomes-draft-text-fossil-fuels#top-of-blog:~:text=%E2%80%9CLimiting%20warming%20to,to%20reducing%20emissions\" style=\"\" rel=\"noopener\">said<\/a>. The text\u2019s non-binding language, coupled with the COP28 <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\">pledges<\/a> representing only a third of the funds needed, makes it likely that the world will surpass the 1.5C limit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Small island states are not satisfied: <\/strong>The Alliance of Small Island States (AOSIS) lead Negotiator Anne Rasmussen <a target=\"_blank\" href=\"https:\/\/www.aosis.org\/cop28-closing-plenary-aosis-statement-on-gst-decision\/\" style=\"\" rel=\"noopener\">accepted the final draft<\/a> stating that there are \u201cmany good elements\u201d including \u201ca clear runway with milestones for strengthening Party efforts to prepare and submit enhanced NDCs through to 2025.\u201d However, the alliance also called out the \u201clitany of loopholes\u201d in the text, and questioned the efficacy of the good elements. \u201cWe have made an incremental advancement over business as usual when what we really needed is an exponential step-change in our actions and support,\u201d Rasmussen said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, where do we go from here? It\u2019s all up to the governments in the end: <\/strong>It all depends on implementation, according <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-12\/cop28-latest-official-says-nations-are-on-cusp-of-a-deal?leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Al Jaber<\/a> and for once, Al Gore <a target=\"_blank\" href=\"https:\/\/twitter.com\/algore\/status\/1734853205014557029?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">agrees<\/a>, saying that \u201cwhether this is a turning point that truly marks the beginning of the end of the fossil fuel era depends on the actions that come next and the mobilization of finance required to achieve them.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most <\/strong><strong>impacted<\/strong><strong> got the short end of the stick, with polluters moving on:<\/strong> \u201cThe US will get away lightly from this COP, having pledged just over USD 20 mn in new finance for the poor world, and with its position as the world\u2019s biggest oil and gas producer intact. China will continue to expand its coal production as well as renewable energy, and India\u2019s coal industry will also have little to fear,\u201d the Guardian <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/live\/2023\/dec\/13\/cop28-live-updates-news-agreement-outcomes-draft-text-fossil-fuels\" style=\"\" rel=\"noopener\">reports<\/a>. \u201cThe hypocrisy of wealthy nations, particularly the US, as they continue to expand fossil fuel operations massively while merely paying lip service to the green transition, stands exposed,\u201d <a target=\"_blank\" href=\"https:\/\/twitter.com\/harjeet11\/status\/1734836453912236489\" style=\"\" rel=\"noopener\">Climate Action Network<\/a> said. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-policy\/\">CLIMATE POLICY<\/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\/global-stocktake\/\">Global Stocktake<\/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=\"81248\" 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=\"81248\">\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 - AGREEMENTS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/\">\r\n                            ENEC signs another MoU to boost nuclear tech and the IFC extends financing in Africa + Iraq                        <\/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\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/\" 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\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/')\">\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\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/\">\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=ENEC signs another MoU to boost nuclear tech and the IFC extends financing in Africa + Iraq&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/\">\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\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/&title=ENEC signs another MoU to boost nuclear tech and the IFC extends financing in Africa + Iraq\">\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=ENEC+signs+another+MoU+to+boost+nuclear+tech+and+the+IFC+extends+financing+in+Africa+%2B+Iraq+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F14%2Fenec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq%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\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/934.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81249\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/enec-signs-another-mou-to-boost-nuclear-tech-and-the-ifc-extends-financing-in-africa-iraq\/934-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/934.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"934.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/934.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/934.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81248\" class=\"content-area-description single-story post-81248 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-agreements tag-cop-watch-agreements tag-enec tag-enterpriseclimate tag-green-finance tag-ifc tag-nuclear-energy 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\/.ac2f75eb-1fbc-4cca-89c7-6e1f4dbb83c7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More nuclear agreements for ENEC:<\/strong> The Emirates Nuclear Energy Corporation (ENEC) signed an MoU with Canada's <a target=\"_blank\" href=\"https:\/\/www.terrestrialenergy.com\/\" style=\"\" rel=\"noopener\">Terrestrial Energy<\/a> to collaborate on using advanced nuclear energy technologies, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/35Ny8\" style=\"\" rel=\"noopener\">Wam<\/a> writes. The companies will work on developing an integrated molten salt reactor plant in the UAE to produce electricity and hydrogen as well as reduce emissions in energy-intensive sectors. The agreement is part of ENEC's <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/news\/latest-news\/enec-launches-advance-program-to-accelerate-decarbonization-through-advanced-nuclear-technologies\/\" style=\"\" rel=\"noopener\">Advanced Nuclear Energy Technology Program<\/a>, which evaluates the use of small modular reactors and microreactors to produce steam, hydrogen and ammonia, as well as heat treatment for industrial processes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- ENEC made a big appearance at COP: <\/strong>Enec partnered with Bill Gates\u2019 TerraPower, GE Hitachi, and Kazakhstan's National Atomic Company Kazatomprom last week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/33ab6716-a218-45df-878d-3ef203cde7da\" style=\"\" rel=\"noopener\">to boost the use of nuclear energy<\/a> and explore its latest tech. It also signed an MoU with US miniature nuclear reactor developer Xenergy to deploy the latest nuclear energy tech, and with the UK Department for Energy Security and Net Zero to collaborate on nuclear energy deployment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CLIMATE FINANCE NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IFC lends Release USD 100 mn for Africa expansion: <\/strong>The International Finance Corporation (IFC) signed off on extending a USD 100 mn green loan to <a target=\"_blank\" href=\"https:\/\/scatec.com\/portfolio\/release-redeployable-solar\/\" style=\"\" rel=\"noopener\">Scatec-backed<\/a> flexible solar leasing provider <a target=\"_blank\" href=\"https:\/\/releasesolar.com\/\" style=\"\" rel=\"noopener\">Release<\/a> for expansion plans into Chad and Cameroon, according to a <a target=\"_blank\" href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=27929\" style=\"\" rel=\"noopener\">statement<\/a>. Release will channel financing from the IFC loan to develop 35 MW and 36 MW solar stations in Chad and Cameroon, respectively, offsetting 62.2k tons annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Iraq\u2019s food <\/strong><strong>security<\/strong><strong> gets a boost: <\/strong>The IFC also provided a USD 112.5 mn debt financing package to Iraqi-based Sama Al Manar and Manar FZCO \u2014 subsidiaries of Turkey-based <a target=\"_blank\" href=\"https:\/\/tiryaki.com.tr\/en\/\" style=\"\" rel=\"noopener\">Tiryaki Agro<\/a> \u2014 to build a new agri-industrial complex in Iraq's Umm Qasr Port, according to a <a target=\"_blank\" href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=27927\" style=\"\" rel=\"noopener\">statement<\/a>. Sama Al Manar imports and sells corn and soybean meal \u2014 main ingredients for livestock feed representing the country\u2019s largest non-oil exports \u2014 while Manar FZCO.The project aims to bolster food security and diversify Iraq\u2019s economy away from fossil fuels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The new facility \u2014 which will include a soybean crushing plant and warehouses \u2014 will help the company double its imports of corn by 2027, and enable it to import soybean for processing for the first time. The IFC will extend a USD 66 mn loan from its own account as part of the package, and mobilize up to USD 31.5 mn from the Dutch Entrepreneurial Development Bank, and up to USD 15 mn from French Development Agency\u2019s subsidiary Proparco. <\/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\/cop-watch-agreements\/\">COP WATCH - AGREEMENTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/enec\/\">ENEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ifc\/\">IFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/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=\"81250 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"81250\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/81250\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81250\" class=\"content-area-description single-story post-81250 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/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<section id=\"81251\" 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=\"81251\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/moroccos-masen-prequalifies-eight-consortiums-for-1-6-gw-solar-farm\/\">\r\n                            Morocco\u2019s Masen prequalifies eight consortiums for 1.6 GW solar farm                        <\/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\/14\/moroccos-masen-prequalifies-eight-consortiums-for-1-6-gw-solar-farm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The plant will be accompanied by a 400 MWh battery energy storage system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who threw their hat in the ring?<\/strong> The consortiums that submitted bids are:<\/p>\n<ul>\n<li>UAE\u2019s Masdar and Taqa Morocco.<\/li>\n<li>KSA\u2019s Acwa Power and Morocco\u2019s <a target=\"_blank\" href=\"https:\/\/www.nareva.ma\/\" style=\"\" rel=\"noopener\">Nareva Holding<\/a>.<\/li>\n<li>France\u2019s <a target=\"_blank\" href=\"https:\/\/www.edf-re.com\/\" style=\"\" rel=\"noopener\">EDF Renewables<\/a> and Japan\u2019s <a target=\"_blank\" href=\"https:\/\/www.mitsui.com\/\" style=\"\" rel=\"noopener\">Mitsui & Co<\/a>.<\/li>\n<li>Spain\u2019s <a target=\"_blank\" href=\"https:\/\/www.acciona.com\/?_adin=02021864894\" style=\"\" rel=\"noopener\">Acciona<\/a> and Moroccan-based <a target=\"_blank\" href=\"https:\/\/www.ocapitalgroup.ma\/en\/our-shareholdings\/renewable-energy\/green-of-africa\/\" style=\"\" rel=\"noopener\">Green Of Africa<\/a> \u2014 a JV made up of local firms <a target=\"_blank\" href=\"https:\/\/www.ocapitalgroup.ma\/en\/\" style=\"\" rel=\"noopener\">O Capital Group<\/a> and <a target=\"_blank\" href=\"https:\/\/www.akwagroup.com\/\" style=\"\" rel=\"noopener\">Akwa Group<\/a>.<\/li>\n<li>Oman-based <a target=\"_blank\" href=\"https:\/\/www.alsuwadipower.com\/founders.html\" style=\"\" rel=\"noopener\">Kahrabel FZE<\/a> (owned by France\u2019s Engie) and France\u2019s GDF International (another Engie subsidiary).<\/li>\n<li>China\u2019s <a target=\"_blank\" href=\"http:\/\/eng.spic.com.cn\/AboutUs\/mc\/\" style=\"\" rel=\"noopener\">Huanghe Hydropower Development<\/a> (a subsidiary of the <a target=\"_blank\" href=\"http:\/\/eng.spic.com.cn\/\" style=\"\" rel=\"noopener\">State Power Investment Corporation<\/a>) and UAE\u2019s <a target=\"_blank\" href=\"https:\/\/www.ameapower.com\/\" style=\"\" rel=\"noopener\">Amea Power<\/a>.<\/li>\n<li>Spain's Cobra Instalaciones y Servicios (a subsidiary of <a target=\"_blank\" href=\"https:\/\/www.grupocobra.com\/en\/\" style=\"\" rel=\"noopener\">Grupo Cobra<\/a>) and France's <a target=\"_blank\" href=\"https:\/\/www.vinci-concessions.com\/en\/\" style=\"\" rel=\"noopener\">Vinci Concessions<\/a>.. <\/li>\n<li>Spain\u2019s <a target=\"_blank\" href=\"https:\/\/www.iberdrolarenovablesinternacional.com\/home\" style=\"\" rel=\"noopener\">Iberdrola<\/a><a target=\"_blank\" href=\"https:\/\/www.iberdrolarenovablesinternacional.com\/home\" style=\"\" rel=\"noopener\">Internacional<\/a><a target=\"_blank\" href=\"https:\/\/www.iberdrolarenovablesinternacional.com\/home\" style=\"\" rel=\"noopener\">Renovables<\/a>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next steps: <\/strong>The selected bidder will manage design, construction, operation, and maintenance of the solar farm and will raise the capital needed to finance the project. The agency did not provide a timeline on when it expects to award the tender for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Progress on the remainder of the 1.6 GW complex:<\/strong> Back in July, Masen <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/317c10c5-6a0b-4f38-b4b5-1bc1b3c62958\" style=\"\" rel=\"noopener\">pre-qualified six consortiums<\/a> including ones led by EDF and Acwa Power to establish the 400 MW Noor Midelt II solar project, while Noor\u2019s 800 MW first phase continues to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f113e46f-9534-4a6f-a792-5240978a30bf\" style=\"\" rel=\"noopener\">put on pause<\/a> due to disagreements over CSP tech. The first phase \u2014 which was handed to a consortium led by EDF \u2014 was expected to start delivering electricity to the grid last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All under Morocco\u2019s renewables push:<\/strong> Morocco wants renewable energy <a target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/1360319\/renewable-capacity-target-as-share-of-energy-production-in-morocco\/#:~:text=The%20government%20of%20Morocco's%2520renewable,and%252070%2520percent%2520in%25202040.\" style=\"\" rel=\"noopener\">to account for 80%<\/a> of its total power generation by 2050. The country plans to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/17e380ca-85b5-490c-94b2-7d55bb6f9e63\" style=\"\" rel=\"noopener\">more than triple allocations<\/a> for renewables projects to MAD 14 bn (c. USD 1.4 bn) between 2023-2027 as part of a target to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a966a586-541d-42ac-9d15-1d4a53fa3f75\" style=\"\" rel=\"noopener\">have 50-52%<\/a> of its energy come from renewables by 2030. Morocco\u2019s installed capacity of renewables stood at <a target=\"_blank\" href=\"https:\/\/www.mem.gov.ma\/Pages\/secteur.aspx?e=2\" style=\"\" rel=\"noopener\">more than 4 GW<\/a> as of 2022.<\/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\/masen\/\">Masen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"81253\" 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=\"81253\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/hydrom-will-establish-a-green-hydrogen-infrastructure-company\/\">\r\n                            Hydrom will establish a green hydrogen infrastructure  company                        <\/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\/14\/hydrom-will-establish-a-green-hydrogen-infrastructure-company\/\" 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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Financial details and a timeline for the launch were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details are scant:<\/strong>Hydrom plans to take an equity share in any planned green hydrogen projects in exchange for the supply of water, electricity and a pipeline network, Meed reports. The company is also expecting to receive bids for the second round of the country\u2019s land auction for integrated green hydrogen projects in late January and will award the contracts by 2H 2024, the report added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More green hydrogen projects in the works: <\/strong>Hydrom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6f087e58-8c3f-4806-9ebd-659cb12aa225\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Special Economic Zones and FreeZones (Opaz) in October allocating 150 square km of land for a wind and solar energy generation project with a capacity of 250-500 MW. Hydrom also signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f307b422-ee6b-4fc0-afbd-bc5ee1e07f01\" style=\"\" rel=\"noopener\">three new agreements<\/a> with the SalalaH2 consortium to boost Oman\u2019s hydrogen sector<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is eyeing USD 20 bn investments:<\/strong> Hydrom said it\u2019s looking to raise <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10958daf-d085-4a87-84ea-73cfe69ff0a7\" style=\"\" rel=\"noopener\">USD 20-30 bn<\/a> in investments from its second round of auctions for green hydrogen projects in the Dhofar region last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER OMAN NEWS- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman Arab Bank (OAB) and First Carbon Investments (FCI) have signed an MOU to accelerate the deployment of new clean technologies in the region<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/oman-arab-bank-and-first-carbon-investments-sign-mou-puzbu06u\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement will see them purchase carbon credits that help accelerate the viability of new green fuels such as hydrogen, ammonia, and biofuels.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrom\/\">Hydrom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"81255\" 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=\"81255\">\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\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/\">\r\n                            Australia and UAE begin negotiations on a Comprehensive Economic Partnership Agreement                        <\/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\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/\" 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\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/')\">\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\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/\">\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=Australia and UAE begin negotiations on a Comprehensive Economic Partnership Agreement&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/\">\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\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/&title=Australia and UAE begin negotiations on a Comprehensive Economic Partnership Agreement\">\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=Australia+and+UAE+begin+negotiations+on+a+Comprehensive+Economic+Partnership+Agreement+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F14%2Faustralia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement%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\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/926.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81256\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/australia-and-uae-begin-negotiations-on-a-comprehensive-economic-partnership-agreement\/926-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/926.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"926.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/926.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/926.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81255\" class=\"content-area-description single-story post-81255 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-australia tag-climate-diplomacy tag-enterpriseclimate tag-green-hydrogen tag-korea tag-mining tag-oman tag-renewables 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\/.ab6f6ad6-b03c-4d56-a539-2009438cfabe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Australia + UAE to begin trade talks in 2024:<\/strong> The UAE and Australia are set to begin negotiations on a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting trade and investments in renewables and mining among other sectors, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq3m9nu-uae-australia-launch-negotiations-towards\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The trade agreement \u2014 Australia\u2019s first in the MENA region \u2014 will also target the logistics, food security, and tourism sectors, UAE Minister for Foreign Trade Thani bin Ahmed Al Zeyoudi told Wam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER CLIMATE DIPLO NEWS-<\/strong><strong>Oman <\/strong><strong>+ Korea boost hydrogen partnership:<\/strong> Oman and South Korea are partnering on expanding green hydrogen production, <a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2023\/12\/12\/oman-korea-partnership-to-boost-green-hydrogen-sector\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a> reports. The two states discussed developing a green hydrogen supply chain and ecosystem and hydrogen industrial infrastructure and mobility. \"This bilateral partnership will extend to stakeholders in the green hydrogen industry at regional and global levels, contributing to the fulfillment of zero-carbon emissions by 2050 and the pursuit of a new paradigm of energy security,\" said Korea's ambassador to Oman Kiejoo Kim.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Korea already has ties in Oman: <\/strong>Oman and South Korea <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0fb94c8a-ba02-4e96-8d8a-3239081b1a19\" style=\"\" rel=\"noopener\">signed an MoU<\/a> in August to develop bilateral cooperation in the green transition. A consortium led by South Korea\u2019s steelmaking company Posco Group was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cc37caa4-11b7-48c2-8b33-e78b135c2ddc\" style=\"\" rel=\"noopener\">awarded in June a USD 6.7 bn contract<\/a> to set up what it described as the world\u2019s largest green hydrogen plant in Oman\u2019s Duqm. <\/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\/australia\/\">Australia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/korea\/\">Korea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"81257\" 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=\"81257\">\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\">FROM THE CLIMATE STORE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/\">\r\n                            Volvo\u2019s all-electric EX30 SUV will hit UAE streets in early January                        <\/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\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/\" 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\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/')\">\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\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/\">\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=Volvo\u2019s all-electric EX30 SUV will hit UAE streets in early January&url=https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/\">\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\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/&title=Volvo\u2019s all-electric EX30 SUV will hit UAE streets in early January\">\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=Volvo%E2%80%99s+all-electric+EX30+SUV+will+hit+UAE+streets+in+early+January+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F12%2F14%2Fvolvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january%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\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1763.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"81258\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/volvos-all-electric-ex30-suv-will-hit-uae-streets-in-early-january\/1763-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1763.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1763.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1763.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1763.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81257\" class=\"content-area-description single-story post-81257 post type-post status-publish format-standard has-post-thumbnail hentry category-from-the-climate-store tag-enterpriseclimate tag-evs tag-from-the-climate-store tag-majid-al-futtaim 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\/.18ee40b1-3850-493d-8d02-7623d8f94480.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Volvo\u2019s <\/strong><strong>small electric SUV lands in UAE:<\/strong> Swedish giant carmaker Volvo's UAE rep Al-Futtaim Trading Enterprises has rolled out Volvo\u2019s first small SUV, the all-electric <a target=\"_blank\" href=\"https:\/\/www.volvocars.com\/en-ae\/cars\/ex30-electric\/\" style=\"\" rel=\"noopener\">EX30 SUV<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/volvos-small-suv-with-smallest-carbon-footprint-arrives-in-the-uae-wvcp17m6\" style=\"\" rel=\"noopener\">statement<\/a>. The EX30 has the smallest CO2 footprint in Volvo\u2019s line-up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the EX30:<\/strong> The all-electric model will offer two battery variants \u2014 a 51 kWh lithium-iron-phosphate (LFP) pack and a 69 kWh nickel-cobalt-manganese (NMC) pack. The 69 kWh pack will reach a maximum driving range of 480 km. The model also has a Ultra Performance variant in which the NMC battery is paired with an additional second e-motor. This all-wheel drive variant of the EX30 provides 315 kW of battery power, and can go from zero to 100 km in 3.6 seconds, making it Volvo\u2019s fastest-accelerating vehicle.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Charging specs: <\/strong>The twin motor variant has a DC charging capacity of up to 153 kW, while the standard-range car has a capacity of 134 kW. Charging can go from 10% to 80% in about 25 minutes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The price:<\/strong> The SUV models vary in price from around AED 150k to AED 210k. They can be <a target=\"_blank\" href=\"https:\/\/www.volvocarsuae.ae\/en\/configure\/?material=0&modelName=TEUVL0019-2024\" style=\"\" rel=\"noopener\">ordered now<\/a>, with expected delivery by early January. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/from-the-climate-store\/\">FROM THE CLIMATE STORE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/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=\"81259\" 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=\"81259\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/lots-of-ev-and-solar-news-from-around-the-region\/\">\r\n                            Lots of EV and solar news from around the region                        <\/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\/14\/lots-of-ev-and-solar-news-from-around-the-region\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The agreement will see Peec deploy its ReMethod tech to electrify cars, buses, and waste collection trucks as their traditional engines reach their life's end, starting with the ReTruck initiative for Bee'ah's fleet. Peec Mobility and Bee\u2019ah will also collaborate to recycle and repurpose materials and spare parts including end-of-life batteries from electric vehicles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Peec debuted its tech at COP28:<\/strong> Peec Mobility unveiled its first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9a85868f-3336-4dfc-82ec-4d193765ba05\" style=\"\" rel=\"noopener\">petrol-to-electric repurposed vehicle<\/a> last week. The repurposing process costs 30% less and 80% less time to manufacture than newly built counterparts.<\/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>Ride-sharing app <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.careem.com\/\" style=\"\" rel=\"noopener\">Careem<\/a><\/strong><strong> has launched Dubai\u2019s first electric motorbike delivery fleet<\/strong>,according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/careem_careem-activity-7140281741520347136-i8td?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. Working in collaboration with Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home?lang=ar\" style=\"\" rel=\"noopener\">Roads and Transport Authority<\/a> (RTA), the initiative will see e-bikes hitting the road later this month with plans to ramp up their numbers to 1k by the close of 2024. The move looks to curb emissions and cut delivery costs, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/transport\/2023\/12\/12\/careem-launches-fleet-of-electric-delivery-bikes-in-dubai\/\" style=\"\" rel=\"noopener\">the National<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE is EV-strong:<\/strong> This initiative comes on the heels of an announcement to launch <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e5215a3f-80ad-436c-bb05-6ba332c05010\" style=\"\" rel=\"noopener\">an EV infrastructure firm<\/a> tasked with manufacturing charging networks, managing daily operations of EV charging stations, and developing a pricing strategy for charging services in the UAE. The nation plans to have EVs make up 50% of its auto sector by 2050, UAE Energy and Infrastructure Minister Suhail Al Mazrouei <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/11\/28\/uae-to-launch-pricing-mechanism-to-boost-private-investment-in-ev-infrastructure\/\" style=\"\" rel=\"noopener\">said<\/a> last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOLAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ABC <\/strong><strong>and YDE sign financing agreement:<\/strong> Bahrain-based Arab Banking Corporation (ABC) has signed a financing agreement with Yellow Door Energy (YDE) for YDE's solar projects, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/35NZd\" style=\"\" rel=\"noopener\">Al Watan<\/a> reports. The credit facility will go toward YDE's 42 MW solar project which will be established at Majid Al Futtaim's malls in the UAE, Bahrain, and Oman. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YDE\u2019s solar portfolio is expanding: <\/strong>YDE was also awarded contracts to establish <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e3f9d322-8691-42ff-8e06-6217a5524938\" style=\"\" rel=\"noopener\">two 5 MWp solar power plants<\/a> at Agthia's factories last month. The company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4a955d05-8608-4c8c-8233-a0c36e93be4f\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with the National Bank of Fujairah in February to refinance YDE's solar energy projects in the UAE.<\/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>Cenomi <\/strong><strong>Centers signs PPA agreement for solar panels: <\/strong><a target=\"_blank\" href=\"https:\/\/www.cenomicenters.com\/\" style=\"\" rel=\"noopener\">Arabian Centres Company (Cenomi<\/a><a target=\"_blank\" href=\"https:\/\/www.cenomicenters.com\/\" style=\"\" rel=\"noopener\">Centers)<\/a> signed a power purchase agreement (PPA) with a consortium comprising <a target=\"_blank\" href=\"https:\/\/www.fas-energy.com\/\" style=\"\" rel=\"noopener\">FAS Energy<\/a> and <a target=\"_blank\" href=\"https:\/\/www.marubeni.com\/en\/\" style=\"\" rel=\"noopener\">Marubeni Corporation<\/a> to power Cenomi's centers in the kingdom with solar energy, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lZBfb4IwFMU_yx581F4kIttbNzLU-B-dyosp5YokQEkpOvfpB-K26HRxhIf25HdOz73EJUviJmwXBkyFImFRcV-5xrpFDWh2TBhBZ_YCBji2MZ-ZmtU0yOIcMAe2AZMhnYya7RbYb0Dcf_nBGbdg8joe6H2Ygg3GfX648dE73nfPkRF9bBcNes92t09102hfAldGvHjk9wxH4I-SPeIGkfCqhdPE082AuBI3KFE2clnIW6XS7KkGNdjv941AiCDCBhdxDa5ZtiJTZHlOEgeT47raN_fR1chCYiZyyZFMA1Q0SUSecIwxUf0wUxZTjEw441vs4w6jMQuQOOV8zN-FmZBZSZFVXSu1DLkS0kq7_rdyiD0RkVV5TqXwc65mhxQrQYki_nROi2An_ChuGlRRTPJtxWpfwDCPPZSWd5I2UsQ_CayszsviJ9e6qqDwXTnHtIrzC8cYZSiKkiSN5_MlhN266x10PaaxqZ__e_rwCU8LrmU!\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC80MzIxL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc3MzI4\/\" style=\"\" rel=\"noopener\">Tadawul filing<\/a>. The 20-year agreement will have an initial capacity of 52 MWp and will generate 93 GWh annually with plans to possibly install EV charging infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FAS Energy has projects in Egypt: <\/strong>FAS Energy was among the companies eyeing a stake in Egypt's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dc71e72a-865a-4e8a-a5d4-56382be61b36\" style=\"\" rel=\"noopener\">renewables sector<\/a> last year and has a 50 MW solar power plant at the Benban complex.<\/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>Maryzad Solar to launch logistics center in SCZone:<\/strong> Egyptian-Saudi solar energy company <a target=\"_blank\" href=\"https:\/\/maryzad.com\/\" style=\"\" rel=\"noopener\">Maryzad<\/a> will launch the first logistics center to service solar energy projects in Egypt , Sudan, KSA, Lebanon, and Libya, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/maryzad-solar-launches-the-first-logistics-center-to-serve-solar-energy-projects-in-the-suez-canal-economic-zone-n5m2mdok\" style=\"\" rel=\"noopener\">statement<\/a>. Located in Egypt\u2019s Suez Canal Economic Zone (SCZone), the center will launch with investments totalling EGP 40 mn, Maryzad Chairman Amr Baybars said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s SCZone was busy recently: <\/strong>Head of the SCZone Walid Gamal El Din signed a cooperation agreement on the sidelines of COP28 last week with Egyptian independent power and water producer <a target=\"_blank\" href=\"https:\/\/www.engazaat.com\/\" style=\"\" rel=\"noopener\">Engazaat<\/a> and Chinese smart energy solutions Chint Global <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5d9f1541-8664-401c-b13b-5b76c43ba7cc\" style=\"\" rel=\"noopener\">to establish an integrated industrial complex<\/a> for green energy technology in the SCZone. Meanwhile, a consortium of three Egyptian companies are also considering investing USD 1.2 bn into the first phase of a plant set <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f8a42744-8838-484a-be2e-3a7a24e1202a\" style=\"\" rel=\"noopener\">to produce 400k tons of ammonia<\/a> annually from green hydrogen. <\/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>Qatari companies join district cooling association: <\/strong>Qatar\u2019s district cooling companies <a target=\"_blank\" href=\"https:\/\/www.qatarcool.com\/qa\/\" style=\"\" rel=\"noopener\">Qatar Cool<\/a> and <a target=\"_blank\" href=\"https:\/\/www.marafeq.com.qa\/\" style=\"\" rel=\"noopener\">Marafeq Qatar<\/a> are the newest members of the <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395302874276\" style=\"\" rel=\"noopener\">Dubai-based<\/a> District Cooling Operators Association. The association explores how the industry can protect natural resources, reduce its carbon footprint, and increase efficiency. (<a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/901.pdf\" 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\/beeah\/\">Bee\u2019ah<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-mobility\/\">green mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sczone\/\">SCzone<\/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                            <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=\"81261\" 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=\"81261\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/14\/bill-gates-vc-backs-thermal-energy-storage-startup-fourth-power\/\">\r\n                            Bill Gates\u2019 VC backs thermal energy storage startup Fourth Power                        <\/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\/14\/bill-gates-vc-backs-thermal-energy-storage-startup-fourth-power\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The USD 19 mn Series A funding round was led by <a target=\"_blank\" href=\"https:\/\/www.dcvc.com\/team\/\" style=\"\" rel=\"noopener\">DCVC<\/a> along with Breakthrough Energy and Black Venture Capital Consortium. The capital will be <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20231212339839\/en\/Fourth-Power-Secures-19M-for-Low-Cost-Utility-Scale-Thermal-Energy-Storage-to-Enable-a-Fully-Renewable-Grid\" style=\"\" rel=\"noopener\">channeled toward<\/a> expanding the firm\u2019s engineering team, research and development, and establishing a 1 MWh e-thermal plant in Boston in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does Fourth Power do? <\/strong>The company stores excess renewable power as thermal energy in an enclosed liquid metal <a target=\"_blank\" href=\"https:\/\/gofourth.com\/our-technology\/\" style=\"\" rel=\"noopener\">heat transfer system<\/a> roughly the size of half a football field, and then stores it in a thermal battery system to be used when needed. Liquid tin is then pumped through a closed-loop plumbing system to transport the energy throughout a utility-scale battery.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Storing the sun in a box: <\/strong>Fourth Power uses <a target=\"_blank\" href=\"https:\/\/www.ise.fraunhofer.de\/en\/business-areas\/photovoltaics\/iii-v-and-concentrator-photovoltaics\/thermophotovoltaics.html\" style=\"\" rel=\"noopener\">thermophotovoltaic<\/a> panels to turn the light emitted by the plumbing system \u2014 which reaches up to 2.4k\u00b0C \u2014 into power for the grid. \u201cAt almost half the sun\u2019s temperature, we are essentially storing the sun in a box,\u201d the company notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ten times cheaper than lithium-ion batteries: <\/strong>Fourth Power\u2019s thermal battery system can store for over a month excess power from renewables that would have otherwise gone to waste, discharging it over a period from a few hours to a few days, according to <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20231212339839\/en\/Fourth-Power-Secures-19M-for-Low-Cost-Utility-Scale-Thermal-Energy-Storage-to-Enable-a-Fully-Renewable-Grid\" style=\"\" rel=\"noopener\">Business Wire<\/a>. The energy is stored at a cost of USD 25\/KWh, which is 10 times cheaper than lithium-ion batteries, the company <a target=\"_blank\" href=\"https:\/\/gofourth.com\/our-technology\/\" style=\"\" rel=\"noopener\">explains<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Potential to 20x storage capacity:<\/strong> \u201cBy adding graphite blocks to increase storage duration, we provide a modular, scalable solution that can meet today\u2019s short-duration (5-hour) needs and the long-duration energy storage (100-hour) needs of tomorrow,\u201d the company notes. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bill-gates\/\">Bill Gates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/breakthrough-energy-ventures\/\">Breakthrough Energy Ventures.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/thermal-energy\/\">thermal 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=\"81263\" 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\/14\/81263\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-81263\" class=\"content-area-description single-story post-81263 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: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>8-10 January (Monday- Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sgre-qa.org\/\" style=\"\">International Conference on Smart Grid and Renewable Energy<\/a><\/span><span style=\"font-weight:400;\">, 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;\">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>COP28 agrees to transition away from fossil fuels | More ENEC nuclear tech | Morocco\u2019s Masen approves bidders for 1.6GW solar farm<\/p>\n","protected":false},"featured_media":81242,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-81241","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7244bf7e-084c-486f-9686-324cfed2d1f6","teaser":"COP28 agrees to transition away from fossil fuels | More ENEC nuclear tech | Morocco\u2019s Masen approves bidders for 1.6GW solar farm","photo_url":"https:\/\/ent.news\/2021\/10\/2519.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\u2019s final text sees nations agreeing to \u201ctransition away\u201d from fossil fuels instead of phase out - 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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