{"id":82423,"date":"2024-02-15T07:00:00","date_gmt":"2024-02-15T07:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=82423"},"modified":"2025-12-15T10:21:12","modified_gmt":"2025-12-15T10:21:12","slug":"edf-and-korea-western-power-tapped-to-build-1-5-gw-al-ajban-solar-project","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/edf-and-korea-western-power-tapped-to-build-1-5-gw-al-ajban-solar-project\/","title":{"rendered":"EDF and Korea Western Power tapped to build 1.5 GW Al Ajban solar project"},"content":{"rendered":"<section id=\"82425\" 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=\"82425\">\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\/2024\/02\/15\/today-edf-korea-western-power-tapped-to-build-1-5-gw-al-ajban-solar-project\/\">\r\n                            TODAY: EDF + Korea Western Power tapped to build 1.5 GW Al Ajban solar project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/today-edf-korea-western-power-tapped-to-build-1-5-gw-al-ajban-solar-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Curious whether all those agreements for green hydrogen exports to the EU are feasible? We have a deep dive on that topic further down. <\/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>THE BIG CLIMATE STORY OUTSIDE THE REGION- It\u2019s quiet on the international climate <\/strong><strong>front<\/strong>, but one story making a blip on the radar is news of Google joining a mission to track methane emissions from space. The tech giant is joining a satellite project led by France\u2019s EDF which will track methane output around the world. Google will leverage Google Cloud to provide the computing capabilities to process intel and use AI to zero in on fossil fuels components including oil tanks in a bid to create a comprehensive map of methane leaks globally. The project is due to be launched next month and data from the satellite will be available through Google Earth Engine later this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Methane is the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/42eeb848-551d-4de6-86e0-24a4ed860faa\" style=\"\" rel=\"noopener\">second most abundant<\/a><\/strong><strong> anthropogenic greenhouse gas after CO2, <\/strong>and contributes a third of global heating driving the climate crisis. New satellite analysis by The Guardian in partnership with Kayrros revealed there were over 1.25k huge methane leaks from landfills globally between January 2019 and June 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/google-share-oil-gas-methane-leaks-spotted-space-2024-02-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-14\/google-googl-and-edf-team-up-to-track-methane-emissions-from-space\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/technology-68293896\" style=\"\" rel=\"noopener\">BBC<\/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>SOUNDBITE OF THE WEEK-<\/strong> \"We're going to keep burning fossil fuels and somehow magically get rid of the carbon down into the ground where there is no proof that it will stay there, but heaps of proof that it fails,\" Chairman of Australia\u2019s Fortescue Metals Andrew Forrest <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/carbon-capture-tech-complete-falsehood-says-fortescue-metals-chairman-2024-02-13\/\" style=\"\" rel=\"noopener\">said<\/a> at the 50th anniversary meeting of the International Energy Agency.The mining giant\u2019s executive cautioned that carbon capture tech is \u201ca complete falsehood,\u201d and warned business leaders against buying into the idea that leveraging carbon capture tech will eliminate the need for a fossil fuel phaseout. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first time a red flag has been waved against carbon capture: <\/strong>Carbon capture and storage (CCS) has largely <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/42eeb848-551d-4de6-86e0-24a4ed860faa\" style=\"\" rel=\"noopener\">helped drive the climate emergency<\/a>. \u201cIn 2021, 81% of carbon captured was actually used to <a target=\"_blank\" href=\"https:\/\/www.globalwitness.org\/en\/press-releases\/world-cannot-meet-climate-targets-relying-carbon-capture-and-storage\/\" style=\"\" rel=\"noopener\">produce more fossil fuels<\/a>, as it was pumped underground to force out oil and gas,\u201d Global Witness said. The Energy Transitions Commission \u2014 which includes British oil giant BP \u2014 said in a report <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-16\/oil-majors-carbon-capture-plans-dubbed-a-dangerous-delusion?srnd=green-esg-investing#xj4y7vzkg\" style=\"\" rel=\"noopener\">released<\/a> in November that the role CCS plays in offsetting emissions will be \u201cvital but limited.\u201d Hard-to-abate industries and fossil fuel producers relying on the tech to mitigate their carbon output are laboring under a \u201cdangerous delusion,\u201d it cautioned. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- Egypt\u2019s carbon market inches closer:<\/strong> The Financial Regulatory Authority (FRA) in Egypt has authorized three bodies to verify projects that claim to reduce carbon emissions \u2014 a key step towards the launch of a voluntary carbon market, according to a <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/5n753k99\" style=\"\" rel=\"noopener\">statement<\/a>. The FRA selected T\u00dcV Nord EGYPT and T\u00dcV Nord Cert \u2014 both subsidiaries of the German certification firm T\u00dcV Nord Group \u2014 and the Egyptian Center of Organic Agriculture to take on the responsibility. The FRA formed a committee to supervise and regulate the voluntary carbon market <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/718135b9-1d1d-4ab7-9107-02e2be931079\" style=\"\" rel=\"noopener\">last April<\/a>. The new regulator's mandate includes establishing a rulebook outlining the requirements for issuing carbon credits, mapping out the greenhouse gas disclosure schemes companies would have to follow to verify their carbon output, and setting out the criteria for selecting verified carbon crediting bodies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The EGX said it planned to set up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2d24668-bf4a-49e8-8e5a-5ec23423b2aa\" style=\"\" rel=\"noopener\">Africa\u2019s first voluntary carbon market<\/a> back in 2022. The market would allow companies in Egypt and Africa working on emissions-reducing projects to sell certified carbon credits, which can then be bought by other companies wanting to offset their emissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Germany wants to support regional green hydrogen projects: <\/strong>The German Federal Ministry for Economic Cooperation and Development (BMZ) has launched a call for proposals for its EUR 270 mn <a target=\"_blank\" href=\"https:\/\/www.kfw-entwicklungsbank.de\/Our-topics\/PtX\/\" style=\"\" rel=\"noopener\">Power-to-X Development Fund<\/a> to support green hydrogen production projects, <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/02\/360769\/german-ptx-fund-offers-grants-for-moroccan-green-hydrogen-projects\" style=\"\" rel=\"noopener\">Morocco World News<\/a> reports. Egypt and Morocco are amongst the countries eligible for the fund, which is managed by Germany\u2019s KfW Development Bank, according to an earlier <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1240.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The deadline for submission is on March 1. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The criteria:<\/strong> The grant aims to boost project profitability and facilitate additional financing opportunities for developers of industrial projects that use renewable electricity to produce hydrogen or other synthetic fuels. The fund is targeting projects exceeding EUR 100 mn and covers various stages of the green hydrogen value chain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KfW ? Morocco + Egypt: <\/strong>Germany's KfW Development Bank has signed two development financing agreements totalling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/908c82df-aa17-45a9-b179-b9ac2e74b97c\" style=\"\" rel=\"noopener\">EUR 76 mn<\/a> with Egypt's International Cooperation Ministry to be allocated to renewable energy and smart grid projects last month. The lender also inked three loan agreements totalling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/420a9b33-c3d4-49fa-88a9-c68f7f1ecad5\" style=\"\" rel=\"noopener\">EUR 250 mn and two grant agreements worth EUR 7 mn<\/a> with Morocco to fund projects related to social protection, green mobility, and improving irrigation efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#3- <\/strong><strong>IEA <\/strong><strong>unveils program to secure critical minerals for the energy sector: <\/strong>The International Energy Agency (IEA) is launching a program to secure the supply of critical minerals including lithium, cobalt, and copper, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/iea-launch-security-program-minerals-critical-energy-sector-2024-02-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The program is inspired by the IEA\u2019s oil security mechanism, which requires member countries to hold 90 days\u2019 worth of oil stocks. \"Currently, we are A, not able to keep up with the demand, and B, the ability of manufacturing these critical minerals is concentrated in one single country or two,\" IEA executive director Fatih Birol said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rebuke to China?<\/strong> The minerals giant is the main producer of 30 out of 50 critical materials and imposed curbs on exports of critical minerals last year to retain its dominance over the supply chain, the newswire writes. China controls <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/chinas-rare-earths-dominance-focus-after-mineral-export-curbs-2023-07-05\/\" style=\"\" rel=\"noopener\">over 70%<\/a> of the world's rare earth production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- TotalEnergies\u2019 CEO thinks<\/strong><strong>the IMF\u2019s debt rules are stunting the growth of Africa\u2019s <\/strong><strong>green energy <\/strong><strong>sector<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/totalenergies-ceo-says-imf-debt-rules-hobbling-african-green-energy-projects-2024-02-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing comments made by Patrick Pouyanne at an IEA government-industry dialogue. Electricity projects in the continent suffer from \u201ca problem of solvency,\u201d and the IMF has been cautioning governments against extending guarantees to clean energy developers for fear of debt expansions, Pouyanne said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First-hand experience:<\/strong> The company has developed <a target=\"_blank\" href=\"https:\/\/totalenergies.com\/egypt\" style=\"\" rel=\"noopener\">two solar plants<\/a> in Egypt in partnership with Proparco and the EBRD and its subsidiary TotalEren also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1f8d7402-6d05-4eae-b3b0-b5bb811be7ab\" style=\"\" rel=\"noopener\">signed an agreement<\/a> for a 300k ton green ammonia facility in Ain Sokhna alongside SME investor Enara Capital. The IMF\u2019s approach has led the company to limit green transition growth on the continent to B2B mining projects because it is an industry where Total knows they will receive payment, Pouyanne said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The problem extends beyond Africa: <\/strong>The company signed an agreement with the Iraqi government to develop a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/51dc97b8-0151-4e97-9b16-b64ed15a741e\" style=\"\" rel=\"noopener\">1 GW solar power plant<\/a> to supply the Basrah regional grid in April 2023, and said the project\u2019s international funders wanted more loan guarantees from Iraq than Total itself, leading the company to fully self-insure the project to avoid burdening the government with additional debt, he noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The<\/strong><strong>EU needs better direction of green funds: <\/strong>The EU may need to direct more private funds into sustainable investments to achieve its net-zero economy goals, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/europe-may-need-better-direct-private-funds-save-green-goals-2024-02-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a document it has seen. The document \u2014 which seeks member state views on the EU's financial policy for the next five years \u2014 also highlights the challenges faced by the financial services industry in creating a single market and reducing reliance on third-country providers. The EU has already introduced several rules to promote green finance, such as guidelines on sustainable investments, rules for green bonds, and mandatory disclosures for companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- A new <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nature.com\/articles\/d41586-024-00391-3\" style=\"\" rel=\"noopener\">study<\/a><\/strong><strong> has found that <\/strong><strong>EU <\/strong><strong>climate <\/strong><strong>policy <\/strong><strong>relies too much on unproven CCS <\/strong><strong>technology. <\/strong>The European Commission proposed to speed up the development of technologies like carbon capture and storage (CCS) in its new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/efd33e12-9ffb-4381-b318-b41adc32c3fa\" style=\"\" rel=\"noopener\">proposed roadmap<\/a> to achieve the EU's 2040 climate target, but the commission's science advisers warn the technology is not ready to support the reduction targets. There are currently no fully operational CCS plants in Europe nor is there a system for governing and regulating the technology. There are 10 planned CCS projects but their combined carbon-capture capacity is expected to be less than what is needed to achieve the EU's 2040 climate target.<\/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>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypes.com\/exhibition\/visitor-registration\/?actioncode=DIG2&utm_source=search&utm_medium=cpc&utm_campaign=visprom&utm_term=egyps&gad_source=1&gclid=CjwKCAiAtt2tBhBDEiwALZuhAN2zAhQXEPpPBPkOGQKqu_yqP9kd5-STi_DShwshsbtwI-_gOyW55RoCLYQQAvD_BwE\" style=\"\" rel=\"noopener\">Egypt Energy Show<\/a><\/strong><strong> from Monday, 19 February to Wednesday, 21 <\/strong><strong>February<\/strong> in Cairo. The event will gather 35k energy industry professionals and host over 80 conferences on energy transition and sustainable production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/conferences.uaeu.ac.ae\/warms2024\/en\/index.shtml\" style=\"\" rel=\"noopener\">Management and Sustainability of Water Resources<\/a><\/strong><strong> Conference <\/strong><strong>from Monday, 26 February to Wednesday 28 February<\/strong> in Dubai. Water availability in arid and semiarid regions, global water issues, and future water and environmental challenges are all on the agenda.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">International Conference on Sand and Dust Storms in the<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">Arabian Peninsula<\/a><\/strong><strong> from Monday, 4 March to Wednesday, 6 March <\/strong>in Riyadh. The conference will address regional challenges caused by sand and dust storms and discuss monitoring systems, mitigation strategies, economic and infrastructural impacts, and more.<\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iea\/\">IEA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82427\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82428\" 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=\"82428\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\r\n                            EDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project&url=https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/&title=EDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EDF+and+Korea+Western+Power+set+to+build+UAE%E2%80%99s+1.5+GW+Al+Ajban+solar+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F02%2F15%2Fedf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82429\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/1435-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1435.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82428\" class=\"content-area-description single-story post-82428 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-enterpriseclimate tag-solar tag-solar-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\/2024\/2\/.c6072c0d-0e11-4934-b88c-e8aecd1a110e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ewec taps EDF + Kowepco for Al Ajban project: <\/strong>The Emirates Water and Electricity Company (Ewec) has selected a consortium comprising France\u2019s EDF and Korea Western Power (Kowepco) to develop the 1.5 GW Al Ajban solar IPP project for an estimated investment ticket of USD 748 mn, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/3daJ5\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a Koewpco <a target=\"_blank\" href=\"https:\/\/bitly.ws\/3daJ7\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The plant will break ground in June and is set for completion in 2026. The consortium estimates the plant will generate around USD 2.24 bn in revenues and Ewec will be the sole offtaker for the project for a period of 30 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>Al Ajban \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43031cf2-39a8-4286-aa35-e6dddbd11964\" style=\"\" rel=\"noopener\">Ewec\u2019s<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43031cf2-39a8-4286-aa35-e6dddbd11964\" style=\"\" rel=\"noopener\">third solar power project<\/a> \u2014 is expected to generate enough electricity to power c. 160k homes across the country, according to the statement. It is set to raise Ewec\u2019s total solar power capacity to c. 4 GW and slash Abu Dhabi\u2019s carbon dioxide emissions by up to 2.4 mn tons annually. The company had originally planned to award the project by 4Q last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ewec has more in the works: <\/strong>The company invited developers to submit expressions of interest to establish its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ac5a6d33-aaf5-4511-a65a-c057c0232f85\" style=\"\" rel=\"noopener\">1.5 GW Khazna<\/a> solar farm last September and launched a tender process for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2de9eb52-064c-464f-b278-2280e0853d89\" style=\"\" rel=\"noopener\">battery energy storage system project<\/a> to complete the development, financing, construction, operation, maintenance, and ownership of the greenfield facility with a power capacity of 400 MW. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the consortium\u2019s first regional project: <\/strong>EDF and Kowepco are also currently developing Oman\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13e04bb2-8f33-4830-a313-ef533ce04fba\" style=\"\" rel=\"noopener\">500 MW Manah<\/a> solar project. The plant will boast around 1 mn bifacial PV modules and provide clean energy for approximately 50k homes while offsetting 780k tons of CO2 annually. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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                            <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=\"82430\" 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=\"82430\">\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\">MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/the-eus-hydrogen-import-goals-are-unrealistic-study-finds\/\">\r\n                            The EU\u2019s hydrogen import goals are unrealistic, study finds                        <\/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\/2024\/02\/15\/the-eus-hydrogen-import-goals-are-unrealistic-study-finds\/\" 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 <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1095.pdf\" style=\"\" rel=\"noopener\">study<\/a> \u2014 conducted by Ricardo consultancy \u2014 analysed the EU's needs for hydrogen imports and evaluated the potential risks and benefits of such imports from six countries which it identified are the most likely to source the majority of renewable hydrogen to the EU by the end of the decade. The goal to import 10 mn tons of renewables comes as part of the EU\u2019s <a target=\"_blank\" href=\"https:\/\/commission.europa.eu\/strategy-and-policy\/priorities-2019-2024\/european-green-deal\/repowereu-affordable-secure-and-sustainable-energy-europe_en\" style=\"\" rel=\"noopener\">RePowerEU<\/a> plan launched in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt, Oman, and Morocco are amongst the six countries expected to provide the bulk of renewable hydrogen to the EU<\/strong>,the study found, but which have concluded is \u201cunrealistic\u201d when compared to legally binding targets and the actual demand for hydrogen in the bloc. The other three countries considered are Chile, Namibia, and Norway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Limited export capacity: <\/strong>While the IEA estimates only 4% of the announced hydrogen projects worldwide have reached a final investment decision, 80% of projects in the six exporting countries \u2014 or 99% of the planned capacity \u2014 were still in the technical feasibility stage in 2022. The study also analysed the national hydrogen strategies of the six countries and estimated that they could export 2.6 Mt of hydrogen by 2030, significantly below the EU\u2019s target of 10 mn tons.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The infrastructure isn\u2019t ready either: <\/strong>The study also noted that the hydrogen infrastructure is currently in no place to transport the gas in its pure form, as the only feasible methods for export involve its derivatives, such as ammonia or methanol. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a826ad24-7a75-4bc4-a4e5-94d5cd5bc2cc\" style=\"\" rel=\"noopener\">region's hydrogen infrastructure<\/a> is still at a nascent stage, scoring 2.6 out of 5 in a survey of investors\u2019 opinions on hydrogen production infrastructure carried out by the Global Infrastructure Investor Association last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Renewables could be better used to decarbonize home grids:<\/strong> The renewable electricity planned for hydrogen exports to Europe could significantly decarbonize the grids of those exporting countries, the data from T&E\u2019s report found. Oman \u2014 which primarily relies on fossil fuels for its power generation \u2014 could meet 84% of its projected electricity demand and reduce its grid emissions by up to 90% if it were to use the renewables allocated for green hydrogen production set for export, locally. Morocco's and Egypt's emissions can also drop by 40% and 7% by using clean energy to feed domestic demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased demand will strain exporter\u2019s water resources: <\/strong>Producing the 2.6 mn tons of hydrogen planned for export would require between 55 and 80 mn tons of water annually, the study notes, adding that pursuing the 10 mn tons hydrogen goal would raise the number to between 200 and 300 mn tons annually. Most of the countries studied are already facing water scarcity issues like <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/earth-and-planetary-sciences\/groundwater-recharge\" style=\"\" rel=\"noopener\">low-recharge rates<\/a> in Morocco and <a target=\"_blank\" href=\"https:\/\/www.lenntech.com\/groundwater\/seawater-intrusions.htm\" style=\"\" rel=\"noopener\">seawater intrusion<\/a> in Oman. While one solution to avoid water problems in hydrogen production is to ramp up desalination projects to produce the needed water for the electrolyzer process, the tech \u2014 which Egypt and Oman has been rolling out \u2014 has financial and environmental obstacles, including the risk of released high concentrations of brine into the ocean, impacting aquatic biodiversity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Land is limited, too: <\/strong>Another challenge is that the hydrogen projects would require substantial land areas to build massive renewables plants dedicated to power green hydrogen production, electrolysers, as well as export infrastructure. The estimated land requirement ranges from 3k to 13k sqkm. One example is Egypt where industries and agriculture areas are concentrated alongside the Nile and the Suez Canal, to which large-scale hydrogen projects could disturb local ecosystems and populations, especially during the construction phase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meeting demand domestically is more realistic: <\/strong>The study estimates that the EU has the potential to produce between 5.8 mn tons and 7.5 mn tons by 2030, given that the current ramp-up of renewables continues as expected. To achieve the RePowerEU goals by 2030, the production of electrolytic hydrogen in the European Union must experience a minimum annual growth rate of 97%, the study said, citing research by the think tank Zenon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where do e-fuels stand? <\/strong>The EU's regulations \u2014 which will ban the use of any fossil carbon for e-fuel production from 2041 and carbon from fossil power generation from 2036 \u2014 present a hurdle for most of the countries studied as they grapple with the lack of an alternative non-fossil carbon source for the production of synthetic fuels. While direct air capture could be employed as a carbon source for e-fuel production. only a handful of such projects have been identified so far in the six identified case studies. However, e-fuels that do not require carbon (such as e-ammonia) could be developed and imported into the EU, especially for the shipping sector which is able to use them directly<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T&E recommendations on hydrogen imports: <\/strong>The report published seven recommendations to be considered by the EU: revise downwards the \u201cunrealistically high\u201d 2030 hydrogen targets for both imports and local production; focus on local production first; have exporting countries establish a legal framework to respect the principle of Free, Prior & Informed Consent of the local population; allow the industrial scale deployment of renewable sources only if undertaken simultaneously with local grid decarbonisation; have projects be conditional on an assessment of water availability, wastewater disposal, biodiversity and land use impacts; prepare a switch to sustainable carbon sourcing; and ensuring the certification of green fuels are well monitored and verified. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/european-union\/\">European Union<\/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\/macro-picture\/\">MACRO PICTURE<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82432 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     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\n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82433\" 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=\"82433\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/fertiglobe-and-tabreed-report-a-drop-in-net-income-in-2023\/\">\r\n                            Fertiglobe and Tabreed report a drop in net income in 2023                        <\/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 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            <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/fertiglobe-and-tabreed-report-a-drop-in-net-income-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1114.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82434\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/fertiglobe-and-tabreed-report-a-drop-in-net-income-in-2023\/1114-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1114.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1114.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1114.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1114.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82433\" class=\"content-area-description single-story post-82433 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate tag-fertiglobe tag-tabreed 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\/2024\/2\/.5e0344d7-0d71-4dbf-a9a0-f309d25cc1c4.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">FERTIGLOBE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe\u2019s bottom line dipped in 2023:<\/strong> UAE-headquartered urea and ammonia exporter and MENA\u2019s largest producer of nitrogen fertilizers Fertiglobe reported a 72% y-o-y decline in adjusted net income after minorities to USD 363 mn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1403.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues dipped 52% y-o-y to USD 2.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For 4Q 2023:<\/strong> The company saw a 48% y-o-y drop in its adjusted net income to USD 102.5 mn in 4Q 2023, while revenues fell 39% y-o-y to USD 645.9 mn in 4Q 2023. On a quarterly basis, the company saw its net income jump 149% q-o-q, while revenues increased 23% q-o-q.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quarterly boost was expected: <\/strong>The company stated last quarter that its short-term outlook was favourable given its strong order book. Fertiglobe attributed the jump in revenues to \u201chigher sales volumes and increased ammonia prices driven by a higher gas price and tight markets due to supply disruptions.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A look forward: <\/strong>Fertiglobe expects demand in the Northern Hemisphere to increase in the next season due to robust demand in other regions, including Brazil and Australia. Low stock levels in major importing regions, continued export restrictions from China, and supply chain disruptions in the Red Sea are expected to further boost prices. <\/p>\n<p class=\"tag-border-left\">TABREED-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tabreed reported a 32% y-o-y drop in net income after minority interest to AED 426 mn in 2023, <\/strong>according to its <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/disclosures\/dbd352bf-57d9-426b-838c-486d0f76273b\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a>. The company\u2019s bottom line was affected by a \u201cone-off, noncash accounting impact\u201d from recognizing AED 359 mn in deferred tax liabilities on the back of the UAE\u2019s new corporate tax, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1478.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues for the year grew 9% y-o-y to AED 2.4 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tabreed\/\">Tabreed<\/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=\"82435\" 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=\"82435\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/ifc-opens-access-to-its-ai-powered-esg-market-analysis-platform-malena\/\">\r\n                            IFC opens access to its AI-powered ESG market analysis platform Malena                        <\/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\/2024\/02\/15\/ifc-opens-access-to-its-ai-powered-esg-market-analysis-platform-malena\/\" 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 new tool will leverage 15 years of market data and help fill a gap for investors looking to tap developing countries\u2019 ESG sector \u2014 where there is a lack of disclosure regulations or coverage by data providers \u2014 by enabling access to intel on emissions output, gender data, and sentiment insights. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How will it help? <\/strong>The platform will process hundreds of pages of data \u2014 including annual reports and corporate policies \u2014 against over 1k ESG terms, predicting sentiment with an accuracy of 91%. For instance, an asset manager exploring potential investments in a company could upload 600 pages of the company's annual reports and policies on the platform, which could then promptly identify that the term \"fraud\" is commonly mentioned in those documents. The asset manager could then delve deeper into the occurrences of this term within the original documents to gain additional context. This information could be valuable in initiating a discussion with the company's leadership regarding governance controls.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA turns to space monitoring to tackle climate change: <\/strong>Saudi Arabia is using space observation tech to better monitor the environment and measure the effect of its efforts to combat climate change, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/gulf-news\/2024\/02\/14\/saudi-arabia-to-monitor-its-eco-efforts-from-space-in-new-green-strategy\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. The country will use space monitoring to track the impact of its Green Initiative to plant 10 bn trees to offset the effects of climate change. The country will use Earth observation and remote sensing satellites to measure the changes that take place as the trees are planted, Advisor to the chief executive of the Saudi Space Agency Mishaal Ashemimry said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THERMAL ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Moroccan <\/strong><strong>cheese company launches new green energy unit: <\/strong>The Moroccan branch of Bel Group has inaugurated a new unit for producing energy from biomass at its factory in Tangier, according to a <a target=\"_blank\" href=\"https:\/\/fb.watch\/qceLpm7cw3\/\" style=\"\" rel=\"noopener\">(watch, runtime 0:35)<\/a>. The <a target=\"_blank\" href=\"https:\/\/ihata.ma\/post\/428667\/\" style=\"\" rel=\"noopener\">MAD 30 mn unit<\/a> uses a boiler that generates steam by heating olive residues, providing 80% of the factory\u2019s needs for organic thermal energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco has more plans for biomass energy: <\/strong>Swedish green hydrogen developer S2H2+Bm has announced plans to develop <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bbc483c8-df6d-478f-99d4-c9199014667e\" style=\"\" rel=\"noopener\">solar energy and biomass generation projects<\/a> in Morocco in a bid to establish a large-scale green hydrogen plant in the African country by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NUCLEAR ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russia and Egypt <\/strong><strong>ink uranium supply agreement: <\/strong><a target=\"_blank\" href=\"https:\/\/www.tvel.ru\/en\/\" style=\"\" rel=\"noopener\">TVEL<\/a> \u2014 a subsidiary of Russian state-owned nuclear developer <a target=\"_blank\" href=\"https:\/\/www.rosatom.ru\/en\/\" style=\"\" rel=\"noopener\">Rosatom<\/a> \u2014 has signed an agreement with the Egyptian government for the supply of low-grade uranium components, according to a <a target=\"_blank\" href=\"https:\/\/rosatom.ru\/journalist\/news\/-rosatom-zakontraktoval-postavki-komponentov-topliva-dlya-issledovatelskogo-reaktora-v-egipte\/\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The atomic fuel would be used to power the country\u2019s second Experimental Training Research Reactor (<a target=\"_blank\" href=\"https:\/\/www.invap.com.ar\/en\/divisions\/nuclear\/etrr-2-reactor-in-egypt\" style=\"\" rel=\"noopener\">ETRR-2<\/a>), supplied by Argentine company Investigacion Aplicada. The Russian firm will also supply Egypt with <a target=\"_blank\" href=\"https:\/\/www.osti.gov\/servlets\/purl\/5462232#:~:text=Enriched%20aluminum%2Duranium%20alloys%20have,irradiated%20at%20SRS%20without%20incident.\" style=\"\" rel=\"noopener\">aluminum-uranium alloys and powder<\/a> used for nuclear reactor fuel elements. Deliveries are expected this year, Rosatom noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Egypt is moving ahead with its nuclear ambitions: <\/strong>Rosatom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/96db65d0-2bdb-4600-9668-a512f9447518\" style=\"\" rel=\"noopener\">kicked off<\/a> construction on the fourth and final reactor of the 4.8 GW Dabaa nuclear power plant in January. The company was contracted in 2015 to handle the construction and provide fuel for Dabaa and broke ground on the USD 28.75 bn project in July 2022. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADCB and France\u2019s Schneider Electric expand green <\/strong><strong>investments<\/strong><strong> in Egypt: <\/strong>France\u2019s Schneider Electric has partnered with The Abu Dhabi Commercial Bank (ADCB) to finance real estate projects using energy efficient buildings and sustainable development projects in Egypt dependent on clean sources of energy, the company <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7163469515748466688\/\" style=\"\" rel=\"noopener\">said<\/a>. Under the partnership, ADCB will finance microgrid solutions for Schneider Electric\u2019s Badr Factory to provide clean power to real estate projects and establish a cooled agricultural greenhouse, a water desalination unit, a water pump, and a fertilization unit in Marsa Matrouh Governorate, <a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2024\/02\/13\/abu-dhabi-commercial-bank-schneider-electric-sign-two-mous-to-finance-green-sustainable-projects-in-egypt\/\" style=\"\" rel=\"noopener\">Daily News Egypt<\/a> reports. <\/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>Presight + Samruk-Kazyna ink agreement on green tech: <\/strong>UAE\u2019s big data analytics company Presight and Kazakh sovereign wealth fund Samruk-Kazyna have inked an agreement to develop an AI supercomputer and data center cluster powered by green energy in Kazakhstan. (<a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1141.pdf\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>UAE begins final tests on Barakah\u2019s fourth reactor:<\/strong> The UAE\u2019s 5.6 GW Barakah Nuclear Energy Plant \u2013 which is expected to become <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bd37f42b-6295-4b55-9b06-5d71555fc1a6\" style=\"\" rel=\"noopener\">operational this year<\/a> \u2013 is undergoing final tests on its fourth and final unit before connecting it to the national grid. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/fa\/article\/b1n6u2q-barakah-unit-grid-connection-nears-electricity\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>UAE <\/strong><strong>launches new platform to boost sustainability: <\/strong>The UAE\u2019s Energy and Infrastructure Ministry has launched its Twin Digital Platform, which will display in real-time the livability and sustainability of cities on 3D models, including statistics about energy and water consumption, carbon footprint, air quality, and waste levels to support green policy implementation decision-making. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ns96x-ministry-energy-and-infrastructure-launches-big\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Array Technologies expands into KSA: <\/strong>Solar tracking solutions company <a target=\"_blank\" href=\"https:\/\/arraytechinc.com\/\" style=\"\" rel=\"noopener\">Array Technologies<\/a> has signed an agreement with the <a target=\"_blank\" href=\"http:\/\/www.alupco.com\/\" style=\"\" rel=\"noopener\">Aluminum Products Company<\/a> to localize its solar product manufacturing in Saudi Arabia to meet the growing demand for solar PV installations. (<a target=\"_blank\" href=\"https:\/\/arraytechinc.com\/press-release\/array-technologies-and-alupco-announce-strategic-partnership-in-the-middle-east\/\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Oman to ban plastic bags by 2027:<\/strong> Oman plans to phase out single-use plastic shopping bags by 2027. The sultanate established 10 factories to produce environmentally-friendly bags, distributing 500k of them since 2021. (<a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2024\/02\/11\/oman-to-ban-plastic-shopping-bags-by-2027-in-phases\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a>) <\/li>\n<li><strong>AW Rostamani to unroll <\/strong><strong>Zeekr<\/strong><strong> models in UAE: <\/strong>The UAE\u2019s AW Rostamani Group is partnering with Geely\u2019s EV brand Zeekr to launch its models in the country. The company is set to roll out the Zeekr 001 and Zeekr X in the UAE next month. (<a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/MTR_418827.html\" style=\"\" rel=\"noopener\">Trade Arabia<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adcb\/\">ADCB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/desalination\/\">DESALINATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ifc\/\">IFC<\/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\/nuclear-energy\/\">Nuclear Energy<\/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\/schneider-electric\/\">Schneider Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainable-agriculture\/\">sustainable agriculture<\/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=\"82437\" 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=\"82437\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/sunfire-installs-20-mw-electrolyzer-in-finland-japan-launches-worlds-first-sovereign-transition-bonds\/\">\r\n                            Sunfire installs 20 MW electrolyzer in Finland + Japan launches world\u2019s first sovereign transition bonds                        <\/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\/2024\/02\/15\/sunfire-installs-20-mw-electrolyzer-in-finland-japan-launches-worlds-first-sovereign-transition-bonds\/\" 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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Production is expected to have a 3.5k ton per annum generation at full capacity and is slated for 2H 2024, the statement notes. This is the largest electrolyzer deployment in the country, and once operational is also set to have the EU\u2019s biggest capacity alongside three other 20 MW units by Everfuel in Denmark, Ovako in Sweden, and Iberdrola in Spain, according to <a target=\"_blank\" href=\"https:\/\/www.hydrogeninsight.com\/electrolysers\/sunfire-installs-one-of-europes-largest-electrolysers-to-make-green-hydrogen-and-e-methane\/2-1-1597851\" style=\"\" rel=\"noopener\">Hydrogen Insight<\/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><\/strong><strong>Japan has sold JPY 800 bn (USD 5.3 bn) of the world\u2019s first sovereign climate transition <\/strong><strong>bonds<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/tokyo-worlds-first-sovereign-transition-bonds-make-their-debut-2024-02-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The funds will be funneled towards helping the country transition to netzero by 2050, part of Japan\u2019s plan to sell JPY 20 tn of climate bonds in the next decade. The funds are slated for projects like low-cost wind power generators and alternative fuel-ready aircraft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next steps:<\/strong> Japan\u2019s Finance Ministry intends to follow up with an additional JPY 800 bn sale of five-year transition bonds on 27 February and JPY 1.4 tn in the upcoming fiscal year, according to the newswire. <\/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>Honeywell\u2019s LHOC tech heads to Japan:<\/strong> Japanese energy company <a target=\"_blank\" href=\"https:\/\/www.eneos.co.jp\/english\/\" style=\"\" rel=\"noopener\">Eneos<\/a> will use Honeywell\u2019s <a target=\"_blank\" href=\"https:\/\/pmt.honeywell.com\/us\/en\/solutions\/sustainability\/hydrogen-solutions\/liquid-organic-hydrogen-carrier\" style=\"\" rel=\"noopener\">Liquid Organic Hydrogen Carrier technology<\/a> to develop the world\u2019s first commercial scale project allowing green hydrogen to be transported long distances. (<a target=\"_blank\" href=\"https:\/\/www.honeywell.com\/us\/en\/press\/2024\/02\/honeywell-technology-to-power-the-world-s-first-commercial-scale-liquid-organic-hydrogen-carrier-project\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/finland\/\">Finland<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/japan\/\">Japan<\/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=\"82439\" 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=\"82439\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/\">\r\n                            Atlantic ocean current circulation is on course for an abrupt shift that spells disaster                        <\/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\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/\" 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\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/')\">\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\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/\">\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=Atlantic ocean current circulation is on course for an abrupt shift that spells disaster&url=https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/\">\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\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/&title=Atlantic ocean current circulation is on course for an abrupt shift that spells disaster\">\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=Atlantic+ocean+current+circulation+is+on+course+for+an+abrupt+shift+that+spells+disaster+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F02%2F15%2Fatlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster%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\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3548.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82440\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/atlantic-ocean-current-circulation-is-on-course-for-an-abrupt-shift-that-spells-disaster\/3548-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3548.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3548.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3548.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3548.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82439\" class=\"content-area-description single-story post-82439 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-climate-change tag-enterpriseclimate tag-on-your-way-out 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\/2024\/2\/.5ee36bf2-5399-4c3f-a53e-09197c2cf480.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Atlantic ocean<\/strong><strong> circulation is approaching a \u201cdevastating\u201d turning point: <\/strong>Atlantic ocean current circulation is on course for an abrupt shift that spells disaster for the environment, <a target=\"_blank\" href=\"http:\/\/theguardian.com\/environment\/2024\/feb\/09\/atlantic-ocean-circulation-nearing-devastating-tipping-point-study-finds\" style=\"\" rel=\"noopener\">The Guardian<\/a> writes, citing a new study published in <a target=\"_blank\" href=\"https:\/\/www.science.org\/doi\/10.1126\/sciadv.adk1189\" style=\"\" rel=\"noopener\">Science Advances<\/a>. The expected shift in Atlantic meridional overturning circulation (Amoc) \u2014 which sends warm water from south to north and regulates global weather patterns \u2014 forecasts more impending extreme weather events worldwide.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is Amoc?<\/strong> Amoc \u2014 which houses a section of the Gulf Stream and other strong currents \u2014 functions as a marine conveyor belt transporting heat, carbon, and nutrients from tropical regions towards the Arctic Circle. Upon reaching the Arctic, it cools and descends into the depths of the ocean. This circulation process aids in distributing energy across the globe and regulates the effects of man-made global warming.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Climate change is the culprit: <\/strong>Amoc is being eroded by the rapid melting of glaciers in the Arctic, which pour fresh water into the ocean and obstruct the warmer, saltier tropical water from sinking. The researchers measured salinity levels at the southern extent of the Atlantic Ocean between Cape Town and Buenos Aires, and then simulated transformations spanning 2k years using computer models of the global climate. They discovered that a gradual decrease can result in a rapid collapse within fewer than 100 years, leading to catastrophic outcomes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Devastating consequences: <\/strong>The collapse of Amoc is expected to cause sea levels to rise by 1 meter in some regions in the Atlantic, flooding coastal cities. It is also expected to cause erratic fluctuations in global temperatures, causing warming in the Southern Hemisphere and cooling in the north. Europe will see its rainfall levels fall and the continent will cool dramatically, while the Amazon\u2019s wet and dry seasons will flip, potentially driving it to its own tipping point. The speed at which climatic shifts are expected to occur will be \u201cdevastating,\u201d rendering adaptation impossible, the study\u2019s authors said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When is this supposed to happen?<\/strong> Amoc has already declined 15% since 1950, bringing it to its weakest state in over a millennium, and one <a target=\"_blank\" href=\"https:\/\/www.nature.com\/articles\/s41467-023-39810-w\" style=\"\" rel=\"noopener\">study<\/a> forecasts the tipping point will occur between 2025 and 2095. A 2019 study by the IPCC projected that Amoc <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8878f1dc-76ab-4908-937e-78c4e6723807\" style=\"\" rel=\"noopener\">would weaken<\/a> over this century, but that a full collapse before 2100 was unlikely.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82441\" 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\/2024\/02\/15\/82441\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82441\" class=\"content-area-description single-story post-82441 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\">FEBRUARY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypes.com\/exhibition\/visitor-registration\/?actioncode=DIG2&utm_source=search&utm_medium=cpc&utm_campaign=visprom&utm_term=egyps&gad_source=1&gclid=CjwKCAiAtt2tBhBDEiwALZuhAN2zAhQXEPpPBPkOGQKqu_yqP9kd5-STi_DShwshsbtwI-_gOyW55RoCLYQQAvD_BwE\" style=\"\">Egypt Energy Show (EGYPES)<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/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>26-28 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conferences.squ.edu.om\/apcc\/home\" style=\"\">Oman Conference for Environmental Sustainability<\/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>27-27 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climatebusinessforum-apac.cventevents.com\/event\/8deaa6a2-0044-491d-b931-3007c27ada9e\/websitePage:9223e296-3a80-4563-9a02-4fcb20212b67?Refid=IFC&locale=en&rt=eVoLSxrWm06F7_ZZfEx0-w\" style=\"\">Climate Business Forum: Asia Pacific<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong, China.<\/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>16-18 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/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>22-24 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omanpetroleumandenergyshow.com\/\" style=\"\">Oman Petroleum and Energy Show<\/a><\/span><span style=\"font-weight:400;\">, Mustac, Oman.<\/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>28-29 April (Sunday-Monday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/press\/2024\/01\/annual-meeting-2024-rebuilding-trust-amid-uncertainty\/\" style=\"\">Global Cooperation, Growth and Energy for Development,<\/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>28-2 May (Sunday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omansustainabilityweek.com\/\" style=\"\">Oman Sustainability Week<\/a><\/span><span style=\"font-weight:400;\">, Oman International Exhibition Center, Muscat.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 April-2 May (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 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;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globalwasteforum.com\/en\" style=\"\">Global Waste Forum<\/a><\/span><span>, <\/span><span style=\"font-weight:400;\">Algiers, Algeria. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 to 16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb\/visit.html\" style=\"\">Airport Show<\/a><\/span><span>, Dubai, UAE. <\/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>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\">Electric Vehicle Innovation 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>28-30 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.moiat.gov.ae\/en\/media-center\/news\/2024\/01\/23\/miite-forum-dates?\" style=\"\">Make it in the Emirates Forum<\/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 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>15-17 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto Show<\/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\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 November (Monday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)<\/a><\/span><span>, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 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\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>Ewec taps developers for Al Ajban solar farm | Egypt makes moves on setting on carbon market | IEA wants to secure critical mineral supply<\/p>\n","protected":false},"featured_media":82424,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-82423","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ee23b02b-6fe7-45dc-b6bd-406c81292b6b","teaser":"Ewec taps developers for Al Ajban solar farm | Egypt makes moves on setting on carbon market | IEA wants to secure critical mineral 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