{"id":82897,"date":"2024-03-11T07:00:00","date_gmt":"2024-03-11T07:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=82897"},"modified":"2025-12-15T10:28:40","modified_gmt":"2025-12-15T10:28:40","slug":"ceer-awards-awarded-a-usd-1-3-bn-construction-contract-for-ev-complex","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/ceer-awards-awarded-a-usd-1-3-bn-construction-contract-for-ev-complex\/","title":{"rendered":"Ceer awards awarded a USD 1.3 bn construction contract for EV complex"},"content":{"rendered":"<section id=\"82899\" 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=\"82899\">\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\/03\/11\/today\/\">\r\n                            TODAY:                        <\/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\/03\/11\/today\/\" 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 agency urged policymakers to devise ways to overcome the systematic challenges poised to batter societies including more extensive ins. coverage, infrastructure overhaul, and protective legislation to protect laborers. <strong>The story was picked up by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/eu-must-prepare-catastrophic-climate-change-risks-agency-says-2024-03-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/fcff8bcc-ed54-4e11-86ed-ef8e74506841\" style=\"\" rel=\"noopener\">The Financial Times<\/a><\/strong><strong>.<\/strong><\/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 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- We have an investment ticket for Scatec\u2019s new Egypt solar project: <\/strong>Norway's Scatec is investing USD 1.1 bn to build a 2 GW solar project in Egypt\u2019s Qena \u2014 up from the initial 1 GW reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4af99887-051c-48c9-b8f8-7af8291db914\" style=\"\" rel=\"noopener\">last month<\/a>,according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/qena.governorate\/posts\/pfbid0VLGvBjsfSaYvCQyuv8B5H7smbYgDfiVX5kvnhNUP3CpWVvsijBrZ5Q5y2m685KfAl\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The project will be established near the aluminum factory in Nagaa Hammadi and will provide clean energy for the industrial complex. The project will allow EgyptAlum to convert to greener production at its factory in Naga Hammadi to facilitatesexports it to European countries.<\/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 first 500 MW phase of the project will be completed within 18 months, while the second phase is set to wrap up within two years. Scatec will finance the project, conduct studies, build the plant, and install the needed equipment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- Yemen has kicked off trial operations at its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/02f56af6-946b-4f73-bec7-c3dd31c3fb06\" style=\"\" rel=\"noopener\">inaugural 120 MW solar power plant<\/a><\/strong><strong> in <\/strong><strong>Aden last week<\/strong>, Aden governor Ahmed Lamlas said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AhmedBinLamlas\/posts\/pfbid0cg62v7nSMK7CLfHaLQ3PU88AKhiMHCRtX7NxBtp1tEJDVkY7ZueazkX8aRxMvMb1l?__cft__[0]=AZW_hfmvNX7F3IwpAY4Zs-FZ332Uw8-Hx_Z7ZmW8xmqNtLm1k9RlpqLPY0y6iH6Fly_NNnFANDC6cocvmyTJzZJTgL2LN_oaHZ5w9y6j9EdwH36caTOWi9TE3gCBYSFXIcIT5noj9NCgkyneXp6lNjlxfPFRcjNSaFTHN0p-ku-QFh-FsJyic3aFXv3HAcmtSS4yKADwP4RpOea861Zk7u-D&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">statement<\/a> last week. The trial operations will see the power plant generate between 20-30% of its operational capacity, with commercial operations set to commence within the next three months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3- Kuwait explores blue hydrogen production: <\/strong><a target=\"_blank\" href=\"https:\/\/www.kockw.com\/\" style=\"\" rel=\"noopener\">The Kuwait Oil Company<\/a> (KOC) is carrying out feasibility studies to explore blue hydrogen and ammonia production, state media outlet <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3141043&language=ar\" style=\"\" rel=\"noopener\">Kuna<\/a> reported on Thursday, citing comments made by KOC deputy CEO Amina Rajab. The studies are looking to compare several methods of carbon capture from hydrogen production \u2014 including <a target=\"_blank\" href=\"https:\/\/decarbonisationtechnology.com\/article\/63\/co2-capture-options-for-steam-methane-reforming-based-hydrogen-manufacturing-units\" style=\"\" rel=\"noopener\">steam methane reforming<\/a> (SMR), <a target=\"_blank\" href=\"https:\/\/www.rystadenergy.com\/insights\/production-of-blue-hydrogen-using-ccs\" style=\"\" rel=\"noopener\">autothermal reforming<\/a> and <a target=\"_blank\" href=\"http:\/\/media.hydrocarbonengineering.com\/whitepapers\/files\/The-Shell-Blue-Hydrogen-Process.pdf\" style=\"\" rel=\"noopener\">partial oxidation<\/a> \u2014 with the aim of producing 1k tons of blue hydrogen daily. The feasibility studies were launched in line with KOC\u2019s five initiatives aimed at slashing the country\u2019s CO2 emissions and achieving carbon neutrality by 2050.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#4- Aramco + Adnoc are eyeing lithium mining from brine:<\/strong> The UAE\u2019s Abu Dhabi National Oil Company (Adnoc) andKSA\u2019s Aramco \u2014 the largest national oil exporter in the world \u2014 are looking to profit off the EV industry by extracting lithium from brine in their oil fields, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/gulf-oil-giants-saudi-aramco-adnoc-set-sights-lithium-2024-03-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported Friday, citing sources with knowledge of the matter. The two oil companies are reportedly in the early stages of extracting lithium \u2014 a key component in EV battery production \u2014 although the type of direct lithium extraction (DLE) technology was not specified. American oil giants <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/exxon-aims-begin-lithium-production-by-2026-arkansas-source-2023-11-11\/\" style=\"\" rel=\"noopener\">ExxonMobil<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/dle-companies-racing-reshape-global-lithium-production-2023-06-16\/\" style=\"\" rel=\"noopener\">Occidental Petroleum<\/a> are also aiming to utilize new technologies to extract lithium from brine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- EU nations exit energy charter treaty:<\/strong> EU countries have collectively decided to withdraw from the 1998 Energy Charter Treaty (ECT) due to concerns that it undermines efforts to combat climate change, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/eu-countries-exit-energy-treaty-over-climate-concerns-officials-say-2024-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. The final decision is now awaiting approval from the European Parliament. The UK <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/53a88fb0-973c-401d-bd42-f47186bd7a69\" style=\"\" rel=\"noopener\">pulled out of the ECT<\/a> last month, following in the footsteps of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/01ac1008-cf14-4742-87da-d5d85a2ef4b0\" style=\"\" rel=\"noopener\">several other European countries<\/a> \u2014 including Denmark, France, Germany, the Netherlands, Poland, and Spain \u2014 who announced plans to depart from the treaty over its strong protections of fossil fuel projects. Italy withdrew from the ECT in 2015. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Attempts to retain members with an updated treaty:<\/strong> The EU Commission attempted to leave room for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0e9d0144-d27b-4e12-bf51-61df76c4cee9\" style=\"\" rel=\"noopener\">member states to remain in an \u201cupdated version\u201d<\/a> of the ECT last year. Countries like Cyprus, Slovakia, and Hungary had signaled preference to remain in a modernized version of the energy treaty to remain in the accord. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- HD Hyundai sets up maritime nuclear energy watchdog: <\/strong>South Korea\u2019s HD Hyundai Shipbuilding & Offshore Engineering revealed that it has established a London-based international regulatory body \u2014 called the <a target=\"_blank\" href=\"https:\/\/www.nemo.ngo\/\" style=\"\" rel=\"noopener\">Nuclear Energy Maritime Organization<\/a> (Nemo) \u2014 aimed at regulating and standardizing the deployment, operation and decommissioning of nuclear energy within the maritime sector, <a target=\"_blank\" href=\"https:\/\/www.businesskorea.co.kr\/news\/articleView.html?idxno=212587\" style=\"\" rel=\"noopener\">Business Korea<\/a> reports. Comprising 11 founding nuclear companies from seven countries, the organization will collaborate with the International Maritime Organization and the International Atomic Energy Agency (IAEA) to \u201cserve as a cornerstone to advance the era of offshore nuclear power,\u201d Nemo\u2019s inaugural chairman and IAEA\u2019s former safety division head, Mamdouh el-Shanawany said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- <\/strong><strong>South <\/strong><strong>Korea is set to become the first Asian country to offer carbon-linked <\/strong><strong>financial products to retail investors, <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/south-korea-to-launch-asia-s-first-retail-carbon-linked-investment-product\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. In collaboration with Korea Exchange and local securities firms, South Korea\u2019s Environment Ministry announced that it will launch <a target=\"_blank\" href=\"https:\/\/www.investopedia.com\/terms\/e\/etn.asp\" style=\"\" rel=\"noopener\">exchange-traded notes (ETNs)<\/a> linked to <a target=\"_blank\" href=\"https:\/\/www.offsetguide.org\/understanding-carbon-offsets\/other-instruments-for-claiming-emission-reductions\/allowances\/\" style=\"\" rel=\"noopener\">carbon allowances<\/a> by August this year. This comes in efforts to boost the country\u2019s emissions trading market beyond only corporate polluters and brokerage firms, allowing retail investors to gain exposure to the market and hedge against price volatility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are ETNs?<\/strong> ETNs are types of unsecured debt securities or bonds that track an underlying index of securities and trade on a major exchange like a stock. ETNs pay out based on the performance of an underlying index, in this case the carbon market. The financial product can increase liquidity and participation in the carbon market, which has been struggling with low prices and oversupply of permits since 2015.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Paving the way for more carbon market expansions:<\/strong> The ministry also plans to introduce <a target=\"_blank\" href=\"https:\/\/www.investopedia.com\/terms\/e\/etf.asp\" style=\"\" rel=\"noopener\">exchange-traded funds (ETFs)<\/a> and a futures contract for carbon allowances by 2025, following the example of the European Union, which has the most developed <a target=\"_blank\" href=\"https:\/\/climate.ec.europa.eu\/eu-action\/eu-emissions-trading-system-eu-ets\/what-eu-ets_en#a-cap-and-trade-system\" style=\"\" rel=\"noopener\">cap-and-trade system<\/a> in the world. The ministry will also revise the rules of the carbon market to reduce the number of free allowances and raise the share of auctioned permits from 2026.<\/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\">COP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP29 host Azerbaijan is prioritizing its green sector: <\/strong>In response to criticisms over oil producing Azerbaijan being selected to host COP29, the Central Asian country is looking to prove how it has prioritized green growth and \u201cdemonstrate how the country turned the economy to the green direction,\u201d soon-to-be COP29 president and Azerbaijan\u2019s Ecology and Natural Resources Minister Mukhtar Babayev told <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3116e340-8b59-44cd-b394-16391aa1a44a\" style=\"\" rel=\"noopener\">The Financial Times<\/a>. Babayez also defended the country\u2019s selection by stating that the country is \u201cvulnerable\u201d to climate change and suffers from climate impacts such as water shortages and land degradation. Azerbaijan has been upping its efforts to reel in investments in its green sector, and has successfully secured agreements and inaugurated projects in partnership <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e25453f4-e607-43aa-b55f-ffbf4d3f0688\" style=\"\" rel=\"noopener\">with the UAE<\/a> and its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/08ebc2d1-c075-4429-ba06-cac0c83681fc\" style=\"\" rel=\"noopener\">renewables firm Masdar<\/a>, amongst other regional players.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Azerbaijan under fire for fossil fuel expansion plans: <\/strong>Azerbaijan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4edcf315-3624-49ef-80a7-a64f825b1e4b\" style=\"\" rel=\"noopener\">plans to expand its natural gas output<\/a> by a third, to reach 49 bn cubic meters a year within nine years. The Central Asian country\u2019s goal to ramp up exploration and production of the highly polluting fuel is expected to cost fossil fuel companies some USD 41.4 bn. <\/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\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- More record breaking high-temperatures in Feb: <\/strong>February 2024 marked the warmest February on record globally, with an average surface air temperature of 13.54 \u00b0C, surpassing the previous record set in 2016, according to <a target=\"_blank\" href=\"https:\/\/climate.copernicus.eu\/copernicus-february-2024-was-globally-warmest-record-global-sea-surface-temperatures-record-high#:~:text=February%202024%20was%20the%20warmest,previous%20warmest%20February%2C%20in%202016.\" style=\"\" rel=\"noopener\">research<\/a> by the EU's Copernicus Climate Change Service. It also marked the ninth in a consecutive trend of warmest months on record, as temperatures hit 1.77 \u00b0C above pre-industrial estimates. European temperatures were 3.30\u00b0C above average and global sea surface temperatures also set a new record at 21.06 \u00b0C, up from the previous record of 20.98 \u00b0C in August 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A weakening El Ni\u00f1o is not enough to lower temperatures:<\/strong> El Ni\u00f1o is growing weaker but its effects are expected to continue to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/094523d5-df1e-4e40-9d2b-05e8a011b7b6\/egypt-could-be-lining-up-an-usd-1.2-bn-climate-finance-agreement\" style=\"\" rel=\"noopener\">fuel above average temperatures<\/a> worldwide in the next few months. There is a 60% chance that the El Ni\u00f1o phenomenon will persist from March until May and an 80% chance of neutral weather patterns between April to June, according to the study.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The aviation industry is \u201clikely to miss the 2050 net zero target,\u201d<\/strong> former chief executive of Amsterdam\u2019s Schiphol airport Ruud Sondag told <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/69b19c61-7ea3-4b5c-80c2-c613e2969f30\" style=\"\" rel=\"noopener\">The Financial Times<\/a>, due to the industry\u2019s continued expansion in airfleets \u2014 projected to increase <a target=\"_blank\" href=\"https:\/\/www.oliverwyman.com\/our-expertise\/insights\/2024\/feb\/global-fleet-and-mro-market-forecast-2024-2034.html?utm_medium=referral&utm_campaign=fleet-mro-forecast-2024&utm_content=forbes-&utm_id=cmp-16005-r2f0r6\" style=\"\" rel=\"noopener\">by 28%<\/a> globally by 2034 to reach 36.4k aircrafts \u2014 at a rate faster than the commercialization of sustainable aviation fuel or other green alternatives. The industry will fail to achieve the targets stipulated in the Paris Agreement unless European governments intervene by raising taxes or imposing caps on flights, according to Sondag, who urged that \u201cwe need to do something. And if that\u2019s a standstill [in air travel growth] for the time being. [Then] Okay.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- EVs won\u2019t be the holy grail of green auto infrastructure: <\/strong>Despite hopes being pinned on EVs to help reduce climate pollution around the world, a global transition to using an all-EV fleet would \u201cperpetuate the worst impacts of cars and auto infrastructure,\u201d ranging from deaths to noise pollution to fossil fuel emissions, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/evs-can-t-fix-a-global-epidemic-of-car-harm-study-finds\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week, citing a recent study published in <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0966692324000267\" style=\"\" rel=\"noopener\">ScienceDirect<\/a>. The study concludes that since the worst of \u201ccar harms,\u201d such as deaths and environmental impacts are, in part, the result of \u201cthe system prioritizing speed over safety,\u201d switching to EVs is unlikely to fix the problems that are built into the transportation system and mobility infrastructure.<\/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>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\" rel=\"noopener\">World Future Energy Summit<\/a><\/strong><strong> from Tuesday, 16 April to Thursday, <\/strong><strong>18 April <\/strong>in Abu Dhabi. The summit will address solutions for development in the transformation of future energy systems. The summit will also feature discussions on recycling, waste-to-energy, and air-to-water trends and progressions. <\/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:\/\/www.mena.gh2events.com\/\" style=\"\" rel=\"noopener\">Connecting Green Hydrogen MENA<\/a><\/strong><strong> event from Tuesday, 23 <\/strong><strong>April to Thursday, 25 April<\/strong> in Dubai. The event will explore green hydrogen partnerships, policies, and practices in the region, in parallel to a showcasing of the latest in the clean fuel\u2019s technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.omansustainabilityweek.com\/\" style=\"\" rel=\"noopener\">Oman Sustainability Week<\/a><\/strong><strong> from Sunday, 28 April to Thursday, <\/strong><strong>2 May <\/strong>in Muscat. The event will focus on exploring investment opportunities and implementing best practices in sustainability within the energy, water, and environmental sectors.<\/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>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">The Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May <\/strong>in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.<\/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\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ewec\/\">Ewec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/yemen\/\">Yemen<\/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=\"82901\" 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=\"82902\" 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=\"82902\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/ceer-awards-construction-contract-for-ev-complex-establishes-a-timeline-to-launch\/\">\r\n                            Ceer awards construction contract for EV complex + establishes a timeline to launch                        <\/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\/03\/11\/ceer-awards-construction-contract-for-ev-complex-establishes-a-timeline-to-launch\/\" 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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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82903\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/ceer-awards-construction-contract-for-ev-complex-establishes-a-timeline-to-launch\/815-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/815.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"815.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/815.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/815.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82902\" class=\"content-area-description single-story post-82902 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-ceer tag-electric-vehicles tag-enterpriseclimate tag-evs tag-saudi-arabia 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\/3\/.e34c4245-bf0c-4054-9c1d-21414c0b6241.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/news-and-insights\/press-releases\/2022\/hrh-crown-prince-launches-ceer\" style=\"\" rel=\"noopener\">first EV brand Ceer<\/a><font face=\"Arial\">&nbsp;<\/font><\/strong><strong>expects to complete works at its electric vehicle complex within two years<\/strong>, Chief Public Relations Officer Mohammed Abuazzah told Al Arabiya in an interview yesterday (<a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/03\/10\/-%D8%B3%D9%8A%D8%B1-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%B3%D9%86%D9%86%D8%AA%D9%87%D9%8A-%D9%85%D9%86-%D8%A8%D9%86%D8%A7%D8%A1-%D8%A7%D9%84%D9%85%D8%B5%D9%86%D8%B9-%D8%AE%D9%84%D8%A7%D9%84-%D8%B9%D8%A7%D9%85%D9%8A%D9%86\" style=\"\" rel=\"noopener\">watch, runtime: 6:59<\/a>). He refrained from providing an exact figure for the plant\u2019s production capacity but said it was estimated in the multiples of 100k of vehicles. Ceer awarded a SAR 5 bn (USD 1.3 bn) construction contract for the complex to local contractor Modern Building Leaders <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/366185a1-c8a6-4015-84d4-78d3bc757b7c\" style=\"\" rel=\"noopener\">last week<\/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>Located in King Abdullah Economic City (KAEC), Ceer\u2019s EV complex will span over 1 mn sqm, with a bit more than half of that figure being under a roof. It will include press, body, and paint shops, as well as a general assembly line, it said. The complex will also include zones for logistics, waste management, storage, offices, water treatment, and a vehicle testing track. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Ceer: <\/strong>The company is expected to contribute USD 8 bn to GDP by 2034 and to be a magnet for more than USD 150 mn in foreign direct investment. Ceer\u2019s EVs are expected to hit the market in 2025. It will license component technology from BMW in the development process. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Apple connection:<\/strong> Creer is a JV between the Public Investment Fund and Taiwanese multinational electronics contract manufacturer Hon Hai Precision Industry Company, or Foxconn. Foxconn is best known as the largest maker of Apple iPhones. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lucid is already in the first days of assembly here:<\/strong> US EV manufacturer Lucid \u2014 in which the PIF owns a 60% stake \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1a7c6c9-3230-4826-bf42-f40bb8dd47a6\" style=\"\" rel=\"noopener\">inaugurated in September<\/a> its first overseas production facility in KAEC. It plans to produce 155k EVs yearly in the Kingdom once it hits full capacity here in 2025.<\/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\/ceer\/\">Ceer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82904\" 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=\"82904\">\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\">CARBON MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/egypt-releases-registration-and-delisting-rules-for-its-carbon-market\/\">\r\n                            Egypt releases registration and delisting rules for its carbon market      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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82905\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/egypt-releases-registration-and-delisting-rules-for-its-carbon-market\/3938-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/3938.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3938.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/3938.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/3938.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82904\" class=\"content-area-description single-story post-82904 post type-post status-publish format-standard has-post-thumbnail hentry category-carbon-markets tag-carbon-markets tag-egypt tag-enterpriseclimate 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\/3\/.4ebc8e19-7acd-4060-afa2-3639a3d5dba4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another step forward for Egypt\u2019s VCM: <\/strong>Egypt\u2019sFinancial Regulatory Authority (FRA) has issued the registration and delisting rules for companies looking to sell certified carbon credits on the EGX, according to a <a target=\"_blank\" href=\"https:\/\/bit.ly\/43b265g\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breaking down the rules: <\/strong>Applicants must submit a request to the FRA for their carbon emission reduction projects to be registered in its database, including necessary documentation such as environmental impact assessment studies, design documents, evidence of registering on voluntary carbon registers, and other verification reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Carbon certificates can be traded on the stock exchange once projects are officially registered<\/strong>, the statement added. This requires a separate process of providing details of the name and identification code of the project, its geographical location, the name of its developer, and its time period. The applicant will also be required to disclose the methodology used to issue certificates, the number of certificates issued, the number of certificates that will be traded on the exchange, and its initial price. A committee will issue its decision within five working days from submission. The applicant must open an account with a licensed settlement and clearing company to be eligible for consideration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regulation for carbon credit futures contracts were also announced: <\/strong>Under the new regulations,companies that own or finance projects aimed at reducing carbon emissions are eligible to apply for futures contracts, the statement notes. Similar to the process of stock exchange issuance, requirements for registering forward contracts for carbon reduction certificates include the submission of an application to the stock exchange with the project\u2019s details in addition to the contracting and delivery obligations, according to FRA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUNDSMART- What are carbon credit futures? <\/strong>Carbon credit futures are a <a target=\"_blank\" href=\"https:\/\/carboncredits.com\/carbon-credit-futures-how-does-it-work\/\" style=\"\" rel=\"noopener\">financial instrument<\/a> that allows buyers to support carbon reduction projects without immediate direct investments. It mitigates investment risk by allowing two parties to trade carbon credits at a specific date and price in order to avoid fluctuating prices in the future. Carbon credit futures contract physically delivers carbon credits, with each futures contract being equivalent to 1k carbon credits generated from projects that protect natural ecosystems. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> The FRA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e423c31a-b0c3-4e67-a7ea-91b475ad053f\" style=\"\" rel=\"noopener\">completed the regulatory framework<\/a> for the voluntary carbon market in late February pending cabinet review. The state\u2019s financial regulator also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf2e25a1-873d-4820-a906-1cd9907a2d6c\" style=\"\" rel=\"noopener\">authorized three bodies<\/a> to verify projects that claim to reduce carbon emissions to launch the voluntary carbon market earlier last month. The new regulator's mandate included 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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82906 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"82906\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/82906\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82906\" class=\"content-area-description single-story post-82906 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82907\" 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=\"82907\">\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\/03\/11\/saudi-marafiq-posts-38-y-o-y-drop-in-bottomline-for-2023\/\">\r\n                            Saudi Marafiq posts 38% y-o-y drop in bottomline for 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 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\/03\/11\/saudi-marafiq-posts-38-y-o-y-drop-in-bottomline-for-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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data-attachment-id=\"82908\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/saudi-marafiq-posts-38-y-o-y-drop-in-bottomline-for-2023\/765-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/765.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"765.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/765.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/765.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82907\" class=\"content-area-description single-story post-82907 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate tag-marafiq tag-power-and-water-utility-company-for-jubail-and-yanbu 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\/3\/.d22bed2a-e77e-4991-a4c6-099d7db14e56.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Marafiq still in the red: <\/strong>Saudi Public Investment Fund-backed <a target=\"_blank\" href=\"https:\/\/www.marafiq.com.sa\/\" style=\"\" rel=\"noopener\">Power and Water<\/a><a target=\"_blank\" href=\"https:\/\/www.marafiq.com.sa\/\" style=\"\" rel=\"noopener\">Utility Company for Jubail and Yanbu<\/a> (Marafiq) saw its net income plunge 38% y-o-y to SAR 526 mn in 2023, while revenues inched down 1.8% y-o-y to SAR 6.4 bn over the same period, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMjAwlg_ODVPvyA3NMIgMyA3XNdREQBYxoKv\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODU4NS9jb21wYW55U3ltYm9sLzIwODMvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s behind the fall?<\/strong> The firm attributed the sharp decline in net profits to the 74% increase of its financing costs and a 1.78% y-o-y fall in its revenues, which it explains comes as a result of decreased demand for power from some major customers in Yanbu Industrial City, and despite the increase in revenues from its water and gas sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Marafiq recorded a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/79078a2b-dc0f-4574-b4d6-bd9c0943c3c5\" style=\"\" rel=\"noopener\">39.2%<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/79078a2b-dc0f-4574-b4d6-bd9c0943c3c5\" style=\"\" rel=\"noopener\">y-o-y<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/79078a2b-dc0f-4574-b4d6-bd9c0943c3c5\" style=\"\" rel=\"noopener\">fall<\/a><\/strong><strong> in net income in 3Q to SAR 188 mn, <\/strong>also on the back of an increase in financing costs and a decrease in the company's operating revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Marafiq<\/strong>: Marafiq is the power and water utility company for the Saudi cities of Jubail and Yanbu. It has core businesses in <a target=\"_blank\" href=\"https:\/\/www.marafiq.com.sa\/en\/about-us\/services\/water-services\/jubail-seawater-cooling\/\" style=\"\" rel=\"noopener\">seawater cooling<\/a>, desalination, and <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/saudi-utility-marafiq-to-list-shares-on-stock-exchange-1.90995687\" style=\"\" rel=\"noopener\">waste treatment and management<\/a>. Saudi Arabia\u2019s Public Investment Fund (PIF) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\" style=\"\" rel=\"noopener\">postponed<\/a> in October the potential sale of its remaining 17.5% stake in the utility firm on the back of weak demand from investors. Marafiq\u2019s IPO was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/50462f30-5c21-41d3-838c-5a83e89f6041\" style=\"\" rel=\"noopener\">6.32x oversubscribed<\/a> in 2022, closing with almost SAR 6.37 bn (USD 1.7 bn) worth of total orders.<\/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\/marafiq\/\">marafiq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/power-and-water-utility-company-for-jubail-and-yanbu\/\">Power and Water Utility Company for Jubail and Yanbu<\/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=\"82909\" 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=\"82909\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/morocco-us-to-cooperate-on-environmental-and-sustainable-development\/\">\r\n                            Morocco + US to cooperate on environmental and sustainable development                        <\/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\/03\/11\/morocco-us-to-cooperate-on-environmental-and-sustainable-development\/\" 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 plan focuses on environmental laws, climate change, biodiversity conservation, and environmental education. The agreement also aims to engage Moroccan citizens in major environmental projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA + Kazakhstan team up on renewable energy: <\/strong>Saudi Energy Minister Prince Abdulaziz bin Salman signed an executive cooperation program agreement with Kazakh Energy Minister Almasadam Satkaliyev to develop renewable energy projects in Kazakhstan, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2061134\" style=\"\" rel=\"noopener\">SPA<\/a> reported on Thursday. Under the umbrella of an MoU on energy cooperation signed in <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/633315\" style=\"\" rel=\"noopener\">June 2023<\/a>, the cooperation program is geared toward advancing energy security and tackling climate change impacts in both nations by implementing projects in the fields of green energy storage and production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- KSA has been upping its investments in the central asian country: <\/strong>KSA\u2019s renewables giant Acwa Power <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad5ad3ff-b4b7-48a6-89df-3666a238e50d\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Kazakhstan\u2019s Sovereign Wealth Fund (Samruk-Kazyna) and the Kazakh Energy Ministry to build and manage a 1 GW wind farm and a battery energy storage (BESS) facility last year. <\/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-diplomacy\/\">CLIMATE DIPLOMACY<\/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\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/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=\"82911\" 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=\"82911\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/infinity-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-project\/\">\r\n                            Infinity partners with SAICFM on charging infrastructure and Ewec lines up a new battery storage 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\/03\/11\/infinity-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-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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project&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/infinity-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-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\/03\/11\/infinity-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-project\/&title=Infinity partners with SAICFM on charging infrastructure and Ewec lines up a new battery storage 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=Infinity+partners+with+SAICFM+on+charging+infrastructure+and+Ewec+lines+up+a+new+battery+storage+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F11%2Finfinity-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-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\/03\/11\/infinity-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/666.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82912\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/infinity-partners-with-saicfm-on-charging-infrastructure-and-ewec-lines-up-a-new-battery-storage-project\/666-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/666.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"666.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/666.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/666.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82911\" class=\"content-area-description single-story post-82911 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-bess tag-egypt tag-enterpriseclimate tag-evs tag-ewec tag-green-tech tag-infinity 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\/3\/.eddd4dc4-5857-461c-9872-7d9c37c224ab.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">ELECTRIC VEHICLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infinity <\/strong><strong>+ <\/strong><strong>SIACFM<\/strong><strong> to deploy EV charging stations: <\/strong>Renewable energy firm Infinity has partnered with SIAC Assets & Facilities Management (SIACFM) to install and manage EV chargers at SIACFM's sites, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/663.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> on Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infinity is boosting its infrastructure game:<\/strong> Infinity <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3697fff-ca89-47d7-b926-18d877943d4f\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with Egyptian real estate developer Sodic last November to build EV charging stations across all of Sodic's developments in Egypt. The company also built at least <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d12bdd73-3a4f-4272-9357-c6ee22f45dd5\" style=\"\" rel=\"noopener\">190 charging stations<\/a> so far nationwide, with plans to increase that number to 300 by 2024. <\/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\">BATTERY ENERGY STORAGE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s <\/strong><strong>Ewec <\/strong><strong>lines up a new battery storage project:<\/strong> Emirates Water and Electricity Company (Ewec) is inviting developers to submit an <a target=\"_blank\" href=\"https:\/\/corporatefinanceinstitute.com\/resources\/valuation\/what-is-expression-of-interest-eoi\/\" style=\"\" rel=\"noopener\">Expression of Interest (EOI)<\/a> for the development of a 400 MW Battery Energy Storage System (BESS) power project, according to a <a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/en\/media\/press-release\/ewec-invites-expression-interest-submissions-development-battery-energy-storage\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. Interested parties are requested to submit their EOI by the deadline of 22 March 2024. Ewec aims to reduce CO2 intensity from power generation by approximately 42% by 2030 and to increase its total solar power generation capacity to 7.5 GW by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ewec\u2019s<\/strong><strong> on a roll:<\/strong> The company invited developers to submit expressions of interest for the development of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ac5a6d33-aaf5-4511-a65a-c057c0232f85\" style=\"\" rel=\"noopener\">1.5 GW Khazna solar farm<\/a> last September. Ewec also tapped a consortium comprising France\u2019s EDF and Korea Western Power (Kowepco) to develop the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fc7e7a23-32e0-4a73-ac66-f682174f951f\" style=\"\" rel=\"noopener\">1.5 GW Al Ajban solar IPP project<\/a> for an estimated investment ticket of USD 748 mn last month.<\/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>KACST to open AI center + boost semiconductor industry in Saudi Arabia: <\/strong>KSA\u2019s King Abdulaziz City for Science and Technology (KACST) has signed agreements to establish a center of excellence in AI tech and to develop the country\u2019s semiconductor industry, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2060796\" style=\"\" rel=\"noopener\">SPA<\/a> reported on Thursday. KACST and AI Service provider <a target=\"_blank\" href=\"https:\/\/www.sensetime.com\/en\" style=\"\" rel=\"noopener\">SenseTime Middle East and Africa<\/a> will establish the AI center together, while another partnership with the UK\u2019s <a target=\"_blank\" href=\"https:\/\/www.cdtas.com\/\" style=\"\" rel=\"noopener\">CDT International<\/a> aims to elevate the semiconductor industry by enhancing manufacturing capabilities, training talent, and fostering research collaboration. The plans align with the objectives of the <a target=\"_blank\" href=\"https:\/\/ssp.kacst.gov.sa\/\" style=\"\" rel=\"noopener\">Saudi Semiconductors Program (SSP)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Semiconductors are a key component for clean energy sources: <\/strong>Semiconductor technology is <a target=\"_blank\" href=\"https:\/\/www.hitachienergy.com\/africa\/en\/products-and-solutions\/semiconductors\/renewables\" style=\"\" rel=\"noopener\">used to maintain stable power delivery<\/a> despite the intermittent nature of renewable energy sources like wind, solar, wave, and tidal power by controlling power generation and grid connection. They enable efficient energy conversion in renewable plants such as wind turbines and facilitate power transmission to the grid.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia is looking to localize its renewables sector:<\/strong> PIF-owned sustainable-tech manufacturing company Alat and KACST announced last week a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b1cbce08-0978-4111-b72b-983a3760fe1a\" style=\"\" rel=\"noopener\">partnership to boost research, development, and innovation<\/a> in the energy and and industry sectors in a bid to localize the semiconductor industry. Alat will provide industrial facilities and will collaborate with KACST on research and training.<\/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>Abu Dhabi-based AI outfit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.g42.ai\/\" style=\"\" rel=\"noopener\">G42<\/a><\/strong><strong> has inked <\/strong><strong>an<\/strong><strong> MoU with Kenya\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ecocloud.co.ke\/\" style=\"\" rel=\"noopener\">EcoCloud<\/a><\/strong><strong> to establish a <\/strong><strong>100 MW sustainable data center in Kenya,<\/strong> powered by geothermal energy, according to a <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/resources\/news\/g42-and-kenyas-ecocloud-unveil-green-powered-mega-data-center-collaboration\" style=\"\" rel=\"noopener\">statement<\/a> released last week, which did not include an investment ticket or timeline for the project. The data center can later house up to 1 GW of capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The hub will be strategically located in Kenya\u2019s geothermal-rich region, enabling it to be powered by geothermal energy, reducing reliance on fossil fuels and curbing carbon emissions. Aside from infrastructure investments, the partnership will also promote the development of cloud computing and AI services, in a bid to unlock growth and support the development of Kenya\u2019s digital economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>G42 is doubling down on data infrastructure investments in Africa: <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e53055d3-c1f1-4a58-b5cc-0bf5fc3bffdc\" style=\"\" rel=\"noopener\">inked<\/a> an agreement with Mauritania\u2019s Digital Transformation, Innovation, and Modernization Ministry in mid-2023 to develop and improve the country\u2019s national data center. <\/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\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA\u2019s<\/strong><strong>Alkhorayef Water and Power Technologies (AWPT) has obtained a <\/strong><strong>shariah-compliant facility worth SAR 536 mn from Al Rajhi Bank <\/strong>to finance its subsidiary Package 6 Co. for Environmental Services, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMjAwlC_IDc0wiAzIDfcUVERANGiRfs!\/dz\/d5\/L0lDU0NRa2dwUXBRa0tDbEVLQ2xFS0lLVVFvZ3BSSWshL1lEVUVBQUFJSUVNRUNLSUVBR0lHT0lPSUJKRkpGQkpORE5EQk5MTEhMSFBJRUVMQWdvZ292QXNDQUEhIS80SkNpaksxYkdMamlFRXBNaFNUVVU1Q21tb1pyZHJMWnpVODF1MWxzRnFLVlZHS0EvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODYwNC9jb21wYW55U3ltYm9sLzIwODEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> last week. The funds will be directed to operation and maintenance contracts for sewage treatments plants in Riyadh.<\/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\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zeroe<\/strong><strong> gets seed funding boost from Voyagers: <\/strong>UAE-based climate tech company <a target=\"_blank\" href=\"https:\/\/zeroe.io\/\" style=\"\" rel=\"noopener\">Zeroe<\/a> has secured a seed funding boost from the <a target=\"_blank\" href=\"https:\/\/voyagers.io\/climate-fund\/\" style=\"\" rel=\"noopener\">Voyagers ClimateTech Fund<\/a> taking its total raise to USD 2.3 mn, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/03\/zeroe-secures-seed-investment-boost-pushing-total-funding-2-3-million\" style=\"\" rel=\"noopener\">Wamda<\/a> reports. The startup <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c2112387-bd36-4611-867a-a7fe1c7e8761\" style=\"\" rel=\"noopener\">secured USD 2.2 mn<\/a> in seed funding in November, in a round solely led by Indonesian investor Owen Rahadiyan. The funds will be used to support the company\u2019s expansion plans in MENA and Southeast Asia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the startup:<\/strong> Established in 2022, Zeroe is a software platform designed to accelerate corporate decarbonization by automating the process of carbon accounting and facilitate easier access to capital for decarbonization efforts. We chatted with founder and CEO Farouk Jivani <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c2112387-bd36-4611-867a-a7fe1c7e8761\" style=\"\" rel=\"noopener\">earlier this year<\/a>. <\/p>\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>Saudi food tech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/barakah.app\/\" style=\"\" rel=\"noopener\">Barakah<\/a><\/strong><strong> is eyeing a wider expansion to the GCC <\/strong><strong>and in the region <\/strong>after landing fresh investment from European early-stage VC investor FoodLabs, co-founder and CEO prince Abdulaziz bin Al Saud told Asharq Business in an interview (<a target=\"_blank\" href=\"https:\/\/tinyurl.com\/27x2uyaz\" style=\"\" rel=\"noopener\">watch, runtime: 2:38<\/a>). \u201cOur objective is to become the largest surplus marketplace in the Middle East and North Africa,\u201d he said, without providing further details on the investment made by FoodLabs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Barakah: <\/strong>Launched in 2021, Barakah is an online marketplace that allows food and beverage retailers to sell their surplus products and meals through its platform in a bid to better manage food waste. It currently operates in six cities in Saudi, including Jeddah, Riyadh, Dammam, Khobar, Makkah and Madinah, according to its CEO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Barakah has locked in agreements with over 800 retailers<\/strong> operating in the local market including Starbucks, Tim Hortons and Cinnabon, he said. It has managed to save over 350k meals in 15 months, he added.<\/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>Morocco <\/strong><strong>launches EUR 10 mn Just Transition project: <\/strong>Morocco has launched the EUR 10 mn Just Transition project to update its nationally determined contribution (NDC) and implement it in a socially responsible manner, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/3fd93\" style=\"\" rel=\"noopener\">MAP<\/a> reported last week. The project will get funding from the <a target=\"_blank\" href=\"https:\/\/www.bmz.de\/en\" style=\"\" rel=\"noopener\">German Federal Ministry for Economic Cooperation and Development<\/a> and the European Union. The project also aims to help the private sector deal with the European Union's mechanism for adjusting carbon borders. The project was developed in cooperation with several international partners including the World Bank, the French Development Agency, and the EU.<\/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>Jordanian <\/strong><strong>+ Palestinian companies sign renewables agreement: <\/strong>Palestinian company Jabreen Group and Jordan's Abu Al-Aynayn Company have signed an agreement to supply Palestinian companies with renewable energy. The agreement aims to provide energy solutions for Palestinian factories, reduce the cost of production and operation, and increase the competitiveness of Palestinian products in foreign markets. (<a target=\"_blank\" href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=273703&lang=ar&name=news\" style=\"\" rel=\"noopener\">Jordan News Agency<\/a>)<\/li>\n<li><strong>Masdar + UAE Ministry of Defence cooperate on solar energy plants: <\/strong>UAE renewables firm Masdar has partnered with the UAE Ministry of Defence to develop solar power plants across Abu Dhabi. Emerge, a JV between Masdar and French utility company EDF Group, will provide a full turnkey solution for the projects for 25 years. (<a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/uae-ministry-of-defence-and-masdar-sign-partnership-agreement\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Reaching net zero could add USD 1 tn to UAE\u2019s GDP:<\/strong> The UAE's commitment to achieving net-zero emissions by 2050, supported by collaborative efforts between government entities and the private sector, could potentially boost its GDP by USD 1 tn, according to research by the <a target=\"_blank\" href=\"https:\/\/greenfutureproject.com\/\" style=\"\" rel=\"noopener\">Green Future Project<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-03-10-1.4835827\" style=\"\" rel=\"noopener\">Al Bayan<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ewec\/\">Ewec<\/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\/infinity\/\">Infinity<\/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=\"82913\" 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=\"82913\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/\">\r\n                            UK to auction GBP 1 bn of renewable projects                        <\/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\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/\" 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\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/')\">\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\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/\">\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=UK to auction GBP 1 bn of renewable projects&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/\">\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\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/&title=UK to auction GBP 1 bn of renewable projects\">\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=UK+to+auction+GBP+1+bn+of+renewable+projects+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F11%2Fuk-to-auction-gbp-1-bn-of-renewable-projects%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\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/801.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82914\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/uk-to-auction-gbp-1-bn-of-renewable-projects\/801-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/801.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"801.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/801.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/801.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82913\" class=\"content-area-description single-story post-82913 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-renewables tag-uk 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\/3\/.048618f0-02b2-4b54-9f88-a94f245c3f30.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UK to hold GBP 1 bn auction for renewable energy projects: <\/strong>The UK\u2019s upcoming renewable power auction, the sixth of its kind, will have a budget exceeding GBP 1 bn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uk\/britain-announces-1-billion-pound-auction-renewable-power-projects-2024-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing government budget documents it has seen. The increase aims to attract developers and spur renewable energy projects in order to meet the country's energy security and climate targets. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6f380df5-6bf6-42f7-9a14-5230241618eb\" style=\"\" rel=\"noopener\">GPB 800 mn of the total budget<\/a> has been earmarked for offshore wind farms. The auction will be open to bidders on 27 March.<\/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>Iberdrola<\/strong><strong> bids USD 2.5 bn for remaining stake in US subsidiary: <\/strong>Spanish utility firm Iberdrola placed a USD 2.5 bn bid on Thursday to acquire the remaining 18.4% stake in its American sustainable energy subsidiary <a target=\"_blank\" href=\"https:\/\/www.avangrid.com\/\" style=\"\" rel=\"noopener\">Avangrid<\/a> for USD 2.49 bn. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/iberdrola-bids-25-billion-remaining-stake-us-subsidiary-2024-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<li><strong>BP\u2019s emissions surge for first time in 5 years:<\/strong> British oil and gas giant BP saw its emissions rise for the first time since 2019 due to new oil and gas ventures. The company\u2019s Scope 3 emissions jumped to 315 mn metric tons in 2023, up from 307 mn tons in 2022, while Scope 1 and 2 emissions climbed to 32.1 mn metric tons, a 0.6% y-o-y increase. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/bps-operational-emissions-edge-higher-2023-2024-03-08\/\" style=\"\" rel=\"noopener\">Reuters<\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82915\" 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=\"82915\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/11\/omani-innovator-extracts-biofuel-from-shimeji-mushrooms\/\">\r\n                            Omani innovator extracts biofuel from shimeji mushrooms                        <\/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\/03\/11\/omani-innovator-extracts-biofuel-from-shimeji-mushrooms\/\" 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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Shimeji mushrooms produce biofuel that matches international specifications with an extracted percentage rate of 25%, Siyabiya says. The researcher is currently working on using bacteria to increase this percentage and exploring the development of new fungal strains that increase the efficiency of biofuel production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>Researchers have found that <a target=\"_blank\" href=\"https:\/\/pubmed.ncbi.nlm.nih.gov\/36155811\/\" style=\"\" rel=\"noopener\">mushroom waste<\/a> can serve as an abundant and cost-effective feedstock for producing various biofuels including biogas, biohydrogen, bioethanol, bio-oil, and solid biofuels3. Mushroom cultivation also acts as an efficient biological pretreatment for biofuel production, enhancing biofuel yield.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman is making headway in biofuels:<\/strong> Omani-British green energy venture X2E revealed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2d33e8da-3e8f-4539-af9d-c6aecbea2128\" style=\"\" rel=\"noopener\">last month<\/a> that it will pour USD 1.6 bn into the production of biodiesel, sustainable aviation fuel (SAF), and Camelina oil. Oman\u2019s first biofuels producer Wakud also revealed in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b7153da-0753-4a22-a2c0-83103e04521f\" style=\"\" rel=\"noopener\">June last year<\/a> its plans to establish a plant with a capacity of 250 tons per day. The Sultanate finalized a feasibility study with Be'ah in April 2023 for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f4ef2aed-9666-418a-9fc0-b84a21b3bcc5\" style=\"\" rel=\"noopener\">new plant<\/a> with a capacity of 4.5k tons of municipal waste which is set to slash the carbon footprint of landfills by 50 mn tons in 35 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman\u2019s first fish waste recycling plant going online soon:<\/strong> Wakud is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b7153da-0753-4a22-a2c0-83103e04521f#:~:text=And%20that%E2%80%99s%20not,for%20the%20project.%E2%80%9D\" style=\"\" rel=\"noopener\">setting up a fish-waste recycling facility<\/a> and a vegetable and fruit waste-to-biogas plant, with work expected to begin by 2H 2024. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/20df32a3-48bc-48e7-980e-9fce4438cef7\" style=\"\" rel=\"noopener\">operates WtE plants<\/a> that use waste products, including recycled cooking oil, to produce biofuels for offtakers including Oman Aluminium Rolling Company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a wider biofuels push happening regionally:<\/strong> Saudi Arabia\u2019s <a target=\"_blank\" href=\"https:\/\/biofuel.sa\/\" style=\"\" rel=\"noopener\">Biofuel Company<\/a> inaugurated the first biofuel production plant in the country <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3400664e-873d-4153-bacc-59a50d6227cb\" style=\"\" rel=\"noopener\">a year ago<\/a> converting reclaimed cooking oil into carbon-neutral biodiesel. Over in the UAE, two international consortiums submitted proposals <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5c836971-aff1-43f5-9ac6-43db0bf2b60d\" style=\"\" rel=\"noopener\">last May<\/a> to the Emirates Water and Electricity Company and the Abu Dhabi Waste Management Company (Tadweer) for the development of a 900k ton capacity greenfield Waste-to-Energy (WtE) IPP facility in Abu Dhabi. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biofuels\/\">biofuels<\/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\/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=\"82917\" 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\/03\/11\/82917\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82917\" class=\"content-area-description single-story post-82917 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;\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-29 March (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sdg.iisd.org\/events\/29th-session-of-the-international-seabed-authority-assembly-and-council-part-i\/#:~:text=Event%3A%2029th%20Session%20of%20the,)%20%7C%20SDG%20Knowledge%20Hub%20%7C%20IISD&text=The%2029th%20Session%20of%20the,from%2018%2D29%20March%202024.\" style=\"\">International Seabed Authority Assembly and Council<\/a><\/span><span style=\"font-weight:400;\">, Kingston, Jamaica. <\/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>24-26 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mygetex.com\/\" style=\"\">Global Education & Training Exhibition (GETEX)<\/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, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 April-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>14-16 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 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>18-25 May (Saturday-Saturday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldwaterforum.org\/\" style=\"\">The World Water Forum<\/a><\/span><span style=\"font-weight:400;\">, Bali, Indonesia. <\/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, Saudi Arabia. <\/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, 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\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\">World Urban Forum<\/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>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, 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\">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:400;\">World Water Forum, 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;\">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>Ceer takes a big leap in establishing its KSA EV complex | Egypt\u2019s VCM inches closer | Scatec has a price tag for its new Egyptian solar project<\/p>\n","protected":false},"featured_media":82898,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-82897","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a961668a-341d-4228-80a3-699758f327da","teaser":"Ceer takes a big leap in establishing its KSA EV complex | Egypt\u2019s VCM inches closer | Scatec has a price tag for its new Egyptian solar 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