{"id":83051,"date":"2024-03-18T07:00:00","date_gmt":"2024-03-18T07:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=83051"},"modified":"2025-12-15T10:31:09","modified_gmt":"2025-12-15T10:31:09","slug":"masdar-reaches-financial-close-on-baltic-eagle-acquisition","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-reaches-financial-close-on-baltic-eagle-acquisition\/","title":{"rendered":"Masdar reaches financial close on Baltic Eagle acquisition"},"content":{"rendered":"<section id=\"83053\" 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=\"83053\">\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\/18\/today-masdar-reaches-financial-close-on-baltic-eagle-acquisition\/\">\r\n                            TODAY: Masdar reaches financial close on Baltic Eagle acquisition                        <\/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\/18\/today-masdar-reaches-financial-close-on-baltic-eagle-acquisition\/\" 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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Shall we?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BEFORE WE DIVE IN- Don\u2019t miss Enterprise UAE\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d5d83fae-bd8e-4e22-848a-53056fe6c0a1\" style=\"\" rel=\"noopener\">chat with Steve Lutes<\/a><\/strong><strong>, vice president of Middle East affairs at the US Chamber of Commerce this morning. <\/strong>Lutes covered a lot of ground including the UAE\u2019s potential, especially in the energy transition and energy security sectors, in terms of investment and trade in a post-COP28 era.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/993.jpg?ssl=1\"\/><\/a> <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/ceraweek.com\/index.html\" style=\"\" rel=\"noopener\">S&P Global\u2019s CERAWeek<\/a><\/strong><strong> is kicking off across the pond in Houston, Texas today and will <\/strong><strong>run through to Friday. <\/strong>Expect an appearance from Adnoc CEO, Industry and Advanced Technology Minister, and UAE Special Envoy for Climate Change Sultan Ahmed Al Jaber along with the chiefs of ExxonMobil and BP and the who\u2019s who of senior US and international policymakers, global energy and services executives, leaders of national oil companies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is this important to us?<\/strong> This year\u2019s big themes include the outlook for energy markets, policy and geopolitics, net-zero supply chains, the green transition in power markets, paying for the transition to greener energy, and climate and sustainability. Check out the full agenda <a target=\"_blank\" href=\"https:\/\/ceraweek.com\/program\/agenda.html?v=mon-6\" style=\"\" rel=\"noopener\">here<\/a> and the live stream <a target=\"_blank\" href=\"https:\/\/ceraweek.com\/promo\/cw24-live.html\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\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><\/strong><strong>COP29 host Azerbaijan plans to increase<\/strong><strong> its current emissions reduction target but will miss the net zero by 2050 benchmark<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/cop29-host-azerbaijan-plans-upgrade-climate-target-2024-03-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing comments made by COP29\u2019s incoming president Mukhtar Babayev to The Financial Times in an interview. The oil and gas producer has set its target to reduce greenhouse gas emissions to 35% by 2030 and 40% by 2050 compared to its 1990 levels \u2014 far from the global net zero by 2050 standard. Babayev\u2019s comment comes after head of the UN\u2019s climate arm Simon Stiell urged countries to strengthen their emissions reduction targets and increase climate finance commitments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cEvery COP from now on is a finance COP,\u201d <\/strong>COP26 high-level champion Nigel Topping told <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2c0ccb47-fdad-43b9-997e-37ef08675591\" style=\"\" rel=\"noopener\">The Financial Times<\/a> Climate Capital Live audience on Thursday. Despite criticism about business leaders joining the talks, the consensus amongst experts is that COP29 will have to prioritize funding as a means to address climate change, Marshall Islands climate envoy Tina Stege told the audience, adding that there is no other way for developing country to realistically meet their nationally determined contributions (NDCs). \u201cNDCs are nice, but you can\u2019t invest in an NDC,\u201d Topping reiterated. <\/p>\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- <\/strong><strong>One step closer to IMEC: <\/strong>India\u2019s cabinet has approved an Inter-Governmental Framework Agreement (IGFA) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/acf684f5-67a7-4853-8f18-f128d27f5f68\" style=\"\" rel=\"noopener\">inked with the UAE<\/a> in February to enable the India-Middle East Europe Economic Corridor (IMEC) \u2014 a planned trade route <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e86297bd-d808-4c61-8fca-9c5181890f69\/agreements-to-establish-mega-trade-corridors-including-renewables-struck-at-g20,-but-leaders-fall-short-on-commitments-to-fossil-fuel-phase-out\" style=\"\" rel=\"noopener\">described as<\/a> the \u201cgreen and digital bridge across continents and civilisations,\u201d <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13taz9u-india%E2%80%99s-cabinet-approves-agreement-enable\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. \u201cThe IGFA includes areas of cooperation between the two countries with the objective of exploring further potential of future joint investment and collaboration in respect of development of the IMEC,\u201d India\u2019s cabinet said in a statement following its approval. The US-led IMEC initiative was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e86297bd-d808-4c61-8fca-9c5181890f69\/agreements-to-establish-mega-trade-corridors-including-renewables-struck-at-g20,-but-leaders-fall-short-on-commitments-to-fossil-fuel-phase-out\" style=\"\" rel=\"noopener\">unveiled at the G20 talks<\/a> in New Delhi in September by signatories including Saudi Arabia, the UAE, the EU, India, and the US, as part of the latter\u2019s plan to counter China\u2019s Belt and Road project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lots of gains for the global green sector: <\/strong>The corridor \u2014 which will include railway and subsea pipeline infrastructure \u2014 will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d0216e7f-a9d8-45d9-8832-9d200bf7eb8b\/france-has-a-new-envoy-for-the-india-middle-east-europe-economic-corridor\" style=\"\" rel=\"noopener\">facilitate trade of green fuels and renewable energy<\/a> to and from the GCC with an east corridor connecting India to the GCC and a northern corridor linking the Gulf with Europe. The participating countries will also lay cables for power and data lines along the railway route, as well as pipelines for moving clean hydrogen. France appointed former CEO of Engie G\u00e9rard Mestrallet \u2014 who was commissioned by France\u2019s Ecology, Sustainable Development Ministry to chair an advisory committee on the EU\u2019s carbon pricing market \u2014 as the country\u2019s special envoy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d0216e7f-a9d8-45d9-8832-9d200bf7eb8b\/france-has-a-new-envoy-for-the-india-middle-east-europe-economic-corridor\" style=\"\" rel=\"noopener\">last month<\/a>.<\/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- Morocco anticipates a 5% GDP increase and the creation of 400k new jobs as a <\/strong><strong>result of the newly launched <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e86385b7-3350-48c5-9d10-de790a284ca1\/Morocco%2Brolls%2Bout%2Bgreen%2Bhydrogen%2Binvestment%2Bframework\" style=\"\" rel=\"noopener\">Morocco Offer<\/a><\/strong>, a six-stage framework geared towards attracting green hydrogen investments to the kingdom, <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/03\/361366\/morocco-s-low-carbon-strategy-promises-to-boost-2050-gdp-by-5\" style=\"\" rel=\"noopener\">Morocco World News<\/a> reported last week, citing comments by Morocco\u2019s Minister of Energy Transition Leila Benali. The nation\u2019s head of government Aziz Akhannouch has expressed optimism about the updated energy policy which could bring in some USD 10 bn in investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong><strong> About the Moroccan Offer: <\/strong>The framework aims to guide investors on how to fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e86385b7-3350-48c5-9d10-de790a284ca1\/Morocco%2Brolls%2Bout%2Bgreen%2Bhydrogen%2Binvestment%2Bframework\" style=\"\" rel=\"noopener\">a range of projects in the green energy sector<\/a> including renewables, green hydrogen and ammonia, and green fuels such as green methanol and synthetic fuels, both for local use and export purposes. The framework outlines the necessary procedures for the application process, land allocation procedures, infrastructure details and requirements as well as the incentives available for investors, the selection process and contractual obligations, and governance details for the green hydrogen sector. <\/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- Iran is set to construct two <\/strong><strong>nuclear plants within seven years<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.tehrantimes.com\/news\/496177\/Iran-to-build-two-power-plants-by-end-of-Raisi-term-says-AEOI\" style=\"\" rel=\"noopener\">Tehran Times<\/a> reported last week, citing comments by Mohammad Eslami, the head of Iran's Atomic Energy Organization (AEOI). Neither the size of the plants nor their cost have been revealed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran is going all in on nuclear power:<\/strong> The nation broke ground on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/74c4833f-af59-4ed2-9970-36d79bb61e74\/lots-of-green-finance,-m&a,-and-energy-updates-from-around-the-region\" style=\"\" rel=\"noopener\">four nuclear power plants<\/a> in the southern part of the country with a combined capacity of 5 GW last month. The plants, located in the east coast port town of Sirik, are expected to cost about USD 20 bn and will require 35 tons of nuclear fuel annually. The AEOI also kicked off construction on the second reactor of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f6f32eb3-9f8d-44e5-b6fb-ba5bca230192\/iran-breaks-ground-on-the-second-phase-of-the-bushehr%253cmark%253e-nuclear-%253c%2Fmark%253epower-plant\" style=\"\" rel=\"noopener\">EUR 1.8 bn Bushehr nuclear power plant<\/a> in October.<\/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- Shell decides to water down its emissions goals: <\/strong>Despite maintaining its net-zero by 2050 target,Dutch fossil fuel giant Shell is now aiming to reduce its <a target=\"_blank\" href=\"https:\/\/www2.deloitte.com\/uk\/en\/focus\/climate-change\/zero-in-on-scope-1-2-and-3-emissions.html\" style=\"\" rel=\"noopener\">scope 3 emissions<\/a> \u2014 indirect emissions from the use of its products up and down the value chain representing 70% of a company\u2019s carbon footprint \u2014 by 15-20% by the end of the decade, down from the previous 20%, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1327.pdf\" style=\"\" rel=\"noopener\">Shell Energy Transition Strategy 2024 (pdf)<\/a> published on Thursday. The company also dropped its goal of a 45% reduction by 2035 citing \u201cuncertainty in the pace of change in the energy transition.\u201d The targets are measured against Shell\u2019s baseline of emissions in 2016, the report says. <\/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 strategy \u2014 which is updated every three years \u2014 was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/359710f2-e78f-4251-8b7f-235a2245cd12\/today:-a-new-green-banking-initiative-for-tunisia-%2B-more-funding-for-saudi-green-tech-startups\" style=\"\" rel=\"noopener\">predicted to see<\/a> the company allocate a greater portion of investments into oil and gas in order to give better returns to shareholders, a move which CEO Wael Sawan has been championing since he assumed the position early last year. Shell is following in British oil giant BP\u2019s footsteps, which walked away from its target to reduce emissions by 35% by 2030 last year, and said it would pump more oil and gas and produce more CO2 emissions this decade than previously planned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And it\u2019s raising concerns: <\/strong>The strategy update has sparked concern among climate activists due to a significant 20-year gap in its net-zero emissions road map, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-14\/shell-s-20-year-gap-in-net-zero-plan-worries-climate-activists?srnd=undefined\" style=\"\" rel=\"noopener\">Bloomberg<\/a> wrote. Activists and shareholder groups are now questioning the feasibility of Shell's long-term environmental strategy, emphasizing the need for clearer interim targets to ensure a sustainable and responsible energy transition. \u201cFor investors, not having that clarity of what that pathway looks like now from 2030 to 2050 should be raising quite a lot of concerns,\u201d said the Australasian Centre for Corporate Responsibility strategy lead Nick Spooner<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- IEA raises predicted oil demand for the fourth time<\/strong><strong>:<\/strong> The International Energy Agency (IEA) has increased its forecast for 2024 oil demand growth up to 1.3 mn barrels per day (bpd) \u2014 up from 1.22 mn bpd \u2014 a few days after oil producing organization OPEC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/919ad4a9-0cea-4164-b47b-8222df07b370\/today:-us-based-carboncapture-secures-aramco-backing-in-series-a-round-%2B-acwa-power-%25f0%259f%2592%259akazakhstan\" style=\"\" rel=\"noopener\">predicted a much higher growth<\/a> in oil demand in the same period, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/iea-sees-economic-headwinds-putting-damper-supply-growth-2024-03-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. IEA cited disruptions to Red Sea shipping due to Houthi attacks as the reason for its adjustment, which still remains less optimistic than the world\u2019s biggest oil producing organization OPEC, who kept its 2024 demand growth forecast at 2.25 mn bpd. The gap now stands at almost 1 mn bpd, equivalent to 1% of world demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The gap between OPEC and IEA\u2019s projected yearly oil demand are the largest on record:<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/919ad4a9-0cea-4164-b47b-8222df07b370\/today:-us-based-carboncapture-secures-aramco-backing-in-series-a-round-%2B-acwa-power-%25f0%259f%2592%259akazakhstan\" style=\"\" rel=\"noopener\">IEA predicted that demand will rise by 1.22 mn bpd<\/a> in 2024, while in OPEC\u2019s report they expected oil demand to increase by 2.25 mn bpd in the same period marking the biggest gap in forecasts between the two groups in the 16 years they have been publishing monthly reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/edac3d14-a3b4-4265-8d53-9a526013c3e7\/today:-jordan-inks-mou-to-boost-grid-efficiency-for-renewables-%2B-tunisia-paves-the-way-for-green-bond-issuances\" style=\"\" rel=\"noopener\">New EU rules<\/a><\/strong><strong> on plastic packaging could penalize poorer countries exporting to the EU, <\/strong><strong>increase the risk of legal challenges, and lead to trade retaliation<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-14\/plastic-waste-eu-packaging-rules-risk-backfiring-trade-chief-says?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday, citing an emailed statement from EU\u2019s trade chief Valdis Dombrovskis. While the rules \u2014 pending approval from the parliament and council \u2014 aim to reduce packaging waste and promote the use of recycled plastic, the need for careful consideration and proper impact assessment of such significant changes, Dombrovskis added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- A provisional agreement for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/edac3d14-a3b4-4265-8d53-9a526013c3e7\/today:-jordan-inks-mou-to-boost-grid-efficiency-for-renewables-%2B-tunisia-paves-the-way-for-green-bond-issuances\" style=\"\" rel=\"noopener\">a new law banning single-use plastic<\/a><\/strong><strong> and reducing packaging waste was reached<\/strong> earlier this month. The agreement will see packaging phased out with reduction targets set at 5% by 2030, 10% by 2035, and 15% by 2040. It will also mandate that nations in the bloc cut plastic packaging specifically. Packaging has become an escalating source of waste in the EU, increasing from 66 mn tons in 2009 to 84 mn tons in 2021.<\/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- There are more chemicals in plastics than we previously thought: <\/strong>There are at least 3k more chemicals in plastics (used for everything from food packaging to toys) than previous studies estimated, according to a new <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1335.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the Norwegian Research Council project PlastChem. The new research identified over 16k chemicals, a quarter of which are believed to be hazardous, compared to the 13k found in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1335.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the United Nations Environment Programme (UNEP). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chemicals in plastic pose a serious health risk: <\/strong>\u201cWe're finding hundreds if not thousands of plastic chemicals in people now and some of them have been linked to adverse health outcomes,\u201d co-author of the report and managing director of the Swiss nonprofit Food Packaging Forum Jane Muncke told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/science\/chemicals-plastics-far-more-numerous-than-previous-estimates-report-says-2024-03-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Plastic chemicals can leach into water and food and cause complications including fertility issues and cardiovascular disease.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Policymakers are working on tackling plastic pollution:<\/strong> While the plastics industry advocates for recycling and re-use, experts argue that addressing plastic waste alone isn't sufficient to safeguard public health. Greater transparency is needed regarding the chemicals used in plastics (including recycled materials) given that a quarter of chemicals in plastic lack basic information about their chemical identity. Negotiations by the UN to establish the world's first treaty aimed at reducing plastic pollution are still ongoing, with about 400 mn tons of plastic waste produced every year, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/un-plastic-treaty-talks-grapple-with-re-use-recycle-reduce-debate-2023-11-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Over 230 of some 1k companies that joined the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sciencebasedtargets.org\/business-ambition-for-1-5c\" style=\"\" rel=\"noopener\">Business Ambition for 1.5 \u00b0C<\/a><\/strong><strong>campaign have failed to submit sufficient climate targets and have been removed<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3ebc5b56-a8f0-4fcd-99dd-9023d7a20013\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reported on Friday.The campaign \u2014 launched by the standard-setting body <a target=\"_blank\" href=\"https:\/\/sciencebasedtargets.org\/\" style=\"\" rel=\"noopener\">Science Based Targets initiative<\/a> (SBTi) in 2021 to provide a check on whether companies are in line with a global goal to limit warming to 1.5 \u00b0C above pre-industrial levels \u2014 gave companies two years to submit net zero emissions targets and has since removed around 500 companies from their approval process, including Microsoft, Unilever, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ffcb52e2-74cc-4f21-8eee-3adf84c6c345\/adani-green-energy-ousted-from-un-climate-group\" style=\"\" rel=\"noopener\">Adani Green Energy<\/a>, for not meeting standards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The companies axed from the database are shifting the blame: <\/strong>The companies that did submit adequate targets argued that a lack of supporting policy frameworks make it difficult to meet emissions reductions targets as fast as planned, the news outlet said. Of the companies removed for not submitting a net zero target in the first place, 21% chalked it up to the difficulty of curbing scope 3 emissions which account for the largest portion of their carbon footprint. Meanwhile, other companies pointed their fingers at the SBTi for making their criteria \u201ctoo abstract\u201d and \u201ctoo far in the future.\u201d<\/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\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\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83055\" 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=\"83056\" 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=\"83056\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/masdar-secures-eur-488-mn-financing-package-for-baltic-eagle-acquisition\/\">\r\n                            Masdar secures EUR 488 mn financing package for Baltic Eagle acquisition                        <\/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\/18\/masdar-secures-eur-488-mn-financing-package-for-baltic-eagle-acquisition\/\" 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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Masdar entered an strategic agreement with Spanish utility provider Iberdrola back last July to coinvest in the purchase of a the EUR 1.6 bn project. The lending package marks Masdar\u2019s largest EUR-denominated financing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the wind farm: <\/strong>Baltic Eagle is currently being built off Germany\u2019s northeastern coast and will comprise 50 wind turbines, each with a 9.53 MW generation capacity. The project \u2014 which is slated to kick off initial operations by the end of 2024 \u2014 will produce 1.9 TWh of clean energy once it achieves full production capacity, providing renewable power to some 475k homes and offsetting c. 800k tons of carbon emissions annually. 100% of Baltic Eagle\u2019s production volume has already been sold via long-term offtake agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s backing the transaction? <\/strong>ABN AMRO, Credit Agricole CIB, ING, Santander, and Siemens Bank have contributed to the lending package, and Santander acted as financial advisor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar is expanding its EU presence:<\/strong> Masdar finalized the acquisition of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7fc2bb6-60de-457c-94a4-51cb2b9ad26d\/masdar-completes-acquisition-of-3-gw-british-offshore-wind-farm\" style=\"\" rel=\"noopener\">49% stake in the UK\u2019s 3 GW Dogger Bank South wind farm<\/a> from German energy giant RWE earlier this month. Masdar and RWE agreed to co-develop the Dogger Bank South wind farm which will be split across two sites with 1.5 GW of capacity each. The first 800 MW of electricity is expected to come online in 2029. Masdar and RWE are also operating the 630 MW London Array offshore wind farm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER MASDAR NEWS- <\/strong><strong>Another <\/strong><strong>Uzbekistan venture: <\/strong>Masdar signed an agreement with Uzbekistan's state hydroelectric power producer JSC Uzbekhydroenergo to explore the feasibility of developing large-scale <a target=\"_blank\" href=\"https:\/\/www.energy.gov\/eere\/water\/pumped-storage-hydropower\" style=\"\" rel=\"noopener\">pumped storage hydro projects<\/a> across Uzbekistan, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-to-explore-the-development-of-large-scale--pumped-storage-hydro-in-uzbekistan\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. Pumped storage hydro is crucial for stabilizing the intermittent supply from renewable sources like solar and wind, offering a utility-scale storage solution. Masdar already connected 1.4 GW of renewable energy from wind and solar projects to Uzbekistan\u2019s grid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ce33905-9b33-40e0-977c-cea9a1d9a0c8\/masdar-connects-1.4-gw-to-uzbekistan%25e2%2580%2599s-grid,-looks-to-expand-there-and-in-georgia\" style=\"\" rel=\"noopener\">last December<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83058\" 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=\"83058\">\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\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/the-eu-lends-a-boost-for-egypts-green-transition-and-renewables-exports\/\">\r\n                            The EU lends a boost for Egypt\u2019s green transition and renewables exports                        <\/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        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<\/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\/18\/the-eu-lends-a-boost-for-egypts-green-transition-and-renewables-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1511.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83059\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/the-eu-lends-a-boost-for-egypts-green-transition-and-renewables-exports\/1511-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1511.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1511.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1511.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1511.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83058\" class=\"content-area-description single-story post-83058 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-egypt tag-enterpriseclimate tag-eu tag-green-finance tag-renewables 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\/.45a2e1ae-7271-4ca8-8132-743cd7978d40.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>The EU pledges EUR bns to Egypt:<\/strong> The EU is set to provide Egypt with a EUR 7.4 bn package of loans, grants, and investments \u2014 including some in the green energy sector \u2014 through to 2027, after President Abdel Fatteh El Sisi signed a <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/statement_24_1513\" style=\"\" rel=\"noopener\">joint strategic partnership and comprehensive agreement<\/a> with European Commission President Ursula von der Leyen at the Ittihadiya Palace yesterday evening (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=nv8e4k9wfIc\" style=\"\" rel=\"noopener\">watch, runtime: 1:03:10<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown of the funding:<\/strong><\/p>\n<ul>\n<li><strong>EUR 5 bn in concessional loans<\/strong> to provide macro-financial assistance, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1430.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> by the bloc.<\/li>\n<li><strong>EUR 1.8 bn of \u201cadditional\u201d investments <\/strong>under the <a target=\"_blank\" href=\"https:\/\/neighbourhood-enlargement.ec.europa.eu\/european-neighbourhood-policy\/southern-neighbourhood_en\" style=\"\" rel=\"noopener\">Southern Neighborhood Economic and Investment Plan<\/a>.<\/li>\n<li><strong>EUR 600 mn in grants<\/strong>,including EUR 35 mn for installing additional renewable energy capacities under the government\u2019s Nexus for Food, Water, and Energy initiative.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Does it sound familiar? <\/strong>The EUR 35 mn to develop Egypt\u2019s renewable energy capacities under the government\u2019s Nexus for Food, Water, and Energy initiative (NWFE) listed in the statement accompanying the agreement was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7267be18-acb5-4b9f-874a-e36102c2cad5\/a-lot-of-renewables-%3D-a-lot-of-investment-to-drum-up\" style=\"\" rel=\"noopener\">originally announced<\/a> back in 2022, as was the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2cd427aa-f06b-4054-ad8f-a96bc1c9de6a\/we%25e2%2580%2599re-getting-eur-100-mn-from-the-eu-to-tackle-food-insecurity\" style=\"\" rel=\"noopener\">EUR 100 mn<\/a> from the Food and Resilience and Facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of the partnership\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/183954ef-4dc7-49c8-9499-743e77de1e74\" style=\"\" rel=\"noopener\">mutual interest pillars<\/a><\/strong><strong> focus on the green transition:<\/strong> As part of the investment and trade pillar, green hydrogen, industrial projects, water security, digitization, and agriculture, and other areas are expected to bring in up to EUR 5 bn of Egypt-bound investment from Europe guaranteed by the European Fund for Sustainable Development and Economic Investment Plan. Towards this end, the bloc will support an EU-Egypt Investment Conference in the second half of the year to encourage private sector inflows into Egypt from Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Renewables cooperation seems to have really caught the interest of the EU: <\/strong>\u201cEgypt has all the resources to become a renewables hub, in particular when it comes to renewable hydrogen,\u201d Leyen said at the presser, adding that the agreement includes stepping up energy flows to help Europe \u201cmove further away from Russian gas\u201d. The bloc signaled its intention to invest in our green hydrogen ambitions and projects like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b4cdf86-bd8c-496a-bb9f-a0a96ced5721\/egypt,-greece-explore-ways-to-fund-the%253cmark%253e-gregy-%253c%2Fmark%253einterconnector\" style=\"\" rel=\"noopener\">GREGY<\/a> \u2014 one of Egypt\u2019s planned electricity linkups with Greece \u2014 to enable exports of Egyptian renewable energy into Europe. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83060 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=\"83060\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/83060\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83060\" class=\"content-area-description single-story post-83060 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83061\" 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=\"83061\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/\">\r\n                            Kuwait Petroleum International to purchase 50% of Italian biofuels company                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/')\">\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\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/\">\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=Kuwait Petroleum International to purchase 50% of Italian biofuels company&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/\">\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\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/&title=Kuwait Petroleum International to purchase 50% of Italian biofuels company\">\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=Kuwait+Petroleum+International+to+purchase+50%25+of+Italian+biofuels+company+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F18%2Fkuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company%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\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1179.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83062\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/kuwait-petroleum-international-to-purchase-50-of-italian-biofuels-company\/1179-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1179.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1179.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1179.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1179.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83061\" class=\"content-area-description single-story post-83061 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-biofuels tag-kuwait tag-ma-watch 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\/.e09a9b44-d7ea-4485-91dc-2cf442c9c1d8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait Petroleum International (KPI)'s Italian office is set to acquire a 50% <\/strong><strong>stake<\/strong><strong> in Italian biofuels firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ecofox.eu\/en\/\" style=\"\" rel=\"noopener\">Eco Fox<\/a><\/strong>, KPI\u2019s CEO Shafi Taleb Al-Ajmi told <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/articledetails.aspx?id=3142082\" style=\"\" rel=\"noopener\">Kuwait News Agency<\/a> (Kuna) on Friday. The financial details of the agreement were not disclosed and the agreement is pending approval from Italian authorities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is this important? <\/strong>The acquisition will support KPI\u2019s goals of developing, producing and distributing alternative fuels, Al-Ajmi told Kuna, adding that it also aims to help the company achieve its <a target=\"_blank\" href=\"https:\/\/www.kpc.com.kw\/PublicStatementsDetails?content-id=102\" style=\"\" rel=\"noopener\">2050 energy transition<\/a> targets. KPI supplies fuel to 70 international airports and manages 2.8k gas stations in Italy, Kuna notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Eco Fox:<font face=\"Arial\">&nbsp;<\/font><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ecofox.eu\/en\/\" style=\"\" rel=\"noopener\">Eco Fox<\/a><\/strong> is an Italian renewable fuel producer and distributor which produces biodiesel made from vegetable oil, animal fat, and recovered used cooking oil. The company\u2019s plant has a production capacity of 200k tons per year. Eco Fox also produces byproducts including glycerine, acid oils and potassium salts which can be used in agriculture.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/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=\"83063\" 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=\"83063\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/algerias-sonelgaz-awards-contracts-for-3-gw-of-solar-projects\/\">\r\n                            Algeria\u2019s Sonelgaz awards contracts for 3 GW of solar 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\/18\/algerias-sonelgaz-awards-contracts-for-3-gw-of-solar-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(); 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The 20 solar plants will be constructed across 17 provinces. The companies awarded contracts, the investment tickets for individual projects, and the timelines for development were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Sonalgaz first tendered <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\/today:-the-uae%25e2%2580%2599s-blue-carbon-is-spending-usd-1.5-bn-in-carbon-offsets-in-zimbabwe-%2B-the-eu-just-rolled-out-the-world%25e2%2580%2599s-first-co2-border-tax\" style=\"\" rel=\"noopener\">15 solar energy stations<\/a> with a capacity ranging from 80-220 MW across 12 states last October, then followed it up for a secondary tender including five stations with a capacity ranging from 50-300 MW distributed across 5 states, according to the statement. Both tenders attracted 20 bidders and a total of 77 offers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a bigger plan: <\/strong>Algeria has handed Sonelgaz the responsibility of producing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b7369dee-582a-4db1-a2a0-7204b6a2dbe2\/today:-ecaru,-qalaa-holdings,-and-france%25e2%2580%2599s-axens-set-to-conduct-studies-for-biofuel-and-saf-production-in-egypt\" style=\"\" rel=\"noopener\">15 GW of renewable energy by 2035<\/a> from renewables. The country had about <a target=\"_blank\" href=\"https:\/\/www.pv-magazine.com\/2024\/03\/15\/algerias-sonelgaz-awards-3-gw-of-solar-projects\/\" style=\"\" rel=\"noopener\">423 MW of solar<\/a> capacity installed by the end of 2021, according to the International Renewable Energy Agency.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sonelgaz\/\">Sonelgaz<\/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=\"83065\" 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=\"83065\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/fahad-misfer-al-battar-tapped-as-ceo-of-sabic-agri-nutrients\/\">\r\n                            Fahad Misfer Al-Battar tapped as CEO of Sabic Agri-Nutrients                        <\/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\/18\/fahad-misfer-al-battar-tapped-as-ceo-of-sabic-agri-nutrients\/\" 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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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1505.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1505.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1505.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1505.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83065\" class=\"content-area-description single-story post-83065 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseclimate tag-moves tag-sabic 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\/.a8994eaa-bb8a-4080-8a7b-a0e7c8f12fa4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertilizer maker Sabic Agri-Nutrients has appointed <\/strong><strong>Fahad Albattar (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/fahad-albattar-9190911ba\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as its new CEO<\/strong>, the company 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\/lY_RboIwFIafxQcwPWgs7JKNDVlQUXQqN6aWMyURSkpxc0-_VpYZ3Vxc04ue0-__z39IQhYkKdg-2zCViYLtdL1M6KrnUuj0HRhBf_oAFGKfzqaO5XUomZ8DzsCnMB6641HH7oH_AiT5lx7iqAfjp2jQDWECPtDb9HDluDfMT86RkXtn6wTP934Qul2H2pfALyteDPm5wxH4I2SMxXET-2rUwCJziZWoJUcy2aByi0LUBcccCxVmlfKYYmTMGd9iiHvcRWyDJDajWbrPKiErQ5Fl2zK9CrkS0iuD9LtzyNdiR5bmXUqR1lxNDyU2DSW0_de71MZx9qErCxorJvn2xJr_YZ2vUXprzZjWqxT5yYCZ5NzkbkTWqkmg8F3FR7OGS7UiQpkJnZGU-Wy2gCxoO2-P3dw5v26r9QlTUSX0\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzIwMjAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc4NzIy\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_RboIwFIafxQcwPWgs7JKNDVlQUXQqN6aWMyURSkpxc0-_VpYZ3Vxc04ue0-__z39IQhYkKdg-2zCViYLtdL1M6KrnUuj0HRhBf_oAFGKfzqaO5XUomZ8DzsCnMB6641HH7oH_AiT5lx7iqAfjp2jQDWECPtDb9HDluDfMT86RkXtn6wTP934Qul2H2pfALyteDPm5wxH4I2SMxXET-2rUwCJziZWoJUcy2aByi0LUBcccCxVmlfKYYmTMGd9iiHvcRWyDJDajWbrPKiErQ5Fl2zK9CrkS0iuD9LtzyNdiR5bmXUqR1lxNDyU2DSW0_de71MZx9qErCxorJvn2xJr_YZ2vUXprzZjWqxT5yYCZ5NzkbkTWqkmg8F3FR7OGS7UiQpkJnZGU-Wy2gCxoO2-P3dw5v26r9QlTUSX0\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzIwMjAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc4NzIy\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> last week. He is <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/profile\/person\/21634643\" style=\"\" rel=\"noopener\">replacing<\/a> Abdulrahman Ahmed Shamsaddin who has been tapped for a top executive position at parent company Sabic. Albattar will assume his new role on 1 April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Albattar is no stranger to the company:<\/strong> Albattar brings over 25 years of experience in executive leadership with positions at Sabic and its subsidiaries since 1997. His most recent position was Chief Operations Officer at SABIC Agri Nutrients Company. He previously served as president of several of Sabic\u2019s subsidiaries, including Al Sharqiyah Petrochemicals Company (Sharq), Al Jubail Fertilizer Company (Al Bayrouni), and Saudi Petrochemical Company (Sadaf).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The Saudi chemicals manufacturer is riding the energy transition train:<\/strong> Sabic Agri-Nutrients <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7ffffbc4-75ba-44a5-a183-488792da3d46\/ksa%25e2%2580%2599s-sipchem-lands-approval-for-blue-ammonia-project\" style=\"\" rel=\"noopener\">shipped in June<\/a> its first 5k metric ton load of low-carbon ammonia to Taiwan. The shipment in June followed another 5k ton load of low-carbon ammonia to India in May, an undisclosed quantity to Japan in April, and 25k tons of low-carbon blue ammonia to South Korea last November. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sabic\/\">Sabic<\/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=\"83067\" 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=\"83067\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/\">\r\n                            Tunisia secures USD 520 mn from World Bank to shore up food security                        <\/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\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/\" 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\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/')\">\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\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/\">\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=Tunisia secures USD 520 mn from World Bank to shore up food security&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/\">\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\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/&title=Tunisia secures USD 520 mn from World Bank to shore up food security\">\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=Tunisia+secures+USD+520+mn+from+World+Bank+to+shore+up+food+security+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F18%2Ftunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security%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\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1507.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83068\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/tunisia-secures-usd-520-mn-from-world-bank-to-shore-up-food-security\/1507-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1507.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1507.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1507.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1507.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83067\" class=\"content-area-description single-story post-83067 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-debt-watch tag-enterpriseclimate tag-tunisia tag-world-bank 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\/.24ba9c58-0081-4693-a78f-9aefa61bf081.mp3\"><\/audio><\/figure><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><\/strong><strong>World Bank helps tackle Tunisia\u2019s climate-driven food security challenges:<\/strong> The World Bank has approved two loans for Tunisia totaling USD 520 mn aimed at combating food security challenges and regional disparities, according to a <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2024\/03\/15\/tunisia-world-bank-projects-boost-food-security-economic-opportunities\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The first loan of USD 300 mn will finance the <a target=\"_blank\" href=\"https:\/\/documents.worldbank.org\/pt\/publication\/documents-reports\/documentdetail\/099021124101031270\/p1815651bce6ec091988f1307f84db7042\" style=\"\" rel=\"noopener\">Emergency Food Security Response Project<\/a> to help address the impact of drought on food security by supporting wheat imports, providing barley for milk production, and distributing climate-resilient seeds for wheat producers. The second USD 220 mn loan will fund the <a target=\"_blank\" href=\"https:\/\/projects.worldbank.org\/en\/projects-operations\/project-detail\/P167900\" style=\"\" rel=\"noopener\">Tunisia Economic Development Corridor<\/a> project, aimed at reducing regional economic disparities by improving road infrastructure and enhancing access to finance for small and medium-sized enterprises in the region. <\/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 World Bank first announced that it could <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a08283a2-3d7c-4938-82a5-ecf0e80c1063\/tunisia-enhances-esg-practices-across-multiple-sectors-to-attract-investments\" style=\"\" rel=\"noopener\">extend a support package to Tunisia<\/a> to address the impact of climate change on the country\u2019s food security last month. Tunisia stands to lose up to USD 54 bn by 2050 due to the effects of climate change, the lender estimates, and needs to boost its water and agriculture resilience. Droughts have caused a two-thirds drop in the harvest of some of Tunisia\u2019s crops<\/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 INDUSTRY-<\/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:\/\/www.se.com\/ww\/en\/\" style=\"\" rel=\"noopener\">Schneider Electric<\/a><\/strong><strong> and Saudi tech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/data-volt.com\/\" style=\"\" rel=\"noopener\">DataVolt<\/a><\/strong><strong> have signed an agreement to <\/strong><strong>partner on data center sustainability and innovation<\/strong>, a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/schneider-electric-and-datavolt-announce-collaboration-u0yj32r9\" style=\"\" rel=\"noopener\">press release<\/a> said on Thursday. The partnership will involve exploring joint initiatives within DataVolt\u2019s sustainability strategy and decarbonization roadmap, as well as advance digital infrastructure and energy management solutions for hyperscale data centers in KSA. The two firms will also explore avenues for establishing digital infrastructure and energy management solutions for the specific needs of hyperscale data centers. Schneider will also support DataVolt by contributing to a more sustainable data center industry in KSA, develop future-proof data centers that meet ever-growing demand for hyperscale computing power, and optimize energy usage and minimize operational costs for the data centers, the release says.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-bank\/\">World Bank<\/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=\"83069\" 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=\"83069\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/\">\r\n                            The offshore wind sector is growing but ships are struggling to keep up                        <\/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\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/\" 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\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/')\">\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\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The offshore wind sector is growing but ships are struggling to keep up&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/\">\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\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/&title=The offshore wind sector is growing but ships are struggling to keep up\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+offshore+wind+sector+is+growing+but+ships+are+struggling+to+keep+up+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F18%2Fthe-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up%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\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1478.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83070\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/the-offshore-wind-sector-is-growing-but-ships-are-struggling-to-keep-up\/1478-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1478.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1478.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1478.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1478.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83069\" class=\"content-area-description single-story post-83069 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-renewables tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.2f786d25-a063-482c-bd89-d9af1a8d3617.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The demand for ships capable of installing offshore wind turbines is outstripping supply <\/strong><strong>as offshore wind capacity is expected to increase 5x between 2022 and 2035<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-03-17\/offshore-wind-s-next-big-problem-not-enough-ships?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. Larger ships are required to transport wind turbines that can reach up to 300 meters in length. The industry is faced with the challenge of building new installation vessels \u2014 which takes at least three years and USD 400 mn each \u2014 or retrofitting older ones, which is also costly and time-consuming. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyundai and Kia are recalling 170k EVs in South Korea due to problems with <\/strong><strong>the charging system software<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/hyundai-kia-recall-nearly-170000-evs-over-software-problem-south-korea-2024-03-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing the country\u2019s transport ministry. The software issue could make it harder to charge low-voltage batteries and possibly cause the car to stop while driving. Hyundai will recall almost 114k EVs of five different models, while its sister company Kia will recall 56k vehicles. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83071\" 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=\"83071\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/18\/fast-fashion-is-turning-to-climate-adaptable-lines-as-seasons-change\/\">\r\n                            Fast fashion is turning to climate adaptable lines as seasons change                        <\/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\/18\/fast-fashion-is-turning-to-climate-adaptable-lines-as-seasons-change\/\" 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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Light trench coats and breathable \u201cperformance\u201d fabrics for men and women are types of transitional clothing suitable for both cool and warm days, Ruiz said. Europe is one of several regions in the world that have experienced the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0f174a04-ee7c-4784-b2ad-c2b131d6d82f\" style=\"\" rel=\"noopener\">warmest February on record<\/a>, with European temperatures reaching 3.3\u00b0C above average.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mango is diversifying its supply chain:<\/strong> Mango now sources trend-dependent items from European manufacturers and functional wardrobe pieces from Asian manufacturers, maintaining a flexible supply chain, the newswire writes. This has helped the company avoid losses from the ongoing Red Sea shipping crisis. To further enhance operations, Mango is investing in expanding stores and developing technology, including AI for trend tracking and consumer data analysis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is this important? <\/strong>Clothing that is functional year-round could result in less textile waste from both retailers and consumers, <a target=\"_blank\" href=\"https:\/\/www.euronews.com\/green\/2023\/05\/21\/could-climate-change-impact-seasonal-fashion-retailers-look-to-delay-sales-season\" style=\"\" rel=\"noopener\">Euro News<\/a> writes. As shoppers opt towards more versatile pieces, a shift away from the current seasonal model used by the fast fashion industry could occur.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is it enough to tackle fast fashion's waste crisis?<\/strong>The EU and the UK government are preparing to follow the lead of Sweden, the Netherlands, and Italy in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ba49c9bc-842c-48f6-81b5-cf1de9c87f1b\/the-eu-and-the-uk-are-cracking-down-on-fast%253cmark%253e-fashion-%253c%2Fmark%253elandfill-waste-with-a-tax\" style=\"\" rel=\"noopener\">taxing fashion companies<\/a> in a bid to crack down on discarded textiles clogging landfills globally. The governments are reportedly preparing to enact legislation to have fashion brands fund textile recycling programs to support countries like Ghana, which receives some 15 mn discarded garments on a weekly basis. Ghanaian clothes traders visited Brussels last June to lobby for EU legislation that would force the European fashion industry to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/add2a1cc-f02b-4548-8e5d-79bf26296613\/is-transition-finance-the-next-big-trend-in-climate-financing%3F\" style=\"\" rel=\"noopener\">stop dumping tons of textiles<\/a> in the West African country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It may be better to overhaul the materials used altogether: <\/strong>Alternative materials used to make garments are growing traction worldwide, such as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4620d41f-1ca2-4f80-9893-d2a123c43f2a\/how-plastic-collected-off-tunisian-beaches-transforms-into-high-end-denim-wear\" style=\"\" rel=\"noopener\">plastic collected from beaches in Tunisia<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/257948e3-771f-46d2-9c68-cf2e0beb0608\/fancy-some-shrimp%3F-save-the-shells,-you-can-wear-them\" style=\"\" rel=\"noopener\">biodegradable leather made from shrimp shells<\/a> by an American startup. US retail corporation Walmart also partnered with California-based startup Rubi Laboratories last August to capture <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f00cb6ac-17f0-4a7a-93c6-e2b2dc791489\/american-retail-giant-walmart-wants-to-repurpose-its-co2-emissions-to-produce-yarn\" style=\"\" rel=\"noopener\">carbon emissions generated by its supply chain<\/a> and convert it into biodegradable apparel collections. Researchers at Texas A&M University even found that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f527ee15-e2b2-4d51-b9e6-034a65fd9d63\/dead-flies-could-be-turned-into-environmentally-friendly-plastic,-research-finds\" style=\"\" rel=\"noopener\">dead black soldier flies<\/a> could be turned into biodegradable plastic. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fast-fashion\/\">fast fashion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainability\/\">sustainability<\/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=\"83073\" 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\/18\/83073\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83073\" class=\"content-area-description single-story post-83073 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>19 April <\/span><span>(Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.un.org\/en\/energy\/page\/global-stocktaking-sdg7\" style=\"\">Global Stocktaking on SDG7<\/a><\/span><span style=\"font-weight:400;\">, New York, US. <\/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>6-9 May (<\/span><span>Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\" style=\"\">Arabian Travel Market<\/a><\/span><span>, <\/span><span style=\"font-weight:400;\">Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 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>11-12 June<\/span><span> (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17243638-over-100-financial\" style=\"\">International Conference on Financing Investment and Trade in Africa (FITA 2024)<\/a><\/span><span style=\"font-weight:400;\">, Tunis, Tunisia. <\/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 style=\"font-weight:400;\"> emissions target.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Masdar lines up financing for Baltic Eagle acquisition | KPI wants to purchase 50% of biofuels firm Eco Fox | 3 GW worth of fresh solar in Algeria<\/p>\n","protected":false},"featured_media":83052,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-83051","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"220033df-b638-4631-ba7b-cf8de5dcf584","teaser":"Masdar lines up financing for Baltic Eagle acquisition | KPI wants to purchase 50% of biofuels firm Eco Fox | 3 GW worth of fresh solar in Algeria","photo_url":"https:\/\/ent.news\/2024\/2\/1164.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Masdar reaches financial close on Baltic Eagle acquisition - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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