{"id":83093,"date":"2024-03-19T07:00:00","date_gmt":"2024-03-19T07:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=83093"},"modified":"2025-12-15T10:31:47","modified_gmt":"2025-12-15T10:31:47","slug":"egypt-secures-usd-6-bn-from-world-bank-with-support-for-green-transition","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/egypt-secures-usd-6-bn-from-world-bank-with-support-for-green-transition\/","title":{"rendered":"Egypt secures USD 6 bn from World Bank with support for green transition"},"content":{"rendered":"<section id=\"83095\" 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=\"83095\">\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\/19\/today-more-funding-for-egypts-green-transition-masdar-is-reportedly-eyeing-an-indian-acquisition\/\">\r\n                            TODAY: More funding for Egypt\u2019s green transition + Masdar is reportedly eyeing an Indian 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 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1106.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1106.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1106.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1106.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83095\" class=\"content-area-description single-story post-83095 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-egypt tag-enterpriseclimate tag-renewables tag-what-were-tracking-today 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\/.66721abd-9f7f-431e-9a2e-0e8824f43247.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Good morning, nice people. <\/strong>It\u2019s a relatively quiet day on the climate news front, but we have some key updates on developing projects across the board from all corners of the region.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><a id=\"wwtt1\"><\/a>#1- Egypt to issue consulting tenders for GREGY soon: <\/strong>The government will soon launch a tender to select an international consulting firm for the development of the 3 GW <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/acbecd89-aadc-4844-85cd-b94743e29330\/egypt-and-greece-explore-ways-to-fund-the%253cmark%253e-gregy-%253c%2Fmark%253einterconnector\" style=\"\" rel=\"noopener\">GREGY<\/a> interconnection project with Greece, CEO of the Egyptian Electricity Transmission Company Sabah Mashaly told <a target=\"_blank\" href=\"https:\/\/awp.net\/ar\/stories\/mswwlt-msryt-l-awp-netzm-trh-mnaqst-liedad-drast-mshrwe-alrbt-alkhrbayy-me-alathad-alawrwby-ebr-alywnan\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/awp.net\/ar\/stories\/mswwlt-msryt-l-awp-netzm-trh-mnaqst-liedad-drast-mshrwe-alrbt-alkhrbayy-me-alathad-alawrwby-ebr-alywnan\/\" style=\"\" rel=\"noopener\">Arab World News<\/a>. The move is part of ongoing negotiations to include the project in the EU's final list of mutually beneficial projects, which would expedite the permitting and financial funding processes. The estimated cost of the project stands at EUR 5.5 bn which will be funded by the EU through grants, officials told AWP last November.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>REFRESHER- About the project: <\/strong>The GREGY will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/acbecd89-aadc-4844-85cd-b94743e29330\/egypt-and-greece-explore-ways-to-fund-the%253cmark%253e-gregy-%253c%2Fmark%253einterconnector\" style=\"\" rel=\"noopener\">run almost 1.5k km<\/a> from Wadi El Natroun directly across the Mediterranean to mainland Greece allowing Egypt to export renewable energy surplus to mainland Greece. Egypt and Greece\u2019s energy ministers met to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3bdc527f-11e8-45f5-b855-de0dcac1ced9\/egypt-and-greece-talk-additional-renewables-investments-%2B-morocco-eyes-clean-energy-cooperation-with-senegal\" style=\"\" rel=\"noopener\">review the progress of the project<\/a> in January. Infinity Power <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/414aad37-9a32-4305-b52b-01080a56d104\/infinity-power-and-copelouzos-group-ink-an-agreement-on-joint-production-of-renewable-energy\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Greece\u2019s Copelouzos Group in May to carry out a feasibility study on the proposed 950 km link and as of July, both countries had not secured the EUR 4 bn initial investment required for the project.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><a id=\"wwtt2\"><\/a>#2- <\/strong><strong>The world should \u201cabandon the fantasy of phasing out oil and gas,\u201d<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/ceraweek-saudi-aramco-ceo-argues-re-set-energy-transition-timetables-2024-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported Aramco CEO Amin Nasser as saying at CERAWeek in Houston. \u201cWe should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions, as long as essential,\u201d he said during the S&P Global gathering, urging revised energy transition plans.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Nasser believes global oil demand won\u2019t peak soon<\/strong> as he forecast oil demand to hit a new record of 104 mn bpd this year. While renewable energy is becoming more affordable and attracting growing investment, it has yet to take the place of hydrocarbons at scale, he said. \u201cAll this strengthens the view that peak oil and gas is unlikely for some time to come, let alone 2030,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><a id=\"wwtt3\"><\/a>#3- EU countries approve law to reduce raw materials dependency: <\/strong>EU members approved the <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_1661\" style=\"\" rel=\"noopener\">Critical Raw Materials Act<\/a> (CRMA) aimed at decreasing reliance on imports of essential energy transition minerals including lithium and nickel, <a target=\"_blank\" href=\"https:\/\/money.usnews.com\/investing\/news\/articles\/2024-03-18\/eu-gives-final-approval-on-targets-for-raw-materials\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_1661#:~:text=the%20net%20zero%20industry%2C%20the%20digital%20industry%2C%20aerospace%2C%20and%20defence%20sectors.\" style=\"\" rel=\"noopener\">European Commission<\/a> statement. The new regulation \u2014 which mainly targets Chinese imports that account for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2128d3d7-513a-4e42-8f8f-8d186c0c0a50\/today:-infinity-power-holding-%2B-germany%25e2%2580%2599s-conjuncta-team-up-on-mega-green-hydrogen-plant-in-west-africa\" style=\"\" rel=\"noopener\">95% of the global supply<\/a> \u2014 sets a target to have the EU domestically produce at least 10% and process at least 40% of strategic materials needed annually by 2030. The law adds that at least 25% of annual demand will come from recycled materials, and no more than 65% of the annual consumption of each critical mineral will come from abroad. The law is yet to be approved by the bloc\u2019s parliament and council. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>REMEMBER- <\/strong>The EU has been working on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2128d3d7-513a-4e42-8f8f-8d186c0c0a50\/today:-infinity-power-holding-%2B-germany%25e2%2580%2599s-conjuncta-team-up-on-mega-green-hydrogen-plant-in-west-africa\" style=\"\" rel=\"noopener\">launching a central agency<\/a> that will be responsible for ensuring the targets set out by the CRMA are feasible. The new European Critical Raw Materials Board would streamline permitting procedures for investors looking to launch mining projects in the bloc, and would provide financing for projects it deems strategic. Under the proposed law, the agency would grant permits for companies looking to undertake mining projects within 24 months, with the deadline for minerals processing projects set at 12 months. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>#4- The world\u2019s largest solar manufacturer LONGi Green Energy Technology is <\/strong><strong>planning to lay off one third of its employees, <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-18\/world-s-top-solar-firm-longi-plans-thousands-of-job-cuts-on-glut\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people with knowledge of the matter. The Chinese firm has plans to let go 30% of its 80k employees in efforts to cut costs and recover from a 44% drop in net income in 3Q 2023 amid overcapacity issues stemming from plummeting solar panel prices. Longi had already been ramping up layoffs since November but has refused to comment on any further plans. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>There might be a light at the end of the tunnel: <\/strong>The Chinese solar industry might recover by the end of the year if supply and demand evens out and more consolidations are implemented, Bloomberg notes. Longi is already ahead of its competitors with USD 7.4 bn under its belt to support the company throughout the industry's misgivings.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>IN OTHER SOLAR NEWS- France's energy giant TotalEnergies <\/strong><strong>has surpassed 1.5 GW of long-term solar power contracts with over 600 customers globally<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/totalenergies-hails-progress-on-site-solar-generation-contracts-2024-03-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The company's strategy involves developing, financing, constructing, and operating solar panels on rooftops, carports, and vacant industrial lands to supply electricity directly to the customers' premises. The power purchase agreements (PPAs) \u2014 with an average duration of 20 years \u2014 were signed across various sector including agrifoods, construction, and retail, and offer predictable electricity prices for customers, which are estimated to be 20%-45% lower than current market rates.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Some of the solar power is from the region: <\/strong>A TotalEnergies-led consortium is building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0ad08aa7-b135-42e8-b7d5-5b5536dbc523\/%253cmark%253etotalenergies-%253c%2Fmark%253eand-friends-are-building-a-119-mw-solar-farm-in-ksa\" style=\"\" rel=\"noopener\">119 MW solar plant<\/a> in Saudi Arabia. Iraq's government granted land to TotalEnergies last November to establish a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e468ba1-7338-4343-81d8-5c117e8ea70a\" style=\"\" rel=\"noopener\">1 GW solar plant<\/a>. The company also inaugurated the USD 470 mn 800 MWp <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0ad08aa7-b135-42e8-b7d5-5b5536dbc523\/%253cmark%253etotalenergies-%253c%2Fmark%253eand-friends-are-building-a-119-mw-solar-farm-in-ksa\" style=\"\" rel=\"noopener\">Al Kharsaah solar plant<\/a> in Qatar in 2022, and recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ed4a123-aa66-4838-89e9-e1ff240ff69d\/totalenergies-buys-a-usd-25-mn-stake-in-xlinks-morocco-uk-interconnector-project\" style=\"\" rel=\"noopener\">acquired a minority stake<\/a> worth USD 25 mn in the Xlinks Morocco-UK interconnector project.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><a id=\"wwtt4\"><\/a>#5- The maritime shipping carbon levy garners <\/strong><strong>support at the IMO:<\/strong> The EU, Canada, Japan, and climate-vulnerable Pacific Island states are among a group of 47 countries pushing for an international shipping emissions charge which could rack up USD 80 bn annually, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/pressure-builds-charge-global-shipping-sectors-co2-emissions-2024-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing documents it has seen being discussed at an ongoing International Maritime Organization (IMO) meeting. Supporters say the USD bns collected each year could be put towards developing low emissions shipping fuels and fund the energy transition of poorer states, the newswire said. The initiative is facing pushback from countries, including China and Brazil, who believe that a carbon levy would unfairly single out emerging economies that depend on trade. Parallel drives are also calling for the adoption of a global emission standard for fuels to power maritime shipping. An upcoming IMO meeting is scheduled in September to decide on both proposed measures.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>IN OTHER MARITIME NEWS-<\/strong><strong>The IMO looks to implement its revised GHG <\/strong><strong>strategy: <\/strong>The IMO finalized some of its mid-term measures including adopting both a GHG Fuel Standard \u2014 a mandate on GHG intensity of fuel and energy \u2014 as well as a GHG pricing regulation, according to a <a target=\"_blank\" href=\"https:\/\/www.u-mas.co.uk\/imos-2030-and-2040-ghg-reduction-targets-now-explicitly-linked-to-fuel-standard-whilst-momentum-builds-on-a-universal-ghg-price-levy-but-all-options-remain-on-the-table\/\" style=\"\" rel=\"noopener\">UMAS statement<\/a>. The IMO is now tasked with how to transfer the revised GHG strategy into specific and detailed regulation within the next 12 months, the statement notes. <\/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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">***<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/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\/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=\"83097\" 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=\"83097\">\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\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/83097\/\">\r\n                                                    <\/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\/19\/83097\/\" 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 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              <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/83097\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83097\" class=\"content-area-description single-story post-83097 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseclimate tag-what-were-tracking-today 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\/.ef8a7177-b1e8-423a-8dbb-1c90221a70d6.mp3\"><\/audio><\/figure><div class='introduction'><\/div>\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\/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=\"83098\" 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=\"83098\">\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\/19\/egypt-secures-usd-6-bn-financing-package-world-bank-with-support-for-green-transition\/\">\r\n                            Egypt secures USD 6 bn financing package World Bank with support for green transition                        <\/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\/19\/egypt-secures-usd-6-bn-financing-package-world-bank-with-support-for-green-transition\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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               <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1608.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83099\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/egypt-secures-usd-6-bn-financing-package-world-bank-with-support-for-green-transition\/1608-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1608.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1608.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1608.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1608.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83098\" class=\"content-area-description single-story post-83098 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-egypt tag-enterpriseclimate tag-green-finance 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\/.8cc5177f-e667-4865-bd70-639cb52d8218.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>A USD 6 bn package from the World Bank: <\/strong>The World Bank will provide Egypt with a USD 6 bn financing package over the next three years with a portion earmarked for the country\u2019s green transition, the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOICEgypt\/posts\/pfbid0pjh5Wm1ht83SjZfAAa8n3nYqgAmQ1c1yyW4T1RZ7ZqAQrXhJxPoUHaEiXHvK4GEvl\" style=\"\" rel=\"noopener\">International Cooperation Ministry<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/news\/statement\/2024\/03\/18\/world-bank-group-statement-of-support-to-egypt-s-development-and-reform-efforts\" style=\"\" rel=\"noopener\">World Bank<\/a> said in separate statements. The package is subject to the group's board approval, which is anticipated before the end of June. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The breakdown of the funding:<\/strong><\/p>\n<ul>\n<li><strong>USD 3 bn for the gov\u2019t: <\/strong>Half of the funding will go to the government to support its economic and structural reforms, social protection programs, and its green economy transition.<\/li>\n<li><strong>USD 3 bn for the private sector: <\/strong>The other half will be distributed through the group\u2019s private sector arm, the International Finance Corporation (IFC), and will go to the private sector. The funding will be delivered in the form of equity and loans made up partly by investor funds.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>That\u2019s double what was expected:<\/strong> Egyptian Finance Minister Mohamed Maait <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4286f10b-5618-426b-87de-d53d22d9591a\" style=\"\" rel=\"noopener\">had previously said<\/a> that the World Bank will be extending some USD 3 bn in financing to Egypt. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Funds by summer:<\/strong> The World Bank is expected to disburse the first USD 1 bn by the end of June after the board approved the package, Egypt country director Stephane Guimbert told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/world-bank-group-provide-egypt-with-6-bln-over-three-years-2024-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cSome significant part of that will go to budget support. and then we have a range of programs on climate, on SMEs, etc,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Part of a wider framework: <\/strong>The financing falls under the World Bank\u2019s 2023-2027 Country Partnership Framework with Egypt, under which the bank\u2019s International Bank for Reconstruction and Development (IBRD) will be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/55ed1a19-6f3f-4d9a-a744-9e4c3520dc08\/egypt-secures-usd-7-bn-world-bank-loan-to-support-private-sector,-climate-goals\" style=\"\" rel=\"noopener\">lending us USD 1 bn a year<\/a> through to 2027 to support private-sector job growth, health and education services, and climate measures.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The World Bank\u2019s current operational portfolio in Egypt is valued at over USD 8 bn<\/strong> \u2014 of which USD 6 bn was allocated from the IBRD and USD 2 bn from the IFC and the Multilateral Investment Guarantee Agency.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/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=\"83100\" 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=\"83100\">\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\/19\/masdar-is-reportedly-eyeing-a-major-acquisition-of-indian-renewables-firm-ayana\/\">\r\n                            Masdar is reportedly eyeing a major acquisition of Indian renewables firm Ayana                        <\/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\/19\/masdar-is-reportedly-eyeing-a-major-acquisition-of-indian-renewables-firm-ayana\/\" 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 sale of a majority stake is expected to value Ayana, owned by the Southeast Asian country\u2019s <a target=\"_blank\" href=\"https:\/\/niifindia.in\/\" style=\"\" rel=\"noopener\">National Investment and Infrastructure Fund<\/a> (NIIF), at USD 1 bn in equity. Non-binding bids are expected by mid-April.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Others are interested:<\/strong> Malaysia\u2019s Petronas-owned <a target=\"_blank\" href=\"https:\/\/www.gentari.com\/\" style=\"\" rel=\"noopener\">Gentari<\/a>, Singapore's renewables giant <a target=\"_blank\" href=\"https:\/\/www.sembcorp.com\/\" style=\"\" rel=\"noopener\">Sembcorp<\/a>, and Canada\u2019s investment firms <a target=\"_blank\" href=\"https:\/\/www.investpsp.com\/en\/\" style=\"\" rel=\"noopener\">PSP Investments<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.brookfield.com\/\" style=\"\" rel=\"noopener\">Brookfield<\/a> are all reportedly throwing their hats in the ring, ET reports. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Who owns what? <\/strong>NIIF owns a 51% stake in Ayana Power, British International Investment (formerly CDC Group) holds 32%, and Eversource Capital-managed Green Growth Equity Fund (GGEF) holds 17%.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Masdar is on an acquisition roll: <\/strong>The renewables giant reached financial close on EUR 488 mn in funding to secure its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/102b9bd5-15cc-47fa-a558-215dbc97601d\/%253cmark%253emasdar-%253c%2Fmark%253esecures-eur-488-mn-financing-package-for-baltic-eagle-acquisition\" style=\"\" rel=\"noopener\">49% acquisition<\/a> of the 476 MW Baltic Eagle wind farm off the coast of Germany last week. Masdar is also eyeing an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59db0b55-d736-45d0-9580-0fe2528ef4be\/%253cmark%253emasdar-%253c%2Fmark%253eeyes-stakes-in-turkish-wind-producer-fiba-yenilenebilir-enerji\" style=\"\" rel=\"noopener\">undisclosed stake<\/a> in Turkish wind producer Fiba Yenilenebilir Enerji.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>About Ayana: <\/strong>Founded in 2017, the company is one of India\u2019s leading renewable energy Independent Power Producers, according to their <a target=\"_blank\" href=\"https:\/\/www.ayanapower.com\/about\" style=\"\" rel=\"noopener\">website<\/a>.The company aims to add 2 GW of renewable power in India every year including a combination of wind, solar, hybrid, and RTC projects. Ayana already holds a significant portfolio of renewable and hybrid projects across India, with an operational capacity of 1.3 GW and a pipeline of over 4 GW.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83102 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=\"83102\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/83102\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83102\" class=\"content-area-description single-story post-83102 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;font-family:\" arial><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83103\" 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=\"83103\">\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\">MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/most-climate-change-indicators-are-threatening-menas-economic-growth-arab-monetary-fund-finds\/\">\r\n                            Most climate change indicators are threatening MENA\u2019s economic growth, Arab Monetary Fund finds                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/most-climate-change-indicators-are-threatening-menas-economic-growth-arab-monetary-fund-finds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The study focused on twelve countries, including Algeria, Bahrain, Comoros, Egypt, Iraq, Lebanon, Mauritania, Morocco, Oman, Saudi Arabia, Tunisia, and the UAE and used data spanning from 2010 to 2019. Researchers used the Generalized Methods of Moments \u2014 <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1557.pdf\" style=\"\" rel=\"noopener\">a statistical technique used to estimate parameters in econometric models<\/a> \u2014 to analyze the data. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The Arab region is hit harder than others by climate change<\/strong><strong>:<\/strong> Existing issues within the region are exacerbated by the effects of climate change, with already high temperatures rising further and water scarcity projected to have severe economic ramifications, including substantial losses in GDP and displacement of populations, the report said.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Carbon emissions are to blame:<\/strong> The region\u2019s average atmospheric CO2 concentration was 400.4 parts per million (ppm) across the recorded observations \u2014 lower than the record high average of <a target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/1091999\/atmospheric-concentration-of-co2-historic\/\" style=\"\" rel=\"noopener\">421 ppm recorded globally in 2023<\/a> \u2014 and reached a high of 411.7 ppm. High levels of global CO2 emissions, typically linked to industrialization and fossil fuel use, contribute to environmental challenges like air pollution and climate change which negatively impact ecosystems and agriculture, posing high risks to economic growth, according to the AMF.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Land cover alterations hindered growth:<\/strong> Land cover \u2014 the <a target=\"_blank\" href=\"https:\/\/oceanservice.noaa.gov\/facts\/lclu.html#:~:text=Land%20cover%20indicates%20the%20physical,land%20use%20trends%20and%20changes.\" style=\"\" rel=\"noopener\">type of physical land<\/a> on Earth\u2019s surface such as forests or open water \u2014 has changed significantly in the Arab region thus exacerbating climate change. The countries studied have reached a mean of 99.7 on the International Monetary Fund\u2019s <a target=\"_blank\" href=\"https:\/\/climatedata.imf.org\/datasets\/b1e6c0ea281f47b285addae0cbb28f4b_0\/explore\" style=\"\" rel=\"noopener\">climate altering land cover index<\/a> which equates a higher score with more land changes \u2014 such as increased urbanization and construction. Minimum and maximum levels were 75.9 and 111.8 respectively across Arab countries. Changes in land cover have been found to impact greenhouse gas (GHG) flow and increase atmospheric particle concentration, and <a target=\"_blank\" href=\"https:\/\/nca2018.globalchange.gov\/chapter\/5\/\" style=\"\" rel=\"noopener\">energy and water flows<\/a> which has a negative effect on economic growth.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Surface temperature had little impact<\/strong><strong>:<\/strong> The study found a negative correlation between surface temperature changes and economic growth rates in the selected Arab countries, which suggests that rising temperatures that are associated with severe weather events and rising sea levels could adversely affect sectors like agriculture, tourism, and insurance. The impact however was shown to be statistically insignificant due to the prevailing semi-arid to arid climate conditions in most of the countries studied. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>A<\/strong><strong>nd precipitation changes<\/strong><strong> also didn\u2019t make a dent: <\/strong>Annual precipitation \u2014 which were 340.6 mm per year with minimum and maximum values of 10.9 mm and 2761.3 mm respectively \u2014 had a positive but insignificant effect on economic growth, mainly due to the relatively low reliance on the agricultural sector in most Arab countries, particularly those in the GCC region.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Stronger efforts to mitigate climate change are needed for economic growth<\/strong><strong>:<\/strong>Addressing climate change's adverse effects is crucial for sustainable development. Policymakers should implement policies promoting renewable energy, eco-friendly transportation, afforestation, green building standards, and sustainable farming practices in the region, the report concluded.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emissions\/\">emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/macro-picture\/\">MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83105\" 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=\"83105\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/uaes-moei-partners-with-lootah-on-biofuels-development-oman-gears-up-for-a-mega-wind-tender\/\">\r\n                            UAE\u2019s MOEI partners with Lootah on biofuels development + Oman gears up for a mega wind tender      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<a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+MOEI+partners+with+Lootah+on+biofuels+development+%2B+Oman+gears+up+for+a+mega+wind+tender+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F19%2Fuaes-moei-partners-with-lootah-on-biofuels-development-oman-gears-up-for-a-mega-wind-tender%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\/19\/uaes-moei-partners-with-lootah-on-biofuels-development-oman-gears-up-for-a-mega-wind-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1480.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83106\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/uaes-moei-partners-with-lootah-on-biofuels-development-oman-gears-up-for-a-mega-wind-tender\/1480-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1480.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1480.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1480.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1480.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83105\" class=\"content-area-description single-story post-83105 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-biofuels tag-enterpriseclimate tag-evs tag-oman tag-renewables tag-uae 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\/.bf562aa5-d587-4e2b-bd61-80785ab965d7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">BIOFUELS-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><\/strong><strong>Lootah <\/strong><strong>+ UAE partner on biofuels: <\/strong>Lootah Biofuels and the UAE's Energy and Infrastructure Ministry signed an MoU to develop, promote, and deploy the use of biofuels in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lootah-biofuels-and-moei-sign-landmark-mou-to-accelerate-development-and-adoption-of-biofuels-in-uae-fbyn10n8\" style=\"\" rel=\"noopener\">statement<\/a>. Lootah and the ministry will collaborate on research and development efforts to establish a biofuels market in the country and exchange knowledge through workshops and seminars for industry stakeholders. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Not their first partnership: <\/strong>The ministry <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\">signed an agreement<\/a> with Lootah last month to collaborate on energy initiatives, promote the use of biofuels, raise awareness about sustainable fuel alternatives, and facilitate knowledge exchange in the biofuels sector. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">WIND-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Oman opens pre-qualification requests for 5 wind projects soon<\/strong><strong>:<\/strong> Oman\u2019s state-owned Nama Power and Water Procurement (<a target=\"_blank\" href=\"https:\/\/omanpwp.om\/new\/Default.aspx\" style=\"\" rel=\"noopener\">OPWP<\/a>) have begun pre-qualification procedures for the development of <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/opwp_highlights-of-the-five-wind-independent-power-activity-7175389389978562561-UbFr?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">five new independent power producer (IPP) wind projects<\/a> in Oman with a total capacity of over 1 GW, <a target=\"_blank\" href=\"https:\/\/www.omandaily.om\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9\/na\/%D9%86%D9%85%D8%A7%D8%A1-%D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%AA%D8%A8%D8%AF%D8%A3-%D9%81%D9%8A-%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%A3%D9%87%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D8%B3%D8%A8%D9%82-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%AD\" style=\"\" rel=\"noopener\">Oman Daily<\/a> reports.The invitation for pre-qualification is the prerequisite of an upcoming request for qualification (RfQ) that was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d201dbbf-5b57-48fa-aed6-ff2aa1d7a9da\" style=\"\" rel=\"noopener\">first reported<\/a> in August in OPWP\u2019s seven-year statement for 2023-2029, which noted that the RfQ be issued early 2024.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The projects:<\/strong><\/p>\n<ul>\n<li>A 234-270 MW wind farm in Duqm slated operations in 3Q 2027.<\/li>\n<li>A 91-105 MW wind farm in Jalaan Bani Bu Ali slated for operations in 1Q 2027. <\/li>\n<li>A 114-131 MW wind farm in Dhofar slated for operations in 2Q 2027. <\/li>\n<li>Two wind farms will be in Mahout (342-400 MW) and Sadah (81-99 MW) slated for operations in 4Q 2027. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">ENERGY STORAGE-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Nafath <\/strong><strong>partners with Takhzeen on energy storage: <\/strong>Oman's <a target=\"_blank\" href=\"https:\/\/www.nafath.com\/\" style=\"\" rel=\"noopener\">Nafath Renewable<\/a><a target=\"_blank\" href=\"https:\/\/www.nafath.com\/\" style=\"\" rel=\"noopener\">Energy Company<\/a> has signed an agreement with <a target=\"_blank\" href=\"https:\/\/takhzeenoman.com\/\" style=\"\" rel=\"noopener\">Takhzeen<\/a> to develop renewable energy storage projects in Oman, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/3gdzE\" style=\"\" rel=\"noopener\">Oman Daily<\/a> reports. Nafath has also signed an agreement with Serb Company to develop the digital infrastructure for solar energy stations to analyze, model, and maintain the stations.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Not Nafath\u2019s first venture: <\/strong>The company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/420a9b33-c3d4-49fa-88a9-c68f7f1ecad5\/lots-of-work-in-ksa.-plus:-money-for-morocco,-energy-storage-and-evs-in-oman\" style=\"\" rel=\"noopener\">signed an agreement<\/a> in January with Saudi Arabia's Forming Future to develop a solar thermal energy and storage project. The project aims to use stored solar thermal energy to produce electricity for more than 15 hours. The company has also signed an agreement with AlCrai Contracting Company to develop solar energy projects in the kingdom.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\">\n<p class=\"tag-border-left\">ELECTRIC VEHICLES-<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Al Maktoum Office is in Hong Kong:<\/strong> The Family Office of UAE\u2019s Sheikh Ali bin Rashed Al Maktoum has inaugurated a new family office in Hong Kong to run a fund of up to USD 500 mn and provide financing for companies across various sectors in Asia including electric vehicles and AI, Chairman Sheikh Ali Rashed Ali Saeed Al Maktoum and Vice Chairman Eleanor Mak told Bloomberg (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-03-18\/dubai-family-office-on-hong-kong-business-video\" style=\"\" rel=\"noopener\">watch, runtime 8:45<\/a>). No target size for investment tickets was disclosed.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The UAE and <\/strong><strong>Hong<\/strong><strong> Kong have been friendly for some time:<\/strong>The UAE and Hong Kong have had several <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/97f1b7ac-95b5-452f-bac5-2077918cd785\" style=\"\" rel=\"noopener\">talks<\/a> on collaboration in sustainability, smart city development, and technology. This most recent deal is a welcome investment for Hong Kong, which has signaled its need for foreign investment after international firms withdrew from the financial hub following the pandemic and tension between the US and China, the news outlet explains. Hong Kong has implemented policies to attract wealthy investors such as introducing tax and residency incentives.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Burjeel shooting for net zero by 2040:<\/strong> Burjeel Holdings has made a 2040 carbon neutrality pledge, with midterm targets of reducing Scope 1 and 2 emissions by 2024. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13tjk05-burjeel-holdings-announces-plan-become-carbon\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"83107\" 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=\"83107\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/norway-auctions-1-5-gw-wind-farm\/\">\r\n                            Norway auctions 1.5 GW wind farm                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/norway-auctions-1-5-gw-wind-farm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/norway-auctions-1-5-gw-wind-farm\/')\">\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\/19\/norway-auctions-1-5-gw-wind-farm\/\">\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=Norway auctions 1.5 GW wind farm&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/norway-auctions-1-5-gw-wind-farm\/\">\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\/19\/norway-auctions-1-5-gw-wind-farm\/&title=Norway auctions 1.5 GW wind farm\">\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=Norway+auctions+1.5+GW+wind+farm+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F19%2Fnorway-auctions-1-5-gw-wind-farm%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\/19\/norway-auctions-1-5-gw-wind-farm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1618.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83108\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/norway-auctions-1-5-gw-wind-farm\/1618-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1618.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1618.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1618.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1618.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83107\" class=\"content-area-description single-story post-83107 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-adani-green 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\/.1ef2bc13-89c7-4469-8b02-e551d6a94aca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Norway <\/strong><strong>to launch 1.5 GW wind farm:<\/strong> Norway has launched its first auction for the rights to build a commercial offshore wind farm with up to 1.5 GW of capacity, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/norway-holds-inaugural-offshore-wind-auction-amid-uncertainty-over-bids-2024-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes. The auction offers state support through a 15-year contract for difference (CfD) denominated in Norwegian \u00f8re (NOK) per kilowatt hour (kWh), capped at a total of NOK 23 bn (USD 2.17 bn). The prequalified contenders include major players like Equinor, RWE, Statkraft, Aker Offshore Wind, BP, Ventyr, Shell, and local Norwegian firms.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Adani remains committed to green growth: <\/strong>India\u2019s <a target=\"_blank\" href=\"https:\/\/www.adani.com\/\" style=\"\" rel=\"noopener\">Adani Group<\/a> reportedly plans to funnel 70% of its total investments into green energy with an earmarked investment of USD 14 bn pegged for the coming year, <a target=\"_blank\" href=\"https:\/\/www.aninews.in\/news\/national\/general-news\/adani-to-invest-70-pc-of-total-investments-in-green-energy-sources20240318062740\/\" style=\"\" rel=\"noopener\">ANI<\/a> reports. The conglomerate \u2014 which is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/504960d2-d042-44f4-a902-5dc80d318066\/us-sets-methane-emission-fines#:~:text=Adani%20to%20invest%20USD%2024%20bn%20in%20Gujarat%E2%80%99s%20green%20energy%20sector\" style=\"\" rel=\"noopener\">already investing heavily in green energy<\/a> \u2014 is currently working on the largest renewable energy park in the world and plans to use the investments, adding up to USD 100 bn over the next decade, to expand its work at airports and ports, its green hydrogen ecosystem, and green energy-powered data centers, according to a <a target=\"_blank\" href=\"https:\/\/www.adani.com\/Newsroom\/Media-Release\/Adani-portfolios-record-profit-growth-robust-credit-profile-set-stage\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>The news came ahead of a bribery scandal: <\/strong>Adani Group\u2019s stocks fell yesterday after news that the US is investigating allegations that affiliates bribed Indian officials to gain favor on an energy project, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-18\/some-adani-dollar-bonds-drop-most-in-over-6-months-on-us-probe\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The conglomerate has denied the allegations.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Vinfast founder unveils new EV charging station company: <\/strong>Pham Nhat Vuong, the founder of Vietnamese EV company VinFast, has launched V-Green, a global EV charging station company. V-Green aims to support Vinfast\u2019s EVs by developing a comprehensive charging network and to position Vietnam as a world leader in EV charging station density. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/global\/vinfast-founder-launches-global-ev-charging-stations-company-v-green-ih97a2rg\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>US\u2019s Constellation Energy issues USD 900 mn green bond to finance <\/strong><strong>nuclear energy:<\/strong> US-based energy company Constellation Energy has issued a 30-year USD 900 mn corporate green bond to fund the company's nuclear energy projects. Constellation currently generates electricity through nuclear, hydro, wind, and solar facilities, serving over 16 mn homes and businesses in the US. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/constellation-energy-issues-green-bond-worth-900-mln-fund-nuclear-energy-2024-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adani-green\/\">Adani Green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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=\"83109\" 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=\"83109\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/\">\r\n                            Electro-thermal batteries could beat out fossil fuel alternatives                        <\/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\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/\" 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\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/')\">\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\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/\">\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=Electro-thermal batteries could beat out fossil fuel alternatives&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/\">\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\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/&title=Electro-thermal batteries could beat out fossil fuel alternatives\">\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=Electro-thermal+batteries+could+beat+out+fossil+fuel+alternatives+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F19%2Felectro-thermal-batteries-could-beat-out-fossil-fuel-alternatives%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\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/215.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83110\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/electro-thermal-batteries-could-beat-out-fossil-fuel-alternatives\/215-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/215.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"215.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/215.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/215.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83109\" class=\"content-area-description single-story post-83109 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-decarbonization tag-enterpriseclimate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.ccd10d6e-8f4b-4655-b14c-e86f8f8bc9d3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Heat-based batteries have the potential to <\/strong><strong>power plants and factories and become the latest decarbonization technology to compete with fossil fuel<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a17961e3-3b5b-4007-8597-21c169748cbb\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reported earlier this week. The electro-thermal systems \u2014 made from rocks and bricks heated with electric coils \u2014 aim to tackle the significant challenge of heating industrial processes while cutting down carbon emissions.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Electro-thermal batteries rely on cheap electricity: <\/strong>These batteries can store cheap electricity during off-peak hours and then discharge heat over 18 hours, potentially cutting electricity costs by 30-40% from wholesale prices, FT writes. Their low-cost materials \u2014 EUR 15-20 per MWh compared to EUR 150 per MWh for electro-chemical batteries \u2014 and minimal energy loss make them competitive.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>There are still some challenges:<\/strong> Current models only reach 400\u00b0C degrees, limiting their market potential, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1550.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by certified B corp Systemiq. Additionally, Europe's electricity pricing mechanisms do not pass on the benefits of cheap peak renewable production and lower grid congestion.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83111\" 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=\"83111\">\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\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/\">\r\n                            The world\u2019s largest aircraft for wind turbine transportation is in development                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/')\">\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\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/\">\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 world\u2019s largest aircraft for wind turbine transportation is in development&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/\">\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\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/&title=The world\u2019s largest aircraft for wind turbine transportation is in development\">\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+world%E2%80%99s+largest+aircraft+for+wind+turbine+transportation+is+in+development+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F19%2Fthe-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development%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\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1658.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83112\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/19\/the-worlds-largest-aircraft-for-wind-turbine-transportation-is-in-development\/1658-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1658.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1658.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1658.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1658.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83111\" class=\"content-area-description single-story post-83111 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseclimate tag-on-your-way-out 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\/.565c3cf5-df83-4159-bf3e-ce583eddab48.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><\/strong><strong>Jumbo-sized wind turbine transport:<\/strong>US startup <a target=\"_blank\" href=\"https:\/\/radia.com\/\" style=\"\" rel=\"noopener\">Radia<\/a> is developing a new jumbo-sized plane \u2014 dubbed The WindRunner \u2014 to transport mega wind turbine blades to onshore wind farms in a bid to boost power generation capacity, according to the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/energy-oil\/how-the-worlds-biggest-plane-would-supersize-wind-energy-2f116e9b?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>. The company, led by MIT-trained rocket scientist and Rhode scholar Mark Lundstrom, says it is halfway through the development phase and has another four years to go until the plane is up in the skies. The Windrunner has already snagged its first customer and will be delivering turbines to a 1 GW project in Nevada once the plane is certified to fly.<\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>A flying behemoth: <\/strong>The WindRunner is 80 feet longer than the world\u2019s largest military aircraft and is designed to transport football field-sized turbine blades to hard to reach onshore locations. The plane can carry blades whose tips reach 300 feet higher than the current average, allowing for the production of twice as much energy as current onshore turbines do, WSJ writes. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Why is this important? <\/strong>Trains and trucks cannot carry wind turbine blades of this size, making them virtually impossible to transport to land locations. This limits their use to offshore projects using specialized vessels that face their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8cfa1b3a-c0f6-412a-9c7a-8503054b9488\" style=\"\" rel=\"noopener\">own<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8cfa1b3a-c0f6-412a-9c7a-8503054b9488\" style=\"\" rel=\"noopener\">set of<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8cfa1b3a-c0f6-412a-9c7a-8503054b9488\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8cfa1b3a-c0f6-412a-9c7a-8503054b9488\" style=\"\" rel=\"noopener\">challenges<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/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=\"83113\" 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\/19\/83113\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83113\" class=\"content-area-description single-story post-83113 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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Kingston, Jamaica. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">APRIL 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span>19 April (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;font-family:\" arial\";\"=\"\">, New York, US. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Mustac, Oman.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Oman International Exhibition Center, Muscat.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span>6-9 May (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;font-family:\" arial\";\"=\"\">Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">Algiers, Algeria. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Bali, Indonesia. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span>11-12 June (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;font-family:\" arial\";\"=\"\">, Tunis, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Washington DC, USA.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Dubai, UAE.  <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> production. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> EV charging stations installed. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">World Water Forum, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:400;font-family:\" arial\";\"=\"\">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;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";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;font-family:\" arial\";\"=\"\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span style=\"font-weight:700;font-family:\" arial\";\"=\"\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>More funding for Egypt\u2019s green transition | Masdar is reportedly eyeing an Indian acquisition | UAE and Lootah team up on biofuel development<\/p>\n","protected":false},"featured_media":83094,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-83093","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1155c484-d34b-4e36-af04-82a485f7b100","teaser":"More funding for Egypt\u2019s green transition | Masdar is reportedly eyeing an Indian acquisition | UAE and Lootah team up on biofuel development","photo_url":"https:\/\/ent.news\/2024\/2\/1101.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>Egypt secures USD 6 bn from World Bank with 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