{"id":83133,"date":"2024-03-20T00:00:00","date_gmt":"2024-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=83133"},"modified":"2025-12-15T10:32:26","modified_gmt":"2025-12-15T10:32:26","slug":"masdar-to-acquire-50-of-us-renewables-firm-terra-gen-power","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-to-acquire-50-of-us-renewables-firm-terra-gen-power\/","title":{"rendered":"Masdar to acquire 50% of US renewables firm Terra-Gen Power"},"content":{"rendered":"<section id=\"83135\" 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=\"83135\">\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\/20\/today-masdars-overseas-acquisition-train-rolls-on-indias-rana-group-eyes-egypt-green-hydrogen-sector\/\">\r\n                            TODAY: Masdar\u2019s overseas acquisition train rolls on + India\u2019s Rana Group eyes Egypt green hydrogen sector                        <\/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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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1162.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83136\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/today-masdars-overseas-acquisition-train-rolls-on-indias-rana-group-eyes-egypt-green-hydrogen-sector\/1162-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1162.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1162.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1162.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1162.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83135\" class=\"content-area-description single-story post-83135 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseclimate tag-kuwait tag-morocco tag-nuclear-energy tag-solar-energy 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\/.614fe9f0-4929-4549-8246-351ce21a5895.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>It\u2019s a busy morning with significant moves made by Masdar in its acquisition spree and a new player signaling interest in Egypt\u2019s green hydrogen sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/996.jpg?ssl=1\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- The World Meteorological Organization (WMO) has confirmed 2023 was the hottest year on record<\/strong>, with surface temperatures averaging 1.45\u00b0C above late 19th-century levels. A recently released WMO <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1728.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> highlights a series of shattered records including greenhouse gas pollution, ocean heat and acidification, and sea level rise. It also underscores the devastating impact of climate change on ecosystems, food systems, and human lives, particularly in Africa and South Asia, where millions face acute food insecurity. Despite these findings, the report offers some hope with the significant growth in renewable energy capacity, marking the highest increase in two decades. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2024\/mar\/19\/red-alert-last-year-was-hottest-year-ever-by-wide-margin-says-un-report\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/19\/earth-on-the-brink-of-a-key-warming-threshold-after-chart-busting-year.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.euronews.com\/green\/2024\/03\/19\/ocean-heat-sea-level-rise-and-glacier-loss-wmo-report-reveals-how-2023-smashed-climate-rec\" style=\"\" rel=\"noopener\">Euro News<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/un-sounds-red-alert-world-smashes-heat-records-2023-2024-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/wmo-un-climate-global-change-report-warming-2154285aabb0cf83dc9ca4015ea0016d\" style=\"\" rel=\"noopener\">AP News<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b2c6d439-de84-46aa-a57e-db64a959e4cd\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-19\/climate-change-speeds-up-as-major-indicators-blow-off-the-charts-wmo-warns\" style=\"\" rel=\"noopener\">Bloomberg<\/a> <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- Kuwait seeks approval for solar project:<\/strong> Kuwait\u2019s Ministry of Electricity, Water, and Renewable Energy has requested budget approval from the Ministry of Finance for a solar installation project totaling 34.6 MW, <a target=\"_blank\" href=\"https:\/\/www.arabtimesonline.com\/news\/mew-requests-budget-approval-for-34-6-mw-solar-installation-project\/\" style=\"\" rel=\"noopener\">Arab Times<\/a> reports, citing people it says have knowledge of the matter. The project \u2014 which will soon see a tender issued for its construction and implementation pending the budget\u2019s approval \u2014 aims to supply renewable energy to ten locations. No further details on the project were provided. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait is ramping up its solar tenders: <\/strong>Kuwait issued a Request for Qualification (RFQ) for its planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/94842140-7ebb-496b-b1b1-545effe8b071\" style=\"\" rel=\"noopener\">USD 3.9 bn 4 GW Shagaya solar power project<\/a> last year with plans for the final RFQ to be launched by mid-2024. The Kuwait Authority for Partnership Projects (KAPP) also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e7f7f54f-21df-43aa-8407-a8fe702c30d6\" style=\"\" rel=\"noopener\">invited global and local developers to bid<\/a> on the 1.1 GW third phase of the Al Dibdibah Power and the Shagaya project in January. Kuwait\u2019s government also recently wrapped two weeks of discussions with an undisclosed Chinese state-owned firm for the development of a planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b6203886-c1cc-42f0-a608-3eb5825ce1dd\" style=\"\" rel=\"noopener\">solar energy farm at the Al Shagaya Renewable Energy Park<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- Morocco is looking to build an experimental nuclear reactor<\/strong><strong>: <\/strong>Morocco is planning to build an experimental nuclear reactor with the help of Russian state-owned nuclear power company <a target=\"_blank\" href=\"https:\/\/www.rosatom.ru\/en\/\" style=\"\" rel=\"noopener\">Rosatom<\/a> to power its growing demand for desalination, Spanish news outlet <a target=\"_blank\" href=\"https:\/\/www.larazon.es\/economia\/marruecos-apuesta-energia-atomica_2024031465f307b5d3310300014e7f09.html\" style=\"\" rel=\"noopener\">La Razon<\/a> reported last week, citing comments made by the Ambassador of Morocco to Austria Azzedine Farhan. As Morocco\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0216113d-cbbd-4906-ab8b-5a2a571d5679\/today:-acwa-power-inks-agreement-for-800-mw-hybrid-energy-project-%2B-us%25e2%2580%2599-cummins-agrees-to-pay-fine-for-emissions-violation\" style=\"\" rel=\"noopener\">drought conditions worsen<\/a>, the demand for water desalination \u2014 and therefore the demand for energy \u2014 are increasing significantly, leading the country to look for alternative sources of power including nuclear, experts say.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Rosatom has been <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3060f39-7278-4011-a16f-dd881bbc69f8\/today:-dubai-islamic-bank%25e2%2580%2599s-maiden-green-sukuk-issue-is-nearly-2x-oversubscribed-%2B-uae-passes-a-law-to-regulate-renewable-energy-distribution-%2B-a-low-low-cost-tech-for-zero-emissions-hydrogen-production%3F#:~:text=Russia%20is%20eyeing%20more%20nuclear%20on%20the%20continent%3A\" style=\"\" rel=\"noopener\">eyeing the region<\/a><\/strong><strong> for a while: <\/strong>The Russian nuclear giant has conducted several talks with African countries and expects to see demand for nuclear energy rise from \u201cnewcomer countries.\u201d In Egypt, they\u2019re already working on the Dabaa nuclear power plant\u2019s fourth and final reactor and recently inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f796cdf4-edaf-40d9-a099-c766491b9225\/ifc-opens-access-to-its-ai-powered-esg-market-analysis-platform-malena#:~:text=Russia%20and%20Egypt%20ink%20uranium%20supply%20agreement%3A\" style=\"\" rel=\"noopener\">uranium supply agreement<\/a> with the government. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3- Big Oil coalition to extend methane detection to emerging <\/strong><strong>countries: <\/strong>The Oil and Gas Climate Initiative (OGCI) \u2014 which includes Aramco \u2014 is extending a <a target=\"_blank\" href=\"https:\/\/www.ogci.com\/news\/ogci-accelerates-action-to-tackle-global-oil-and-gas-methane-emissions\" style=\"\" rel=\"noopener\">satellite-based methane detection campaign<\/a> to over seven emerging economies, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ec4c8f11-c520-4cdc-a663-3ca8124041d9\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reports. The initiative follows the discovery of 26 significant methane leaks across Kazakhstan, Egypt, and Algeria. OGCI's efforts have already helped operators in Kazakhstan and Algeria block three major leaks, effectively cutting emissions equivalent to the carbon output of nearly 4k petrol cars per hour. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The challenges: <\/strong>Only 15 of the 26 identified methane sources were confirmed by ground operators, and many leaks require further action, the report adds. One <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1696.pdf\" style=\"\" rel=\"noopener\">OGCI report (pdf)<\/a> emphasizes the need for collaborative engagement with national oil companies and joint venture partners to address <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2023\/jul\/09\/gas-flaring-and-venting-wastes-resources-and-heats-the-planet-it-must-be-curbed\" style=\"\" rel=\"noopener\">venting, flaring<\/a>, and leaks from fossil fuel infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Methane emissions from the energy sector remained <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bee83423-dfc0-4e74-a680-cbf4d2803e0b\/fossil-fuel-firms-must-reduce%253cmark%253e-methane-%253c%2Fmark%253eintensities-to-meet-global-climate-targets,-iea-says\" style=\"\" rel=\"noopener\">near a record high<\/a><\/strong><strong> in 2023: <\/strong>The production and use of fossil fuels resulted in around 120 mn tons (Mt) of methane emissions in 2023 while a further 10 Mt came from bioenergy. This is around the same level of methane emissions since it peaked in 2019 which is too high to meet the world's emission goals. The energy sector accounts for more than one third of total methane emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Experts \u201cbewildered\u201d by UN\u2019s omission of meat alternatives<\/strong><strong>: <\/strong>The UN\u2019s Food and Agriculture Organization\u2019s (FAO) is facing backlash from academic climate experts for omitting guidelines for the reduction of meat and dairy consumption in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1705.pdf\" style=\"\" rel=\"noopener\">COP28 roadmap (pdf)<\/a> on climate change and food insecurity, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2024\/mar\/18\/bewildering-to-omit-meat-eating-reduction-from-un-climate-plan\" style=\"\" rel=\"noopener\">The Guardian<\/a> reports, citing <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1697.pdf\" style=\"\" rel=\"noopener\">commentary (pdf)<\/a> published in Nature Food journal. The UN failed to highlight the importance of alternative proteins \u2014 such as plant-based meat \u2014 in reducing the impact of livestock on the environment which is \u201cone of the clearest interventions,\u201d commentary author Cleo Verkuijl told the Guardian. Instead, the FAO highlighted suggestions for efficiency in animal farming and switching from beef to chicken, which could lead to increased risks of disease, the experts added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Experts are not backing down: <\/strong>Academics criticizing the FAO are calling for more transparency regarding the roadmap\u2019s future updates and are demanding the inclusion of research-backed recommendations, the news outlet said, citing another of the commentary\u2019s authors Matthew Hayek. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first time FAO ignores science:<\/strong> Former FAO officials claimed that the FAO disregarded their comments on the contribution of methane coming from livestock to global warming <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2023\/oct\/20\/the-anti-livestock-people-are-a-pest-how-un-fao-played-down-role-of-farming-in-climate-change\" style=\"\" rel=\"noopener\">back in October<\/a>. FAO claimed, without providing evidence, that plant-based meats had \u201cnutritional deficiencies\u201d, according to the authors of the commentary.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#5- Mitsubishi + TotalEnergies form a coalition on electric natural <\/strong><strong>gas:<\/strong> Eight major companies including Japan\u2019s Mitsubishi Corporation and France's energy giant TotalEnergies have established an international coalition aimed at promoting the development and production of electric natural gas (e-NG), according to a <a target=\"_blank\" href=\"https:\/\/www.mitsubishicorp.com\/jp\/en\/pr\/archive\/2024\/html\/0000053421.html\" style=\"\" rel=\"noopener\">press release<\/a>. The other members are France\u2019s <a target=\"_blank\" href=\"https:\/\/www.engie.com\/en\" style=\"\" rel=\"noopener\">Engie<\/a>, Japan\u2019s <a target=\"_blank\" href=\"https:\/\/www.osakagas.co.jp\/en\/\" style=\"\" rel=\"noopener\">Osaka Gas<\/a>, <a target=\"_blank\" href=\"https:\/\/www.tokyo-gas.co.jp\/language\/index.html\" style=\"\" rel=\"noopener\">Tokyo Gas<\/a> and <a target=\"_blank\" href=\"https:\/\/www.tohogas.co.jp\/lang\/en\/\" style=\"\" rel=\"noopener\">Toho Gas<\/a> US\u2019 <a target=\"_blank\" href=\"https:\/\/semprainfrastructure.com\/\" style=\"\" rel=\"noopener\">Sempra Infrastructure<\/a>, and Belgium\u2019s <a target=\"_blank\" href=\"https:\/\/tes-h2.com\/\" style=\"\" rel=\"noopener\">TES<\/a>. The alliance will officially launch later this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is e-NG?<\/strong> e-NG is a <a target=\"_blank\" href=\"https:\/\/tes-h2.com\/green-cycle\/step-3-e-ng\" style=\"\" rel=\"noopener\">sustainable synthetic methane<\/a> created by combining green hydrogen with recycled CO2 creating a scalable, green solution for its fossil fuel alternative. It can be transported and stored using existing infrastructures such as natural gas pipelines given that it is identical to natural gas on a molecular level and blends easily into the existing energy mix. The gas can also power ships and factories. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>Prices <\/strong><strong>of solar panels are likely to remain low for the next two years,<\/strong> the <a target=\"_blank\" href=\"https:\/\/mpia.org.my\/\" style=\"\" rel=\"noopener\">Malaysian<\/a><a target=\"_blank\" href=\"https:\/\/mpia.org.my\/\" style=\"\" rel=\"noopener\">Photovoltaic Industry Association<\/a> President Davis Chong told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/solar-panel-prices-remain-low-up-two-years-says-industry-exec-2024-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The recent decline in solar panel prices \u2014 which dropped by nearly 50% last year \u2014 is attributed to an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e08a588-1d47-454e-9cb2-a64b30187193\/today:-more-funding-for-egypt%25e2%2580%2599s-green-transition-%2B-masdar-is-reportedly-eyeing-an-indian-acquisition\" style=\"\" rel=\"noopener\">oversupply in the market<\/a> which has reached double the demand of solar panels. Manufacturers \u2014 particularly in Malaysia which stands as the third largest producer of solar photovoltaic modules \u2014 are slowing down expansion plans to adjust to this new market reality, Chong said, adding that. supportive policies could help ease this trend to support a more sustainable energy future. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looks like China\u2019s the only one that\u2019s riding it out:<\/strong> The competitive advantage held by Chinese manufacturers \u2014 who produce 80% of the global consumption \u2014 has helped them gain an advantage over global competitors in Europe and the US, despite its panel prices also dropping by around 42%. US tax credits on American equipment manufacturing will not challenge China's dominance in the solar manufacturing sector, Chong believes. As a result of price pressures from Chinese imports, multiple European solar manufacturers have recently announced plans to shut down factories, the news outlet notes.<\/p>\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP28\u2019s goal to triple renewables might be out of reach<\/strong><strong>: <\/strong>Despite 2023 breaking records in renewables development, the world is falling behind in achieving COP28\u2019s energy transition goal to triple renewable power capacity by 2030, a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1688.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> published by the International Renewable Energy Agency (Irena) concluded. The world will continue to be behind on its climate goals unless major policy and investment changes are made, Irena warned. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What would these changes entail? <\/strong>A renewables capacity of 1.1k GW is required to be installed annually by 2030 \u2014 double the highest capacity reached in 2023 \u2014 while annual investments in renewables must increase to USD 1.55 tn, up from 2023\u2019s USD 570 bn until 2030, an Irena <a target=\"_blank\" href=\"https:\/\/www.irena.org\/News\/pressreleases\/2024\/Mar\/COP28-Goal-of-Tripling-Renewables-Feasible-Only-with-Urgent-Global-Course-Correction\" style=\"\" rel=\"noopener\">press release<\/a> says. Policy and regulations must advance to allow targeted investments, the necessary infrastructure must be built, and policy makers need to extend their focus to socio-economic implications, the presser added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The IEA saw this coming:<\/strong> The International Energy Agency (IEA) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/478d9379-b94d-437f-9aad-001496706395\/mena%25e2%2580%2599s-renewable-energy-performance-will-surge-over-the-next-five-years,-iea-says\" style=\"\" rel=\"noopener\">anticipated<\/a> that the world would fall short of its goal to triple renewables by 2030 despite a predicted surge in global renewable energy capacity to 7.3 TW by 2028. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 9am Cairo \/ 10am Riyadh \/ 11am UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong><a target=\"_blank\" href=\"http:\/\/www.enterprise.news\" style=\"\" rel=\"noopener\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, Enterprise Climate, Enterprise Logistics, and The Weekend Edition on our powerful new website packed with reader-friendly features. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Were you forwarded this email? <strong>Get your own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/climate\/en\/user\/NewsLetters\" style=\"\" rel=\"noopener\">subscription without charge here<\/a><\/strong> or reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\" rel=\"noopener\">World Future Energy Summit<\/a><\/strong><strong> from Tuesday, 16 April to Thursday, <\/strong><strong>18 April <\/strong>in Abu Dhabi. The summit will address solutions for development in the transformation of future energy systems. The summit will also feature discussions on recycling, waste-to-energy, and air-to-water trends and progressions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\" rel=\"noopener\">Connecting Green Hydrogen MENA<\/a><\/strong><strong> event from Tuesday, 23 <\/strong><strong>April to Thursday, 25 April<\/strong> in Dubai. The event will explore green hydrogen partnerships, policies, and practices in the region, in parallel to a showcasing of the latest in the clean fuel\u2019s technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.omansustainabilityweek.com\/\" style=\"\" rel=\"noopener\">Oman Sustainability Week<\/a><\/strong><strong> from Sunday, 28 April to Thursday, <\/strong><strong>2 May <\/strong>in Muscat. The event will focus on exploring investment opportunities and implementing best practices in sustainability within the energy, water, and environmental sectors.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">The Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May <\/strong>in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83137\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83138\" 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=\"83138\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/masdar-to-acquire-50-of-us-renewables-firm-terra-gen-power\/\">\r\n                            Masdar to acquire 50% of US renewables firm Terra-Gen Power                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/masdar-to-acquire-50-of-us-renewables-firm-terra-gen-power\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The value of the stake \u2014 which was purchased from <a target=\"_blank\" href=\"https:\/\/www.ecpgp.com\/\" style=\"\" rel=\"noopener\">Energy Capital Partners (ECP)<\/a> \u2014 was not disclosed and the acquisition will be finalized by the end of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who owns what? <\/strong>Masdar will fully acquire ECP\u2019s shares in Terra-Gen while infrastructure investment manager <a target=\"_blank\" href=\"https:\/\/www.igneoip.com\/europe\/en\/institutional.html\" style=\"\" rel=\"noopener\">Igneo Infrastructure Partners<\/a> will keep its 50% stake in the company which it acquired in 2020.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar already has a foothold in the US:<\/strong> Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59b4a267-1bf8-4b47-86c2-4f3ba414b46c\/masdar-nabs-50%2525-stake-in-edf-renewables%25e2%2580%2599-california%253cmark%253e-big-beau-%253c%2Fmark%253esolar-plant\" style=\"\" rel=\"noopener\">finalized its acquisition<\/a> of a 50% share in EDF Renewables North America\u2019s 128 MW Big Beau solar plant in California last year. In 2020, Masdar and EDF inked an agreement to jointly co-develop eight US-based renewables plants that would yield a total of 1.6 GW including three wind farms in Nebraska yielding a combined 815 MW and five solar farms \u2014 including the newly acquired Big Beau plant \u2014 generating some 690 MW of clean energy. The company\u2019s portfolio in the US <a target=\"_blank\" href=\"https:\/\/masdaramericas.com\/projects-listing\" style=\"\" rel=\"noopener\">currently consists<\/a> of four wind projects in Texas and New Mexico and five solar projects in California. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s overseas portfolio is expanding: <\/strong>The renewables giant reached financial close on EUR 488 mn in funding to secure its 49% acquisition of the 476 MW Baltic Eagle wind farm off the coast of Germany <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/102b9bd5-15cc-47fa-a558-215dbc97601d\/masdar-secures-eur-488-mn-financing-package-for%253cmark%253e-baltic-eagle-%253c%2Fmark%253eacquisition\" style=\"\" rel=\"noopener\">earlier this week<\/a>. Masdar is also eyeing an undisclosed stake in Turkish wind producer Fiba Yenilenebilir Enerji and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/1155c484-d34b-4e36-af04-82a485f7b100\/egypt-secures-usd-6-bn-from-world-bank-with-support-for-green-transition\" style=\"\" rel=\"noopener\">a majority stake<\/a> in India\u2019s Ayana Renewable Power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Terra-Gen Power:<\/strong> Established in 2007, <a target=\"_blank\" href=\"https:\/\/terra-gen.com\/our-mission\/\" style=\"\" rel=\"noopener\">Terra-Gen<\/a> is a leading independent provider of end-to-end renewable project development, financing and operating capabilities. Terra-Gen currently operates approximately 2.4 GW of wind and solar, and 5.1 GWh of energy storage facilities across 32 renewable power sites.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>BMO Capital Markets and JP Morgan are serving as financial advisors and White & Case and Covington & Burling are serving as legal advisors to Masdar. Lazard and Guggenheim Securities are serving as financial advisors and Latham & Watkins is serving as legal advisor to Terra-Gen.<\/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=\"83140\" 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=\"83140\">\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 HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/indias-rana-group-want-to-set-up-a-green-hydrogen-project-in-egypt\/\">\r\n                            India\u2019s Rana Group want to set up a green hydrogen project in Egypt                        <\/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\/20\/indias-rana-group-want-to-set-up-a-green-hydrogen-project-in-egypt\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=India%E2%80%99s+Rana+Group+want+to+set+up+a+green+hydrogen+project+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F20%2Findias-rana-group-want-to-set-up-a-green-hydrogen-project-in-egypt%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\/20\/indias-rana-group-want-to-set-up-a-green-hydrogen-project-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1747.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83141\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/indias-rana-group-want-to-set-up-a-green-hydrogen-project-in-egypt\/1747-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1747.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1747.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1747.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1747.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83140\" class=\"content-area-description single-story post-83140 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-egypt tag-enterpriseclimate tag-evs tag-green-hydrogen tag-mining 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\/.51f64fd6-8a8c-4c7c-b595-8a4e98de6168.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Another green hydrogen project for Egypt?<\/strong> Indian construction, engineering, and manufacturing firm <a target=\"_blank\" href=\"https:\/\/www.ranagroup.in\/\" style=\"\" rel=\"noopener\">Rana Group<\/a> is looking to set up a green hydrogen project in Egypt with investments totaling USD 12 bn over the life of the project, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ecs.gov.eg\/posts\/pfbid0zhCHDhh2wYfftdQ8JkKYgikcqJMYHe2WM3pMHX8bEipP3Qiua24HKcjXcxKkXkPbl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But that\u2019s not all: <\/strong>Rana also wants to work with the Egyptian government to start manufacturing EVs and providing satellite services to aid the agriculture, mining, and energy sectors in Egypt as part of its plan to expand into Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt loves green hydrogen: <\/strong>Renewable energy and especially green hydrogen targets have been central to the economic strategy for Egyptian President Abdel Fattah El Sisi\u2019s third term, which outlines plans to turn Egypt into a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15d6f791-948f-4bbb-9bd3-3ddb57475e44\/a-whole-lot-of-green-ambitions-for-el-sisi%25e2%2580%2599s-new-term\" style=\"\" rel=\"noopener\">regional hub for green hydrogen<\/a> production by 2026 and a global hub by 2030. The country aims to produce 3.2 mn tons of green hydrogen per year by 2029 and 9.2 mn tons per year by 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sector is gaining momentum: <\/strong>Last month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a033678-0ac6-4fac-b245-7d9b9e33cca8\" style=\"\" rel=\"noopener\">Egypt inked seven MoUs<\/a> with international and local companies to develop green hydrogen and renewable energy projects worth USD 41 bn in the Suez Canal Economic Zone over the next ten years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ball has been rolling a while: <\/strong>Egypt inked framework agreements <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f2251cd-82db-4ba9-9ef9-b1287b0bef1f\" style=\"\" rel=\"noopener\">worth a combined USD 83 bn<\/a> during 2022\u2019s COP27 in Sharm El Sheikh with international companies to construct nine green hydrogen and ammonia facilities in the SCZone. The facilities would collectively produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year when fully operational.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Incentives, incentives, incentives: <\/strong>Companies that implement green hydrogen projects within five years will receive <a target=\"_blank\" href=\"https:\/\/enterprise.news\/en\/egypt\/news\/story\/b6146e4d-54ba-4e60-8a6c-3a934881b5ab\" style=\"\" rel=\"noopener\">tax breaks of 33-50%<\/a> on income and pay no VAT on raw materials, plant and machinery bought for the plants. <\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/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=\"83142 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=\"83142\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/83142\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83142\" class=\"content-area-description single-story post-83142 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83143\" 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=\"83143\">\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\">MINING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/\">\r\n                            Saudi launches incentive program for mining critical minerals                        <\/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\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/\" 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\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/')\">\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\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/\">\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=Saudi launches incentive program for mining critical minerals&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/\">\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\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/&title=Saudi launches incentive program for mining critical minerals\">\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=Saudi+launches+incentive+program+for+mining+critical+minerals+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F20%2Fsaudi-launches-incentive-program-for-mining-critical-minerals%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\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1766.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83144\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/saudi-launches-incentive-program-for-mining-critical-minerals\/1766-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1766.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1766.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1766.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1766.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83143\" class=\"content-area-description single-story post-83143 post type-post status-publish format-standard has-post-thumbnail hentry category-mining tag-critical-minerals tag-enterpriseclimate tag-mining tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.1f4fa647-d637-48ac-9438-37b782c26a94.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi Arabia has unveiled a fresh incentives package worth SAR 685 mn to <\/strong><strong>boost mineral exploration in the kingdom<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/mimgov\/status\/1770041100469682623?s=20\" style=\"\" rel=\"noopener\">post on X<\/a>. The program is being rolled out as a collaboration between the country\u2019s The Industry and Mineral Resources Ministry and the Investment Ministry and aims to reduce early-stage risk for exploration companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ironing out the details: <\/strong>Companies with valid exploration licenses of under five years could unlock up to SAR 7.5 mn for each license, according to the ministry. Each firm can qualify for up to 15 licenses in accordance with the program\u2019s terms and conditions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was in the works:<\/strong> KSA\u2019s Industry and Mineral Resources Ministry <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/saudi-arabia-allocates-182-mln-mineral-exploration-incentives-mining-minister-2024-01-10\/\" style=\"\" rel=\"noopener\">announced plans<\/a> for the mineral exploration incentive program earlier this year as part of efforts to expand the sector and tap reserves of gold, phosphate and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s eligible:<\/strong> Companies prospecting for critical minerals including copper, lithium nickel and rare earth minerals (REE), according to the ministry\u2019s <a target=\"_blank\" href=\"https:\/\/taadeen.sa\/exploration-incentive\" style=\"\" rel=\"noopener\">mining platform Taadeen<\/a>. Activities should also be focused on underexplored regions. Preference will go to companies that build local talent and that have track records in greenfield exploration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The policy context: <\/strong>The nation\u2019s untapped mineral resources are now worth as much as USD 2.5 tn, or 90% more than the last forecast in 2016, officials said <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=07b1f46bbe&e=8e5fca127e\" style=\"\" rel=\"noopener\">earlier in January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">JEDDAH + LONDON METAL EXCHANGE<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Jeddah could become a regional hub for trade in copper and zinc after the London Metal Exchange<\/strong> (LME) said it plans to list the city as a delivery point for the metals, according to a <a target=\"_blank\" href=\"https:\/\/www.lme.com\/en\/News\/Press-releases\/2024\/LME-proposes-new-warehouse-location-in-Jeddah\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The LME said the listing is subject to consultation on a technical change to its warehouse location framework. Jeddah would serve the Middle East, North and East Africa region, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cSaudi Arabia is an increasingly important global metals hub, and Jeddah fully meets with the operational and logistical criteria for new warehouse locations \u2013 such as being an important area of net consumption and having an effective transport network,\u201d LME CEO Matthew Chamberlain said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> Consultation on the proposal which would see relevant stakeholders amending a general clause in the LME\u2019s policy on the approval of locations as delivery points related to warehouse insolvency. It aims to clarify \u201cthat some jurisdictions may require a court order to allow the withdrawal of metal\u201d in case of warehouse operator insolvency. If passed, Jeddah will become an active delivery point after three months of approval for setting up the first warehouse company in the site.<\/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\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83145\" 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=\"83145\">\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\">POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/the-uae-approves-a-national-biofuels-policy\/\">\r\n                            The UAE approves a national biofuels policy                        <\/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\/20\/the-uae-approves-a-national-biofuels-policy\/\" 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\/20\/the-uae-approves-a-national-biofuels-policy\/')\">\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\/20\/the-uae-approves-a-national-biofuels-policy\/\">\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 UAE approves a national biofuels policy&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/the-uae-approves-a-national-biofuels-policy\/\">\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\/20\/the-uae-approves-a-national-biofuels-policy\/&title=The UAE approves a national biofuels policy\">\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+UAE+approves+a+national+biofuels+policy+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F20%2Fthe-uae-approves-a-national-biofuels-policy%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\/20\/the-uae-approves-a-national-biofuels-policy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1692.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83146\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/the-uae-approves-a-national-biofuels-policy\/1692-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1692.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1692.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1692.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1692.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83145\" class=\"content-area-description single-story post-83145 post type-post status-publish format-standard has-post-thumbnail hentry category-policy tag-biofuels tag-climate-policy tag-enterpriseclimate tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.136a4754-26c4-4026-8cea-06ebae4e45ca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has given the green light to the National Policy on Biofuels in efforts to boost <\/strong><strong>the production and consumption of locally produced biofuels<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/uaecabinet.ae\/en\/details\/news\/mohammed-bin-rashid-chairs-uae-cabinet-meeting-reviewing-accomplishments-of-industrial-sector-initiatives-supporting-labour-market\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes on the heels of the country joining the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/88b83a90-d902-4c43-8296-4ea996a89b52\/uae-joins-newly-established-global-biofuels-alliance-to-accelerate-biofuels-deployment\" style=\"\" rel=\"noopener\">Global Biofuels Alliance<\/a> last July and witnessing a steady growth in its biofuels sector <a target=\"_blank\" href=\"https:\/\/www.meed.com\/uae-backs-use-of-biofuels\/\" style=\"\" rel=\"noopener\">since 2015<\/a>. The framework for the policy has yet to be published online. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know so far:<\/strong> The policy will introduce a regulatory framework for biofuel distribution, set benchmarks for biofuel production and usage, enforce production standards and mandates for the fuel within the nation. It will also help regulate biofuel trade operations, define uniform biofuel specifications, and oversee production and commerce.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biofuels production is already heating up: <\/strong>UAE\u2019s Circular Economy Council inaugurated Dubai-based <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0182aa23-c6df-4c01-ab31-5db1f7b9e22e\/dubai%25e2%2580%2599s-lootah-biofuels-plant-comes-online\" style=\"\" rel=\"noopener\">Lootah Biofuels<\/a>\u2019 cooking oil reprocessing plant with a capacity of 100 tons per day in 2022. Tadweer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/37f9e2c5-6143-4b86-ae8a-e0f88c5da13c\/uae%25e2%2580%2599s-tadweer-and-austria%25e2%2580%2599s-omv-join-forces-on%253cmark%253e-biofuel-%253c%2Fmark%253eproduction\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Austria\u2019s OMV last year to explore investments in biofuels and biowaste production in the country and BP <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/65ae4348-b5f2-4c24-b416-a772c4b76c6b\/bp-invests-usd-10-mn-in-us-startup-planning-a-uae-based-biofuels-plant\" style=\"\" rel=\"noopener\">invested USD 10 mn<\/a> in US startup WasteFuel to support the establishment of a UAE-based biofuels plant. Adnoc Distribution said it is planning to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0061d21d-9fca-4de1-8db0-fe232023f0e2\/adnoc-debuts-the-region%25e2%2580%2599s-first-high-speed-green-hydrogen-pilot-refueling-station\" style=\"\" rel=\"noopener\">supply biofuel to its business-to-business (B2B) customers<\/a> back in November, and more recently, Lootah Biofuels and the UAE's Energy and Infrastructure Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/070facb2-6aa1-442f-8bf3-40051cc02ce1\/uae%25e2%2580%2599s-moei-partners-with-lootah-on-biofuels-development-%2B-oman-gears-up-for-a-mega-wind-tender\" style=\"\" rel=\"noopener\">signed an MoU<\/a> to develop, promote, and deploy the use of biofuels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And biofuels trading is gaining traction: <\/strong>Swiss-based Vitol Bunkers made its first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0216113d-cbbd-4906-ab8b-5a2a571d5679\/today:-acwa-power-inks-agreement-for-800-mw-hybrid-energy-project-%2B-us%25e2%2580%2599-cummins-agrees-to-pay-fine-for-emissions-violation\" style=\"\" rel=\"noopener\">biofuels delivery back in December<\/a>, sourced from its UAE-based refinery in Fujairah. Emirati logistics giant DP World inked an agreement with Singapore-based shipping company Pacific International Lines to develop green solutions for global supply chains including powering vessels <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1ddd3d0-43d9-40f7-aebb-4519f739265d\/a-productive-cop28-for-jordan-%2B-acwa-power-will-build-indonesia%25e2%2580%2599s-largest-green-hydrogen-facility\" style=\"\" rel=\"noopener\">using biofuel blends<\/a> on the sidelines of COP28. Ethiopia and the UAE\u2019s Adnoc also signed a letter of intent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0a4af5e5-cce7-4b26-b6df-540a96e500d3\/masdar-inks-roadmap-agreement-for-500-mw-solar-projects-in-ethiopia\" style=\"\" rel=\"noopener\">to expand cooperation in biofuel feedstock production<\/a>, carbon credit generation, and agriculture in August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Lootah is leading the push: <\/strong>Establishing a binding biofuel blend law \u2014 which would force companies to have a minimum share of biofuels in its energy mix \u2014 would aid in decarbonizing hard-to-abate sectors including aviation, marine, and heavy-duty transport, which consume high-energy-density fuels, Lootah CEO Yousif Saeed <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/realistic-benefits-mandatory-biofuel-blends-uae-yousif-saeed-lootah\/\" style=\"\" rel=\"noopener\">said<\/a> last October. This is especially important given that other green alternatives that can power aircrafts, ships, or heavy machinery like hydrogen, require expensive infrastructure and are still in the early phases, Saeed explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biofuel blending could boost waste management: <\/strong>Investing in biofuels can also boost <a target=\"_blank\" href=\"https:\/\/www.epa.gov\/agriculture\/agriculture-and-biofuels\" style=\"\" rel=\"noopener\">agriculture<\/a> and food and beverage industries by transforming by-products into energy sources, Saeed said. Combined with government recycling incentives, a biofuel blending mandate would promote a circular economy leading to <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S2772801323000180\" style=\"\" rel=\"noopener\">better waste management<\/a> (given that biofuels are produced from waste like manure, organic refuse, and spent cooking oil) and energy security. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biofuels will be traded on a UAE-based carbon exchange soon: <\/strong><a target=\"_blank\" href=\"https:\/\/www.adgm.com\/\" style=\"\" rel=\"noopener\">The Abu Dhabi Global Market (ADGM)<\/a> is the first authority to classify biofuel contracts under the category of environmental financial instruments and to authorize the operation of exchanges and clearing houses for both immediate and futures trading of biofuels, according to the Abu Dhabi-based carbon certificates trading exchange <a target=\"_blank\" href=\"https:\/\/acx.ae\/biofuels-regulation\/\" style=\"\" rel=\"noopener\">AirCarbon Exchange<\/a> (ACX). ADGM awarded the <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-acquires-stake-worlds-first-fully-regulated-carbon-exchange\" style=\"\" rel=\"noopener\">Mubadala-backed ACX<\/a> \u2014 which currently stands as the world's first regulated carbon exchange \u2014 a license to allow the exchange to trade <a target=\"_blank\" href=\"https:\/\/acx.ae\/biofuels-regulation\/\" style=\"\" rel=\"noopener\">biofuel contracts<\/a> globally in 2022.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-policy\/\">CLIMATE POLICY<\/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=\"83147\" 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=\"83147\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/\">\r\n                            Tunisia partners with Japan on low-carbon energy and productivity improvement                        <\/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\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/\" 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\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/')\">\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\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Tunisia partners with Japan on low-carbon energy and productivity improvement&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/\">\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\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/&title=Tunisia partners with Japan on low-carbon energy and productivity improvement\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Tunisia+partners+with+Japan+on+low-carbon+energy+and+productivity+improvement+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F20%2Ftunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement%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\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1780.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83148\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/tunisia-partners-with-japan-on-low-carbon-energy-and-productivity-improvement\/1780-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1780.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1780.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1780.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1780.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83147\" class=\"content-area-description single-story post-83147 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-enterpriseclimate tag-masdar tag-renewables tag-tunisia tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.46799ed6-2cb2-4bf1-b56f-ce069af155f6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisia signed two agreements with the Japan International Cooperation Agency (JICA) <\/strong><strong>for projects related to low-carbon energy and productivity improvement<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17255654-tunisia-jica-sign\" style=\"\" rel=\"noopener\">TAP<\/a> reported. These projects aim to extend Kaizen practices \u2014 a Japanese business philosophy that strives for continuous improvement of operations \u2014 in Tunisia and enhance the Tunisian Company of Electricity and Gas (STEG)'s capacity to manage the national grid amid increasing renewable energy integration. Japanese experts will work with Tunisian counterparts to transfer technology and knowledge, with completion expected by mid-2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE and Angola discuss renewable energy cooperation:<\/strong> UAE President Sheikh Mohamed bin Zayed Al Nahyan and Angolan President Jo\u00e3o Manuel Gon\u00e7alves Louren\u00e7o met in Abu Dhabi on Monday to discuss opportunities for cooperation in several fields including renewable energy, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b27fkpq-uae-and-angolan-presidents-discuss-enhancing\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the UAE\u2019s first ambitions for the continent: <\/strong>The UAE\u2019s Masdar signed an agreement with Angola\u2019s Energy and Water Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48d8b583-0313-4a09-9f1c-7a8786be6a6c\/masdar-signs-a-spate-of-agreements-in-a-renewables-energy-swoop-%2B-scatec-and-amea-power-expand-their-presence-regionally-and-abroad\" style=\"\" rel=\"noopener\">last December<\/a> to develop a 150 MW onshore solar power plant in line with the country\u2019s 10 bn Africa Green Investment Initiative.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/tunisia\/\">Tunisia<\/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=\"83149\" 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=\"83149\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/egypt-gets-two-new-recycling-factories-ebrd-launches-climate-change-innovation-programme-initiative\/\">\r\n                            Egypt gets two new recycling factories + EBRD launches Climate Change Innovation Programme initiative                        <\/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\/20\/egypt-gets-two-new-recycling-factories-ebrd-launches-climate-change-innovation-programme-initiative\/\" 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\/20\/egypt-gets-two-new-recycling-factories-ebrd-launches-climate-change-innovation-programme-initiative\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/egypt-gets-two-new-recycling-factories-ebrd-launches-climate-change-innovation-programme-initiative\/&title=Egypt gets two new recycling factories + EBRD launches Climate Change Innovation Programme initiative\">\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=Egypt+gets+two+new+recycling+factories+%2B+EBRD+launches+Climate+Change+Innovation+Programme+initiative+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F20%2Fegypt-gets-two-new-recycling-factories-ebrd-launches-climate-change-innovation-programme-initiative%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\/20\/egypt-gets-two-new-recycling-factories-ebrd-launches-climate-change-innovation-programme-initiative\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1783.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83150\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/egypt-gets-two-new-recycling-factories-ebrd-launches-climate-change-innovation-programme-initiative\/1783-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1783.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1783.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1783.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1783.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83149\" class=\"content-area-description single-story post-83149 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-egypt tag-enterpriseclimate tag-evtol tag-morocco tag-recycling tag-uae tag-waste-management 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\/.b1b354cf-d905-48f6-a4d9-6560723facf7.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">RECYCLING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BariQ sets up new recycling plants in Egypt:<\/strong> Intro Group\u2019s recycling company BariQ is setting up two recycled plastic factories in Egypt this year with combined investments of USD 30 mn, head of the company\u2019s financial sector Hussein Youssef told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/03\/19\/1776294\" style=\"\" rel=\"noopener\">Al Borsa<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where things currently stand: <\/strong>Construction of the first factory is complete, with operations to begin during 1H 2024. The factory will have a production capacity of 34k plastic granules, Youssef said. Construction of the second factory is scheduled to be completed during 4Q 2024 and it will have the same production capacity as the first factory. The two factories will increase BariQ\u2019s annual exports by an annual USD 60-70 mn and help it expand its presence in new markets such as Saudi Arabia and African countries, Youssef added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EBRD <\/strong><strong>rolls out new climate initiative: <\/strong>The European Bank for Reconstruction and Development (EBRD) is inviting businesses from Tunisia, Jordan, Lebanon, Morocco, and Egypt to apply for its new Climate Change Innovation Programme, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17252166-ebrd-launches-call\" style=\"\" rel=\"noopener\">TAP<\/a> reports. Funded by the Netherlands through the High Impact Partnership for Climate Action (HIPCA), the programme seeks innovative ideas that can significantly contribute to climate adaptation, mitigation, and biodiversity measures. Selected companies will collaborate with experts to evaluate the viability of their projects, with the chance to receive grants of up to EUR 20k for feasibility studies, software and hardware development, and prototype testing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About HIPCA: <\/strong>Launched during COP26 in Glasgow, <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2021\/ebrd-and-partners-launch-high-impact-partnership-on-climate-action.html\" style=\"\" rel=\"noopener\">HIPCA<\/a> aims to foster investments and solutions that not only reduce greenhouse gas emissions but also strengthen resilience against climate change, while ensuring environmental protection across various thematic areas including energy systems, sustainable food systems, green financial systems, cities and environmental infrastructure, and natural capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EVTOLS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Austria\u2019s FlyNow set to begin e-copter test flights in Saudi + UAE: <\/strong>Austrian eVTOL firm <a target=\"_blank\" href=\"https:\/\/www.flynow-aviation.com\/\" style=\"\" rel=\"noopener\">FlyNow<\/a> is planning to test its new eVTOL in the UAE and Saudi Arabia in 2025 as part of its goal to to make flying taxis affordable, efficient, and scalable, <a target=\"_blank\" href=\"https:\/\/gulfbusiness.com\/evtol-firm-flynow-saudi-arabia-uae\/\" style=\"\" rel=\"noopener\">Gulf Business<\/a> reports. The vehicle is equipped with autopilot technology and multiple battery backups, and it can carry one or two passengers at speeds of 130 km\/h, up to 300 meters above the ground. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Dubai is launching an air taxi service in 2026:<\/strong> The Roads and Transport Authority (RTA), the General Civil Aviation Authority (GCAA), Dubai Civil Aviation Authority (DCAA), and the UK\u2019s Skyports Infrastructure signed an agreement last month to establish transport infrastructure to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/08a3a7b6-02d4-4b71-8023-2d9f96f1e83a\/dubai-is-one-step-closer-to-offering-the-world%25e2%2580%2599s-first-air-taxi-service\" style=\"\" rel=\"noopener\">deploy electric air taxis in Dubai<\/a> by 2026. The move makes Dubai the first city to launch a commercial electric aerial taxi service.<\/p>\n<p class=\"tag-border-left\">WASTE MANAGEMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Suez + MAScIR to cooperate on waste management and recovery: <\/strong>French water and waste management company Suez has signed an agreement with the Moroccan Foundation for Advanced Science, Innovation, and Research (MAScIR) to pursue innovative solutions for waste management and recovery, according to a <a target=\"_blank\" href=\"https:\/\/www.suez.com\/en\/news\/press-releases\/suez-and-mascir-foundation-signed-agreement-understanding-pursue-innovation-waste-management-and-recovery\" style=\"\" rel=\"noopener\">press release<\/a>. The collaboration will encompass activities such as the collection of organic waste from agriculture, as well as the recycling and recovery of industrial waste, in addition to the advancement of low-carbon solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UAE\u2019s AUS College of Engineering partners with SNOC on green research <\/strong><strong>projects: <\/strong>The American University of Sharjah and the Sharjah National Oil Corporation are cooperating on six green research projects focused on fuel cell electric vehicles (FCEVs), hydrogen infrastructure, and wastewater treatment. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b27fksj-aus-college-engineering-and-snoc-partner-for\" 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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evtol\/\">EVTOL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/recycling\/\">recycling<\/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\/waste-management\/\">waste management<\/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=\"83151\" 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=\"83151\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/\">\r\n                            The EU + US need USD 1 tn worth of infrastructure investments for hydrogen adoption                        <\/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\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/\" 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\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/')\">\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\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/\">\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 EU + US need USD 1 tn worth of infrastructure investments for hydrogen adoption&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/\">\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\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/&title=The EU + US need USD 1 tn worth of infrastructure investments for hydrogen adoption\">\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+EU+%2B+US+need+USD+1+tn+worth+of+infrastructure+investments+for+hydrogen+adoption+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F20%2Fthe-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption%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\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2743.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83152\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/the-eu-us-need-usd-1-tn-worth-of-infrastructure-investments-for-hydrogen-adoption\/2743-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2743.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2743.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2743.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2743.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83151\" class=\"content-area-description single-story post-83151 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-ai tag-around-the-world tag-enterpriseclimate tag-green-hydrogen tag-stellanis 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\/.28275514-2975-41dd-929b-f8355a2ce1eb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>USD 1 tn in infrastructure investments is needed for hydrogen fuel to become a <\/strong><strong>significant part of the energy transition in Europe and the US<\/strong>, Mitsubishi Heavy Industries vice president Emmanouil Kakaras told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/ceraweek-hydrogen-adoption-will-cost-europe-us-more-than-1-trillion-2024-03-18\/#:~:text=HOUSTON%2C%20March%2018%20(Reuters),new%20tab%20said%20on%20Monday\" style=\"\" rel=\"noopener\">Reuters<\/a> on the sidelines of CERAWeek. The transition will require a substantial increase in demand achieved only through infrastructure investments to reduce costs, he explained. European governments have already committed USD 750 bn, which, along with funding from the US Inflation Reduction Act, could enable the shift from fossil fuels to clean fuels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But others are skeptical: <\/strong>Aramco CEO Amin Nasser <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e08a588-1d47-454e-9cb2-a64b30187193\" style=\"\" rel=\"noopener\">has expressed<\/a> skepticism over the current trends in the energy transition, saying the world should \u201cabandon the fantasy of phasing out oil and gas\u201d and arguing that it is more realistic to aim for reducing carbon emissions from existing oil and gas sources rather than entirely transitioning to other energy forms and technologies. \"The current transition strategy is visibly failing on most fronts,\" said Nasser. \"Despite its significant long term potential, hydrogen still costs in the range of $200 to $400 per barrel of oil equivalent, while oil and gas remain much cheaper.\"<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Air France to match customer donations for SAF:<\/strong> Air France, an official partner of the Paris 2024 Olympic and Paralympics Games, will match contributions given when flyers select the <a target=\"_blank\" href=\"https:\/\/wwws.airfrance.com.eg\/information\/aeroport\/option-environnement\" style=\"\" rel=\"noopener\">Environment-Sustainable Aviation Fuels<\/a> option for flights between 18 July and 9 September 2024 to France and French Polynesia. (<a target=\"_blank\" href=\"https:\/\/corporate.airfrance.com\/en\/press-releases\/air-france-match-its-customers-voluntary-contributions-purchase-sustainable-aviation\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>South Korea allocates USD 313 bn to green projects:<\/strong> Five institutions from the South Korean finance sector have pledged KRW 420 tn (USD 313 bn) in green funding by the end of the decade to support projects aligned with the nation\u2019s climate goals. The banking industry is also planning a separate KRW 9 trillion fund aimed at developing and expanding clean energy. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-19\/south-korea-finance-sector-pledges-313-billion-in-green-funding?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<li><strong>UK grid could get a USD 74 bn upgrade: <\/strong>Britain's National Grid is proposing a GBP 58 bn (USD 74 bn) investment program to upgrade grid networks after 2030, in anticipation of increased electricity demand and the expansion of renewable power projects to meet the country's target of decarbonizing its power sector by 2035. Potential upgrades include constructing new transmission lines to transport electricity across the UK. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uk\/britains-national-grid-proposes-74-bln-energy-system-upgrade-2024-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>Central banks using AI to assess climate-related financial risks: <\/strong>Several of the world\u2019s central banks are using the <a target=\"_blank\" href=\"https:\/\/www.gaia-ai.eco\/\" style=\"\" rel=\"noopener\">Gaia AI<\/a> project to collect data used to assess climate-related financial risks, analyzing companies\u2019 disclosures on emissions, green bond issuance, and net-zero commitments. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/central-banks-use-ai-assess-climate-related-risks-2024-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>Climate <\/strong><strong>activists lose court defense: <\/strong>Climate activists in England and Wales can no longer use the \u201cconsent defense\u201d in criminal damage cases, following a Court of Appeal ruling. The decision deems evidence about climate change effects \u201cinadmissible\u201d in such trials. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c5cffd73-29ca-40bc-85f4-e64419cecee6\" style=\"\" rel=\"noopener\">The Financial Times<\/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\/ai\/\">AI<\/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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/stellanis\/\">Stellanis<\/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=\"83153\" 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=\"83153\">\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\/20\/chinas-xiaomi-to-launch-ev-next-week\/\">\r\n                            China\u2019s Xiaomi to launch EV next week                        <\/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\/20\/chinas-xiaomi-to-launch-ev-next-week\/\" 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\/20\/chinas-xiaomi-to-launch-ev-next-week\/')\">\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\/20\/chinas-xiaomi-to-launch-ev-next-week\/\">\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=China\u2019s Xiaomi to launch EV next week&url=https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/chinas-xiaomi-to-launch-ev-next-week\/\">\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\/20\/chinas-xiaomi-to-launch-ev-next-week\/&title=China\u2019s Xiaomi to launch EV next week\">\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=China%E2%80%99s+Xiaomi+to+launch+EV+next+week+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F03%2F20%2Fchinas-xiaomi-to-launch-ev-next-week%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\/20\/chinas-xiaomi-to-launch-ev-next-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1774.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"83154\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/03\/20\/chinas-xiaomi-to-launch-ev-next-week\/1774-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1774.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1774.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1774.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1774.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83153\" class=\"content-area-description single-story post-83153 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseclimate tag-evs tag-on-your-way-out wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.5d526c4f-e5f0-4257-aefa-f2d77aaf8591.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese smartphone company Xiaomi will launch its debut EV on 28 March<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/12\/xiaomi-is-set-to-launch-its-su7-electric-car-on-march-28.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. The <a target=\"_blank\" href=\"https:\/\/www.mi.com\/global\/discover\/article?id=3095\" style=\"\" rel=\"noopener\">SU7<\/a> will be available for delivery immediately upon release, and a waitlist has been opened at 59 stores across 29 cities in China. No price tag or delivery date have been revealed yet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The specs:<\/strong> The electric sedan has three e-motors available, with the HyperEngine V8s achieving a global record maximum speed of 27.2k rpm, 425 kW output, and 635N\u00b7m peak torque, according to a company <a target=\"_blank\" href=\"https:\/\/www.mi.com\/global\/discover\/article?id=3095\" style=\"\" rel=\"noopener\">statement<\/a>. Xiaomi's self-developed HyperEngine V6 and V6s e-motors offer a maximum power of 374PS and maximum torque of 500N\u00b7m. The vehicle\u2019s cell-to-body (CTB) battery capacity reaches up to 150 kWh and has a <a target=\"_blank\" href=\"https:\/\/dieselnet.com\/standards\/cycles\/cltc.php\" style=\"\" rel=\"noopener\">China light-duty vehicle test cycle (CLTC)<\/a> recharge range of over 1.2k km. The SU7 also features autonomous driving capabilities and a \u201csmart cabin\u201d featuring a 16.1-inch 3K central console, a 56-inch HUD head-up display, and a 7.1-inch rotating dashboard.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Xiaomi is pulling off what Apple couldn\u2019t:<\/strong> Apple recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/af370760-d337-47da-9f18-a8a8bf0e8314\/today:-a-big-day-for-the-egypt-%2B-dib-prices-its-usd-1-bn-green-sukuk-issuance\" style=\"\" rel=\"noopener\">terminated its electric car project<\/a>, Titan, after decade-long efforts to develop fully autonomous EVs. Challenges in design and self-driving technology, coupled with a slowing EV market as a result of high prices and a lack of accessible charging infrastructure, was behind the giant tech maker\u2019s project's discontinuation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the EV market isn\u2019t looking so good: <\/strong>Demand for EVs is no longer at its peak and the rate of growth is slowing, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/breakingviews\/chinas-xiaomi-embarks-apples-road-not-taken-2024-03-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes. Sales rose only 30% in 2023, compared to 60% in 2022. In Xiaomi's domestic market, analysts predict a tough scenario with aggressive price competition, potentially reducing the company's 5% operating profit margin even further. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Connectivity could give Xiaomi an edge:<\/strong> The company introduced a new operating system that integrates its smartphones, cars, and other products back in October, Reuters reports. The SU7 model can connect to over 1k Xiaomi devices, but users also have the option to use other devices like iPhones. This connectivity offers a significant advantage, especially in China's premium vehicle segment, where internet-connected features are considered as crucial as traditional factors like steering, fuel efficiency, and maintenance costs, according to a recent <a target=\"_blank\" href=\"https:\/\/www.mckinsey.com\/industries\/automotive-and-assembly\/our-insights\/mckinsey-china-auto-consumer-insights-2023\" style=\"\" rel=\"noopener\">report<\/a> by McKinsey. <\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"83155\" 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\/20\/83155\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-83155\" class=\"content-area-description single-story post-83155 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-29 March (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sdg.iisd.org\/events\/29th-session-of-the-international-seabed-authority-assembly-and-council-part-i\/#:~:text=Event%3A%2029th%20Session%20of%20the,)%20%7C%20SDG%20Knowledge%20Hub%20%7C%20IISD&text=The%2029th%20Session%20of%20the,from%2018%2D29%20March%202024.\" style=\"\">International Seabed Authority Assembly and Council<\/a><\/span><span style=\"font-weight:400;\">, Kingston, Jamaica. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Future Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 April (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.un.org\/en\/energy\/page\/global-stocktaking-sdg7\" style=\"\">Global Stocktaking on SDG7<\/a><\/span><span style=\"font-weight:400;\">, New York, US. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-24 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omanpetroleumandenergyshow.com\/\" style=\"\">Oman Petroleum and Energy Show<\/a><\/span><span style=\"font-weight:400;\">, Mustac, Oman.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting Green Hydrogen MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mygetex.com\/\" style=\"\">Global Education & Training Exhibition (GETEX)<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 April (Sunday-Monday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/press\/2024\/01\/annual-meeting-2024-rebuilding-trust-amid-uncertainty\/\" style=\"\">Global Cooperation, Growth and Energy for Development,<\/a><\/span><span style=\"font-weight:400;\">Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 April-2 May (Sunday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omansustainabilityweek.com\/\" style=\"\">Oman Sustainability Week<\/a><\/span><span style=\"font-weight:400;\">, Oman International Exhibition Center, Muscat.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 April-2 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aemobforum.com\/\" style=\"\">Autonomous E-Mobility Forum<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-9 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\" style=\"\">Arabian Travel Market<\/a><\/span><span>, <\/span><span style=\"font-weight:400;\">Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globalwasteforum.com\/en\" style=\"\">Global Waste Forum<\/a><\/span><span>, <\/span><span style=\"font-weight:400;\">Algiers, Algeria. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb\/visit.html\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-25 May (Saturday-Saturday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldwaterforum.org\/\" style=\"\">The World Water Forum<\/a><\/span><span style=\"font-weight:400;\">, Bali, Indonesia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\">Electric Vehicle Innovation Summit,<\/a><\/span><span style=\"font-weight:400;\"> Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-30 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.moiat.gov.ae\/en\/media-center\/news\/2024\/01\/23\/miite-forum-dates?\" style=\"\">Make it in the Emirates Forum<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17243638-over-100-financial\" style=\"\">International Conference on Financing Investment and Trade in Africa (FITA 2024)<\/a><\/span><span style=\"font-weight:400;\">, Tunis, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\">World Urban Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 November (Monday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)<\/a><\/span><span>, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unccd.int\/news-stories\/notifications\/sixteenth-session-unccd-conference-parties-cop-16-riyadh\" style=\"\">Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Early 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/us-algeria-energy-and-investment.org\/\" style=\"\">The 2023 US Algeria Energy Forum<\/a><\/span><span style=\"font-weight:400;\">, Washington DC, USA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.safcongressmena.com\/\" style=\"\">Sustainable Aviation Futures MENA Congress<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2024: Emirati <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ar.ae\" style=\"\">Masdar<\/a><\/span><span>\u2019s 500 MW wind farm in Uzbekistan to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\" style=\"\">begin commercial operations<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s industrial cities solar power project <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\" style=\"\">will start electricity<\/a><\/span><span style=\"font-weight:400;\"> production. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\" style=\"\">International Union for Conservation of Nature World Conservation Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\" style=\"\">have over 1k<\/a><\/span><span style=\"font-weight:400;\"> EV charging stations installed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 October (Monday-Thursday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2002883\" style=\"\">World Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uitpsummit.org\/\" style=\"\">UITP Global Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2023\/04\/19\/imf-and-the-world-bank-group-to-hold-2026-annual-meetings-in-bangkok-thailand\" style=\"\">Annual Meetings of the World Bank and the International Monetary Fund<\/a><\/span><span style=\"font-weight:400;\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2026: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s USD 1 bn blue ammonia plant <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\">to be completed<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2026: HSBC Bahrain to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\" style=\"\">eliminate single-use<\/a><\/span><span style=\"font-weight:400;\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>MENA\u2019s district cooling market is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\" style=\"\">expected to reach<\/a><\/span><span style=\"font-weight:400;\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">World Water Forum, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\" style=\"\">provide AED 35 bn<\/a><\/span><span style=\"font-weight:400;\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\" style=\"\">targets 14 GW<\/a><\/span><span style=\"font-weight:400;\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Tunisia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\" style=\"\">targets 30%<\/a><\/span><span style=\"font-weight:400;\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\" style=\"\">generate USD 17 bn<\/a><\/span><span style=\"font-weight:400;\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\" style=\"\">Xlinks<\/a><\/span><span> solar and wind energy project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\" style=\"\">generate 10.5 GW<\/a><\/span><span style=\"font-weight:400;\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\">capture up to 11 mn tons<\/a><\/span><span style=\"font-weight:400;\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\" style=\"\">Tunisia\u2019s carbon neutrality target<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\" style=\"\">achieve its net-zero<\/a><\/span><span> 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>Masdar snaps up 50% of US renewables firm Terra-Gen Power | India\u2019s Rana Group eyes Egyptian hydrogen sector | KSA launches mining incentives program<\/p>\n","protected":false},"featured_media":83134,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-83133","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c97c89e7-c693-4b41-8c35-d2d2dafea250","teaser":"Masdar snaps up 50% of US renewables firm Terra-Gen Power | India\u2019s Rana Group eyes Egyptian hydrogen sector | KSA launches mining incentives program","photo_url":"https:\/\/ent.news\/2024\/2\/1156.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Masdar to acquire 50% of US renewables firm Terra-Gen Power - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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