{"id":84379,"date":"2024-05-23T00:00:00","date_gmt":"2024-05-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=84379"},"modified":"2025-12-15T10:51:57","modified_gmt":"2025-12-15T10:51:57","slug":"microsoft-g42-will-build-a-mega-geothermal-powered-kenyan-data-center","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/microsoft-g42-will-build-a-mega-geothermal-powered-kenyan-data-center\/","title":{"rendered":"Microsoft + G42 will build a mega geothermal-powered Kenyan data center"},"content":{"rendered":"<section id=\"84381\" 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=\"84381\">\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\/05\/23\/today-updates-from-uaes-g42-joby-evtols-will-land-in-ksa\/\">\r\n                            TODAY: Updates from UAE\u2019s G42 + Joby eVTOLs will land in KSA                        <\/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\/05\/23\/today-updates-from-uaes-g42-joby-evtols-will-land-in-ksa\/\" 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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First, let\u2019s check in on the China-US-EU green trade spat\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>China <\/strong><strong>might impose its own tariffs as <\/strong><strong>trade war continues: <\/strong>China is considering its own tariffs of up to 25% on imported cars with large engines from the US and Europe, inside sources <a target=\"_blank\" href=\"https:\/\/x.com\/CCCEUofficial\/status\/1792948949705212225\" style=\"\" rel=\"noopener\">have told<\/a> The China Chamber of Commerce to the EU (CCCEU). China\u2019s escalation comes as a deadline for an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9822c88d-307b-46f7-9288-d5afdf64d4c5\" style=\"\" rel=\"noopener\">EU probe draws near<\/a> and days after the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/817b4a75-e1ec-4ee1-9fc5-7d43042419f6\/\" style=\"\" rel=\"noopener\">US bumped tariffs<\/a> on Chinese solar cells, EVs, and lithium-ion EV batteries to curb imports. European and US car manufacturers sold 32% of all imported vehicles in China in 2023, and markets responded to the rumors with Mercedes-Benz and BMW shares both dropping over 2% in early trading. <strong>The story grabbed ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/china-should-hike-tariffs-large-cars-25-says-research-body-2024-05-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-21\/china-may-raise-tariffs-on-some-us-eu-cars-lobby-group-says?srnd=technology-vp\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><br \/><strong>ALSO- We have a date for the US tariff hike:<\/strong> US tariff increases slapped onto EVs and batteries will come into effect on 1 August,&nbsp;<a href=\"https:\/\/www.reuters.com\/markets\/us\/us-announces-details-higher-china-tariffs-some-start-aug-1-2024-05-22\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>&nbsp;reports, citing a US Trade Representative office statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- About EU\u2019s probe into Chinese EVs:<\/strong> The EU <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9822c88d-307b-46f7-9288-d5afdf64d4c5\" style=\"\" rel=\"noopener\">launched an investigation into Chinese subsidies for EVs<\/a> to ward off a flood of cheap imports last year which put the bloc\u2019s industrial core at risk of losing its share to faster Chinese companies. The investigation marked the first attempt to slow down competing state support for green technologies, after more than a year of ever-larger subsidies in the US, China, the UK and Europe.<\/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=\"wwtt2\"><\/a>#1- Alpha Dhabi u-turns on Metito acquisition:<\/strong> Investment holding company Alpha Dhabi has called off its plan to acquire a majority stake in Dubai-based utility Metito Holdings, after terminating talks without citing the reason, the firm said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1837.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Alpha Dhabi Holding planned to acquire a majority stake in water management solutions provider Metito <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d6aef2bd-7490-4c9b-9dc1-d616cc274ba2\" style=\"\" rel=\"noopener\">last September<\/a>. The transaction \u2014 which was pending regulatory approvals at the time \u2014 aimed to help Metito finance its plans to expand its smart water solutions across MENA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#2- The UAE wants to introduce incentives for green industrial practices: <\/strong>The UAE\u2019s Federal National Council (FNC) has proposed establishing new regulatory packages, including incentives and exemptions for green economic and industrial activities, with an eye to supporting economic growth and sustainability, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3a4qsy-fnc-recommends-developing-regulatory-frameworks\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The recommendations also include a proposal to improve the legislative framework to support the industrial sector, which contributed AED 197 bn to the economy in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The FNC\u2019s recommendations will be reviewed by the Financial, Economic, and Industrial Affairs Committee ahead of being resubmitted for approval and forwarded to the government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#3- It\u2019s official:&nbsp;<\/strong><strong>Qatar <\/strong><strong>has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/99d08a65-9e2e-48b2-8023-d0d2f5054c7b\" style=\"\" rel=\"noopener\">raised USD 2.5 bn<\/a><\/strong><strong> from its debut USD-denominated green <\/strong><strong>bonds<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-21\/qatar-selling-first-eurobond-in-four-years-and-debut-green-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Qatar sold USD 1 bn green bonds with a maturity of five years at 30 basis points with a yield of 4.74% and USD 1.5 bn of 10-year green debt at 40 basis points over US treasuries with a 4.82% yield.<\/p>\n<p class=\"tag-border-left\">WORTH READING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Europe is taking a big risk with its green hydrogen bet:<\/strong> Europe is still planning to heavily invest in green hydrogen despite only 4% of proposed global green hydrogen projects reaching financial close in 2023, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-05-17\/this-german-power-plant-signposts-europe-s-green-hydrogen-future?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. A review of 54 studies has found that hydrogen will play a very weak role in decarbonizing buildings because it\u2019s less efficient and more expensive than heat pumps, district heating and better insulation, Bloomberg writes. At the same time, the industry is facing capital cost increases of 40% to 50%. \u201cThe math still doesn't add up,\u201d said head of EU lending and advisory operations at the European Investment Bank Jean-Christophe Laloux said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A focus on renewables could be the best option: <\/strong>Critics argue that the focus on hydrogen may divert attention and resources from more immediate and cost-effective solutions, such as directly using renewable electricity, according to Bloomberg. \u201cGreen hydrogen will probably only be useful towards the end of the energy transition, once primary electricity demand is being comfortably met by renewables,\u201d Belgium\u2019s top central banker Pierre Wunsch told Bloomberg. <\/p>\n<p class=\"tag-border-left\">THE SCORECARD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The energy transition will cost 19% \u2014 some USD 34 tn \u2014 more than expected <\/strong><strong>between now <\/strong><strong>and 2050, <\/strong>according to BloombergNEF\u2019s (BNEF) <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1795.pdf\" style=\"\" rel=\"noopener\">New Energy Outlook 2024<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1795.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. To meet net-zero by 2050, the world will need to spend an estimated USD 24.1 tn to double its power grid size to 111 mn km. Around 50% of the investments will be needed for home and business distribution networks, while USD 9.6 tn should go to high-voltage transmission, and the rest for EVs, the outlook found. Renewables will need USD 22.7 tn of investments by mid-century, with wind and solar energy alone requiring a nine fold increase in capacity. Major investments in electric vehicles, nuclear energy, carbon capture, and clean hydrogen will also be needed to meet the goals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global hydrogen demand is falling: <\/strong>BNEF\u2019s new estimates of global hydrogen demand in the net-zero by 2050 scenario is 25% less than its initial prediction disclosed in last year\u2019s outlook report, US news outlet <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/05\/22\/2024\/big-oil-needs-a-hydrogen-reality-check\" style=\"\" rel=\"noopener\">Semafor<\/a> reports. BNEF reduced its forecast on the back of reassessing and disqualifying hydrogen from decarbonization roles it will likely never be the optimal option for \u2014 such as residential and commercial buildings \u2014 and cutting expectations of demand for power and other sectors as other technologies get cheaper, Semafor explains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big Oil majorly missed the mark too: <\/strong>The main hydrogen lobbying group Hydrogen Council \u2014 of which Big Oil firms are members \u2014 are also overestimating the world\u2019s hydrogen needs, predicting a figure that is 50% higher than BNEF\u2019s 2024 outlook, Semafor writes. The companies have been lobbying for the US government to ease eligibility criteria for hydrogen tax credits on the grounds of preparation for massive incoming global demand, effectively securing \u201cmore near-term money in oil companies\u2019 pockets,\u201d Semafor explains, adding that less predicted hydrogen demand would therefore hurt their profits and justify stricter tax credit guidelines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Record <\/strong><strong>carbon pricing revenues:<\/strong> Carbon pricing revenues soared to an unprecedented USD 104 bn in 2023, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1762.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the World Bank. The majority of this revenue was generated through emissions trading schemes, with over half being allocated to climate and nature initiatives. The report highlights the expansion of carbon pricing instruments, now totalling 75 globally, and their increasing application in sectors beyond the traditional, including aviation, shipping, and waste management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s still more to go: <\/strong>The report highlights the inadequacy of current global carbon price coverage and levels to meet the Paris Agreement's objectives despite the financial success. With less than 1% of greenhouse emissions priced at levels aligned with the recommended threshold to keep temperature rise under 2\u00baC, the report calls for heightened political commitment to bridge the gap between climate pledges and actual policies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>New <\/strong><strong>clean tech<\/strong><strong> investment record: <\/strong>Global investment in clean energy technology manufacturing reached USD 200 bn in 2023, marking a 70% increase from the previous year and contributing approximately 4% of the worldwide GDP, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1763.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the International Energy Agency (IEA). Solar PV and battery manufacturing have seen remarkable growth, with solar PV capacity already meeting the demands for 2030 and battery capacity nearing completion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot is about to change:<\/strong> The report states that while clean energy manufacturing is currently concentrated in certain regions, with China leading in solar PV module production, the landscape is set to become more diverse. Announced projects suggest that by 2030 Europe and the US could each hold about 15% of the global battery cell manufacturing capacity. It also highlights the dynamic nature of production costs, which are largely influenced by operational expenses such as energy, labour, and materials. This indicates that the current cost disparities in manufacturing across different countries could be mitigated through strategic policies, the report concludes.<\/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>Tunisia\u2019s honey is drying up: <\/strong>Climate-induced heat waves, parasites, and invasive diseases have affected around 75% of Tunisian beekeepers who saw their honey production drop to around 4 kg per hive, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17483397-climate-75-of\" style=\"\" rel=\"noopener\">Tap<\/a> reports. Changing temperatures also resulted in flowers producing less nectar and reducing honey production. Production levels dropped from an average of 20 kg per hive in the early 1910s to just around 8 kg today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisian beekeepers are not alone:<\/strong> Bee farmers who used to operate in central Iraq started heading to the mountains of Kurdistan last year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2cdd3ac9-d6da-4c5e-89ad-7add4095d113\/\" style=\"\" rel=\"noopener\">to escape extreme heat<\/a> and an ongoing drought. Drought and extreme heat drove down production to just 5 kg. Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff94498e-7cd2-4b27-8aba-17a38a0d9451\" style=\"\" rel=\"noopener\">honey production<\/a> has also been under threat due to climate change.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Drought slows down Amazon rainforest rejuvenation: <\/strong>Over one third of the Amazon rainforest \u2014 the biggest terrestrial carbon sink in the world \u2014 is struggling to recover from a drought, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/article\/2024\/may\/20\/more-than-third-of-amazon-rainforest-struggling-to-recover-from-drought-study-finds\" style=\"\" rel=\"noopener\">The Guardian<\/a> reported, citing a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1647.pdf\" style=\"\" rel=\"noopener\">paper (pdf)<\/a> published in Proceedings of the National Academy of Sciences. With 37% of mature vegetation found to be slowing down, the rainforest\u2019s resilience has deteriorated past the point of return after four rare dry spells have hit in less than 20 years, the research finds. The study only referenced images of the rainforest\u2019s canopy, and, \u201cif we are already seeing a tipping point getting closer at this macro forest level, then it must be getting worse at a micro level,\u201d lead author Johanna Van Passel told the news outlet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And degradation is hitting over half <\/strong><strong>the <\/strong><strong>world\u2019s pastures: <\/strong>Around half of the world's natural pastures \u2014 of which one-sixth of the world\u2019s food comes from \u2014 are now degraded due to overuse and climate change, including in the Middle East and North Africa regions, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1757.pdf\" style=\"\" rel=\"noopener\">new report (pdf)<\/a> by the UN Convention to Combat Desertification. The report attributes the degradation to factors like population growth, urbanization, and the intensification of agriculture, which have led to soil fertility loss and exacerbated drought conditions.<\/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\">***<br \/><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 in Cairo and Riyadh and 11am in the 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\"><strong>Get your own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/user\/subscribe-details\" style=\"\" rel=\"noopener\">subscription without charge here<\/a><\/strong> or reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt <\/strong><strong>will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/index.stm\" style=\"\" rel=\"noopener\">Energy &amp; Storage Live MENA<\/a><\/strong><strong> conference, from Wednesday, 29 <\/strong><strong>May to Thursday, 30 May<\/strong> in Cairo. The event will gather industry stakeholders in utilities, independent power producers, financiers, government bodies, regulators, distributors, contractors, and more to shape the future of the region\u2019s energy sector. <\/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:\/\/bondsloans.com\/events\/middle-east\" style=\"\" rel=\"noopener\">Bonds, Loans &amp; Sukuk Middle East<\/a><\/strong><strong> event from Tuesday, 4 June to <\/strong><strong>Wednesday, 5 June<\/strong> in Dubai. Billed as the Middle East's largest corporate and investment banking event, it serves as a key meeting point for those active in the region's capital markets. Over 1.4k governments, corporates, investors, banks, law firms, regulators and service providers as well as more than 75 expert speakers will be in attendance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/eem24.khas.edu.tr\/\" style=\"\" rel=\"noopener\">International Conference on European Energy Market<\/a><\/strong><strong>, from Monday, <\/strong><strong>10 June to Wednesday, 12 June<\/strong> in Istanbul. The three-day event will gather experts from scientific, industry, and policy sectors for discussions on various energy market-related topics. The conference covers themes including energy modeling, market design, regulatory policies, and climate change.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.netzerocircle.org\/event\/morocco-energy-week\" style=\"\" rel=\"noopener\">Morocco Energy Week Summit<\/a><\/strong><strong>, from Tuesday, 11 June to <\/strong><strong>Thursday, 12 June<\/strong> in Marrakech. The event will gather Morocco's leading energy players, companies and developers alongside financiers and implementation experts to discuss the country\u2019s green transition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spain will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.europe.gh2events.com\/\" style=\"\" rel=\"noopener\">Connecting Green Hydrogen Europe<\/a><\/strong><strong> conference, from <\/strong><strong>Tuesday, 25 June to Thursday, 27 June<\/strong> in Madrid. The event will see around 5k attendees including industry leaders, energy ministers, and executives to explore solutions, new technologies, and transformative advancements to advance the hydrogen industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/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\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/metito\/\">Metito<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/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=\"84383\" 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=\"84384\" 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=\"84384\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/microsoft-g42-will-build-a-mega-geothermal-powered-kenyan-data-center\/\">\r\n                            Microsoft + G42 will build a mega geothermal-powered Kenyan data center                        <\/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\/05\/23\/microsoft-g42-will-build-a-mega-geothermal-powered-kenyan-data-center\/\" 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 data center is part of a comprehensive suite of digital investments in Kenya to accelerate digitalization and promote cloud computing and AI services in East Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The facility will be located in Olkaria and will be powered by renewable geothermal energy and water conservation technologies. G42 will offer access to Microsoft Azure through a new East Africa cloud region, expected to be up and running within two years of parties signing definitive agreements, Microsoft noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The letter of intent will be signed on Friday <\/strong>between Microsoft, G42, and Kenya\u2019s Ministry of Information, Communication, and Digital Economy as part of Kenyan President William Ruto's visit to the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Microsoft committed a USD 1.5 bn in G42 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0cc78916-0227-4247-b601-f1bf74f38c73\/microsoft-pumps-usd-1.5-bn-into-abu-dhabi%25e2%2580%2599s%253cmark%253e-g42%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">last month<\/a> to position the UAE as a \u201cglobal AI hub,\u201d with a focus on expanding data center infrastructure in Central Asia and Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Quality control and safety measures: <\/strong>The cloud region will operate as part of a \u201ctrusted data zone\u201d based on global digital safety, privacy, and security standards<strong>, <\/strong>the tech-giant said. Both parties will also ensure the nation has sufficient resources and technical assurance before the hub is complete. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kenya is a major player in the global geothermal ecosystem, <\/strong>ranking as the eighth largest geothermal power user in 2023, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/kenya-steps-up-global-geothermal-powerhouse-2023-10-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. With the current projects underway, Kenya is positioned to rank fourth on the global list of geothermal users and aims to produce over half of its electricity from geothermal sites, the newswire says, citing data from Global Energy Monitor shows. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>G42 is all-in on Africa\u2019s data infrastructure: <\/strong>The company inked an MoU with Kenya\u2019s EcoCloud in March to establish <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2a6eed9b-f4e4-4d2f-bfcd-fefd45b15f1c\/uae%25e2%2580%2599s%253cmark%253e-g42%253c%2Fmark%253e-and-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\" style=\"\" rel=\"noopener\">a 100 MW data center<\/a> powered by geothermal energy to promote the development of cloud computing and AI services in a bid to stimulate Kenya\u2019s digital economy. It also signed an agreement with Mauritania's Digital Transformation, Innovation, and Modernization Ministry in mid-2023 to develop and improve the country\u2019s national data center.<\/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\/geothermal\/\">GEOTHERMAL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/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=\"84386\" 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=\"84386\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/masdar-inks-agreements-for-indonesian-renewable-energy-projects\/\">\r\n                            Masdar inks agreements for Indonesian renewable energy projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/masdar-inks-agreements-for-indonesian-renewable-energy-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The investment ticket and timeline of the projects were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong><\/p>\n<ul>\n<li>Masdar signed an MoU with state-owned energy company <a target=\"_blank\" href=\"https:\/\/www.pertaminanre.com\/\" style=\"\" rel=\"noopener\">Pertamina Power Indonesia<\/a> (Pertamina NRE) to develop solar, wind and green hydrogen products both in Indonesia and abroad. <\/li>\n<\/ul>\n<ul>\n<li>The company also entered a Joint Development Study Agreement with <a target=\"_blank\" href=\"https:\/\/www.plnnusantarapower.co.id\/en\/home-english\/\" style=\"\" rel=\"noopener\">PLN Nusantara Power<\/a> aiming to triple the capacity of the operating Cirata floating PV project to 500 MW. The plans were initially announced last September, when Masdar and PLN <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6e908fa1-b739-44ca-bb54-692f6ae902c1\/masdar-to-develop-a%253cmark%253e-500%253c%2Fmark%253e%253cmark%253e-mw%253c%2Fmark%253e%253cmark%253e-floating%253c%2Fmark%253e%253cmark%253e-solar%253c%2Fmark%253e-park-in-indonesia\" style=\"\" rel=\"noopener\">signed an initial agreement<\/a> to move forward with tripling the size of the plant.<\/li>\n<\/ul>\n<ul>\n<li>Masdar received approval to develop up to 2 GW of renewable energy in Indonesia\u2019s new capital city, Nusantara, beginning with a first phase of 200 MW. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the first phase of Cirata floating PV:<\/strong> Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7b5f2290-bd7e-4c67-adec-35d5b28f598d\" style=\"\" rel=\"noopener\">began operating<\/a> the floating solar plant \u2014 the largest of its kind in Southeast Asia and the third largest globally \u2014 in November. The plant cost USD 108.7 mn and will power 50k homes to displace 214k tons of CO2 emissions. Masdar first signed the power purchase agreement with PLN back in 2020, marking the company\u2019s first entrance into the floating solar market. The plant occupies 4% of the surface of the Cirata reservoir, which is 108 kms southeast of Indonesia\u2019s capital Jakarta.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Masdar has shares in a Pertamina subsidiary:<\/strong> Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/046c14ff-4b51-419d-8645-226d509033be\/masdar-set-to-develop-a-100-mw-solar-plant-in-georgia\" style=\"\" rel=\"noopener\">acquired<\/a> an undisclosed stake in Pertamina subsidiary Pertamina Geothermal Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c0e6a33d-90d1-43dd-93ef-aa4e29a5d598\" style=\"\" rel=\"noopener\">back in February<\/a>. Pertamina Geothermal is one of the world\u2019s largest producers of geothermal energy. It currently owns nearly 82% of Indonesia's installed geothermal energy capacity, and manages 13 geothermal energy projects which generate 1.87 GW of electricity. <\/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\/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=\"84388 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=\"84388\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/84388\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84388\" class=\"content-area-description single-story post-84388 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=\"84389\" 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=\"84389\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/\">\r\n                            Joby Aviation will sell eVTOLs to KSA\u2019s Mukamalah                        <\/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\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/\" 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\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/')\">\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\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/\">\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=Joby Aviation will sell eVTOLs to KSA\u2019s Mukamalah&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/\">\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\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/&title=Joby Aviation will sell eVTOLs to KSA\u2019s Mukamalah\">\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=Joby+Aviation+will+sell+eVTOLs+to+KSA%E2%80%99s+Mukamalah+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F23%2Fjoby-aviation-will-sell-evtols-to-ksas-mukamalah%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\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1885.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84390\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/joby-aviation-will-sell-evtols-to-ksas-mukamalah\/1885-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1885.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1885.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1885.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1885.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84389\" class=\"content-area-description single-story post-84389 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-electric-mobility tag-electric-vehicles tag-enterpriseclimate tag-evs tag-evtol 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\/5\/.0c6f38ec-6de3-4974-9f65-0e9ab9d4bffa.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US eVTOL manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.jobyaviation.com\/\" style=\"\" rel=\"noopener\">Joby Aviation<\/a><\/strong><strong> will partner with Aramco subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mukamalah.com\/\" style=\"\" rel=\"noopener\">Mukamalah<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mukamalah.com\/\" style=\"\" rel=\"noopener\">Aviation<\/a><\/strong><strong> to deploy eVTOLs in Saudi Arabia<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.jobyaviation.com\/news\/joby-partners-with-mukamalah-aviation\/\" style=\"\" rel=\"noopener\">statement<\/a>. Joby Aviation is <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/aviation\/saudi-arabia-s-abdul-latif-jameel-bets-on-flying-taxis-with-joby-aviation-1.972961\" style=\"\" rel=\"noopener\">backed by Jameel Investment Management Company<\/a>, the investment arm of Saudi Arabia\u2019s Abdul Latif Jameel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>Under the agreement Mukamalah and Joly will work with Saudi\u2019s General Authority of Civil Aviation to speed up Joby\u2019s entry into the domestic and line up direct eVTOL sales to Mukamalah. The number of eVTOLs to be sold or investment ticket of the agreement was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are they buying?<\/strong> Joby\u2019s commercial passenger electric vehicle is designed to carry a pilot and up to four passengers at speeds of up to 321 km per hour. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not KSA\u2019s first eVTOL partnership: <\/strong>Neom and German flying taxi maker Volocopter <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/542ff19b-5441-4350-89b8-ea41e1ae2cbd\" style=\"\" rel=\"noopener\">successfully tested<\/a> the kingdom\u2019s first electric air taxi last year. Brazilian eVTOL company Eve Air Mobility also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3868caac-e96b-4242-8374-d988473b436f\" style=\"\" rel=\"noopener\">signed an MoU<\/a> in December with Saudi Arabia's air carrier and the leading low-cost airline Flynas to explore operating eVTOLs in the kingdom. The agreement will see them explore deploying eVTOLS in Riyadh and Jeddah in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Joby is already active in UAE: <\/strong>The eVTOL outfit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/14743ef8-0798-4edb-92d6-bf192dc91fb3\" style=\"\" rel=\"noopener\">is taking part<\/a> in Abu Dhabi\u2019s Smart and Autonomous Vehicles Industry (SAVI) cluster and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e24e86b3-7ffd-4bf0-8630-1be98c1906ec\" style=\"\" rel=\"noopener\">inked an MoU<\/a> with Abu Dhabi\u2019s Department of Municipalities and Transport to lay the groundwork for it to introduce inter-emirate electric air tax services as early as 2025 last month. Joby\u2019s <a target=\"_blank\" href=\"https:\/\/evtol.news\/joby-s4\" style=\"\" rel=\"noopener\">S4 models<\/a> will also be used in Dubai as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/08a3a7b6-02d4-4b71-8023-2d9f96f1e83a\" style=\"\" rel=\"noopener\">electric air taxis<\/a> by 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Mukamalah: <\/strong>Mukamalah Aviation Company was the first aviation company established in Saudi Arabia and the second in the Middle East, according to its <a target=\"_blank\" href=\"https:\/\/www.mukamalah.com\/en\/about-us\" style=\"\" rel=\"noopener\">website<\/a>. The company operates 48 aircrafts from different fleets all serving different purposes It also fully manages and operates nine airports in KSA. <\/p>\n<p class=\"tag-border-left\">IN OTHER KSA EVTOL NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eve <\/strong><strong>+ Saudia Technic partner on eVTOL MRO training: <\/strong>Urban air mobility company <a target=\"_blank\" href=\"https:\/\/www.eveairmobility.com\/\" style=\"\" rel=\"noopener\">Eve<\/a><a target=\"_blank\" href=\"https:\/\/www.eveairmobility.com\/\" style=\"\" rel=\"noopener\">Air Mobility<\/a> \u2014 a subsidiary of Brazilian aerospace company <a target=\"_blank\" href=\"https:\/\/embraer.com\/\" style=\"\" rel=\"noopener\">Embraer<\/a> \u2014 signed an MoU with Saudi aviation services provider <a target=\"_blank\" href=\"https:\/\/www.saudiatechnic.com\/\" style=\"\" rel=\"noopener\">Saudia<\/a><a target=\"_blank\" href=\"https:\/\/www.saudiatechnic.com\/\" style=\"\" rel=\"noopener\">Technic<\/a> to explore potential demand of Maintenance, Repair and Overhaul (MRO) activities for eVTOLs in the kingdom, according to a <a target=\"_blank\" href=\"https:\/\/embraer.com\/global\/en\/news?slug=1207392-eve-air-mobility-and-saudia-technic-sign-moa-to-explore-mro-activities-and-evtol-reassembly-in-saudi-arabia\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement will focus on developing a training program for eVTOL MRO technicians and evaluating the infrastructure and processes required to reassemble Eve's eVTOLs in Saudi.<\/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\/electric-mobility\/\">electric mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evtol\/\">EVTOL<\/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=\"84391\" 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=\"84391\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\">\r\n                            Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk                        <\/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\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\" 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\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/')\">\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\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\">\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=Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\">\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\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/&title=Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk\">\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=Emirates+Islamic+nabs+over+USD+2.1+bn+in+orders+for+debut+green+sukuk+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F23%2Femirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk%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\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84392\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/1825-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1825.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84391\" class=\"content-area-description single-story post-84391 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-green-sukuk 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\/5\/.87b07e7d-46c7-4537-a7eb-236bf978ae7e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Islamic\u2019s sustainability sukuk was 2.8x oversubscribed:<\/strong> Emirates Islamic raised USD 750 mn from its debut five-year senior sustainability-linked sukuk, with over USD 2.1 bn in orders, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3a4qjz-emirates-islamic-issues-750-million-sustainability\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The order book was 2.8x oversubscribed, allowing the lender to tighten the net income rate to a little over 5.4% annually, at a spread of 100 basis points (bps) over US treasuries. The sukuk is part of a broader USD 2.5 bn certificate issuance program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> The lender was on track to raise USD 750 from its debut sustainability-linked sukuk <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1c3f13f2-912e-4145-87fe-a737ee16c418\/%253cmark%253eemirates-islamic%253c%2Fmark%253e-takes-usd-750-sukuk-to-the-market\" style=\"\" rel=\"noopener\">earlier this week<\/a>, after the issuance attracted some USD 1.9 bn in orders. The lender narrowed the price guidance for the five-year sustainability sukuk to 100 bps from an initial price guidance of 130 bps over US Treasuries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Emirates NBD Capital and Standard Chartered Bank were appointed as joint global coordinators, while First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, and the Islamic Corporation For The Development of the Private Sector were selected to act as joint lead managers and joint bookrunners for the transaction.<\/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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-sukuk\/\">Green sukuk<\/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=\"84393\" 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=\"84393\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/\">\r\n                            Honeywell + Volts collaborate on UAE\u2019s first battery storage gigafactory                        <\/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\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/\" 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\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/')\">\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\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/\">\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=Honeywell + Volts collaborate on UAE\u2019s first battery storage gigafactory&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/\">\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\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/&title=Honeywell + Volts collaborate on UAE\u2019s first battery storage gigafactory\">\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=Honeywell+%2B+Volts+collaborate+on+UAE%E2%80%99s+first+battery+storage+gigafactory+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F23%2Fhoneywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory%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\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1806.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84394\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/honeywell-volts-collaborate-on-uaes-first-battery-storage-gigafactory\/1806-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1806.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1806.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1806.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1806.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84393\" class=\"content-area-description single-story post-84393 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-bess tag-enterpriseclimate tag-gigafactories 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\/5\/.451f22fc-f283-47c4-81d1-17016cbae0cc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BATTERIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Honeywell + Volts to construct Abu Dhabi\u2019s first battery storage gigafactory: <\/strong>US-based conglomerate Honeywell and the UAE's energy storage system manufacturer Volts will partner on the UAE\u2019s first gigafactory for the production of battery cells for Residential Energy Storage Systems (RESS) in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/honeywell-to-provide-automation-solutions-for-volts-gigafactory-in-the-uae-f9nb3dgh\" style=\"\" rel=\"noopener\">press release<\/a>. Honeywell will support Volts with factory automation, digitalization, and closed loop control systems. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first partnership for Volts: <\/strong>Volts signed an MoU with Schneider Electric to build the BESS facility <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/94ef8ecd-eedb-4f01-9200-ee49e3a13cf4\/statevolt-to-launch-a-usd-3.2-bn-battery-gigafactory-in-the-uae\" style=\"\" rel=\"noopener\">last December<\/a>. The project is set to be completed by the end of 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisia\u2019s parliament greenlights USD 300 mn food security loan: <\/strong>Tunisia\u2019s Assembly of People's Representatives has approved the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7aac7aa-61aa-4c74-898d-f5ffb6725c67\/tunisia-secures%253cmark%253e-usd%253c%2Fmark%253e-520%253cmark%253e-mn%253c%2Fmark%253e-from-world-bank-to-shore-up-food-security\" style=\"\" rel=\"noopener\">USD 300 mn loan agreement<\/a> between Tunisia and the World Bank\u2019s International Bank for Reconstruction and Development, <a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17487127-arp-appoves-loan\" style=\"\" rel=\"noopener\">T<\/a><a target=\"_blank\" href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17487127-arp-appoves-loan\" style=\"\" rel=\"noopener\">ap<\/a> reports. Through the <a target=\"_blank\" href=\"https:\/\/projects.worldbank.org\/en\/projects-operations\/project-detail\/P167900\" style=\"\" rel=\"noopener\">Tunisia Emergency Food Security Response Project<\/a>, the loan will support wheat imports, provide barley for milk production, and distribute climate-resilient seeds for wheat producers. The loan was first approved by the WB in March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The loan \u2014 which will be granted to Tunisia\u2019s Grain Office \u2014 aims to secure grain supply from 2024 to 2026, and will be repaid over 28 years with an 8-year grace period at a 6.87% interest rate, Tap added. The Grain Office will distribute the funds over 3 years, with USD 145 mn going to provide urgent support to farmers, and the other USD 155 mn to ease the impact of drought on small farmers and securing more wheat supply. The project will also focus on helping farmers integrate project management methods that take into account food security shocks.<\/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\">DECARBONIZATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE breaks ground on Mangrove Research Centre in Indonesia: <\/strong>The UAE has broken ground on the Mohamed bin Zayed-Joko Widodo International Mangrove Research Centre in Bali, according to <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b39jbln-uae-announces-groundbreaking-mohamed-bin-zayed\" style=\"\" rel=\"noopener\">Wam<\/a>. The UAE has committed to investing USD 10 mn into the project. \u201cThe Center will be an ideal platform for scientists and researchers to join forces and exchange knowledge to improve our ability to counter current and future environmental challenges,\u201d said UAE Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei. Indonesia is home to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0c276d11-852a-48fe-8afb-bd698bc6adf0\/today:-egypt%25e2%2580%2599s-finmin-wants-green-infrastructure-financing-from-aiib-%2B-climate-future-week-kicks-off-in-dubai\" style=\"\" rel=\"noopener\">most extensive mangrove ecosystems<\/a> in the world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE and Indonesia joined forces at COP27: <\/strong>The Mangrove Alliance for Climate was established by both countries at COP27 with the aim of promoting nature-based solutions for climate change. The research center was launched at COP28 and will be used for capacity-building, collaborative research on mangrove innovations and biotechnology, biodiversity conservation, and rehabilitating degraded mangrove forests.<\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gigafactories\/\">gigafactories<\/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=\"84395\" 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=\"84395\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/\">\r\n                            Big oil fails energy transition criteria across the board                        <\/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\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/\" 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\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/')\">\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\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/\">\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=Big oil fails energy transition criteria across the board&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/\">\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\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/&title=Big oil fails energy transition criteria across the board\">\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=Big+oil+fails+energy+transition+criteria+across+the+board+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F23%2Fbig-oil-fails-energy-transition-criteria-across-the-board%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\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1891.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84396\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/big-oil-fails-energy-transition-criteria-across-the-board\/1891-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1891.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1891.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1891.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1891.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84395\" class=\"content-area-description single-story post-84395 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-energy-transition tag-exxon tag-usa 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\/5\/.2e8b36b4-e629-4055-98cc-522e65a188ee.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Major oil companies\u2019 climate pledges are underwhelming: <\/strong>The largest US and Europe-based oil and gas producers have set emission reduction goals that fall short of what would be necessary to keep warming levels below the Paris Agreement\u2019s threshold of 1.5 C, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/article\/2024\/may\/21\/oil-companies-report-fossil-fuels-climate\" style=\"\" rel=\"noopener\">The Guardian<\/a> reports, citing a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1775.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the Big Oil Reality Check from Oil Change International. On a scale from \u201cfully aligned\u201d to \u201cgrossly insufficient,\u201d Chevron, ConocoPhillips, and ExxonMobil ranked grossly insufficient in all 10 criteria used by the report\u2019s authors. The projects planned by the eight companies could lead to more than 2.4C warming, and none have plans to curb fossil fuel or extraction projects. In fact, six of the companies have clear plans to increase polluting projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not really a surprise: <\/strong>Low-carbon transition plans published by big oil companies have met only 19% of London-based green investment consultant IIGCC \u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e6de37ef-b987-4ff2-a5ac-76303349d091\/\" style=\"\" rel=\"noopener\">criteria for effective strategies<\/a>. Plans set out by 10 major oil and gas companies \u2014 including Exxon Mobil, Chevron, Shell and BP \u2014 were insufficient for investors to gauge transition risk accurately. Companies are also failing to disclose key info such as details on carbon capture or upstream production, making it unclear how their goals will be achieved. European companies generally offer better disclosure, more aligned targets, and greater investment in climate solutions compared to their North American counterparts, which lag in diversifying into low-carbon energy production. North American companies met just 3% of metrics assessing climate solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New solar projects in China fell 32% y-o-y in March despite declining prices of PV <\/strong><strong>equipment<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/chinas-blistering-solar-power-growth-runs-into-grid-blocks-2024-05-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing calculations it made using official data. This marks the lowest level for the country in 16 months and comes on the back of \u201cgrid bottlenecks pile up, market reforms increase uncertainty for [solar power generators], and the best rooftop space runs short,\u201d the newswire writes. The lack of power grid capacity to integrate excess energy from solar stations has deterred price support from regulators and led to grid managers having to block up to 50-70% of energy from being added to the grid, Reuters added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s slowdown spells more trouble for the West:<\/strong> Given that China's PV manufacturing is expanding faster than the country\u2019s ability to construct more solar stations, the solar equipment producers will be forced to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e6de37ef-b987-4ff2-a5ac-76303349d091\/today:-acwa-nabs-another-wind-farm-in-uzbekistan-%2B-morocco-nets-more-ev-battery-production-investments\" style=\"\" rel=\"noopener\">continue exporting and dumping<\/a> its supply to Western market, which is likely to exacerbate the political tensions between the two sides. <\/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>Climate victims seek legal action against Total: <\/strong>Eight victims of extreme weather disasters amplified by climate change and three NGOs are seeking legal action against the CEO and directors of TotalEnergies, citing fossil fuel activities as a contributing factor. The public prosecutor will decide within the next three months whether to dismiss the case or open it for judicial review. Total has been hit with at least eight climate cases, most of which are still ongoing. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/article\/2024\/may\/21\/climate-victims-file-criminal-case-against-bosses-of-oil-firm-total\" style=\"\" rel=\"noopener\">The Guardian<\/a>)<\/li>\n<li><strong>BNP to reduce portfolio emission intensity by 18%: <\/strong>BNP Paribas will reduce its portfolio emissions intensity compared with 2022 by 18% for air transport, 23% for maritime transport, and 31% for commercial property. The bank has also withdrawn from conventional bond sales for oil and gas and become the biggest underwriter of green bonds in the world. It is targeting a 70% reduction in financed oil and gas emissions by 2030. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-22\/bnp-paribas-expands-funding-crackdown-on-high-carbon-clients?srnd=green\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>UK plans new nuclear power plant in Wales:<\/strong> The UK government is initiating discussions with international energy companies to construct a large gigawatt-scale nuclear power plant in northern Wales. This would be the third new large-scale atomic plant in the country after a decades-long hiatus. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-21\/uk-government-aims-to-build-next-large-nuclear-plant-in-wales\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/energy-transition\/\">energy transition<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/exxon\/\">Exxon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/usa\/\">USA<\/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=\"84397\" 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=\"84397\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/\">\r\n                            Meet the UCLA scientist behind innovative decarbonization tech                        <\/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\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/\" 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\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/')\">\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\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/\">\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=Meet the UCLA scientist behind innovative decarbonization tech&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/\">\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\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/&title=Meet the UCLA scientist behind innovative decarbonization tech\">\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=Meet+the+UCLA+scientist+behind+innovative+decarbonization+tech+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F23%2Fmeet-the-ucla-scientist-behind-innovative-decarbonization-tech%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\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1652.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84398\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/meet-the-ucla-scientist-behind-innovative-decarbonization-tech\/1652-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1652.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1652.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1652.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1652.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84397\" class=\"content-area-description single-story post-84397 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-carbon-storage tag-climate-in-the-news tag-decarbonization tag-enterpriseclimate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.52779d1c-ebd9-4fe1-bf9f-3cd44d8bceec.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>UCLA scientist <\/strong><strong>Gaurav Sant is the subject of an in-depth <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-20\/ucla-scientist-rewrites-academia-rules-for-the-climate-change-era?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong> feature unpacking his <\/strong><strong>contributions as the brains behind decarbonization <\/strong><strong>startups<\/strong> like ocean carbon removal outfit <a target=\"_blank\" href=\"https:\/\/www.equatic.tech\/\" style=\"\" rel=\"noopener\">Equatic<\/a> and low-carbon concrete startup <a target=\"_blank\" href=\"https:\/\/carbonbuilt.com\/\" style=\"\" rel=\"noopener\">CarbonBuilt<\/a>. As the head of the <a target=\"_blank\" href=\"https:\/\/icm.ucla.edu\/\" style=\"\" rel=\"noopener\">Institute for Carbon Management (ICM)<\/a>, Sant is steering the institute away from academic articles and focusing instead on practical solutions to slash emissions with some degree of success. Equatic is currently operating a carbon removal system at the Port of Los Angeles and is constructing the world's largest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ce505401-64a8-468b-ba51-610d489be622\" style=\"\" rel=\"noopener\">ocean-based CO2 removal plant<\/a> in Singapore. CarbonBuilt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/322bce44-471f-430d-89b9-0f8a86186f18\/\" style=\"\" rel=\"noopener\">kicked off commercial production<\/a> for its technology last year which claims to slash emissions during the lifecycle of concrete by 70% to 100%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it\u2019s not all smooth sailing:<\/strong> Carbon capture technologies face challenges from activists and experts who are concerned they could delay the shift away from fossil fuels, Bloomberg explains. Carbon capture tech like Equatic's also consume significant energy \u2014 up to 2 MWh per ton of CO2 removed, enough to power an average US home for over a month. Since bns of tons of CO2 removal will likely be needed by 2050, the high energy demand is concerning. \u201cThe energy needs are so exorbitant, you\u2019d be better off just using that energy for anything else,\u201d Climate NGO <a target=\"_blank\" href=\"https:\/\/drawdown.org\/\" style=\"\" rel=\"noopener\">Project Drawdown<\/a> CEO Jonathan Foley told Bloomberg. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84399\" 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\/05\/23\/84399\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84399\" class=\"content-area-description single-story post-84399 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;\">MAY 2024<\/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>27 May (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2105446\" style=\"\">Energy Efficiency Service Providers Forum<\/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>28-30 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>29-30 <\/span><span>May <\/span><span>(Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/index.stm\" style=\"\">Solar & Storage Live MENA<\/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 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>4-5 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bondsloans.com\/events\/middle-east\" style=\"\">Bonds, Loans & Sukuk Middle East<\/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>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>5-7 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/key-notion.com\/sustainability-world-summit-frankfurt-2024\/\" style=\"\">Sustainability World Summit<\/a><\/span><span style=\"font-weight:400;\">, Frankfurt, Germany.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 June (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eem24.khas.edu.tr\/\" style=\"\">The International Conference on European Energy Market<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/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<\/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>11-13 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.netzerocircle.org\/event\/morocco-energy-week\" style=\"\">Morocco Energy Week Summit<\/a><\/span><span style=\"font-weight:400;\">, Marrakesh, Morocco. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/biofuels-news.com\/conference\/about-biofuels-conference-expo\/\" style=\"\">Biofuels International Conference & Expo<\/a><\/span><span style=\"font-weight:400;\">, Brussels, Belgium.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/biofuels-news.com\/conference\/sustainableaviationfuels\/about\/\" style=\"\">Sustainable Aviation Fuels Summit<\/a><\/span><span style=\"font-weight:400;\">, Brussels, Belgium.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.europe.gh2events.com\/\" style=\"\">Connecting Green Hydrogen Europe<\/a><\/span><span style=\"font-weight:400;\">, Madrid, Spain.<\/span><\/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\"><span>26-27 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/decarbonizingforum.com\/\" style=\"\">Decarbonizing Shipping Forum<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/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;\">JULY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-3 July (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nuclearpowerplantsexpo.com\/\" style=\"\">Nuclear Power Plants Summit & Expo<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 July (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Leaders Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 July (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egyptminingforum.com\/\" style=\"\">The Egypt Mining 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 style=\"font-weight:700;\">AUGUST 2024<\/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;\">1 August (Thursday): Distributed Solar Summit, Dubai, 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:400;\">12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 August (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldesgsummit.com\/\" style=\"\">The World ESG 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>24-26 August (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cgee.org\/\" style=\"\">International Conference on Clean and Green Energy Engineering<\/a><\/span><span style=\"font-weight:400;\">, Izmir, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 August (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spectrumconferences.com\/2024\/isnre\" style=\"\">International Summit on Non-Renewable and Renewable Energy<\/a><\/span><span style=\"font-weight:400;\">, Valencia, Spain.<\/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;\">SEPTEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldutilitiescongress.com\/\" style=\"\">World Utilities Congress<\/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>17-19 September (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;\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-3 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wetex.ae\" style=\"\">Water, Energy and Environment Technology Exhibition<\/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>13-17 October (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cairowaterweek.eg\/cww2024\/#:~:text=The%20upcoming%20seventh%20edition%2C%20Cairo,Climate%3A%20Building%20Resilient%20Communities.%E2%80%9D\" style=\"\">Cairo Water Week<\/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>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>11-22 November (Monday-Friday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unfccc.int\/cop29\" style=\"\">United Nations Climate Change Conference or Conference of the Parties (COP29)<\/a><\/span><span style=\"font-weight:400;\">, Baku, Azerbaijan. <\/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 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>18-19 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudi-electricityexpo.com\/en\/home.html\" style=\"\">Saudi Electricity Expo<\/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>26-28 <\/span><span>November <\/span><span>(Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\" style=\"\">Egypt Energy Show<\/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>27-28 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rakenergysummit.rak.ae\/\" style=\"\">RAK Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Ras Al Khaimah, 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;\">JANUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World 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 style=\"font-weight:700;\">FEBRUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting 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 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>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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/central-asias-largest-wind-farm-brought-to-you-by-masdar-79878\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/could-fdi-help-egypts-solar-industry-traverse-the-fx-crisis-79599\/\" 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>November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.almamlakatv.com\/news\/142146-%D9%85%D9%86%D8%AA%D8%AF%D9%88%D9%86-%D9%8A%D9%88%D8%B5%D9%88%D9%86-%D8%A8%D8%AA%D9%88%D9%81%D9%8A%D8%B1-20-%D8%A3%D9%84%D9%81-%D9%81%D8%B1%D8%B5%D8%A9-%D8%B9%D9%85%D9%84-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%AD%D9%8A%D9%88%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9\" style=\"\">9th Arab Forum for Renewable Energy and Energy Efficiency<\/a><\/span><span style=\"font-weight:400;\">, Amman, Jordan.<\/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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/uae-may-be-getting-more-evs-79880\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/will-we-soon-see-a-carbon-offset-tax-in-egypt-79885\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/goodbye-single-ac-units-mena-wont-be-needing-your-services-anymore-79605\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/enterprise-climate-sits-down-with-mariam-almheiri-the-uaes-climate-change-and-environment-minister-79434\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/07\/project-update-tunisia-speaks-to-afdb-ifc-for-solar-plant-financing-80546\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/today-cloud-wars-afreximbank-gets-love-from-nexi-also-indias-reliance-wants-to-build-20-gw-of-renewables-79598\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/31\/moroccos-usd-18-bn-renewables-export-hub-79733\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" 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:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" 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>A UAE-backed geothermal-powered data center is heading to Kenya | Masdar formalizes Indonesian renewables investments | Joby eVTOLs will land in KSA<\/p>\n","protected":false},"featured_media":84380,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-84379","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4d44538c-d471-434c-ba98-72fbb3299f06","teaser":"A UAE-backed geothermal-powered data center is heading to Kenya | Masdar formalizes Indonesian renewables investments | Joby eVTOLs will land in KSA","photo_url":"https:\/\/ent.news\/2024\/2\/1160.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>Microsoft + G42 will build a mega geothermal-powered Kenyan data center - 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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