{"id":85509,"date":"2024-07-22T00:00:00","date_gmt":"2024-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=85509"},"modified":"2025-12-15T11:09:48","modified_gmt":"2025-12-15T11:09:48","slug":"masdar-raises-usd-1-bn-in-second-green-bond-issuance","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/","title":{"rendered":"Masdar raises USD 1 bn in second green bond issuance"},"content":{"rendered":"<section id=\"85511\" 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=\"85511\">\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\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/\">\r\n                            TODAY: Masdar wraps second green bond issuance + A big day for mining in the region                        <\/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\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/\" 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\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/')\">\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\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/\">\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=TODAY: Masdar wraps second green bond issuance + A big day for mining in the region&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/\">\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\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/&title=TODAY: Masdar wraps second green bond issuance + A big day for mining in the region\">\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=TODAY%3A+Masdar+wraps+second+green+bond+issuance+%2B+A+big+day+for+mining+in+the+region+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Ftoday-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region%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\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1106.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85512\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/today-masdar-wraps-second-green-bond-issuance-a-big-day-for-mining-in-the-region\/1106-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1106.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1106.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1106.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1106.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85511\" class=\"content-area-description single-story post-85511 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-cop29 tag-enterpriseclimate tag-fertiglobe tag-nuclear-energy tag-saudi-arabia tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.bb5fccbb-f4b4-48aa-b88c-dfd9dfc2a011.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Good morning, friends. <\/strong><span style=\"background-color: transparent;\">We have a packed issue this morning with the latest on Masdar\u2019s second blockbuster green bond issuance and a spate of mining updates from around the region. But first, an update from Azerbaijan as they lay the groundwork for hosting COP29\u2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>Azerbaijan <\/strong><strong>launches the <\/strong><strong>Climate Finance Action Fund: <\/strong>Azerbaijan has launched the Climate Finance Action Fund (CFAF) aimed at raising USD 1 bn to support climate action in developing countries, according to a <a target=\"_blank\" href=\"https:\/\/cop29.az\/en\/news\/azerbaijan-launches-climate-finance-action-fund-in-package-of-initiatives-for-cop29\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. The fund, to be capitalized by contributions from fossil fuel-producing nations and companies, aims to mobilize the private sector and de-risk investments. It will also provide concessional and grant-based support to address natural disasters and offer guarantees for renewable energy producers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The CFAF is part of a broader COP29 action agenda, which includes 14 initiatives working on climate action, the statement added. The fund will focus on various sectors, including food and agriculture, and will reinvest profits from projects back into the fund. Half of the capital will support clean energy tech and energy efficiency projects in developing countries, while the remaining funds will help member countries meet their Nationally Determined Contributions to keep the 1.5\u00b0C temperature target within reach.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works:<\/strong> Azerbaijan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6efbc0be-16ad-45d7-b046-fd73c9682714\" style=\"\" rel=\"noopener\">announced<\/a> launching the fund to raise at least USD 500 mn in climate finance for poorer countries with a contribution from the state-owned oil company Socar last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story was picked up by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/azerbaijan-launches-climate-fund-seeks-fossil-fuel-producer-support-2024-07-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-19\/cop29-host-azerbaijan-shelves-fossil-fuel-tax-for-voluntary-fund\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/article\/2024\/jul\/20\/cop29-host-azerbaijan-seeks-1bn-from-fossil-fuel-producers-for-climate-fund\" style=\"\" rel=\"noopener\">The Guardian<\/a><\/strong><strong>.<\/strong><\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong><a id=\"wwtt1\"><\/a>#1- <\/strong><strong>Saudi officials head to Brazil and Chile amid global mining push: <\/strong>A delegation led by Industry and Mineral Resources Minister Bandar Al Khorayef will be in Brazil and Chile for more than a week starting today to look at potential investments in mining and manufacturing, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2142289\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The delegation will meet with government officials as well as execs from top mining, aviation and food companies \u2014 including Vale, Minerva Foods, JBS, BRF SA, Codelco, Antofagasta, and others \u2014 in both countries. The delegation\u2019s trip to South America wraps up on Tuesday, 30 July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A focus on lithium: <\/strong>The visit to Chile, the world\u2019s second-largest producer of lithium, comes as the Kingdom continues to invest in green energy and after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5642471a-cf88-4a01-8f43-17d8e0fc9a4d\/\" style=\"\" rel=\"noopener\">policymakers<\/a> identified it as a key national priority.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Lithium is a critical component of both modern consumer electronics and the green transition, factoring into everything from rechargeable batteries for phones and computers to electric vehicles and grid storage. Al Khorayef <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a2fddbf3-6f07-42c5-a909-bf47af342a97\" style=\"\" rel=\"noopener\">said in April<\/a> that Saudi will continue to source lithium from abroad as part of its plans for the nascent EV sector as securing domestic supplies were still at an early stage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The <\/strong><strong>two-day <\/strong><strong>8th Ministerial on Climate Action <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.greenpeace.org\/eastasia\/press\/8587\/greenpeace-east-asias-comment-on-the-8th-ministerial-on-climate-action-22-23-july-china\/\" style=\"\" rel=\"noopener\">kicks off today<\/a><\/strong> in Wuhan, China. Hosted by China, the EU, and Canada, the meeting will focus on addressing challenges in international climate negotiations, enacting strong commitments under the Paris Agreement, and developing ambitious national climate action plans ahead of COP29. The COP28 Presidency <a target=\"_blank\" href=\"https:\/\/x.com\/COP28_UAE\/status\/1814581700392853617\" style=\"\" rel=\"noopener\">will join the meetings<\/a> to discuss progress on the <a target=\"_blank\" href=\"https:\/\/cop28.com\/UAEconsensus\" style=\"\" rel=\"noopener\">UAE Consensus<\/a> and <a target=\"_blank\" href=\"https:\/\/www.cop28.com\/en\/the-uae-consensus-presidential-action-agenda\" style=\"\" rel=\"noopener\">COP Presidential Action Agenda<\/a>. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/02cc53bd-ecfd-4201-a664-0b7aad167fe5\/today:-the-uae-is-getting-a-lithium-processing-plant-in-dubai\" style=\"\" rel=\"noopener\">COP Presidencies Troika<\/a> will also host an Action and Ambition Majlis during the meetings focusing on the conservation, protection and restoration of forests, sinks and reservoirs<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON A RELATED NOTE- <\/strong><strong>Sweden <\/strong><strong>joins COP28 climate finance framework: <\/strong>Sweden has signed the UAE\u2019s Leaders Declaration on a Global Climate Finance Framework which was published at COP28, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/COP28_UAE\/status\/1813621728829989159\" style=\"\" rel=\"noopener\">statement<\/a>. With the addition of Sweden, the declaration is backed by 15 countries, including Barbados, Columbia, France, Germany, Ghana, Kenya, Senegal, the UK, and the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the declaration:<\/strong> The UN\u2019s Independent High-Level Expert Group released its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/74f9240f-d48c-4615-8610-52b06c779e63\/cop28-negotiators-introduce-draft-text-for-new-global-adaptation-goals-%2B-global-finance-experts-roll-out-climate-finance-roadmap\" style=\"\" rel=\"noopener\">Climate Finance Framework<\/a> report during the summit outlining the action plans needed to implement the framework and deliver on the Paris Agreement. The report outlines a roadmap to deliver climate funding and address the issues facing emerging markets and developing countries in their implementation of adaptation and mitigation policies.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Fertiglobe to move forward with green ammonia export after final decision on Egyptian <\/strong><strong>plant: <\/strong>UAE-based urea and ammonia exporter <a target=\"_blank\" href=\"https:\/\/fertiglobe.com\/\" style=\"\" rel=\"noopener\">Fertiglobe\u2019s<\/a> agreement to export green ammonia from its Egyptian plant to Europe will hinge on reaching financial investment decision for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a79814c8-73f2-4320-9ce5-b4861c37eeeb\/emirati-firms-ink-more-than-usd-30-bn-renewables-agreements-in-egypt#:~:text=PLUS%2D%20Scatec%20advances,ammonia%20purchase%20agreement.\" style=\"\" rel=\"noopener\">Ain Sokhna green ammonia plant<\/a>, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/financial-markets\/49099\/%D9%87%D8%B0%D8%A7-%D8%B4%D8%B1%D8%B7-%D8%A5%D8%AA%D9%85%D8%A7%D9%85-%D8%B5%D9%81%D9%82%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D9%88%D9%86%D9%8A%D8%A7-%D9%85%D9%86-%D9%85%D8%B5%D8%B1-%D8%A5%D9%84%D9%89-%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D8%A7\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a company official. The source clarified that the supply contract is non-binding and depends on finalizing the investment agreement with the consortium developing the plant, with a decision anticipated in 1H 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Fertiglobe <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f5abf384-29b6-40d9-bc15-0d60974a882e\/%253cmark%253efertiglobe%253c%2Fmark%253e-secures-first-ever-green-ammonia-tender-to-supply-green-ammonia-to-europe\" style=\"\" rel=\"noopener\">secured a EUR 397 mn offtake agreement<\/a> from the German government\u2019s H2Global program to supply green ammonia to the EU from its Egyptian facilities between 2027 and 2033, which it is developing as part of a consortium comprising Scatec, the Sovereign Fund of Egypt, and Orascom Construction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant: <\/strong>The plant kicked off its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/952ee209-52e7-435e-860b-caf16ba6251b\/\" style=\"\" rel=\"noopener\">first phase<\/a> in November 2022 and aims to produce some 13k tons of green hydrogen a year, which will be used to create 70k tons of green ammonia at Fertiglobe\u2019s ammonia plants. 270 MW of solar and wind power plants will be installed to power the plant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong><a id=\"wwtt2\"><\/a>#2- UAE is looking to build a second nuclear power plant: <\/strong>The UAE is considering building a second nuclear power plant worth USD tens of bns, potentially attracting bids from China, Russia, or the US, UAE\u2019s Ambassador to Austria and the Permanent Representative to the UN's nuclear agency Hamad Alkaabi told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/gulf-state-uae-considers-second-nuclear-power-plant-2024-07-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> last week. South Korea will not be favored during the tender issue as Korea Electric Power Corporation was already awarded a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2b04043-04e8-4533-b2b0-5284f7be9071\/uae,-south-korea-expand-cooperation-on-nuclear-energy-and-morocco,-us-boost-renewables-tech-collaboration\" style=\"\" rel=\"noopener\">USD 20 bn contract<\/a> for UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e2f2016c-930f-4150-83e4-11d44182e14f\/uae%25e2%2580%2599s-silal-inks-agreement-for-solar-powered-irrigation-and-the-uae-ramps-up-action-on-nuclear-power-and-carbon-markets\" style=\"\" rel=\"noopener\">Barakah nuclear plant<\/a>. No final budget, size, or location decisions have been made yet, but the government is actively exploring the option with a tender possibly being issued this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER UAE NEWS-<\/strong> <strong>UAE\u2019s<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.beeahgroup.com\/\" style=\"\" rel=\"noopener\">Bee\u2019ah<\/a><\/strong><strong> is exploring investments up to AED 500 mn (c. USD <\/strong><strong>136 mn) in <\/strong><strong>Egypt\u2019s waste management and sustainability,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0N4Fjy5pccq4vXq68VknJZrAMh43E6QsiC8BAoBXDxeBbZpFnfaQfJwUyiPMDL3uzl?_rdc=2&amp;_rdr\" style=\"\" rel=\"noopener\">statement<\/a> published on Saturday. The firm is looking to build multilateral partnerships with local and foreign partners working in medical waste management and agricultural waste recycling. Bee\u2019ah is also looking to partner with investment funds to hedge financing risks. This came during a meeting between company representatives and Environment Minister Yasmine Fouad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bee'ah is no stranger to Egypt:<\/strong> The firm was tapped in December to develop the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3122849f-8648-4bc2-bb67-3dcdd14d09e8\" style=\"\" rel=\"noopener\">solid waste management infrastructure<\/a> in the new capital. The initiative aims to divert 80% of waste away from landfills as well as develop waste management infrastructure including advanced collection systems, recycling facilities, and waste treatment plants.<\/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>Airlines <\/strong><strong>expect passenger numbers to double over the next two decades, driven <\/strong><strong>by emerging markets like Asia Pacific and the Middle East,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/aviation\/global-airline-passenger-traffic-expected-to-double-in-20-years-b0yocjw3\" style=\"\" rel=\"noopener\">AFP<\/a> reported on Friday, citing updated data by global airline coalition International Air Transport Association. The Asia Pacific region is projected to lead with 4.8% annual growth by 2043, while Africa and the Middle East will see a 3.6% increase in the same period. Sustainable aviation fuel (SAF) \u2014 which currently makes up just 0.53% of fuel consumption \u2014 is expected to play a key role in decarbonizing the sector, though significant investments are still needed to scale production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>industry has a deadline to decarbonize:<\/strong> The aviation industry \u2014 which accounts for almost 3% of global CO2 emissions \u2014 has a critical deadline to introduce cleaner planes by the mid-2030s, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-18\/cleaner-jets-needed-by-2035-to-reach-net-zero-goal-study-finds\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week, citing a recent <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1565.pdf\" style=\"\" rel=\"noopener\">study (pdf)<\/a> by the International Council on Clean Transportation (ICCT). The study emphasizes the need for new aircraft models that emit zero CO2 throughout their operational lifetimes, given the long service life of commercial planes, which typically span about 25 years. The ICCT warns that the current fleet will consume half of the 2050 carbon budget, urging plane makers to accelerate the development of zero-emissions aircraft, particularly those powered by hydrogen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not an easy path: <\/strong>While Airbus and Boeing are working on more efficient models and SAF blends, with Airbus aiming to introduce a hydrogen-powered aircraft by 2035, the adoption of SAF and other technologies is progressing slowly, and startups in the electric and hydrogen-powered aircraft sectors face financial hurdles, the study found. The ICCT estimates a market for at least 10k new aircraft powered by hydrogen, electricity, or 100% sustainable fuels through 2042, and is calling for increased investments and stricter emissions limits for new planes<\/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>Emerging companies operating in the global energy sector secured over USD 7 bn in <\/strong><strong>early stage financing in 1H 2024 with USD 5.9 bn earmarked for clean energy projects<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b47gsn2-%D8%A3%D9%84%D9%81-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B7%D8%A7%D9%82%D8%A9-%D9%86%D8%A7%D8%B4%D8%A6%D8%A9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7-%D8%AA%D8%AC%D9%85%D8%B9-%D8%AA%D9%85%D9%88%D9%8A%D9%84%D8%A7%D8%AA-%D9%85%D8%A8%D9%83%D8%B1%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reported, citing data from the <a target=\"_blank\" href=\"https:\/\/www.iea.org\/data-and-statistics\/data-tools\/energy-start-up-data-explorer\" style=\"\" rel=\"noopener\">International Energy Agency<\/a>. Some USD 1.4 bn went towards digital energy ventures in the same period. 2022 set the record for the highest level of early financing in energy in the last 24 years, reaching USD 24.8 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>Last year the share of emerging companies operating in the field of renewable energy stood at 32.2%, Wam writes, with 8.2% was attributed to solar firms and 0.6% for wind energy. Companies operating in the field of energy efficiency represented 16.8% of the energy market, while energy storage and batteries took 10.3%, and nuclear companies amounted to 1.1% of the market. There are currently around 63.7k clean energy startups operating globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE has its share of the growth: <\/strong>Energy startups based in the UAE secured over AED 110.2 mn (c. USD 30 mn) in funding in 1H 2021, according to another report by <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b47gsn2-%D8%A3%D9%84%D9%81-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B7%D8%A7%D9%82%D8%A9-%D9%86%D8%A7%D8%B4%D8%A6%D8%A9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7-%D8%AA%D8%AC%D9%85%D8%B9-%D8%AA%D9%85%D9%88%D9%8A%D9%84%D8%A7%D8%AA-%D9%85%D8%A8%D9%83%D8%B1%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a>. Energy storage and battery startups contributed 33.3% of the total, followed by solar energy companies at 25%, and wind energy at 8.3%. The remaining 33.3% was distributed among other renewable and clean energy sources. As of the end of 2023, the UAE was home to 54 energy startups, including 12 in energy storage and batteries, 9 in energy efficiency, 21 in various renewable energy fields, and 12 in other energy sectors.<\/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>Takaful protects farmers against climate risks: <\/strong>Takaful ins. is catching the attention of Islamic farmers who are wary of interest-gaining ins. contracts but still seek means to protect their farmland against climate disasters, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-18\/backlash-against-esg-seen-in-sharp-decline-of-fund-launches?srnd=green-esg-investing\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. Takaful ins. abides to Islamic law with buyers pooling their money to offset each others\u2019 losses, regaining any surpluses after service fees and other costs are paid. This type of ins. is yet another protection instrument joining the ranks of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad309efd-393e-4bba-afd1-12d7d5fa8e56\/what-are-catastrophe%253cmark%253e-bonds%253c%2Fmark%253e-and-why-are-they-under-threat%3F\" style=\"\" rel=\"noopener\">catastrophe bonds<\/a> and weather derivatives as climate risks play a greater role in ensuring protection against losses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Case in point: <\/strong>Pakistani farmer Izhar ul-Haq turned to YouTube to learn innovative agricultural protection measures and adapt to increasing water scarcity and high temperatures, but the 2022 Pakistan floods proved extreme weather events are uncontrollable. Following the floods, ul-Haq and other farmers who were averse to commercial ins. coverage due to their religious beliefs found Takaful to be an effective alternative to protect them from climate dangers.<\/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\">Were you forwarded this email? <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>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/worldesgsummit.com\/\" style=\"\" rel=\"noopener\">World ESG Summit<\/a><\/strong><strong> from Tuesday, 20 August to Wednesday, 21 <\/strong><strong>August<\/strong> in Dubai. The summit will gather experts and industry leaders to explore new ways to integrate Environmental, Social, and Governance (ESG) principles into business practices. <\/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:\/\/www.cgee.org\/\" style=\"\" rel=\"noopener\">International Conference on Clean and Green Energy Engineering<\/a><\/strong> <strong> from Saturday, 24 August to Monday, 26 August<\/strong> in Izmir. The event will gather researchers and professionals to share advances in clean energy. It will also offer a platform to discuss the latest research, practices, and applications in clean and green energy engineering.<\/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\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85513\" 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=\"85514\" 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=\"85514\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\r\n                            Masdar raises USD 1 bn in second green bond issuance                        <\/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\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\" 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\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/')\">\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\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\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=Masdar raises USD 1 bn in second green bond issuance&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\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\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/&title=Masdar raises USD 1 bn in second green bond issuance\">\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=Masdar+raises+USD+1+bn+in+second+green+bond+issuance+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fmasdar-raises-usd-1-bn-in-second-green-bond-issuance%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\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85515\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/2595-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2595.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85514\" class=\"content-area-description single-story post-85514 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-green-bonds tag-masdar tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.e4d878f2-74fb-4cd9-9229-98487a0e55e1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE renewable energy developer Masdar raised USD 1 bn in its second green <\/strong><strong>bond issuance<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1515.pdf\" style=\"\" rel=\"noopener\">press release(pdf)<\/a>. The issuance consisted of two tranches worth USD 500 mn each, with five- and 10-year tenors, carrying yields of 4.875% and 5.25%, according to the statement. In line with Masdar's corporate credit ratings, this second issuance was rated AA- by Fitch and A2 by Moody's.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- <\/strong><span style=\"background-color: transparent;\">Fitch recently <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3ad5fc4-4eb7-4931-aaec-d452ab527086\/ultratech-closes-rak-white-cement-acquisition#:~:text=Fitch%20Ratings%20upgraded%20Abu%20Dhabi%20Future%20Energy%20Company%E2%80%99s%20(Masdar)%20long%20term%20foreign%20and%20local%20currency%20issuer%20default%20ratings%20to%20AA%2D%20with%20a%20stable%20outlook%2C%20from%20A%2B%20previously%2C%20it%20said%20in%20a%20statement.%20The%20agency%20cited%20support%20from%20the%20Abu%20Dhabi%20government%20as%20the%20reason%20for%20the%20upgrade.\" rel=\"noopener\">upgraded<\/a><span style=\"background-color: transparent;\"> Masdar's credit rating one notch to 'AA-', stable outlook, recognizing the company's financial strength and the support from its shareholders, the latter evidenced by their significant contributions to fund Masdar's growth ambitions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance saw strong demand,<\/strong> booking USD 4.6 bn in orders with a 4.6x oversubscription rate. Some 70% of the allocation went to international investors with the balance going to MENA investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was in the works: <\/strong>Masdar said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/09da6dad-52e2-45de-ac59-8c3dc8e807f3\/it%25e2%2580%2599s-been-a-busy-week-for-masdar-in-the-eu\" style=\"\" rel=\"noopener\">in April<\/a> that it was planning to take a green bond issuance worth between USD 750 mn and 1 bn to market this year to secure funding for its renewable projects in Central Asia, specifically in Uzbekistan and Azerbaijan. This comes as part of a USD 3 bn bonds program aimed at funding clean energy initiatives in the UAE and globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The energy giant raised USD 750 mn last year in its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e06471aa-d27b-4f1a-b198-708557ab04a3\/%253cmark%253emasdar%253c%2Fmark%253e-draws-massive-interest-in-debut-green-bonds-sale,-securing-usd-4.2-bn-in-demand\" style=\"\" rel=\"noopener\">debut green bond sale<\/a>, which it listed on both the London Stock Exchange and the ADX. The bonds \u2014 which were 5.6x oversubscribed \u2014 were priced at 115 basis points over US treasuries from an initial guidance of around 150 bps over the same benchmark.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS: <\/strong>HSBC, Abu Dhabi Commercial Bank, Citigroup, Credit Agricole, First Abu Dhabi Bank (FAB), Mitsubishi UFJ Financial Group, Natixis, and Standard Chartered Bank acted as joint lead managers and bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- The regional sustainable debt market has been on a tear this year:<\/strong> UAE\u2019s Sharjah government issued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/269c7143-0865-448b-b617-ff4b76ffbdad\/sharjah-gov%25e2%2580%2599t-starts-selling-eur-500-mn-sustainability-bonds\" style=\"\" rel=\"noopener\">EUR 500 mn in sustainability bonds<\/a>, while Kuwait\u2019s Warba Bank issued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad695804-27d1-4f20-9ca0-916e3f73eed1\/kuwait%25e2%2580%2599s-warba-bank-kicks-off-a-usd-500-mn%253cmark%253e-green-bond%253c%2Fmark%253e-issuance\" style=\"\" rel=\"noopener\">USD 500 mn green sukuk<\/a>, and Qatar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/34146101-b214-4c92-ad11-a1d683dd4b83\/%253cmark%253eqatar%253c%2Fmark%253e%25e2%2580%2599s-debut-usd-denominated-green-bonds-were-5.6x-oversubscribed\" style=\"\" rel=\"noopener\">USD 2.5 green bond<\/a> attracted USD 14 bn in orders. Al Rajhi also raised USD 1 bn from a 5-year sustainable sukuk sale <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f20a300f-1d96-436d-b13b-8f20933d0d63\/saudi-arabia%25e2%2580%2599s-al-rajhi-raises-usd-1-bn-from-5-year-sustainable-sukuk-sale\" style=\"\" rel=\"noopener\">in March<\/a>. Meanwhile, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6209858f-276c-4900-a2ea-8b00b57a8c5d\/qatar%25e2%2580%2599s-qiib-lists-usd-500-mn-sustainable-sukuk-issuance-on-the-london-stock-exchange\" style=\"\" rel=\"noopener\">Qatar\u2019s QIIB<\/a> listed USD 500 mn sustainable sukuk issuance on the London Stock Exchange in January, and the UAE sovereign fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/11e6373f-1f5a-45e5-ba2f-6e480c9e1559\/mubadala%25e2%2580%2599s-usd-750-mn%253cmark%253e-green%253c%2Fmark%253e-bonds-see-secondary-listing-on-adx\" style=\"\" rel=\"noopener\">Mubadala<\/a> listed USD 4.5 bn and AED 750 mn green bonds on the ADX. <\/p>\n<p class=\"tag-border-left\">IN OTHER MASDAR NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More investments lined up for Indonesia?<\/strong> Masdar signed an MoU with Indonesian state-owned electricity distribution firm <a target=\"_blank\" href=\"https:\/\/www.pln.co.id\/\" style=\"\" rel=\"noopener\">Perusahaan Listrik Negara<\/a> to explore installing solar energy on industrial and commercial rooftops in Indonesia, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/Masdar\/status\/1813604589125480872\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The pair have already collaborated on the USD 108.7 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/999460e5-2aaf-4529-8040-4e12ccaa2736\/today:-it%25e2%2580%2599s-a-saudi-%2B-m&amp;a-heavy-day\" style=\"\" rel=\"noopener\">Cirata 145 MW<\/a> (192 MWp) floating solar plant that recently met the country\u2019s local content requirements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Expansion plans are underway:<\/strong> The company entered a Joint Development Study Agreement with PLN Nusantara Power aiming to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a61044bb-d031-475b-9ad3-1964b175dc8f\/\" style=\"\" rel=\"noopener\">triple the capacity<\/a> of the operating Cirata floating PV project to 500 MW in May. The plans were initially announced last September when Masdar and PLN signed an initial agreement to move forward with tripling the size of the plant.<\/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-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85516\" 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=\"85516\">\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\">MINING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/\">\r\n                            Saudi puts five exploration licenses up for grabs for \u201clargest mineralized belts\u201d ever offered to investors                        <\/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\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/\" 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\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/')\">\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\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi puts five exploration licenses up for grabs for \u201clargest mineralized belts\u201d ever offered to investors&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/\">\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\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/&title=Saudi puts five exploration licenses up for grabs for \u201clargest mineralized belts\u201d ever offered to investors\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+puts+five+exploration+licenses+up+for+grabs+for+%E2%80%9Clargest+mineralized+belts%E2%80%9D+ever+offered+to+investors+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fsaudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors%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\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1679.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85517\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/saudi-puts-five-exploration-licenses-up-for-grabs-for-largest-mineralized-belts-ever-offered-to-investors\/1679-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1679.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1679.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1679.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1679.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85516\" class=\"content-area-description single-story post-85516 post type-post status-publish format-standard has-post-thumbnail hentry category-mining tag-enterpriseclimate tag-mining tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.00bc1759-e1e1-4ab6-9cbf-d31e89e21c21.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Saudi Arabia is offering five exploration licenses for the country\u2019s <\/strong><strong>most extensive mineralized belts covering a combined total area of 4.7k sqm<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2142031\" style=\"\" rel=\"noopener\">SPA<\/a> reports. Three exploration licenses are being offered to local and foreign investors in the Jabal Sayid mining site in Madinah, with the remaining two are reserved for Al Hajjar mining site in Aseer. Both sites include critical minerals for the green transition including gold, silver, copper, zinc and lead, according to KSA\u2019s Industry and Mineral Resources Ministry. The bidding round comes <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/468812a9-71f6-4bdd-a0cf-8d2252e75cf7\" style=\"\" rel=\"noopener\">nearly a month<\/a> after the ministry handed exploration licenses at six mining sites to five companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What\u2019s next: <\/strong><span style=\"background-color: transparent;\">The pre-qualification stage for local and global firms runs from July to October 2024, with the ministry evaluating offers in December 2024, according to SPA. The licenses would be awarded in January 2025.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Saudi is ramping up investment in mineral exploration: <\/strong>The Industry and Mineral Resources Ministry unveiled <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e05daf4b-eff6-4b06-997c-6fa072982e5e\" style=\"\" rel=\"noopener\">earlier this year<\/a> a fresh incentives package worth SAR 685 mn to boost mineral exploration in the Kingdom. The program was rolled out in collaboration with the Investment Ministry and aims to reduce early-stage risk for exploration companies. It comes as part of efforts to expand the sector and tap reserves of gold, phosphate and others. The nation\u2019s untapped mineral resources are now worth as much as USD 2.5 tn, or 90% more than the last forecast in 2016, officials said <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/10\/saudi-arabia-nearly-doubles-estimate-for-the-value-of-its-mineral-resources-.html\" style=\"\" rel=\"noopener\">earlier in January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi is upping its mining efforts:<\/strong> Manara Minerals, a JV between Saudi Arabian Mining (Ma\u2019aden) and the Public Investment Fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4dd5d84a-633a-4654-88a4-7a4a9e2956ca\" style=\"\" rel=\"noopener\">completed the acquisition<\/a> of a minority stake in Brazilian miner Vale Base Metals in May. Manara is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/24242a77-83d7-40f0-a245-fb0fd907b420\/\" style=\"\" rel=\"noopener\">also eying a stake<\/a> in Zambia\u2019s First Quantum Minerals copper mines Sentinel and Kansanshi, and is also about to close a USD 1 bn investment in Barrick Gold\u2019s Reko Diq copper and gold mining project in Pakistan. Aramco is also reportedly planning to extract lithium from brine found in its oilfields.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more: <\/strong>Saudi\u2019s Riwaq Al Mawarid for Mining \u2014 a subsidiary of Australian battery chemicals and technology company EV Metals Group \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2fee1e62-67d5-4dba-af7d-cc390f564da5\" style=\"\" rel=\"noopener\">signed a binding earn-in joint venture agreement<\/a> with UK exploration company Power Metals Resources to expand EVM's exploration activities in the Arabian Shield in March.<\/p>\n<p class=\"tag-border-left\">MORE FROM THE MINING FRONT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi's Council of Ministers <\/strong><strong>approved the National Minerals Program to enhance the efficiency and continuity of mineral supply chains<\/strong>, <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/644287\/SAUDI-ARABIA\/Saudi-Arabia-launches-national-minerals-program-to-boost-supply-chains-and-economic-development\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reported last week. The initiative aims to support local industries and major projects by leveraging the kingdom\u2019s significant mineral wealth. The program will focus on unifying roles among various entities to bridge any gaps in operations, and build local capacities to ensure a continuous supply of industrial materials.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85518 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"85518\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/85518\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85518\" class=\"content-area-description single-story post-85518 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareinfinitypower.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/851.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85519\" 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=\"85519\">\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\">GREEN STEEL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/\">\r\n                            Turkey\u2019s Tosyal\u0131 to build world's largest DRI complex in Libya                        <\/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\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/\" 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\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/')\">\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\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/\">\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=Turkey\u2019s Tosyal\u0131 to build world's largest DRI complex in Libya&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/\">\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\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/&title=Turkey\u2019s Tosyal\u0131 to build world's largest DRI complex in Libya\">\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=Turkey%E2%80%99s+Tosyal%C4%B1+to+build+world%27s+largest+DRI+complex+in+Libya+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fturkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya%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\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1610.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85520\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/1610-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1610.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1610.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1610.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1610.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85519\" class=\"content-area-description single-story post-85519 post type-post status-publish format-standard has-post-thumbnail hentry category-green-steel tag-enterpriseclimate tag-green-steel tag-turkey 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\/7\/.f0c36925-934f-4aee-b19e-c6f4306f3b56.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Turkish green steel producer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tosyaliholding.com.tr\/en\" style=\"\" rel=\"noopener\">Tosyal\u0131<\/a><\/strong><strong> signed an agreement to construct the world\u2019s <\/strong><strong>largest direct reduced iron (DRI) complex in Benghazi Libya<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.tosyaliholding.com.tr\/en\/media-central\/press-releases\/tosyali-holding\/2024\/tosyali-sulb-started-the-investment-of-the-worlds-largest-dri-complex-in-benghazi-libya\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.tosyaliholding.com.tr\/en\/media-central\/press-releases\/tosyali-holding\/2024\/tosyali-sulb-started-the-investment-of-the-worlds-largest-dri-complex-in-benghazi-libya\" style=\"\" rel=\"noopener\">release<\/a> released on Thursday. The complex \u2014 which will use tech compatible with hydrogen fuel \u2014 will be developed in collaboration with <a target=\"_blank\" href=\"https:\/\/www.sulb.com.bh\/#!\/home\" style=\"\" rel=\"noopener\">Libya United Steel Company (SULB)<\/a>. The two established a JV called Tosyal\u0131-SULB that will be responsible for the project\u2019s development and operation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">About the project:<\/strong><span style=\"background-color: transparent;\"> The complex will eventually have the capacity to produce 8.1 mn tons using <\/span><a target=\"_blank\" href=\"https:\/\/www.midrex.com\/tech-article\/fueling-the-future-of-ironmaking-midrex-flex\/\" rel=\"noopener\">MIDREX Flexi DRI<\/a><span style=\"background-color: transparent;\"> technology, which is compatible with hydrogen for green steel production. The initial phase will have a production capacity of 2.7 mn tons to meet regional and European Hot Bricket Iron (HBI) needs.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a larger plan for Tosyal\u0131:<\/strong> The company is expanding its investments across Europe, Africa, and Asia, according to the statement. It recently invested in Turkey, Algeria, Senegal, Angola, and Spain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tosyal\u0131 has regional interests and investments lined up:<\/strong> The steelmaker could <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/be57a07d-f89b-4990-bb95-af3cd2085b25\/today:-aramco-funnels-usd-4-bn-towards-aramco-ventures\" style=\"\" rel=\"noopener\">invest as much as USD 5 bn<\/a> in a planned steel plant in Saudi Arabia as part of its international growth plans, chairman Fuat Tosyali said back in January. Tosyal\u0131 also <a target=\"_blank\" href=\"https:\/\/www.kallanish.com\/en\/news\/steel\/market-reports\/article-details\/tosyali-eyes-flats-investment-in-saudi-arabia-0124\/\" style=\"\" rel=\"noopener\">inked a MoU<\/a> with the National Industrial Development Center to set up a flat rolled steel complex in Ras Al Khair industrial zone. The facility will produce 4 mn tons per year of hot and cold rolled coil, galvanized coil, and electrical steel for sale to the automotive, machinery and energy sectors.<\/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-steel\/\">GREEN STEEL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/turkey\/\">Turkey<\/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=\"85521\" 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=\"85521\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/\">\r\n                            Critical Mineral Resources secures option to acquire Morocco\u2019s Igli copper project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/')\">\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\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/\">\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=Critical Mineral Resources secures option to acquire Morocco\u2019s Igli copper project&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/&title=Critical Mineral Resources secures option to acquire Morocco\u2019s Igli copper project\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Critical+Mineral+Resources+secures+option+to+acquire+Morocco%E2%80%99s+Igli+copper+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fcritical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/350.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85522\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/critical-mineral-resources-secures-option-to-acquire-moroccos-igli-copper-project\/350-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/350.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"350.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/350.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/350.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85521\" class=\"content-area-description single-story post-85521 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-critical-minerals tag-enterpriseclimate tag-ma-watch tag-mining tag-morocco 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\/7\/.abb87d3b-2d72-4747-a903-4f8c9eef4d43.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>CMR <\/strong><strong>to acquire Moroccan copper project: <\/strong>UK-based mining company <a target=\"_blank\" href=\"https:\/\/cmrplc.com\/\" style=\"\" rel=\"noopener\">Critical<\/a><a target=\"_blank\" href=\"https:\/\/cmrplc.com\/\" style=\"\" rel=\"noopener\">Mineral Resources<\/a> (CMR) has signed an option agreement to acquire 90% of the Igli copper and gold project in Morocco, according to a <a target=\"_blank\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/CMRS\/high-grade-silver-option-and-successful-funding\/16571583\" style=\"\" rel=\"noopener\">disclosure<\/a> published on the London Stock Exchange last week. The company raised EUR 750k (USD 976k) for the acquisition through <a target=\"_blank\" href=\"https:\/\/cbonds.com\/glossary\/credit-linked-note-cln\/\" style=\"\" rel=\"noopener\">convertible loan notes<\/a> \u2014 a financial instrument combining elements of a traditional bond with an embedded credit default swap \u2014 a significant amount of which came from UAE-based private investment firm <a target=\"_blank\" href=\"https:\/\/prismgroup.co\/\" style=\"\" rel=\"noopener\">Prism Group<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What\u2019s next? <\/strong><span style=\"background-color: transparent;\">CMR has 16 months to conduct geochemical, geophysical, and drilling activities before making the main acquisition payment.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>CMR will pay USD 12k to get exclusive rights to investigate the property for two months. They then have 14 months to buy 90% for USD 560k with a potential extra fee of USD 60k if they don\u2019t decide within the specified seven month period. The final USD 150k payment will be due six months after the latest payment. CMR has the option to buy the remaining 10% for USD 500k in cash. The total cost for the whole project is estimated around USD 1.29 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project:<\/strong> The project is located in the Anti-Atlas region along the same structural corridor as the Tiouit and <a target=\"_blank\" href=\"https:\/\/www.mindat.org\/loc-2394.html\" style=\"\" rel=\"noopener\">Imiter<\/a> mines. The project, known for its high-grade silver and copper, has shown results with grades of up to 912 grams per ton of silver and 2.97% copper concentrations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm has been eyeing Morocco: <\/strong>CMR\u2019s subsidiary Atlantic Research Minerals agreed to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2d84a81a-fb62-4632-be04-f3264930f23d\/today:-totalenergies-is-going-to-court-over-uganda-oil-project-%2B-the-uae-wants-cop29,-too\" style=\"\" rel=\"noopener\">invest in the scoping and feasibility studies<\/a> for the cobalt-rich site of Zagora in Morocco, as part of an earn-in agreement with the project owner SA Strategy last year. ARM was set to acquire an initial 20-25% share in the project, which will rise to 70% after the feasibility study is completed. The company also raised around <a target=\"_blank\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/CMRS\/placing-to-raise-ps0-25-million\/16378920\" style=\"\" rel=\"noopener\">USD 39k<\/a> to advance its Ifri Project in Morocco, which showed promising copper, silver, and gold mineralization last March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco\u2019s mining sector has been in the spotlight: <\/strong>Canadian minerals exploration company Genius Metals also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/53118321-664f-4934-973b-bd0316d7e945\" style=\"\" rel=\"noopener\">signed an option agreement<\/a> with Morocco\u2019s Soci\u00e9t\u00e9 Bleida Mineral Resources to acquire 100% of its BMR copper-gold project in Ouarzazate last week. The European Bank for Reconstruction and Development is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dff1eb34-4252-4033-a55b-fa4b08f21b36\" style=\"\" rel=\"noopener\">extending a MAD 150 mn<\/a> (EUR 13.6 mn) loan to Moroccan mining equipment manufacturer Procaneq to boost energy efficiency in the kingdom\u2019s mining sector. Morocco and Turkey signed two cooperation agreements <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/057fe3f2-0ea1-4874-a7be-5eb5f9c45bc9\" style=\"\" rel=\"noopener\">earlier this month<\/a> in the energy, earth sciences, and mining sectors, including geological mapping, remote sensing, and AI for mineral assessment.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/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=\"85523\" 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=\"85523\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/\">\r\n                            Saudia finalizes agreement to purchase Lilium eVTOLs                        <\/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\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/\" 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\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/')\">\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\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/\">\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=Saudia finalizes agreement to purchase Lilium eVTOLs&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/\">\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\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/&title=Saudia finalizes agreement to purchase Lilium eVTOLs\">\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=Saudia+finalizes+agreement+to+purchase+Lilium+eVTOLs+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fsaudia-finalizes-agreement-to-purchase-lilium-evtols%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\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1677.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85524\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/saudia-finalizes-agreement-to-purchase-lilium-evtols\/1677-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1677.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1677.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1677.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1677.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85523\" class=\"content-area-description single-story post-85523 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-electric-vehicles tag-enterpriseclimate tag-evtol tag-green-mobility 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\/7\/.a75d5101-186a-4751-bbf6-3213328df381.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudia.com\/\" style=\"\" rel=\"noopener\">Saudi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudia.com\/\" style=\"\" rel=\"noopener\">Arabian Airlines<\/a><\/strong><strong> (Saudia) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3162a2d3-16cc-4e72-9c22-2ad2aba18f53\" style=\"\" rel=\"noopener\">finalized an agreement<\/a><\/strong><strong> with German <\/strong><strong>company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/lilium.com\/\" style=\"\" rel=\"noopener\">Lilium Air Mobility<\/a><\/strong><strong> to purchase 100 eVTOL aircrafts, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/lilium.com\/newsroom-detail\/saudia-group-signs-industry-leading-sales-agreement-with-lilium-to-acquire-up-to-100-evtol-jets\" style=\"\" rel=\"noopener\">statement<\/a> published last week. This transaction includes 50 confirmed orders and 50 optional ones, with the first deliveries expected in 4Q 2026. No financial details were disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The agreement covers a \u201cschedule of deposit and pre-delivery payments, delivery timelines, aircraft performance guarantees, and provisions on spare parts, maintenance, and repair,\u201d the statement adds. Saudia will help Lilium get certified by Saudi\u2019s General Authority of Civil Aviation before they can start commercial flights.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What will the jets be used for?<\/strong> Saudia Group plans to deploy the jets for seamless connections to regional hubs and new point-to-point city routes serving business travelers, tourists, and pilgrims. The firm plans to include a link between Jeddah to Makkah. The aircraft will significantly reduce carbon emissions by 10 mn tons annually and cut travel time by up to 90%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the jets:<\/strong> The six-passenger vehicle has a cruise speed of up to 250 kms per hour and a range of 175 kms, the statement said, adding that it\u2019s expected to reduce regional travel times by up to 90%. The maximum takeoff weight is around 3.2k kgs with a cruising altitude of 3k meters, according to <a target=\"_blank\" href=\"https:\/\/evtol.news\/lilium-gmbh-lilium-jet-7-seater\" style=\"\" rel=\"noopener\">Electric VTOL News<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A maintenance agreement will follow: <\/strong>Saudia is scheduled to sign an agreement with Lilium\u2019s customer service organization <a target=\"_blank\" href=\"https:\/\/lilium.com\/newsroom-detail\/lilium-launches-its-services-organization-and-offering-lilium-power-on\" style=\"\" rel=\"noopener\">Lilium POWER-ON<\/a> for aircraft fleet maintenance and other support services. The service unit offers training services, maintenance operations, material and battery management and global distribution, flight operations support, ground service equipment, and digital solutions, according to its <a target=\"_blank\" href=\"https:\/\/lilium.com\/newsroom-detail\/lilium-launches-its-services-organization-and-offering-lilium-power-on\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-vehicles\/\">ELECTRIC VEHICLES<\/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\/green-mobility\/\">green mobility<\/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=\"85525\" 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=\"85525\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/\">\r\n                            Egypt\u2019s regulatory body unveils the requirements for carbon trading                        <\/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\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/\" 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\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/')\">\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\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/\">\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=Egypt\u2019s regulatory body unveils the requirements for carbon trading&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/\">\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\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/&title=Egypt\u2019s regulatory body unveils the requirements for carbon trading\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+regulatory+body+unveils+the+requirements+for+carbon+trading+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fegypts-regulatory-body-unveils-the-requirements-for-carbon-trading%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\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1636.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85526\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/1636-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1636.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1636.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1636.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1636.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85525\" class=\"content-area-description single-story post-85525 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-carbon-markets 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\/7\/.9d510590-b702-4762-bd5d-9ec4da1d15e1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>FRA rolls out requirements for carbon trading:<\/strong> Brokerage firms looking to trade carbon certificates must have a minimum issued and paid-up capital of EGP 15 mn to get the greenlight from Egypt\u2019s Financial Regulatory Authority (FRA), according to a decision published on Egypt\u2019s Official Gazette. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Other requirements include: <\/strong><span style=\"background-color: transparent;\">Firms\u2019 ownership rights should not fall below the paid-up capital. And they must make the required tech infrastructure, cybersecurity, and e-systems needed to trade carbon certificates available. Also, brokerage firms are to appoint an FRA-trained executive to be responsible for carbon certificates trading.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Firms that tick all the boxes can submit a request to the FRA to get their carbon trading license. The authority should respond to the applications within a week\u2019s time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The EGX <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/68268b61-5682-45af-a907-019ac3373c6a\" style=\"\" rel=\"noopener\">in 2022<\/a> announced it would set up Africa\u2019s first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/68268b61-5682-45af-a907-019ac3373c6a\" style=\"\" rel=\"noopener\">voluntary carbon market<\/a>. The market will allow companies in Egypt and Africa working on emissions-reducing projects to sell certified carbon credits, which can then be bought by other companies wanting to offset their emissions.<\/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\/capital-markets\/\">CAPITAL MARKETS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/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=\"85527\" 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=\"85527\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/\">\r\n                            EV, renewables, and green finance updates from the UAE, Egypt, Kuwait and Algeria                        <\/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\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/\" 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\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/')\">\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\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/\">\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=EV, renewables, and green finance updates from the UAE, Egypt, Kuwait and Algeria&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/\">\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\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/&title=EV, renewables, and green finance updates from the UAE, Egypt, Kuwait and Algeria\">\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=EV%2C+renewables%2C+and+green+finance+updates+from+the+UAE%2C+Egypt%2C+Kuwait+and+Algeria+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria%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\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1669.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85528\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/ev-renewables-and-green-finance-updates-from-the-uae-egypt-kuwait-and-algeria\/1669-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1669.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1669.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1669.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1669.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85527\" class=\"content-area-description single-story post-85527 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-algeria tag-also-on-our-radar tag-egypt tag-enterpriseclimate tag-evs tag-green-finance tag-kuwait tag-renewables 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\/7\/.88a53f91-f6e1-41b0-a405-e4e30a72c692.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">ELECTRIC VEHICLES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RTA expands fleet with AED 1.1 bn low carbon bus order: <\/strong>Dubai\u2019s Roads and Transport Authority (RTA) purchased 636 new buses for AED 1.1 bn to enhance the emirate\u2019s public transport system, according to a <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/aed1.1-billion-deal-for-new-buses-with-low-carbon-emissions\" style=\"\" rel=\"noopener\">statement<\/a>. The new fleet \u2014 set to be delivered in 2024 and 2025 \u2014 comes as part of the RTA\u2019s plans to boost public transport use to 25% by 2030, and to convert 100% of public transport buses to electric and hydrogen-powered buses by 2050. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The breakdown: <\/strong><span style=\"background-color: transparent;\">The order includes 40 electric buses and 50 city service buses from Chinese bus manufacturer <\/span><a target=\"_blank\" href=\"http:\/\/www.zhongtongbuses.com\/\" rel=\"noopener\">Zhongtong<\/a><span style=\"background-color: transparent;\">, 400 city service buses from German <\/span><a target=\"_blank\" href=\"https:\/\/www.man.eu\/corporate\/en\/homepage.html\" rel=\"noopener\">MAN Truck &amp; Bus<\/a><span style=\"background-color: transparent;\">, 76 double-deckers from Volvo, and 70 articulated buses from Anadolu Isuzu.<\/span><\/p>\n<p class=\"tag-border-left\">RENEWABLES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Kuwait <\/strong><strong>Oil taps KBR for renewables projects:<\/strong> US-based engineering firm <a target=\"_blank\" href=\"https:\/\/www.kbr.com\/en\" style=\"\" rel=\"noopener\">KBR<\/a> secured an advisory consulting contract by Kuwait Oil Company for the production of 17 GW of renewables and 25 GW of green hydrogen by 2050, according to a <a target=\"_blank\" href=\"https:\/\/investors.kbr.com\/news-and-events\/news\/news-details\/2024\/KBR-Awarded-Advisory-Consulting-Contract-for-Kuwait-Oil-Companys-Renewables-and-Hydrogen-Masterplan-Project\/default.aspx\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The project will include deploying wind and solar power plants, combined with power storage capabilities, to support both internal industrial use and export purposes. KBR will conduct market analysis, techno-commercial feasibility studies, and training for Kuwaiti nationals for the next 18 months in preparation for the construction and launch of the renewables station.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Sonelgaz places major order from GE Vernova:<\/strong> Algerian state-owned energy company Sonelgaz placed a major order of electricity grid equipment from GE Vernova through their joint venture GE Algeria Turbines (GEAT) to support the integration of renewables to Algeria\u2019s grid, according to a <a target=\"_blank\" href=\"https:\/\/www.gevernova.com\/news\/press-releases\/ge-vernova-secures-major-order-grid-equipment-solutions-algeria\" style=\"\" rel=\"noopener\">press release<\/a> published last week. GEAT will install high voltage equipment, components, and grid automation solutions for 134 substations by 2028 at Sonelgaz\u2019s facility in Ain Yagout. Sonelgaz and GE Vernova signed an <a target=\"_blank\" href=\"https:\/\/www.gevernova.com\/news\/press-releases\/ge-vernova-and-sonelgaz-expand-capabilities-geat-enhance-algeria-grid-infrastructure\" style=\"\" rel=\"noopener\">agreement<\/a> earlier this year to expand GEAT towards high and extra-high voltage substations. <\/p>\n<p class=\"tag-border-left\">GREEN FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt + France partner for sustainable finance initiative: <\/strong>The Central Bank of Egypt (CBE) signed an MoU with the French Development Agency to launch a program that aims to provide financial institutions and regulatory authorities with technical support on environmental risk management and sustainable finance disclosures, <a target=\"_blank\" href=\"https:\/\/english.ahram.org.eg\/NewsContentP\/3\/527440\/Business\/CBE,-AFD-collaborate-to-promote-sustainable-develo.aspx\" style=\"\" rel=\"noopener\">Ahram Online<\/a> reported on Thursday. The initiative \u2014 called Finance in Common \u2014 will work on embedding sustainable finance in Egypt's financial sectors and will offer capacity-building programs, and credit facilities, particularly supporting micro, small, and medium enterprises. <\/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>Adesco <\/strong><strong>to build solar plant at UAEU: <\/strong><a target=\"_blank\" href=\"https:\/\/www.ades.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Energy Services Company<\/a> (Adesco), a subsidiary of Abu Dhabi National Energy Company (Taqa) , will establish a 9 MW solar plant in collaboration with the United Arab Emirates University in Al Ain. The project aims to install more than 14k solar panels on an area of 190k sqm on the university\u2019s campus to provide 25% of the university\u2019s annual electricity consumption and reduce carbon emissions by about 8k tons annually. (<a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-07-18-1.4906283\" style=\"\" rel=\"noopener\">Al Bayan<\/a>)<\/li>\n<li><strong>Iran <\/strong><strong>localizes solar panel and inverter production: <\/strong>An Iranian renewables tech firm has successfully localized the production of 5 kW solar inverters and solar panels for use in grid-connected power stations. The company has also developed a solar-powered water purifier to provide safe drinking water in underserved areas. The power of the inverters ranges from a few 10 watts to several MWs depending on the type of PV system. (<a target=\"_blank\" href=\"https:\/\/ana.ir\/ar\/news\/5783\/%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D8%A3%D9%84%D9%88%D8%A7%D8%AD-%D8%B4%D9%85%D8%B3%D9%8A%D8%A9-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AE%D8%AF%D8%A7%D9%85-%D9%81%D9%8A-%D9%85%D8%AD%D8%B7%D8%A7%D8%AA-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D9%85%D8%B1%D8%AA%D8%A8%D8%B7%D8%A9-%D8%A8%D8%B4%D8%A8%D9%83%D8%A9-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1\" style=\"\" rel=\"noopener\">ANA<\/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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kuwait\/\">Kuwait<\/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=\"85529\" 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=\"85529\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/\">\r\n                            Serbia and the EU ink critical minerals framework agreement                        <\/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\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/\" 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\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/')\">\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\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/\">\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=Serbia and the EU ink critical minerals framework agreement&url=https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/\">\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\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/&title=Serbia and the EU ink critical minerals framework agreement\">\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=Serbia+and+the+EU+ink+critical+minerals+framework+agreement+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F07%2F22%2Fserbia-and-the-eu-ink-critical-minerals-framework-agreement%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\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1682.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85530\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/serbia-and-the-eu-ink-critical-minerals-framework-agreement\/1682-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1682.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1682.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1682.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1682.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85529\" class=\"content-area-description single-story post-85529 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-critical-minerals tag-enterpriseclimate tag-fortescue tag-green-hydrogen tag-mining wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.d56874ad-a528-4741-9616-6a3a9a61a7f1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EU inks agreement with Serbia for lithium mining and EV production: <\/strong>Serbia and the European Union signed a framework agreement to secure critical raw materials, focusing on a planned lithium mine to boost EV production, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-19\/serbia-secures-eu-supply-deal-as-advances-lithium-ambitions\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday. The agreement aims to create a comprehensive lithium industry in Serbia in efforts to reduce dependence on Asian imports. Despite previous <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-20\/serbia-suspends-rio-tinto-s-2-4-billion-lithium-mine-project\" style=\"\" rel=\"noopener\">environmental protests<\/a>, Serbian Finance Minister Sinisa Mali emphasized the project's economic benefits including EUR 6 bn in investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Serbia just overturned the ban on Rio Tinto\u2019s lithium project:<\/strong><span style=\"background-color: transparent;\"> The agreement follows the <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-11\/serbia-s-top-court-rules-against-rio-tinto-s-lithium-project-ban\" rel=\"noopener\">reactivation<\/a><span style=\"background-color: transparent;\"> by Serbia\u2019s top court of the UK-based <\/span><a target=\"_blank\" href=\"https:\/\/www.riotinto.com\/\" rel=\"noopener\">Rio Tinto\u2019s<\/a><span style=\"background-color: transparent;\"> USD 2.4 bn project last week to develop Europe\u2019s largest lithium mine. The project was initially brought to a halt in 2022 by a governmental decree after \u201cthe public grew concerned that mining and processing the metal vital for battery production would heavily pollute the western part of Serbia where the mine was planned,\u201d the news outlet said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mercedes and Stellantis also want in: <\/strong>Automakers Mercedes Benz Stellantis signed a letter of intent in Belgrade to invest in developing EV battery outputs, Bloomberg added. <\/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>Fortescue cuts jobs and green hydrogen targets: <\/strong>Australian iron ore giant <a target=\"_blank\" href=\"https:\/\/fortescue.com\/\" style=\"\" rel=\"noopener\">Fortescue<\/a> is slowing down its 15 mn tons of green hydrogen per year by 2030 production target and cutting 700 jobs, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6a3cf923-5948-43bc-9955-47fb45fdabb9\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reported last week. The firm will still aim to produce 15 mn tons but not within the initial 2030 deadline as Australian power prices remain high while demand is yet to pick up, a company spokesperson told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/fortescue-job-cuts-come-ahead-expected-spending-ramp-up-decarbonisation-2024-07-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Fortescue has earmarked USD 6.2 bn for decarbonization efforts by 2030, but must pick up spending with their average yearly expenditure only at USD 300 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fortescue is active in the region: <\/strong>The Australian green energy firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8a9293f9-2b46-4af6-b11f-5c36a017aa1f\/\" style=\"\" rel=\"noopener\">recently signed an agreement<\/a> with Moroccan fertilizer giant OCP Group to form a JV to develop green hydrogen and ammonia projects in Morocco. The pair will collaborate to supply fertilizers, hydrogen, and ammonia domestically in the kingdom and export to European and global markets. Fortescue also signed an MoU with Egypt\u2019s sovereign wealth fund in 2022 to begin <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad094986-c805-4bd3-860a-a3a203bf1923\/today:-egypt%25e2%2580%2599s-ras-ghareb-wind-farm-gets-c.-usd-501-mn-fresh-financing\" style=\"\" rel=\"noopener\">conducting feasibility studies<\/a> on its planned USD 10 bn 9.2 GW green hydrogen project. Oman\u2019s Sohar International bank also inked an MoU with the firm in 2022 for green energy projects in Oman.<\/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>D.light + AFC to provide affordable solar to East African low income households: <\/strong>US-based affordable solar distributor <a target=\"_blank\" href=\"https:\/\/www.dlight.com\/\" style=\"\" rel=\"noopener\">d.light<\/a> and UK-based impact investor <a target=\"_blank\" href=\"https:\/\/www.africanfrontiercapital.com\/\" style=\"\" rel=\"noopener\">African Frontier Capital<\/a> (AFC) have partnered to finance consumer loans for solar and high efficiency appliances in Kenya, Tanzania, and Uganda. (<a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1466.pdf\" style=\"\" rel=\"noopener\">Press release, pdf<\/a>) <\/li>\n<li><strong>Shell quietly backtracks on recycling pledge: <\/strong>Shell is quietly backing away from its pledge to recycle 1 mn tons of plastic waste a year to use in their global chemicals plants by 2025. Although the company has been criticized by researchers and climate experts for using chemical recycling \u2014 warning it can create even more toxic and planet-heating pollution \u2014 Shell classified the feat as \u201cunfeasible\u201d due to slower than expected market demand rather than environmental concerns. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/jul\/17\/shell-recycling-plastic-pledge\" style=\"\" rel=\"noopener\">The Guardian<\/a>)<\/li>\n<li><strong>World Bank explores first drought bond: <\/strong>The World Bank plans to issue its first drought bond within the next 12-18 months while expanding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad309efd-393e-4bba-afd1-12d7d5fa8e56\/what-are-catastrophe%253cmark%253e-bonds%253c%2Fmark%253e-and-why-are-they-under-threat%3F\" style=\"\" rel=\"noopener\">catastrophe (cat) bond<\/a> offerings. WB issued cat bonds amounting to USD 568 mn of ins. payouts in the past decade through its lending arm the International Bank for Reconstruction and Development in a bid to mitigate the impacts of storms and earthquakes in emerging economies. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/world-bank-eyes-first-drought-bond-next-12-18-months-2024-07-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fortescue\/\">Fortescue<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85531\" 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\/07\/22\/85531\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85531\" class=\"content-area-description single-story post-85531 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;\">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;\">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>23-25 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/powerelecbahrain.com\/\" style=\"\">Powerlec Bahrain 2024<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-26 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/steel.apexevents.cn\/\" style=\"\">Green Steel 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=\"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>1-3 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/csew.net\/\" style=\"\">Cairo Sustainable Energy 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>2-3 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wges.ae\/\" style=\"\">World Green Economy 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>10-12 October (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/icaige.tn\/\" style=\"\">The IEEE International Conference on Artificial Intelligence & Green Energy<\/a><\/span><span style=\"font-weight:400;\">, Yasmine Hammamet, Tunisia.<\/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>15-16 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-ksa\/index.stm\" style=\"\">Solar & Storage Live KSA<\/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>4-8 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aecweek.com\/\" style=\"\">African<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aecweek.com\/\" style=\"\">Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.afsiasolar.com\/refa-renewable-energy-forum-africa-2023\/\" style=\"\">Renewable Energy Forum 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>6-7 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/africa-press-releases\/southern-african-german-chamber-of-commerce-partners-with-critical-mineral-africa-cma-for-2024-summit-ccdt5jdr\" style=\"\">Critical Mineral Africa Summit<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa. <\/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<\/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- 27 November: (Tuesday - Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b4243wl-abu-dhabi-host-world-food-security-summit-for\" style=\"\">World Food Security 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>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=\"\">Future Power 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 November (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>3-4 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/msgbcoilgasandpower.com\/event\/msgbc-oil-gas-power-2024\/\" style=\"\">MSGBC Oil, Gas & Power 2024 conference<\/a><\/span><span style=\"font-weight:400;\">, Dakar, Senegal.<\/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>12-15 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wrenuk.co.uk\/\" style=\"\">World Renewable Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/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>28-29 January (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainmideast.com\/\" style=\"\">Sustainability Forum Middle East<\/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;\">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>24-27 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/environment-authority-to-hold-inaugural-oman-climate-week-february-24-27-2025-uwf3f8c6\" style=\"\">Oman Climate Week<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman. <\/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=\"\">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=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/expo-sharjah-signs-partnership-agreement-to-launch-the-middle-east-electric-vehicle-show-2025-htkk34ud\" style=\"\">Middle East Electric Vehicle Show<\/a><\/span><span style=\"font-weight:400;\">, Sharjah, 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;\">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 good day for green bonds + mining | Saudia finalizes Lilium eVTOL purchase | Egypt\u2019s FRA issues carbon trading requirements.<\/p>\n","protected":false},"featured_media":85510,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-85509","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"22ce88dd-b157-4798-8353-b5e5c3deab87","teaser":"A good day for green bonds + mining | Saudia finalizes Lilium eVTOL purchase | Egypt\u2019s FRA issues carbon trading requirements.","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>Masdar raises USD 1 bn in second green bond issuance - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar raises USD 1 bn in second green bond issuance\" \/>\n<meta property=\"og:description\" content=\"A good day for green bonds + mining | Saudia finalizes Lilium eVTOL purchase | Egypt\u2019s FRA issues carbon trading requirements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T11:09:48+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\",\"name\":\"Masdar raises USD 1 bn in second green bond issuance - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-07-22T00:00:00+00:00\",\"dateModified\":\"2025-12-15T11:09:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/climate\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Masdar raises USD 1 bn in second green bond issuance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Masdar raises USD 1 bn in second green bond issuance - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/","og_locale":"en_US","og_type":"article","og_title":"Masdar raises USD 1 bn in second green bond issuance","og_description":"A good day for green bonds + mining | Saudia finalizes Lilium eVTOL purchase | Egypt\u2019s FRA issues carbon trading requirements.","og_url":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/","og_site_name":"Climate","article_modified_time":"2025-12-15T11:09:48+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/","url":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/","name":"Masdar raises USD 1 bn in second green bond issuance - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1","datePublished":"2024-07-22T00:00:00+00:00","dateModified":"2025-12-15T11:09:48+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1160.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/issues\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/climate\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Masdar raises USD 1 bn in second green bond issuance"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/85509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/85509\/revisions"}],"predecessor-version":[{"id":85551,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/85509\/revisions\/85551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/85510"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=85509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=85509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=85509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}