{"id":87834,"date":"2024-11-07T00:00:00","date_gmt":"2024-11-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=87834"},"modified":"2025-12-15T11:46:34","modified_gmt":"2025-12-15T11:46:34","slug":"uae-to-get-mega-sustainable-aviation-fuel-plant-in-2026","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/uae-to-get-mega-sustainable-aviation-fuel-plant-in-2026\/","title":{"rendered":"UAE to get mega sustainable aviation fuel plant in 2026"},"content":{"rendered":"<section id=\"87836\" 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=\"87836\">\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\/11\/07\/today-uae-to-get-regions-first-sustainable-aviation-fuel-plant-in-2026-ksa-launches-8-gwh-battery-storage-tender\/\">\r\n                            TODAY: UAE to get region\u2019s first sustainable aviation fuel plant in 2026 + KSA launches 8 GWh battery storage tender                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/647.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87837\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/today-uae-to-get-regions-first-sustainable-aviation-fuel-plant-in-2026-ksa-launches-8-gwh-battery-storage-tender\/647-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/647.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"647.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/647.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/647.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87836\" class=\"content-area-description single-story post-87836 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-bess tag-biodiversity tag-emirates-steel tag-enterpriseclimate tag-green-hydrogen tag-masdar tag-morocco tag-saudi-arabia tag-solar-energy tag-tadweer 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\/11\/.6428c2b2-5ef2-4342-b025-15f4f7589a47.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folks.<\/strong> We have a relatively light news day today to round out the week, with our big story of the day being Singapore-based energy trader Mercantile & Maritime Group\u2019s plans to set up a AED 2.2 bn biofuel processing facility at its MENA Terminals facility in Fujairah. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have more details on this story and others in this morning\u2019s news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>Green <\/strong><strong>stocks plummet after Trump <\/strong><strong>victory<\/strong><strong>: <\/strong>Shares in US and EU renewable energy and EV firms fell as anxious investors dumped some of their stocks following Donald Trump\u2019s re-election as US president. Solar companies were the hardest hit, with shares in companies like Sunnova Energy International closing down 51.6%, while Sunrun closed down 29.6%, and First Solar fell 10.1% in New York trading yesterday. Danish renewables firms Orsted (-12.8%) and Vestas Wind Systems (-12.8%) also took a hit, as did German automakers including Mercedes-Benz (-6.4%) and BMW (-6.6%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But some remain optimistic: <\/strong>Trump\u2019s campaign has been vocal about raising tariffs on EVs and terminating the Inflation Reduction Act \u2014 a major regulatory driver of the US\u2019 demand for clean energy. However, the economic benefits and job creation from projects under the IRA, especially in Republican states, could make it difficult to repeal the law, McDermott Will & Emery partner Carl Fleming told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/trump-return-will-slow-not-stop-us-clean-energy-boom-2024-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Experts suggest that while Trump may favor fossil fuel extraction on public lands, the broader market dynamics and existing investments in clean energy would continue to drive the sector forward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/european-clean-energy-stocks-tumble-trump-wins-presidency-2024-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-06\/green-energy-stocks-sink-with-trump-poised-to-win-us-election?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/31732d54-0670-4937-ad22-8004cc353d9a\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/05\/solar-stocks-tumble-overnight-as-trump-leads-in-election-results.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/2024\/nov\/06\/german-carmakers-shares-slump-fear-trump-tariffs\" style=\"\" rel=\"noopener\">The Guardian<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\" rel=\"noopener\">World Urban<\/a><\/strong><strong> continues until tomorrow in Cairo.<\/strong> The forum, established by the UN and one of its largest non-legislative events, will center around the effect of rapid urbanization on communities, economies, climate change, and policies and will bring together government representatives, academics, business people, urban planners, and more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>#2- South Africa\u2019s two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/criticalmineralsafrica.com\/\" style=\"\" rel=\"noopener\">Critical Mineral Africa Summit<\/a><\/strong><strong> concludes today <\/strong>in Cape Town. The summit aims to attract critical minerals investment to the continent and will be held alongside African Energy Week. The summit will be held in partnership with the Southern African-German Chamber of Commerce Partners, representing Germany\u2019s increasing investments in southern Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">COP29 SCHEDULE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YOUR GUIDE TO COP- <\/strong>COP29 is starting next week. Here\u2019s a handy <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2891.pdf\" style=\"\" rel=\"noopener\">guide (pdf)<\/a> for the <a target=\"_blank\" href=\"https:\/\/www.climate-chance.org\/en\/event-calendar\/cop29-baku\/\" style=\"\" rel=\"noopener\">main<\/a><a target=\"_blank\" href=\"https:\/\/www.climate-chance.org\/en\/event-calendar\/cop29-baku\/\" style=\"\" rel=\"noopener\">thematic days<\/a> and what to expect and a full rundown of all the panels, workshops, discussions, debates, and keynote speeches.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DAYS TO LOOK FORWARD TO-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>12-13 November:<\/strong> World Leaders Climate Action Summit<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>14 November:<\/strong> Finance, Investment and Trade<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>15 November:<\/strong> Energy, Peace, Relief and Recovery<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>19 November:<\/strong> Food, Agriculture and Water<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>21 November:<\/strong> Nature and Biodiversity, Oceans and Coastal Zones<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>22 November:<\/strong> Final Negotiations<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">COP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>China wants trade barriers added to COP29 agenda:<\/strong> A China-led group filed a last-minute request to the UN climate body to include talks on \"climate-change related unilateral restrictive trade measures\u201d to the COP29 agenda, reports <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/china-wants-talks-trade-measures-cop29-climate-summit-document-shows-2024-11-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The group, known as BASIC, includes Brazil, India, and South Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch:<\/strong> The bloc argues that developed countries are introducing trade barriers on climate-related grounds that are harming developing nations. The group made a specific reference to the EU\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\" style=\"\" rel=\"noopener\">carbon border<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\" style=\"\" rel=\"noopener\">tax<\/a> (CBAM) in its request to COP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>COP\u2019s rules require that agendas are adopted by consensus at the beginning of the summit. Any disputed items have the potential of delaying the summit\u2019s start, chipping away at the limited time devoted to the already critical agenda items. The EU is expected to oppose the move, Reuters reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outcome may have big consequences: <\/strong>Dispute agenda items have shifted discussions before. At the 2022 summit, a controversial agenda item to discuss financial payments on climate damage resulted in the world\u2019s first fund of the sort.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- More world leaders to skip COP29:<\/strong> Several world leaders from major economies, including US President Joe Biden, EU Commission President Ursula von der Leyen, and Brazilian President Luiz In\u00e1cio Lula da Silva, are set to miss the upcoming COP29 summit, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/cop\/eus-von-der-leyen-skip-cop29-climate-summit-2024-11-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Biden\u2019s absence is chalked up to the US presidential election, while von der Leyen remains in Brussels due to political transitions within the European Commission. Lula recently withdrew after a head injury. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong>#1- KSA <\/strong><strong>launches <\/strong><strong>8 GWh battery storage tender: <\/strong>Saudi\u2019s Power Procurement Company (SPPC) initiated the qualification process for its first group of Battery Energy Storage System (BESS) projects, totaling an 8 GWh capacity, according to a <a target=\"_blank\" href=\"https:\/\/spb.com.sa\/saudi-power-procurement-company-sppc-commences-the-qualification-process-for-the-first-group-of-battery-energy-storage-system-projects-at-a-total-capacity-of-8000-mwh\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>This tender comprises four projects, each with a 2 GWh capacity, including Al Muwyah and Haden projects in Makkah, Al Khushaybi project in Qassim, and Al Kahafa project in Hail. Each project follows a build-own-operate (BOO) model, allowing the selected bidder to hold full ownership via a special purpose vehicle (SPV), SPPC said. Each SPV will sign a 15-year Storage Services Agreement with SPPC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPPC has other major projects in the works: <\/strong>The company shortlisted multiple consortiums last month to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/56d9d4b6-60d6-44ce-95c7-e94267190a02\/%253cmark%253esppc%253c%2Fmark%253e-shortlists-bidders-for-the-3.7-gw-fifth-round-of-nrep\" style=\"\" rel=\"noopener\">develop four solar projects<\/a> with a total capacity of 3.7 GW. The projects are set to reel in SAR 8 bn (USD 2.1 bn) of investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Morocco <\/strong><strong>eyes Tan-Tan port for green hydrogen exports: <\/strong>Morocco\u2019s National Ports Agency issued a tender for a feasibility study to position the Tan-Tan port as a green hydrogen hub, <a target=\"_blank\" href=\"https:\/\/northafricapost.com\/81577-morocco-considers-tan-tan-port-for-green-hydrogen-exports.html#google_vignette\" style=\"\" rel=\"noopener\">North Africa Post<\/a> reports. The port is part of Morocco's green hydrogen initiative, which was launched last March and involves allocating 300k hectares for green hydrogen projects. ANP is looking to leverage the port for green hydrogen exports as well as its derivatives, including ammonia and e-methanol. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Tan-Tan? <\/strong>The port, based in El Ouatia, is in close proximity to the Guelmim Oued Noun region, which is eyed by global energy firms, including France\u2019s TotalEnergies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s been some talk: <\/strong>Morocco and the World Bank were in talks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/486407bd-d8e3-4894-8d84-e916d1cd3c83\/today:-red-sea-disruption-continues-amid-the-houthi%25e2%2580%2599s-expanded-target-list\" style=\"\" rel=\"noopener\">back in January<\/a> to explore the feasibility of building green hydrogen storage, ship refueling, and export-dedicated facilities at the ports of Tan-Tan, Jorf Lasfar, Mohammedia, and Tanger-Med. The study aimed to assess the technical and economic potential for green fuel production at Moroccan ports in a bid to help decarbonize the shipping sector, which accounts for 2.9% of global greenhouse gas emissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong>#3- Masdar + Sarawak Energy + Gentari consider floating solar project in Malaysia:<\/strong> UAE renewables giant Masdar has signed a joint study agreement with Malaysia\u2019s <a target=\"_blank\" href=\"https:\/\/www.sarawakenergy.com\/\" style=\"\" rel=\"noopener\">Sarawak Energy<\/a> and Malaysian renewables firm <a target=\"_blank\" href=\"https:\/\/www.gentari.com\/\" style=\"\" rel=\"noopener\">Gentari<\/a> to evaluate the feasibility of a large-scale floating solar plant in Sarawak, Malaysia, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar---sarawak-energy-and-gentari-to-assess-large---scale-floating-solar-project-in-malaysia\" style=\"\" rel=\"noopener\">press release<\/a>. The study will assess technical feasibility, environmental impact, and financial viability. The plant would mark Masdar\u2019s second floating solar power plant in Southeast Asia following its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7b5f2290-bd7e-4c67-adec-35d5b28f598d\/masdar-inaugurates-145-mw-floating-solar-plant-in-indonesia\" style=\"\" rel=\"noopener\">145 MW Cirata plant<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why floating solar is a good move:<\/strong> Installing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7b5f2290-bd7e-4c67-adec-35d5b28f598d\/masdar-inaugurates-145-mw-floating-solar-plant-in-indonesia\" style=\"\" rel=\"noopener\">offshore solar panels<\/a> would <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/598ff3aa-23ae-4b39-aecd-32eb6ab2f83e\" style=\"\" rel=\"noopener\">resolve the many challenges<\/a> faced in regions worldwide in terms of available land and adequate space that doesn\u2019t require deforestation. Adding solar systems to existing reservoirs could allow more than 6k cities around the world to develop self-sufficient power systems. The water\u2019s cooling effect on the floating panels can also make them more efficient while reducing evaporation \u2014 and thus cutting the loss of freshwater supply \u2014 from the shade created by the panels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar is interested in other Indonesian ventures: <\/strong>Earlier in February, Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c0e6a33d-90d1-43dd-93ef-aa4e29a5d598\" style=\"\" rel=\"noopener\">acquired shares<\/a> in the geothermal unit of Indonesian government-owned geothermal utility Pertamina, which controls 82% of Indonesia's installed geothermal energy capacity and manages 13 geothermal energy projects generating 1.87 GW of electricity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER UAE NEWS- Tadweer + Emsteel to collaborate on alternative fuel: <\/strong>UAE-based waste management company Tadweer and Emsteel have signed an MoU to manufacture sustainable building materials using alternative fuels and raw materials, according to a <a target=\"_blank\" href=\"https:\/\/www.tadweer.ae\/news\/tadweer-group-and-emsteel-group-to-explore-use-of-alternative-fuels-and-raw-materials-in-creating-sustainable-building-materials\/\" style=\"\" rel=\"noopener\">press release<\/a>. Emsteel will use refuse-derived fuels produced by Tadweer, as well as construction and demolition waste, to source raw materials for use in its factories. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Siemens to boost Abu Dhabi\u2019s efforts to integrate EVs in the transport sector:<\/strong> Siemens partnered with the Abu Dhabi Commerce and Industry Chamber to back the emirate\u2019s efforts in boosting the adoption of EVs across its transport sector, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/abu-dhabi-chamber-signs-collaboration-agreement-with-siemens-oszxifme\" style=\"\" rel=\"noopener\">press release<\/a>. Under the agreement, the two parties will work together to organize workshops and training programs for entrepreneurs to inform them on how to use Siemens technologies in the EV sector, as well as market analysis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>#4- <\/strong><strong>The <\/strong><strong>economic impact of climate change is projected to be far<\/strong><strong> more severe than <\/strong><strong>previously estimated<\/strong>, according to a new <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/517.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> from the Network for Greening the Financial System. The report highlights that the projected physical risk impact on global GDP has quadrupled by 2050 in some scenarios, driven by record increases in temperatures. Physical risk includes droughts, heatwaves, floods, and cyclones.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gray cloud: Global GDP is on track to shrink either way: <\/strong>Under the current policy trajectory, the world may see an 8% decline in GDP, whereas a net-zero scenario would keep this loss at just below 4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Recent analysis predicts even bigger shocks to the GDP: <\/strong>Climate risks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a6f13906-db11-4ddd-a143-23f97c077689\/\" style=\"\" rel=\"noopener\">could cause<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a6f13906-db11-4ddd-a143-23f97c077689\/\" style=\"\" rel=\"noopener\">the world to lose 14% of its GDP<\/a>, impacting emerging and advanced economies alike, and Sub-Saharan Africa and Asia would be hit hardest with potential economic losses exceeding 30% of GDP by 2050 under current policies and planned clean energy investments, according to Moody\u2019s. However, a net-zero scenario would keep world output decline to 7.1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#5- JPMorgan mulls biodiversity financing options despite disappointing COP16<\/strong><strong> outcomes: <\/strong>JPMorgan Chase & Co. is currently studying \u201ca variety of innovative financing and investment solutions\u201d for biodiversity, the financial institution\u2019s head of Nature and Biodiversity Gwen Yu told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/jpmorgan-warns-against-product-paralysis-after-summit-halted?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The sector needs to avoid \u201cthe paralysis of seeking perfection over progress,\u201d said Yu in reference to the lack of concrete biodiversity finance guidelines after COP16. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan: <\/strong>The bank plans to prioritize products that could be financially viable because \u201cshowing that projects are bankable is essential to meeting client demand,\u201d head of Nature and Biodiversity Gwen Yu told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/jpmorgan-warns-against-product-paralysis-after-summit-halted?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The lender has not yet disclosed what these biodiversity finance products would look like.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- COP16 ended without parties coming to a consensus on financing: <\/strong>Countries were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/088fbccd-b9eb-49a1-9765-3a36ab86a88f\/today:-masdar,-edf-reaches-financial-close-for-amaala-project-%2B%253cmark%253e-cop16%253c%2Fmark%253e-ends-with-no-deal-on-finances\" style=\"\" rel=\"noopener\">unable to come to a consensus<\/a> on biodiversity funding mechanisms and commitments at COP16, with the EU, Switzerland, and other developed countries coming in with objections in the 11th hour. Talks may resume next year during an interim meeting planned in Thailand. Financing has always been a point of contention, with developing and developed countries seeking different outcomes. <\/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 EnterpriseAM Climate, the essential MENA publication for senior <\/strong><strong>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>EnterpriseAM Climate is available without charge <\/strong>thanks to the generous support of our friends at HSBC and Infinity Power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p 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alt=\"\" data-attachment-id=\"87840\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/mercantile-maritime-group-to-set-up-biofuel-plant-in-uae\/305-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/305.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"305.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/305.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/305.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87839\" class=\"content-area-description single-story post-87839 post type-post status-publish format-standard has-post-thumbnail hentry category-green-fuel tag-biofuels tag-enterpriseclimate tag-green-fuel tag-sustainable-aviation-fuels 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\/11\/.b1a46538-62b9-4020-bdd8-7298c0bd168b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>M&M<\/strong><strong> vies for big share of world\u2019s low-carbon aviation biofuel with new<\/strong><strong> facility in UAE: <\/strong>Singapore-based Energy trader Mercantile & Maritime Group (M&M) is launching an AED 2.2 bn biofuel processing facility at its MENA Terminals facility in Fujairah, according to a <a target=\"_blank\" href=\"https:\/\/www.mercantilemaritime.com\/2024\/11\/05\/mercantile-maritime-group-launches-middle-easts-largest-biofuel-facility-elevates-uaes-green-energy-ambitions\/\" style=\"\" rel=\"noopener\">statement<\/a>. The facility is scheduled for completion in 2026 and is set to be the largest facility of its kind in the Middle East region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The planned carbon-neutral biofuel facility at MENA Terminals will produce up to 150 mn liters of sustainable aviation fuel (SAF) annually \u2014 approximately 10% of current global SAF production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- UAE has big biofuel plans:<\/strong> The UAE signed off on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/97cde862-03f0-4345-bae8-7b34b3814eb3\" style=\"\" rel=\"noopener\">National Policy on Biofuels<\/a> to boost the production and consumption of locally produced biofuels in March. The policy will introduce a regulatory framework for biofuel distribution, set benchmarks for biofuel production and usage, enforce production standards and mandates for the fuel within the nation. It will also help regulate biofuel trade operations, define uniform biofuel specifications, and oversee production and commerce.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And a SAF pipeline: <\/strong>Dubai Municipality <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b1c19697-3f23-4e8a-82f4-2770e4127785\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with UAE turbine and aviation fuel supplier Enoc Marketing, Belgium\u2019s Besix, and Japan's Marubeni Middle East and Africa Power to produce sustainable aviation fuel (SAF) from solid municipal waste, organic waste, and green hydrogen from sewage treatment earlier this year. Enoc also signed an MoU with Finnish oil refining company Neste to explore avenues for the purchase and supply of sustainable aviation fuels (SAFs) both in the UAE and the wider MENA region back in late 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong><strong>Biofuels <\/strong><strong>production is already heating up<\/strong>: UAE\u2019s Circular Economy Council inaugurated Dubai-based Lootah Biofuels\u2019 cooking oil reprocessing plant with a capacity of 100 tons per day in 2022. Tadweer signed an agreement with Austria\u2019s OMV last year to explore investments in biofuels and biowaste production in the country and BP invested USD 10 mn in US startup WasteFuel to support the establishment of a UAE-based biofuels plant. Adnoc Distribution said it is planning to supply biofuel to its business-to-business (B2B) customers back in November, and more recently, Lootah Biofuels and the UAE's Energy and Infrastructure Ministry signed an MoU to develop, promote, and deploy the use of biofuels<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-fuel\/\">GREEN FUEL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainable-aviation-fuels\/\">sustainable aviation fuels<\/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=\"87841 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=\"87841\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/87841\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87841\" class=\"content-area-description single-story post-87841 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=\"87842\" 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=\"87842\">\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\">The Macro Picture<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/the-entertainment-industrys-attempts-at-decarbonization\/\">\r\n                            The entertainment industry\u2019s attempts at decarbonization                        <\/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\/11\/07\/the-entertainment-industrys-attempts-at-decarbonization\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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McLachlan, director at the <a target=\"_blank\" href=\"https:\/\/tyndall.ac.uk\/\" style=\"\" rel=\"noopener\">Tyndall Centre for Climate Change Research<\/a>, was approached by the band in 2019 to assess and reduce the carbon footprint of their tours. This collaboration led to the creation of the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/896.pdf\" style=\"\" rel=\"noopener\">Super-Low Carbon Live Music road map (pdf)<\/a>, a report published in 2021, which outlines actionable steps for the music industry to align with the Paris Agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan in action:<\/strong> The road map's principles were put to the test during Massive Attack's Act 1.5 Climate Action Accelerator event on 25 August in Bristol, UK. The concert \u2014 attended by 34k people \u2014 was powered entirely by renewable energy and batteries, significantly reducing its carbon emissions. The event also featured plant-based food, zero-waste policies, and incentives for audience members to use public transport, showcasing practical steps towards a sustainable future for live music.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> McLachlan's team will analyze data from the event to develop new standards for the industry. The findings \u2014 expected to be published by the end of the year \u2014 aim to demonstrate how similar low-carbon practices can be replicated across the industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TV industry is working to decarbonize too: <\/strong>Netflix is finding ways to reduce the carbon footprint of film and TV sets which account for more than half of the company\u2019s total emissions, the company\u2019s sustainability officer Emma Stewart told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-09-04\/netflix-seeks-ways-to-green-the-production-of-your-favorite-shows?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> last week. Shows, including Brigderton, Virgin River, and Stranger Things, are testing replacing diesel generators with hydrogen, batteries, and solar-powered trailers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why does this matter? <\/strong>The carbon footprint of average film production is massive at around 3.3k metric tons of CO2, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/901.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the Sustainable Production Alliance. The largest contributor for all film sizes is fuel used by vehicles and power generators, causing almost half of the average emissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is Netflix doing? <\/strong>The company has invested in renewable energy certificates and carbon credits to offset emissions. However, these tools have faced criticism over reports of their limited impact on actual emissions reduction. Other more effective alternatives that Netflix has been exploring include direct power purchase agreements with renewable developers, on-set mandates like carbon budgets, as well as financial incentives such as \u201csustainability allowance\u201d that provide incentives to producers to adopt EVs, batteries, and renewables on their sets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there are challenges: <\/strong>The company doesn\u2019t own most of its production equipment, making it difficult to enforce greener practices due to logistical and technical challenges in integrating green technology on sets. Virgin River\u2019s production team, for instance, has had to adapt its set to be able to use its electric vehicles and manage battery-powered equipment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But other efforts are underway:<\/strong> Netflix is trying to incentivize suppliers to adopt low-emission technologies. The company is also investing in startups and initiatives like the <a target=\"_blank\" href=\"https:\/\/cleanmobilepowerinitiative.org\/\" style=\"\" rel=\"noopener\">Clean Mobile Power Initiative<\/a> to boost the green equipment supply chain. <\/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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-industry\/\">green industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87844\" 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=\"87844\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/\">\r\n                            Ma\u2019aden\u2019s top line jumps in 3Q, reversing losses                        <\/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\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/\" 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\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/')\">\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\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/\">\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=Ma\u2019aden\u2019s top line jumps in 3Q, reversing losses&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/\">\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\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/&title=Ma\u2019aden\u2019s top line jumps in 3Q, reversing losses\">\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=Ma%E2%80%99aden%E2%80%99s+top+line+jumps+in+3Q%2C+reversing+losses+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F07%2Fmaadens-top-line-jumps-in-3q-reversing-losses%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\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/643.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87845\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/maadens-top-line-jumps-in-3q-reversing-losses\/643-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/643.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"643.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/643.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/643.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87844\" class=\"content-area-description single-story post-87844 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate 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\/11\/.e0d0ea1d-48aa-45de-9a12-58fac6cd243e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabian Mining (Ma\u2019aden) turned to the black in 3Q 2024 with a net income of SAR<\/strong><strong> 971.5 mn<\/strong>, compared to a SAR 83.4 mn loss during the same period last year, the firm said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83481&anCat=1&cs=1211&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues grew 29.2% at SAR 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>The company\u2019s bottom line bounced back up during the third quarter on the back of greater sales prices and volumes, lower depreciation costs, and a one-off SAR 94 mn gain from an ins. claim. Sales were boosted by higher commodity prices, as well as greater volumes of all products except for alumina, primary aluminum, and gold, the disclosure read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 9M basis: <\/strong>Ma\u2019aden saw its net income more than quadruple y-o-y to SAR 2.98 bn during the first nine months of the year, driven by higher sales volumes and prices, falling raw material and depreciation costs, and a positive base effect attributed to one-off industrial utility charges that had impacted the previous reporting period. Top line was up 6.3% at SAR 22.58 bn through 9M. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been a busy quarter for Ma\u2019aden:<\/strong> Ma\u2019aden and Aluminum Bahrain (Alba) signed a non-binding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/66cae1a5-e6e5-408b-98d0-7823c89352b2\/\" style=\"\" rel=\"noopener\">heads of terms agreement<\/a> in September to explore the possibility of a merger, with Ma\u2019aden signing a share purchase agreement to acquire Sabic\u2019s entire 20.6% stake in Alba. Separately, Ma\u2019aden and PIF\u2019s Manara Minerals submitted an offer in August to acquire <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/518833a1-71d3-4a70-a981-745b2e008421\" style=\"\" rel=\"noopener\">a 15% stake<\/a> in Barrick Gold\u2019s Reko Diq copper and gold mining project in Pakistan. The company is reportedly close to acquiring a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f202e7da-7eb3-46c4-ae29-00c7165a7c1f\" style=\"\" rel=\"noopener\">USD 1.5-2 bn minority stake<\/a> in Canadian miner First Quantum Minerals' copper and nickel assets in Zambia.<\/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\/earnings-watch\/\">EARNINGS WATCH<\/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=\"87846\" 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=\"87846\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/taziz-advances-low-carbon-methanol-and-ammonia-ambitions\/\">\r\n                            Ta\u2019ziz advances low-carbon methanol and ammonia ambitions                        <\/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 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/taziz-advances-low-carbon-methanol-and-ammonia-ambitions\/&title=Ta\u2019ziz advances low-carbon methanol and ammonia ambitions\">\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=Ta%E2%80%99ziz+advances+low-carbon+methanol+and+ammonia+ambitions+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F07%2Ftaziz-advances-low-carbon-methanol-and-ammonia-ambitions%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\/11\/07\/taziz-advances-low-carbon-methanol-and-ammonia-ambitions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/641.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87847\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/taziz-advances-low-carbon-methanol-and-ammonia-ambitions\/641-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/641.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"641.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/641.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/641.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87846\" class=\"content-area-description single-story post-87846 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-ammonia tag-blue-ammonia tag-decarbonization tag-desalination tag-egypt tag-enterpriseclimate tag-green-ammonia tag-sczone 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\/11\/.cf79373d-7f0d-45d7-b2f4-62addce1443f.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">AMMONIA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Ta\u2019ziz advances low-carbon methanol and ammonia ambitions with new<\/strong> <strong>chemicals infrastructure contracts: <\/strong>Ta\u2019ziz \u2014 a joint venture between Adnoc and ADQ \u2014 awarded logistics company <a target=\"_blank\" href=\"https:\/\/advario.com\/\" style=\"\" rel=\"noopener\">Advario<\/a> and UAE\u2019s NMDC Group engineering, procurement, and construction (EPC) contracts to develop critical chemicals infrastructure in Al Ruwais Industrial City, Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2024\/taziz-announces-over-2-billion-awards-for-key-infrastructure-projects\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the contracts: <\/strong>The companies will set up a chemicals port in Al Ruwais that would serve as an export hub for ADNOC\u2019s chemical productions. The port will mainly service ADNOC\u2019s ammonia and methanol facilities in Al Ruwais. The contracts are part of a chemicals infrastructure push of over USD 2 bn investment to support ADNOC\u2019s ambitions to become one of the top 5 chemicals producers in the world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DESALINATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SCZone plans desal plant as part of USD 3 bn infrastructure investment:<\/strong> The Suez Canal Economic Zone (SCZone) plans to invest USD 3 bn on infrastructure projects over the coming few years, including a desalination plant in Ain Sokhna, SCZone head Walid Gamal El Din told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/companies\/2024\/11\/05\/%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D8%A7%D9%84%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%84%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D9%84%D8%AA%D9%88%D8%B3%D8%B9-%D8%B3%D8%B1%D9%8A%D8%B9%D8%A7\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The investment will mirror the USD 3 bn invested over the past few years. <\/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 new desalination facility will be dedicated to shared utilities for a green hydrogen project, Gamal El Din said. The first phase of the project will produce around 250k cubic meters per day. The authority will soon launch a tender for the project, and construction should take 2-4 years.<\/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>KSA launches sustainable innovation fellowship for eco-friendly water <\/strong><strong>technologies: <\/strong>Saudi Arabia\u2019s Environment, Water and Agriculture Ministry launched the Sustainable Innovation Fellowship Program that will support innovative eco-friendly water technologies in Saudi Arabia. The program will focus on tech that recycles water treatment byproducts and membranes, methods of reusing treated wastewater in arid regions, and assessing the environmental impact of microplastics in water treatment. (<a target=\"_blank\" href=\"https:\/\/www.arabnews.pk\/node\/2578050\/saudi-arabia\" style=\"\" rel=\"noopener\">Arab News<\/a>)<\/li>\n<li><strong>Nigeria and Morocco explore EVs partnership: <\/strong>A delegation from Nigeria\u2019s National Automotive Design and Development Council held talks with Morocco\u2019s EVs-maker eMove Vehicles \u2014 a company specialized in two and three-wheeled vehicles and batteries \u2014 to discuss potential collaboration on EV charging infrastructure and tech transfers. (<a target=\"_blank\" href=\"https:\/\/naddc.gov.ng\/naddc-delegation-explores-electric-vehicle-partnerships-with-emvc-in-casablanca-morocco\/\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Qatar\u2019s Tarsheed program saves USD 230 mn, reduces 1.2 mn tons of carbon<\/strong> <strong>emissions: <\/strong>Qatar\u2019s national conservation program, Tarsheed, led by Kahramaa, achieved QAR 840 mn (USD 230.73 mn) in financial savings and cut carbon emissions by 1.2 mn tons in 2024. (<a target=\"_blank\" href=\"https:\/\/economymiddleeast.com\/news\/qatar-tarsheed-program-saves-231-million-cuts-carbon-emissions\/\" style=\"\" rel=\"noopener\">Economy Middle East<\/a>)<\/li>\n<li><strong>UAE <\/strong><strong>+ Australia signed Cespa agreement:<\/strong> The UAE and Australia signed five agreements to boost investment in sectors including renewable energy, infrastructure, AI, mining, and agriculture. The signing happened on the margins of the signing of the comprehensive economic partnership agreement (Cepa) to boost investment and trade between the two countries to USD 15 bn by 2032. (<a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/11\/6\/6-11-2024-uae-australia%5C\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/blue-ammonia\/\">blue ammonia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/desalination\/\">DESALINATION<\/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\/green-ammonia\/\">GREEN AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sczone\/\">SCzone<\/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=\"87848\" 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=\"87848\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/\">\r\n                            Spain to provide EUR 10.6 bn aid package following Valencia floods                        <\/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\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/\" 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\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/')\">\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\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/\">\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=Spain to provide EUR 10.6 bn aid package following Valencia floods&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/\">\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\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/&title=Spain to provide EUR 10.6 bn aid package following Valencia floods\">\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=Spain+to+provide+EUR+10.6+bn+aid+package+following+Valencia+floods+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F07%2Fspain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods%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\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/638.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87849\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/07\/spain-to-provide-eur-10-6-bn-aid-package-following-valencia-floods\/638-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/638.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"638.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/638.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/638.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87848\" class=\"content-area-description single-story post-87848 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-climate-change tag-enterpriseclimate tag-evs 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\/11\/.405afefa-1ef3-4140-9ae7-33ed02218e34.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spain is providing a<\/strong><strong> EUR 10.6 bn relief package to aid victims of catastrophic floods that struck Valencia<\/strong> and surrounding areas, claiming 217 lives and leaving hundreds unaccounted for, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/sanchez-says-flood-relief-package-could-cost-spain-10-6-billion?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The financial package, one of the largest in Spanish peacetime, includes direct grants for informal labor and businesses, state-backed loans, and funds for local government rebuilding efforts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The flood damage bill is steep: <\/strong>Damages caused by the floods are estimated at EUR 10 bn, and lenders have a loan exposure of over EUR 20 bn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/spanish-banks-withstand-impact-recent-floods-central-bank-says-2024-11-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing businesses and banks\u2019 representatives. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China pushes ahead with its EVs tariff complaint at WTO: <\/strong>China said it is advancing its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/aa281379-0de7-4f6c-96ae-3acbf9f7ffeb\" style=\"\" rel=\"noopener\">complaint<\/a> against the EU at the World Trade Organization (WTO) over its recent imposition of anti-subsidy tariffs on Chinese-made EVs, the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/china-european-union-electric-vehicles-wto-tariffs-f89660648d188ab16cd71a4dd21d1a7a\" style=\"\" rel=\"noopener\">Associated Press<\/a> reports. China contends that the EU's actions are \u201cprotectionist\u201d and violate WTO rules. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER: <\/strong>China <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/aa281379-0de7-4f6c-96ae-3acbf9f7ffeb\" style=\"\" rel=\"noopener\">lodged a complaint<\/a> with the WTO over the EU\u2019s decision to impose anti-subsidy duties on Chinese EVs. China\u2019s Ministry of Commerce stated that the EU\u2019s provisional conclusion lacks both factual and legal foundation and that the decision severely violates WTO rules and undermines global cooperation on climate change. China\u2019s EVs maker SAIC Motor also recently said it would <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c1fbdc09-1337-4bbb-af73-a2e8e7b8e1f1\" style=\"\" rel=\"noopener\">file a lawsuit<\/a> in the European Union's Court of Justice to contest the EU\u2019s decision to raise tariffs on Chinese-made EVs to as high as 45.3%.<\/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\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/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=\"87850\" 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\/11\/07\/87850\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87850\" class=\"content-area-description single-story post-87850 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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>4-7 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/press-media\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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 Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:\/\/criticalmineralsafrica.com\/\" 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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>19-22 November (Tuesday-Friday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.was.org\/meeting\/code\/AFRAQ24\" style=\"\">Aquaculture Africa 2024<\/a><\/span><span style=\"font-weight:400;\">, Hammamet, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>3-5 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wesc-conference.qu.edu.qa\/\" style=\"\">World Energy storage Conference<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>4-6 December (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.icspies.org\/\" style=\"\">International Conference on Smart Power & Internet Energy Systems<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>10-12 December (Tuesday to Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mangroveconference.com\/en\/about\/conference\/\" style=\"\">International Mangrove Conservation and Restoration Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>16-18 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-sg.com\/\" style=\"\">Saudi Arabia Smart Grid Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>22-24 December (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rsegp-conference.com\/\" style=\"\">Renewable & Sustainable Energies And Green Processes Conference<\/a><\/span><span style=\"font-weight:400;\">, Sousse, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>15-16 January (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\">Future Minerals Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>18-19 January (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/libyasummit.com\/\" style=\"\">Libya Energy & Economic Summit<\/a><\/span><span style=\"font-weight:400;\">, Tripoli, Libya. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-19 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypes.com\/\" style=\"\">Egypt Energy Show<\/a><\/span><span>, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>23-25 February (Sunday- Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gweccc.com\/\" style=\"\">Global Water Energy and Climate Change Congress<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-20 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17936683-tunis-to-host\" style=\"\">Mediterranean Water, Irrigation and Photovoltaic Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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>Region\u2019s first aviation biofuel plant in the UAE | China pushes for trade barriers talks at COP | 8 GWh battery storage tender in Saudi | Climate impact on GDP<\/p>\n","protected":false},"featured_media":87835,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-87834","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4baefef3-70d0-49cf-9add-dcfd6f952fcb","teaser":"Region\u2019s first 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