{"id":87868,"date":"2024-11-11T00:00:00","date_gmt":"2024-11-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=87868"},"modified":"2025-12-15T11:47:11","modified_gmt":"2025-12-15T11:47:11","slug":"cop29-kicks-off-in-azerbaijan","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/","title":{"rendered":"COP29 kicks off in Azerbaijan"},"content":{"rendered":"<section id=\"87870\" 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=\"87870\">\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\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/\">\r\n                            TODAY:  UAE publishes its new NDC pledging 47% cut in emissions + EBRD to back two renewables projects in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/')\">\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\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: UAE publishes new NDC pledging 47% cut in emissions + EBRD to back two renewables projects in Egypt&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/\">\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\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/&title=TODAY: UAE publishes new NDC pledging 47% cut in emissions + EBRD to back two renewables projects in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+UAE+publishes+new+NDC+pledging+47%25+cut+in+emissions+%2B+EBRD+to+back+two+renewables+projects+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Ftoday-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/900.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87871\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/today-uae-publishes-new-ndc-pledging-47-cut-in-emissions-ebrd-to-back-two-renewables-projects-in-egypt\/900-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/900.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"900.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/900.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/900.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87870\" class=\"content-area-description single-story post-87870 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-capital-markets tag-conservation tag-egypt tag-enterpriseclimate tag-mining tag-solar-energy 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\/.49c8cd64-1d98-4045-b96d-758fd32d9dff.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, <\/strong><strong>folks, and welcome to a busy Monday as COP 29 kicks off in Azerbaijan <\/strong><strong>today<\/strong> amid challenges on its agenda. We also have a rundown of where green stocks are in the wake of the US presidential election last week. Let\u2019s dive right in. <\/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- 2024 is on track to be the hottest year <\/strong><strong>on record as <\/strong><strong>global temperatures are expected to surpass 1.5\u00b0C<\/strong> above pre-industrial levels for the first time, according to a <a target=\"_blank\" href=\"https:\/\/climate.copernicus.eu\/surface-air-temperature-october-2024?utm_source=socialmedia&utm_medium=tw&utm_id=cb-october-2024\" style=\"\" rel=\"noopener\">report<\/a> by the EU\u2019s Copernicus Climate Change Service. Over the past year, the global average temperature was 1.62\u00b0C above pre-industrial levels, just 0.02\u00b0C below the highest-ever recorded 12-month anomalies of 0.76\u00b0C in mid-2024. The projections suggest temperatures could exceed 1.55\u00b0C above pre-industrial levels by year-end. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The grim outlook is expected to be a focal point at COP29: <\/strong>\u201cThis marks a new milestone in global temperature records and should serve as a catalyst to raise ambition for the upcoming climate change conference,\u201d Dr. Samantha Burgess, deputy director of the Copernicus Climate Change Service, said.<\/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.google.com\/url?q=https:\/\/apnews.com\/article\/climate-change-global-warming-copernicus-extreme-weather-hottest-year-92c46dfd01133f14c437c5d2bf5a5f8b&sa=D&source=docs&ust=1731231481590155&usg=AOvVaw11bRFKrstob751HlXRFOnH\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/2024-will-be-worlds-hottest-record-eu-scientists-say-2024-11-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2024\/nov\/07\/this-year-virtually-certain-to-be-hottest-on-record-finds-eu-space-programme\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/11\/06\/climate\/2024-temperatures-hottest-year.html\" style=\"\" rel=\"noopener\">The NewYork Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/weather\/2024\/11\/06\/hottest-year-earth-temperature\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/11\/06\/climate\/warmest-year-on-record\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/science-environment-24021772\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.euronews.com\/green\/2024\/11\/07\/scientists-say-2024-is-virtually-certain-to-be-the-hottest-since-records-began\" style=\"\" rel=\"noopener\">Euronews<\/a> | <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/climate-change\/2024-warmest-year-record-climate-change-b2643019.html\" style=\"\" rel=\"noopener\">The Independent<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">COP29 SCHEDULE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IT\u2019S KICK OFF TIME- <\/strong>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 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\">WHAT TO EXPECT TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/unfccc.int\/cop29\/DP-11-nov-2024-template\" style=\"\" rel=\"noopener\">first day<\/a><\/strong><strong> of the world\u2019s biggest climate summit<\/strong><strong> is set to include plenary<\/strong><strong> meetings that will vote on the summit's agenda<\/strong> and discuss a progress report on financing. It will also be a chance for different country blocs and NGOs to hold coordination meetings in preparation for the rest of the summit. A number of <a target=\"_blank\" href=\"https:\/\/unfccc.int\/COP29\/schedule?date=2024-11-11&type=All\" style=\"\" rel=\"noopener\">side events and pressers<\/a> by different participants is also scheduled. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- A <\/strong><strong>China-led group <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/4baefef3-70d0-49cf-9add-dcfd6f952fcb\/uae-to-get-mega-sustainable-aviation-fuel-plant-in-2026\" style=\"\" rel=\"noopener\">wants climate-related trade barriers<\/a><\/strong><strong> added to the COP29 <\/strong><strong>agenda<\/strong>, and the rules require consensus on the agenda. The group, known as BASIC, 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 tax<\/a> in its request to COP. A lack of consensus can derail the summit\u2019s planned schedule for high-stake talks on finance and climate targets amid alarming climate milestones and global political whirlwinds. <\/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\">THE CURRENT STATE OF PLAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Worries of leadership vacuum: <\/strong>German Chancellor Olaf Scholz and Dutch Prime Minister Dick Schoof both canceled plans last-minute to attend COP29 as they face different political troubles at home, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-07\/cop29-scholz-cancels-baku-trip-to-deal-with-crisis-at-home?srnd=phx-green-climate-politics\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. They both join a list of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/801841bc-d4ec-493e-aa43-9b9921131006\/today:-uae-to-get-region%e2%80%99s-first-sustainable-aviation-fuel-plant-in-2026-+-ksa-launches-8-gwh-battery-storage-tender\" style=\"\" rel=\"noopener\">several<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/801841bc-d4ec-493e-aa43-9b9921131006\/today:-uae-to-get-region%e2%80%99s-first-sustainable-aviation-fuel-plant-in-2026-+-ksa-launches-8-gwh-battery-storage-tender\" style=\"\" rel=\"noopener\">world<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/801841bc-d4ec-493e-aa43-9b9921131006\/today:-uae-to-get-region%e2%80%99s-first-sustainable-aviation-fuel-plant-in-2026-+-ksa-launches-8-gwh-battery-storage-tender\" style=\"\" rel=\"noopener\">leaders<\/a> from major economies, including US President Joe Biden, EU Commission President Ursula von der Leyen, and Brazilian President Luiz In\u00e1cio Lula da Silva, who will also be missing from the summit. 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\"><strong>#2- Trump\u2019s election also casts its shadow: <\/strong>The prospect of the US becoming a non-player in the global green transition in the next few years will cast its shadow during the summit, and attendees would be required to reckon with alternative pathways without the US, reports <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/climate\/2024\/11\/09\/cop29-making-deals-in-the-shadow-of-trump\/\" style=\"\" rel=\"noopener\">The National<\/a> citing several officials attending this year\u2019s COP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Key topics at COP29: <\/strong><\/p>\n<ul>\n<li>Climate <strong>finances for developing <\/strong><\/li>\n<li>A key issue would be agreeing on a <strong>New Collective Quantified Goal<\/strong> for climate financing<\/li>\n<li>The transition away from<strong> fossil fuels<\/strong><\/li>\n<li>The establishment of rules for <strong>carbon markets<\/strong>.<\/li>\n<li><strong>The loss and damage fund\u2019s<\/strong> structure and contributions<\/li>\n<li>The new wave of countries\u2019 <strong>Nationally Determined Contributions (NDCs) and pledges <\/strong>whose deadline is next February<\/li>\n<li>Enhancing transparency through <strong>Biennial Transparency Reports<\/strong>, which detail countries' progress in meeting climate goals and their financial needs<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can read more on COP29 in our <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dfab6bf2-37a8-48bf-8d94-2ff9d48b9e02\/here%25e2%2580%2599s-a-crash-course-in-what-to-expect-from-cop29-in-baku\" style=\"\" rel=\"noopener\">crash course here.<\/a><\/strong><\/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\">OTHER NEWS FROM COPLAND<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP29 official caught discussing fossil fuel agreements:<\/strong> A secret recording by human rights group Global Witness captured COP29 CEO and Azerbaijan\u2019s Deputy Energy Minister Elnur Soltanov discussing potential oil and gas agreements with a man posing as an investor. BBC reports that Soltanov \u201cappears to have used his role\u201d at COP\u2019s leadership to promote potential oil and gas investments in Socar, Azerbaijan\u2019s state-owned oil and gas company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP\u2019s code of conduct expects the summit\u2019s officials to abstain from doing business<\/strong><strong> during the COP process.<\/strong> Christiana Figueres, former head of the UN climate body, called Soltanov\u2019s actions a \"betrayal\" of the COP mission. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Azerbaijan has faced criticism for hosting COP29:<\/strong> There has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4edcf315-3624-49ef-80a7-a64f825b1e4b\" style=\"\" rel=\"noopener\">widespread criticism<\/a> over Azerbaijan being chosen to host COP29 as a country dependent on oil production. Some 90% of Azerbaijan\u2019s export revenues, and between 30-50% of its GDP, come from its oil and gas sector. BP and other oil giants have also been investing in the country, transferring some USD 35 bn worth of oil and gas production to Azerbaijan since 2020, according to <a target=\"_blank\" href=\"https:\/\/www.globalwitness.org\/en\/press-releases\/oil-firms-bankroll-azerbaijans-warring-regime-with-billions-in-fossil-fuel-money\/\" style=\"\" rel=\"noopener\">Global Witness<\/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\"><strong>The World Health Organization (WHO) issued a call for global leaders to end fossil fuel<\/strong><strong> reliance and prioritize health in climate adaptation<\/strong> and resilience strategies, according to a <a target=\"_blank\" href=\"https:\/\/www.who.int\/news\/item\/07-11-2024-who-demands-urgent-integration-of-health-in--climate-negotiations-ahead-of-cop29\" style=\"\" rel=\"noopener\">statement<\/a> released Thursday. WHO highlighted the urgent need to integrate health as a core measure of climate success, framing the climate crisis as a direct health crisis and highlighting key related interventions, including ending fossil fuel subsidies, mobilizing funds to make health systems climate-resilient and disaster-ready, and investing in proven solutions, such as heat-health warning systems and household-based clean energy. <\/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- UAE\u2019s <\/strong><strong>Hodler <\/strong><strong>+ China\u2019s GCL partner on Ethiopian energy project:<\/strong> Hodler Investments is partnering with Golden Concord Group\u2019s subsidiary GCL Energy Investment to develop a distributed energy infrastructure project in Ethiopia aimed at powering next-generation compute cluster data centers for AI, blockchain, and other applications, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/uae-hodler-investments-and-gcl-energy-investment-partner-to-launch-distributed-energy-infrastructure-in-ethiopia-xtj03hfn\" 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>The details: <\/strong>The companies will co-invest in energy projects that use energy optimization and sustainable technologies. The <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2024\/11\/07\/uae-china-ai-data-centers\/\" style=\"\" rel=\"noopener\">collaboration<\/a> aims to use Hodler Investments\u2019 digital energy platform, PermianChain, and GCL Group\u2019s critical infrastructure tech to monetize wasted energy sources while reducing the country\u2019s emissions. The project is set to power AI and blockchain data center infrastructure and follows Golden Concord Group\u2019s agreements with the Ethiopian government to explore natural gas in the Ogaden Basin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>#2- Egypt sets rates for stored solar energy: <\/strong>Egypt\u2019s Electricity Ministry priced energy produced from solar and battery storage projects at USD 2.3 per MWh for projects set up by private investors under a build-own-operate (BOO) contract and USD 1.4 per MWh for projects where the government owns the solar plants while investors provide storage, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d9%83%d9%87%d8%b1%d8%a8%d8%a7%d8%a1-%d8%aa%d8%ad%d8%af%d8%af-%d8%aa%d8%b9%d8%b1%d9%8a%d9%81%d8%a9-%d8%b4%d8%b1%d8%a7%d8%a1-%d8%a7%d9%84%d8%b7%d8%a7%d9%82%d8%a9-%d8%a7%d9%84\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing unnamed government sources.. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now? <\/strong>Egypt currently has a few solar and battery storage projects in the works, most notably Emirati <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e0776b4-6497-4dbd-9af6-c265e8eaedbc\/amea-power-to-invest-usd-800-mn-to-develop-africa%25e2%2580%2599s-largest-solar-power-plant-and-battery%253cmark%253e-storage%253c%2Fmark%253e-projects-in-upper-egypt.-plus:-scatec,-two-int%25e2%2580%2599l-consortia-set-the-wheels-in-motion-on-renewables-projects.\" style=\"\" rel=\"noopener\">AMEA Power\u2019s 1 GW solar power plant with 600 MWh battery storage system<\/a> in Benban \u2014 expected to be the continent\u2019s largest. Masdar, Hassan Allam Utilities, and Infinity Power are also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df14edc2-b089-4b19-9259-1c4724a140a1\/cabinet-approves-over-eur-1-bn-in-eu-funding\" style=\"\" rel=\"noopener\">working on a solar project<\/a>, which will have a capacity of 1.2 GW of energy and 240 MW\/hour of storage batteries, and Norway\u2019s Scatec also have 1 GW and 200 MWh project plant planned in Nagaa Hammadi, Qena.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- Egypt will launch its mining portal by the end of the year<\/strong>, the country\u2019s Oil Ministry said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid02HtrTWtjR22B41ascLwdTZshAb777oRWAmt7wzH8ALTNoTbeocGgUXEmeZy1e47Tnl\" style=\"\" rel=\"noopener\">statement<\/a> last week. The digital investment platform will streamline investors\u2019 access to data and act as a catalyst for mining investment. The ministry is also <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/mining\/2024\/11\/minerals-come-into-focus-as-egypt-wrestles-with-oil-reforms\/\" style=\"\" rel=\"noopener\">reportedly<\/a> preparing to launch a new bid for mineral exploration soon in several areas in the under-explored Western Desert, with the hope to expand the mining sector\u2019s contribution to the GDP to 5% from 1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Africa\u2019s financial sector is <\/strong><strong>especially<\/strong><strong> vulnerable to climate risks, says EIB:<\/strong> Africa is one of the regions most vulnerable to the adverse physical effects of climate change in the world, according to a European Investment Bank finance <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/684.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> that measured Climate Risk Scores. Some 34% of the banks assessed in the survey reported asset quality deterioration due to extreme weather events, with 93% singling out SME borrowers as the most impacted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The nuance: <\/strong>The report says that the physical climate risks facing the continent are more chronic than acute, meaning that higher temperatures, drought, and rising sea levels are the main drivers for financial risks rather than acute events, such as floods and hurricanes. These chronic risks especially have agricultural or productivity effects rather than damage to physical assets, the report added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Africa is bracing for a rough transition:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a6f13906-db11-4ddd-a143-23f97c077689\/global-gdp-at-risk-due-to-modest-investments-in-climate-mitigation\" style=\"\" rel=\"noopener\">Last week<\/a>, Moody\u2019s estimated that Africa needs to close major funding gaps of USD 131 bn and USD 22 bn for mitigation and adaptation, respectively, with potential GDP losses of 30% expected by 2050 in Sub Saharan Africa under the world\u2019s current green transition trajectory. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#4- Green stocks are still reacting to Trump\u2019s re-election:<\/strong> Three major US stocks \u2014 all solar \u2014 are emerging as especially vulnerable to a Trump repeal of the Inflation Reduction Act (IRA), which would effectively cut tax credits for green projects, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/06\/solar-stocks-that-may-suffer-under-trump-because-of-reliance-on-ira-per-goldman.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reported last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rundown:<\/strong> Array \u2014 which is forecast to receive USD 80 mn in domestic manufacturing tax credits in 2026 \u2014 fell by <a target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/arry\" style=\"\" rel=\"noopener\">nearly 21%<\/a> on Wednesday and remained in the same territory until trading closed on Friday. First Solar \u2014 set to book USD 2 bn in IRA tax credits in 2026 \u2014 tumbled about 19% after Trump\u2019s victory before partially recovering and closing on Friday with gains that limited the stock\u2019s <a target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/fslr\" style=\"\" rel=\"noopener\">net decline to around 10%<\/a> compared to pre-Trump-victory rates. SolarEdge \u2014 expected to receive USD 164 mn in IRA tax benefits in 2026 \u2014 was the hardest hit, netting a <a target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/sedg\" style=\"\" rel=\"noopener\">29% drop<\/a> in stock value between Wednesday and Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hedging against renewables is paying out: <\/strong>Investors who had placed hedges against renewable energy stocks have pocketed over USD 1.2 bn, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3af7966d-6729-433e-9864-3346e039c3ef\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Friday, citing data from S3 Partners. Hydrogen producer Plug Power and solar firm Sunrun \u2014 Both heavily shorted \u2014 fell 22% and 30%, respectively, allowing short sellers to pocket about USD 350 mn. Sunrun also dropped <a target=\"_blank\" href=\"https:\/\/www.investing.com\/equities\/sunrun-inc-historical-data\" style=\"\" rel=\"noopener\">another 12%<\/a> on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can go deeper on why Trump\u2019s reelection threatens green policy in our <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b613dd95-6f53-4dfe-9d77-d0c0c111bf02\/the-us-elections-are-here.-what-will-the-outcome-mean-for-climate-policy%3F\" style=\"\" rel=\"noopener\">handy explainer<\/a><\/strong><strong>. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But<\/strong> <strong>it\u2019s not all bad: <\/strong>US renewable fuel credits \u2014 called Renewable Identification Numbers (RIN) \u2014 reached multi-month highs on Friday despite the concerns regarding Trump\u2019s re-election, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-renewable-fuel-credits-rally-multi-month-highs-despite-trump-reelection-2024-11-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The increase in RIN prices benefits US biofuel producers who rely on them to handle high output costs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are RINs? <\/strong>They are part of a Bush-era <a target=\"_blank\" href=\"https:\/\/www.epa.gov\/renewable-fuel-standard-program\" style=\"\" rel=\"noopener\">environmental mandate<\/a> that requires refiners to include bio and low-carbon fuels in transportation fuel mixes or buy credits from other refiners. <\/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\">THE SCORECARD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deforestation <\/strong><strong>in Brazil\u2019s Amazon Rainforest decreased by 30.6% in the 12 months <\/strong><strong>through July, marking the lowest level <\/strong><strong>since <\/strong><strong>2015<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/deforestation-brazils-amazon-rainforest-falls-lowest-since-2015-2024-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. Still, approximately 6.3 sq km of the Amazon were destroyed. Deforestation in the neighboring Cerrado savanna also dropped by 26% to 8.1k sqkm, the lowest since 2020. The shift in Brazil\u2019s green surfaces\u2019 fortune came with President Luiz Inacio Lula da Silva\u2019s return to power nearly two years ago, on the heels of pledges to reverse his predecessor\u2019s anti-environment policies that saw deforestation rates peak. Lula has pledged to end deforestation by 2030 and has hired 800 new federal environmental agents to bolster these efforts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deforestation in the rainforest broke a 15-month decline when rates <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1187855c-430a-49b6-9ea1-2b583824578c\" style=\"\" rel=\"noopener\">increased<\/a><\/strong><strong> in July.<\/strong> Approximately 666 sqm of jungle were cleared, a 33% rise compared to the same month last year. The increase was attributed to a strike by environmental workers, climate change-induced droughts and fires, and the municipal election year, which typically sees higher deforestation rates.<\/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>Global solar capacity reaches 2 TW: <\/strong>Global solar capacity has reached a historic 2 TW, driven by rapid growth over the past two years, surpassing all added capacity in the previous 68 years, the Global Solar Council told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/global-solar-capacity-hits-2-tw-path-climate-goal-data-shows-2024-11-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Thursday. Some 40% of this added capacity comes from rooftop installations, whereas the training 60% comes from traditional ground-mounted farms. The new data includes often-overlooked rooftop installations, providing a first-of-its-kind comprehensive view of solar capacity worldwide, the council said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hitting 8 TW solar capacity by 2030 is possible:<\/strong> The sector is on its way to bolstering solar power supply, with the data suggesting that achieving an 8 TW capacity is possible, which would account for 70% of the COP28 target of added renewables\u2019 capacity of 11 TW. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The industry group has plans for COP29:<\/strong> The council plans to launch an International Solar Finance group to attract financing, especially in emerging markets, with the goal of lowering capital costs to an average of 5% instead of 15%. <\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/capital-markets\/\">CAPITAL MARKETS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/conservation\/\">conservation<\/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\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87872\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87873\" 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=\"87873\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">COP WATCH - POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/\">\r\n                            UAE commits to cut carbon emissions by 47% by 2035                        <\/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\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/\" 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\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/')\">\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\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/\">\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=UAE commits to cut carbon emissions by 47% by 2035&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/\">\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\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/&title=UAE commits to cut carbon emissions by 47% by 2035\">\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=UAE+commits+to+cut+carbon+emissions+by+47%25+by+2035+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Fuae-commits-to-cut-carbon-emissions-by-47-by-2035%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\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2525.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87874\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/uae-commits-to-cut-carbon-emissions-by-47-by-2035\/2525-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2525.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2525.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2525.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2525.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87873\" class=\"content-area-description single-story post-87873 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-policy tag-carbon-emissions tag-climate-policy tag-cop-watch-policy tag-enterpriseclimate tag-renewables tag-sustainability 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\/.6dc51f9e-2b48-4f8a-b487-c99fb1c6fbfe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE submits <\/strong><strong>updated <\/strong><strong>emissions target for 2035:<\/strong> The UAE pledged to reduce its carbon emissions by 47% by 2035 in its new <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/708.pdf\" style=\"\" rel=\"noopener\">national climate plan (pdf)<\/a>. The new nationally determined contributions (NDCs) come ahead of COP29, positioning the country as the first major emitter to submit its updated strategy ahead of the February 2025 deadline. The story got ink in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/short-take-uae-pledges-cut-emissions-by-47-by-2035-2024-11-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The updated climate targets cover all major domestic sectors and greenhouse gasses<\/strong>, including the newly added fluorinated gas. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How much emissions will be reduced per sector: <\/strong><\/p>\n<ul>\n<li>The UAE plans to reduce emissions by 20% for the transport sector compared to 2019 levels through accelerated adoption of EVs; <\/li>\n<li>50% for power and water compared to 2019 levels; <\/li>\n<li>37% for the waste sector, aiming to divert 50% of landfill waste by 2025 and 80% by 2031 through increased recycling and waste-to-energy initiatives; <\/li>\n<li>27% for the industrial sector;<\/li>\n<li>79% for new buildings; and<\/li>\n<li>39% for agriculture.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No shift in fossil fuel plans: <\/strong>The new NDCs make no mention of phasing out fossil fuel production despite COP28\u2019s language stressing a \u201ctransition away\u201d from fossil. The plan, however, aims to mitigate emissions from oil and gas by \u201cintegrating substantial amounts of CO2 capture into their operations.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There is another catch in the plan:<\/strong> International aviation and shipping sectors emissions and targets are not included, but the plan said the UAE is committed to advancing sustainable aviation fuel production and use and seeking green shipping corridors to meet decarbonization goals for these sectors. The UAE plans to upscale the production of e-kerosene for sustainable aviation fuel and green or blue ammonia and methanol for shipping, expecting a \u201csignificant ramp-up post-2030.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it plans to get there: <\/strong>The target will be pursued through a \u201cdiversified strategy,\u201d which hinges on expanding solar capacity, deploying nuclear energy, and increasing waste-to-energy initiatives. The country also plans to conduct feasibility studies to adjust the plan, while factoring in new opportunities and challenges.<\/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\">IN OTHER RELATED COP NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brazil announces new climate pledge but is yet to release updated NDC: <\/strong>Brazil \u2014 one of the world\u2019s major carbon emitters and also home to the world\u2019s major natural carbon sink the Amazon \u2014 announced it aims to cut emissions by 59-67% by 2035 compared to 2005 numbers. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-emissions\/\">Carbon Emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-policy\/\">CLIMATE POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop-watch-policy\/\">COP WATCH - POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainability\/\">sustainability<\/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=\"87875 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=\"87875\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/87875\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87875\" class=\"content-area-description single-story post-87875 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=\"87876\" 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=\"87876\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN FUEL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/\">\r\n                            Egypt\u2019s Oil Ministry moves on USD 530 mn sustainable aviation fuel project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt gets the ball rolling on USD 530 mn sustainable aviation fuel project&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/&title=Egypt gets the ball rolling on USD 530 mn sustainable aviation fuel project\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+gets+the+ball+rolling+on+USD+530+mn+sustainable+aviation+fuel+project+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Fegypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/764.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87877\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/egypt-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/764-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/764.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"764.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/764.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/764.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87876\" class=\"content-area-description single-story post-87876 post type-post status-publish format-standard has-post-thumbnail hentry category-green-fuel tag-aviation tag-egypt tag-enterpriseclimate tag-green-fuel tag-sustainable-aviation-fuels 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\/.01820f40-e5d3-4f43-af09-f8645004a0b5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt launches new company to pursue green aviation fuel ambitions:<\/strong> Egypt\u2019s Oil Ministry launched the Sustainable Aviation Fuel Production Company (ESAF), which will invest USD 530 mn to develop production facilities and integrate the facility with other petroleum companies in Alexandria, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid02Nyq2AbMP2NDsF7VPCuvVvp3vibbYPP5AW1DA5mker4TuwhkxnnVPGNFtFSptZKtyl\" style=\"\" rel=\"noopener\">statement<\/a>. The project aims to produce 120k tons of sustainable aviation fuel (SAF) and reduce carbon emissions by 400k tons a year once production kicks off \u201cwithin the next few years.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>The ministry has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c584f9c9-0377-428e-9833-0c22ccc1eeff\" style=\"\" rel=\"noopener\">working on a plan<\/a> that will see state-owned firm Egyptian Petrochemicals Holding Company (ECHEM) producing the country\u2019s first SAFs, which a government source <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c849562a-fe0a-4834-bd58-a70afd76a754\/egypt-could-start-producing-sustainable-aviation-fuel-in-2025\" style=\"\" rel=\"noopener\">told EnterpriseAM Egypt<\/a> should kick off in 2025 once the necessary studies are completed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move dovetails with Honeywell wrapping up its SAF feasibility study:<\/strong> US multinational conglomerate Honeywell has finished its feasibility study with the European Bank of Reconstruction and Development for SAF production in Egypt, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02rrFLVWpjfMCuciM5DCSiqRtTPUfAcsjGPedPLLXsLUs9Z29UgVD48bjPAk1DcsTdl\" style=\"\" rel=\"noopener\">statement<\/a> from the ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>SAF is a biofuel used to power aircraft that is made from non-petroleum feedstock such as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22e81fef-6d69-4cf8-9e3e-1ab2681067ac\" style=\"\" rel=\"noopener\">waste cooking oil<\/a>, animal fats, and non-food crops. It can reduce carbon emissions by <a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/programs\/environment\/sustainable-aviation-fuels\/\" style=\"\" rel=\"noopener\">up to 80%<\/a> compared to traditional jet fuel. Aviation was responsible for 2% of energy-related carbon emissions in 2022, the International Energy Agency\u2019s <a target=\"_blank\" href=\"https:\/\/www.iea.org\/energy-system\/transport\/aviation#tracking\" style=\"\" rel=\"noopener\">most recent figures<\/a> show.<\/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\/aviation\/\">Aviation<\/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-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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87878\" 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=\"87878\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/\">\r\n                            EBRD mulling USD 320 mn loans for Scatec\u2019s 1 GW solar farm + Hassan Allam\u2019s and Acwa\u2019s 1.1 GW wind farm                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/')\">\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\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/\">\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=EBRD mulling financing for Scatec + Hassan Allam, Acwa projects&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/\">\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\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/&title=EBRD mulling financing for Scatec + Hassan Allam, Acwa projects\">\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=EBRD+mulling+financing+for+Scatec+%2B+Hassan+Allam%2C+Acwa+projects+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Febrd-mulling-financing-for-scatec-hassan-allam-acwa-projects%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\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87879\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-mulling-financing-for-scatec-hassan-allam-acwa-projects\/2088-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2088.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87878\" class=\"content-area-description single-story post-87878 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-acwa-power tag-debt-watch tag-ebrd tag-egypt tag-enterpriseclimate tag-green-finance tag-hassan-allam tag-renewables tag-scatec tag-solar-energy tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.786ace34-9574-47e2-8a9e-b97765370a4f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Acwa + Hassan Allam close to securing 20% of financing for joint wind farm<\/strong><strong> project in <\/strong><strong>Egypt: <\/strong>Saudi renewables giant ACWA Power and Hassan Allam Utilities (HAU) are in talks with the European Bank of Reconstruction and Development (EBRD) over a proposed USD 200 mn loan to help finance the consortium\u2019s USD 1.06 bn mega wind farm planned for the Gulf of Suez, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/work-with-us\/projects\/psd\/55457.html\" style=\"\" rel=\"noopener\">project summary<\/a> from the development bank. No further details about the terms of the financing were provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t the only piece of financing the consortium is hoping to finalize by the end of <\/strong><strong>this year: <\/strong>The two companies are reportedly set to secure close to USD 900 mn in financing by the end of the year for their 1.1 GW wind farm in Gulf of Suez, a source with knowledge of the matter <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ef383d7d-d396-44aa-8217-d4bb65599b2e\/\" style=\"\" rel=\"noopener\">told EnterpriseAM Climate<\/a> in September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>When operational, the project will offset 2.2 mn tons of carbon dioxide annually and produce enough power for nearly 1.1 mn households. The wind farm\u2019s 1.1 GW capacity will mark it as the largest wind project in both Africa and the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The consortium <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d54d21b5-58f2-46fe-aedf-da8023756c8e\/\" style=\"\" rel=\"noopener\">signed a 25-year land usufruct agreement<\/a> with Egypt\u2019s New and Renewable Energy Authority for the wind farm back in January. Commercial operations are set to begin by the end of 2026, according to a statement released at the time.<\/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\">ALSO IN LINE FOR EBRD FUNDING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A USD 120 mn top-up for Scatec\u2019s solar project?<\/strong> The EBRD also gave its initial approval to a USD 120 mn equity bridge loan to <a target=\"_blank\" href=\"https:\/\/www.obelisk.com\/services\/renewables\/solar-pv\" style=\"\" rel=\"noopener\">Obelisk Solar<\/a> \u2014 a special purpose vehicle owned by Norway\u2019s Scatec \u2014 to fund part of Scatec\u2019s 1-GW solar power plant in Nagaa Hammadi, the lender said in a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/work-with-us\/projects\/psd\/55885.html\" style=\"\" rel=\"noopener\">project summary<\/a>. The funds, if given the final green light, will come in two tranches and will be used to help build the solar farm and equip it with a 200 MWh battery energy storage system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Norwegian firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48d8b583-0313-4a09-9f1c-7a8786be6a6c\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with the Egyptian Electricity Holding Company to establish a 1 GW solar and 200 MWh battery storage project in Egypt during CO28. <\/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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ebrd\/\">EBRD<\/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-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hassan-allam\/\">Hassan Allam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/scatec\/\">Scatec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87880\" 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=\"87880\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/\">\r\n                            Acwa\u2019s Uzbekistan solar project lands operation certificate                        <\/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\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/\" 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\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/')\">\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\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/\">\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=Acwa\u2019s Uzbekistan solar project lands operation certificate&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/\">\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\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/&title=Acwa\u2019s Uzbekistan solar project lands operation certificate\">\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=Acwa%E2%80%99s+Uzbekistan+solar+project+lands+operation+certificate+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Facwas-uzbekistan-solar-project-lands-operation-certificate%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\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1189.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87881\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/acwas-uzbekistan-solar-project-lands-operation-certificate\/1189-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1189.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1189.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1189.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1189.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87880\" class=\"content-area-description single-story post-87880 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-acwa-power tag-enterpriseclimate tag-renewables tag-saudi-arabia tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.0acfeb74-7a9b-4b42-98ea-b6b04c3e7f11.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have another update on Acwa\u2019s Riverside Solar project:<\/strong> Acwa Power received the Commercial Operation Certificate for Plant 1, a 200 MW solar photovoltaic plant, at its Riverside solar project in Tashkent, Uzbekistan, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83536&anCat=1&cs=2082&locale=en\" style=\"\" rel=\"noopener\">Saudi exchange disclosure<\/a> from Thursday. ACWA Power owns a 100% stake in the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come:<\/strong> The project also includes a 550 MWh battery storage system \u2014 dubbed Plant 2 \u2014 that is currently under construction, the statement said. The financial impact of Plant 1's operation is expected to be reflected in Acwa Power's results starting in 4Q 2024 and continuing in subsequent quarters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The EBRD is financing the project: <\/strong>The European Bank for Reconstruction and Development (EBRD) is  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/478d82a4-af04-4c7b-a055-4944618300fc\/today:-veolia-offloads-entire-stake-in-lydec-%2B-lots-of-financing-updates\" style=\"\" rel=\"noopener\">facilitating the lending of USD 229.4 mn<\/a>  out of the total USD 373.2 mn in financing for the project. EBRD is extending a USD 169.8 mn loan, while another loan of USD 40.5 mn will be organized through commercial co-financiers. The lender will also mobilize concessional finance of up to USD 5.4 mn from Finland under its High Impact Partnership on Climate Action.<\/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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87882\" 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=\"87882\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/\">\r\n                            Empower reports lower bottom line in 3Q 2024 + Lucid Motors losses widen                        <\/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\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/\" 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\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/')\">\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\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/\">\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=Empower reports lower bottom line in 3Q 2024 + Lucid Motors losses widen&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/\">\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\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/&title=Empower reports lower bottom line in 3Q 2024 + Lucid Motors losses widen\">\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=Empower+reports+lower+bottom+line+in+3Q+2024+%2B+Lucid+Motors+losses+widen+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Fempower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen%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\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/571.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87883\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/empower-reports-lower-bottom-line-in-3q-2024-lucid-motors-losses-widen\/571-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/571.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"571.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/571.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/571.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87882\" class=\"content-area-description single-story post-87882 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-district-cooling tag-earnings-watch tag-empower tag-enterpriseclimate tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.5186340c-b5ea-41e9-b5af-f2cb0c0be841.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EMPOWER-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Emirates Central Cooling Systems (Empower) saw its net income fall 6% y-o-y to <\/strong><strong>264.9 mn in 3Q<\/strong>, while it recorded a 5.3% increase in revenue y-o-y for to reach AED 1.1 bn, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/677.pdf\" style=\"\" rel=\"noopener\">a financial statement (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 9M basis, Empower recorded a net income of AED 68.5 mn<\/strong>, up 4.4% from the same period last year. Meanwhile its revenues hit AED 2.5 bn, up 8% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/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\">ACWA POWER-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Renewables giant Acwa Power turned to the red in 3Q 2024<\/strong>, reporting a net loss of SAR 2.1 bn down from a net income of SAR 2.5 bn during the same quarter last year, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/827.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company pinned the drop on higher development costs and administrative expenses. Meanwhile, revenues were up 13.3% y-o-y to SAR 1.7 bn supported by higher income from electricity and construction management services. <\/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>Acwa Power reported SAR 312.9 mn in net losses during the first nine months of the year (compared to SAR 3.6 bn in net income in 9M 2023), while revenues were up 6.4% y-o-y to SAR 4.6 bn. <\/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\">LUCID MOTORS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF-backed Lucid Motors\u2019 losses widened to USD 992.5 mn in 3Q 2024<\/strong>, from a USD 630.9 mn loss during the same period last year, the firm said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/738.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Despite the lower bottom line, the luxury EV maker logged 45.2% growth in revenues to USD 200 mn on the back of a 90.9% y-o-y increase in car deliveries that saw it hand over keys for 2,781 Lucid Airs. Third quarter revenues narrowly exceeded projections of USD 198 mn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/lucid-beats-revenue-estimates-sticks-annual-production-goal-2024-11-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported citing LSEG data.<\/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> The firm\u2019s losses widened to USD 2.32 bn in the first nine months of the year, compared to a USD 2.17 bn loss during the same period last year. Meanwhile, revenues climbed 30.9% at USD 573.4 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF extended multiple lifelines:<\/strong> Lucid raised <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f23c160a-5afc-43ca-a767-f8e9c75e2363\/blackrock-to-develop-mortgage-backed-securities-market-in-saudi\" style=\"\" rel=\"noopener\">USD 1.75 bn<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f23c160a-5afc-43ca-a767-f8e9c75e2363\/blackrock-to-develop-mortgage-backed-securities-market-in-saudi\" style=\"\" rel=\"noopener\">during the quarter<\/a> in a follow-on public offering, with the tally including proceeds from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/94683184-1e99-43ff-9d5f-d8efa8022511\/pif-throwing-ev-maker%253cmark%253e-lucid%253c%2Fmark%253e-another-lifeline-ahead-of-3q-results\" style=\"\" rel=\"noopener\">PIF\u2019s purchase of an added 374.7 mn shares<\/a> in a private placement as part of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b626d69d-6e97-4821-a768-9d025874e116\/pif-puts-down-an-extra-usd-1.5-bn-for%253cmark%253e-lucid%253c%2Fmark%253e-motors\" style=\"\" rel=\"noopener\">USD 1.5 bn arrangement<\/a> that also included an additional USD 750 mn through an unsecured delayed draw term loan facility.<\/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\/district-cooling\/\">district cooling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/empower\/\">Empower<\/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=\"87884\" 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=\"87884\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/\">\r\n                            EBRD to launch climate risk tool with QNB for Egyptian SMEs                        <\/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\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/\" 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\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/')\">\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\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/\">\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=EBRD to launch climate risk tool with QNB for Egyptian SMEs&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/\">\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\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/&title=EBRD to launch climate risk tool with QNB for Egyptian SMEs\">\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=EBRD+to+launch+climate+risk+tool+with+QNB+for+Egyptian+SMEs+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Febrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes%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\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87885\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/287-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"287.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87884\" class=\"content-area-description single-story post-87884 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-ebrd tag-enterpriseclimate tag-green-finance tag-smes tag-sustainability 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\/.e4af503d-b4d3-42ff-95ef-89604592698c.mp3\"><\/audio><\/figure><p class=\"tag-border-left\"> GREEN FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EBRD <\/strong><strong>introduces climate<\/strong><strong> risk tool for sustainable financing in Egypt: <\/strong>The European Bank for Reconstruction and Development (EBRD), in partnership with QNB Egypt, is piloting a climate-risk assessment tool tailored to Egyptian conditions, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2024\/ebrd-guarantee-to-qnb-egypt-to-unlock-70-million-for-small-firms-in-egypt.html\" style=\"\" rel=\"noopener\">press release<\/a> from Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>This tool will enable QNB to evaluate and monitor climate-related risks in its loan portfolio, aligning lending practices with international sustainability standards. The news was announced as part of a 50-50 risk-sharing facility agreement that would see the EBRD contributing EUR 35 mn to support QNB\u2019s on-lending to SMEs.<\/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\"> M&A WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Marafiq completes acquisition of Veolia\u2019s stake in Jeddah sewage plant:<\/strong> Saudi\u2019s Power and Utility Company for Jubail and Yanbu (Marafiq) has fully acquired France\u2019s Veolia Middle East\u2019s 51% stake in <a target=\"_blank\" href=\"https:\/\/web.facebook.com\/p\/Jeddah-Althaniya-Water-Company-100071056081382\/?_rdc=1&_rdr\" style=\"\" rel=\"noopener\">Jeddah Althaniya Operation and Maintenance Company<\/a> \u2014 a special vehicle company owning an independent sewage treatment plant in Jeddah, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83565&anCat=1&cs=2083&locale=en\" style=\"\" rel=\"noopener\">Saudi exchange disclosure<\/a>. The special vehicle company \u2014 initially a joint venture between Marafiq and Veolia \u2014 has a capital of SAR 300k, and the acquisition is expected to generate an additional SAR 75 mn in net income for Marafiq over the 25-year project agreement. <\/p>\n<p class=\"tag-border-left\">CONSERVATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Malaysia\u2019s SFC + Mubadala to collaborate on mangrove rewilding: <\/strong>The UAE\u2019s Mubadala Energy and Malaysia\u2019s <a target=\"_blank\" href=\"https:\/\/sarawakforestry.com\/\" style=\"\" rel=\"noopener\">Sarawak Forestry Corporation (SFC)<\/a> agreed to partner on a mangrove rewilding pilot project in Kuching Wetland National Park in Sarawak State, <a target=\"_blank\" href=\"https:\/\/dayakdaily.com\/sfc-mubadala-energy-sign-agreement-to-work-on-mangrove-rewilding-project-in-kuching-wetland-national-park\/\" style=\"\" rel=\"noopener\">Dayak Daily<\/a> reports. The pair aim to work on conservation and promoting knowledge exchange between energy producers to ensure their sector does not negatively impact the environment. The pilot project will begin next year. <\/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>Enppi and Honeywell to explore partnership on emission reduction: <\/strong>Enppi \u2014 the engineering arm of Egypt's public petroleum sector \u2014 signed an MoU with American conglomerate Honeywell during ADIPEC 2024 to explore tech collaboration on greenhouse gas emission reduction. The partnership will include training to enhance technical expertise in the sector. (<a target=\"_blank\" href=\"https:\/\/web.facebook.com\/story.php?story_fbid=869805305334442&id=100069149411340&mibextid=WC7FNe&rdid=F2LWNpbCuoIx6ENA&_rdc=1&_rdr\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Egypt to launch natural disaster ins.: <\/strong>The Egyptian Ins. Federation is working with the Financial Regulatory Authority to launch a new ins. tool to cover natural disasters. (<a target=\"_blank\" href=\"https:\/\/www.dostor.org\/4861334#goog_rewarded\" style=\"\" rel=\"noopener\">Al Dostor<\/a>) <\/li>\n<li><strong>Egypt <\/strong><strong>mulls emissions monitoring system for construction sector<\/strong>: Egypt's Housing, Utilities, and Urban Communities Ministry is looking to develop a Monitoring, Reporting, and Verification (MRV) system for waste emissions in new cities. The efforts align with Cabinet plans to ramp up efforts to survey and collect emissions data from across sectors to update the country\u2019s Nationally Determined Contributions plan. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid032fzqTJZAeMXzDBUZV1wBgY7ByrDARyWZ3Q5zW6hfRejWAeAkkLfkVJ5xfDuLSpv2l\" 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\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainability\/\">sustainability<\/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=\"87886\" 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=\"87886\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/longi-pushes-ahead-despite-oversupply-woes\/\">\r\n                            Longi pushes ahead despite oversupply woes                        <\/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\/11\/longi-pushes-ahead-despite-oversupply-woes\/\" 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\/11\/longi-pushes-ahead-despite-oversupply-woes\/')\">\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\/11\/longi-pushes-ahead-despite-oversupply-woes\/\">\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=Longi pushes ahead despite oversupply woes&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/longi-pushes-ahead-despite-oversupply-woes\/\">\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\/11\/longi-pushes-ahead-despite-oversupply-woes\/&title=Longi pushes ahead despite oversupply woes\">\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=Longi+pushes+ahead+despite+oversupply+woes+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F11%2Flongi-pushes-ahead-despite-oversupply-woes%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\/11\/longi-pushes-ahead-despite-oversupply-woes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1240.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87887\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/longi-pushes-ahead-despite-oversupply-woes\/1240-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1240.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1240.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1240.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1240.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87886\" class=\"content-area-description single-story post-87886 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-longi tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.c40fd69c-c874-474a-9310-a8c6827fe3b7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Longi powers through solar oversaturation with new factory:<\/strong> China\u2019s privately owned solar PV manufacturer Longi Green Energy Technology signed an agreement with Yingfa Group to build a 16 GW solar cell plant in Yibin, Sichuan, despite experiencing losses for four consecutive quarters, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-07\/longi-plans-new-solar-factory-in-bet-on-advanced-technology?srnd=homepage-europe\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday, citing a government <a target=\"_blank\" href=\"https:\/\/mp.weixin.qq.com\/s\/WlCd2E_dgPZd-Bm6ediXUQ\" style=\"\" rel=\"noopener\">statement<\/a>. The amount invested has not been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/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 Yibin solar plant will manufacture <a target=\"_blank\" href=\"https:\/\/www.solarbeglobal.com\/what-is-a-back-contact-bc-solar-cell-and-why-is-it-important\/#:~:text=This%20is%20what%20we%20call,promising%20advancement%20in%20solar%20technology.\" style=\"\" rel=\"noopener\">back contact (BC) cells<\/a> which can yield more power from the same amount of sunlight. Phase one of the project is set for 2025 inauguration with a 6 GW annual capacity. BC cells are not common yet, but Longi expects the technology will gain popularity over the next five years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is optimistic despite the numbers: <\/strong>Longi was overtaken as the world\u2019s most valuable solar energy company by China\u2019s Sungrow <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0b529f5d-1993-479c-a2f2-79f69cee56fb\/anti-esg-us-fund-withdraws-usd-13.3-bn-from-blackrock\" style=\"\" rel=\"noopener\">in March<\/a> as price drops narrowed the margins for panel component manufacturers. Earlier this year, the company saw a sharp decline in value, dropping more than 70% from its peak in 2021 due to rapid industry expansion outpacing demand.<\/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\u2019s Trina Solar to sell its US facilities to US-based Freyr: <\/strong><a target=\"_blank\" href=\"https:\/\/ir.freyrbattery.com\/overview\/default.aspx\" style=\"\" rel=\"noopener\">Freyr Battery<\/a> entered an agreement to acquire Chinese giant solar panel maker Trina Solar\u2019s manufacturing assets in the US, including its newly operational 5 GW facility in Wilmer, Texas, according to a <a target=\"_blank\" href=\"https:\/\/www.freyrbattery.com\/news\/freyr-battery-announces-transformative-acquisition-of-trina-solars-u-s-manufacturing-assets-actions-to-strengthen-board-of-directors-and-management-team\" style=\"\" rel=\"noopener\">press release<\/a> from Wednesday. The transaction, valued at USD 340 mn, is expected to close by the end of 2024, pending regulatory approvals. Freyr is expected to ramp up operations in Wilmer to reach full production by 2025, backed by firm US customer contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased US scrutiny into Chinese companies prompted the sale: <\/strong>Trina Solar agreed to the sale following increased US concerns over Chinese companies benefiting from clean energy tax incentives under President Joe Biden's climate policy, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-06\/big-chinese-solar-panel-maker-trina-to-sell-plant-in-texas?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported. Trina will retain a minority stake in Freyr post-sale.<\/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>USD 475 mn loans secured for Li-Cycle: <\/strong>The US Department of Energy finalized a USD 475 mn loan for metals recycler <a target=\"_blank\" href=\"https:\/\/li-cycle.com\/\" style=\"\" rel=\"noopener\">Li-Cycle Holding<\/a> to build a lithium battery recycling facility in New York. The factory is seen as critical to bolstering the domestic EV supply chain, a key goal for the Biden Administration \u2014 which is currently rushing to close loans and approve projects before Donald Trump enters office. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/washington-seals-475-million-loan-battery-recycler-li-cycle-ahead-trumps-arrival-2024-11-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>Vulcan <\/strong><strong>halts German lithium plant: <\/strong>Vulcan Energy Resources is delaying its plans for a large-scale lithium hydroxide plant in Germany from 2025 to 2027 due to delays in the financing process. The project \u2014 set to cost EUR 1.9 bn \u2014 aims to supply 24k tons of lithium hydroxide annually, enough for batteries for 500k EVs. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/vulcan-pushes-back-large-scale-production-date-german-lithium-plant-2027-2024-11-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/longi\/\">LONGi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87888\" 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\/11\/87888\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87888\" class=\"content-area-description single-story post-87888 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>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>, 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;\">April 2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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>COP29 launches | UAE pledges to cut emissions by 47% in NDC 3.0 | Egypt\u2019s renewable projects on way to secure USD 320 mn from EBRD<\/p>\n","protected":false},"featured_media":87869,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-87868","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"21a095ae-a488-4b0a-ab5c-bd3c9f25b75c","teaser":"COP29 launches | UAE pledges to cut emissions by 47% in NDC 3.0 | Egypt\u2019s renewable projects on way to secure USD 320 mn from EBRD","photo_url":"https:\/\/ent.news\/2024\/2\/1098.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>COP29 kicks off in Azerbaijan - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COP29 kicks off in Azerbaijan\" \/>\n<meta property=\"og:description\" content=\"COP29 launches | UAE pledges to cut emissions by 47% in NDC 3.0 | Egypt\u2019s renewable projects on way to secure USD 320 mn from EBRD\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T11:47:11+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/\",\"name\":\"COP29 kicks off in Azerbaijan - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-11T00:00:00+00:00\",\"dateModified\":\"2025-12-15T11:47:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/climate\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"COP29 kicks off in Azerbaijan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"COP29 kicks off in Azerbaijan - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/","og_locale":"en_US","og_type":"article","og_title":"COP29 kicks off in Azerbaijan","og_description":"COP29 launches | UAE pledges to cut emissions by 47% in NDC 3.0 | Egypt\u2019s renewable projects on way to secure USD 320 mn from EBRD","og_url":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/","og_site_name":"Climate","article_modified_time":"2025-12-15T11:47:11+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/","url":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/","name":"COP29 kicks off in Azerbaijan - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1","datePublished":"2024-11-11T00:00:00+00:00","dateModified":"2025-12-15T11:47:11+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1098.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/issues\/cop29-kicks-off-in-azerbaijan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/climate\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"COP29 kicks off in Azerbaijan"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/87868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/87868\/revisions"}],"predecessor-version":[{"id":87906,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/87868\/revisions\/87906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/87869"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=87868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=87868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=87868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}