{"id":87907,"date":"2024-11-12T00:00:00","date_gmt":"2024-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=87907"},"modified":"2025-12-15T11:47:49","modified_gmt":"2025-12-15T11:47:49","slug":"cop-kicks-off-with-carbon-market-framework-approved","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/cop-kicks-off-with-carbon-market-framework-approved\/","title":{"rendered":"COP kicks off with carbon market framework approved"},"content":{"rendered":"<section id=\"87909\" 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=\"87909\">\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\/12\/today-fertiglobes-first-earning-report-after-adnocs-acquisition-carbon-market-rules-make-it-on-cops-first-day\/\">\r\n                            TODAY: Fertiglobe\u2019s first earning report after Adnoc\u2019s acquisition + Carbon market rules make it on COP\u2019s first day                        <\/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\/12\/today-fertiglobes-first-earning-report-after-adnocs-acquisition-carbon-market-rules-make-it-on-cops-first-day\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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On a less positive note, however, the whole summit\u2019s agenda remains unclear as countries fought over whether to include trade barriers in talks. <\/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 WATCH- WHAT HAPPENED YESTERDAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP29 President is elected: <\/strong>Azerbaijan\u2019s Minister of Ecology and Natural Resources Mukhtar Babayev was formally elected as COP29 yesterday, taking over from COP28 President and UAE Technology Minister Dr Sultan Al Jaber. Before becoming a minister, Babayev spent over 25 years in Azerbaijan\u2019s state-owned oil and gas company Socar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In sync with his election, the Guardian published an <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/commentisfree\/2024\/nov\/11\/cop-29-climate-crisis-covid-history-developing-nations-private-investors\" style=\"\" rel=\"noopener\">op-ed<\/a><\/strong><strong> by Babayev calling for more<\/strong> <strong>finances and a bigger role for the private sector. <\/strong>The main points he raised:<\/p>\n<ul>\n<li><strong>The USD 100 bn annual target is insufficient<\/strong> for the especially vulnerable developing nations. <\/li>\n<li><strong>Public funds are vital but aren't enough <\/strong>to meet the financial requirements. The private sector\u2019s role would be crucial. <\/li>\n<li><strong>Innovative financial tools are needed<\/strong> to hedge against the high risks associated with investing in developing countries, like non-payments and macroeconomic risks. <\/li>\n<li><strong>Marshaling massive funds is possible, and the pandemic showed it, <\/strong>pointing to advanced economies raising USD 8 tn over 48 months to support citizens and businesses.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It took a while, but we have a formal agenda:<\/strong> Delegates <a target=\"_blank\" href=\"https:\/\/twitter.com\/COP29_AZ\/status\/1856099352823144836\" style=\"\" rel=\"noopener\">approved and<\/a><a target=\"_blank\" href=\"https:\/\/twitter.com\/COP29_AZ\/status\/1856099352823144836\" style=\"\" rel=\"noopener\">adopted the agenda for COP29<\/a>, although China\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/21a095ae-a488-4b0a-ab5c-bd3c9f25b75c\/cop29-kicks-off-in-azerbaijan\" style=\"\" rel=\"noopener\">last-minute request<\/a> to include climate-related trade barriers set the summit off to a rocky start as delegates fought over the proposal. The agenda was eventually approved past midnight and with some compromises. Consensus on the agenda is required. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND<\/strong><strong>- The summit had a major breakthrough with an end to the deadlock on global<\/strong><strong> carbon market <\/strong><strong>rules<\/strong>, <a target=\"_blank\" href=\"https:\/\/twitter.com\/COP29_AZ\/status\/1856049583622893843\" style=\"\" rel=\"noopener\">reaching consensus on<\/a> and agreeing to \u201cfully operationalize\u201d Article 6.4 under the Paris Agreement. The regulated system would enable countries to meet emissions targets by trading credits that represent one ton of CO2 reduced or removed, thus fostering faster decarbonization through international cooperation. The agreement reached yesterday \u201ccould allow a UN-backed global carbon market, which has been years in the making, to start up as soon as next year,\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/cop29-countries-endorse-global-carbon-market-framework-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a negotiator. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s in? <\/strong>Japan, Singapore, South Korea, and Switzerland are among a handful of countries that have already struck up bilateral carbon trade agreements in the run-up to COP29. Many more countries \u2014 particularly largely developing nations \u2014 are selling, notably Morocco and Tunisia, from our region. More could come if a breakthrough materializes in the summit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rules passed, but not without some criticism:<\/strong> Critics voiced concerns about the process of reaching the carbon rules agreement, which rested largely on backdoor diplomacy rather than seeing negotiations run their course during the summit, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2024\/nov\/11\/critics-say-approval-of-climate-credits-rules-on-day-one-of-cop29-was-rushed\" style=\"\" rel=\"noopener\">the Guardian<\/a> reports. This lack of transparency adds to mounting concerns about the credits themselves, including arguments that carbon trading risks shifting the responsibility from wealthier polluters to developing nations. They argue that international trade should complement \u2014 not replace \u2014 domestic emissions reductions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI<\/strong><strong>- Carbon offsets are often under scrutiny:<\/strong> Carbon credits certifier Verra <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2c1c8157-2f6f-4807-bd86-1a3e3f181d89\" style=\"\" rel=\"noopener\">came under<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2c1c8157-2f6f-4807-bd86-1a3e3f181d89\" style=\"\" rel=\"noopener\">fire last year<\/a> after claims that the company approved mns in \u201cworthless\u201d credits. Some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b8b119b0-efe7-44e2-9350-ff302a1fe37a\/today:-lucid-gets-a-lifeline-%257c-ebrd-funds-aeolus,-scatec-solar-farms\" style=\"\" rel=\"noopener\">236 mn carbon credits<\/a> (32% of the market) failed to meet the Integrity Council for the Voluntary Carbon Markets (ICVCM) requirements to qualify for a Core Carbon Principles label in August. The Science-Based Targets initiative \u2014 the world\u2019s leading arbitrator on corporate net-zero targets \u2014 also called carbon credits largely \u201cineffective.\u201d <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3915d704-d7dc-41be-87fc-f84727fdb653\/today:-green-ammonia-updates-from-egypt-%2B-sirc-launches-mega-waste-to-fuel-plant\" style=\"\" rel=\"noopener\">In July<\/a>, over 80 climate nonprofits came together to warn against the use of carbon credits as a tool to offset emissions.<\/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 COP NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP29 host Azerbaijan under scrutiny for major fossil fuel expansion plans: <\/strong>State-owned company Socar reportedly struck around 25 new oil and gas agreements with potential investments exceeding USD 8 bn since it was announced COP host, a new Global Witness <a target=\"_blank\" href=\"https:\/\/www.globalwitness.org\/en\/campaigns\/fossil-gas\/azerbaijan-state-oil-firm-trebles-deals-year-baku-hosts-cop29\/\" style=\"\" rel=\"noopener\">report<\/a> said. As the summit proceeds, Socar continues securing oil and gas agreements, including, most recently, a USD 468 mn stake in UAE gas projects. European countries \u2014 seeking alternatives to Russian gas \u2014 have turned to Azerbaijan, which has positioned itself as a strategic alternative, reports the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/717089b9-04d3-4849-bb5c-2beea26b0d0e\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yet, the country is set to be the hardest hit by rising temperatures among its peers in <\/strong><strong>Eastern Europe<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/cly0gzxgzrmt?post=asset%3A262e2dc2-ac6a-40c1-8900-d73e1aae010f#post\" style=\"\" rel=\"noopener\">BBC<\/a> reports, citing a study by Christian Aid. The country\u2019s GDP may shrink by 8.5%, the study estimated. <\/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>Here\u2019s a handy <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2891.pdf\" style=\"\" rel=\"noopener\">guide (pdf)<\/a><\/strong><strong> for the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.climate-chance.org\/en\/event-calendar\/cop29-baku\/\" style=\"\" rel=\"noopener\">main thematic days<\/a><\/strong> 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\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Iran is set to increase its renewable energy capacity by 500 MW by the<\/strong><strong> end of the current Iranian calendar year on 20 March 2025<\/strong>, reported <a target=\"_blank\" href=\"https:\/\/www.tehrantimes.com\/news\/506086\/Capacity-of-Iran-s-renewable-power-plants-to-rise-500-MW-by-late\" style=\"\" rel=\"noopener\">Tehran Times<\/a>, citing the senior official at Iran's Renewable Energy and Energy Efficiency Organization Ali Shabnavard. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big plans: <\/strong>Currently, Iran\u2019s renewable energy capacity stands at around 1.4 GW, Tehran Times writes. The Energy Ministry is reportedly pushing for an ambitious goal of adding 10 GW by the end of 2025 to boost the share of renewables in the country's power grid. With 600 renewable plants reportedly under construction, Iran anticipates renewable energy to make up over 15% of its electricity generation in the next two years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Iran\u2019s renewables production increased by 9%:<\/strong> Iran produced 261 GWh of renewables between 21 June and 21 July, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f8e1e7c1-0ac7-4008-82df-f832299fd1b0\" style=\"\" rel=\"noopener\">marking a 9% increase<\/a> from the previous month. This comes on the back of increased wind energy projects which represent 40% of the country\u2019s total renewables capacity. In September, Iran announced it  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3720b62e-f085-4822-babb-f480c9e0eecd\/%253cmark%253eiran%253c%2Fmark%253e-connects-25-mw-solar-farm-to-national-power-grid\" style=\"\" rel=\"noopener\">connected a 25 MW solar farm<\/a>  in the Kerman province to the national power grid back in September. The project \u2014 set up on 42 hectares of land \u2014 comes under Iran\u2019s efforts to enhance renewable energy capacity. <\/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>#2- <\/strong><strong>Mazoon breaks ground <\/strong><strong>on Oman<\/strong><strong> copper project: <\/strong>Minerals Development Oman (MDO) subsidiary Mazoon Mining has broken ground on its copper project in Wilayat of Yanqul, according to a company <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/minerals-development-oman-saoc-mdo_mdooman-activity-7261309969088532482-gNDX\" style=\"\" rel=\"noopener\">statement<\/a>. The <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/minerals-development-oman-saoc-mdo_%D8%AA%D9%86%D9%85%D9%8A%D8%A9%D9%85%D8%B9%D8%A7%D8%AF%D9%86%D8%B9%D9%85%D8%A7%D9%86-activity-7260214497192067072-3El1\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">contracting tender<\/a> was first announced last week with a 21 November deadline. <\/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 project \u2014 Oman\u2019s largest integrated copper concentrate project \u2014 will span 20 sq km and contains estimated copper ore reserves of 22.9 mn tons. It will also feature a processing plant with 2.5 mn tons of annual processing capacity. Once operational in 1Q 2027, the plant will produce 115k tons of copper concentrate per year at a grade of 21.5%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MDO has been bullish on copper: <\/strong>The company is focusing on the country\u2019s copper reserves in the states of Sohar and Liwa \u2014 both are home to around 2.78 mn tons of reserves \u2014 with the goal of raising copper ore\u2019s annual production to 800k tons. This includes the modernization of already existing mines in the area and new explorations in its concession area spanning 23.6k sq km. MDO also began production in a new extraction site in Sohar earlier in 2024, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/mining\/mazoon-mining-breaks-ground-on-omans-largest-copper-concentrate-project-d33re1jk\" style=\"\" rel=\"noopener\">Zawya<\/a> reported.<\/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>#3- <\/strong><strong>EGA <\/strong><strong>extends BMW low-carbon supply agreement: <\/strong>Emirates Global Aluminium (EGA) has extended its <a target=\"_blank\" href=\"https:\/\/www.ega.ae\/en\/products\/celestial\" style=\"\" rel=\"noopener\">CelestiAL-R<\/a> supply agreement with the BMW Group for the upcoming years, according to a <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-extends-celestial-r-supply-agreement-with-the-bmw-group\/\" style=\"\" rel=\"noopener\">statement<\/a>. CelestiAL-R \u2014 a low-carbon blend of aluminum made with solar power and recycled metal \u2014 is used by BMW to manufacture aluminum components for its vehicles. The BMW Group, which has been sourcing aluminum from EGA since 2013, was the first to purchase CelestiAL-R aluminum in 2021. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EGA has more in the works:<\/strong> The Mubadala-backed company is targeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6ff085a9-74ff-46d7-a116-489399c10197\" style=\"\" rel=\"noopener\">further acquisitions<\/a> in East Asia, Europe, the US, and Mexico after completing two transactions this year \u2014 an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1fb4be87-7ef4-45d9-b8ed-9d55528982e8\" style=\"\" rel=\"noopener\">80% stake<\/a> in US-based aluminum recycling company Spectro Alloys and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/405d2695-3a2f-459f-ad36-c9b0c76777f3\/dubizzle-acquires-automotive-news-platform-drive-arabia-%2B%253cmark%253e-ega%253c%2Fmark%253e-completes-leichtmetall-acquisition\" style=\"\" rel=\"noopener\">100% stake<\/a> in Germany\u2019s Leichtmetall Aluminum Giesserei. The Middle East\u2019s largest aluminum producer aims to boost its production capacity by purchasing metal-recycling assets to meet the rising demand for recycled metal products in the US and Europe. EGA also adopted a digital greenhouse gas <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8d7ccc09-8601-4531-99e2-9633dfe7a023\/\" style=\"\" rel=\"noopener\">emissions tracking system<\/a> to improve transparency and thus push its decarbonization efforts forward.<\/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>Saudi Arabia launched the Young Researchers Award at the UNCCD COP16 Science<\/strong> <strong>Pavilion, aiming to drive research on land degradation, desertification, and drought<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/959.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. With a prize pool of USD 70k, the initiative will reward seven early-career researchers (up to 35 years of age) across key areas like land restoration, sustainable agri-food systems, and climate resilience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Submissions are open until Friday, 22 November at the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unccdcop16.org\/Scientific-Excellence-Awards\" style=\"\" rel=\"noopener\">UNCCD website<\/a><\/strong><strong>.<\/strong> Awardwinners will be announced in a special ceremony as part of the event in Riyadh. They will receive USD 10k each \u2014 plus travel and accommodation \u2014 and mentorship from leading environmental experts.<\/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\/carbon-markets\/\">carbon markets<\/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\/emirates-global-aluminum\/\">Emirates Global Aluminum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iran\/\">Iran<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/fertiglobe-reports-first-set-of-earnings-since-adnoc-acquisition-with-the-producer-set-to-snap-up-adnocs-stake-in-exxons-texas-hydrogen-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87913\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/fertiglobe-reports-first-set-of-earnings-since-adnoc-acquisition-with-the-producer-set-to-snap-up-adnocs-stake-in-exxons-texas-hydrogen-project\/1053-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1053.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1053.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87912\" class=\"content-area-description single-story post-87912 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc tag-earnings-watch tag-energy tag-enterpriseclimate tag-fertiglobe tag-hydrogen 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\/.853b6b91-d7b2-4921-84f4-46989f995113.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Fertiglobe sees dip in net income in 3Q on the back of decline in sales:<\/strong> Fertiglobe \u2014 a UAE-headquartered urea and ammonia exporter and MENA\u2019s largest producer of nitrogen fertilizers \u2014 reported USD 31.1 mn in adjusted net income attributable to shareholders, down 25% y-o-y on the back of several one-offs, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/936.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The now-Adnoc subsidiary \u2014 with Adnoc\u2019s USD 3.6 bn acquisition of the producer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1518b3be-ab9f-4fa0-8564-6afaf3eb94a0\/adnoc-completes-acquisition-of%253cmark%253e-fertiglobe%253c%2Fmark%253e,-el-hoshy-staying-on-as-ceo\" style=\"\" rel=\"noopener\">closed last month<\/a> \u2014 saw its revenues fall 6% y-o-y to USD 496 mn in 3Q 2024.<\/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>On a 9M basis, Fertiglobe\u2019s adjusted bottom line attributable to shareholders fell 48% <\/strong><strong>y-o-y to USD 134.6 mn<\/strong>. The company\u2019s revenues also slipped 13% y-o-y to USD 1.5 bn during the nine-month period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe saw its own-produced sales fall 7% y-o-y in 3Q due partly to the impact of power outag<\/strong><strong>es in Algeria and to natural gas curtailments in Egypt <\/strong>due to declines in production amid hot weather at the beginning of the quarter, Fertiglobe CEO Ahmed El Hoshy said. Meanwhile, the company\u2019s sale volumes inched down 2% to 4.2 mn tons during 9M 2024. Excluding these external factors, its own-produced volumes would have been up 2.1% y-o-y in 3Q and 5% in 9M 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the decline?<\/strong> Fertiglobe attributed part of the decline to adjustments in Algerian nitrogen fertilizer producer Sorfert\u2019s gas pricing setup from November 2023 to September 2024, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/936.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Negotiations for that are still ongoing, El Hoshy explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Fertiglobe commissioned a boiler this month that produces steam, which they can use to generate power, and is expected to make it less reliant on the grid, El Hoshy told us. In Egypt, the Oil Ministry is also working to help restore natural gas production to meet the country\u2019s needs, including requirements for industrial producers like Fertiglobe, El Hoshy added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- Fertiglobe plans to unveil its revised strategy in 1Q 2025<\/strong>, where it will clarify its strategic fit within the Adnoc platform, and further details around its plans as Adnoc\u2019s low-carbon ammonia vehicle, while providing information on initiatives planned to enhance margins and revenues through manufacturing improvement and cost optimization programs, El Hoshy told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe expects the market to remain favorable<\/strong>, with short-term demand for nitrogen fertilizers staying robust, driven by tight market conditions and \u201crecord low\u201d Chinese exports of urea. In the long term, the sector will be supported by projected growth in demand from both new and existing applications, coupled with limited supply growth.<\/p>\n<p class=\"tag-border-left\">Adnoc transfers stake in Exxon Texas hydrogen project to Fertiglobe- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe<\/strong><strong> to hold Adnoc\u2019s stake in Exxon\u2019s Texas hydrogen project<\/strong>: Adnoc will transfer a 35% stake in the Baytown, Texas low-carbon ammonia project to Fertiglobe, along with two unspecified UAE projects, according to the statement. The stakes will be transferred at cost, ensuring that, once operational, they will contribute immediately to Fertiglobe's earnings, supporting project returns while \u201cpreserving the company\u2019s balance sheet during the development and construction phase.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transferred stakes are set to more than double Fertiglobe\u2019s total capacity to 9.0 mn <\/strong><strong>tons per annum (mtpa)<\/strong>, with the addition of the two UAE low-carbon ammonia projects, which include a 1 mtpa project under construction and another in the pre-FEED stage, adding 2.4 mtpa, while the Texas project will contribute 1 mtpa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The \u201cglobal\u201d approach will mean more diverse routes and shorter distances: <\/strong>The US project will expand Fertiglobe's presence into the US, alongside its facilities in Egypt, Algeria, and the UAE, El Hoshy told us. This means that low-carbon products will now travel \u201cshorter distances, where anything that was supposed to come from Texas to Korea now goes from the UAE to Korea, while Texas product goes to Europe,\u201d avoiding long distances and reducing emissions, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Adnoc signed a strategic partnership agreement with US energy giant Exxon Mobil to purchase a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be3bac42-d21c-4ef3-befd-3f58320b1948\/adnoc-to-snap-up-35%2525-of-exxon%25e2%2580%2599s%253cmark%253e-texas%253c%2Fmark%253e-hydrogen-project\" style=\"\" rel=\"noopener\">35% stake<\/a> in Exxon\u2019s low-carbon hydrogen project in Texas, which already has an offtake agreement with Japan\u2019s biggest power producer, Jera, and agreements with France\u2019s Air Liquide to build and operate air separation units for oxygen and nitrogen supply to the facility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Texas project will enable Fertiglobe to tap into the growing demand worldwide for <\/strong><strong>ammonia<\/strong>, positioning the firm as a \u201clow-carbon ammonia growth platform with global reach.\u201d The project is pending a final investment decision, expected to be reached in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fact that the project will be sold at cost allows the company to \u201cwarehouse the capital, and the debt involved<\/strong> in building these projects with Adnoc until operations,\u201d El Hoshy told us. <\/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\/adnoc\/\">ADNOC<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/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=\"87914 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=\"87914\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/87914\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87914\" class=\"content-area-description single-story post-87914 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=\"87915\" 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=\"87915\">\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\">WASTE MANAGEMENT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/tadweer-talks-waste-management-in-egypt\/\">\r\n                            Tadweer talks waste management 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\/12\/tadweer-talks-waste-management-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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-->\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\/12\/tadweer-talks-waste-management-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1051.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87916\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/tadweer-talks-waste-management-in-egypt\/1051-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1051.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1051.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1051.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1051.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87915\" class=\"content-area-description single-story post-87915 post type-post status-publish format-standard has-post-thumbnail hentry category-waste-management tag-egypt tag-enterpriseclimate tag-tadweer tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.6fb9d5f8-2776-451b-b03d-d109ac84f467.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweer to invest in waste management and recycling in Egypt:<\/strong> The UAE\u2019s Tadweer and Egypt\u2019s Waste Management Regulatory Authority signed an MoU on waste management and recycling in Egypt, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0VMQ4naqHRGw9J81bssyr2aC7pk9JRMmUoRHsKodBPGkG6hv4CFdnrj8RzGLPuDtcl\" style=\"\" rel=\"noopener\">statement<\/a>. Under the partnership, both parties will explore potential investments and exchange technical knowledge and capacities. <\/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>There\u2019s a palm recycling plant on the horizon: <\/strong>The suggested investments include a EUR 70 mn palm frond waste recycling factory in the New Valley Governorate, according to the Egyptian Environment Ministry. The factory would produce medium-density fibreboard (MDF) wood in collaboration with the Arab Organization for Industrialization, the New Valley Governorate, and the Waste Management Regulatory Authority. The governorate is home to over four mn palm trees and produces around 67.6k tons of palm waste every year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SAF and rubber waste are also on their radar: <\/strong>A sustainable aviation fuel (SAF) partnership is another area of investment proposed by the country\u2019s Environment Ministry, which pointed in its statement to recent investments and regulatory moves to standardize the process of collecting cooking oil waste for SAF production. A plan to recycle rubber waste into soft tire powder used in playgrounds, artificial turf, new rubber, and shoes was also mentioned. <\/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>ALSO- The Nile Recycling Company + MDC to partner on PET recycling: <\/strong><a target=\"_blank\" href=\"https:\/\/www.nilerecycling.com\/\" style=\"\" rel=\"noopener\">Nile Recycling<\/a><a target=\"_blank\" href=\"https:\/\/www.nilerecycling.com\/\" style=\"\" rel=\"noopener\">Company<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.mdc-egypt.com\/\" style=\"\" rel=\"noopener\">Main Development Compan<\/a><a target=\"_blank\" href=\"https:\/\/www.mdc-egypt.com\/\" style=\"\" rel=\"noopener\">y<\/a> have agreed to partner on recycling Polyethylene Terephthalate (PET) into recycled food grade (rPET) bottles and food containers, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02Tzsj5eHAVFGV7ymidBcpmjMQYYzLXxBFzrv3ad8WzbDn9jbjmM9HWpeJ5o37jHful\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>The joint project was given an initial USD 20 mn investment and is expected to begin production in H1 2025 with an expected recycling annual capacity of 22k tons per year. The pair are also hoping to begin exports of the rPET products. The project could reduce emissions by about 40k tons annually. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweer\/\">Tadweer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87917\" 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=\"87917\">\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 ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/germanys-2g-energy-in-talks-to-invest-in-egypts-green-energy-sector\/\">\r\n                            German 2G Energy in talks to invest in Egypt\u2019s green energy sector                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1049.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1049.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87917\" class=\"content-area-description single-story post-87917 post type-post status-publish format-standard has-post-thumbnail hentry category-green-energy tag-enterpriseclimate tag-green-energy tag-green-hydrogen tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.333b388b-f569-42f0-9d56-8f29cb8a8850.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2G Energy wants to set up green hydrogen, biogas projects in Egypt: <\/strong>Germany\u2019s <a target=\"_blank\" href=\"https:\/\/www.2g-energy.com\/\" style=\"\" rel=\"noopener\">2G Energy<\/a> is in talks with five Egyptian companies to set up green hydrogen, biogas, and combined heat and power (CHP) projects locally, project engineer Jonas Stormann told told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/11\/11\/-%D8%AA%D9%88-%D8%AC%D9%8A-%D8%A7%D9%86%D9%8A%D8%B1%D8%AC%D9%8A-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D9%84%D8%A7%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-%D8%A7%D9%84%D8%A3%D8%AE%D8%B6%D8%B1-%D9%88%D8%A7%D9%84%D8%A8%D8%A7%D9%8A%D9%88%D8%BA%D8%A7%D8%B2-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>, without disclosing the expected investment ticket of these projects. <\/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 breakdown:<\/strong> The company is in negotiations with three companies over green hydrogen production projects \u2014 including one in Suez \u2014 and two over biogas projects, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a wider expansion plan: <\/strong>The company is looking to expand into other African and Arab nations, with an eye on Saudi Arabia \u2014 on the back of the country\u2019s booming renewable energy and green hydrogen industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Egypt\u2019s government aims to make the country a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15d6f791-948f-4bbb-9bd3-3ddb57475e44\/the-full-rundown-of-egypt%e2%80%99s-green-targets-through-2030\" style=\"\" rel=\"noopener\">regional hub for green hydrogen<\/a> production by 2026 and a global hub by 2030, with plans to produce 3.2 mn tons of green hydrogen a year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-energy\/\">green energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87919\" 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=\"87919\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/dewas-revenue-rises-profits-dip-in-3q-2024\/\">\r\n                            Dewa\u2019s revenue rises, profits dip in 3Q 2024                        <\/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\/12\/dewas-revenue-rises-profits-dip-in-3q-2024\/\" 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\/12\/dewas-revenue-rises-profits-dip-in-3q-2024\/')\">\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\/12\/dewas-revenue-rises-profits-dip-in-3q-2024\/\">\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=Dewa\u2019s revenue rises, profits dip in 3Q 2024&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/dewas-revenue-rises-profits-dip-in-3q-2024\/\">\n                    X                    <!-- <img decoding=\"async\" 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data-image-title=\"1047.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1047.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1047.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87919\" class=\"content-area-description single-story post-87919 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch 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\/.ed8bbcda-4a89-4620-9533-4aeb0410a280.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Electricity and Water Authority saw its net income decline 14% y-o-y to AED 2<\/strong><strong>.9 bn in 3Q 2024,<\/strong> according to the company's consolidated <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/908.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company's revenues climbed 4.8% y-o-y to AED 9.9 bn.<\/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> Dewa reported a 10.7% decline y-o-y in net income to AED 5.5 bn. The authority booked a 6.2% y-o-y increase in its revenues to AED 23.5 bn on the back of an increase in demand for electricity, water and cooling services, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/909.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dewa has been busy this quarter: <\/strong>Dewa generated a record 19.6 TWh of electricity, marking a 3.98% increase from Q3 2023. Green energy contributed 1.8 TWh (9.18%) of the total, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/948.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Dewa's peak demand reached 10.76 GW, a 3.41% y-o-y increase, while its quarterly gross heat rate of 7,923 BTU\/kWh set a new performance record.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"87921\" 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=\"87921\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/\">\r\n                            A1rwater + public park cooperate on eco-friendly drinking water                        <\/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\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/\" 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\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/')\">\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\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/\">\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=A1rwater + public park cooperate on eco-friendly drinking water&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/\">\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\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/&title=A1rwater + public park cooperate on eco-friendly drinking water\">\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=A1rwater+%2B+public+park+cooperate+on+eco-friendly+drinking+water+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F12%2Fa1rwater-public-park-cooperate-on-eco-friendly-drinking-water%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\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1045.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87922\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/a1rwater-public-park-cooperate-on-eco-friendly-drinking-water\/1045-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1045.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1045.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1045.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1045.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87921\" class=\"content-area-description single-story post-87921 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-emirates-global-aluminum 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\/.13bc62bc-a0c8-4a99-9fe0-1f9bb7bcb916.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\">GREEN TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Umm Al Emarat Park partners with A1rwater for eco-friendly hydration tech: <\/strong>UAE-based cleantech startup <a target=\"_blank\" href=\"https:\/\/a1rwater.com\/\" style=\"\" rel=\"noopener\">A1rwater<\/a> has partnered with Abu Dhabi\u2019s Umm Al Emarat Park to provide eco-friendly hydration at no charge by installing five advanced water generators that eliminate the need for single-use plastic bottles, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/a1rwater-and-umm-al-emarat-park-partner-to-advance-uaes-sustainability-goals-with-innovative-air-to-water-technology-sxjmxiy8\" style=\"\" rel=\"noopener\">press release<\/a> carried by Zawya. The custom A1rwater units \u2014 two A1R30 and three A1R100 machines \u2014 generate 30 and 100 liters of mineralized water daily by condensing water particles from the air. <\/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>REMEMBER- A1rwater\u2019s Dubai facility will begin operations this year: <\/strong>The company unveiled its new air-to-water facility in Dubai Industrial City <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6fe23690-0a4b-4c34-89cf-bbc974b88d76\/uae%25e2%2580%2599s%253cmark%253e-a1rwater%253c%2Fmark%253e%25e2%2580%2599s-new-facility-will-be-fully-operational-in-4q-2024\" style=\"\" rel=\"noopener\">in September<\/a>. The new plant, set to be fully operational by 4Q 2024, will produce over 100k liters of pure water daily from air humidity. The facility will use 50 of its A1R3000 type units to generate 3k liters of water daily.<\/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>Bahrain issues BOO tender for IWPP project: <\/strong>Bahrain\u2019s Electricity and Water Authority has begun the <a target=\"_blank\" href=\"https:\/\/www.tenderboard.gov.bh\/TenderDetails\/?id=918%2F2024%2FBTB+(4601%2F2024%2F4200)\" style=\"\" rel=\"noopener\">pre-qualification process<\/a> for developers to build, own, and operate (BOO) an Independent Water and Power Plant in Sitra with 1.2 GW and 30 MIGD capacity for power and seawater desalination, respectively. <\/li>\n<li><strong>Ceer <\/strong><strong>signs EV systems supply agreement: <\/strong>Saudi Arabia\u2019s first electric vehicle company Ceer has signed a partnership agreement with <a target=\"_blank\" href=\"https:\/\/www.rimac-technology.com\/\" style=\"\" rel=\"noopener\">Rimac Technology<\/a> to procure the latter\u2019s fully integrated Electric Drive Systems, which Ceer plans to use in its upcoming flagship range of EVs. (<a target=\"_blank\" href=\"https:\/\/ceermotors.com\/ceer-partners-with-rimac-technology-for-high-performance-electric-drive-systems\/\" 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\/emirates-global-aluminum\/\">Emirates Global Aluminum<\/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=\"87923\" 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=\"87923\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/shell-faces-dutch-court-order-on-emissions\/\">\r\n                            Shell faces court order to slash emissions by 45%                        <\/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\/12\/shell-faces-dutch-court-order-on-emissions\/\" 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\/12\/shell-faces-dutch-court-order-on-emissions\/')\">\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\/12\/shell-faces-dutch-court-order-on-emissions\/\">\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=Shell faces Dutch court order on emissions&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/shell-faces-dutch-court-order-on-emissions\/\">\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\/12\/shell-faces-dutch-court-order-on-emissions\/&title=Shell faces Dutch court order on emissions\">\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=Shell+faces+Dutch+court+order+on+emissions+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F12%2Fshell-faces-dutch-court-order-on-emissions%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\/12\/shell-faces-dutch-court-order-on-emissions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1043.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87924\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/12\/shell-faces-dutch-court-order-on-emissions\/1043-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1043.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1043.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1043.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1043.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87923\" class=\"content-area-description single-story post-87923 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-biofuels tag-decarbonization tag-emissions tag-enterpriseclimate tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.a73e04ec-1104-45b3-8dc4-d3c455300d2d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shell <\/strong><strong>might need to <\/strong><strong>halve <\/strong><strong>emissions by 2030:<\/strong> A Dutch court is set to issue a ruling today on whether to uphold a 2021 order mandating the company to reduce its absolute carbon emissions by 45% by 2030 compared to 2019 levels, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/dutch-court-rule-shell-appeal-against-landmark-climate-order-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The original ruling by The Hague district court included emissions resulting from the use of Shell\u2019s products. The ruling won\u2019t be final as both parties apply for another appeal. <\/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>What Shell is saying: <\/strong>The company argues that emission reduction demands are the prerogative of states, not courts, and is contending that the ruling would not lead to climate benefits as consumers would simply switch to competitors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What now? <\/strong>The ruling won\u2019t be final as both parties apply for another appeal, and the Court could go one of three ways: Uphold, dismiss, or modify the ruling. One possible modification would be to exclude secondary emissions caused by product consumption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shell has a track record:<\/strong> The company, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dd5a38f7-11f4-488c-9924-7c147c38408e\/\" style=\"\" rel=\"noopener\">appealed<\/a> the court order in April, decided to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/739027c2-b7d8-4d7f-881f-1bea1cb0ebd2\/\" style=\"\" rel=\"noopener\">water down its emissions targets<\/a>, especially its scope 3 emissions \u2014 indirect emissions from the use of its products up and down the value chain that represent 70% of a company\u2019s carbon footprint \u2014 by 15-20% by the end of the decade, down from the previous clear-cut 20% target. Shell also registered and sold 5.7 mn of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0b8c1fd1-06f9-48a9-b860-88efe6222128\/\" style=\"\" rel=\"noopener\">\u201cphantom\u201d carbon credits<\/a> between 2015 and 2021 tied to CO2 removal that never occurred.<\/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 US + Japan to support ADB in raising its climate financing:<\/strong> The US and Japan agreed to underwrite risks for the Asian Development Bank\u2019s (ADB) climate loans, effectively supporting the bank in raising its climate lending by USD 7.2 bn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/adb-increases-climate-finance-after-us-japan-give-worlds-first-sovereign-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing an ADB executive. The agreement came after three years of negotiations with Western governments, and the bank is currently in talks with the World Bank, Inter-American Development Bank, and European Investment Bank to join the move. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details: <\/strong>The US and Japan will guarantee up to USD 1 bn and USD 600 mn, respectively, of existing loans. The ADB has a long-term target of USD 100 bn in climate finance between 2019 and 2039. In 2023, the bank lent USD 9.8 bn for green projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Setting the tone: <\/strong>The move marks the first-ever sovereign backing for climate finance and paves the way for other development banks to ramp up their own climate lending. The innovative structure allows for raising the lending capacity of multilateral banks while avoiding \u201cgeneral capital increases\u201d from donor countries, which is usually a politically challenging process, ADB\u2019s Director of Partner Funds Jacob Sorensen told Reuters.<\/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>Eni<\/strong> <strong>sells more of Plenitude to EIP:<\/strong> Italian energy giant Eni is selling an additional stake in its renewables unit Plenitude to Energy Infrastructure Partners (EIP), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-11\/eni-sells-new-plenitude-stake-to-eip-as-ceo-pushes-disposals\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The transaction \u2014 valued at around EUR 209 mn \u2014 brings EIP's total investment in Plenitude to about EUR 800 mn, a 10% share of the company. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c7aa1b84-591c-4c8d-bac7-bc6194075764\" style=\"\" rel=\"noopener\">transaction<\/a> was first floated last year, and would allow Eni to lock in a value for Plenitude and lay the groundwork for IPO plans.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a bigger plan:<\/strong> The move comes as part of a 2027 business plan to raise capital for new investments by selling around USD 8 bn worth of assets. Eni\u2019s biofuel unit Enilive is also in that sale pipeline after the company entered a temporary exclusivity agreement with US private equity firm KKR to sell it a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/733ad870-fe2b-4dbb-99d8-3011902798b6\/\" style=\"\" rel=\"noopener\">20% to 25% stake<\/a> last July. <\/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>Sweden\u2019s Vattenfall to invest EUR 5 bn in German renewable energy push:<\/strong> Swedish energy company Vattenfall plans to invest EUR 5 bn in Germany\u2019s renewable energy sector by 2028, focusing mainly on new wind and solar parks, charging stations, and storage projects. The company aims to expand its solar capacity by 500 MW annually and battery storage by 300 MW. The company already has two operations wind plants, and two offshore ones planned that are set to provide 1.6 GW and could power 1.7 mn German households. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/vattenfall-invest-5-bln-euros-germanys-clean-energy-market-2024-11-11\/\" 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\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emissions\/\">emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87925\" 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\/12\/87925\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87925\" class=\"content-area-description single-story post-87925 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.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 gets carbon credits to finish line early on | Fertiglobe snaps up Adnoc\u2019s ammonia projects + releases earnings | Tadweer talks waste management in Egypt<\/p>\n","protected":false},"featured_media":87908,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-87907","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"20ee7393-216e-4c11-b426-4bca05492062","teaser":"COP29 gets carbon credits to finish line early on | Fertiglobe snaps up Adnoc\u2019s ammonia projects + releases earnings | Tadweer talks waste management in Egypt","photo_url":"https:\/\/ent.news\/2024\/1\/1100.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin 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