{"id":87947,"date":"2024-11-13T00:00:00","date_gmt":"2024-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=87947"},"modified":"2025-12-15T11:48:28","modified_gmt":"2025-12-15T11:48:28","slug":"multilateral-development-banks-agree-to-ramp-up-climate-finance","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/multilateral-development-banks-agree-to-ramp-up-climate-finance\/","title":{"rendered":"Multilateral development banks agree to ramp up climate finance"},"content":{"rendered":"<section id=\"87949\" 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=\"87949\">\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\/13\/today-turkey-reaffirms-its-bid-to-host-cop31-shell-appeals-court-mandated-emissions-cuts\/\">\r\n                            TODAY: Turkey reaffirms its bid to host COP31 + Shell appeals court-mandated emissions cuts                        <\/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\/13\/today-turkey-reaffirms-its-bid-to-host-cop31-shell-appeals-court-mandated-emissions-cuts\/\" 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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Saudi Arabia launched the Regional Voluntary Carbon Market Company\u2019s new carbon trading platform, with the first auction taking place yesterday, while a handful of agreements and new emissions pledges came out of the summit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>Shell <\/strong><strong>successfully appeals court<\/strong><strong> order: <\/strong>A Dutch appeals court overturned a 2021 ruling that mandated energy giant Shell to cut its carbon emissions by 45% by 2030. The court acknowledged Shell's duty to limit emissions but found insufficient consensus in climate science to enforce a specific reduction percentage. The decision marks a setback for environmental groups like Friends of the Earth, who had celebrated the original ruling as a major victory in the fight against climate change Despite the ruling, Shell maintains its commitment to becoming a net-zero emissions energy business by 2050.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/shell-climate-court-netherlands-51e84d215df13f9c92edf84f301a673f\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/shell-wins-appeal-against-landmark-dutch-climate-ruling-2024-11-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-12\/shell-wins-appeal-in-latest-dutch-court-ruling-over-emissions\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f06e8b83-6366-40aa-a91d-ebbdf10a8798\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2024\/nov\/12\/shell-wins-appeal-against-court-ruling-ordering-cut-in-carbon-emissions\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/11\/12\/business\/shell-emissions-ruling.html\" style=\"\" rel=\"noopener\">The NewYork Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cx240l9xq2yo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/12\/shell-wins-appeal-against-dutch-climate-ruling-to-slash-emissions.html\" style=\"\" rel=\"noopener\">CNBC<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">COP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Turkey reaffirms bid to host COP31:<\/strong> Turkey is a candidate to host the COP31 summit in 20126, President Recep Tayyip Erdogan said during his address at COP29 in Baku, <a target=\"_blank\" href=\"https:\/\/www.aa.com.tr\/en\/environment\/turkiye-bids-to-host-cop31-in-2026-president-erdogan\/3391780\" style=\"\" rel=\"noopener\">Anadolu Ajans\u0131<\/a> reports. Erdogan underscored Turkey's commitment to climate action through initiatives like the Zero Waste Project, which has prevented 5.9 mn tons of greenhouse gas emissions. He also outlined Turkey's renewable energy goals, aiming to expand wind and solar capacity from 31 GW to 120 GW by 2035. Turkey first threw its hat in the ring to host COP31 back in <a target=\"_blank\" href=\"https:\/\/www.barrons.com\/news\/turkey-s-erdogan-offers-to-host-un-climate-talks-in-2026-cf885b3c\" style=\"\" rel=\"noopener\">December 2023<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey is competing with Australia for the gig: <\/strong>Australia, with support from Pacific Island nations, is a <a target=\"_blank\" href=\"https:\/\/www.abc.net.au\/pacific\/australia-pacific-in-prime-position-host-cop31-climate-meeting\/104585544\" style=\"\" rel=\"noopener\">leading candidate<\/a> to host COP31, aiming to solidify climate action and boost green energy investment. Australia\u2019s bid has wide national and international support, with several cities vying to host. Preparations are already underway, supported by a AUD 70 mn federal budget for climate diplomacy and summit logistics.<\/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>COP29 <\/strong><strong>+ FAO partner on farmer initiative: <\/strong>COP29 President Mukhtar Babayev and FAO Director-General Qu Dongyu signed an agreement to launch the Baku Harmoniya Climate Initiative for Farmers, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/cop29azerbaijan_cop29-cop29-cop29azerbaijan-activity-7262090428227678209-vcEX?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative aims to support farmers through the Agriculture for Sustainable Transformation (FAST) Partnership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Socar + IntelliGrid partner on smart gas grids: <\/strong>Azerbaijan\u2019s state-owned oil and gas company Socar signed an agreement with Esyasoft and Presight\u2019s JV IntelliGrid to implement a smart gas grid management system, Azerbaijan state news agency <a target=\"_blank\" href=\"https:\/\/azertag.az\/en\/xeber\/socar__quotintelligrid_quot_sign_smart_gas_grid_management_deal_within_cop29-3272424\" style=\"\" rel=\"noopener\">Azertac<\/a> reports. The agreement aims to use AI for data analysis, predictive maintenance, and real-time monitoring to optimize gas consumption and enhance operational efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- <\/strong><strong>Dubai <\/strong><strong>advances eVTOL taxi project: <\/strong>The first of Joby's four aerial taxi vertiports in Dubai was greenlit for construction near Dubai International Airport, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b65q5z3-hamdan-bin-mohammed-gives-green-light-for\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The vertiport will span 3.1 sq km and will include zones for take-off and landing, aircraft charging, and a dedicated aerial taxi apron. The facility is expected to handle approximately 42k landings annually, serving around 170k riders annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works: <\/strong>Joby Aviation is set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1187855c-430a-49b6-9ea1-2b583824578c\" style=\"\" rel=\"noopener\">commence commercial services<\/a> of its battery-powered air taxis in Dubai by late next year. The company plans to have the infrastructure needed to run the electric air vehicles ready this year, before running initial flights in 2H 2025, in preparation for a full commercial launch at the end of 2025. Skyport will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/08a3a7b6-02d4-4b71-8023-2d9f96f1e83a\" style=\"\" rel=\"noopener\">design<\/a>, construct and operate a network of vertiports, and RTA will be responsible for the air mobility services.<\/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- Dubai Electricity and Water Authority (Dewa)\u2019s pumped-storage hydroelectric <\/strong><strong>plant<\/strong><strong> in<\/strong><strong> Hatta is 94.2% complete<\/strong>, with generator installations underway for trial operations starting in early 2025, according to a <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/about-us\/media-publications\/latest-news\/2024\/11\/dewas-hydroelectric-power-plant#:~:text=Dubai%20Electricity%20and%20Water%20Authority,the%20first%20quarter%20of%202025.\" style=\"\" rel=\"noopener\">statement<\/a>. This AED 1.4 bn project, the first of its kind in the Gulf, is designed to store and deliver energy efficiently, using water from an upper dam and clean power from the Mohammed bin Rashid Al Maktoum Solar Park.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works:<\/strong> The facility, with a capacity of 250 MW and storage of 1.5k MWh, operates by converting water\u2019s potential energy into electricity, capable of supplying power to Dewa\u2019s grid within 90 seconds to meet demand surges. The plant is scheduled for full completion by mid-2025. <\/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- Cleantech market to triple over next decade: <\/strong>Based on current policy settings, the global market for clean technologies is set to triple from USD 700 bn to over USD 2 tn by 2035 \u2014 almost equal to the projected size of the world\u2019s crude oil market, the International Energy Agency said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/799.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. Trade in cleantech is also expected to grow over the coming decade to USD 575 bn, which is more than 50% larger than the projected global natural gas trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s driving the increase? <\/strong>The growth of the global cleantech market comes on the back of rising investment in the manufacturing of technologies as countries try to increase energy security, maintain economic growth, and reduce emissions. China, the EU, the US, and India are leaders in the sector, but China comes out on top as the leading manufacturer of cleantech with a projected USD 340 bn in exports by 2035. That\u2019s around the same as Saudi Arabia and the UAE\u2019s projected combined oil export revenue. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Global South also has potential: <\/strong>Southeast Asia, Latin America, and Africa account for under 5% of clean tech market value but have potential to become key players in the global market. Southeast Asia could emerge as one of the cheapest producers of polysilicon and wafers for solar panels over the next decade, Latin America can scale up wind turbine production, North Africa could become an EV manufacturing hub, and several sub-Saharan African countries could produce iron using low-carbon hydrogen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#4- Indonesia plans to attract international investors for 75 GW of new renewable <\/strong><strong>energy projects over the next 15 years<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/indonesia-build-75-gw-renewable-energy-next-15-years-cop29-envoy-says-2024-11-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> quotes Indonesia\u2019s climate envoy Hashim Djojohadikusumo as saying at COP29. The renewable energy projects, including solar, hydro, geothermal, and nuclear, aim to transform Indonesia\u2019s current energy landscape, where coal comprises over half of the energy mix for its 90 GW capacity, while renewables account for less than 15%. In support, Indonesia\u2019s state utility company is developing a 70k km green transmission line to facilitate renewable power distribution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And carbon credits are on the table:<\/strong> Indonesia also plans to initiate carbon offset programs and a reforestation project for 12.7 mn hectares of degraded land, Reuters writes. With potential support from the Bezos Earth Fund, these projects aim to remove hundreds of mns of metric tons of carbon from the atmosphere and bolster Indonesia\u2019s environmental impact on a global scale.<\/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\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evtol\/\">EVTOL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n  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href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87952\" 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=\"87952\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">COP WATCH - FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/the-loss-and-damage-fund-is-ready-to-accept-contributions\/\">\r\n                            The Loss and Damage Fund is ready to accept contributions                        <\/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\/13\/the-loss-and-damage-fund-is-ready-to-accept-contributions\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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href=\"https:\/\/api.whatsapp.com\/send?text=The+Loss+and+Damage+Fund+is+ready+to+accept+contributions+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F13%2Fthe-loss-and-damage-fund-is-ready-to-accept-contributions%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\/13\/the-loss-and-damage-fund-is-ready-to-accept-contributions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1216.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87953\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/the-loss-and-damage-fund-is-ready-to-accept-contributions\/1216-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1216.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1216.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1216.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1216.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87952\" class=\"content-area-description single-story post-87952 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-finance tag-cop-watch-finance tag-cop29 tag-enterpriseclimate tag-loss-and-damage 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\/.c0943777-b8f1-443d-9c47-3be0be89e3a0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>Loss and Damage Fund is now ready to accept contributions and will<\/strong><strong> start financing projects by 2025<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/cop29.az\/en\/media-hub\/news\/fund-for-responding-to-loss-and-damage-ready-to-accept-contributions\" style=\"\" rel=\"noopener\">statement<\/a>. The fund has seen pledges surpassing USD 720 mn, with Sweden recently committing an additional USD 19 mn. The announcement comes after the fund\u2019s board signed a Trustee Agreement and the Secretariat Hosting Agreement with the World Bank and the Host Country Agreement with the Republic of the Philippines at COP29.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next steps are crucial:<\/strong> \u201cNow, the Fund needs to identify projects to get support flowing. All countries that have pledged money must complete their contribution agreements. And we need more pledges so we can meet the urgent needs of climate change victims,\u201d said COP29 President Mukhtar Babayev.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO FROM THE WORLD OF CLIMATE FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Development banks to ramp up climate finance: <\/strong>10 of the world\u2019s biggest multilateral development banks (MDBs) \u2014 including the World Bank, European Investment Bank, and Asian Development Bank \u2014 have pledged to increase climate finance to low- and middle-income countries to USD 120 bn annually by 2030, according to a <a target=\"_blank\" href=\"https:\/\/www.eib.org\/en\/press\/all\/2024-443-multilateral-development-banks-to-boost-climate-finance\" style=\"\" rel=\"noopener\">press release<\/a>. Of that amount, USD 42 bn will go towards adaptation measures against extreme weather impacts. High-income countries\u2019 combined financing is set to hit USD 50 bn, with USD 7 bn of that figure similarly earmarked for adaptation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All eyes on the private sector: <\/strong>With <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/801841bc-d4ec-493e-aa43-9b9921131006\/today:-uae-to-get-region%25e2%2580%2599s-first-sustainable-aviation-fuel-plant-in-2026-%2B-ksa-launches-8-gwh-battery-storage-tender\" style=\"\" rel=\"noopener\">Donald Trump<\/a> set to head into office and governments cutting back on climate funding, the private sector\u2019s role in increasing climate finance is gaining importance, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/development-lenders-set-new-climate-finance-target-poorer-countries-2024-11-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> says. The MDBs are looking to unlock an additional USD 65 bn in financing from the private sector, according to the press release. In 2023, they provided a record <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e0ccd1a7-bfd6-402d-b1ac-d9dc5ddf6c44\/today:-the-un-forges-ahead-with-a-new-pact-for-the-future\" style=\"\" rel=\"noopener\">USD 125 bn in global climate finance<\/a> for both climate change mitigation and adaptation efforts, with USD 74.7 bn allocated to low- and middle-income countries and USD 50.3 bn to high-income economies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ac132237-a1bc-4a2c-ae84-79dbef0838bb\/shell-faces-court-order-to-slash-emissions-by-45%25\" style=\"\" rel=\"noopener\">Earlier this week<\/a>, 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. The ADB said it was in talks with other MDBs to assist them in similarly increasing their own climate lending. <\/p>\n\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\/cop-watch-finance\/\">COP WATCH - FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/loss-and-damage\/\">loss and damage<\/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=\"87954\" 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=\"87954\">\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\">CARBON MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/saudi-arabias-voluntary-carbon-market-platform-is-online\/\">\r\n                            Saudi Arabia\u2019s voluntary carbon market platform is online                        <\/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\/13\/saudi-arabias-voluntary-carbon-market-platform-is-online\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The platform \u2014 which was first <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/2395130\" style=\"\" rel=\"noopener\">established in 2022<\/a> \u2014 is 80% owned by the Public Investment Fund (PIF), with Tadawul Group holding the remaining 20%. The story got ink from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-12\/saudi-arabia-starts-carbon-trading-market-to-unlock-financing\" style=\"\" rel=\"noopener\">Bloomberg<\/a> and <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/energy-transition\/111224-cop29-saudi-arabia-launches-carbon-credit-exchange-to-bolster-decarbonization-efforts\" style=\"\" rel=\"noopener\">S&P Global<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trading kicked off yesterday and saw participation from 23 Saudi and international <\/strong><strong>companies<\/strong> including Aramco Trading, Ma\u2019aden, Flynas, SABIC, PIF, Luberef, SNB, Eastern Province Cement, Red Sea Global, and others. International players taking part in the inaugural transactions included US-based Energroup and climate portfolio manager Valitera. The core basket clearing price stood at SAR 37.50 per tonne of carbon credits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RVCMC\u2019s launch comes one day after negotiators from across the world <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77f5a283-1888-41d5-accc-d36505c39e92\/today:-fertiglobe%e2%80%99s-first-earning-report-after-adnoc%e2%80%99s-acquisition-+-carbon-market-rules-make-it-on-cop%e2%80%99s-first-day\" style=\"\" rel=\"noopener\">hammered out new rules for carbon trade<\/a><\/strong> at COP29 following years of deadlock, laying the groundwork for a global emissions market administered by the UN.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works: <\/strong>RVCMC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8c31243b-17d7-4147-be74-d979794043c5\" style=\"\" rel=\"noopener\">hired<\/a> global ESG commodities exchange platform Xpansiv in April to provide a tech base for the carbon credit exchange. The company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f64b3a62-1813-43d3-8a57-9d63ff264a14\" style=\"\" rel=\"noopener\">signed two MoUs<\/a> with Kenya\u2019s main dry cell battery maker Eveready East Africa and Carbon Vista Nigeria to set up high-quality and impactful carbon projects in the two countries last year. RVCMC and the National Committee for the Clean Development Mechanism of Saudi Arabia <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5f1bba3c-a8dd-402d-9df5-74cace6ce99a\/\" style=\"\" rel=\"noopener\">inked an agreement<\/a> to ensure the carbon markets in the Kingdom are transparent, robust, and credible.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The carbon market is already active: <\/strong>RVCMC auctioned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3bb1924-9dc1-4866-b00f-d3f50b07744c\" style=\"\" rel=\"noopener\">1.4 mn tons of carbon credits<\/a> in 2022. Saudi Aramco, Olayan Financing, and Ma\u2019aden purchased the largest number of carbon credits in the auction, with 12 other Saudi and regional companies participating. It also held a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9b4faca-8df2-4bfd-9b44-34010fd6496a\" style=\"\" rel=\"noopener\">voluntary carbon credit in Nairobi<\/a> in 2022, offering over 2 mn tons of carbon credits to over 15 companies from various countries, including Saudi Arabia. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/99e143c7-9371-4448-8dce-bb7451fa9cff\/\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Plastics manufacturer Saudi Top to trade carbon credits in July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RVCMC applies new guidelines to address greenwashing claims that have stifled previous <\/strong><strong>carbon market initiatives<\/strong>, Bloomberg said. This means that credits from renewable energy projects and clean cooking stoves will no longer make the cut. The platform is also deploying two teams dedicated to due diligence on each credit-generating project, while accreditation must also be secured from independent verifiers Sylvera or BeZero. \u201cIt\u2019s a lot of overhead on companies but this is the only way we can protect our buyers and provide some confidence to them,\u201d Bloomberg cites the platform\u2019s CEO Rihm ElGizy as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More than three quarters of the credits on offer are connected to projects in the Global <\/strong><strong>South<\/strong>, including Bangladesh, Brazil, Ethiopia, Malaysia, Pakistan, and Vietnam, the statement said. About a fifth of the auctioned credits are \u201cremoval credits,\u201d which are designed to pull greenhouse gasses out of the atmosphere rather than simply cut emissions, in line with international standards. These include landfill gas projects which capture methane emissions, a reforestation drive in Ethiopia that will also boost local incomes, and a US-based construction technology project that looks to embed captured CO2 in concrete.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the region\u2019s second go at a carbon offset market: <\/strong>Abu Dhabi was first out of the gate with a carbon exchange in the Middle East, but the platform \u2014 dubbed ACX \u2014 shut down just one year after launch and moved shop to Singapore due to limited market pull and policy gaps, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f6c0ff0a-2360-4f0e-acd1-c5bc2bde04ad\/this-morning:-aircarbon-exchange-exits-abu-dhabi-+-us-approves-potential-usd-1.2-bn-arms-sale-to-uae\" style=\"\" rel=\"noopener\">EnterpriseAM UAE<\/a> reported previously. A lack of mandates requiring regional firms to offset their emissions and a downturn in the global carbon offset market on the back of widespread greenwashing claims contributed to ACX\u2019s failure to generate traction.<\/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 CARBON CREDIT NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt<\/strong> <strong>amends carbon credit rules on EGX: <\/strong>Egypt\u2019s Financial Regulatory Authority (FRA) amended the rules for listing and delisting carbon emission reduction certificates on the EGX, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0A3LgBFuou2xfJ4ueNddkeLdGQwjxxd2wFv1vRYyenUyiSizrju9pPsGbrD8J5rCjl?rdid=hPiaPnJttLVKG3L6#\" style=\"\" rel=\"noopener\">statement<\/a>. The changes aim to cut red tape and encourage companies to participate in carbon reduction projects by simplifying the registration process for emission-reduction projects. The new regulations allow projects to be registered in the database before validation reports are issued, provided that these reports are submitted within a year. The FRA has also introduced a requirement for verification and validation entities to obtain ISO certifications to enhance their capabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FRA has been busy: <\/strong>The authority registered <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/64224ab7-1f0a-4d05-9319-1e3c6fa813dc\/\" style=\"\" rel=\"noopener\">12 new carbon reduction projects<\/a> to its newly-launched carbon market in September. All 12 projects are certified under Egyptian Biodynamic Association\u2019s Economy of Love standard, which aims to support small-scale farmers as they switch to organic and biodynamic farming methods. They will offer over 13.2k carbon credits that will help reduce 13.3k tons of carbon emissions.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/rvcmc\/\">RVCMC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87956 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"87956\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/87956\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87956\" class=\"content-area-description single-story post-87956 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareinfinitypower.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/851.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87957\" 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=\"87957\">\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\">COP WATCH - POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/uk-sets-new-emissions-targets-trumps-anti-climate-views-will-not-shape-targets-world-bank-says\/\">\r\n                            UK sets new emissions targets + Trump\u2019s anti-climate views will not shape targets, World Bank says                        <\/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\/13\/uk-sets-new-emissions-targets-trumps-anti-climate-views-will-not-shape-targets-world-bank-says\/\" 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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This move aligns with the <a target=\"_blank\" href=\"https:\/\/www.theccc.org.uk\/publication\/letter-advice-on-the-uks-2035-nationally-determined-contribution-ndc\/\" style=\"\" rel=\"noopener\">recommendations<\/a> of the Climate Change Committee, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-12\/starmer-ramps-up-uk-climate-ambition-vowing-bigger-emissions-cut\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported. The UK government is expected to submit a detailed action plan next year, focusing on sectors such as domestic transport and buildings. The target <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43da398c-f686-4e74-9db0-dbd6419577a3\/today:-ksa%25e2%2580%2599s-ma%25e2%2580%2599aden-and-bahrain%25e2%2580%2599s-alba-explore-a-merger\" style=\"\" rel=\"noopener\">excludes<\/a> international aviation and shipping emissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The higher target is being (relatively) well received:<\/strong> \u201cThis is a relatively ambitious target compared with many other nations, and will help build momentum at these talks,\u201d Greenpeace UK\u2019s senior political adviser Rebecca Newsom said, according to Bloomberg. \u201cStarmer\u2019s 2035 carbon-reduction pledge is a step in the right direction but must be seen as a floor to the level of ambition, not a ceiling \u2026 if these targets are to be credible, they must be backed by a clear plan to ensure they are met. The UK\u2019s existing 2030 commitment is currently way off course,\u201d Friends of the Earth\u2019s head of campaigns Rosie Downes told <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2024\/nov\/11\/keir-starmer-to-unveil-ambitious-new-uk-climate-goal-cop29-ndc\" style=\"\" rel=\"noopener\">The Guardian<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ELSEWHERE IN THE WORLD OF CLIMATE TARGETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>World Bank remains committed to climate goals despite Trump re-election concerns: <\/strong> Donald Trump\u2019s re-election as US president should not derail the bank\u2019s climate targets, World Bank President Ajay Banga told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-12\/trump-won-t-knock-world-bank-off-its-climate-targets-banga-says\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on the sidelines of COP29. Instead, he urged observers to focus on Trump\u2019s actions rather than his campaign rhetoric. \u201cLet\u2019s watch his actions, watch his deeds and work with him on explaining why these things are good for American business, for European businesses, and for everybody else,\u201d he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The World Bank is still on the right path: <\/strong>The World Bank remains on track to meet its climate goals, with 44% of its current loans dedicated to climate projects and an aim to reach 45% by 2025, Banga said. The bank has also expanded debt relief for small island nations impacted by climate crises and plans to launch a Frontier Opportunities Fund to attract investment from pension funds and insurance companies for climate initiatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF WHICH-<\/strong> <strong>Trump <\/strong><strong>urged to <\/strong><strong>drop anti-climate<\/strong><strong> agenda: <\/strong>Exxon Mobil CEO Darren Woods urged the US president-elect to reconsider his plan to withdraw the US from the Paris Agreement. In an interview with <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-12\/exxon-ceo-pushes-back-on-trump-s-radical-anti-climate-agenda?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, Woods emphasized that staying in the pact would allow the US to influence global carbon-cutting policies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch:<\/strong> Woods argued that participating in international efforts is crucial for balancing emission reductions with the need for affordable energy. Woods also defended the Inflation Reduction Act (IRA), noting its focus on lowering carbon intensity through market-driven solutions. He pointed out that the IRA's tax credits for low-carbon hydrogen production and other green technologies are essential for justifying investments in the energy transition.<\/p>\n\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\/cop-watch-policy\/\">COP WATCH - POLICY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop29\/\">COP29<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-bank\/\">World Bank<\/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=\"87959\" 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=\"87959\">\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\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/\">\r\n                            Masdar progresses on 1 GW Kazakh wind farm                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/\" 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\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/')\">\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\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Masdar progresses on 1 GW Kazakh wind farm&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/\">\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\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/&title=Masdar progresses on 1 GW Kazakh wind farm\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Masdar+progresses+on+1+GW+Kazakh+wind+farm+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F13%2Fmasdar-progresses-on-1-gw-kazakh-wind-farm%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\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1164.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87960\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/masdar-progresses-on-1-gw-kazakh-wind-farm\/1164-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1164.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1164.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1164.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1164.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87959\" class=\"content-area-description single-story post-87959 post type-post status-publish format-standard has-post-thumbnail hentry category-wind tag-enterpriseclimate tag-masdar tag-renewables tag-uae tag-wind tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.6c79338f-0f01-43b2-ab11-e32e3c4170cc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>PROJECT UPDATE- Masdar signs investment agreement for 1 GW<\/strong><strong> Kazakhstan wind farm: <\/strong>UAE renewables giant Masdar and its partners \u2014 W Solar, Qazaq Green Power QGP, and the Kazakhstan Investment Development Fund \u2014 signed an investment agreement with Kazakhstan\u2019s government to develop for their 1 GW wind farm in Kazakhstan, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/major-milestone-reached-for-1gw-wind-farm-in-kazakhstan\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement was signed on the sidelines of COP29. <\/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 wind farm will have a 600 MWh capacity Battery Energy Storage System (BESS) and will be located in the Jambyl region. Constriction is set to begin in Q1 2026. Once completed, the plant is expected to produce enough power for 300k homes in south Kazakhstan to offset 2 mn tons of emissions per annum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline and impact:<\/strong> The construction will commence in 1Q 2026, and when completed, it will provide power to 300k homes in the south of Kazakhstan, eliminating 2 mn tons of annual carbon emissions. The new facility is located in the Jambyl region, and will feature a 600 MWh battery energy storage system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The company signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48d8b583-0313-4a09-9f1c-7a8786be6a6c\/masdar-signs-a-spate-of-agreements-in-a-renewables-energy-swoop-%2B-scatec-and-amea-power-expand-their-presence-regionally-and-abroad\" style=\"\" rel=\"noopener\">joint development agreement<\/a> (JDA) with W Solar, Qazaq Green Power QGP \u2014 owned by Kazakh sovereign wealth fund Samruk-Kazyna \u2014 and the Kazakhstan Investment Development Fund to develop the wind farm in December 2023 as part of a slate of agreements signed during COP28. The project marks Masdar\u2019s first entry into Kazakhstan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar has been heavily investing in Asian green energy projects<\/strong>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d04e81ad-9740-4cda-93d8-d1b74fe22f90\/\" style=\"\" rel=\"noopener\">signing an agreement<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d04e81ad-9740-4cda-93d8-d1b74fe22f90\/\" style=\"\" rel=\"noopener\">with Malaysia<\/a> to proceed with the development of 10 GW worth of clean energy projects late last year. The company is also developing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6be91c44-beff-4338-9bab-ea9fd03954c8\/adp-inks-usd-200-mn-egypt-terminal-agreement.-plus:-news-from-real-estate,-financial-services,-energy,-trade,-and-tourism,-and-more\" style=\"\" rel=\"noopener\">2 GW wind farm<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/586f31bb-e46f-4aa7-83aa-f7b79ff08cbc\/%253cmark%253emasdar%253c%2Fmark%253e-and-the-world-bank-advance-uzbek-solar-project\" style=\"\" rel=\"noopener\">250 MW solar plant<\/a> in Uzbekistan, as well as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/95ed7ee6-bb6a-43d4-9cc1-2995597bf88c\/uae-climate-fund-alterra-pledges-usd-200-bn-in-additional-investments-%2B-uae-breaks-ground-on-azerbaijan-solar-plants\" style=\"\" rel=\"noopener\">1 GW worth of solar and wind projects<\/a> in Azerbaijan. The company is also developing projects in Indonesia, including a plan to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/89f8e12d-e09d-4f5d-a020-ba409e1e3a79\/%253cmark%253emasdar%253c%2Fmark%253e-inks-a-spate-of-agreements-on-indonesian-renewable-energy-projects\" style=\"\" rel=\"noopener\">triple the size of its Cirata 145 MW floating solar plant<\/a> and to explore green hydrogen projects. It also signed an agreement with Kyrgyzstan\u2019s Ministry of Energy to establish <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/066e0721-a7be-4021-8603-c00deb83b940\/enec-inks-agreements-with-ge-hitachi-and-bill-gates%25e2%2580%2599-terrapower-%2B%253cmark%253e-masdar%253c%2Fmark%253e-expands-in%253cmark%253e-kazakhstan%253c%2Fmark%253e-and-poland\" style=\"\" rel=\"noopener\">3.6 GW of hydropower<\/a> and renewable energy projects.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind\/\">wind<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87961\" 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=\"87961\">\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\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/un-backed-ita-cooperates-with-uae-and-bahrain-to-boost-decarbonization\/\">\r\n                            UN-backed ITA cooperates with UAE and Bahrain to boost decarbonization                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/un-backed-ita-cooperates-with-uae-and-bahrain-to-boost-decarbonization\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The UAE\u2019s Industry and Advanced Technology Ministry and Bahrain\u2019s Industry and Commerce Ministry are the ITA's inaugural partners in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s involved? <\/strong>UAE-based companies EMSteel, Emirates Global Aluminium, and Arabian Gulf Steel Industries (AGSI) signed on as formal partners. EMSteel is piloting green hydrogen to produce low-carbon steel with Masdar, while Emirates Global Aluminium and AGSI emphasize collaboration to address shared decarbonization challenges and improve policy frameworks for sustainable solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The ITA was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/aa281379-0de7-4f6c-96ae-3acbf9f7ffeb\/today:-egypt-approves-more-renewables-projects-%2B-ega-snaps-up-stakes-in-spectro-alloys\" style=\"\" rel=\"noopener\">launched in December 2023<\/a> at the World Climate Action Summit and aims to gather investment to bolster decarbonization efforts in heavy-emitting industries \u2014 aluminum, cement, chemicals, steel, shipping, and aviation. The accelerator also supports scaling clean industrial projects to help them reach final investment decisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What will it do? <\/strong>The ITA aims to support large-scale industrial projects to reach Final Investment Decisions (FID) by 2026 and become operational by 2030, a critical timeline to meet Paris Agreement goals, BNA reports. Through its Mission Possible Partnership (MPP) Global Project Tracker, ITA has identified key net-zero aligned projects in the UAE, which, if realized, could meet 30% of the UAE\u2019s 2030 climate target. ITA provides tailored support, helping address policy needs, stimulate demand for green goods, and build low-emissions value chains to de-risk investments. <\/p>\n\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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/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\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/un\/\">UN<\/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=\"87963\" 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=\"87963\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/egypt-greenlights-ev-ins-policies-guidelines\/\">\r\n                            Egypt greenlights EV ins. policies guidelines                        <\/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\/13\/egypt-greenlights-ev-ins-policies-guidelines\/\" 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\/13\/egypt-greenlights-ev-ins-policies-guidelines\/')\">\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\/13\/egypt-greenlights-ev-ins-policies-guidelines\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt greenlights EV ins. policies guidelines&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/egypt-greenlights-ev-ins-policies-guidelines\/\">\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\/13\/egypt-greenlights-ev-ins-policies-guidelines\/&title=Egypt greenlights EV ins. policies guidelines\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+greenlights+EV+ins.+policies+guidelines+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F13%2Fegypt-greenlights-ev-ins-policies-guidelines%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\/13\/egypt-greenlights-ev-ins-policies-guidelines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1738.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87964\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/egypt-greenlights-ev-ins-policies-guidelines\/1738-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1738.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1738.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1738.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1738.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87963\" class=\"content-area-description single-story post-87963 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-bahrain tag-enterpriseclimate tag-recycling tag-saudi-arabia tag-solar-energy tag-tadweeer 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\/.c1582497-a168-421d-a764-5d6dc93291db.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">EVs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s Financial Regulatory Authority (FRA) approved two guiding<\/strong><strong> documents for ins. policies covering electric vehicles<\/strong> (EVs) for personal and commercial use, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b9%d8%aa%d9%85%d8%af-%d9%88%d8%ab%d8%a7%d8%a6%d9%82-%d8%a7%d9%84%d8%aa%d8%a3%d9%85%d9%8a\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing the Insurance Federation of Egypt\u2019s auto division head, Arabi Al Sayed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The guiding documents see ins. plans covering accidents, repairs, fires, theft, third-party liability, and passenger protection for EV owners \u2014 though only if they follow manufacturer guidelines to avoid issues, such as only using original chargers and safely disposing of damaged batteries. Cyberattacks are excluded from coverage. Each ins. company must get FRA approval before issuing either of the approved policies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RECYCLING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweeer + Re to collaborate on recycling: <\/strong>Saudi Arabia\u2019s National Environmental Recycling Co. (Tadweeer) and Dubai-based <a target=\"_blank\" href=\"https:\/\/resustainability.ae\/\" style=\"\" rel=\"noopener\">Re Sustainability Middle East<\/a> signed an MoU to explore jointly establishing metal refineries and recycling units in Saudi Arabia, according to a Tadawul <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83640&anCat=1&cs=9540&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The collaboration would also include the development of a joint venture company which will be set up later on. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Tadweeer just got a boost: <\/strong>Tadweeer received approval <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dc54e6ce-3ab0-45eb-8127-977c827addd4\/today:-uae-to-tap-into-ai%25e2%2580%2599s-potential-in-energy-transition-%2B-masdar,-adnoc-and-microsoft-partner-on-ai-and-low-carbon-solutions-%2B-saudi-awards-11-mining-licenses\" style=\"\" rel=\"noopener\">last week<\/a> from the Capital Market Authority for its proposal to double the company's capital by issuing bonus shares. The plan \u2014 initially recommended by the board in August \u2014 will capitalize SAR 58.08 mn from retained earnings, providing freeshares to existing shareholders.<\/p>\n<p class=\"tag-border-left\">SOLAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EWA issues 44 MW solar tender: <\/strong>Bahrain\u2019s Electricity and Water Authority issued a call for bids for the engineering, design, supply, installation, testining, and commissioning of a 44 MW-peak solar PV plant for the University of Bahrain, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/ewa-invites-bids-for-44-mwp-solar-pv-plant-at-university-of-bahrain-fqs85yhk\" style=\"\" rel=\"noopener\">Zawya Projects<\/a> reports. The plant will generate around 75 GWh of electricity per year using car park solar PV systems. The deadline to submit proposals is 21 November and the chosen contractor will have two years to complete the project. <\/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\"> INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyundai Engineering and Construction (E&C) secured a USD 713.9 mn<\/strong><strong> contract from the Saudi Electricity Company for high-voltage transmission lines<\/strong>, Korea\u2019s <a target=\"_blank\" href=\"https:\/\/en.yna.co.kr\/view\/AEN20241112007200320\" style=\"\" rel=\"noopener\">Yonhap<\/a> news agency reports, citing a regulatory filing. The agreement will see Hyundai E&C build out a 369-km section of the 500-kilovolt 1,089-km high-voltage direct current (HVDC) transmission line connecting Riyadh with Kudmi in the southwestern Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyundai E&C is doing plenty in Saudi: <\/strong>The engineering firm secured a contract last year to build another HVDC transmission line linking Neom with the southwestern port city of Yanbu. Reports also emerged earlier this year indicating that a Hyundai E&C-led consortium will be working on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e2e73b8b-ef93-4bcc-a2d9-8d6353e59149\/aramco-awards-over-usd-25-bn-in-contracts-as-it-pushes-deeper-into-natural-gas\" style=\"\" rel=\"noopener\">second phase<\/a> of Aramco\u2019s Jafurah Gas Field in a USD multi-bn contract. Hyundai was also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7fee148-e6fc-4c0e-a282-274d68a07ad9\" style=\"\" rel=\"noopener\">awarded a USD 145 mn contract<\/a> last year to build a 525 KV HVDC transmission line connecting Saudi Arabia\u2019s net zero city Neom to cities across the country.<\/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\">GREEN CEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A partnership between local cement supplier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudireadymix.com\/\" style=\"\" rel=\"noopener\">Saudi Readymix<\/a><\/strong><strong> and <\/strong><strong>Finnish tech firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.betolar.com\/\" style=\"\" rel=\"noopener\">Betolar<\/a><\/strong><strong> rolled out two low-emission concrete products<\/strong> for use in Saudi Arabia\u2019s construction sector, according to <a target=\"_blank\" href=\"https:\/\/www.betolar.com\/releases\/saudi-readymix-and-betolar-co-operate-with-low-carbon-concrete-solutions-for-saudi-arabian-market\" style=\"\" rel=\"noopener\">a press release<\/a>. The low-carbon concrete solutions look to bolster the construction sector\u2019s push to contribute to national sustainability goals. <\/p>\n\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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tadweeer\/\">Tadweeer<\/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=\"87965\" 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=\"87965\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/siemens-nabs-major-turbine-order\/\">\r\n                            Siemens nabs major turbine order                        <\/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\/13\/siemens-nabs-major-turbine-order\/\" 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\/13\/siemens-nabs-major-turbine-order\/')\">\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\/13\/siemens-nabs-major-turbine-order\/\">\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=Siemens nabs major turbine order&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/siemens-nabs-major-turbine-order\/\">\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\/13\/siemens-nabs-major-turbine-order\/&title=Siemens nabs major turbine order\">\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=Siemens+nabs+major+turbine+order+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F13%2Fsiemens-nabs-major-turbine-order%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\/13\/siemens-nabs-major-turbine-order\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1222.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87966\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/siemens-nabs-major-turbine-order\/1222-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1222.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1222.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1222.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1222.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87965\" class=\"content-area-description single-story post-87965 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-iberdrola tag-siemens tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.64cd9b98-6f13-411f-bddb-8f23068d1e95.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Siemens secures USD 1.3 bn turbine order: <\/strong>Siemens Energy\u2019s wind division Siemens Gamesa has been selected for a wind turbine order worth USD 1.3 bn (GBP 1 bn) by <a target=\"_blank\" href=\"https:\/\/www.scottishpower.com\/pages\/about_us.aspx\" style=\"\" rel=\"noopener\">ScottishPower<\/a> \u2014 a subsidiary of Spain\u2019s Iberdrola \u2014 for its 960 MW offshore <a target=\"_blank\" href=\"https:\/\/www.scottishpowerrenewables.com\/pages\/east_anglia_two.aspx\" style=\"\" rel=\"noopener\">East Anglia TWO<\/a> wind farm, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/siemens-energy-wins-13-bln-scottishpower-wind-turbine-order-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The GBP 4 bn project is located in the North Sea and will incorporate 64 of Siemens\u2019 SG 14-236 DD offshore wind turbines to produce enough energy to power almost 1 mn homes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iberdrola benefited from the UK\u2019s renewables auction: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/85c1e36f-68d8-481d-b3a3-252b35fa7c0b\/today:-pif-launches-a-tap-sale-of-10-year-maiden-green-bond-%2B-egypt%25e2%2580%2599s-carbon-market-heats-up\" style=\"\" rel=\"noopener\">In September<\/a>, the UK awarded 131 subsidy contracts in its latest renewable energy auction \u2014 the sixth of its kind \u2014 to back nearly 10 GW of capacity, including for East Anglia Two and East Anglia Three. <\/p>\n\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\/iberdrola\/\">Iberdrola<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/siemens\/\">Siemens<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87967\" 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\/13\/87967\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87967\" class=\"content-area-description single-story post-87967 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\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>L&#038;D Fund now open to contributions. Saudi\u2019s voluntary carbon market is online. New emissions targets from the UK. Shell appeals court order for emissions cuts.<\/p>\n","protected":false},"featured_media":87948,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-87947","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c2b2eb9d-8e13-4485-903e-c91212209895","teaser":"L&D Fund now open to contributions. Saudi\u2019s voluntary carbon market is online. New emissions targets from the UK. Shell appeals court order for emissions cuts.","photo_url":"https:\/\/ent.news\/2024\/3\/2595.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Multilateral development banks agree to ramp up climate finance - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/multilateral-development-banks-agree-to-ramp-up-climate-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multilateral development banks agree to ramp up climate finance\" \/>\n<meta property=\"og:description\" content=\"L&amp;D Fund now open to contributions. Saudi\u2019s voluntary carbon market is online. 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