{"id":88030,"date":"2024-11-18T00:00:00","date_gmt":"2024-11-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=88030"},"modified":"2025-12-15T11:49:43","modified_gmt":"2025-12-15T11:49:43","slug":"its-going-to-be-a-busy-week-as-cop29-and-g20-collide","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/its-going-to-be-a-busy-week-as-cop29-and-g20-collide\/","title":{"rendered":"It\u2019s going to be a busy week as COP29 and G20 collide"},"content":{"rendered":"<section id=\"88032\" 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=\"88032\">\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\/18\/today-all-the-latest-from-cop29-egypt-continues-its-renewables-push\/\">\r\n                            TODAY: All the latest from COP29 + Egypt continues its renewables push                        <\/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\/18\/today-all-the-latest-from-cop29-egypt-continues-its-renewables-push\/\" 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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Climate matters are speculated to be at the top of G20\u2019s agenda as several leaders skipped COP29 citing preparations for the summit, leaving climate negotiators in Baku with their eyes peeled on proceedings and potentially strong climate finance outcomes. Before we dive in\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HERE\u2019S WHAT TO LOOK OUT FOR THIS WEEK-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>19 November:<\/strong> Food, Agriculture and Water<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>21 November:<\/strong> Nature and Biodiversity, Oceans and Coastal Zones<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>22 November:<\/strong> Final Negotiations<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And ICYMI- a handy <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2891.pdf\" style=\"\" rel=\"noopener\">guide (pdf)<\/a><\/strong><strong> for the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.climate-chance.org\/en\/event-calendar\/cop29-baku\/\" style=\"\" rel=\"noopener\">main thematic days<\/a><\/strong> and what to expect and a full rundown of all the panels, workshops, discussions, debates, and keynote speeches.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>Biden <\/strong><strong>makes historic Amazon <\/strong><strong>visit: <\/strong>US President Joe Biden is the first sitting US president to <a target=\"_blank\" href=\"https:\/\/br.usembassy.gov\/fact-sheet-president-biden-marks-historic-climate-legacy-with-trip-to-brazils-amazon-rainforest\/\" style=\"\" rel=\"noopener\">visit the Amazon rainforest<\/a> after landing in Brazil yesterday to meet with local leaders dedicated to preserving the rainforest. The Biden administration is making an additional USD 50 mn contribution to the Amazon Fund primarily financed by Norway. The contribution takes US donations up to USD 100 mn. Biden's visit comes ahead of the G20 summit in Rio de Janeiro, where global leaders will address pressing issues including climate change. The Amazon, home to 10% of Earth's biodiversity and vital for regulating moisture across South America, has faced severe deforestation and historic droughts. Brazilian President Lula da Silva has pledged \"zero deforestation\" by 2030, and recent data shows <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c96d5f40-9b29-43cc-a892-83999ca3a699\/\" style=\"\" rel=\"noopener\">a 30.6% drop<\/a> in forest loss over the past year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed ink in the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/biden-visits-amazon-rainforest-en-route-g20-summit-2024-11-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/biden-amazon-peru-g20-3cc827382d1e3c32865a14616ddfe467\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-17\/joe-biden-will-be-the-first-sitting-us-president-to-visit-the-amazon?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cbsnews.com\/news\/biden-climate-action-amazon-rainforest\/\" style=\"\" rel=\"noopener\">CBS<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/11\/17\/biden-amazon-global-climate-record-00189950\" style=\"\" rel=\"noopener\">Politico<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE LATEST FROM COPLAND-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>We have a draft text for COP29\u2019s new finance goal: <\/strong>The <a target=\"_blank\" href=\"https:\/\/unfccc.int\/sites\/default\/files\/resource\/UNFCCC_NCQG2023_flyer_web.pdf\" style=\"\" rel=\"noopener\">New Collective Quantified Goal<\/a><a target=\"_blank\" href=\"https:\/\/unfccc.int\/sites\/default\/files\/resource\/UNFCCC_NCQG2023_flyer_web.pdf\" style=\"\" rel=\"noopener\">(NCQG)<\/a> contact group published a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1555.pdf\" style=\"\" rel=\"noopener\">draft text (pdf)<\/a> for its new climate finance goal last week, described as a \u201cworkable basis for discussion\u201d for the three-year technical process, according to a <a target=\"_blank\" href=\"https:\/\/cop29.az\/en\/media-hub\/news\/cop29-co-chairs-publish-draft-text-on-climate-finance-goal-during-third-day-of-conference\" style=\"\" rel=\"noopener\">press release<\/a>. The draft text described the NCQG as \u201cthe sole obligation of developed countries to provide and mobilize climate finance to developing countries.\u201d Several financing options were listed, with prospective financing targets still being an open-ended question.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UN <\/strong><strong>climate chief Simon Stiell has called on G20 leaders to signal \u201c crystal-clear\u201d <\/strong><strong>support for global climate finance efforts at their summit this week,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/un-climate-chief-asks-g20-leaders-boost-finance-talks-lag-2024-11-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday. Stiell emphasized the need for increased grants, loans, and debt relief to help vulnerable countries tackle the impacts of global warming. The plea comes as negotiators at the COP29 conference in Baku struggle to agree on a new annual finance target, with developing countries requiring at least USD 1 tn a year by the end of the decade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Conflict-affected nations demand climate aid be doubled: <\/strong>A coalition of conflict-affected countries has called for more than USD 20 bn in annual climate financing by 2026, citing an urgent need to address the dual crises of natural disasters and security challenges, according to a letter sent last month to the COP Presidency that <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/fragile-countries-make-20-bln-climate-finance-push-cop29-letter-says-2024-11-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> obtained. The coalition \u2014 including Iraq, Somalia, Yemen, Burundi, Chad, Sierra Leone, and Timor-Leste \u2014 has called on other conflict-affected countries to join its effort.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The countries argue that they have limited access to <\/strong><strong>private investment due to perceived risks<\/strong>, making UN funds critical for their populations. A climate disaster in any of these countries usually leaves a more damaging impact than in any other developing nation, the countries argue, calling for explicit commitments in any finance agreement during COP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP29 Presidency <\/strong><strong>response<\/strong><strong>: <\/strong>In collaboration with Egypt, UAE, Italy, the UK, Germany, and Uganda, the COP29 presidency launched the Baku Call on Climate Action for Peace, Relief, and Recovery, an initiative they said aims at addressing the intersection of climate and conflict, according to a Friday <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/cop29.az\/en\/media-hub\/news\/cop29-presidency-launches-baku-call-on-climate-action-for-peace-relief-and-recovery&sa=D&source=docs&ust=1731861689000546&usg=AOvVaw0h0TAq0_bIQ34sOqxRFzme\" style=\"\" rel=\"noopener\">statement<\/a>. It is not clear how much impact the initiative could achieve, but the announcement said it aims to enhance collaboration towards \u201cpeace-sensitive\u201d climate action and ramping up financing for the \u201cmost-climate vulnerable\" nations, including those impacted by conflicts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Island and rainforest nations are<\/strong><strong> also making their case for increased funding at COP29<\/strong>, arguing their roles as frontline defenders against rising seas and carbon sink destruction, the newswire writes. A financing commitment to island nations is expected to be central to any agreement emerging from the talks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NEGOTIATORS ARE DIPPING OUT- France has withdrawn top negotiators from <\/strong><strong>COP29 after strong words from Azerbaijan\u2019s President Ilham Aliyev, <\/strong>the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b06ee7d7-bfd2-4fbf-8867-922d87ca49a0\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Thursday. Aliyev took aim at French President Emmanuel Macron, accusing him of \u201cbrutally\u201d killing citizens during protests in the French island territory New Caledonia. France is a key ally of Armenia, which is in a longstanding conflict with its neighbor Azerbaijan. France no longer has a senior political official in Baku, but a climate ambassador is still attending. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Argentina also withdrew its negotiators on Wednesday as the country<\/strong><strong> mulls over withdrawing from the Paris climate agreement<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/24b994ec-9d69-47df-8c23-efc5762877e9\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DISPUTES ON FOSSIL FUEL PHASEOUT PERSIST- <\/strong><strong>Reaffirming last year's commitment to transition <\/strong><strong>away from fossils at COP29 is still contentious,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-16\/cop29-clash-brews-as-saudis-resist-restating-fossil-fuel-pledge?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Saturday. European and US negotiators are pushing to restate these commitments, but Saudi Arabia is leading the opposition pack, with delaying and blocking maneuvers, people familiar with the closed-door negotiations told Bloomberg. Saudi Arabia characterized COP28\u2019s landmark agreement to transition away from fossil fuels as offering a flexible approach to addressing greenhouse gas emissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>ON THE UPSIDE, CARBON MARKETS GOT A BIG PUSH- <\/strong>The global pipeline of carbon offsets is ramping up in the wake of COP29 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77f5a283-1888-41d5-accc-d36505c39e92\" style=\"\" rel=\"noopener\">carbon market agreements<\/a> negotiators settled on very early on in the summit. Here is a rundown of the offerings we are hearing of: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Brazil\u2019s Tocantins to sell USD 430 mn in carbon offsets by 2030: <\/strong>Brazilian state Tocantins is planning to sell USD 430.16 mn (BRL 2.5 bn) worth of deforestation-linked carbon credits, the government told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/carbon\/brazils-tocantins-state-offer-430-million-carbon-credits-2024-11-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Thursday. The state \u2014 located in central Brazil and including bits of the Amazon \u2014 hopes to sell around 50 mn credits by 2030, each equating to one ton of carbon sequestered by forests and other flora. However, the final value and number are contingent on the state\u2019s success in reversing deforestation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>The state will formally submit the paperwork to validate the credits under the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1554.pdf\" style=\"\" rel=\"noopener\">ART-<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1554.pdf\" style=\"\" rel=\"noopener\">TREES<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1554.pdf\" style=\"\" rel=\"noopener\">credit standard (pdf)<\/a> on Thursday and will formally announce the project at COP29. The coming sale is set to include around 17-18 mn credits for carbon sequestered between 2020 and 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Bolivia targets USD 5 bn carbon credits sale to end deforestation: <\/strong>Bolivia plans to sell USD 5 bn in carbon offset credits to fund efforts to end deforestation by 2030, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/bolivia-sell-5-billion-carbon-credits-stem-rampant-forest-loss-2024-11-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. Sales could begin as early as 2Q 2025, according to <a target=\"_blank\" href=\"https:\/\/www.laconicglobal.com\" style=\"\" rel=\"noopener\">Laconic Infrastructure Partners<\/a>, which is assisting with the sale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong> <strong>Benin makes first moves in carbon markets: <\/strong>The West African nation has a new \u201ccarbon-monetization\u201d strategy including 2.5 mn carbon offsets backed by energy and agricultural projects, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-15\/benin-set-to-tap-global-carbon-markets-for-first-time\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday, citing Benin\u2019s Finance Ministry. The strategy is backed by the World Bank\u2019s green facilities and the Global Center for Adaptation and is set to contribute to the country\u2019s goal of USD 10 bn in climate finance to meet its targets by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND FINALLY-<\/strong> <strong>Russia <\/strong><strong>has called on US President-elect Donald Trump to remain in the Paris <\/strong><strong>Agreement, <\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d8fd9c52-c12b-4909-9d31-6ef0c81250c9\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. Boris Titov, Russian President Vladimir Putin\u2019s special representative, stated that withdrawing from the agreement would be a mistake, advocating instead for making the accord more efficient. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have more in-depth updates from COP29 in the news well, below.<\/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=\"wwtt3\"><\/a> <strong>#1- Masdar eyes KSA for several renewables projects: <\/strong>Renewables giant Masdar is eyeing Saudi Arabia for battery storage, wind, and solar energy projects, COO Abdulaziz Alobaidli told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/green\/60698\/%D9%85%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D8%AA%D8%B7%D9%84%D8%B9-%D8%A5%D9%84%D9%89-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business (watch, runtime: 15:29)<\/a> on the sidelines of CO29 in Azerbaijan. The potential expansion comes as part of Masdar\u2019s plan to meet the anticipated rise in energy needs of data centers, expected to reach 680 GW by 2030, Alobaidli added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar is all set to take part in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5b94628d-1089-488c-8906-f776da690dd5\/aramco-tightens-sukuk-price-guidance#:~:text=%231%2D%20SPPC,Ad%20Darb%20in\" style=\"\" rel=\"noopener\">Saudi Arabia\u2019s sixth round<\/a><\/strong><strong> of the National Renewable <\/strong><strong>Energy Program<\/strong>, Alobaidli said, and intends to submit a bid for an independent battery storage project that the Saudi Power Procurement Company plans to launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar will be on the lookout next year for more acquisitions in Europe and the US<\/strong>, as well as finalizing the acquisition transactions it inked this year, Alobaidi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Masdar is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/92c518e3-e891-48dc-a474-ce8e8e6fa5ce\" style=\"\" rel=\"noopener\">grow \u201cbeyond tenfold\u201d<\/a> in the US over the next three to seven years and wants to reach 100 GW of global energy capacity by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#2- Actis is eyeing a wider regional push in 2025: <\/strong>General Atlantic\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ab899f29-3889-477e-8048-5a55b8046936\/\" style=\"\" rel=\"noopener\">sustainable investment<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ab899f29-3889-477e-8048-5a55b8046936\/\" style=\"\" rel=\"noopener\">arm<\/a> Actis is evaluating investments in power generation, distribution, district cooling, and solar rooftop assets, with at least four transactions expected to close next year, the company\u2019s Chairman and Senior Partner Torbjorn Caesar Torbjorn Caesar told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2024\/11\/17\/actis-seeks-middle-east-investment-deals-amid-renewables-and-hydrogen-push\/\" style=\"\" rel=\"noopener\">The National<\/a>. No further details on the transactions were revealed. The private equity company\u2019s energy fund has a global pipeline valued at USD 33 bn and aims to allocate 20% of it to the Middle East and Eastern Europe, Caesar said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Actis is active in the region: <\/strong>The PE firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ab899f29-3889-477e-8048-5a55b8046936\/general-atlantic-is-buying-actis,-the-backer-of%253cmark%253e-yellow%253c%2Fmark%253e%253cmark%253e-door%253c%2Fmark%253e-and-emicool\" style=\"\" rel=\"noopener\">bought a controlling stake<\/a> in Emirati renewable energy developer Yellow Door Energy, and a 50% stake in district cooling company UAE\u2019s Emicool, in 2022. Earlier in April, a two-party consortium led by the company signed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4a1ec8c3-0eb6-49d1-a92a-3ac403230a2c\/\" style=\"\" rel=\"noopener\">agreement<\/a> with Oman\u2019s Hydrom to develop, build, own, and operate a 200k ton per year green hydrogen facility. Actis is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/922e64aa-10b3-48f3-af01-8f2d2d124fc0\/\" style=\"\" rel=\"noopener\">reportedly in talks<\/a> with the Egyptian government over buying stakes in the 580 MW Gabal El Zeit wind farm and the Zafarana wind farm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- A new mega solar plant from Dewa? <\/strong>Dubai Electricity and Water Authority (Dewa) has issued an advisory service <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1556.pdf\" style=\"\" rel=\"noopener\">tender (pdf)<\/a> for an Independent Power Producer (IPP) project including a 1.6 GW solar PV plant and a 1 GW Battery Energy Storage System (BESS). The deadline for submissions is 17 December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The EU\u2019s deforestation law has been delayed: <\/strong>The European Parliament narrowly voted to postpone the bloc\u2019s deforestation law to December 2025 in order to potentially water down the bill for member countries, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/european-parliament-approves-one-year-delay-eu-anti-deforestation-law-2024-11-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. The move \u2014 championed by the center-right European People's Party with far-right support \u2014 will require more negotiations with EU governments for a final compromise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is different? <\/strong>The initial bill adopted a risk-based approach that classified countries\u2019 deforestation risk as either \u201clow,\u201d \u201cstandard,\u201d or \u201chigh.\u201d The higher the country is placed on the risk grading system, the more stringent the requirements imposed on its producers are. The proposed amendments however will introduce a \u201cno risk\u201d category allowing minimal due diligence for countries in this category. The \u201cno risk\u201d category would be granted to countries \u201cwith stable or increasing forest area development,\u201d the European Parliament said in a <a target=\"_blank\" href=\"https:\/\/www.europarl.europa.eu\/news\/en\/press-room\/20241111IPR25340\/eu-deforestation-law-parliament-wants-to-give-companies-one-more-year-to-comply#:~:text=The%20deforestation%20regulation%2C%20adopted%20by,rubber%2C%20charcoal%20and%20printed%20paper.\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone is happy:<\/strong> Environmental groups criticized the move arguing it sends a negative signal as global climate leaders meet in Azerbaijan. Some campaigners, like Julia Christian from European environmental group <a target=\"_blank\" href=\"https:\/\/www.fern.org\/\" style=\"\" rel=\"noopener\">Fern<\/a>, condemned the changes as \"green protectionism\" that favors EU countries while harming producers outside the EU, potentially excluding small-scale farmers abroad from European markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/01270f97-6a58-4f4f-af2c-d360ec2635d7\/food-and-beverage-companies-crack-down-on-supply-chains-linked-to%253cmark%253e-deforestation%253c%2Fmark%253e-and-saddled-with-high-emissions\" style=\"\" rel=\"noopener\">EU Deforestation Regulation (EUDR)<\/a> \u2014 originally set to take effect in December 2024 \u2014 aims to prevent products contributing to deforestation from reaching European consumers. The law bans the sale of goods linked to deforested lands like coffee, cocoa, soy, and palm, and requires companies to digitally map their supply chains to prove their products did not originate from deforested land. <\/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\/g20\/\">G20<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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                    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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=\"88035\">\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 - AGREEMENTS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/masdar-and-acwa-take-the-lead-on-agreements-at-cop29\/\">\r\n                            Masdar and Acwa take the lead on agreements at COP29                        <\/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 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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/masdar-and-acwa-take-the-lead-on-agreements-at-cop29\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1645.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88036\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/masdar-and-acwa-take-the-lead-on-agreements-at-cop29\/1645-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1645.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1645.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1645.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1645.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88035\" class=\"content-area-description single-story post-88035 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch-agreements tag-acwa-power tag-bess tag-cop-watch-agreements tag-enterpriseclimate tag-green-finance tag-masdar 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\/.0c16e781-8edf-44a4-98fb-26a1821432a2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Major regional players continue to dominate the news cycle coming out <\/strong><strong>of COP29 in terms of agreements<\/strong>, with Masdar and Acwa Power taking the lead on lining up new projects in Central Asia. Here\u2019s a roundup of new signatures at the summit since last week\u2026<\/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\">MASDAR IS ON A ROLL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar to develop 3.5 GW wind projects in Azerbaijan:<\/strong> Masdar, Azerbaijan's Socar, and Saudi Arabia\u2019s Acwa Power signed an MoU to develop 3.5 GW worth of offshore wind projects in Azerbaijan\u2019s Caspian Sea, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-socar-green-and-acwa-power-sign-mou\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The project will establish Azerbaijan\u2019s first offshore wind farms, supporting the country's renewable energy, green hydrogen, and water desalination goals on its path to net-zero emissions by 2050.<\/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>Not its first rodeo in the region<\/strong><strong>:<\/strong> Masdar and Socar broke ground on 1 GW of solar and wind projects earlier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/40238666-ad8b-4746-9e28-e863de2c9a5e\" style=\"\" rel=\"noopener\">in June<\/a>, as part of a broader agreement aiming to install <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/349d9ac2-e114-453b-bccb-580c58f97b7f#:~:text=Masdar%20has%20a,operation%20in%202023.\" style=\"\" rel=\"noopener\">10 GW of clean energy projects<\/a> \u2014 including onshore and offshore wind farms, solar farms and green hydrogen \u2014 in the Central Asian country. The company also inked agreements to develop 1 GW wind farms in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/04b6b070-a78f-4169-b38c-1992346a99df\" style=\"\" rel=\"noopener\">Uzbekistan<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/418cb0e3-79bc-45eb-86a8-4b3a71b29148\" style=\"\" rel=\"noopener\">Kazakhstan<\/a> last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financing is lining up<\/strong><strong>: <\/strong>Masdar and Socar Green \u2014 the renewables subsidiary of Azerbaijan's state-owned oil company Socar \u2014 have secured over USD 600 mn in financing for two solar projects in Azerbaijan, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-and-socar-green-achieve-financial-close-for-760mw-of-solar-projects-in-azerbaijan\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money coming from? <\/strong>The financing is supported by the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), and the Asian Infrastructure Investment Bank (AIIB). The exact breakdown of the contributions is unclear, but we know ADB is contributing a financing package totaling USD 160 mn, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.adb.org\/news\/adb-masdar-sign-deal-build-two-largest-solar-power-plants-azerbaijan\" style=\"\" rel=\"noopener\">statement<\/a> on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER MASDAR UPDATES- The company is moving quickly on its 1 GW wind farm in Kazakhstan, securing <\/strong><strong>a Power Purchase Agreement (PPA) for the project<\/strong> with the Financial Settlement Centre for Renewable Energy Sources Support on Saturday, just a few days after signing the investment agreement, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-signs-power-purchase-agreement-for-its-1gw-wind-farm-in--kazakhstan\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant:<\/strong> Once completed, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/418cb0e3-79bc-45eb-86a8-4b3a71b29148\/masdar-progresses-on-1-gw-kazakh-wind-farm\" style=\"\" rel=\"noopener\">the plant<\/a> is expected to produce enough power for 300k homes and offset two mn tons of emissions annually. The new facility \u2014 located in the Jambyl region in south Kazakhstan \u2014 will feature a 600 MWh battery energy storage system. Construction is set to commence in 1Q 2026.<\/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\">SAUDI IS ALSO MAKING A SPLASH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia forge strategic partnership for renewable <\/strong><strong>energy cooperation:<\/strong> KSA\u2019s Energy Minister Abdulaziz bin Salman signed a joint executive program with his counterparts from Azerbaijan, Kazakhstan, and Uzbekistan to establish a strategic partnership in renewable energy and regional grid interconnection, according to a <a target=\"_blank\" href=\"https:\/\/www.moenergy.gov.sa\/en\/MediaCenter\/News\/Pages\/Saudi-Arabia-signs-renewable-energy-agreements-with-multiple-countries-At-COP29.aspx\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The quadrilateral agreement will focus on enhancing renewables\u2019 integration into the grids, as well as assessing and identifying investment opportunities in regional grid interconnection projects, battery storage systems, and energy efficiency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SEC <\/strong><strong>will boost regional green energy integration:<\/strong> Saudi Electricity Company (SEC) signed an MoU with its national grid companies counterparts in Kazakhstan, Uzbekistan, and Azerbaijan to enhance renewable energy integration and explore possible investment opportunities, according to a <a target=\"_blank\" href=\"https:\/\/www.se.com.sa\/en\/News\/CorporateNews\/ArticleFolder\/2024\/11\/CorporateNews23\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The MoU will particularly focus on assessing the \u201cGreen Corridor\u201d regional interconnection transmission projects that span the Black Sea and Caspian Sea regions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong> comprehensive clean energy framework is coming: <\/strong>The Saudi Energy Minister and Azerbaijan\u2019s Energy Minister also signed a comprehensive energy cooperation roadmap. The agreement outlines key priority projects in renewable energy, carbon capture, clean hydrogen, energy efficiency, supply chain resilience, and trade in petrochemical and refined products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M<\/strong><strong>ajor projects are in play: <\/strong>Acwa Power inked a two-year Implementation Agreement with Uzbekistan\u2019s Ministry of Energy to develop 2 GWh of Battery Energy Storage Systems (BESS) in the country, according to a <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-signs-implementation-agreement-with-the-uzbek-ministry-of-energy-for-2-gwh-battery-energy-storage-systems-capacity-en\/\" style=\"\" rel=\"noopener\">press release<\/a>. Under the agreement, Acwa receives priority for the BESS developments, allowing the company to provide competitive tariffs. The contract may be extended if agreed to by both parties. <\/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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop-watch-agreements\/\">COP WATCH - AGREEMENTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span 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class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"88038\">\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\">COP WATCH - FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/cop29-snaps-up-usd-5-4-bn-in-pledges-usd-2-bn-is-earmarked-for-farming-adaptation\/\">\r\n                            COP29 snaps up USD 5.4 bn in pledges + USD 2 bn is earmarked for farming adaptation                        <\/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\" 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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A big day for climate finance:<\/strong> The COP29 Business, Investment, and Philanthropy Climate Platform (BIPCP) garnered pledges totaling USD 5.4 bn in climate finance last week, according to a <a target=\"_blank\" href=\"https:\/\/cop29.az\/en\/media-hub\/news\/asset-owners-worth-10-trillion-commit-to-climate-action-at-cop29-day-four-finance-investment-and-trade-day\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about the breakdown: <\/strong><\/p>\n<ul>\n<li>The Asian Development Bank (ADB) committed USD 3.5 bn to a new program addressing the impacts of melting glaciers,<\/li>\n<li>Azerbaijan's banking sector pledged USD 1.2 bn for green projects until 2030,<\/li>\n<li>And Sweden said it would contribute USD 730 mn to the UN Green Climate Fund.<\/li>\n<\/ul>\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>There\u2019s <\/strong><strong>more<\/strong><strong>: <\/strong>The CREO Family Office Syndicate (CREO) and the Investor Leadership Network (ILN) \u2014 which alone convene investment players worth more than USD 10 tn in assets \u2014 launched a joint initiative to accelerate private market investments in climate and sustainability, according to a <a target=\"_blank\" href=\"https:\/\/www.creosyndicate.org\/cop29statement\" style=\"\" rel=\"noopener\">statement<\/a>. The collaboration aims to leverage the combined expertise and resources of family offices, pension funds, sovereign wealth funds, endowments, and insurance companies to scale climate finance, particularly in emerging markets. The initiative\u2019s focus will be on <strong>three main<\/strong> <strong>areas<\/strong>: <\/p>\n<ul>\n<li>Developing private market investment data focused on climate to inform decision-making and value-creation<\/li>\n<li>Building models and best practices to enhance climate-focused portfolios<\/li>\n<li>Derisking solutions to increasing private capital deployment<\/li>\n<\/ul>\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>Innovation <\/strong><strong>Package to mobilize up to USD 2 bn for farming adaptation: <\/strong>The Agriculture Innovation Mechanism for Scale (AIM for Scale) has launched an Innovation Package aiming to mobilize over USD 1 bn over the next three years to help farmers adapt to climate change, according to a <a target=\"_blank\" href=\"https:\/\/wmo.int\/media\/update\/global-partnership-channels-more-usd-1-billion-scale-weather-services-hundreds-of-millions-of\" style=\"\" rel=\"noopener\">press release<\/a>. The AIM for Scale Weather Package \u2014 a collaboration between AIM for Scale and the Innovation Commission for Climate Change, Food Security, and Agriculture \u2014 will leverage AI-powered solutions to help forecasting entities generate \u201chigh-quality, farmer-centered forecasts,\u201d the statement said. The goal is to help farmers make more informed decisions, improve resilience, and adapt to weather fluctuations. The World Meteorological Organization will supervise the initiative and assist. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is contributing? <\/strong><\/p>\n<ul>\n<li><strong>ADB <\/strong>will invest around <strong>USD 300<\/strong> mn in weather forecasts for farmers in <strong>Asia and the Pacific <\/strong>from 2025 to 2027, as well as USD 600k for a technical assistance grant to attract investment.<\/li>\n<li><strong>The Inter-American Development Bank will incorporate weather forecasts in its USD 280 mn portfolio<\/strong> of loans over the next three years and has programmed USD 600k of grant resources for AI forecasts in<strong> Latin America and the Caribbean<\/strong>.<\/li>\n<li><strong>The World Bank<\/strong> is investing <strong>USD 1.46 bn<\/strong> in Data, Digital Agriculture, and Innovation, with <strong>USD 591 mn for Africa<\/strong>. <\/li>\n<\/ul>\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>Alterra <\/strong><strong>ropes in Rockefeller support:<\/strong> UAE's Alterra fund, the Global Energy Alliance for People and Planet (GEAPP), and The Rockefeller Foundation signed an MoU to enhance cooperation in climate finance, according to a <a target=\"_blank\" href=\"https:\/\/www.alterra.ae\/news\/alterra-geapp-and-rockefeller-foundation-explore-new-collaboration-to-accelerate-clean-energy-transition-in-the-global-south\" style=\"\" rel=\"noopener\">statement<\/a> last week. The partnership aims to mobilize diverse capital sources \u2014 public, private, and philanthropic \u2014 to support clean energy investments in the Global South, addressing the significant shortfall in climate finance. Alterra \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/71017814-88a9-452e-870e-3bae48d2dd38\" style=\"\" rel=\"noopener\">founded by the UAE in COP28<\/a> with a USD 30 bn pledge \u2014 aims to mobilize USD 250 bn globally by 2030 for climate finance.<\/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>M<\/strong><strong>ajor <\/strong><strong>oil players to support energy access:<\/strong> Oil and gas giants TotalEnergies, BP, Equinor, and Shell pledged USD 500 mn to increase affordable energy access in sub-Saharan Africa and South and Southeast Asia, according to a <a target=\"_blank\" href=\"https:\/\/www.equinor.com\/news\/20241115-increase-access-to-energy\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. The commitment aims to fund \u201chigh impact\u201d projects across the energy value chain, including domestic solar energy systems, micro-electricity grids, e-mobility technologies, and clean cooking solutions, among others. The investment \u2014 representing about 0.7% of the companies' combined USD 70 bn net profit in 2023 \u2014 will be managed by a global private equity firm through tenders, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/totalenergies-bp-equinor-shell-commit-500-mln-boost-energy-access-2024-11-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The announcement did not name the selected firm. <\/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\">ON THE POLICY SIDE OF THINGS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE has launched the Global <\/strong><strong>Energy Efficiency Alliance at COP29 aiming to double global energy efficiency rates by 2030<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b67igxy-uae-launches-global-energy-efficiency-alliance\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Friday. This initiative builds on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dea47c93-5840-490e-b540-d5a18df10b93\/today:-a-new%253cmark%253e-uae%253c%2Fmark%253e-ev-manufacturing-facility-%2B-aramco-ramps-up-decarbonization-efforts\" style=\"\" rel=\"noopener\">UAE Consensus<\/a> from COP28 and seeks to encourage investments in energy efficiency projects, develop supportive policies and technologies, and promote capacity building. A particular focus will be placed on aiding African nations with financing and technological solutions to enhance their energy efficiency capabilities, Sharif Al Olama, the energy undersecretary at UAE\u2019s Ministry of Energy and Infrastructure, told WAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>WGEO <\/strong><strong>+ Palau partner on climate action: <\/strong>The World Green Economy Organisation (WGEO) and the Government of Palau signed an MoU to advance green economy initiatives and climate action, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b68pbwt-wgeo-signs-mou-with-palau-cop29-advance-green\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The partnership focuses on fostering low-carbon solutions and ocean conservation, crucial for Palau as a Small Island Developing State (SIDS).<\/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\/green-finance\/\">green finance<\/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=\"88040\" 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=\"88040\">\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\">RENEWABLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/egypt-inks-mous-for-5-2-gw-of-renewable-energy-projects\/\">\r\n                            Egypt inks MoUs for 5.2 GW of renewable energy projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/egypt-inks-mous-for-5-2-gw-of-renewable-energy-projects\/&title=Egypt inks MoUs for 5.2 GW of renewable energy projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+inks+MoUs+for+5.2+GW+of+renewable+energy+projects+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F18%2Fegypt-inks-mous-for-5-2-gw-of-renewable-energy-projects%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/egypt-inks-mous-for-5-2-gw-of-renewable-energy-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1573.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88041\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/egypt-inks-mous-for-5-2-gw-of-renewable-energy-projects\/1573-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1573.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1573.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1573.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1573.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88040\" class=\"content-area-description single-story post-88040 post type-post status-publish format-standard has-post-thumbnail hentry category-renewables tag-egypt tag-enterpriseclimate tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.64751a8b-ba86-4a09-8186-b3bb70319a37.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt continues its renewables push:<\/strong> The Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority have signed two MoUs with three major energy players to explore clean energy projects with a production capacity of 5.2 GW, including 3.1 GW from wind and 2.1 GW from solar power, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0kg9mnqRbr7SJEUvKJtqfu5KpAbR1r6eyPTDQB7kBH8nprHYehSwfP6F7JDGgnmi3l\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. <\/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>What we know:<\/strong> UAE\u2019s Alcazar Energy will conduct studies for a 2 GW wind power project and a consortium composed of Taqa Arabia and France\u2019s Voltalia will explore a 3.2 GW project mixing wind and solar energy to repower the Zafarana wind farm, whose turbines are approaching the end of their operational life, Voltalia said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1575.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1575.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The MoUs will allow comprehensive environmental and technical feasibility studies including wind speed, solar radiation, bird migration, and topographic studies, the statement notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on Voltalia + Taqa Arabia\u2019s possible project in Zafarana: <\/strong>The two companies said they have developed a preliminary plan for a hybrid renewable energy project on plots 5-8 of the Zafarana wind farm. The project would maximize land use in the plots, with a possible launch date in 2028, Voltalia said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Voltalia is already active in Egypt:<\/strong> A consortium of Taqa Arabia and Voltalia signed a framework agreement to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4678b944-fc3c-4ae9-82b0-98d0ee09c708\/the-egypt-eu-investment-summit-brings-in-a-pile-of-green-hydrogen-agreements\" style=\"\" rel=\"noopener\">USD 3.5 bn green ammonia project<\/a> at Ain Sokhna with the Sovereign Fund of Egypt (SFE) in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And Alcazar has been eyeing projects in Egypt:<\/strong> The company was one of many local and foreign investors <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c94d557b-5116-4d61-af49-6b8ec4ee8e60\/maersk-and-actis-make-progress-on-egyptian-wind-farms-acquisition-bids\" style=\"\" rel=\"noopener\">interested in acquiring stakes<\/a> in Egypt\u2019s 580 MW Gabal El Zeit wind farm and the 545 MW Zafarana wind farm. <\/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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88042\" 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=\"88042\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/\">\r\n                            Green finance and mining updates from Morocco and Algeria                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Green finance and mining updates from Morocco and Algeria&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/&title=Green finance and mining updates from Morocco and Algeria\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Green+finance+and+mining+updates+from+Morocco+and+Algeria+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F18%2Fgreen-finance-and-mining-updates-from-morocco-and-algeria%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88043\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/green-finance-and-mining-updates-from-morocco-and-algeria\/287-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"287.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/287.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88042\" class=\"content-area-description single-story post-88042 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-algeria tag-also-on-our-radar tag-ebrd tag-enterpriseclimate tag-mining tag-morocco wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.85876d54-fcc1-41e0-afda-ded85db21b8b.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">GREEN FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EBRD lends EUR 200 mn for desal in Morocco: <\/strong>The European Bank for Reconstruction and Development (EBRD) will extend a EUR 200 mn loan to Moroccan fertilizer giant OCP Group to build two new desalination plants, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2024\/ebrd-boosts-water-desalination-for-industrial-use-in-morocco.html\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The loans will support the company\u2019s efforts to reduce its water footprint and shift its water-intensive operations towards \u201cnon-conventional\u201d water sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plants: <\/strong>The two seawater desalination plants will be constructed at OCP\u2019s industrial complexes in the cities of El Jadida and Safi, both located in highly water-stressed areas. The plants will have a capacity of around 35 mn m3. <\/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\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Algeria<\/strong><strong> + DCR partner on mining:<\/strong> Algeria and the Democratic Republic of Congo (DRC) have signed a protocol agreement in the fields of geology and mining, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid02MVSrQvqMZcXcvnXbTc3wVBb6jm9bZwaseKX7qAS671AucmcbgHmtdBTDKrLSnYc8l\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The agreement aims to enhance governance in mining, provide training for professionals, and promote sustainable management of mineral resources. The agreement also focuses on digitizing management systems and auditing mineral science laboratories and equipment, with possible joint projects in natural resource exploration, including critical minerals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Masdar utilizes AI to protect birds of prey: <\/strong>UAE\u2019s Masdar will use <a target=\"_blank\" href=\"https:\/\/www.identiflight.com\/\" style=\"\" rel=\"noopener\">IdentiFlight<\/a> technology to send signals to shut down wind turbines at its 500 MW Zarafshan wind farm in Uzbekistan if a bird in the area risks collision with it. 70 towers installed across the farm will monitor both bird species in migration and those endemic to the area. (<a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-harnesses-power-of-ai-to-protect-birds-of-prey-at-zarafshan-wind-farm\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88044\" 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=\"88044\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/18\/chinas-ev-domination-continues-to-grow-despite-trade-barriers\/\">\r\n                            China\u2019s EV domination continues to grow despite trade barriers                        <\/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\/18\/chinas-ev-domination-continues-to-grow-despite-trade-barriers\/\" 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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Chinese-made EVs and hybrid cars account for over 65% of the global market, according to data from the China Passenger Car Association cited by SCMP. The country is also home to 50 battery makers, whose capacity is expected to reach 4.8k GWh, with three-quarters of this capacity set for exports. Worries of overcapacity are cropping up leading to \u201cmore existing production facilities and workers will become redundant,\u201d founder of EV data firm CnEVPost Phate Zhang told SCMP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- China\u2019s EVs are hit by tariffs right and left: <\/strong>In October, the EU decided to move forward with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b843e3c4-0ae2-4edf-96c8-a80fd9d1e27f\/today:-uae%25e2%2580%2599s-taqa-drums-up-green-financing-%2B-oman%25e2%2580%2599s-ffo-details-initial-investments-in-clean-energy\" style=\"\" rel=\"noopener\">Chinese EV tariffs<\/a> of up to 45%. These duties \u2014 set to last for five years starting this coming January \u2014 could cost Chinese carmakers bns who wish to stay in the EU market and are designed to counter what the EU considers unfair subsidies provided to Chinese manufacturers. The US and Canada also imposed 100% tariffs on Chinese EVs.<\/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>IN OTHER CHINA UPDATES- The country<\/strong> <strong>has launched its first GW-level offshore solar power project in <\/strong><strong>Shandong province<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-14\/china-starts-first-gigawatt-sized-offshore-solar-power-project\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week. The open-sea PV plant, located 8 km off the coast of Dongying city, successfully connected to the grid on Wednesday. The 1 GW project \u2014 developed by a unit of China Energy Investment Corp \u2014 is expected to generate nearly 1.8k GWh of power annually and reduce carbon dioxide emissions by more than 1.3 mn tons annually. Other areas, such as Shandong, Jiangsu and Shanghai, also have offshore solar plans, aiming for over 11 GW by 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>The Czech government is planning to retroactively lower subsidies for solar PV <\/strong><strong>installations back to 2009<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f5d55ab9-e343-4bdc-b390-02466221c376\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. The move is sparking concerns among renewables players in the country who vowed to fight back against the move. Three solar developers in Prague \u2014 Voltaic Network, Energy, and Photon Energy \u2014 have threatened legal action against the government under the international Energy Charter Treaty, which was set up to protect investors after the Soviet Union dissolved. Germany\u2019s Voltaic says the subsidy cuts would lead to bankruptcy and \u201cwiping out billions of dollars in investments\u201d for the companies, according to a letter to the European Commission reported by Financial Times.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of EU-wide trend: <\/strong>EU governments are struggling to fund the bloc\u2019s energy transition, with Poland and Germany reconsidering their own renewables subsidies. Italy also limited the rollout of solar panels on farmland as well as heat pump subsidies earlier this year. <\/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>EIB <\/strong><strong>to allocate EUR 500 mn for green tech:<\/strong> The European Investment Bank (EIB) will allocate USD 500 mn in counter-guarantees to support clean-tech companies in Europe, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-14\/eib-to-unveil-500-million-in-bank-guarantees-for-clean-tech?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week. The initiative aims to help these firms compete globally, particularly against rivals in the US and China that benefit from substantial state support. The EIB plans to release the funds in tranches of up to EUR 30 mn starting next year, pending board approval by early 2025, the EIB head of operations Jean-Christophe Laloux said during COP29. This move follows the template of a previous EUR 5 bn pledge to bolster Europe's wind sector, with half of that amount already committed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the initiative: <\/strong>The program aims to support new and smaller companies that often struggle to secure financing guarantees due to capital requirements. Around 15 clean-tech firms, including those providing industrial heat, would benefit from the initiative, Laloux said.<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88046\" 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\/18\/88046\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88046\" class=\"content-area-description single-story post-88046 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>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>Masdar + Acwa make a splash at COP29 | USD 5.4 bn in green finance pledges pour in at the summit | Egypt continues its renewables push<\/p>\n","protected":false},"featured_media":88031,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-88030","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1265ba96-1edd-46c8-b9bb-e8d7b0b77778","teaser":"Masdar + Acwa make a splash at COP29 | USD 5.4 bn in green finance pledges pour in at the summit | Egypt continues its renewables push","photo_url":"https:\/\/ent.news\/2024\/2\/1155.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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