{"id":74400,"date":"2022-10-19T02:01:34","date_gmt":"2022-10-19T02:01:34","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/"},"modified":"2022-10-19T02:01:34","modified_gmt":"2022-10-19T02:01:34","slug":"today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/","title":{"rendered":"TODAY: Egypt passes bill that includes cleaner cars + Is Stellantis walking back on its strong green record?"},"content":{"rendered":"<p><strong>Good morning, wonderful people. <\/strong>We take back what we said yesterday about the news drought \u2014 we have a big issue this morning packed with regional green news, so let\u2019s jump right into it.<\/p>\n<p><strong>THE BIG CLIMATE STORY in our corner of the world has to be hydrogen<\/strong> as backers of the emerging technology position it as part of the solution to our energy transition:<\/p>\n<ul>\n<li><strong>Blue hydrogen appears to have taken a lead in the GCC<\/strong> (however temporary?) over green hydrogen agreements;<\/li>\n<li><strong>Egypt looks set to unveil new framework agreements for green hydrogen <\/strong>projects during COP27, building in momentum it established with MoUs in the past months.\/<\/li>\n<\/ul>\n<p><strong>AND- There\u2019s news this morning of yet another GCC investment in a green asset in the <\/strong><strong>west<\/strong> as Wafra takes a majority stake in US solar producer Mission Clean Energy.<\/p>\n<p><strong>PLUS- Qatar has inaugurated the 800 MW Al Kharsaah solar plant. <\/strong>Built at a cost of QAR 1.7 bn (USD 470 mn), the plant is expected to meet 10% of the country\u2019s peak electricity demand.<\/p>\n<p><strong>^^ We\u2019ve got chapter and verse on those stories <\/strong>and more in the news well, below.<\/p>\n<p>***<br \/>\n <a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong><a href=\"https:\/\/www.surveymonkey.com\/r\/9VF6H6Y\">Take our EV survey<\/a><\/strong><strong>:<\/strong> Are you an ex-petrolhead shopping around for your first electric vehicle? EV-curious and wondering what all the fuss is about? Or are you not ready to say goodbye to that sweet smell of benzene as you wait at the gas station?<\/p>\n<p><strong>We want to hear from you:<\/strong> We\u2019re taking the pulse on how the region feels about MENA\u2019s EV transition. Take a few minutes to fill out <a href=\"https:\/\/www.surveymonkey.com\/r\/9VF6H6Y\">our short survey<\/a>. We\u2019ll be back with the results in a couple of weeks<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>COUNTDOWN TO COP (18 days to go)-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>We\u2019re seeing an increase in environmental awareness stunts pre-COP27.<\/strong> UN \u201cPatron of the Oceans\u201d (we\u2019re not kidding \u2014 that the name of the gig) <a href=\"https:\/\/www.unep.org\/people\/lewis-pugh\">Lewis Pugh<\/a> is swimming across the Red Sea to highlight its endangered coral reefs before COP27. Pugh started his 160 km swim from Saudi Arabia to Egypt\u2019s Hurghada on 11 October and is expected to arrive in a week. In a <a href=\"https:\/\/bit.ly\/3S9vHFd\">tweet<\/a>, Pugh called upon world leaders to take bold action at COP27 as coral reefs are being destroyed by warming oceans.<\/p>\n<p><strong>And then there\u2019s the cyclists: <\/strong>In a bit to draw attention to the problem of litter, Yusef Ahmed, Galal Zekri, retired ambassador Mohamed Elewa, and Wolfgang Hohmann will be pedaling 655 km from Cairo to Sharm El Sheikh. German Ambassador to Cairo Frank Hartmann <a href=\"https:\/\/www.facebook.com\/german.embassy.cairo\/posts\/pfbid0ypSzBoPsCtyPzAt9dJ2H6KsGFsj9vct3ppwQQkz82aACbSNhavQz47Rk22QgWtBDl\">met some of the cyclists<\/a> before they set out on 14 October, an embassy statement <a href=\"https:\/\/www.facebook.com\/german.embassy.cairo\/posts\/pfbid0ypSzBoPsCtyPzAt9dJ2H6KsGFsj9vct3ppwQQkz82aACbSNhavQz47Rk22QgWtBDl\">notes<\/a>.<\/p>\n<p><strong>^^ Publicity bids or not, both are a hell of a lot more constructive than the <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7fb1eb86-db6a-4697-85aa-a9d2b87238f3\">bozos gluing themselves to works of art<\/a><\/strong> across Europe to draw attention to climate.<\/p>\n<p><strong>WORTH READING-<\/strong> <strong>Egypt may be gearing up for COP27, but the conference doesn\u2019t <\/strong><strong>register<\/strong><strong> with the informal garbage collectors known as the zabbaleen, <\/strong>who recycle over 85% the waste produced in Cairo, the National <a href=\"https:\/\/www.thenationalnews.com\/mena\/2022\/10\/18\/cairos-garbage-city-continues-its-recycling-operations-unaware-of-cop27\/\">reported yesterday<\/a>. Very few inhabitants of \u201cGarbage City\u201d \u2014 where collecting and recycling rubbish is a thriving economy \u2014 are aware COP27 is even taking place, it found.<\/p>\n<p><strong>We\u2019ve already seen the Zabbaleen reluctant to integrate into Egypt\u2019s government-led <\/strong><strong>green initiatives. <\/strong>After the ratification of Egypt\u2019s new Waste Management Act <a href=\"https:\/\/enterprise.press\/stories\/2020\/10\/18\/el-sisi-ratifies-egypts-waste-management-law-23377\/\">in October 2020<\/a>, the government started <a href=\"https:\/\/enterprise.press\/stories\/2021\/05\/20\/zabaleen-are-getting-new-competition-in-cairo-41245\/\">securing contracts<\/a> with the private sector to collect, treat, recycle and dispose of waste \u2014 with plans to integrate the zabbaleen into the system as employees of private sector contractors. But some in the zabbaleen community are resisting thepush to \u201cformalize an informal sector,\u201d we reported <a href=\"https:\/\/enterprise.press\/greeneconomys\/room-zabbaleen-egypts-new-waste-management-system\/\">last July<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- BlackRock is setting up a unit to <\/strong><strong>invest in the green <\/strong><strong>transition<\/strong>, Reuters <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/blackrock-creates-transition-capital-unit-tap-climate-opportunities-memo-2022-10-17\/#:~:text=LONDON%2C%20Oct%2017%20(Reuters),staff%20seen%20by%20Reuters%20showed.\">reported<\/a> on Monday, citing a company memo. The USD 8 tn asset manager\u2019s Transition Capital will apparently work with portfolio managers and BlackRock\u2019s capital markets team to target green transition projects. Headed by McKinsey\u2019s former head of sustainability, the team will develop funds and new investment strategies and expand BlackRock\u2019s research in clean energy transition tech.<\/p>\n<p><strong>REMEMBER- BlackRock boss Larry Fink has better things to do than atten COP27<\/strong>, as <a href=\"https:\/\/climate.enterprise.press\/issues\/2022\/10\/13\/ceos-blackrock-citi-standard-chartered-better-things-attend-cop27\/\">we<\/a><a href=\"https:\/\/climate.enterprise.press\/issues\/2022\/10\/13\/ceos-blackrock-citi-standard-chartered-better-things-attend-cop27\/\">noted<\/a> last week.<\/p>\n<p><strong>ALSO- Is Stellantis walking back on its green record? <\/strong>Stellantis CEO wants to renegotiate the EU\u2019s proposed 2035 ban on fossil fuels cars, the company\u2019s chief executive Carlos Tavares said at a news conference on the sidelines of the Paris Motor Show on Monday, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/stellantis-ceo-calls-talks-soften-eus-2035-fossil-fuel-car-ban-2022-10-17\/#:~:text=PARIS%2C%20Oct%2017%20(Reuters),Carlos%20Tavares%20said%20on%20Monday.\">Reuters<\/a> writes. Earlier this year, the EU effectively <a href=\"https:\/\/climate.ec.europa.eu\/eu-action\/european-green-deal\/delivering-european-green-deal\/co2-emission-performance-standards-cars-and-vans_en\">banned<\/a> the sale of new fossil fuel vehicles \u2014 including hybrids \u2014 from 2035.<\/p>\n<p><strong>Why? Switching to EVs is expensive for consumers\u2026 <\/strong>Tavares cited unmanageable \u201csocial consequences\u201d to the decision to ban combustion vehicles, claiming that a forced transition to EVs will make car ownership unaffordable for many people, proposing that hybrids be given a role in the transition to zero-emissions vehicles.<\/p>\n<p><strong>Sending mixed messages: <\/strong>Tavares also reiterated the company\u2019s commitment to carbon neutrality by 2038, according to a Stellantis <a href=\"https:\/\/www.media.stellantis.com\/em-en\/corporate-communications\/press\/stellantis-energizes-paris-motor-show-with-electrified-portfolio-taking-center-stage\">statement<\/a>. Earlier this month, Stellantis and Siemens <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9058e4fc-827c-451d-bc6a-c1130b751aa2\">announced a partnership<\/a> to upscale EV last mile delivery infrastructure in MENA and last year, it began <a href=\"https:\/\/www.afrik21.africa\/en\/morocco-stellantis-to-produce-its-new-electric-car-at-the-kenitra-plant\/\">producing<\/a> EVs at its Kenitra plant in Morocco.<\/p>\n<p><strong>CLIMATE DIPLOMACY- Saudi is looking at renewable energy investments in South Africa. <\/strong>Crown Prince Mohamed Bin Salman and South African President Cyril Ramaphosa inked agreements and MoUs worth more than USD 15 bn during the latter\u2019s visit to Jeddah earlier this week, the countries said in a <a href=\"https:\/\/bit.ly\/3g5DWVm\">joint statement<\/a> this week. While the statement does not mention the areas involved in the agreements, the pair did discuss cooperation in solar, wind and atomic energy. Saudi renewable energy powerhouse ACWA Power had <a href=\"https:\/\/bit.ly\/3ghIw2Q\">announced<\/a> it was eyeing investments worth at least USD 10 bn in South Africa\u2019s renewables sector in the coming five years.<\/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\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/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 href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<br \/>\n <strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential regional publication for senior execs who care about the world\u2019s most important industry. <\/strong>Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.<\/p>\n<p><strong>Enterprise Climate is published at 4am CLT \/ 5am Riyadh \/ 6am UAE Monday through Thursday by Enterprise<\/strong>, the folks who bring you Enterprise Egypt, your essential 6am and 3pm read on business, finance, policy and economy in Egypt and emerging markets.<\/p>\n<p><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">Subscribe to Enterprise Climate here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p>The <strong><a href=\"https:\/\/era.dz\/\">International Exhibition of Renewable Energies Clean Energies and Sustainable<\/a><\/strong><strong><a href=\"https:\/\/era.dz\/\">Development<\/a><\/strong> will run from <strong>24-26 October<\/strong> in Oran, <strong>Algeria<\/strong>. The event will focus on the role of startups in the green transition and the bankability of renewable energy projects.<\/p>\n<p><strong><a href=\"https:\/\/www.adipec.com\/\">ADIPEC<\/a><\/strong><strong> will run from 31 October to 1 November in Abu Dhabi, UAE. <\/strong>Some 40 ministers from around the world, including eight from MENA, will attend the event. Those include energy and oil ministers from the UAE, Kuwait, Bahrain and Egypt. Discussions will partly focus on the transition toward carbon neutrality, a statement picked up by Zawya <a href=\"http:\/\/zawya.com\/en\/press-release\/events-and-conferences\/over-40-global-ministers-to-speak-at-adipec-2022-e19ujpnf\">details<\/a>. You can register as an exhibitor <a href=\"https:\/\/www.adipec.com\/exhibition\/book-a-stand\/?utm_source=media-partner&utm_medium=email&utm_term=&utm_content=visitor-pass&utm_campaign=media-partner&actioncode=\">here<\/a>, and as an attendee <a href=\"https:\/\/www.adipec.com\/visit\/registration\/?utm_source=media-partner&utm_medium=email&utm_term=&utm_content=visitor-pass&utm_campaign=media-partner&actioncode=\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people. We take back what we said yesterday about the news drought \u2014 we have a big issue this morning packed with regional green news, so let\u2019s jump right into it. THE BIG CLIMATE STORY in our corner of the world has to be hydrogen as backers of the emerging technology position [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44],"tags":[1082,255,1081,1083,11,305,1079,88,159,1080,94,622,136,43,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74400","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-awareness","tag-carbon-offsetting","tag-cooperation","tag-cop-27","tag-enterpriseclimate","tag-recycling","tag-red-sea","tag-renewables","tag-saudi-arabia","tag-sharm-el-sheikh","tag-solar","tag-south-africa","tag-waste-management","tag-what-were-tracking-today","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"d239c781-18ec-4005-8325-5f9b4c53acc8","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[74398],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TODAY: Egypt passes bill that includes cleaner cars + Is Stellantis walking back on its strong green record? - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Egypt passes bill that includes cleaner cars + Is Stellantis walking back on its strong green record?\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. We take back what we said yesterday about the news drought \u2014 we have a big issue this morning packed with regional green news, so let\u2019s jump right into it. 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We take back what we said yesterday about the news drought \u2014 we have a big issue this morning packed with regional green news, so let\u2019s jump right into it. THE BIG CLIMATE STORY in our corner of the world has to be hydrogen as backers of the emerging technology position [&hellip;]","og_url":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/","og_site_name":"Climate","article_published_time":"2022-10-19T02:01:34+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TODAY: Egypt passes bill that includes cleaner cars + Is Stellantis walking back on its strong green record?","datePublished":"2022-10-19T02:01:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/"},"wordCount":1261,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"keywords":["awareness","carbon offsetting","cooperation","COP 27","EnterpriseClimate","recycling","Red Sea","renewables","Saudi Arabia","Sharm El Sheikh","SOLAR","South Africa","waste management","WHAT WE\u2019RE TRACKING TODAY","Wind Energy"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/","url":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/today-egypt-passes-bill-that-includes-cleaner-cars-is-stellantis-walking-back-on-its-strong-green-record\/","name":"TODAY: Egypt passes bill that includes cleaner cars + Is Stellantis walking back on its strong green record? 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