{"id":74728,"date":"2022-11-09T02:12:23","date_gmt":"2022-11-09T02:12:23","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/09\/dp-world-invests-usd-500-mn-to-slash-carbon-emissions\/"},"modified":"2022-11-09T02:12:23","modified_gmt":"2022-11-09T02:12:23","slug":"dp-world-invests-usd-500-mn-to-slash-carbon-emissions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/09\/dp-world-invests-usd-500-mn-to-slash-carbon-emissions\/","title":{"rendered":"DP World invests USD 500 mn to slash carbon emissions"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>UAE-based DP World will invest USD 500 mn to cut carbon emissions by 2027, <\/strong>the cargo and port terminal logistics company <a href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-commits-to-co2-reduction-and-takes-on-the-green-shipping-challenge\/\">announced<\/a> via video message at COP27 on Monday. The company is planning to slash emissions up to 700k tons, a 20% cut from 2021 levels. Other sustainability measures taken will include replacing its diesel-powered fleet with an electric one as well as investing in renewables.<\/p>\n<p><strong>Oman\u2019s SWF eyes stake in Acwa + Hassan Allam Holdings wind farm: <\/strong>Oman\u2019s sovereign wealth fund, the Oman Investment Authority (OIA), signed an MoU with Acwa Power to explore investing in a 10% stake in Acwa Power and Hassan Allam Holdings\u2019 USD 1.5 bn, 1.1 GW wind farm, the company said in a <a href=\"https:\/\/www.acwapower.com\/news\/acwa-power-set-to-explore-bringing-on-oman-investment-authority-as-co-investor-for-11gw-suez-wind-energy-project\/\">statement<\/a>. That amounts to an investment of USD 150 mn by our math.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Omani <strong><a href=\"https:\/\/oq.com\/en\">OQ Group<\/a><\/strong>\u2019s Centralized Utility Company, also known as <strong><a href=\"http:\/\/www.marafiq.om\/\">Marafiq<\/a><\/strong>, inked an MoU with the <strong>German University of Technology in Oman<\/strong> to support research and innovation focusing on renewables, <a href=\"https:\/\/timesofoman.com\/article\/123023-mou-inked-to-support-research-and-innovation-in-renewable-energy-projects\">The Times of Oman<\/a> reports.<\/li>\n<li><strong>Dubai Water and Electricity Authority<\/strong> has appointed <strong>Ernst & Young<\/strong> as a consultant for the <strong>900 MW phase<\/strong> six of the 5k MW <strong>Mohammed bin Rashid Al Maktoum Solar Park<\/strong>, according to <a href=\"https:\/\/wam.ae\/en\/details\/1395303098883\">WAM<\/a>. The project will be operational in phases between 2025 and 2027.<\/li>\n<li>E-mobility companies <strong><a href=\"https:\/\/electromin.com\/\">Electromin<\/a><\/strong> and <strong><a href=\"https:\/\/www.quantron.net\/en\/\">Quantron<\/a><\/strong> established a distribution partnership at Riyadh\u2019s EV Auto Show allowing Electromin to distribute Quantron\u2019s EV light truck in <strong>Saudi Arabia<\/strong>, <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/electromin-and-quantron-expand-their-business-with-a-strategic-long-term-distribution-partnership-in-saudi-arabia-u9356k09\">Zawya<\/a> reports,<\/li>\n<li>KSA\u2019s <strong>NEOM <\/strong>is seeking investors for a <strong>USD 20 bn brine complex <\/strong>to convert brine produced from desalination into industrial materials, <a href=\"https:\/\/www.meed.com\/neom-seeks-investors-for-20bn-brine-complex\">MEED<\/a> reports.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>UAE-based DP World will invest USD 500 mn to cut carbon emissions by 2027, the cargo and port terminal logistics company announced via video message at COP27 on Monday. The company is planning to slash emissions up to 700k tons, a 20% cut from 2021 levels. Other sustainability measures taken will include replacing its diesel-powered [&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":[67],"tags":[66,74,100,72,11,64,92,159,94,876],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74728","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-decarbonization","tag-desalination","tag-dp-world","tag-enterpriseclimate","tag-evs","tag-oman","tag-saudi-arabia","tag-solar","tag-united-arab-emirates","wpautop","entry"],"acf":{"mongo_id":"e8deedbf-3fa4-4005-8377-a7801c53635b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[74713],"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>DP World invests USD 500 mn to slash carbon emissions - 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\/11\/09\/dp-world-invests-usd-500-mn-to-slash-carbon-emissions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DP World invests USD 500 mn to slash carbon emissions\" \/>\n<meta property=\"og:description\" content=\"UAE-based DP World will invest USD 500 mn to cut carbon emissions by 2027, the cargo and port terminal logistics company announced via video message at COP27 on Monday. 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