{"id":76097,"date":"2023-02-20T02:00:05","date_gmt":"2023-02-20T02:00:05","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/02\/20\/today-one-of-moroccos-key-silver-mines-is-set-to-be-powered-by-renewable-energy\/"},"modified":"2023-02-20T02:00:05","modified_gmt":"2023-02-20T02:00:05","slug":"today-one-of-moroccos-key-silver-mines-is-set-to-be-powered-by-renewable-energy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/02\/20\/today-one-of-moroccos-key-silver-mines-is-set-to-be-powered-by-renewable-energy\/","title":{"rendered":"TODAY: One of Morocco\u2019s key silver mines is set to be powered by renewable energy"},"content":{"rendered":"

Good morning, wonderful people.<\/strong> We have a light issue to ease you into the beginning of a new week.<\/p>\n

Two of the bigger stories this morning come to us from Morocco<\/strong>, where one of the country\u2019s largest silver mines just signed a 20-year agreement to purchase renewable energy, and the EBRD is helping a major packaging company transition to more environmentally-friendly plastics.<\/p>\n

Elsewhere, a number of oil and gas companies used last week\u2019s Egypt Petroleum Show <\/strong>(EGYPS) to emphasize their green credentials<\/strong>, announcing several new decarbonization initiatives including a potential carbon capture and storage project between Shell Egypt and Energean.<\/p>\n

^^ All that and more in the news well below.<\/strong><\/p>\n

ICYMI \u2014 Egypt is getting serious about EVs: <\/strong>The Egyptian cabinet has launched a fund that will offer incentives for greener vehicle production to help develop the domestic production of environmentally friendly cars, EnterpriseAM<\/a> reported. The Environmentally Friendly Car Production Fund is one of three bodies green-lit last Wednesday to help deliver the government\u2019s long-awaited automotive strategy. The other two organizations will also work to facilitate the integration of EVs in Egypt\u2019s automotive sector, cabinet said.<\/p>\n

THE BIG CLIMATE STORY OUTSIDE THE REGION<\/strong>-<\/p>\n

US rail operator remains under fire for Ohio crash that caused major toxic chemical spill: <\/strong>Norfolk Southern, the operator of a cargo train that derailed two weeks ago in Ohio\u2019s East Palestine, is drawing criticism for having caused \u201ca major environmental and health crisis.\u201d The crash released a host of hazardous chemicals, causing residents to fear for the safety of their air and water. Eight lawsuits have been filed against Norfolk Southern accusing the company of causing the accident through negligence and of using a cheap, unsafe method to clean up the spill. Some 3.5k fish in nearby streams were killed, and mass evacuations and shelter-in-place orders issued in the aftermath of the accident. It is believed thousands of people have been exposed to long term health risks.<\/p>\n

The Environmental Protection Agency (EPA) is also stoking mistrust: <\/strong>Though the EPA \u2014 which is involved in the crash response \u2014 has assured residents that Ohio\u2019s air and water are safe, important information is still lacking about the degree of exposure citizens may have to hazardous chemicals. \u201cWhat's really missing is information about how people come into contact with these chemicals in the air, drinking water or through soil,\u201d Johns Hopkins environmental health professor Keeve Nachman told the BBC. Meanwhile, consumer advocate Erin Brockovich (yes, she of the film<\/a>) has urged residents of East Palestine not to trust the EPA\u2019s assurances and to leave the area if they feel unsafe.<\/p>\n

The story is attracting widespread coverage in the international press: <\/strong>AP<\/a> | Reuters<\/a> | Washington Post<\/a> | BBC<\/a> | Time<\/a>.<\/p>\n

\n

<\/a> WATCH THIS SPACE #1- 2023 will be a \u201cbreakout year\u201d for General Motors\u2019 <\/strong>electric vehicles division<\/strong>, CEO Mary Barra tells Bloomberg<\/a>. The American automaker intends to surpass rival Ford and close in on Tesla in the EV race, and generate USD 50 bn in revenues from EVs by the middle of the decade. Bank of America forecasts the company to produce 1 mn vehicles by 2025. GM\u2019s advantage comes from previous investments in an Ohio battery plant operated by Ultium Cells<\/a> \u2014 a USD 2.3 bn JV<\/a> between General Motors and LC Energy Solution \u2014 which is increasing battery production by 20% quarterly.<\/p>\n

GM\u2019s EVs are coming to MENA: <\/strong>In January, General Motors announced<\/a> that its first-ever electric hybrid Corvette E-Ray would be available in MENA by 4Q 2023, with plans to roll out electric versions of the Blazer<\/a>, Equinox<\/a> and Silverado<\/a> in 2023 as well. GM also has plans<\/a> to launch its first EV in Saudi Arabia in 1H 2023 last year. In December, GM and Al Mansour Automotive announced<\/a> plans to roll out Cadillac\u2019s all-electric mid-size luxury SUV Lyriq, as well as five other Cadillac EVs, in Egypt by the end of 2023. Al Mansour Auto also said it is finalizing feasibility studies to begin assembling the electric vehicles in Egypt.<\/p>\n

\n

WATCH THIS SPACE #2- Electric vehicle maker Tesla is reportedly eyeing a takeover of <\/strong>Canada-based battery metals miner Sigma Lithium<\/strong>, according to Bloomberg<\/a>, citing people with knowledge of the matter. Tesla CEO Elon Musk is reportedly mulling a bid on Sigma \u2014 one of \u201cmultiple mining options\u201d Tesla is looking at. Sigma\u2019s US-listed shares rose 21%<\/a> in extended trading on Friday, following the Bloomberg report \u2014 on which neither Sigma, Musk nor Tesla has officially commented.<\/p>\n

It\u2019s part of a broader push from automakers to secure a supply of core metals needed for <\/strong>EV batteries<\/strong>, Bloomberg notes. GM is said to be competing for part of Brazilian mining company Vale SA\u2019s base metals unit. Lithium demand and cost are set to continue<\/a> skyrocketing, given its role as a key battery metal.<\/p>\n

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CLIMATE DIPLOMACY- Egypt + Uzbekistan to collaborate on renewables?<\/strong> Egypt\u2019s Electricity and Renewable Energy Minister Mohamed Shaker met with First Deputy Energy Minister Azim Akhmedkhadjaev to discuss cooperation on electricity and renewable energy projects, according to a ministry statement<\/a>.<\/p>\n

UAE + Azerbaijan could do likewise:<\/strong> UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum met with Azerbaijani Prime Minister Ali Asadov to discuss increasing collaboration on green economy and renewable energy, according to a statement<\/a> released last week.<\/p>\n

The GCC has been eyeing a greater presence in the country: <\/strong>UAE renewables developer Masdar expanded its operations in Azerbaijan<\/a> earlier this month and KSA\u2019s Acwa Power inked a cooperation agreement for a 1.5 GW wind project<\/a>.<\/p>\n

\n

COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n

enterprise<\/p>\n

We\u2019re excited to unveil our next C-level event in Cairo: <\/strong>The Enterprise Exports & FDI Forum, where we will take a deep dive into two of the most critical topics affecting our community.<\/p>\n

Interested to learn more about how Egypt is planning on drumming up foreign direct investment (FDI) for all these green hydrogen, solar and wind agreements? <\/strong>Exports and FDI have never been more important to Egypt\u2019s economy \u2014 or its businesses \u2014 than in the wake of the float of the EGP and the country\u2019s positioning as a regional renewable energy hub. We think there\u2019s a unique chance to build an export-led economy<\/a> that makes Egypt a magnet for FDI and all the benefits that will come with it.<\/p>\n

Want to join the conversation?<\/strong> Drop us a line on events@enterprisemea.com<\/a>.<\/p>\n

CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

The UAE will host the <\/strong>World Environment, Social and Governance Summit<\/a><\/strong> from next Tuesday, <\/strong>21 February to Thursday, 23 February <\/strong>in Dubai. The summit will host discussions on reducing carbon emissions and the urgency to incorporate ESG. Stakeholders from various fields will address the financial and strategic implementation of ESG.<\/p>\n

The UAE will host the <\/strong>Annual Gulf Ins. Forum<\/a><\/strong> from Monday, 27 February to <\/strong>Tuesday, 28 February<\/strong> in Dubai. The event will host panel discussions on sustainable ins. for ESG, the role of Gulf ins. companies in securing renewables, the future of ins. for Autonomous Vehicles (AVs), ins. solutions to address climate change and environmental pollution, and the banking sector\u2019s experience in issuing green and sustainability bonds. You can register for the event here<\/a><\/strong>.<\/p>\n

Qatar will host the <\/strong>International Conference on Climate Change and Human Rights<\/a><\/strong> from Tuesday, 21 February to Wednesday, 22 February <\/strong>in Doha. The conference will gather over 300 participants from governments, think tanks, universities, and human rights institutions to discuss and present climate mitigation and adaptation policies from a human rights perspective.<\/p>\n

Egypt will host the <\/strong>CSR Forum<\/a><\/strong> from 2-5 March<\/strong> at Somabay, Hurghada. The event aims to further discussions put forth during COP27 and boost private and public sector cooperation on climate action. You can register for the event here<\/a><\/strong>.<\/p>\n

The <\/strong>Arabia CSR Awards<\/a><\/strong> is accepting applications until Friday, 30 June.<\/strong> The awardwinners will be announced during a ceremony on Wednesday, 4 October.<\/p>\n

The first <\/strong>MENA Solar Conference<\/a><\/strong> is accepting applications from published<\/strong> researchers specialized in PV technology until Sunday, 30 April.<\/strong> The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers here<\/a>.<\/p>\n

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":"

Good morning, wonderful people. We have a light issue to ease you into the beginning of a new week. Two of the bigger stories this morning come to us from Morocco, where one of the country\u2019s largest silver mines just signed a 20-year agreement to purchase renewable energy, and the EBRD is helping a major […]<\/p>\n","protected":false},"author":1,"featured_media":76098,"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":[40,11,64,230,88,52,43],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-egypt","tag-enterpriseclimate","tag-evs","tag-gcc","tag-renewables","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c992fd5d-902b-4778-9d27-69b3ee2a55bb","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/2\/691.jpg","photo_position":"above","related_issue":[76095],"teaser":"","voice_url":""},"yoast_head":"\nTODAY: One of Morocco\u2019s key silver mines is set to be powered by renewable energy - 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\/2023\/02\/20\/today-one-of-moroccos-key-silver-mines-is-set-to-be-powered-by-renewable-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: One of Morocco\u2019s key silver mines is set to be powered by renewable energy\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. 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