{"id":76926,"date":"2023-04-11T02:01:19","date_gmt":"2023-04-11T02:01:19","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/11\/today-empowers-aed-193-mn-dubailand-district-cooling-facility-is-operational\/"},"modified":"2023-04-11T02:01:19","modified_gmt":"2023-04-11T02:01:19","slug":"today-empowers-aed-193-mn-dubailand-district-cooling-facility-is-operational","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/11\/today-empowers-aed-193-mn-dubailand-district-cooling-facility-is-operational\/","title":{"rendered":"TODAY: Empower\u2019s AED 193 mn Dubailand district cooling facility is operational"},"content":{"rendered":"<p><strong>Good morning, ladies and gents. <\/strong>We\u2019re experiencing the first day of that Ramadan news slowdown we\u2019ve been bracing for since the Holy Month kicked off, but there are still a few climate updates from around the world to dig into.<\/p>\n<p><strong>OUR TOP CLIMATE STORY- <\/strong>UAE\u2019s Empower launched commercial operations for its district cooling plant in the UAE\u2019s Dubailand which will produce some 47k refrigeration tons annually. <strong>We have the details on this story and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- IMF + World Bank Spring Meetings hit<\/strong><strong> on climate, sustainability on day one:<\/strong> Governments, multilateral organizations, and the private sector all need to contribute to unlocking the USD tns needed to work towards net zero targets and adapt to the existing effects of global warming, IMF Managing Director Kristalina Georgieva said at a panel titled Scaling Up Resilience and Sustainability Financing, according to a <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2023\/04\/10\/sp041023-md-iff-bwc-paulson-institute-panel-scaling-up-resilience-and-sustainability-financing\">readout of her remarks<\/a>. Governments \u201cmust adopt transformative climate policies and implement regulatory and institutional reforms to help create a conducive environment for private climate finance,\u201d Georgieva said, noting that emerging and developing countries cannot shoulder the burden alone.<\/p>\n<p><strong>Climate-related discussions and workshops happening on day two:<\/strong><\/p>\n<ul>\n<li>Big Data Meets Whale Conservation: A Nature-based Solution for Climate Change (9:30am EDT)<\/li>\n<li>Climate Innovation Challenge Workshop: Monitoring Disaster-Related Trade Disruptions from Space (10am EDT)<\/li>\n<li>Country Climate And Development Reports: How CCDRs are Helping Shape Climate Action Around the World (10:30am EDT)<\/li>\n<li>Scaling-up Climate Finance in Times of Debt Crisis (11am EDT)<\/li>\n<li>Climate Innovation Challenge Workshop: A Machine Learning-Based Toolbox for Climate Policy Analysis (11am EDT)<\/li>\n<li>Climate Finance and Energy Security (12:30pm EDT)<\/li>\n<li>The World Emissions Clock: Fighting Climate Change with Data (3:30pm EDT)<\/li>\n<\/ul>\n<p><strong>You can check out the <\/strong><strong><a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring\/schedule\">full schedule<\/a><\/strong><a href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/spring\/schedule\">for the meetings here.<\/a><\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>WATCH THIS SPACE #1- Mitsui and Kobe Steel will set up shop in Oman for low-carbon iron <\/strong><strong>metallics project:<\/strong> Japan\u2019s Mitsui & Co and leading steel manufacturer Kobe Steel signed an agreement with Oman\u2019s Public Authority for Special Economic Zones and FreeZones (OPAZ) to develop a low-carbon iron metallics project in Duqm, according to a <a href=\"https:\/\/www.mitsui.com\/jp\/en\/topics\/2023\/1246318_13949.html\">statement<\/a>. The plant is expected to produce five mn tons of direct reduced iron (DRI) through the Midrex ironmaking process, which uses hydrogen-rich reformed gas made from natgas to bring CO2 emission levels lower than the conventional blast furnace route, the statement notes. The plant will use other decarbonization measures such as replacement of natural gas with hydrogen and carbon capture, utilization and storage (CCUS) methods. Production of the low CO2 iron metallics is expected to commence by 2027, with products exported to Asia and other global markets including Europe. A land reservation agreement was signed between Mitsui and Kobe Steel and the port\u2019s operator Port of Duqm Company, the statement notes.<\/p>\n<p><strong>WATCH THIS SPACE #2- China\u2019s GCL Technology scouts locations for first polysilicon factory abroad:<\/strong> GCL Technology, the world\u2019s second-largest manufacturer of <a href=\"https:\/\/viewpoint.bnpparibas-am.com\/what-you-need-to-know-about-polysilicon-and-its-role-in-solar-modules\/#:~:text=Polysilicon%2C%20a%20high%2Dpurity%20form,solar%20cells%20and%20solar%20modules.\">polysilicon<\/a> \u2014 a key component in PV cell manufacturing \u2014 is planning to build its first factory outside of China to tap into higher sale prices overseas, CEO Lan Tianshi tells <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-10\/chinese-solar-maker-says-us-may-be-too-pricey-for-expansion?utm_source=website&utm_medium=share&utm_campaign=copy\">Bloomberg<\/a>. GCL plans to build the factory through a JV with a local industry leader, and will likely disclose the new factory\u2019s location by the end of the year. GCL has been eyeing Europe, MENA, and BRICS countries, Tianshi said.<\/p>\n<p><strong>The US is out due to its high production costs: <\/strong>Building a factory in the US is \u201cstill at least five times more expensive than in China, and construction times are bogged down by regulatory requirements,\u201d Tianshi said, despite the country\u2019s subsidy roll out plans under the Inflation Reduction Act (IRA). Three other top Chinese solar equipment makers, however, have opted to open factories in the US to have access to American consumers and take advantage of the IRA\u2019s USD 374 bn in climate-related spending, Bloomberg writes.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WORTH READING-<\/strong> <strong>An inside story on climate change policy:<\/strong> Simon Sharpe\u2019s <a href=\"https:\/\/www.amazon.com\/Five-Times-Faster-Rethinking-Economics\/dp\/100932649X#:~:text=Five%20Times%20Faster%20is%20an,fighting%20for%20the%20other%20side.\">Five<\/a><a href=\"https:\/\/www.amazon.com\/Five-Times-Faster-Rethinking-Economics\/dp\/100932649X#:~:text=Five%20Times%20Faster%20is%20an,fighting%20for%20the%20other%20side.\">Times Faster<\/a> is an eye-opening book on how the world\u2019s scientific, economic, and diplomatic strategies are failing us in the fight against climate change. Drawing from his experience as director of economics for the UNFCCC Climate Champions, Sharpe provides an analysis of the main obstacles hindering the world\u2019s fight against climate change, demonstrating the necessity of acting five times faster than we are today.<\/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 MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday at 4am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge 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.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n<p class='web-image' ><a href='https:\/\/exportsfdi.enterprise.press\/registration.html'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/708.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking place on Monday, 15 May at Four Seasons, Nile Plaza in Cairo. <\/strong>The Enterprise Exports & FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help Egypt build an export-led economy that makes it a magnet for foreign direct investment (FDI).<\/p>\n<p><strong>What\u2019s the Enterprise Exports & FDI Forum?<\/strong> In the wake of successive floats of EGP, exports and FDI have never been more important to Egypt\u2019s economy \u2014 or its businesses. We\u2019re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers, and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what Egypt as a country can do to draw foreign investment and much-needed FX. Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories. <a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#aboutSection\">You can learn more on our conference website here<\/a>.<\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/strong>If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please fill out the form <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">here<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n<p><strong>WANT TO BECOME A COMMERCIAL PARTNER? <\/strong>Ping a note to <a href=\"mailto: mtaalab@inktankir.com\">Moustafa, our head of commercial, here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Japan will host The G7 Ministers\u2019 <\/strong><strong><a href=\"https:\/\/sdg.iisd.org\/events\/g7-ministers-meeting-on-climate-energy-and-environment-2023\/\">Meeting on Climate, Energy, and Environment<\/a><\/strong> <strong>on Saturday, 15 April <\/strong>in Sapporo. The two-day event will see cabinet members from G7 member states discuss solutions for the global power crunch triggered by the Russia-Ukraine war, explore pathways to transition the global economy toward 100% clean energy, further negotiations on the <a href=\"https:\/\/www.unep.org\/news-and-stories\/story\/plastic-treaty-progress-puts-spotlight-circular-economy#:~:text=According%20to%20the%20UNEA%20Resolution,just%20circular%20economy%20approaches%20that\">UN\u2019s plastic pollution treaty<\/a>, as well as the <a href=\"https:\/\/www.unep.org\/news-and-stories\/statements\/adoption-kunming-montreal-global-biodiversity-framework-gbf\">Kunming-Montreal Global<\/a><\/p>\n<p><a href=\"https:\/\/www.unep.org\/news-and-stories\/statements\/adoption-kunming-montreal-global-biodiversity-framework-gbf\">Biodiversity Framework<\/a>, and devise a roadmap for strengthening climate resilience for climate-vulnerable countries.<\/p>\n<p><strong>The UAE is hosting the International Conference on Green Energy and <\/strong><strong>Environmental Technology (<\/strong><strong><a href=\"http:\/\/www.icgeet.igrnet.org\/279\/united-arab-emirates\/\">ICGEET<\/a><\/strong><strong>) on 18 and 19 April <\/strong>in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.<\/p>\n<p><strong>Germany will host the <\/strong><strong><a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">first COP27 transitional committee workshop<\/a><\/strong><strong> from <\/strong><strong>Saturday, 29 April to Sunday, 30 April <\/strong>in Bonn. The workshop will address climate-driven loss and damage impacts, will spotlight the findings of a report prepared by the UN on current funding arrangements for climate mitigation efforts, and bring together a host of international financial institutions to discuss pathways to upping funding capacity for climate-induced loss and damage.<\/p>\n<p><strong>Turkey is hosting the <\/strong><strong><a href=\"https:\/\/www.irenec.org\/eng\/\">International 100% Renewable Energy Conference<\/a><\/strong><strong> from 4<\/strong><strong>-6 May<\/strong> in Istanbul. The event will bring together experts to discuss the integration of renewables, renewable energy technologies and applications, and the <a href=\"https:\/\/www.iea.org\/reports\/net-zero-by-2050\">Roadmap to 2050<\/a>.<\/p>\n<p><strong>The first <\/strong><strong><a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/about-mena-sc\/\">MENA Solar Conference<\/a><\/strong><strong> is accepting applications from published<\/strong><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 <a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/paper-submission-1\/\">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, ladies and gents. We\u2019re experiencing the first day of that Ramadan news slowdown we\u2019ve been bracing for since the Holy Month kicked off, but there are still a few climate updates from around the world to dig into. OUR TOP CLIMATE STORY- UAE\u2019s Empower launched commercial operations for its district cooling plant in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76927,"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":[155,11,55,92,88,43],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-emissions","tag-enterpriseclimate","tag-mena","tag-oman","tag-renewables","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c86cc280-f9e0-4566-b76a-55247176a9dd","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/9\/2437.jpg","photo_position":"above","related_issue":[76924],"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: Empower\u2019s AED 193 mn Dubailand district cooling facility is operational - 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\/04\/11\/today-empowers-aed-193-mn-dubailand-district-cooling-facility-is-operational\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Empower\u2019s AED 193 mn Dubailand district cooling facility is operational\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gents. 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We\u2019re experiencing the first day of that Ramadan news slowdown we\u2019ve been bracing for since the Holy Month kicked off, but there are still a few climate updates from around the world to dig into. 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