{"id":77132,"date":"2023-05-01T02:01:32","date_gmt":"2023-05-01T02:01:32","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/01\/today-tunisia-is-getting-a-new-75-mw-wind-farm\/"},"modified":"2023-05-01T02:01:32","modified_gmt":"2023-05-01T02:01:32","slug":"today-tunisia-is-getting-a-new-75-mw-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/01\/today-tunisia-is-getting-a-new-75-mw-wind-farm\/","title":{"rendered":"TODAY: Tunisia is getting a new 75 MW wind farm"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>We have a deluge of regional updates across all sectors to kick off the week, so there\u2019s no time to waste: Unleash the news.<\/p>\n

But first, a quick programming note: <\/strong>Due to Egypt bringing back Daylight Savings Time (DST) after a lengthy hiatus, Enterprise Climate will now be landing in Egypt-based inboxes at 5am CLT. Countries in our region who (thankfully) don\u2019t have DST will remain unaffected.<\/p>\n

THE BIG CLIMATE STORY-<\/strong> Saudi investment group Swicorp and Spanish infrastructure group Acciona signed the technical and financial offer and lease commitment to build a 75 MW wind farm in Tunisia and Saudi-based recycling company Tadweeer has expanded its recycling production lines to include an iron production facility.<\/p>\n

^^ <\/strong>We have the details on these stories and more in the news well, below.<\/strong><\/p>\n

A SOUNDBITE FOR THE AGES-<\/strong> US Republican Senator Ron Johnson praised the \u201cbeneficial\u201d side of climate change during a Senate Budget Committee hearing last week, Newsweek<\/a> reported. He argued that Americans should \u201ctake comfort\u201d in climate change, citing part of a 2022 study that predicts an increase in deaths globally due to the economic impacts of climate change. \u201cIn terms of excess deaths, a warming globe\u2019s actually beneficial,\u201d he said while addressing the author of the study during the Senate hearing. \u201cIn my own state, your study shows that we would have a reduction in mortality of somewhere between 54 and 56 people per, I guess, it\u2019s 100k. Why wouldn't we take comfort in that?\u201d<\/p>\n

Missing the point:<\/strong> Michael Greenstone, the study\u2019s author, responded by saying that the senator was \u201cmisreading\u201d the study, explaining that \u201cthe effects of climate change are going to be very unequal\u201d and that \u201cthere's large swatches of the country where the damages will be much larger.\u201d<\/p>\n

\n

OVER IN COPLAND- <\/strong>Stakeholders should work together \u201cto ignite a transformational COP28 agenda that is pro-growth, pro-climate, and leaves no one behind,\u201d COP28 President-designate Sultan Al Jaber said in statements picked up by Wam<\/a>. He said that the summit will work with stakeholders to advance a business-oriented approach that strikes a balance between climate action and sustainable economic and social development. Al Jaber made the statements at a meeting with Sheikh Abdullah bin Zayed, the head of the COP28 Higher Committee that is tasked with preparations for the November summit.<\/p>\n

Al is central to mitigating climate change:<\/strong> Artificial intelligence will have a key role in channeling global potential for advancing climate progress, Al Jaber said during a visit to the Mohamed bin Zayed University of Artificial Intelligence, according to Wam<\/a>. \u201cTechnologies being developed today have the potential to increase energy efficiency, reduce emissions, and ensure that economic growth and climate progress go hand-in-hand while advances in technologies like artificial intelligence, analytics and robotics will enable us to better decarbonize high emitting sectors, and measure and reduce energy consumption and emissions,\u201d he said.<\/p>\n

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WATCH THIS SPACE #1- The first COP27 transitional committee workshop wraps:<\/strong> The first two-day COP27 transitional committee workshop addressing climate-driven loss and damage impacts concluded in Germany yesterday, bringing together panelists from the World Meteorological Organization, the United Nations Development Programme, the United Nations Convention to Combat Desertification, the International Panel on Climate Change, the Caribbean Climate Risk Ins. Facility, the UNHCR, and the African Risk Capacity to discuss the shortcomings of institutions tasked with offering support to address extreme weather and slow onset events and discuss pathways to upping funding capacity for climate-induced loss and damage. The second day of the event saw panelists and speakers provide insights from the UNFCC\u2019s existing work, with a spotlight on the current funding landscape for financing, and highlight innovative financial instruments going forward. You can watch the first day here (watch, runtime: 8:49:40<\/a>) and the second day here (watch, runtime: 8:40:00<\/a>).<\/p>\n

WATCH THIS SPACE #2-<\/strong> Zero flare projects have helped Egypt save EGP 2.8 bn <\/strong>annually<\/strong>, Oil Minister Tarek El Molla said in a statement<\/a> released on Saturday. He said 12 projects run by companies fully or partially owned by the government helped in lowering carbon emissions resulting from gas flaring and saving volumes of natural gas for reuse in other fields and activities, he said. Five other gas flaring projects are underway, the statement added, with others to follow.<\/p>\n

WATCH THIS SPACE #3- EU carbon prices set for a boost after ETS reforms: <\/strong>A Reuters poll<\/a> of seven analysts released on Friday sees the average price for EU carbon permits over the next three years rising on the back of the European nations\u2019 approval of reforms overhauling the bloc\u2019s Emissions Trading System. Analysts predict EU allowances will average EUR 86.17 per ton in 2023 (a 5.9% upwards revision from January forecasts) and EUR 96.19 in 2024 (up 2.2% from January predictions). Prices will average EUR 104.84 per ton in 2025, the analysts expect. The forecasts come days after EU countries gave the final approval<\/a> to EU carbon market reforms<\/a> aimed at making it costlier for industries to pollute and slashing carbon dioxide emissions. The new climate policy cracks down on European countries\u2019 access to gratis CO2 permits by 2034 and adds shipping emissions to the carbon market starting 2024. It also includes a plan to phase in a levy on the import of high polluting goods including steel, cement, aluminum, fertilizers, electricity, and hydrogen by 2026.<\/p>\n

WATCH THIS SPACE #4- Another climate finance advocacy campaign? <\/strong>France, Spain, Barbados, and Sierra Leone are backing a new coalition seeking more climate funds to help poor and vulnerable countries fight climate change, Reuters<\/a> reported on Thursday. Led by Australia-based nonprofit group Global Citizen, the Power Our Planet<\/a> campaign demands \u201cnothing short of global systemic change to advance the mission to tackle climate change and end extreme poverty.\u201d Co-chaired by Barbados Prime Minister Mia Mottley, the campaign will call on the world\u2019s wealthiest countries to honor USD 16 bn in climate finance that was due in 2020 as part of the USD 100 bn climate finance pledge annually for vulnerable countries. The campaign will be promoted during the G7 summit this month, the New Financing Pact Summit in Paris in June, the G20 and UNGA in September, and COP28 in November, according to Global Citizen.<\/p>\n

\n

<\/a> WATCH THIS SPACE #5-<\/strong> An international H2 trade body could be forming: <\/strong>Panama plans to launch an intergovernmental organization to open the door for global trade in renewable hydrogen and its derivatives, the country\u2019s Energy Undersecretary Rosilena Lindo told Argus<\/a> last week. She said her country\u2019s plans for the Hydrogen International Trade Organization will be announced during COP28 later this year, adding that she has held informal talks with \u201cmore than 16 countries\u201d on the proposal and \u201ceverybody is on board.\u201d Panama wants to have at least 10 countries ratify and approve a treaty outlining the organization\u2019s goals within a year of its launch, she added. The countries Panama is courting to join the body have not been disclosed.<\/p>\n

Could the MENA region be tapped to join?<\/strong> MENA is emerging as a potential green hydrogen<\/a>hub<\/a>, with Morocco, Egypt, KSA, and Oman having the most advanced hydrogen strategies, according to an Irena report (pdf)<\/a> last year. Morocco and KSA are among five countries best placed to become major clean hydrogen producers by 2050, Irena notes. Egypt is also a potential hub with the capacity to produce 20 mn tons of green hydrogen per year, with 12.5 mn tons earmarked for export, according to a recent report (pdf)<\/a> supported by the European Investment Bank.<\/p>\n

WATCH THIS SPACE #6- <\/strong>Some 65% of carbon emissions reduction in the aviation industry will come from <\/strong>the switch to sustainable fuels<\/strong>, according to a statement<\/a> from the International Air Transport Association. Production of those fuels, however, remains low, Brendan Sullivan, IATA\u2019s Global head of Cargo said, adding that the right set of incentives could help production reach 30 bn liters by 2030 \u2014 which would be seen as a tipping point towards the net zero goal. (Arab News<\/a> | MENA FN<\/a>)<\/p>\n

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

enterprise<\/a><\/p>\n

The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking <\/strong>place on Monday, 15 May.<\/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 us a magnet for foreign direct investment (FDI).<\/p>\n

Why exports & FDI?<\/strong> In the wake of successive floats of EGP, exports and FDI have never been more important to our economy \u2014 or our 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.<\/strong> You can learn more on our conference website here<\/a>.<\/p>\n

And what better place to discuss moving our goods than Egypt\u2019s original logistics zone \u2014 the Nile. <\/strong>That\u2019s why we\u2019re looking forward to holding the event by the river\u2019s vistas at the Four Seasons, Nile Plaza. <\/strong><\/p>\n

Some of the biggest names in business and finance are on board \u2014 are you?<\/strong> The Enterprise Exports and FDI Forum is taking place with the generous support of our friends, including:<\/p>\n

Banking partners:<\/strong> Banque Misr | Al Baraka Bank | Emirates NBD | HSBC<\/p>\n

Lead partners:<\/strong> DB Schenker | DP World | East Port Said Development | IDG | IFC | Madinat Masr<\/p>\n

Event partners: <\/strong>Beyti | Concrete | Global Corp | Grant Thornton | Hassan Allam Utilities<\/p>\n

WANT TO BECOME A COMMERCIAL PARTNER?<\/strong> Ping a note to Moustafa, our head of commercial, here<\/a>.<\/p>\n

HAVEN\u2019T REQUESTED AN INVITE YET?<\/strong> If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please fill out the form here<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n

\n

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

Turkey is hosting the <\/strong>International 100% Renewable Energy Conference<\/a><\/strong> this Thursday, 4 <\/strong>May to Saturday, <\/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 Roadmap to 2050<\/a>.<\/p>\n

The UAE is hosting the <\/strong>Global Green Future Fuel<\/a><\/strong> conference from next Monday, 8 May <\/strong>to Wednesday, 10 <\/strong>May<\/strong> in Dubai. The green energy-focused business event brings together policymakers, renewable energy generators, project developers, and chemical and mobility industry representatives to define a new energy future shaped by hydrogen.<\/p>\n

Egypt is hosting <\/strong>The Solar Show MENA<\/a><\/strong> next Tuesday, 9 May and Wednesday, 10 May<\/strong> in Cairo. The conference brings together policymakers, financiers, and others to develop and futureproof the region\u2019s energy sector as one of the emerging players in developing clean energy solutions and energy infrastructure.<\/p>\n

The UAE is hosting <\/strong>The Airport Show<\/a><\/strong> on Tuesday, 9 May to Thursday, 11 May<\/strong> in Dubai. The forum\u2019s 22nd edition will bring together over 200 aviation companies and more than 100 buyers from 23 countries. It will shed light on leading innovations in airport sustainability, digitalization, and urban air mobility to facilitate the industry\u2019s path towards sustainable and collaborative airport infrastructure development and operational transformations.<\/p>\n

The UAE is hosting the <\/strong>UAE Climate Tech<\/a><\/strong> forum on Wednesday, 10 May and Thursday, 11 May <\/strong>in Abu Dhabi. The event will gather over 1k policymakers, CEOs, experts, and investors to discuss collaboration on innovative technologies and economic opportunities in advancing decarbonization across all sectors.<\/p>\n

The first <\/strong>MENA Solar Conference<\/a><\/strong> is accepting applications from published<\/strong> researchers specialized in PV technology until next 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 deluge of regional updates across all sectors to kick off the week, so there\u2019s no time to waste: Unleash the news. 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We have a deluge of regional updates across all sectors to kick off the week, so there\u2019s no time to waste: Unleash the news. 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