{"id":78540,"date":"2023-07-19T01:22:07","date_gmt":"2023-07-19T01:22:07","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/07\/19\/today-masdar-draws-massive-interest-in-debut-green-bonds-sale\/"},"modified":"2023-07-19T01:22:07","modified_gmt":"2023-07-19T01:22:07","slug":"today-masdar-draws-massive-interest-in-debut-green-bonds-sale","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/07\/19\/today-masdar-draws-massive-interest-in-debut-green-bonds-sale\/","title":{"rendered":"TODAY: Masdar draws massive interest in debut green bonds sale"},"content":{"rendered":"<p><strong>Good morning, friends. <\/strong>We have a relatively brisk issue this morning as the weekend nears close, which brings us to a quick programming note:<\/p>\n<p><strong>Enterprise Climate will be taking a publication holiday tomorrow in observance of Islamic New Year.<\/strong> We\u2019ll be back in your inbox at the usual time on Monday, 24 July.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>The UAE\u2019s state-owned renewables developer Masdar is expected to raise USD 750 mn after its debut green bond issuance lured in over USD 4.2 bn in demand.<\/p>\n<p><strong>ALSO- Another one of this morning\u2019s must-reads is part two of our explainer on El Ni\u00f1o<\/strong> and what the extreme weather pattern means for our neck of the woods.<\/p>\n<p><strong>^^ We have more details on these stories and more in the news well, below. <\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- The world\u2019s roasting heatwave<\/strong><strong> continues:<\/strong> Parts of southern and eastern Europe saw authorities issuing red alerts as a scorching heat wave globally sent the World Meteorological Organization (WMO) warning of an increased risk of deaths due to the extreme weather. The EU\u2019s emergency response coordination center issued red alerts for most of Italy, northeastern Spain, Croatia, Serbia and others. The baking temperatures have sent wildfires raging in several parts of southern Europe, including mainland Greece, with the EU sending amphibious aircraft to help Greece battle the wildfires.<\/p>\n<p><strong>And the pattern continues:<\/strong> \u201cTemperatures in North America, parts of Asia, and across North Africa and the Mediterranean will be above 40\u00b0C for a prolonged number of days this week,\u201d the WMO warned in a <a href=\"https:\/\/public.wmo.int\/en\/media\/news\/heatwaves-show-importance-of-health-early-warnings-and-action-plans\">statement<\/a>. It said overnight minimum temperatures are expected to reach new highs, leading to increased cases of heart attacks and death. \u201cWhilst most of the attention focuses on daytime maximum temperatures, it is the overnight temperatures which have the biggest health risks, especially for vulnerable populations,\u201d it said.<\/p>\n<p><strong>The persisting heatwave is still leading coverage in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/wmo-warns-risk-heart-attacks-deaths-heatwave-intensifies-2023-07-18\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-18\/europe-edges-toward-record-heat-as-wildfires-hit-greece?srnd=green\">Bloomberg<\/a> | <a href=\"https:\/\/apnews.com\/article\/heat-wave-mediterranean-europe-wildfires-weather-6b51eddecd0a1814785c046e2ddc3d63\">The Associated Press<\/a> | <a href=\"https:\/\/www.theguardian.com\/environment\/live\/2023\/jul\/18\/europe-heat-wave-2023-us-asia-heatwave-live-updates-extreme-severe-weather-hottest-record-temperature-red-alert-climate-crisis-latest-news\">The Guardian<\/a> | <a href=\"https:\/\/www.bbc.co.uk\/news\/live\/world-66207430\">BBC<\/a> | <a href=\"https:\/\/news.sky.com\/story\/weather-global-heatwaves-latest-uk-europe-italy-us-china-south-korea-live-updates-12920226\">Sky News<\/a> |<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1434.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. <\/strong>This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.<\/p>\n<p><strong>Day one is our Banking Forum<\/strong>, where we\u2019ll dive deep into topics of interest to commercial and investment bankers, from an outlook on the 12 months to come in M&A, IPO, and debt capital markets to the national, regional, and global trends that are (re)shaping our industry.<\/p>\n<p><strong>Day two is all about Fintech and Non-Banking Financial Services. <\/strong>We\u2019ll take a deep dive into everything from the magic of client acquisition to the prospects of consolidation and the coming of challenger banks.<\/p>\n<p><strong>** NEW: MORE NETWORKING TIME- <\/strong>Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise.<\/p>\n<p><strong><a href=\"https:\/\/finance.enterprise.news\/\">TAP OR CLICK HERE<\/a><\/strong><strong> if you want to express interest in attending. <\/strong>We\u2019ll be sending out the first batch of invitations shortly.<\/p>\n<p><strong>Do you want to become a commercial partner?<\/strong> <a href=\"mailto:mtaalab@inktankir.com\">Ping a note<\/a> to Moustafa Taalab, our head of commercial, or <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\">fill out this form<\/a> and we\u2019ll be in touch.<\/p>\n<p><strong>STAY TUNED for more detail <\/strong>about our agenda in the weeks to come.<\/p>\n<p><strong>DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong><strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\">Tune in to the Enterprise Podcast and listen for yourself<\/a><\/strong><strong>:<\/strong> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.<\/p>\n<p><strong>WANT TO LISTEN? Head to: <\/strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136?i=1000620168782\">Apple Podcast<\/a> | <a href=\"https:\/\/open.spotify.com\/episode\/1Py9gohdBSApgPy8cJ0MHC?si=jucGGDUaT2yNyDsaLKXwQQ&nd=1\">Spotify<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M=\">Google Podcast<\/a> | <a href=\"https:\/\/play.anghami.com\/episode\/1116856621?adj_t=dgl0aa8_64v1dnl&adj_campaign=ios&adj_adgroup=episode&adj_creative=126401725\">Anghami<\/a>. <strong>We release a new episode every Sunday morning.<\/strong><\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #1- A mineral exploration bid round by Egypt before year <\/strong><strong>end? <\/strong>Egypt plans to launch a new exploration round for minerals before the end of the year in several areas in its Eastern and Western Desert, <a href=\"https:\/\/tinyurl.com\/3mczz6tm\">Asharq Business<\/a> reports, citing people with knowledge of the matter. One of the sources said the bid round will include zones for minerals like iron, phosphate, copper, lead, and zinc \u2014 minerals that are <a href=\"https:\/\/www.iea.org\/reports\/the-role-of-critical-minerals-in-clean-energy-transitions\/mineral-requirements-for-clean-energy-transitions\">essential<\/a> for EV and battery storage production. The bidding will cover over 200 areas of no less than 16 sq km each, they added.<\/p>\n<p><strong>WATCH THIS SPACE #2- The EU may amend its carbon reduction targets ahead of <\/strong><strong>COP28: <\/strong>EU countries are mulling an increase of their carbon reduction targets for 2030 ahead of COP28, <a href=\"https:\/\/www.reuters.com\/world\/europe\/eu-may-update-climate-pledge-show-faster-progress-co2-goals-2023-07-17\/\">Reuters<\/a> reports, citing a draft document it has seen. The proposed amendment, if approved, would see the bloc up its carbon slashing goal by two percentage points from its current target of reducing carbon levels 55% below 1990 levels by the end of the decade. The UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f046a737-0b72-4e0b-bbc2-8190f369fc63\">urged countries to update their targets<\/a> last week ahead of the climate summit in a bid to bolster climate action globally.<\/p>\n<p><strong>Pushing updated targets:<\/strong> The uptick in its CO2 removal target would require EU member states to abide by the bloc\u2019s <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/08ac669b-a6b8-4808-8120-c184c3e0525c\">recently updated climate targets<\/a>. The new target will see the bloc source 42.5% of its power from renewable energy by 2030, and aims to have EU member states expand their individual renewables capacity to 45% of their total energy mix by the same timeframe.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3- World Bank is all in on reform:<\/strong> World Bank President Ajay Banga announced new plans aimed at expanding his bank\u2019s balance sheet and help countries against climate change and other challenges, <a href=\"https:\/\/www.reuters.com\/business\/finance\/world-bank-chief-banga-unveils-new-plans-boost-lending-firepower-2023-07-18\/\">Reuters<\/a> quotes Banga as saying during a G20 meeting. \u201cWe are making quick progress \u2026 we are building a better bank, but eventually we will need a bigger bank,\u201d he added, indicating the necessity of a capital increase to help achieve the plans.<\/p>\n<p><strong>The details: <\/strong>The plans could help generate bns of USD in additional lending by allowing shareholders to back loans if countries are unable to repay them. Such a move would allow the Washington-based lender to generate USD 6 in new lending for every USD 1 in backing over a 10-year period or USD 30 bn for every USD 5 bn. The bank could also launch a new hybrid capital instrument that would pave the way for shareholders to invest in bonds, allowing it to ramp up lending by up to USD 6 bn. Additionally, a new USD 6 bn crisis facility would expand very low or zero-interest lending for the world\u2019s poorest countries through the International Development Association.<\/p>\n<p><strong>ALSO- An additional USD 3 tn is needed each year by 2030 for investments in climate <\/strong><strong>action and other sustainable development goals<\/strong>, <a href=\"https:\/\/www.reuters.com\/world\/g20-panel-says-additional-3-trln-needed-by-2030-towards-climate-action-2023-07-18\/\">Reuters<\/a> reports, citing a report by a G20 panel. The independent panel was commissioned by the G20 to put forward reforms for multilateral development banks while targeting increased spending for climate change and SDGs and others.<\/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 by 5am 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.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>The UAE will host the <\/strong><strong><a href=\"https:\/\/10times.com\/e14k-ddfr-8f34\">International Conference on Solar Power Technology<\/a><\/strong><strong> from <\/strong><strong>Saturday, 22 July to Sunday, 23 July<\/strong> in Dubai. The conference will bring together industry leaders as well as academics and researchers to discuss trends and innovations in the solar energy production sector.<\/p>\n<p><strong>The UK will host the <\/strong><strong><a href=\"https:\/\/www.h2-view.com\/event\/london-hydrogen-africa-green-h2-investment-forum\/\">London Hydrogen-Africa Green H2 Investment Forum<\/a><\/strong><strong> from Tuesday, <\/strong><strong>25 July to Wednesday 26 July<\/strong> in London. The event will gather green hydrogen developers, investors, and policy makers to discuss challenges, regulatory frameworks, and investments in Africa\u2019s green hydrogen market.<\/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 and news triggers.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends. We have a relatively brisk issue this morning as the weekend nears close, which brings us to a quick programming note: Enterprise Climate will be taking a publication holiday tomorrow in observance of Islamic New Year. We\u2019ll be back in your inbox at the usual time on Monday, 24 July. THE BIG [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78541,"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":[255,475,40,11,173,164,197,196,43,161],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-carbon-offsetting","tag-cop28","tag-egypt","tag-enterpriseclimate","tag-eu","tag-green-finance","tag-minerals","tag-mining","tag-what-were-tracking-today","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"2a0803b0-c5b7-40b1-8b8c-6250216848e1","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2019\/4\/2544.jpg","photo_position":"above","related_issue":[78538],"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: Masdar draws massive interest in debut green bonds sale - 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\/07\/19\/today-masdar-draws-massive-interest-in-debut-green-bonds-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Masdar draws massive interest in debut green bonds sale\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. We have a relatively brisk issue this morning as the weekend nears close, which brings us to a quick programming note: Enterprise Climate will be taking a publication holiday tomorrow in observance of Islamic New Year. We\u2019ll be back in your inbox at the usual time on Monday, 24 July. 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We have a relatively brisk issue this morning as the weekend nears close, which brings us to a quick programming note: Enterprise Climate will be taking a publication holiday tomorrow in observance of Islamic New Year. We\u2019ll be back in your inbox at the usual time on Monday, 24 July. 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