{"id":80049,"date":"2023-10-16T01:00:37","date_gmt":"2023-10-16T01:00:37","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/16\/today-jordan-is-making-a-push-into-the-green-hydrogen-sector-abu-dhabi-sets-up-cluster-for-evs-and-autonomous-vehicles\/"},"modified":"2023-10-16T01:00:37","modified_gmt":"2023-10-16T01:00:37","slug":"today-jordan-is-making-a-push-into-the-green-hydrogen-sector-abu-dhabi-sets-up-cluster-for-evs-and-autonomous-vehicles","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/16\/today-jordan-is-making-a-push-into-the-green-hydrogen-sector-abu-dhabi-sets-up-cluster-for-evs-and-autonomous-vehicles\/","title":{"rendered":"TODAY: Jordan is making a push into the green hydrogen sector + Abu Dhabi sets up cluster for EVs and autonomous vehicles"},"content":{"rendered":"

Good morning, friends. <\/strong>We have a packed issue this morning with updates from around the region cutting across all sectors of the climate industry. Let\u2019s dive right in.<\/p>\n

THE BIG CLIMATE STORIES- <\/strong>Jordan\u2019s Energy and Mineral Resources Ministry has signed an MoU with Jordan Green Ammonia to conduct feasibility studies on developing green hydrogen projects in the country and US electric aircraft maker Joby Aviation plans to participate in Abu Dhabi\u2019s newly formed Smart and Autonomous Vehicles Industry cluster.<\/p>\n

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

HAPPENING TODAY- The <\/strong>UNCTAD World Investment Forum<\/a><\/strong> is kicking off today in Abu <\/strong>Dhabi and running through to <\/strong>Friday.<\/strong> This year\u2019s theme focuses on sustainable investments, with a diverse range of climate financing sessions on promoting investments in the blue economy<\/a>, agrifood systems<\/a>, sustainable infrastructure<\/a>, carbon markets<\/a>, the circular economy<\/a>, strategic minerals<\/a> for decarbonization, and sustainable tourism<\/a>. Some sessions will tackle reform of financial institutions needed to reach net zero<\/a>, such as a session on integrating nature-related risk into capital markets<\/a> and financing an equitable nature economy<\/a>. Public sector investments<\/a> and stock exchange action<\/a> on climate disclosures will also be discussed.<\/p>\n

ALSO- <\/strong>The<\/strong> IAEA Fusion Energy Conference<\/a><\/strong> will kick off today and run until Saturday in <\/strong>London.<\/strong> The focus of this year\u2019s conference reflects the priorities of the new nuclear fusion era in energy research, technology deployment, and preparation for industrial deployment. It aims to serve as a platform for exchanging the outcomes of research and development efforts in both national and global fusion programmes.<\/p>\n

THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong>Seven green hydrogen hubs across the US selected for USD 7 bn grants: <\/strong>US President Joe Biden mobilized USD 7 bn in federal grants to support development of seven green hydrogen production hubs across 16 states on Friday. The projects \u2014 established by companies including Exxon and Amazon \u2014 are expected to rake in investments totalling nearly USD 50 bn when accounting for additional private financing from the developing firms, Biden said. The government funding under the US\u2019 landmark USD 369 bn Inflation Reduction Act<\/a> aims to set up the necessary clean hydrogen infrastructure to help hard-to-abate sectors \u2014 including the cement and steelmaking industries \u2014decarbonize their operations through low-carbon fuel usage. The US has set a target to up its clean hydrogen production capacity to 10 mn tons by 2030<\/a>, before reaching 50 mn tons by 2050.<\/p>\n

The federal grants dominated coverage over the weekend:<\/strong> Reuters<\/a> | Bloomberg<\/a> |The Associated Press<\/a> | The Washington Post<\/a> | The New York Times<\/a> | CNN<\/a> | BBC<\/a><\/p>\n

\n

WATCH THIS SPACE #1- <\/strong>Egypt is studying two offers to finalize separate agreements <\/strong>with Orascom Construction (OC) and Scatec to build wind projects in the country<\/strong>, a senior Electricity Ministry official confirmed to Enterprise. The New Renewable Energy Authority and the energy companies are expected to sign joint development agreements within the next two months, our source said.<\/p>\n

REMEMBER- <\/strong>An OC-led consortium with Engie and Toyota Tsusho signed up to build a 3 GW wind farm<\/a> and Scatec agreed to develop a portfolio of up to 5 GW of wind projects<\/a> with USD 5 bn on the sidelines of COP27 in Egypt last year.<\/p>\n

\n

WATCH THIS SPACE #2- Germany will reportedly pour in investments for Morocco\u2019s <\/strong>green hydrogen sector in the next two years<\/strong>, a Moroccan news outlet<\/a> reported on Saturday, referencing a cabinet Tweet<\/a>. Germany\u2019s Federal Minister for Economic Cooperation and Development Svenja Schulze headed a delegation on a visit with the Green Energy Park<\/a> authority of Central Morocco\u2019s town of Ben Guerir, and said her country will be collaborating with the kingdom on renewables projects under plans to bring online a green hydrogen production plant in Morocco by 2025. Germany signed an agreement with the Moroccan government to build a 100 MW hydrogen plant<\/a> in the kingdom back in 2020 and has a target of producing 95-130 TWh of hydrogen by 2030, with 50-70% of the green fuels mix being sourced from international markets, according to Reuters<\/a>.<\/p>\n

<\/a><\/strong>WATCH THIS SPACE #3- Oman will auction \u201cvast\u201d tracts of land for renewables projects: <\/strong>The Omani government is allocating over 7.8k km2 of land in the Northern governorates of Al Dhahirah, Al Dakhiliyah, and South Al Sharqiyah for renewables and green fuel projects as part of plans to have clean energy comprise a third of its power mix by 2030, Oman Daily Observer<\/a> reported on Friday. Solar radiation averages 2-2.5k KWh (2.5 MWh) per square meter in different parts of the country, while wind speeds average 8-10 meters\/second, which is suitable for large-scale renewables development, the country\u2019s Energy and Minerals Ministry said. The newly announced land allocations add to the country\u2019s already identified 50k km2 of land blocks for planned green hydrogen generation projects: 25.7k km2 in Al Jazer, 7.9k km2 in Salalah, and 15.9k km2 in Duqm, the ministry said. The sultanate's strategy for the energy source includes an increase in investment in green hydrogen to USD 140 bn by 2050<\/a>.<\/p>\n

ALSO FROM OMAN- <\/strong>The sultanate\u2019s first wave energy pilot projects are expected to be <\/strong>launched within the next two years<\/strong>, Norwegian wave power firm Havkraft MENA Advisor and UK-based consultancy Translucidus Managing Director Matt Minshall told Zawya Projects<\/a> in an interview. His statements come months after Translucidus joined forces<\/a> with Havkraft to establish Oman\u2019s first wave energy power generation facilities.<\/p>\n

\n

WATCH THIS SPACE #4- KSA plans to use carbon capture tech and green hydrogen to <\/strong>produce SAFs<\/strong>, the Managing Director of the National Hydrogen and Circular Economy Office at Saudi Arabia\u2019s Energy Ministry Zaid Al Gharib told Asharq Al Awsat<\/a> last week. Sustainable aviation fuels (SAFs) are produced<\/a> from a mix of renewables-powered hydrogen and carbon dioxide captured from the atmosphere. KSA\u2019s government is currently undertaking studies on how to capitalize on the green hydrogen it will produce from its USD 8.4 bn<\/a>utility-scale project in Neom as well as other planned green fuel projects, as well as its carbon capture capacity at underground wells to generate a mix of low-carbon fuels to meet its 2060 carbon neutrality target, Gharib said.<\/p>\n

Lots of carbon to use: <\/strong>One of KSA\u2019s largest potential underground CO2 storage reservoirs \u2014 announced under the Saudi Green Initiative<\/a> \u2014 will have a 44 mn ton carbon capture capacity by 2035, he noted. The Neom mega green hydrogen plant \u2014 the first of its kind to achieve financial close in the region \u2014 is set to produce 250k tons by 2026, he added. The kingdom also plans to leverage its geographical position to establish a green fuels corridor connecting Asia with central Europe through India to boost its export capacity of low-carbon energy sources, Gharib told the news outlet.<\/p>\n

SPEAKING OF CARBON- MENA\u2019s voluntary carbon credit market could see trading of up <\/strong>to <\/strong>150 mn CO2 tons by 2030: <\/strong>The regional voluntary carbon credits market (VCM) could see CO2 trading of 100-150 mn tons by the end of the decade, Regional Voluntary Carbon Market Company (RVCMC) CEO Riham ElGizy told Arab News<\/a> in an interview on Wednesday. RCVMC \u2014 established by the Saudi sovereign wealth fund and the Saudi Tadawul Group with SAR 500 mn of capital \u2014 plans to launch<\/a> its carbon trading exchange in the second half of next year, Ghizy said. \u201cBefore the establishment of the platform, RVCMC will make available exchange and advisory services to buyers and suppliers,\u201d she said. \u201cWe\u2019re not waiting till the exchange comes online by 2024.\u201d<\/p>\n

RVCMC also announced its planned VCM structure: <\/strong>RVCMC\u2019s carbon platform is \u201cgoing to be a spot market to help price discovery by 2024,\u201d ElGizy noted. \u201cWe will have as well in that exchange over-the-counter trading, we will have a marketplace for suppliers to sell their own products,\u201d she added. Earlier in June, RVCMC sold 2 mn tons of carbon credits in what the company described as the largest-ever voluntary carbon credit auction.<\/p>\n

\n

WATCH THIS SPACE #5- The Neom Green Hydrogen Company is exploring potential expansions <\/strong>in Saudi Arabia and the wider region<\/strong>, CEO David Edmondson told Arab News<\/a> in an interview last week. This comes in parallel to preparations to launch the company\u2019s green ammonia facility in Neon, which is slated to begin full-scale production by the end of 2026, months after its first operations commences, Edmondson added. The facility will be powered by USD 8.5 bn utility-scale green hydrogen facility<\/a> and produce 1.2 mn tons of green ammonia annually, making it the largest of its kind in the world. The first phase will be launched in summer of 2026. The interview came on the sidelines of the MENA Climate Week in Riyadh.<\/p>\n

\n

THE DANGER ZONE- Climate-induced food and water shocks could cause USD 5 tn in <\/strong>global losses in five years under extreme scenarios<\/strong>, according to new data<\/a> by ins. company Lloyd\u2019s of London. Lloyd's, in partnership with the Cambridge Centre for Risk Studies<\/a>, carried out a \u201csystem risk scenario\u201d simulation to estimate the impact food and water shortages on the back of climate-driven extreme weather would have in a five-year period under major, severe, and extreme scenarios. They found that nutritional insecurity could have an economic toll of up to USD 5 tn under a \u201cplausible increase\u201d scenario, and could reach USD 17.6 tn under the most extreme forecast. The lowest severity scenario would see an economic toll of USD 3 tn, the firm said.<\/p>\n

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

Saudi Arabia will host the <\/strong>Environment Ministers in the Islamic World<\/a><\/strong> on Wednesday, 18 <\/strong>October and Thursday, 19 October <\/strong>in Jeddah. The two-day event will bring together ministers from 52 countries, as well as delegates from 30 regional and international environmental organizations, to discuss the green transition and developments in clean technologies within the Islamic world.<\/p>\n

Oman will host the <\/strong>Duqm Economic Forum<\/a><\/strong> from Monday, 16 October to Tuesday, 17 <\/strong>October<\/strong> in Duqm. The two-day event \u2014 organized by the Public Authority for Special Economic Zones and FreeZones \u2014 will showcase green investment windows and possible partnerships at the Special Economic Zone at Duqm.<\/p>\n

Egypt will host the fourth meeting of the <\/strong>COP27 Transitional Committee<\/a><\/strong> from Tuesday, 17 <\/strong>October to Friday, 20 October <\/strong>in Aswan. The meeting aims to establish institutional arrangements, modalities, governance structures, and terms of reference for the landmark Loss and Damage Fund while expanding sources for climate funding under the program.<\/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, friends. We have a packed issue this morning with updates from around the region cutting across all sectors of the climate industry. Let\u2019s dive right in. THE BIG CLIMATE STORIES- Jordan\u2019s Energy and Mineral Resources Ministry has signed an MoU with Jordan Green Ammonia to conduct feasibility studies on developing green hydrogen projects […]<\/p>\n","protected":false},"author":1,"featured_media":80050,"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":[98,40,11,39,45,89,92,88,159,43,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-carbon-markets","tag-egypt","tag-enterpriseclimate","tag-green-hydrogen","tag-morocco","tag-neom","tag-oman","tag-renewables","tag-saudi-arabia","tag-what-were-tracking-today","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"7f407966-4e17-45fe-bf37-7a0958248e41","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/10\/1592.jpg","photo_position":"above","related_issue":[80047],"teaser":"","voice_url":""},"yoast_head":"\nTODAY: Jordan is making a push into the green hydrogen sector + Abu Dhabi sets up cluster for EVs and autonomous vehicles - 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\/10\/16\/today-jordan-is-making-a-push-into-the-green-hydrogen-sector-abu-dhabi-sets-up-cluster-for-evs-and-autonomous-vehicles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Jordan is making a push into the green hydrogen sector + Abu Dhabi sets up cluster for EVs and autonomous vehicles\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. 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