{"id":81417,"date":"2023-12-21T00:00:00","date_gmt":"2023-12-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/21\/some-green-finance-and-decarbonization-updates-from-the-uae\/"},"modified":"2023-12-21T00:00:00","modified_gmt":"2023-12-21T00:00:00","slug":"some-green-finance-and-decarbonization-updates-from-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/21\/some-green-finance-and-decarbonization-updates-from-the-uae\/","title":{"rendered":"Some green finance and decarbonization updates from the UAE"},"content":{"rendered":"

GREEN FINANCE-<\/strong><\/p>\n

DFSA <\/strong>+ HKMA to boost sustainable finance:<\/strong> The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority have partnered to explore how to develop policy and regulatory responses for climate finance in the Middle East and Asia, according to a statement<\/a>. The partnership will involve discussions on the role of central banks in facilitating sustainable capital flows, leveraging frameworks and existing green financing solutions from debt to carbon markets, and international cooperation to combat the impact of climate change globally. DFSA announced during COP28 the waiving of all regulatory fees<\/a> on sustainability-linked debt security listings on Nasdaq Dubai throughout 2024.<\/p>\n

DECARBONIZATION-<\/strong><\/p>\n

Taqa + Abu Dhabi ink MoU to propel environmental initiatives:<\/strong>The Abu Dhabi National Energy Company (Taqa) and the Abu Dhabi Environment Agency<\/a> (EAD) inked a three-year MoU to collaborate on boosting initiatives launched at COP28, as well as garnering knowledge exchange, advocacy campaigns, and fostering dialogues on climate action initiatives, Wam<\/a> reports. The partnership also aims to improve water quality and address air quality and greenhouse gas emissions. <\/p>\n

REMEMBER- <\/strong>Taqa was one of 25 regional utility giants<\/a> to sign the COP28 Declaration of Action (pdf)<\/a> last week, setting in motion the Utilities for Net Zero Alliance (UNEZA) as its vehicle for implementation. Under the pact, Taqa has pledged to accelerate clean energy deployment and integration into power grids and in line with the 2030 goals and the 2050 net zero target. <\/p>\n

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Huade <\/strong>High-Tech + Zubair Electricity partner to reduce emissions:<\/strong> Chinese electricity company Huade High-Tech Electric has partnered with Zubair Electricity \u2014 a subsidiary of Zubair Corporation \u2014 to support the reduction of sulfur hexafluoride (SF6) emissions in the Middle East, Al Khaleej<\/a> reports. Huade Hi-Tech Electric's pioneering SF6 emission reduction technology was showcased at COP28. <\/p>\n

SOUND SMART- What's sulfur hexafluoride?<\/strong> SF6 is a colorless gas used in electrical circuit interrupters and electric piping for electricity transmission and distribution<\/a>. SF6 is used to insulate live electrical parts and to switch the flow of electrical current on and off in medium- and high-voltage electrical equipment.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n