{"id":84344,"date":"2024-05-22T00:00:00","date_gmt":"2024-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/"},"modified":"2024-05-22T00:00:00","modified_gmt":"2024-05-22T00:00:00","slug":"today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/","title":{"rendered":"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs"},"content":{"rendered":"

Good morning, folks. <\/strong>We have a packed issue this morning with plenty of green finance updates from the UAE and Qatar, but first let\u2019s take a look at what\u2019s shaping the conversation abroad\u2026<\/p>\n

THE BIG CLIMATE STORY OUTSIDE THE REGION- A couple of stories are grabbing headlines worldwide, the first being a<\/strong> landmark<\/strong> ruling in the small island states climate case. <\/strong>The International Tribunal for the Law of the Sea (ITLOS) \u2013 in its first climate-related ruling \u2013 declared that GHG emissions absorbed by the ocean qualify as marine pollution, marking a significant victory for a coalition of small island states. The court mandated countries must take more stringent actions to protect marine environments than those stipulated in the Paris climate agreement. This decision supports island states in their fight against the impacts of rising sea levels.<\/p>\n

Who was involved?<\/strong> The case was brought forth by nine island nations, including Antigua and Barbuda and the Bahamas. Tuvalu, Palau, Niue, Vanuatu, St. Lucia, St. Vincent and Grenadines and St. Kitts and Nevis were also part of the coalition. <\/p>\n

How will this decision help? <\/strong>This ruling will bolster legal and diplomatic efforts against climate inaction as it guides climate-related policies and can be used as a legal precedent. <\/strong>\u201cThe ITLOS opinion will inform our future legal and diplomatic work in putting an end to inaction that has brought us to the brink of an irreversible disaster,\u201d Antigua and Barbuda's Prime Minister Gaston Browne said.<\/p>\n

China isn\u2019t happy:<\/strong> The world's largest carbon emitter contested the tribunal's authority to issue this opinion, arguing it could lead to fragmentation of international law. <\/p>\n

The story made headlines in the international press: <\/strong>Reuters<\/a><\/strong> | <\/strong>The Washington Post<\/a><\/strong> | <\/strong>The New York Times<\/a><\/strong> | <\/strong>AP<\/a><\/strong><\/p>\n

ALSO- Fossil fuel giant Shell\u2019s shareholders approved a new energy transition plan with weaker carbon-emissions targets with nearly 80% voting in favor. <\/strong>A resolution urging stricter climate measures, proposed by activist shareholder group Follow This and supported by major investors like French asset management company Amundi, received only 19% of the vote. Shell's updated strategy aims for a 15-20% reduction in net carbon intensity by 2030, down from a previous 20% target, and has abandoned a 45% reduction goal by 2035. The story was picked up by <\/strong>Reuters<\/a><\/strong>, <\/strong>Bloomberg<\/a><\/strong>, and <\/strong>The Financial Times<\/a><\/strong>.<\/p>\n

\n

WATCH THIS SPACE-<\/p>\n

<\/a>#1- Saudi mining giant Ma\u2019aden has extracted lithium from seawater <\/strong>\u2014 though not at a commercially viable rate, CEO Robert Wilt told Reuters<\/a>. \u201cWe are actually producing lithium from seawater now,\u201d Wilt, who is also vice chairman of Manara Minerals \u2014 a JV between Ma\u2019aden and the PIF \u2014 said. He did not provide further details on the extraction process, but highlighted efforts by Aramco to extract lithium from brine in its oilfields. \u201cWe are both working parallel paths. Ma\u2019aden on extracting lithium from seawater. Aramco from brines where lithium has higher concentration,\u201d he said, adding that Ma\u2019aden was currently in talks with Aramco on \u201chow we can join forces.\u201d<\/p>\n

REMEMBER- <\/strong>Industry and Mineral Resources Minister Bandar Al Khorayef said last month<\/a> that Saudi will continue to source lithium from abroad as part of its plans for the nascent EV sector as securing domestic supplies were still at an early stage. \u201cLithium is a very important mineral that happens to be part of a very important part of the supply chain, especially for batteries,\u201d he told Reuters at the time. \u201cThere are some signs which are encouraging, but we need to do more,\u201d he said on producing lithium locally. <\/p>\n

Why does it matter? <\/strong>Lithium is a critical component of both modern consumer electronics and the green transition, factoring into everything from rechargeable batteries for phones and computers to electric vehicles and grid storage.<\/p>\n

SPEAKING OF LITHIUM- <\/strong>UMPC plans to kick off lithium production in Argentina next year:<\/strong> Dubai-based United Mining Projects plans to kick off lithium production for batteries in Argentina next year, targeting an output of 5k tons by 2027 with plans to double it by 2028, CEO Bradley Pielsticker said in an interview with CNBC Arabia<\/a>. The company is currently mulling extraction methods, including direct extraction and evaporation ponds, he said. <\/p>\n

REMEMBER- <\/strong>UMPC is investing USD 550 mn in a lithium project in Argentina<\/a> \u2019s Catamarca province through its subsidiary, Marhen Lithium. The project also aims to develop the lithium into value-added products, with the funds set to be disbursed over a four-year period.<\/p>\n

<\/a>#2- We have details on the UAE\u2019s first state-owned EV charging network:<\/strong> UAEV \u2014 the first<\/a>state-owned<\/a>EV charging network<\/a> in the UAE \u2014 is targeting to install up to 100 160 KW fast-charging units by the year\u2019s end, and some 1k units by 2030, UAEV Chairman Sharif Al Olama told Khaleej Times<\/a>. The charging units will be available at no cost this year and will be accessible in public spaces, workplaces, shopping centers, and residential areas. There are also plans to later install chargers in malls, supermarkets, and government buildings.<\/p>\n

<\/a>#3- Egypt will reveal trading and settling rules for its soon-to-be-established <\/strong>voluntary carbon credits market within \u201cthe next few weeks<\/strong>,\u201d Chairman of the Financial Regulatory Authority (FRA) Mohamed Farid said in a press release<\/a>. Once launched, the market will be the first voluntary carbon market to trade carbon emissions reduction certificates in Africa. <\/p>\n

REMEMBER- The legislative and executive framework has already been completed: <\/strong>The FRA established carbon credit verification and certification standards<\/a> for issuing voluntary carbon certificates in August 2023. Under the framework, the certification body must provide the regulatory authority with the objective of the project, the technologies used, and the estimated volume of emission reduction \u2014 all of which the certification body is responsible for confirming. Unregistered entities will not be permitted to carry out any verification or approval for carbon removal projects and cannot list or trade carbon certificates on the EGX. <\/p>\n

#4- Algeria is finalizing its national energy strategy to boost renewables and green <\/strong>hydrogen production<\/strong>, according to a statement<\/a> citing comments made by Algerian Minister of Energy Mohamed Arkab on the sidelines of a conference in Italy. The country aims to be a major hydrogen exporter and boost renewables capacity to 15 GW by 2035.<\/p>\n

Here\u2019s what we know so far: <\/strong>The country will implement three phases<\/a> of its national strategy to boost production and competitiveness to become a global hub for green hydrogen by 2050. The three main phases include a \u201cpilot\u201d phase from 2023 to 2030, a \u201cmarket creation\u201d phase from 2030 to 2040, and a \u201ccompetitive phase\u201d from 2040 to 2050.<\/p>\n

#5- Electricity costs throw Europe\u2019s climate goals offtrack: <\/strong>European energy firms are cutting back on their energy transition targets due to high electricity costs and low prices, according to The Financial Times<\/a>. The continent\u2019s largest renewables producer Statkraft says its reassessing targets, Portugal\u2019s EDP is scaling back its pledges, and the world\u2019s largest offshore wind developer \u00d8rsted has cut down 2030 goals by more than 10 GW after shutting down two US projects due to costs. Several other companies have followed suit, but overall, the sector is still seeing growth despite targets slowing down, FT writes. <\/p>\n

Who\u2019s to blame? <\/strong>High interest rates and slow regulatory approval are making it harder for companies to commit to energy transition targets, the news outlet explains. While some are still scaling up their plans, higher interest rates mean that finding investors has become more competitive, Emea energy transition at RBC Capital Markets Ralph Ibendahl said. With base rates at 5%, a 7-9% return is no longer attractive to investors, pushing them to invest elsewhere, he added. <\/p>\n

#7- Let the best tech prevail:<\/strong> The protective measures implemented by the west will \u201ccome back to haunt\u201d renewables\u2019 development as it affects companies creating more advanced tech, Chinese solar manufacturer Arctech's global marketing exec Zhou Shijun told The Financial Times<\/a> amid growing tensions between China, the US and Europe. Arctech, with a market cap of USD 1.9 bn, is diversifying its market focus towards the Middle East, Asia, and Latin America, steering clear of the US market.<\/p>\n

BACKGROUND- The US bumped tariffs on Chinese goods to curb imports: <\/strong>The US government released a raft of tariff increases<\/a> last week on USD 18 bn worth of Chinese imports that will each begin taking effect between 2024 and 2026. Solar cell tariffs doubled to 50% while EVs quadrupled to 100%, and lithium-ion EV batteries more than tripled to 25%.<\/p>\n

DANGER ZONE- <\/p>\n

Hydrogen production could make up over 50% of electricity demand by 2050 <\/strong>inefficiencies in the green fuel\u2019s production could pose a major hurdle for producers<\/strong>, according to a report (pdf)<\/a> published by Danfoss Impact. Efficiency in low-carbon hydrogen production will be crucial if producers are to successfully meet growing demands \u2014 which is already expected to increase by 45 GW by 2028<\/a> \u2014 given that green hydrogen currently loses 30% of its energy during its conversion process, the report says.<\/p>\n

Danfoss comes in with recommendations:<\/strong> Companies could look into technology that can improve the yield such as recovering excess heat from electrolysis or switching more efficient converters for electrolyzers which could increase efficiency by 1% by 2050 \u2014 equivalent to London\u2019s energy demands for almost four years. Cost efficiency in green hydrogen production will also be essential, especially for heavy industries which will need the most support to decarbonize at a fast pace, the Danfoss paper concludes. <\/p>\n

\n
\n
\n
\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

***
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 9am in Cairo and Riyadh and 11am in the UAE.<\/p>\n

EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong>tap or click here<\/a> to read EnterpriseAM, EnterprisePM, Enterprise Climate, Enterprise Logistics, and The Weekend Edition on our powerful new website packed with reader-friendly features. <\/p>\n

Get your own <\/strong>subscription without charge here<\/a><\/strong> or reach out to us on climate@enterprisemea.com<\/a> with comments, suggestions and story tips.
***<\/strong><\/p>\n

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

The UAE will host the <\/strong>Bonds, Loans & Sukuk Middle East<\/a><\/strong> event from Tuesday, 4 June to <\/strong>Wednesday, 5 June<\/strong> in Dubai. Billed as the Middle East's largest corporate and investment banking event, it serves as a key meeting point for those active in the region's capital markets. Over 1.4k governments, corporates, investors, banks, law firms, regulators and service providers as well as more than 75 expert speakers will be in attendance. <\/p>\n

Turkey will host the <\/strong>International Conference on European Energy Market<\/a><\/strong>, from Monday, <\/strong>10 June to Wednesday, 12 June<\/strong> in Istanbul. The three-day event will gather experts from scientific, industry, and policy sectors for discussions on various energy market-related topics. The conference covers themes including energy modeling, market design, regulatory policies, and climate change.<\/p>\n

Morocco will host the <\/strong>Morocco Energy Week Summit<\/a><\/strong>, from Tuesday, 11 June to <\/strong>Thursday, 12 June<\/strong> in Marrakech. The event will gather Morocco's leading energy players, companies and developers alongside financiers and implementation experts to discuss the country\u2019s green transition.<\/p>\n

Spain will host the <\/strong>Connecting Green Hydrogen Europe<\/a><\/strong> conference, from <\/strong>Tuesday, 25 June to Thursday, 27 June<\/strong> in Madrid. The event will see around 5k attendees including industry leaders, energy ministers, and executives to explore solutions, new technologies, and transformative advancements to advance the hydrogen industry.<\/p>\n

Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"

What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":84345,"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":[98,40,11,64,159,52,43],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-carbon-markets","tag-egypt","tag-enterpriseclimate","tag-evs","tag-saudi-arabia","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c79e76d1-13b4-4dc2-a857-9dfd557d5034","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/1\/1168.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs","related_issue":[84342],"teaser":"What we\u2019re tracking this morning regionally and around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.bea657ea-3247-4900-a8e9-a7aa6a461da4.mp3"},"yoast_head":"\nTODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs - 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\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs\" \/>\n<meta property=\"og:description\" content=\"What we\u2019re tracking this morning regionally and around the world\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs\",\"datePublished\":\"2024-05-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/\"},\"wordCount\":1878,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1\",\"keywords\":[\"carbon markets\",\"Egypt\",\"EnterpriseClimate\",\"EVs\",\"Saudi Arabia\",\"UAE\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/\",\"name\":\"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-22T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/","og_locale":"en_US","og_type":"article","og_title":"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs","og_description":"What we\u2019re tracking this morning regionally and around the world","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/","og_site_name":"Climate","article_published_time":"2024-05-22T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs","datePublished":"2024-05-22T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/"},"wordCount":1878,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1","keywords":["carbon markets","Egypt","EnterpriseClimate","EVs","Saudi Arabia","UAE","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/","name":"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1","datePublished":"2024-05-22T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/today-its-a-debt-heavy-day-ksa-inks-world-record-low-ppas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"TODAY: It\u2019s a debt heavy day + KSA inks world record low PPAs"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1168.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-lWo","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=84344"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84344\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/84342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/84345"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=84344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=84344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=84344"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=84344"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}