{"id":87767,"date":"2024-11-05T00:00:00","date_gmt":"2024-11-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/"},"modified":"2024-11-05T00:00:00","modified_gmt":"2024-11-05T00:00:00","slug":"today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/","title":{"rendered":"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folks.<\/strong> We have a fairly balanced news day, although Turkey is in the spotlight as more green loans and tender announcements flow in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- As the US presidential elections get underway today, we dive into the potential impact<\/strong> of the vote\u2019s outcome on climate policy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the details on this story and more in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Methane emissions are getting some<\/strong><strong> ink ahead of COP29 as emissions reach record levels despite offset pledges. <\/strong>The International Methane Emissions Observatory (IMEO) flagged over 1.1k methane plumes since 2022, yet only a small fraction of these emissions have been successfully addressed. Methane, a potent greenhouse gas 80 times more powerful than CO2 in the shorter term, remains at near-record levels, with global concentrations rising faster than ever. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industry action is limited: <\/strong>IMEO identifies methane leaks using satellite data to help nearly 160 nations fulfill a pledge to cut emissions by 30% by 2030. However, actions taken by companies and governments following IMEO alerts have been minimal, Manfredi Caltagirone, the head of the organization, said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There may be other culprits, and the worst of them could be a new feedback loop: <\/strong>One study \u2014 published in October in the Proceedings of the National Academy of Sciences \u2014 suggests that the main culprit for the greenhouse gas\u2019 dramatic growth in the atmosphere is microbes \u2013 which exist in cattle guts, wetlands, waste, and agricultural land. The study warns, however, of a possible feedback loop in which previous emissions are leading to microbial multiplication at faster rates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/methane-satellite-monitoring-ghgsat-climate-change-c5bdd53058cdcbf0c83a6a1080398222\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-11-04\/cop29-methane-pledges-aren-t-yet-reducing-emissions?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/climate-environment\/2024\/11\/04\/methane-emissions-microbes-climate-change\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is hosting the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\" rel=\"noopener\">World Urban<\/a><\/strong><strong> until <\/strong><strong>Friday, 8 November<\/strong>, in Cairo. The forum, established by the UN and one of its largest non-legislative events, will center around the effect of rapid urbanization on communities, economies, climate change, and policies and will bring together government representatives, academics, business people, urban planners, and more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>South Africa will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/criticalmineralsafrica.com\/\" style=\"\" rel=\"noopener\">Critical Mineral Africa Summit<\/a><\/strong><strong> tomorrow and Thursday<\/strong> in Cape Town. The summit aims to attract critical minerals investment to the continent and will be held alongside African Energy Week. The summit will be held in partnership with the Southern African-German Chamber of Commerce Partners representing Germany\u2019s increasing investments in southern Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">COP29 SCHEDULE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YOUR GUIDE TO COP- <\/strong>COP29 is starting next week. Here\u2019s a handy <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2891.pdf\" style=\"\" rel=\"noopener\">guide (pdf)<\/a> for the <a target=\"_blank\" href=\"https:\/\/www.climate-chance.org\/en\/event-calendar\/cop29-baku\/\" style=\"\" rel=\"noopener\">main<\/a><a target=\"_blank\" href=\"https:\/\/www.climate-chance.org\/en\/event-calendar\/cop29-baku\/\" style=\"\" rel=\"noopener\">thematic days<\/a> and what to expect and a full rundown of all the panels, workshops, discussions, debates, and keynote speeches.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DAYS TO LOOK FORWARD TO-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>12-13 November:<\/strong> World Leaders Climate Action Summit<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>14 November:<\/strong> Finance, Investment and Trade<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>15 November:<\/strong> Energy, Peace, Relief and Recovery<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>19 November:<\/strong> Food, Agriculture and Water<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>21 November:<\/strong> Nature and Biodiversity, Oceans and Coastal Zones<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>22 November:<\/strong> Final Negotiations<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong>#1- Turkey\u2019s Energy Ministry issued a new YEKA solar tender <\/strong><strong>allocating 800 MW for six projects across six provinces<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/enerji.gov.tr\/news-detail?id=21392\" style=\"\" rel=\"noopener\">official statement<\/a>. Applications for the solar tender will open on 27 January, 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Turkish companies and foreign firms classified as capital companies can participate. The projects will have a ceiling price of USD 55 per MWh and a floor price of USD 32.5 per MWh. Additionally, a 20-year electricity purchase period will follow an initial five-year freemarket sales period. The projects\u2019 capacities range from as low as 30 MW, as in the cases of the Antalya and K\u00fctahya plants, and as high as 385 MW for the Karap\u0131nar farm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Turkey just published its 2035 Renewable Energy Roadmap:<\/strong> This is the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7cf14cba-6fcf-4845-b1c7-29922edcbfb3\/turkey%E2%80%99s-enerjisa-uretim-bags-usd-1-bn-loan-for-wind-projects-%2B-more-yeka-tenders-coming\" style=\"\" rel=\"noopener\">second YEKA tender<\/a> the country released after its recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/487db4e7-1985-4a2d-8e0a-fd85eb154638\/%253cmark%253eturkey%253c%2Fmark%253e-aims-high-in-its-2035-renewable-energy-roadmap,-revamps-tender-process\" style=\"\" rel=\"noopener\">announced renewable energy roadmap<\/a> \u2014 which targets 120 GW in combined solar and wind capacity by 2035. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong>#2- <\/strong><strong>GE <\/strong><strong>Vernova completes decarbonization FEED for major Saudi gas <\/strong><strong>plants<\/strong><strong>:<\/strong> GE Vernova and Saudi Arabia\u2019s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo) have completed three Front-End Engineering Design (FEED) studies aimed at identifying the best techniques to lower carbon emissions from <a target=\"_blank\" href=\"https:\/\/corporate.enelx.com\/en\/question-and-answers\/what-are-cogeneration-systems\" style=\"\" rel=\"noopener\">three cogeneration plants<\/a> in Saudi Arabia, according to a <a target=\"_blank\" href=\"https:\/\/www.gevernova.com\/news\/press-releases\/ge-vernova-completes-feed-studies-how-reduce-carbon-emissions-three-power-plants\" style=\"\" rel=\"noopener\">press release<\/a>. The plants are mainly powered by GE Vernova\u2019s 7E and 7F gas turbines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among the study\u2019s recommendations:<\/strong> The study looked at potentially shifting shifting operations to use a blend of hydrogen and natural gas and delivered recommendations on needed modifications for the plants' combustion systems to make the transition. The study also recommended the use of Vernova\u2019s Exhaust Gas Recirculation (EGR) system for carbon capture, utilization, and storage (CCUS) to achieve the Saudi company\u2019s target of reducing emissions by 95% and said that the EGR system could potentially reduce the fixed cost of the CCUS facility by over 7% and the annual operational costs by 6%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plants: <\/strong>The <a target=\"_blank\" href=\"https:\/\/corporate.enelx.com\/en\/question-and-answers\/what-are-cogeneration-systems\" style=\"\" rel=\"noopener\">cogeneration<\/a> plants \u2014 maintained and operated by ASHOMCo \u2014 are owned by the Aramco-backed special-purpose company Power Cogeneration Plant Company. Together, the plants deliver up to 920 MW of power and 1400 tons\/hr of steam. PCPC has been in a 20-year power purchase agreement with the state-owned Aramco since the mid-2010s. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>#3- Supporting Egypt\u2019s objectives in \u201cgreening the economy\u201d is one of three main <\/strong><strong>areas <\/strong><strong>tha<\/strong><strong>t will be discussed during the IMF\u2019s fourth review of Egypt\u2019s IMF loan program<\/strong>, which will begin today, IMF chief Kristalina Georgieva said in a presser attended by EnterpriseAM on Sunday. Private sector support and financial and macroeconomic stabilization were the other two areas. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could Egypt finally unlock climate financing from the IMF? <\/strong>The IMF team will be discussing green financing through its Resilience and Sustainability Facility next week, Georgieva said. The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce01f29c-8a4e-43ba-ac77-91e06d5c9990\/imf-to-begin-fourth-loan-review-by-october-at-the-latest\" style=\"\" rel=\"noopener\">applied for an additional USD 1.2 bn<\/a> in long-term, low-cost climate financing from the IMF's Resilience and Sustainability Facility back in August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- A MoU between Austria and Egypt on renewable energy and<\/strong><strong> green hydrogen is in the works<\/strong>, Austrian Commercial Counsellor Georg Krenn told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/11\/03\/1839721\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The Egyptian government\u2019s incentives and tax breaks for the clean energy sector are particularly attractive for several Austrian companies, added Krenn. The MoU could be ready around March 2025 during a scheduled Cairo visit by a delegation of representatives from more than 15 Austrian companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Acwa Power is looking to triple its production capacity to 180 GW by 2030<\/strong>, and also increase its desalination production to 8 mn cubic meters per day \u2014 making it the world\u2019s largest private desalination company, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1765149\" style=\"\" rel=\"noopener\">Argaam<\/a> quotes its CTO Bart Bosmans as saying. The renewables giant\u2019s investments are split right down the middle in their distribution across local and foreign markets, Bosmans said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The Saudi Power Procurement Company initiated the bidding process for four battery<\/strong><strong> energy storage projects<\/strong> located in the Makkah, Qassim, and Hail regions, each with a capacity of 500 MW and a storage duration of four hours, according to <a target=\"_blank\" href=\"https:\/\/spb.com.sa\/ar\/%d8%a7%d9%84%d8%b4%d8%b1%d9%83%d8%a9-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9-%d9%84%d8%b4%d8%b1%d8%a7%d8%a1-%d8%a7%d9%84%d8%b7%d8%a7%d9%82%d8%a9-%d8%a7%d9%84%d9%85%d8%b4%d8%aa%d8%b1%d9%8a-3\/\" style=\"\" rel=\"noopener\">a statement<\/a>. The selected bidders will have full ownership and will develop the projects under a build-own-operate model. Each project will be part of a 15-year agreement with the main buyer, the statement read. No details regarding the investment tickets were disclosed. The project is part of the Energy Ministry\u2019s national renewable energy <a target=\"_blank\" href=\"https:\/\/powersaudiarabia.com.sa\/web\/index.html\" style=\"\" rel=\"noopener\">program<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E-waste could \u201cescalate beyond control\u201d due to AI demand: <\/strong>As demand for generative AI surges, electronic waste (e-waste) is expected to reach 1.2-50 mn metric tons by 2030 as well, according to a <a target=\"_blank\" href=\"https:\/\/www.nature.com\/articles\/s43588-024-00712-6\" style=\"\" rel=\"noopener\">study<\/a> published in Nature Computational Science. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The study found that e-waste could reach five mn tons per year, but the scientists believe<\/strong><strong> their projections could actually be an underestimation<\/strong> as the AI industry grows rapidly and server turnover due to operational cost reductions accelerates. According to the <a target=\"_blank\" href=\"https:\/\/www.technologyreview.com\/2024\/10\/28\/1106316\/ai-e-waste\/#:~:text=Equipment%20used%20to%20train%20and,fraction%20of%20the%20global%20total.&text=Generative%20AI%20could%20account%20for,according%20to%20a%20new%20study.\" style=\"\" rel=\"noopener\">MIT Technology Review<\/a>, this would account for 12% of the annual e-waste generated by the world each year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are ways to reduce e-waste: <\/strong>The study recommended developing a circular economy, which could lead to a 16-86% reduction in e-waste generated. Part of this would include prolonging the use of existing products to delay replacement, refurbishing, and reusing components, and extracting valuable materials through recycling. Designing the products in a way that makes recycling and refurbishing easier could be key, the study\u2019s co-author Asaf Tzachor told MIT Technology Review.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is e-waste? <\/strong>E-waste refers to waste from electrical and electronic equipment and accounts for 5% of all solid waste, according to <a target=\"_blank\" href=\"https:\/\/www.britannica.com\/technology\/electronic-waste\" style=\"\" rel=\"noopener\">Britannica<\/a>. In the case of AI-linked e-waste, this could include GPUs, CPUs, and memory and storage devices. The waste often contains harmful substances, such as lead, mercury, and chromium, that damage health and the environment. At the same time, there are useful materials that can be recovered, including copper, gold, aluminum, and rare earth elements, which sets it apart from regular municipal waste. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There have been efforts to reduce e-waste in the region: <\/strong>Tadweeer signed last year a  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e90027e-6339-40ba-a7a1-129567322106\" style=\"\" rel=\"noopener\">USD<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e90027e-6339-40ba-a7a1-129567322106\" style=\"\" rel=\"noopener\">11.36<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3e90027e-6339-40ba-a7a1-129567322106\" style=\"\" rel=\"noopener\">mn agreement<\/a>  with KSA-based firms Tebrak Trading & Contracting Company and Mounes Mohamed Alshayeb for Civil Construction for the development of e-waste repurposing plants in Saudi. Egypt\u2019s government also recently said a group of Mauritian investors was exploring the possibility of constructing a  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e0ccd1a7-bfd6-402d-b1ac-d9dc5ddf6c44\/today:-the-un-forges-ahead-with-a-new-pact-for-the-future\" style=\"\" rel=\"noopener\">large-scale electronic waste recycling facility<\/a>  in Egypt to extract gold, platinum, silver, palladium, and copper from electronic devices and convert plastic waste into fuel. Last May, UAE-based waste management company Tadweer Group  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/91b72f62-7bd8-4e52-b264-3f365f0dc317\/dubal-snaps-up-majority-stake-in-biodiesel-manufacturer-biod\" style=\"\" rel=\"noopener\">acquired 100%<\/a>  of the Dubai-based e-waste specialist Enviroserve \u2014 dubbed as the only integrated e-waste processor in the Middle East, Africa, and the Caucasus region.<\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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 target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<br \/><strong>YOU\u2019RE READING EnterpriseAM Climate, the essential MENA publication for senior <\/strong><strong>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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Climate is available without charge <\/strong>thanks to the generous support of our friends at HSBC and Infinity Power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":87768,"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":[68,74,40,11,164,39,415,159,42,191,43,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-carbon-storage","tag-decarbonization","tag-egypt","tag-enterpriseclimate","tag-green-finance","tag-green-hydrogen","tag-interconnector-projects","tag-saudi-arabia","tag-solar-energy","tag-turkey","tag-what-were-tracking-today","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"f85339c2-ff57-44c9-83ba-3f4adc4d96b3","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/11\/346.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: IFC supports Turkish cement producer\u2019s decarbonization efforts + World GDP at risk if mitigation investments remain low","related_issue":[87765],"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\/11\/.7541b0bf-b91a-472c-8a04-8676ac94d1db.mp3"},"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: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low - 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\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low\" \/>\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\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.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=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low\",\"datePublished\":\"2024-11-05T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/\"},\"wordCount\":1690,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1\",\"keywords\":[\"CARBON STORAGE\",\"decarbonization\",\"Egypt\",\"EnterpriseClimate\",\"green finance\",\"green hydrogen\",\"interconnector projects\",\"Saudi Arabia\",\"solar energy\",\"Turkey\",\"WHAT WE\u2019RE TRACKING TODAY\",\"Wind Energy\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/\",\"name\":\"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-05T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low\"}]},{\"@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: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low - 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\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/","og_locale":"en_US","og_type":"article","og_title":"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low","og_description":"What we\u2019re tracking this morning regionally and around the world","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/","og_site_name":"Climate","article_published_time":"2024-11-05T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.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":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low","datePublished":"2024-11-05T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/"},"wordCount":1690,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1","keywords":["CARBON STORAGE","decarbonization","Egypt","EnterpriseClimate","green finance","green hydrogen","interconnector projects","Saudi Arabia","solar energy","Turkey","WHAT WE\u2019RE TRACKING TODAY","Wind Energy"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/","name":"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1","datePublished":"2024-11-05T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/05\/today-ifc-supports-turkeys-cimsa-cimentos-decarbonization-plan-world-gdp-at-risk-if-mitigation-investments-remain-low\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"TODAY: IFC supports Turkey\u2019s \u00c7imsa \u00c7imento\u2019s decarbonization plan + World GDP at risk if mitigation investments remain low"}]},{"@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\/11\/346.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/346.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\/11\/346.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-mPB","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/87767","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=87767"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/87767\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/87765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/87768"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=87767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=87767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=87767"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=87767"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=87767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}