{"id":87961,"date":"2024-11-13T00:00:00","date_gmt":"2024-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/un-backed-ita-cooperates-with-uae-and-bahrain-to-boost-decarbonization\/"},"modified":"2024-11-13T00:00:00","modified_gmt":"2024-11-13T00:00:00","slug":"un-backed-ita-cooperates-with-uae-and-bahrain-to-boost-decarbonization","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/13\/un-backed-ita-cooperates-with-uae-and-bahrain-to-boost-decarbonization\/","title":{"rendered":"UN-backed ITA cooperates with UAE and Bahrain to boost decarbonization"},"content":{"rendered":"

ITA partners with UAE and Bahrain to boost MENA industrial<\/strong> decarbonization: <\/strong>The Industrial Transition Accelerator (ITA)<\/a> launched partnerships with the UAE and Bahrain to accelerate industrial decarbonization across the MENA region, Bahrain News Agency<\/a> reports. The UAE\u2019s Industry and Advanced Technology Ministry and Bahrain\u2019s Industry and Commerce Ministry are the ITA's inaugural partners in the region. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Who\u2019s involved? <\/strong>UAE-based companies EMSteel, Emirates Global Aluminium, and Arabian Gulf Steel Industries (AGSI) signed on as formal partners. EMSteel is piloting green hydrogen to produce low-carbon steel with Masdar, while Emirates Global Aluminium and AGSI emphasize collaboration to address shared decarbonization challenges and improve policy frameworks for sustainable solutions.<\/p>\n

REFRESHER- <\/strong>The ITA was launched in December 2023<\/a> at the World Climate Action Summit and aims to gather investment to bolster decarbonization efforts in heavy-emitting industries \u2014 aluminum, cement, chemicals, steel, shipping, and aviation. The accelerator also supports scaling clean industrial projects to help them reach final investment decisions.<\/p>\n

What will it do? <\/strong>The ITA aims to support large-scale industrial projects to reach Final Investment Decisions (FID) by 2026 and become operational by 2030, a critical timeline to meet Paris Agreement goals, BNA reports. Through its Mission Possible Partnership (MPP) Global Project Tracker, ITA has identified key net-zero aligned projects in the UAE, which, if realized, could meet 30% of the UAE\u2019s 2030 climate target. ITA provides tailored support, helping address policy needs, stimulate demand for green goods, and build low-emissions value chains to de-risk investments. <\/p>\n","protected":false},"excerpt":{"rendered":"

The ITA is partnering with EMSteel, Emirates Global Aluminium, and Arabian Gulf Steel Industries.<\/p>\n","protected":false},"author":1,"featured_media":87962,"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":[62],"tags":[82,61,74,11,52,56],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-diplomacy","tag-bahrain","tag-climate-diplomacy","tag-decarbonization","tag-enterpriseclimate","tag-uae","tag-un","wpautop","entry"],"acf":{"mongo_id":"181e9b7d-9059-4f91-80b6-4701f07d20bb","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1220.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UN-backed 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