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‧Green Hydrogen Faces Economic Hurdles Amid High Production Costs
Green hydrogen, once heralded as a cornerstone of the global transition to clean energy, is encountering significant economic challenges due to its high production costs. This reality is prompting a reevaluation of its role in future energy strategies. A study from Harvard…
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‧Climate Change Amplifies Flooding Risks from Tropical Cyclones
Tropical cyclones, long known for their devastating flooding, are now expected to bring even greater risks as climate change accelerates. Recent studies examining past hurricanes suggest that under a warmer climate, the extent and intensity of flooding will grow significant…
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‧DP World Pioneers MENA's First $100 Million Blue Bond
DP World, the Dubai-based global logistics leader, has issued a $100 million Blue Bond, marking the Middle East and North Africa's inaugural corporate Blue Bond. This five-year bond, priced at a 5.25% coupon rate, aims to fund sustainable projects in marine transportati…
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‧ENOC and Drive Terra to Establish UAE's Largest E-Bike Battery Swapping Network
ENOC Group has announced a strategic partnership with Drive Terra to deploy an extensive battery swapping network across the United Arab Emirates. This initiative aims to revolutionize the e-bike infrastructure in the region, promoting sustainable transportation solutions a…
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‧China Launches First Factory-Scale Seawater Hydrogen Production Project
China has achieved a significant milestone in its clean energy efforts with the completion of the country's first factory-based seawater hydrogen production project at Sinopec's Qingdao Refinery. This groundbreaking initiative is poised to play a vital role in the n…
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‧Arab Coordination Group Commits $10 Billion to Combat Desertification by 2030
The Arab Coordination Group (ACG), an alliance of ten prominent development finance institutions, has pledged up to $10 billion by 2030 to address the escalating challenges of land degradation, desertification, and drought. This significant commitment was announced during t…
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‧Adnoc Expands Fujairah CO2 Project with Advanced Technology
Adnoc, in collaboration with 44.01, Masdar, and the Fujairah Natural Resources Corporation, is entering a new phase of its groundbreaking carbon-to-rock initiative in Fujairah. Following a successful pilot using Earthshot prize-winning technology, the project aims to transf…
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‧UAE Opens Landmark Lithium Battery Recycling Plant
A fully integrated lithium battery recycling plant, the first of its kind in the UAE, has been inaugurated at Dubai Industrial City as part of the country's ambitious sustainability drive. Operated by Dubatt Battery Recycling, the facility aims to transform battery wast…
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‧Oman Accelerates Green Hydrogen Ambitions Despite Challenges
Oman remains steadfast in its commitment to becoming a global leader in green hydrogen production, despite facing a range of challenges in its pursuit of an energy transition. The Gulf nation is tapping into its vast renewable energy potential to position itself as a key pl…
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‧Saudi Arabia Launches Global Sandstorm Monitoring Initiative
Saudi Arabia has unveiled an ambitious initiative aimed at enhancing global capabilities in forecasting and mitigating the effects of sand and dust storms. The program, introduced during the 16th session of the United Nations Convention to Combat Desertification (COP16) in …
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‧Egypt explores local green and Islamic bonds to boost markets
Egypt has announced plans to issue green bonds and Islamic sukuk domestically, aiming to attract diverse investors and expand its financial instruments. Finance Minister Ahmed Kouchouk revealed that the government is preparing to float bonds valued between EGP 5 billion and…
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‧Saudi Arabia Establishes National Sustainability Committee
Saudi Arabia has taken a significant step toward its environmental ambitions by officially launching the National Sustainability Committee. The initiative, which aligns with the Kingdom’s Vision 2030 reform program, aims to spearhead the country’s efforts in sustainability,…
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‧Abu Dhabi's Strategic Climate Tech Partnership Takes Shape
The Abu Dhabi Investment Office (ADIO) has taken a decisive step in advancing sustainability through a collaboration with Partanna, a Bahamian climate technology firm. This initiative not only brings Partanna's regional headquarters to Abu Dhabi but also establishes a m…
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‧DIFC outlines roadmap to reach Net Zero by 2045
The Dubai International Financial Centre (DIFC) has unveiled its ambitious decarbonisation strategy, aiming to achieve Net Zero emissions by 2045. The strategy aligns with the UAE's national goals to reduce carbon emissions and foster sustainability within the financial…
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‧Saudi Presidency Urges Private Sector Action on Land Restoration Funding
Saudi Arabia's presidency of COP16 has spotlighted the pressing need for enhanced funding for land restoration, urging the private sector to take a leading role in addressing the critical financial shortfall. As the world confronts escalating environmental challenges, t…
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‧Global Drought Initiative Secures $12 Billion in Funding
Efforts to mitigate the escalating impact of drought across the globe received a significant boost as the Global Drought Resilience Partnership announced a substantial funding commitment of $12 billion. The initiative aims to address water scarcity and bolster the resilienc…
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‧Saudi Aramco Drives Global Emissions Reduction Efforts with CCS Hub
Saudi Aramco, the world’s leading energy firm, has unveiled plans to establish one of the largest carbon capture and storage (CCS) hubs in Jubail. The project is part of the company’s ambitious initiative to tackle carbon emissions and advance global decarbonization efforts…
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‧Global Collaboration Intensifies at COP16 to Combat Desertification
A pivotal global conference, COP16 of the UN Convention to Combat Desertification (UNCCD), has commenced in Riyadh, marking a significant step in addressing environmental degradation and climate change. This event, the largest multilateral gathering hosted by Saudi Arabia, …
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‧Climate Action Relies on Global Cooperation, Says UAE Leader
Addressing the escalating global climate crisis, His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, emphasized that the solution to the planet’s climate challenges lies in communication and cooperation across borders. Speaking at a key su…
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‧Masdar Completes Major Stake Acquisition in TERNA ENERGY
Masdar, a global leader in renewable energy, has finalized its acquisition of a 70% stake in TERNA ENERGY SA, a prominent Greek clean energy company. This transaction, priced at €20 per share, positions TERNA ENERGY at an enterprise value of €3.2 billion, marking the most s…