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‧UAE bolsters Ghana’s climate and biodiversity goals with $30m commitment
The UAE has entered into a strategic $30 million agreement with Ghana, marking a significant partnership aimed at supporting biodiversity and climate initiatives. The collaborative framework focuses on climate resilience and environmental preservation, with a particular emp…
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‧UAE pledges $30m for Ghana’s environmental projects
The United Arab Emirates (UAE) has announced a $30 million commitment to bolster Ghana's climate and biodiversity initiatives. This funding marks a significant milestone in strengthening bilateral ties between the two countries while addressing global environmental chal…
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‧Saudi Arabia Advances with 4,500 MW Renewable Energy Initiatives
Saudi Arabia has commenced significant steps toward the development of renewable energy projects totaling 4,500 megawatts (MW) as part of its broader vision to diversify its energy resources and reduce its dependence on fossil fuels. This move aligns with the Kingdom's …
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‧Saudi Arabia Advocates Global Cooperation at COP16 Riyadh
COP16 Riyadh has emerged as a pivotal platform for discussing urgent global challenges, particularly land degradation. The conference, hosted by Saudi Arabia, aims to galvanize international action and foster collaborative strategies among nations to address the growing cri…
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‧Masdar targets Iberian renewables champion following strategic acquisitions
Abu Dhabi-based clean energy giant Masdar is expanding its footprint in the renewable energy sector with a major acquisition in the Iberian Peninsula. The company announced a $1.4 billion deal to acquire Saeta Yield, a renewables firm with significant wind and solar energy …
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‧UAE Reaffirms Commitment to Green Infrastructure, Mobilizing Private Capital
The UAE is pushing forward its ambitious agenda to transform its infrastructure and lead in climate action, leveraging public-private partnerships and significant capital mobilization efforts. The country’s leadership has emphasized that mobilizing private capital for green…
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‧EMSTEEL Group to Lead IRENA-Backed Decarbonisation Initiative
The global push for reducing industrial carbon emissions is gaining momentum as EMSTEEL Group has been named as a co-chair for the newly formed 'Alliance for Industry Decarbonisation' spearheaded by the International Renewable Energy Agency (IRENA). The alliance aim…
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‧HKBN Sets Ambitious Climate Goals Through Technology
HKBN Ltd. has made significant strides in its climate action commitment by achieving validation from the Science Based Targets initiative (SBTi). This milestone positions the company at the forefront of corporate sustainability efforts, aiming to substantially reduce its gr…
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‧Sinopec Charts Path for Green Transition with Innovation
Sinopec, one of China's leading oil and gas companies, has embarked on a comprehensive strategy aimed at reducing its carbon footprint while enhancing operational efficiency through innovation and collaboration with educational institutions. This initiative aligns with …
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‧Collaboration with Toyota Fuels Hydrogen Research at KAUST
Abdul Latif Jameel Motors and the King Abdullah University of Science and Technology (KAUST) have entered a groundbreaking partnership with Toyota to advance hydrogen fuel research. This collaboration aims to explore innovative approaches to sustainable energy, particularly…
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‧Oman Launches Study on Low-Carbon Fuel Bunkering
A significant development in the maritime industry is underway as Oman embarks on a comprehensive study aimed at establishing low-carbon fuel bunkering facilities. This initiative aligns with the global push toward sustainability and reducing carbon emissions within the shi…
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‧Qatar's Commercial Bank Launches Record Green CHF Bond
Commercial Bank of Qatar has achieved a significant milestone in sustainable finance by issuing its largest green bond, valued at 200 million Swiss francs (approximately $220 million). This issuance reflects the growing commitment to environmental sustainability in the Midd…
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‧Renewable Energy Investment Must Triple by 2030 to Meet Global Targets
The call for a significant increase in renewable energy investment to meet global climate goals has intensified. Dr. Sultan Al Jaber, the President of COP28, emphasized that global investments in renewable energy need to more than triple over the next six years to meet the …
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‧Oman's Push Toward Becoming a Global Low-Carbon Fuel Hub Accelerates
Oman's strategic efforts to position itself as a key player in the global low-carbon fuel bunkering market are gaining momentum. The collaboration between Asyad Group, OQ Alternative Energy, and Sumitomo Corporation Middle East marks a significant development in this dr…
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‧SUEZ, TAQA, and Siemens unite for a new wave of desalination projects in emerging markets
Global energy giants SUEZ, TAQA, and Siemens have joined forces in a pivotal collaboration aimed at revolutionizing desalination in emerging markets, where water scarcity continues to pose significant challenges. This consortium, blending the expertise of three industrial l…
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‧Brookfield secures $2.4 billion for UAE-backed climate initiative
Brookfield Asset Management has successfully raised $2.4 billion for its inaugural climate-focused fund, with backing from Abu Dhabi’s Mubadala Investment Company. This marks a pivotal step in Brookfield’s efforts to support global decarbonization projects. The first phase …
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‧Azerbaijan's Climate Fund Faces Challenges in Addressing Finance Gaps
Azerbaijan's announcement of a new climate fund aimed at addressing global climate challenges has sparked debate among experts and policymakers. While the initiative reflects a growing awareness of the need for urgent action in combating climate change, skepticism remai…
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‧Major Firms Qualify for Oman Wind Energy Projects
Oman’s Nama Power and Water Procurement Company (Nama PWP) has identified several prominent utility developers to spearhead the construction of five large-scale wind energy projects. This initiative marks a significant step in the nation’s efforts to diversify its energy so…
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‧World Bank boosts climate financing to record $42.6bn for fiscal 2024
World Bank's commitment to addressing global climate challenges reached an all-time high, with $42.6 billion in climate finance delivered during fiscal 2024. This marks a $4 billion increase from the previous fiscal year and highlights the institution’s efforts to align…