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‧Masdar Planning New Green Bond Launch for 2025
Masdar, the renewable energy subsidiary of Abu Dhabi's Mubadala Investment Company, is gearing up to launch a new green bond as part of its strategic financing efforts aimed at expanding its renewable energy portfolio. Chief Financial Officer, Mohamed Jameel Al Ramahi, …
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‧Abu Dhabi Invites Bids for 1.5GW Al-Zarraf Solar Project
A significant step towards enhancing its renewable energy landscape has been initiated by Abu Dhabi, as it officially announced the launch of a competitive bidding process for the 1.5-gigawatt (GW) Al-Zarraf solar independent power project (IPP). This initiative aligns with…
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‧ADQ Teams Up with EQTY Lab to Advance Climate Solutions
Abu Dhabi Developmental Holding Company (ADQ) has announced a strategic partnership with Swiss artificial intelligence firm EQTY Lab to enhance climate solutions across diverse sectors. This collaboration aims to utilize AI and data analytics to facilitate a sustainable fut…
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‧UK Fleet Biofuel Transition Cuts dnata’s CO2 Emissions by 2,400 Tonnes
A significant shift to biofuels for dnata’s UK operations has resulted in a reduction of over 2,400 tonnes of carbon dioxide emissions annually. This transition aligns with the global push for more sustainable practices in the aviation industry and highlights dnata’s commit…
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‧Middle East Consumers Factor Climate and Inflation into Choices
Consumer behavior in the Middle East is evolving significantly, driven by a complex interplay of climate change concerns and rising inflation. A recent survey conducted by PwC reveals that while economic pressures are palpable, consumers are increasingly willing to pay a pr…
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‧COP29 Countdown Sparks Global Momentum for Climate Action
Preparations for the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change are gathering pace, with significant emphasis on collaborative strategies to implement the UAE Consensus. Scheduled to be held in Abu Dhabi from November…
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‧Masdar Expands Renewables Presence in the U.S. with Terra-Gen Deal
Masdar, a prominent clean energy company based in Abu Dhabi, has intensified its commitment to renewable energy in the United States by acquiring a 50% stake in Terra-Gen, a leading independent power producer (IPP). This strategic investment, valued at approximately $1 bill…
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‧Adnoc Drilling Launches Major $1.7 Billion Initiative
Adnoc Drilling has initiated a significant campaign targeting unconventional oil and gas resources, with an investment exceeding $1.7 billion. This move underscores the company's commitment to expanding its operational capabilities and enhancing its production capacity …
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‧Millions rely on Mississippi River as drought threatens vital waterway
The Mississippi River, a lifeline for the American Midwest, faces severe water shortages as persistent drought conditions continue to affect its flow. The river, spanning 2,340 miles from Minnesota to the Gulf of Mexico, supports a vast network of industries, including agri…
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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…