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‧Wind Power Shortfall Impedes Global Green Energy Ambitions
A significant slowdown in wind power development is hindering the world's efforts to meet renewable energy goals, particularly as nations strive to cut carbon emissions in line with climate agreements. Wind energy, once seen as a pivotal solution to transitioning away f…
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‧UAE, Rajasthan Government Sign Landmark Agreement for 60 GW Renewable Energy Project
A landmark agreement between the UAE and the Government of Rajasthan has been signed, marking a significant development in India's renewable energy sector. The Memorandum of Understanding (MoU) involves a massive ₹3 lakh crore ($36 billion) investment by the UAE, with t…
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‧Hedge Funds Take Bold Positions Against Renewable Investments
Hedge funds are increasingly betting against the renewable energy sector, raising concerns over the viability of green investments. As climate change initiatives gain momentum and governments around the world push for a transition to clean energy, a growing number of hedge …
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‧Climate Change Drives Surge in Fish Diseases, Threatening Global Aquatic Ecosystems
Global warming is reshaping ecosystems, with one of the more pressing concerns being its profound impact on aquatic environments. As water temperatures rise, fish diseases are proliferating at alarming rates, placing aquaculture and wild fish populations at greater risk. Th…
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‧Adnoc-Fertiglobe Deal Expands Ammonia Contracts, CEO Signals Future Growth
Fertiglobe, a joint venture between Adnoc and OCI, has positioned itself for a significant expansion in long-term ammonia contracts following Adnoc's acquisition of a 25% stake from OCI. This move strengthens Fertiglobe's ambitions in the global clean ammonia sector…
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‧Middle East Green Initiative Welcomes New Members
A coalition of eleven nations has committed to the Middle East Green Initiative, aimed at addressing climate change and promoting sustainable development across the region. This significant expansion follows a recent summit where leaders gathered to discuss collaboration on…
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‧Baltic Eagle Wind Farm Completes Turbine Installation Milestone
Masdar and Iberdrola have successfully completed the installation of the final turbine for the Baltic Eagle wind farm, a significant offshore renewable energy project located in the Baltic Sea. This marks a major milestone in the 476 MW venture, which is set to enhance Euro…
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‧Lake Shore secures $143m green loan for Mumbai mall expansion
Lake Shore India Advisory, supported by the Abu Dhabi Investment Authority (ADIA), has successfully raised $143 million in a green loan to expand its Viviana Mall in Mumbai. This move aligns with the growing trend of sustainable financing in the commercial real estate secto…
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‧Ardian Explores Green Hydrogen Co-Investments with Masdar, PIF
Ardian, a global investment firm, is reportedly evaluating potential co-investment opportunities in the green hydrogen sector alongside two prominent players: Masdar and the Public Investment Fund (PIF) of Saudi Arabia. This collaborative venture could significantly impact …
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‧Emirates Transport to Launch Hydrogen and Electric Vehicle Trials
Emirates Transport is set to embark on a pioneering initiative to pilot test hydrogen and electric vehicles as part of its strategy to transition toward sustainable transportation. This ambitious project aligns with the UAE's broader commitment to reducing carbon emissi…
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‧Middle East Achieves $16.7 Billion in Sustainable Bonds This Year
The Middle East saw an impressive surge in sustainable bond issuances, reaching a total of $16.7 billion in the first three quarters of 2024, according to S&P Global Ratings. This figure reflects the growing commitment of governments and corporations in the region to fi…
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‧Middle East Leaders Prioritize Climate Change Initiatives
Executives in the Middle East are increasingly viewing climate change as a top priority, as highlighted by a comprehensive study examining corporate attitudes towards environmental sustainability. This shift is driven by the recognition that climate change poses significant…
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‧Saudi Arabia Set to Open Airports for Private Management
Minister of Investment Khalid Al-Falih revealed plans for the management of four Saudi airports by the private sector starting in 2025. Speaking at the inaugural Global Logistics Forum held at the King Abdullah Financial Center in Riyadh, Al-Falih emphasized the initiative&…
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‧UAE Surpasses Renewable Energy Goals for 2030, IEA Reports
Ambitious renewable energy goals set by the UAE have not only been met but are expected to be exceeded by 2030, according to a recent report from the International Energy Agency (IEA). The report highlights the nation’s strategic investments and policies that have accelerat…
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‧Etihad Rail embarks on green energy revolution with solar terminal
Etihad Rail has taken a bold step toward sustainable operations by initiating a solar-powered freight terminal at Ghuweifat. This project, developed in partnership with Emerge, marks a milestone in the UAE's commitment to green energy as part of the nation's broader…
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‧ADT and Urbanloop Join Forces to Explore Sustainable Urban Transport Solutions in the UAE
A strategic partnership between Abu Dhabi Terminals (ADT) and the French tech company Urbanloop has been established to explore sustainable and innovative urban mobility solutions in the UAE. This collaboration marks a significant step toward addressing the growing need for…
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‧COP28 President Urges Global Action on UAE Climate Consensus
COP28 President Sultan Al Jaber has called on world leaders to fully implement the "UAE Consensus," a pivotal roadmap designed to accelerate climate action and socio-economic development. Addressing the Pre-COP29 session, Al Jaber emphasized the urgency of buildin…
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‧ING Appoints Jonathan Keyes to Lead Sustainable Finance in Middle East
Jonathan Keyes has been appointed as the Head of Sustainable Finance for the Middle East by ING, the Dutch multinational banking and financial services corporation. This strategic move aligns with ING's commitment to promoting sustainability and supporting clients in th…
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‧Saudi Arabia pushes forward with $10bn green hydrogen investment
Saudi Arabia is positioning itself at the forefront of green hydrogen production, with its Public Investment Fund (PIF) leading a $10 billion push into the sector. As part of Vision 2030, the Kingdom is leveraging its renewable energy resources—chiefly solar and wind power—…
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‧Climate Change Faces Impact from Israel-Gaza Conflict
Escalating hostilities between Israel and Gaza are revealing not only humanitarian crises but also hidden environmental costs that threaten long-term climate stability in the region. As violence intensifies, the ecological impact exacerbates existing challenges posed by cli…
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‧Qatar Electricity and Water Company prepares 500 MW solar project to expand its green portfolio
Qatar Electricity and Water Company (QEWC) has announced its plans to develop a new solar power project with a capacity of 500 megawatts (MW), further reinforcing its commitment to sustainable energy. This venture aligns with Qatar’s broader push toward diversifying energy …