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‧Dubai International Airport Secures Global Sustainability Certification
Dubai International Airport (DXB) has attained a significant milestone in its sustainability efforts by receiving the Airport Carbon Accreditation (ACA) certification at the "Level 3+ Neutrality" stage. This recognition places DXB among a select group of internati…
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‧ACWA Power Secures $1.78 Billion in Renewable Energy Projects
Saudi Arabia’s ACWA Power has made a significant leap in the renewable energy sector by securing deals worth over $1.78 billion, aimed at bolstering its portfolio in renewable energy and battery storage projects. These agreements come as part of the company's strategy t…
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‧Arctic Polar Bears Face Mobility Challenges as Ice Buildup Causes Paw Injuries
Arctic polar bears, facing shifting ice conditions and warmer temperatures, are increasingly suffering from painful injuries caused by ice accumulation on their paws, according to recent findings from wildlife research in northern Canada and Greenland. The study, which obse…
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‧BRICS Leaders Seek Swift Action on Land Degradation
Amid growing environmental threats, BRICS leaders are pushing for urgent measures to combat land degradation, a phenomenon severely impacting ecosystems and communities worldwide. The upcoming UN Land Degradation and Drought conference, scheduled for early next year, aims t…
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‧HSBC Unveils Sustainable Loan for Mid-Sized Corporates
HSBC has launched a sustainability improvement loan targeting mid-sized corporates in the UAE, Egypt, Qatar, and Bahrain, marking a significant step in promoting environmentally responsible business practices in the region. This initiative aims to support companies striving…
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‧Saudi Arabia Launches First Hydrogen-Powered Taxi Initiative
A groundbreaking pilot project for hydrogen-powered taxis has been launched in Saudi Arabia, marking a significant stride towards sustainable transportation solutions in the region. This initiative aims to demonstrate the feasibility and efficiency of hydrogen as a clean fu…
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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…