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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…
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‧Gulf Cryo Partners with Aramco for Lower-Carbon Hydrogen Testing
Gulf Cryo, a prominent player in gas solutions in the Middle East, has teamed up with Saudi Aramco to advance the development and assessment of lower-carbon hydrogen technologies. The collaboration focuses on testing hydrogen solutions with an emphasis on reducing carbon em…
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‧UAE plans large-scale solar projects to meet energy needs by 2030
The UAE is accelerating its efforts to expand solar power capacity, targeting several ambitious large-scale projects to meet the growing electricity demand and ensure energy sustainability. With a strong push towards renewable energy, the UAE aims to significantly increase …
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‧NTPC Green Energy shares soar 12% on strong debut
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd., made an impressive debut on stock exchanges, recording a 12% rise in its share price on the first day of trading. The shares opened at ₹102, aligning with the lower end of the IPO price band of ₹102-108, and close…
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‧Investment Strategies Need to Align with Sustainability Goals
Investment strategies must be aligned with global sustainability goals to ensure long-term growth that is both economically viable and environmentally responsible, according to James Zhan, chair of the World Investment Conference (WIC) executive board. His comments, made du…
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‧EU Eyes Stronger Green Energy Partnership with Saudi Arabia
The European Union is ramping up efforts to enhance its collaboration with Saudi Arabia in the field of green energy, seeking to bolster clean energy initiatives and investments. This push comes as part of broader EU objectives to reduce its reliance on fossil fuels, accele…
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‧ENEC and ADNOC to Pursue Nuclear Technology in Oil Sector
The Emirates Nuclear Energy Corporation (ENEC) and the Abu Dhabi National Oil Company (ADNOC) have announced a strategic partnership to explore the application of nuclear energy in the oil and gas sector. This collaboration marks a significant step toward expanding the use …
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‧Adani Group's Green Energy Ambitions Tied to U.S. Bribery Indictment
Gautam Adani, the Indian billionaire behind Adani Green Energy, is facing a significant legal challenge as U.S. authorities have charged him and two other executives in connection with a sprawling bribery scheme tied to the company’s massive renewable energy projects. On No…
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‧Bahrain Mall Advances Net Zero Goals with Solar Plant Partnership
A prominent shopping center in Bahrain has joined forces with Yellow Door Energy to launch a 4.7 MWp solar power plant, marking a significant step in the kingdom's efforts to achieve net-zero carbon emissions by 2060. The new solar plant, which will supply clean energy …