Sustainability

OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives

The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation

Emirates NBD launches $500 million sustainability bond on Nasdaq Dubai

The bond is the world’s first SLLB issued under the new ICMA/LMA framework

DEWA’s Green Hydrogen Project cuts CO2 emissions by over 40 tons in transportation sector

The station can fuel about 50 fuel-cell electric vehicles in roughly eight minutes each

COP16 Riyadh: UAE concludes participation, spotlights key climate initiatives

The UAE delegation at COP16 highlighted key national initiatives including ‘Plant the Emirates’ and the Mangrove Alliance for Climate

The UAE hikes its climate ambitions in submission to the UN

In its updated NDC, the country aims to reduce greenhouse gas emissions by 47 percent by 2035 compared to 2019 levels

How Siemens Energy powers the UAE’s net-zero journey

From partnering with key organizations like ADNOC and DEWA to preparing the Emirati youth

Powering the future: Masdar paves the way for a greener world

Charting a global path to clean energy leadership through innovation, strategic partnerships, and a relentless commitment to sustainability

EMSTEEL takes lead in embracing sustainability

UAE’s leading steel and building materials manufacturer was recently appointed as co-chair of the Alliance for Industry Decarbonization

ADFW 2024: World Bank commends UAE efforts in tackling global climate challenges

The World Bank is committed to achieving the SDGs and highlights the importance of collaborating with the UAE 

ADFW 2024: Abu Dhabi Sustainable Finance Forum concludes 4-day event

This year’s forum involved high-level discussions on achieving both the UAE and the world's sustainable transition

UAE healthcare sector aims for 20 percent carbon emission reduction by 2030: Report

New study urges healthcare to adopt sustainability to reduce emissions, energy use, and waste

Hard-to-abate sectors cut emissions, but still offtrack for net-zero targets: Report

Interestingly, the these industries achieved a 0.9 percent reduction in absolute emissions from 2022 to 2023

Climate hazards can cost 7 percent of corporate earnings annually by 2035: Report

Green markets are projected to expand from $5 trillion to $14 trillion by 2030, creating opportunities for early movers

COP16 Riyadh: IsDB provides over $4.4 billion in financing to projects aligned with UNCCD

IsDB has exceeded its climate action target of dedicating 35 percent of its financing to climate initiatives and projects by 2025

UAE accelerates efforts towards implementing Circular Economy Policy 2021-2031

The council reviewed the most important milestones achieved by the UAE in its transition towards a circular economy model

Dubai’s green hydrogen production reduces 450 tonnes of CO2 emissions

The project produces about 20 kilogrammes of hydrogen per hour

COP16 Riyadh: Saudi Arabia launches Riyadh Action Agenda to accelerate land restoration

The UNCCD estimates that by 2050, crop yields could decline by 10 percent globally and 50 percent in the worst-hit regions

Qatar launches green bonds trading on London Stock Exchange

Ministry of Finance launched the green bonds with the aim of financing environmentally friendly projects

DIFC announces decarbonization strategy, achieving Net Zero by 2045

DIFC targets reducing emissions in areas it directly controls relating to its operations, construction activities and supply chain

COP16 Riyadh: Arab Coordination Group commits $10 billion by 2030 to combat desertification, land degradation

This commitment aims to enhance land restoration, climate resilience, and nature-positive development

The economic impact of land degradation: Why $1 billion daily investments are crucial

$2.6 trillion is needed by 2030 to restore over one billion hectares of degraded land and improve drought resilience

New Murabba launches ESG and decarbonization strategies aligned with Vision 2030

These frameworks demonstrate the company's commitment to sustainable development

Saudi Arabia Crown Prince launches National Red Sea Sustainability Strategy

Strategy aims to increase the coverage of marine and coastal protected areas from 3 percent to 30 percent by 2030

COP16 Riyadh: NEOM green hydrogen facility to meet 10 percent of global production targets

Facility supports the goals of the Saudi Green Initiative to promote clean energy sources and reduce carbon emissions