Sustainability

COP28 President urges global unity and action at COP29 to advance climate goals, build on UAE Consensus

The UAE Consensus serves as a crucial roadmap for fulfilling the aspirations of the Paris Agreement 

More than a marketplace: Rebound’s recycling platform is revolutionizing waste management

Boasting zero-percent commission, real-time certification, and environmental impact assessments

UAE’s ‘Plant the Emirates’ program to advance agriculture development, food security

Program seeks to advance agricultural technologies, build new partnerships with the private sector and expand green spaces

Hayat crowned winning solution of Mastercard Challenge on Financial Inclusion for the SDGs

Challenge highlighted the innovative potential of Bahrain’s youth, showcasing their ability to tackle complex global challenges

Abu Dhabi’s Masdar expands clean energy to 31.5 GW, generating 26,700 GWh and avoiding 14 million tons of CO2e

This is up from 10 million tons last year, equivalent to removing nearly 870,000 vehicles 

$1.1 billion available for investment, funding requests from member countries: World Green Economy Organization

Funds are sourced from private sector investors and organizations eager to invest in green economy projects

TAQA successfully prices $1.75 billion dual-tranche bonds

Part of the offering is a $850 million 12-year green bond, TAQA’s second under its green finance framework

Dubai Airports to launch mega rooftop solar project drive, set for completion by 2026

Project involves the installation of 62,904 solar panels across DXB and DWC airports to generate 60,346MWh annually

Parkin, Skyports partner to advance Dubai’s air taxi infrastructure

Partnership to support the expansion of air taxi services across Dubai

WEF introduces innovative digital platform to boost clean energy investments in emerging markets

The platform outlines 100 policy measures, financial mechanisms, and de-risking strategies from the past two decades

ADIPEC 2024: Global energy industry to explore role of AI, finance in energy transition

Three new conferences to feature new voices from finance, technology, youth and the Global South

DAMAC Properties strengthens commitment to sustainability at DEWA’s WETEX 2024 with innovative solutions

DAMAC launched its first Sustainability Report which highlights the organisation’s key ESG goals and vision

How robust sustainability reporting mobilizes investment in clean energy

The evolution of ESG reporting from a marketing tool to a critical investment criterion

Dubai’s EGA finalizes acquisition of majority stake in U.S. recycling company

This acquisition expands EGA's operations across four continents, from bauxite mining to aluminium recycling 

Abu Dhabi’s Masdar expands U.S. portfolio, acquires 50 percent stake in Terra-Gen

Masdar plans to build 100GW of capacity in its global renewable energy portfolio by 2030

UAE commits $30 million to boost Ghana’s biodiversity and climate initiatives

The framework outlines six key investment areas, including biodiversity corridors, reforestation

e&, UNDP to boost digital transformation for sustainable development in Arab states

Digital inclusion and universal access, transitioning to a more digital economy among key areas of collaboration

Governments allocate nearly $2 trillion in direct clean energy investment since 2020: IEA

This amount is nearly three times the funding committed after the financial crisis of 2007-08

UAE reaffirms commitment to advancing green infrastructure, private capital mobilization

Urgency of climate action demands that countries prioritize climate-resilient infrastructure while unlocking the potential of private capital

COP28 President calls for ambitious NDCs to keep 1.5°C goal within reach, drive socioeconomic growth

Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event

EtihadWE, Khalifa University join forces to enhance desalination and resource efficiency in the UAE

The agreement seeks to explore and evaluate advanced membrane technologies and improve water quality

UAE Central Bank raises country’s GDP growth forecast for 2024 to 4 percent, 6 percent for 2025

Growth in 2025 will be fueled by strong non-hydrocarbon momentum and a rise in hydrocarbon production 

Sheikh Mohamed strengthens UAE-U.S. relations through key dialogues with U.S. senators on shared interests, global challenges

Key focus areas included the economy, trade, climate action, AI, renewable energy, and sustainability

81 percent of new renewables cheaper than fossil fuels, saving $409 billion since 2000: IRENA

Solar PV costs plummet to 4 cents per kWh, 56 percent lower than fossil fuels