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climate change
Sustainability
Global market for energy transition minerals forecast to reach $770 billion by 2040: Report
The market value of key energy transition minerals is around $325 billion
Saudi Arabia
Saudi Arabia allocates $2.5 billion to Middle East Green Initiative
Central to Saudi Arabia’s strategy for addressing climate change is the implementation of afforestation programs
Sustainability
UN body adopts human rights protections for carbon market mechanism
The move seeks to empower vulnerable communities and individuals
Banking & Finance
South Korea, Asian Development Bank sign $2 billion agreement to support development projects
The cofinancing will support projects that include climate change, transportation, energy, agriculture, ICT
Energy
Iraq’s first solar power plant moves forward
To provide clean electricity enough to power 350,000 homes
Egypt
Egypt sets sail for renewable future with $9 billion FDI for 8 GW wind projects
The government signed two land receipt notes for carrying out the projects west of Sohag
MENA
Abu Dhabi’s Masdar, Bapco Energies partner for wind projects in Bahrain
The joint venture aims to develop wind projects in Bahrain with a capacity of up to 2 gigawatts
Sustainability
COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change
At COP28, countries pledged a total of $792 million for loss and damage funding arrangements
Sustainability
Governments should ‘think bigger, act bolder’ on national climate plans: COP28 President Dr. Sultan Al Jaber
$6 trillion in investments needed to meet the 2030 target of 11 terawatts of renewable energy capacity
Sustainability
UAE to add 6.34 GW power capacity from 12 green projects by 2030: Energy Industries Council
These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance
Sustainability
Dominican Republic seeks renewable energy cooperation with UAE to combat climate change
Caribbean officials highlighted UAE renewable energy investment opportunities and mutual benefits
Sustainability
Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President
Adesina said the devastating African drought demands urgent, collective action to boost support and financing
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