renewable energy

COP29 critical for shaping future climate contributions: IRENA director-general

La Camera stressed the urgent need for $31.5 trillion in investments in renewable energy, grids, resilience measures, and energy efficiency by 2030

UAE signs two agreements with IMF to support PRGT, RST funds

At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT

Dubai’s net-zero efforts cut emissions by 29 percent in 2023

Achievement highlights the effectiveness of current measures under Dubai’s strategy to reduce carbon emissions by 30 percent by 2030

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco

CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected 

Sharjah Chamber hosts Japanese delegation, discusses enhancing economic cooperation

The Chamber seeks to boost knowledge exchange and collaboration between investors from both nations

Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability

The deal supports the Kingdom's climate ambitions to achieve net zero emissions

UAE’s PMO formalizes agreements to enhance strategic intelligence for We the UAE 2031

New platform to leverage AI and insights from 2,500 experts and 450 data sources to create government strategies

Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit

In 2023, the EU became the second-largest trading partner of the GCC region, with total trade reaching €170 billion

Masdar, Iberdrola complete wind turbine installation at Germany’s Baltic Eagle offshore wind farm

By 2026, Iberdrola's Baltic Hub will have a total capacity of more than 1.1 GW and trigger investments of around €3.7 billion

Abu Dhabi’s Masdar, Presight forge partnership to create AI-driven asset management tool

Masdar aims to digitize its global operations, transitioning from a reactive to a predictive model

EZVIZ leverages innovations to grow presence in the Middle East

Powers smart home revolution in the region with next-generation technologies

QatarEnergy signs 20-year naphtha deal with Shell to deliver 18 million tons starting April 2025

QatarEnergy and Shell have a strong alliance with multiple joint investments in the energy sector, both in Qatar and globally

UAE-Jordan CEPA to expand bilateral investment flows currently at over $22.5 billion

In 2023, non-oil trade between the two countries exceeded $4.1 billion, a 46.1 percent increase compared to pre-pandemic levels

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

Growth of low-emissions hydrogen projects outpaces policy support: Report

Urgent policies are needed to boost demand in heavy industry, refining, and long-distance transportation 

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

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

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