The number of renewable energy projects, including solar plants, expected to tap into capital markets for financing is set to rise in the six-member GCC economic bloc, S&P Global Ratings has said. The UAE and Saudi Arabia — the Arab world’s two largest economies — have already set up public-private partnership frameworks, making project financing an “obvious […]
More must be done to accelerate green investments in the Mena region and help it make a sustainable transition, climate advocates and business leaders said in Cairo. Better investment will increase employment opportunities and boost economic development, Tarek Tawfik, chairman of the American Chamber of Commerce (AmCham) Mena Regional Council and president of AmCham Egypt, said on Sunday. “Countries […]
Expo Live, a legacy project of Expo 2020 Dubai, is on the lookout for start-ups searching for concrete solutions to the climate crisis and combat global warming. Selected companies will be awarded a $50,000 grant for work related to reforestation, reduction of greenhouse gases or improving agricultural productivity. Successful innovators will have the opportunity to display their […]
Russia, the world’s second-largest oil exporter, may have slowed down efforts to tackle methane emissions from its energy sector as it seeks new export markets for its products amid Western sanctions. Before the war broke out on February 24 last year, Russian oil and gas exporters — under pressure from European customers — were investing in equipment […]
Surfers and city workers gathered to clean up Sunset Beach on Sunday after thousands of nurdles, little plastic balls, were washed ashore. Beachgoers in Dubai shared the photos of the clean-up on social media. Candy Fanucci, who leads the Pirates Surf Rescue Dubai and Abu Dhabi group, and led the clean-up, told The National: “It happened around […]
Scientists studying Antarctica’s vast Thwaites Glacier — nicknamed the Doomsday Glacier — say warm water is seeping into its weak spots, worsening melting caused by rising temperatures, two papers published in the Nature journal showed on Wednesday. Thwaites, which is roughly the size of Florida, represents more than half a metre of global sea level rise potential and could destabilise […]
Delegates and visitors to the Munich Security Conference heard officials speak of their hopes that the Cop28 summit in Dubai this November can put the world back on track towards its climate goals. Robert Habeck, Germany’s Minister for Economy and Climate, told a panel that transformation must result in a renewal of globalisation, not a turning away […]
When the UAE assumes the Cop28 presidency this November, one goal is paramount: mobilising private investment. To keep the Paris Agreement’s warming target of 2ºC on track, while limiting industrial levels to 1.5 ºC, the UN estimates that between $4 trillion and $6 trillion of investment in low-carbon infrastructure will be needed every year. This would […]
Dubai is now home to the world’s largest solar-powered data centre in the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The complex is developed by Moro Hub (Data Hub Integrated Solutions), a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority. Recognised as the biggest solar-powered […]
Dubai-based Emirates National Oil Company has joined forces with Dubai Electricity and Water Authority to develop and operate a joint integrated pilot project for the use of hydrogen in mobility. The proposed project would take advantage of Dewa’s existing green hydrogen production facility in the Mohammed bin Rashid Al Maktoum Solar Park and Enoc’s knowledge of the fuel market and customer […]
