Tag: climate action
Saudi Arabia Launches First Hydrogen-Powered Taxi Initiative
A groundbreaking pilot project for hydrogen-powered taxis has been launched in Saudi Arabia, marking a significant stride towards sustainable transportation solutions in the region. This initiative aims to demonstrate the feasibility and efficiency of hyd...
Wind Power Shortfall Impedes Global Green Energy Ambitions
A significant slowdown in wind power development is hindering the world’s efforts to meet renewable energy goals, particularly as nations strive to cut carbon emissions in line with climate agreements. Wind energy, once seen as a pivotal solution to trans...
UAE, Rajasthan Government Sign Landmark Agreement for 60 GW Renewable Energy Project
A landmark agreement between the UAE and the Government of Rajasthan has been signed, marking a significant development in India’s renewable energy sector. The Memorandum of Understanding (MoU) involves a massive ₹3 lakh crore ($36 billion) investment by...
Hedge Funds Take Bold Positions Against Renewable Investments
Hedge funds are increasingly betting against the renewable energy sector, raising concerns over the viability of green investments. As climate change initiatives gain momentum and governments around the world push for a transition to clean energy, a growi...
Climate Change Drives Surge in Fish Diseases, Threatening Global Aquatic Ecosystems
Global warming is reshaping ecosystems, with one of the more pressing concerns being its profound impact on aquatic environments. As water temperatures rise, fish diseases are proliferating at alarming rates, placing aquaculture and wild fish populations...
Adnoc-Fertiglobe Deal Expands Ammonia Contracts, CEO Signals Future Growth
Fertiglobe, a joint venture between Adnoc and OCI, has positioned itself for a significant expansion in long-term ammonia contracts following Adnoc’s acquisition of a 25% stake from OCI. This move strengthens Fertiglobe’s ambitions in the global clean amm...
Lake Shore secures $143m green loan for Mumbai mall expansion
Lake Shore India Advisory, supported by the Abu Dhabi Investment Authority (ADIA), has successfully raised $143 million in a green loan to expand its Viviana Mall in Mumbai. This move aligns with the growing trend of sustainable financing in the commercia...
Baltic Eagle Wind Farm Completes Turbine Installation Milestone
Masdar and Iberdrola have successfully completed the installation of the final turbine for the Baltic Eagle wind farm, a significant offshore renewable energy project located in the Baltic Sea. This marks a major milestone in the 476 MW venture, which is...
Middle East Achieves $16.7 Billion in Sustainable Bonds This Year
The Middle East saw an impressive surge in sustainable bond issuances, reaching a total of $16.7 billion in the first three quarters of 2024, according to S&P Global Ratings. This figure reflects the growing commitment of governments and corporations...
Middle East Leaders Prioritize Climate Change Initiatives
Executives in the Middle East are increasingly viewing climate change as a top priority, as highlighted by a comprehensive study examining corporate attitudes towards environmental sustainability. This shift is driven by the recognition that climate chang...
Saudi Arabia Set to Open Airports for Private Management
Minister of Investment Khalid Al-Falih revealed plans for the management of four Saudi airports by the private sector starting in 2025. Speaking at the inaugural Global Logistics Forum held at the King Abdullah Financial Center in Riyadh, Al-Falih emphasi...
Dubai Airports to Unveil Major Solar Panel Initiative
Dubai Airports is set to embark on an ambitious project to establish the largest rooftop solar panel installation at an airport worldwide. This initiative aligns with the UAE’s commitment to sustainability and aims to significantly enhance the energy effi...
UAE Surpasses Renewable Energy Goals for 2030, IEA Reports
Ambitious renewable energy goals set by the UAE have not only been met but are expected to be exceeded by 2030, according to a recent report from the International Energy Agency (IEA). The report highlights the nation’s strategic investments and policies...
Etihad Rail embarks on green energy revolution with solar terminal
Etihad Rail has taken a bold step toward sustainable operations by initiating a solar-powered freight terminal at Ghuweifat. This project, developed in partnership with Emerge, marks a milestone in the UAE’s commitment to green energy as part of the natio...
ADT and Urbanloop Join Forces to Explore Sustainable Urban Transport Solutions in the UAE
A strategic partnership between Abu Dhabi Terminals (ADT) and the French tech company Urbanloop has been established to explore sustainable and innovative urban mobility solutions in the UAE. This collaboration marks a significant step toward addressing t...