The energy transition represents an unprecedented opportunity for businesses to future-proof operations, reduce costs, and demonstrate leadership in sustainability
decarbonisation
Latest in decarbonisation
azerbaijan
Beyond COP29: How industry can decarbonise, decentralise and digitalise its energy needs
With half of the world’s largest companies now committed to net sero targets and the growing adoption of lease-to-own and build-own-operate-transfer models, the shift toward renewable energy is gaining significant traction
Aramex
Aramex partners with Admiral Mobility to deploy its first electric trucks
The initiative aligns with Aramex’s strategy to pioneer sustainable logistics solutions for its clients
Biodiversity
Dubai-based DP World issues the region’s first Blue Bond
The $100 million, 5-year Blue Bond priced at 5.25% coupon rate; Will fund significantly under-funded SDG 14 and SDG 6 of the United Nations
decarbonisation
Modon joins forces with EMSTEEL to introduce green steel in UAE construction
EMSTEEL’s low-carbon steel is produced through Masdar’s pioneering green hydrogen pilot project
air travel
Green Hydrogen: Air travel could go renewable as future fuel investment skyrockets in UAE, Saudi Arabia
The fuel of the future in news again as a Swedish study shows aircrafts could use it for short and medium flights as early as 2028
Ajman Bank
Ajman Bank partners with Positive Zero to cut emissions, energy costs by 28% per year
The project involves a 10-year Shared Savings Energy Performance Contract (SSEPC) delivered by Positive Zero’s energy efficiency arm Taka Solutions
brand identity
UAE-based Positive Zero unveils new brand, consolidates subsidiaries under one company
The brand launch follows the company’s recent announcement of a landmark investment of up to $400 million from BlackRock’s Diversified Infrastructure team
ADNOC
ADNOC boosts decarbonisation budget to $23bn, creates 6,500 jobs for citizens and drives UAE economy
UAE President Sheikh Mohamed directs ADNOC to boost energy transition projects
COP28
UAE to slash 93% of industrial carbon emissions by 2050
UAE launches Industrial Decarbonisation Roadmap with plan to reduce carbon emissions
Carbon credit market
Dubai Financial Market to launch pilot program for carbon credits trading
DEWA and MyCarbon to supply carbon credits; 17 UAE companies sign up; Trading will be open from December 4-8
COP28
COP28 chief calls for oil and gas industry to decarbonise
COP28 boss says it is time to turn rhetoric into results and for energy companies to lead transition agenda
COP28
UAE’s Zero Carbon Ventures secures $5mn seed funding
Zero Carbon Ventures welcomes UAE’s Sheikh Ahmed Mana Khalifa Al Maktoum as strategic investor and Chairman
Abu Dhabi
ADNOC becomes first major oil company to accelerate net zero target to 2045
The company will also aim to achieve zero methane emissions by 2030; Will invest further in sustainability efforts
Australia
Reliance, Brookfield join forces for renewable energy projects in Australia
Under the terms of the MoU, Brookfield will work with Reliance to explore avenues of direct capital investment and development of skills
Abu Dhabi
Masdar, Iberdrola sign agreement to co-invest $1.77bn in Baltic Eagle offshore wind farm
The wind farm, when operational towards end of 2024, will produce 1.9 TWh annually, enough to meet the electricity demands of 475,000 homes
Badar Chaudhry
Economic strain can’t distract us from the climate change ultimate crisis
We must leverage the unique platform of COP28 in Dubai this November to grab this challenge with both hands and proactively keep turning dialogue around climate finance into quantifiable action