Egypt moves forward with investing in carbon markets
The country’s first carbon credits investment fund, called EgyCOP, will invest directly in the voluntary carbon markets.
The country’s first carbon credits investment fund, called EgyCOP, will invest directly in the voluntary carbon markets.
Aramco plans to spend up to $55Bn on capital projects in 2023 to boost its production from 11.5m barrels a day in 2022 to 13m barrels a day by 2027.
A law passed at the end of 2022 provides for the establishment of a voluntary carbon market (VCM) platform within the Egyptian Stock Exchange (EGX).
The Emirati retail conglomerate raised a $1.25Bn revolving credit facility linked to the company's ESG goals.
The five-year sukuk is the debut green Islamic bond for the United Arab Emirates, in a sale arranged by local, regional and international banks.
The Abu Dhabi sovereign wealth fund invested in ACX, which is establishing a carbon trading exchange and carbon clearing house in Abu Dhabi Global Market (ADGM).
The Israeli drip irrigation company Netafim announced Friday its first carbon credit initiative for global rice growers.
The United Arab Emirates (UEA) hired PR firm to use its role as the host of next year’s UN climate conference to launder its international reputation.
Turkey will aim to bring its greenhouse gas (GHG) emissions 41% below business-as-usual levels by 2030, raising the target from 21%.
The group said it would reduce its carbon footprint through improving energy efficiency and sourcing renewable energy among other initiatives
The UAE has laid out a pathway to net-zero by 2050 that implies a deeper reduction in emissions by 2030 than envisaged under its updated NDC, released in September.
Kuwait announced the emirate's intention to work towards net-zero, making it the fifth Gulf Co-operation Council (GCC) country to set a net-zero goal
The Middle East's first carbon credit auction saw Saudi Aramco as largest buyer, just three weeks after the sovereign wealth fund raised its first $3Bn green bond.
The CEO of the state-owned utility has announced it will invest $5Bn in renewable energy and $5Bn in hydrogen over the next 5 years.
The Sultanate is the latest Gulf country to make a commitment, in line with Oman's 2040 Vision and the setting up of the Oman Centre for Sustainability.
The country will use the fund to finance a railway bypass around the congested Greater Cairo region for freight going from South to North.
Three issuances of a 5-year, 10-year and 100-year bonds of different amounts and interest rates make up the country's first ever "green bond".
The UAE has pledged to cut CO2 emissions by 31% by 2030 – up from a previous target of 23.5%.
Abu Dhabi Commercial Bank (ADCB) has successfully priced its inaugural green bond, raising $500 million to support the financing of low-carbon initiatives
Saudi Arabia's $620bn sovereign wealth fund, the Public Investment Fund (PIF), is expected to tap international debt markets for a debut green bonds issue.
Abu Dhabi Commercial Bank (ADCB) has successfully priced its inaugural green bond, raising $500 million to support the financing of low-carbon initiatives.
Saudi Arabia's $620bn sovereign wealth fund, the Public Investment Fund (PIF), is expected to tap international debt markets for a debut green bonds issue.
The pledge aims to increase the engagement of the private sector in the country’s decarbonisation, in line with the Net Zero 2050 Strategic Initiative.
The pledge aims to increase the engagement of the private sector in the country’s decarbonisation, in line with the Net Zero 2050 Strategic Initiative.
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