Egypt’s Suez Canal Authority, Petroleum Min. ink LNG station deal
Egypt’s Suez Canal Authority (SCA) and Ministry of Petroleum signed a memorandum of understanding on Sunday to…
Browsing Tag
clean energy transition
Egypt, IFC to form joint teams to unlock mining investment opportunities
Egypt and the International Finance Corporation (IFC) have agreed to form joint technical teams to identify…
EU-Egypt investment mechanism to mobilise €5b by ’27 – Sannino
The EU-Egypt Investment Guarantee Mechanism for Development expected to mobilise up to €5 billion in public and…
Egypt signs financial closure for 1 GW solar, battery storage project with Scatec, NBE,…
Egypt on Sunday signed a financial closure agreement for the Obelisk project, a 1-gigawatt solar power plant with…
EU renewable energy hits 46% of electricity in Q1 ’24
The European Union (EU) made significant strides in its clean energy transition during the first quarter of 2024,…
APAC executives propose currency-linked climate bonds
The Asia–Pacific (APAC) business executives are urging emerging economies to issue climate bonds indexed to a…
UK to launch Great British Energy for clean transition
The United Kingdom (UK) will establish a new publicly owned power company, Great British Energy, headquartered in…
Germany’s power grids need €300b for decarbonisation – KfW
Germany needs approximately 300 billion euros ($325 billion) in investments by mid-century to modernise its power…
Half of poorest countries falling behind despite advantages – World Bank
Half of the world's 75 most vulnerable countries are falling behind wealthy nations in income growth, a new World…
Siemens Energy invests $150mln in new US transformer plant
Siemens Energy announced that it will put $150 million into a new power transformer factory in the U.S., the…
12-year-old Indian climate activist storms the stage of COP28
The 12-year-old climate activist, Licypriya Kangujam, interrupted a speech on Monday during a COP28 , by holding a…
AfDB provides $1 bln loan to South Africa’s energy transition
The African Development Bank (AFDB) Group’s Board has agreed on Saturday to a $1 billion guarantee programme with…
COP28 commitments not enough to meet climate objectives – IEA
The International Energy Agency (IEA) stated on Sunday that the multitude of new commitments made at the COP28…
Azerbaijan to host COP29 with regional support
Azerbaijan is set to host next year's 29th Session of the Conference of Parties (COP29) after it secured the…
U.S., UAE pledge $17 bln to green farming initiative
The United States and the United Arab Emirates jointly announced on Friday, at the COP28 climate summit in Dubai,…
OPEC rejects fossil fuel Phase-Out plan at COP28
OPEC faced backlash on Saturday, during the COP28 in Dubai, after the Kuwaiti secretary general sent a letter…
COP28: UN calls for action towards sustainable extraction of critical raw materials
Since the world started to transition to electrification, the demand for critical raw materials such as rare earth…
Egypt, Italy sign green electric corridor MoU at COP28
The German Siemens Energy Group and the Italian Prysmian Group announced on Tuesday the signing of a memorandum of…
OPEC chief warns of energy chaos if oil left underground
At the COP28 summit in Dubai, Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham…
COP28: U.S. joins global pledge to cut cooling emissions
The United States, along with at least 60 other nations, has committed to a pledge to reduce cooling emissions by…
Arab Energy Fund invests $1bln in decarbonisation
The Arab Energy Fund, formerly APICORP, announced on Monday that it intends to invest up to $1 billion in…
South Africa to produce its first electric car by 2026
South Africa's Trade Minister, Ibrahim Patel, announced on Monday that South Africa's auto industry will likely…
COP28: Donors pledge $777 million to fight NTDs in Africa
During the Reaching the Last Mile (RLM) Forum at COP28, global donors pledged $777 million to combat neglected…
60 million people need training for green jobs: ILO official
The demand for green jobs is outpacing the production of green talent and there is urgent need to train around 60…
COP28: Abu Dhabi hosts Global Climate Finance Centre
Abu Dhabi is hosting the new Global Climate Finance Centre (GCFC) at the Abu Dhabi Global Markets (ADGM) in…
HRW: UAE conceals air pollution scandal amid COP28
The UAE’s huge production of fossil fuels is causing very high levels of air pollution, which harms the health of…
COP28: France, Japan back AfDB’s SDR plan
France and Japan will support the African Development Bank’s scheme to use IMF Special Drawing Rights (SDRs) for…
Egypt to sign deals worth $270 million for industrial emission cuts
Egypt will sign project contracts to lower carbon emissions in the industrial sector with investments reaching $270…
UAE signs agreement with Bill Gates’ nuclear firm
Bill Gates' nuclear reactor firm, TerraPower LLC, signed a deal on Monday with the UAE's nuclear company, ENEC, to…
Will COP28 save Africa from climate catastrophe?
The COP28 witnessed a strong presence of African countries in order to discuss and find effective solutions to…
Development banks to intensify climate efforts, ignore fossil fuels
Ten of the world’s leading development banks committed to intensifying their climate actions at the COP28 summit;…
COP28: physicians protest for climate-related health threats action
On Sunday, a few doctors and climate activists conducted a demonstration at the COP28 venue to highlight…
Sisi urges for collaborative climate change action at COP28
Egypt’s President Abdel Fattah al-Sisi underscored the immediate need and significance of cooperative efforts to…
Oil & Gas Decarbonisation Charter launches at COP28
The Kingdom of Saudi Arabia and the COP28 Presidency announced on Sunday the launch of the Oil and Gas…
U.S. commits $3 billion to support Green Climate Fund at COP28
The United States has committed $3 billion to the Green Climate Fund, as Vice President Kamala Harris announced on…
COP28: U.S. sets a plan to reduce oil, gas methane
Biden's administration announced, on Saturday, final rules to reduce methane emissions from the U.S. oil and gas…
King Charles warns of ‘Dangerous uncharted territory’ awaiting world
King Charles III cautioned global leaders on Friday that the indicators of the climate crisis are being overlooked,…
Gaza crisis in COP28’s negotiations without Palestinian President
Palestinian President Mahmoud Abbas is not participating in the negotiations at COP28, Agence France-Presse (AFP)…
COP28 officially approves climate disaster fund deal
On Thursday, delegates at the U.N. COP28 climate summit formally approved an agreement on a new climate disaster…
China and India: Climate victims or polluters?
China and India, two of the world's largest countries economically, are among the most prominent countries that…