More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings
The issuance of green and sustainable finance in the Middle East increased by 532 per cent to $24.6bn in 2021 from $3.8bn a year earlier.
The Baynouna Solar Park produces over 560 gigawatt-hours of energy annually – enough to power 160,000 homes
The carrier recycled more than 500,000 kilograms of plastic and glass last year
Dubai Can has installed water fountains in strategic places across the city, including public parks, beaches, and tourist destinations, to help people refill bottles
The move is part of the biopharmaceutical giant’s global green agenda
The data centre has a capacity exceeding 100 megawatts, and spans more than 16,000 square metres
At 65,000 square feet, AeroFarms AgX is the largest indoor vertical farm of its kind for research and development in the world
The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security
The framework will look at accelerating the adoption of distributed photovoltaic systems, and the development of innovative new technologies and business models in emerging markets
Saudi Tabreed currently manages 779,000 tonnes of refrigeration (TR) via contracts with major companies in Saudi Arabia
The fund will allocate an amount equalling the net proceeds of the issuance to fund eligible green projects in line with its Green Finance Framework
Investors in the region could be missing a big opportunity, as investment firms globally are facing increasing demand for ESG investment products that integrate thematic ESG strategies and comply with regulatory requirements
Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber
The Link will feature a gross floor area of 30,000 square metres comprising sustainable offices, residences, visitor centre, multi-use hall and leisure amenities
As businesses face both mounting energy costs and pressure to conduct more sustainable operations, renewable energy should take centre stage as we fight to conserve our resources and economies
The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains
It is the first passenger airline in the world to operate a Boeing 777 powering a GE engine with 100 per cent SAF
It is estimated that COP28 will have participation from more than 80,000 delegates, including 140 heads of state and government
The entities will identify opportunities to collaborate in areas including mobility, food, health, and climate action
The ground test results will pave the way for the airline’s first experimental test flight using 100 per cent SAF in one engine, which is due for take off this week
The entities will jointly conduct a feasibility study for the region’s first project to produce sustainable aviation fuel using renewable hydrogen and municipal solid waste
The bond proceeds will be allocated according to the specific criteria defined in the SDG Bond Framework focusing on food security, healthcare, infrastructure, education, employment, and renewable energy
The announcement follows the Abu Dhabi Sustainability Week, which concluded on January 19
The 12,000 tonnes per annum polyethylene terephthalate recycling plant has been earmarked for Abu Dhabi
The companies will explore the possibility of pursuing projects in circular economy initiatives, including plastics production and recycling, sustainable fuels and feedstock
The E2GO joint venture will play a critical role in delivering EV charging infrastructure across Abu Dhabi
Aircraft-generated condensation trails, or contrails, cause surface warming responsible for up to two-thirds of aviation’s climate impact
Masdar will work closely with the Kazakhstan Investment Development Fund Management Company and the Kazakh Ministry of Energy on the project
Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide