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According to the latest PwC Middle East Economy Watch - Q2 ‘Oil booms and hydrogen looms’, launched today, Some of the investment in the GCC is funding the energy transition, where the region’s abundant sunshine and cheap marginal land is driving a boom in solar power and the development of hydrogen as a key component of a future circular carbon economy.
The Madinah municipality in partnership with the Al-Sharif Holding Group is set to establish 12 electric charging stations in different parts of the city, as a part of the Kingdom’s efforts to achieve its zero-carbon goals.
As part of a partnership signed with Yas Island management company Miral Asset Management, Emerge, a joint venture between Abu Dhabi clean energy company Masdar and French utility EDF, is setting up a rooftop solar power project at SeaWorld Abu Dhabi theme park ,which would be the first SeaWorld location outside North America will use rooftop solar photovoltaic systems with a total capacity of 8.2 megawatts.
Mitsubishi Power is undertaking decarbonisation projects in Middle East and North Africa (Mena), signing an agreement with leading Egyptian O&G Company Alexandria National Refining & Petrochemicals Company (ANRPC) to provide advanced hydrogen fuel conversion technology solutions supporting the company to achieve its decarbonisation goals. focusing on advanced fuel conversion,including ANRPC Hydrogen Fuel Conversion Blending project in Egypt, enabling 100% hydrogen capability by 2023
JLL, a leading professional services firm specialized in real estate, investment management and development consultancy services, released its 2021 Global Sustainability Report, providing comprehensive updates on the progress it is making across its own operations globally and in the region, corporate supply chain, and with clients, to rapidly decarbonize cities and ensure real estate evolves and adapts in a sustainable way.
According to its latest ESG report ‘Dare Together’, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, Majid Al Futtaim, has made significant advancements toward environmental, social, and corporate governance (ESG) ,by strengthening steps towards its target to be Net Positive in carbon by 2040 becoming one of the first three signatories to the World Green Building Council’s Net Zero Carbon Buildings Commitment.
The Airport International Group announced that Queen Alia International Airport (QAIA) has become the first in the Middle East, the second in the ACI Asia-Pacific region and one of only 21 airports worldwide to achieve Level 4+ ‘Transition’ of the Airport Carbon Accreditation Programme.
The MOCCAE has launched the National Dialogue for Climate Ambition (NDCA) , which runs from May to September 2022, as a platform to define and raise sectoral climate ambition and advance all-inclusive participation in the UAE Net-Zero by 2050 Strategic Initiative to meet the country’s international climate commitments, particularly the Paris Agreement.
The Dubai based company URB , which has masterminded the designs of sustainable cities including recently launched projects such as The Sustainable City in Yiti, The Sustainable City Yas Island, Nexgen Sustainable City, has this 10km2 zero-carbon community hub, AlNama, to flaunt soon residential, educational, commercial, tourism, and medical ecosystems.
As per Dubai’s Roads and Transport Authority’s announcement, Dubai Taxi Corp. has added Tesla Model 3 to its taxi fleet for a efficiency trial after operating 172 Tesla vehicles since 2017, according to the Dubai Media Office.