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According to a recent report by Reuters, Greece and the United Arab Emirates (UAE) have come to an agreement to jointly fund investments worth 4 billion euros ($4.2 billion) in Greece and further cooperation in the energy sector, the Greek prime minister's office said.
At a recent energy forum held in Riyadh which highlighted the importance of green energy, the UAE energy minister Suhail Al-Mazroui stated that his country saved $191 billion by using alternative sources.
In the latest, energy investments in the Middle East and North Africa are expected to rise throughout 2022 due to inflated oil and gas prices, according to the Arab Petroleum Investment Corporation.
Dr Sultan bin Ahmed Al Jaber, the UAE’s Minister for Industry and Advanced Technology, recently visited the Industrial City Icad, a major center for industrial companies under the Abu Dhabi Ports Group, the largest operator of economic zones in the UAE.
According to the report, emerging markets need to invest an additional Dh350tn to transition to net zero in time to meet long-term global warming targets in addition to the capital already allocated by governments under their current climate policies.
The Russia - Ukraine face-off has led to the sharp rise in energy prices and has also stepped the need to achieve net-zero goals and invest in oil and transition fuels to ensure global energy security.
A robust blueprint for the energy transition in the private and public sector has become quintessential given the most severe energy crisis in recent times.
The Abu Dhabi Securities Exchange (ADX) recently announced its first green bond. This bond has been issued by Sweihan PV Power Company (SPPC), currently operates a solar power project Noor Abu Dhabi.
The Emirates Nuclear Energy Corporation (ENEC) announced the start of commercial operation for the UAE's second nuclear unit Barakah 2 which began supplying electricity to the grid on 14 September.
Sheikh Khalifa became President of the UAE on November 3, 2004, a role that he played until his death on May 13, 2022