 |
| |
Building construction contributes significantly to the world’s emissions and material footprints, accounting for about 40% of each. Most emissions associated with buildings result from their operations, primarily heating and cooling.
But the embedded emissions in building materials still account for 28% of construction-related emissions.
Improving circularity in construction will be necessary to reduce the sector’s emissions and materials footprint, highlighted the report.
The Dubai Electricity and Water Authority (DEWA) and US bank JPMorgan Chase are looking at ways to cooperate in financing green and sustainable initiatives, according to the report.
Saudi Arabia's industrial sector, which accounts for around 46% of the country’s total emissions, must choose sustainable inputs and adopt refined manufacturing processes to reduce industrial emissions by 65% by 2050, says a report.
Besides, the sector should opt for efficient shipment and distribution and green marketing, says the report by management consulting firm Arthur D Little (ADL).
Report mentioned, ADL has released an exclusive report exploring ways to balance economic growth, environmental care and social well-being. The report, titled Imperatives for Sustainable Industrial Development:
The KSA Case spotlights the industrial sector as a key development focus and examines ways to maintain its pace in a sustainable manner.
In recent years, UAE’s commitment to accelerate its sustainability objectives from discussion to action have been highlighted through laser-focused implementation of ESG plans and policies by numerous public and private entities throughout the country, stated the report.
Saudi power and water infrastructure developer, ACWA Power, has signed three Power Purchase Agreements and Investment Agreements with Uzbekistan’s Joint-Stock Company (JSC) National Electric Grid of Uzbekistan (NEGU) and Ministry of Investment, Industry and Trade.
Report highlighted, the agreements include the development of three solar photovoltaic (PV) projects in Tashkent and Samarkand and three Battery Energy Storage Systems (BESS) in Tashkent, Bukhara and Samarkand, with a total capacity of 1.4 GW of additional renewable energy and 1.5 GWh of additional battery storage capacity.
A report says, Hitachi Energy and Gulf Cooperation Council Interconnection Authority (GCCIA) announced the signing of a contract.
Report highlighted MoU is to upgrade the Al-Fadhili high-voltage direct current (HVDC) converter station under the GCCIA authority in Saudi Arabia.
Its mission is to create a resilient interconnected grid, ensuring power security, and economic benefits.
Infinity Power, a joint venture between Egypt’s Infinity and UAE’s Masdar, announced today it has completed the acquisition of the entire shareholding of Lekela Power, said the report.
The transaction makes Infinity Power the largest renewable energy company on the African continent. Infinity’s key stakeholders include Africa Finance Corporation (AFC) and European Bank for Reconstruction and Development (EBRD).
Rolls-Royce has secured funding from the UK Space Agency for research on how nuclear power could be used to support a future Moon base for astronauts.
According to the report, scientists and engineers at Rolls-Royce are working on the Micro-Reactor programme to develop technology and deploy it to the lunar surface to provide the power needed for humans to live and work on the Moon.
According to the news, CEO of Madaar Ahmed Ehab has announced that the company plans to direct investments worth EGP 5bn in Egypt’s real estate market in 2023, bringing its total investments to EGP 35bn.
He added that the company has outlined expansion plans, which it aims to carry out major real estate touristic and residential projects. These projects will be part of the company’s investments, which started with executing the Azha Sokhna in 2015.
A report says, Emirates Central Cooling Systems Corporation (Empower) has announced that it has signed a deal with Sobha Realty, a leading UAE developer.
To provide district cooling services to the Sobha Hartland master community, highlighted the report.