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According to the news, since COP26, sustainability has driven many economies throughout the world.
"As the global energy transition accelerates and the UAE hosts COP28, the global spotlight will inextricably return to the country's pioneer and face of clean," according to the report.
For nearly two decades, Abu Dhabi’s flagship clean energy company, Masdar, has built a reputation of thriving on speculation and then hatching opportunities from that same speculation.
According to the Q1 financial update of co-developer Air Products, Saudi Arabia’s flagship Neom green hydrogen project has seen its cost rise from the original estimate of $5 billion to $8.5 billion.
Inflation, spare parts, upfront fees for land, and $1bn of interest on loans have all contributed to the $3.5bn budget increase, said the US industrial gases company, which is developing the project in the desert of northwest Saudi Arabia with partners ACWA Power, the Saudi renewables developer, and Neom.
According to the report, Dr. Yahya Anouti, ESG leader at PwC Middle East and co-author of PwC's first Middle East State of Climate Technology report, discussed how the Middle East region can pioneer the development of technologies to help achieve global climate goals in an exclusive interview with Oil & Gas Middle East.
The Middle East is well-positioned to pioneer climate technologies, according to the report, and with targeted investment, it will be able to assume global leadership in a number of climate technology domains where it now has a competitive advantage.
Recently, President Sheikh Mohamed bin Zayed Al Nahyan declared 2023 the Year of Sustainability. In line with his statement, Middle East-based investment services company Century Financial has announced a series of initiatives as part of its contribution towards strengthening sustainability in the financial sector.
According to the reports, Century Financial’s sustainability agenda will primarily focus on forging strategic partnerships with like-minded organisations in the region under the banner "Sustainability and U."
According to the news, Aramco announced a strategic partnership with Zoom and more money for Wa'ed Ventures.
The news was shared at the second LEAP conference, which is an important international technology event held every year in the Kingdom of Saudi Arabia.
According to the report, Petroleum Development Oman (PDO) has celebrated the inauguration of its Rima water treatment plant project.
Masdar, one of the world’s fastest-growing renewable energy companies, has pledged to strengthen its support for Azerbaijan’s renewable energy development with the opening of an office in Baku, the capital city, according to the report.
Masdar will work closely with the government and other stakeholders in Azerbaijan to accelerate the growth of its renewable energy sector as the country continues to take bold steps to meet clean energy targets and transition to a low-carbon future.
A report says the organisers behind Arabian Travel Market (ATM) 2023 have implemented an "exhibitor environmental checklist" and introduced a brand-new "most sustainable stand" award.
as part of their commitment to ensuring the upcoming show is the most climate-conscious in its history.
The 30th edition of ATM will take place at the Dubai World Trade Centre (DWTC) from May 1–4.
The Environment Agency of Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to marine water quality in the emirate.
The policy is part of EAD’s efforts to maintain and sustain Abu Dhabi’s marine waters and limit practises that can cause marine pollution, according to the report.