AirCarbon Exchange (ACX), the global exchange revolutionising the voluntary carbon market based in Hub71, Abu Dhabi's global tech ecosystem, and Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, have successfully completed a transaction in which Mubadala has acquired a strategic stake in ACX, thereby enabling ACX to establish the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi.
During an engagement with stakeholders at COP27, held in Sharm el Sheikh, Egypt from November 6-18, 2022, Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organization (WGEO), discussed the organization's efforts to encourage productive discussions on nature-based solutions and their impact on climate action.
On the eve of COP27, Egypt's Ministry of Electricity and Renewable Energy signed a Framework Agreement with ELSEWEDY ELECTRIC, the region's preeminent integrated energy and infrastructure solutions provider, and ReNew Power Private Limited, a subsidiary of ReNew Energy Global Plc ("ReNew") (Nasdaq: RNW, RNWWW), one of the world's preeminent renewable energy companies.
While in Sharm El Sheikh for the United Nations Climate Change Conference, COP27, Schneider Electric made the official announcement of the opening of its Sustainability Hub in the presence of Dr. Yasmine Fouad, Minister of Environment on behalf of H.E. Dr. Mostafa Madbouly. The Prime Minister of Egypt; Lieutenant-General Kamel El Wazir;