Abu Dhabi’s TAQA establishes green finance framework

Abu Dhabi-listed energy and utilities company TAQA is establishing a green finance framework to issue green bonds, sukuks, loans and other debt instruments, to contribute to its ESG targets and the UAE’s Net Zero by 2050 ambitions. The company said in a statement that proceeds will go to eligible green projects, including renewable energy, energy […]

EGA joins Australia-based research centre to collaborate on decarbonisation of alumina refining

Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has joined Australian research centre HILT CRC to support study into the decarbonisation of alumina refining. HILT CRC (Heavy Industry Low-carbon Transition Cooperative Research Centre) is working on technological breakthroughs in the decarbonisation of the steel, iron, alumina and cement industries. […]

COP28 President-designate calls on all partners to unite around pragmatic, well-managed and just energy transition

  Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-designate, delivered the keynote speech at the Berlin Energy Transition Dialogue 2023 (BETD), during which he called on Germany and the international community to come to unite around a pragmatic and just energy transition that maintains energy security today while […]

UAE confirms water security will be core part of COP28 agenda in Dubai

  During the 2023 United Nations Water Conference, the UAE Minister of Climate Change and the Environment, Mariam bint Mohammed Almheiri, highlighted the UAE’s inclusive and action-orientated approach to water sustainability and its impact on the nation’s security and economy-wide roadmap to achieve net-zero emissions. Delivering the UAE’s national statement at the UN Water Conference, […]

COP28 President-Designate meets with French President during global listening tour

Dr. Sultan Al Jaber, COP28 President-Designate, has concluded a two-day trip to Paris as part of his global listening tour. During his visit, Dr. Al Jaber met with French President Emmanuel Macron and key stakeholders across government and civil society. Dr. Al Jaber outlined his vision to drive climate action through mitigation, adaptation, climate finance […]

Mashreq Bank provides $15.5bln of sustainable finance and adaptation-related investments

      Joel Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said that since January 2021, Mashreq has facilitated $15.5 billion of sustainable finance and adaptation-related investments. In a statement to Emirates News Agency (WAM), Dusen said that ESG is related to cash flow in five important ways. It minimises regulatory […]

UAE’s Jaber urges Big Oil to join fight against climate change

  A top oil executive from the United Arab Emirates on Monday urged the energy industry to join the fight against climate change, borrowing a famous line from a U.S. astronaut aboard a damaged spacecraft during the Apollo 13 mission in 1970. “Houston, we have a problem,” Sultan al-Jaber, chief executive of Abu Dhabi National […]

DWTC’s One Central to use AI platform to drive energy management

Property operations software platform Facilio has announced an agreement with Dubai World Trade Centre’s One Central, a grade-A commercial development, to optimise energy consumption and reduce carbon emissions using a software-led approach. One Central will see the deployment of Facilio’s IoT-led connected buildings solution, which uses AI and machine learning to analyse and benchmark building […]

AstraZeneca to move to Tecom Group’s Dubai Science Park

  AstraZeneca has announced plans to construct sustainable offices at Dubai Science Park, a member of Tecom Group PJSC. Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda and in-line with ‘We the UAE 2031’ vision and the Year of Sustainability. The new office design, construction, and […]

ADFD, UNIDO discuss joint efforts to drive sustainable development

  Mohamed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), has met Gerd Müller, Director-General of the United Nations Industrial Development Organisation (UNIDO), to discuss their joint efforts in driving industrial and economic growth in developing nations. During Müller’s […]