UAE's Alterra targets Italian solar as part of $250B green finance drive The Emirati private investment fund aims to mobilize $250 billion through partnerships in global climate finance annually. United Arab Emirates
Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity Syria’s electricity grid needs extensive expansion after 14 years of civil war. Syria
On fifth Greece visit, Egypt’s Sisi and Mitsotakis advance energy projects: What to know The new partnership agreement appears to further cement the two nations' growing ties even as migration challenges persist. Egypt
Jerusalem wildfires rage for second day as environmental groups blame Netanyahu According to Israeli environmental groups, the government has repeatedly ignored calls to prepare for the threat of fires and to take more decisive action on climate change goals. Israel
Exclusive Saudi finance minister hints kingdom could meet 2030 renewables target early By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Exclusive Global renewables surge forward despite Trump’s climate reversals, says IRENA chief By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Davos 2024: Green ammonia expansion integral to Morocco’s new hydrogen economy, minister says Morocco's Minister of Energy Transition and Sustainable Development Leila Benali told Al-Monitor in an interview that the COP28 declaration marked the first time an emergence of more inclusive messaging has been seen in official climate text. Morocco
UAE President MBZ in Azerbaijan eyeing energy, investment cooperation Emirati entities have inked several energy deals with Azerbaijan in the past year. Legacy: Gulf
Israel Katz set to become new Israeli foreign minister in cabinet rotation As part of a coalition government agreement negotiated in 2022, Israel’s government approved the rotation of Israel Katz as the new foreign minister while former foreign minister Eli Cohen will become the new energy minister. Israel
Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline. Egypt
World Bank ups Middle East climate financing to $10B by 2025 The global lender provided $6.3 billion in climate financing for the MENA region between 2021 and 2023, much of it focused on mitigation and adaptation. Legacy: Gulf
COP28: historic deal agreed for world to ‘transition away’ from fossil fuels The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event. United Arab Emirates
China-Saudi Investment Conference begins in Beijing China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil. Saudi Arabia
After US, India, UAE, World Economic Forum expects Brazil to enter green coalition India, the UAE and the United States are part of the First Movers Coalition, a green alliance that Rob van Riet, senior adviser at the WEF's Center for Nature and Climate, told Al-Monitor he hoped Brazil will be the next to join. United Arab Emirates
Saudi Arabia’s ACWA Power to develop green hydrogen project in Indonesia Green hydrogen has potential environmental benefits as well as drawbacks and is being pursued by Saudi Arabia, the United Arab Emirates and other Gulf states. Legacy: Gulf
UAE’s Masdar signs $16 billion deal for wind, hydrogen projects in US, Germany The UAE is hosting the UN climate change conference amid global calls to reduce dependence on fossil fuels. Legacy: Gulf
The COP28 scorecard: US leads methane charge, China to slash emissions COP28 President Sultan Al Jaber also announced a deal to cut methane emissions from the fossil fuel industry, with ExxonMobil and Saudi Arabia's state-owned oil firm Aramco being among the 50 businesses that signed up. United Arab Emirates
COP28 opens in UAE amid intense scrutiny over fossil fuel links A breakthrough was made on the first day of the UN climate summit as world leaders established a loss and damage fund to help developing countries adapt to climate change. United Arab Emirates
