Dubai, United Arab Emirates, 5 December 2023 – Over 60 top executives and knowledge partners of the Alliance for Industry Decarbonization (AFID) held a roundtable at COP28 today and committed to raise decarbonization ambitions through tangible achievements by 2030. Members of AFID have individual reduction plans that combined aim to reduce 51% of direct and indirect greenhouse gas (GHG) emissions and grow the…
Read MoreTag: uae
25 leading utility companies from across the globe join forces with IRENA and the UN Climate Change High-Level Champions to launch Utilities for Net Zero Alliance
Dubai, United Arab Emirates, 5 December 2023 – Today, 31 partners, including 25 global utilities and power companies that collectively serve more than 250 million customers, united for a landmark joint commitment to advance electrification, renewables-ready grids, and clean energy deployment in line with 2030 Breakthrough goals and a net zero future by 2050. Global industry giants, regional utilities, developers, and…
Read MoreUAE launches new $30bn climate investment fund at COP28
DUBAI: The United Arab Emirates said Friday it is launching a new $30 billion private investment fund focused on climate projects in developing countries. The oil-rich host of the crunch United Nations COP28 climate negotiations in Dubai said it hopes the fund, called Alterra, will stimulate investments totalling $250 billion by 2030. “I am pleased to announce the establishing of…
Read MoreCaretaker PM arrives in Dubai to attend COP-28
DUBAI, Nov 29 (APP): Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday arrived in Dubai, United Arab Emirates to attend the 28th United Nations Conference of Parties (COP-28). Minister for Justice of the United Arab Emirates Abdullah Sultan bin Awad Al Nuaimi, Pakistan’s Ambassador to the UAE Faisal Niaz Tirmizi and the Pakistani diplomatic staff welcomed the prime minister at Dubai’s…
Read MorePakistan, UAE sign ‘historic’ MoUs worth ‘multi-billion dollars’
Pakistan and the United Arab Emirates on Monday signed memorandums of understanding (MoU) pertaining to investment cooperation that will unlock “multi-billion dollars” in funding from the Mideast state. The development came in a meeting between caretaker Prime Minister Anwaarul Haq Kakar and UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi during the former’s week-long trip to the Middle East.…
Read MorePM reaches UAE, to sign MoUs on investment
ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Sunday embarked on a bilateral visit to the United Arab Emirates. During the visit on Nov 26-28, the prime minister will meet the President of the UAE Sheikh Mohamed bin Zayed, the PM Office Media Wing said in a press release. “This engagement will provide an opportunity to advance bilateral ties in all…
Read MoreUAE: World’s largest single-site solar power plant inaugurated ahead of COP28
Built in a single phase, it generates enough electricity to power almost 200,000 homes, displacing 2.4 million tonnes of carbon emissions every year Published: Thu 16 Nov 2023, 10:33 PM Last updated: Thu 16 Nov 2023, 10:34 PM The world’s largest single-site solar power plant has been inaugurated in Abu Dhabi ahead of the UAE hosting COP28. Located 35km from the city,…
Read MoreOne Of The World’s Hottest Oil Plays Prepares For New Auction
Guyana, one of the world’s hottest frontier oil plays, is expected to have its new oil production sharing agreement (PSA) model ready in time for its auction that runs through mid-April, according to Guyana’s VP. The oil and gas industry has been eagerly waiting for Guyana to draft new contract terms that have been a long time in coming after…
Read More