The Middle East is undergoing a significant energy transition, shifting away from its traditional reliance on oil wealth and towards renewable energy sources, particularly solar energy.

This transition is driven by the region's desire to reduce its carbon footprint, improve energy security, and diversify its economy.

Several countries in the region, including the United Arab Emirates (UAE), Saudi Arabia, and Egypt, have launched ambitious plans to invest in solar energy and other renewable sources.

The UAE, for example, aims to achieve net zero emissions by 2050 and has invested $163.5 billion in clean energy projects.

Saudi Arabia, on the other hand, targets carbon neutrality by 2060, while Egypt aims to generate 42% of its electricity from renewable sources by 2035.

The region's solar capacity is growing rapidly, with the UAE hosting the Mohammed bin Rashid Solar Park, which has a capacity of 5 GW.

The Al Dhafra solar farm in Abu Dhabi has a capacity of 2 GW, making it one of the largest single-site solar farms in the world.

Egypt has also made significant investments in solar energy, with the Benban Solar Park having a capacity of 1,800 megawatts.

The Gulf of Suez Wind Power Project in Egypt has a capacity of 1,100 MW, reducing carbon emissions by 2.4 million tons.

Government incentives have played a crucial role in promoting the development of solar energy in the region.

In Egypt, for example, the government has launched the Renewable Energy Feed Tariff program, which provides a fixed price for renewable energy producers.

The UAE has also introduced a number of incentives, including a net metering scheme, which allows households and businesses to generate their own solar energy and sell any excess back to the grid.

These incentives have encouraged private sector investment in solar energy, with 92 companies expressing interest in waste-to-energy projects in Egypt.

The energy transition in the Middle East is expected to have a significant impact on the local economy and climate goals.

The region is vulnerable to the consequences of climate change, including drought and sea-level rise, which threaten regional cities and farmers.

The energy transition is expected to create new job opportunities and stimulate economic growth, while also reducing the region's carbon footprint.

However, the transition also poses challenges, including the need for significant investment in new infrastructure and the potential for job losses in the traditional energy sector.

The Middle East has set ambitious targets for renewable energy development, with the Arab countries aiming to triple global renewable energy capacity by 2030.

The region is expected to see a significant increase in renewable energy capacity, with solar and wind power contributing 90% of new capacity.

The UAE, Saudi Arabia, and Egypt are leading the way in renewable energy investments, with the UAE investing $163.5 billion in clean energy projects.

The region's renewable energy capacity is expected to reach 45 gigawatts by 2027, with green hydrogen projects generating $200 billion in export revenues by 2050.

The energy transition in the Middle East is also driven by the need to improve energy security and reduce reliance on fossil fuels.

The region is home to some of the world's largest oil reserves, but it is also one of the most water-scarce regions in the world.

The energy transition is expected to help reduce the region's water footprint, while also improving energy efficiency and reducing waste.

The UAE, for example, has launched a number of initiatives to reduce energy consumption and promote sustainable development, including the Dubai Clean Energy Strategy.

In conclusion, the energy transition in the Middle East is a significant and ongoing process, driven by the region's desire to reduce its carbon footprint, improve energy security, and diversify its economy.

The region has made significant investments in solar energy and other renewable sources, with government incentives playing a crucial role in promoting development.

The energy transition is expected to have a significant impact on the local economy and climate goals, creating new job opportunities and stimulating economic growth, while also reducing the region's carbon footprint.

As the region continues to transition towards a more sustainable energy mix, it is likely that we will see significant economic, environmental, and social benefits.

The Middle East is undergoing a significant energy transition, shifting away from its traditional reliance on oil wealth and towards renewable energy sources, particularly solar energy.

Title:

Content: Oil Minister: KPC ’ s 2040 Strategy is Strong and Ambitious in Energy Transformation Issues
Deputy Prime Minister and Minister of Oil and Minister of State for Economic Affairs and Investment Dr. Saad Al-Barrak said on Tuesday that KPC ’ s 2040 strategy program is strong and ambitious in the issues of energy transformation and carbon emission reduction.
In a speech during a ministerial session at the 12th Arab Energy Conference in Doha entitled (Energy, Environment and Sustainable Development), Barrak said that the countries of the region are serious about the issue of renewable and clean energy, expressing his pride that Kuwait, Saudi Arabia, Qatar, Egypt, the UAE, Jordan and Algeria are leading this transformation.
Barrak, who is also chairman of Kuwait Petroleum Corporation (KPC), said Middle East and North Africa countries, although rich in oil and gas, had raised their renewable energy capacity to 57 percent between 2022 and 2023.
"There is an attack on the so-called reduction of dependence on oil as a source of energy," he said, expressing surprise at the insistence on depriving many people and countries, most of them developing countries, of being the source of the economy that can transport them over the next 30 years to a life of prosperity, security and stability.
At the same time, he pointed out that Africa today needs about $25 billion a year to invest in energy until 2030, explaining that large numbers of people in Africa and elsewhere do not have access to electricity.
He pointed out that what drives the climate issue are “values ” related to the safety of the human environment, well-being and decent living, saying:“ Let us give the people of this region in Asia and Africa an opportunity to advance their resources, which God has granted to be in a position where they can exercise well-being. ”
For his part, Bahraini Minister of Oil and Environment Dr. Mohammed bin Dinah said in a similar speech during the session that the energy transition is not to serve the Framework Convention on Climate Change but to serve the peoples of the countries in which we live.
He added that fuel is an essential part of the economies or incomes of some countries, noting that it must be conserved and consumed in a balanced manner in order to be committed to the environment in the region in terms of carbon quantities.
For his part, the Director General of the Arab Planning Institute, Dr. Abdullah Al-Shami, said during the session that there are many challenges in the subject of energy, including the steady growth in the issue of cities and the demand for housing, which consumes 29% of the energy exported from oil and gas.
He added that the oil-exporting countries, mostly in the Middle East, are suffering from several problems such as increasing the cost of oil production, in addition to the lack of oil technology, such as oil exploration and lack of foreign investment, noting that these countries depend heavily on their oil revenues and energy.
Omer Farouk, secretary-general of the Organization of African Petroleum Producers, called for the need to look at the energy problem in a holistic way, not just focusing on fossil fuels.
If emissions are causing a climate problem, we need to confront and address emissions released by industrialized countries rather than targeting fossil fuels.
It is noteworthy that the 12th Arab Energy Conference was launched yesterday in Doha under the slogan (Energy and Arab Cooperation) and lasts for two days.
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This transition is driven by the region's desire to reduce its carbon footprint, improve energy security, and diversify its economy.

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Content: Monday 26th September 2022 Abu Dhabi UAE
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Today 's Issue
Today 's Issue
United Arab Emirates
TRENDS Conference: Middle East Security and Climate Change Challenges
TRENDS Conference: Middle East Security and Climate Change Challenges
September 26, 2022 02: 56
Abu Dhabi (Union)
With the participation of Al-Ittihad newspaper and in cooperation with the Atlantic Council, TRENDS Research and Consulting Center is organizing its second annual conference, entitled “Sustainable Security in the Middle East: Challenges and Prospects of Climate Change ”, at the Council ’ s headquarters in Washington, DC, with the participation of four ministers and about 30 speakers from important political figures and experts from different countries of the world.
The conference aims to highlight climate change as a global crisis that requires new approaches and joint steps to address the consequences, while at the same time providing innovative solutions in all sectors in which climate diplomacy plays a pivotal role for a better future for the Middle East and the whole world.
This year ’ s conference will discuss climate action in the region, explore environmental challenges and opportunities, and showcase ambitious solutions.
The two-day sessions will also provide unique perspectives focusing on climate resilience, the transition to a low-emission economy, and collaboration to solve pressing challenges.
The conference aims to draw insights from experts and practitioners from within and outside the region to formulate recommendations for policymakers.
Keyword
Keynote addresses will be delivered by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Cabinet Member and Minister of Tolerance; Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Chief Executive Officer of the UAE Independent Climate Action Accelerators Project; H.E. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology; UAE Special Envoy for Climate Change; H.E. Maryam Al Muhairi, Minister of Climate Change and David Livingstone, Senior Advisor to the US Presidential Special Envoy.
Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS Research and Consulting Center, said that the second annual TRENDS conference, which coincides with the Center ’ s celebrations of its eighth anniversary, with its participation of experts and thinkers, will certainly be an important opportunity to present ideas and perceptions that help support regional and international efforts to address the threat of global warming. In order to overcome them and achieve the desired goals, especially in the field of achieving sustainable environmental security, in the Middle East region.
Dr. Al-Ali stressed that TRENDS aims to organize its second annual conference “Sustainable Security in the Middle East: Challenges and Prospects of Climate Change ”, in cooperation with the Atlantic Council, to be a bridge of knowledge and academic communication linking the most important think tanks and studies at the regional and international levels. About 30 speakers were important political figures and experts from around the world.
Regional focus
Hamad Al Kaabi, Editor-in-Chief of the Union, stressed that the media is a key partner in raising awareness of the importance of addressing climate change, which is no longer a future threat but a daily challenge facing all the world ’ s population and all countries.
Al-Kaabi, who will present a paper at the conference on “The role of media in supporting green security initiatives, ” said that the region is now the focus of the world ’ s attention as it hosts Cop27 events in the Egyptian city of Sharm el-Sheikh from November 8 to 18, and the United Arab Emirates hosts Cop28 events in the city of « Expo Dubai » in November 2023.
It has become clear that climate change has become a file that requires regional cooperation, as well as concerted global efforts to curb climate change, protect sustainable development plans, and maintain the development and prosperity paths in the Middle East.
The conference will begin with an opening speech by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Cabinet Member and Minister of Tolerance and Coexistence, while the keynote speech will be delivered by David Livingstone, Senior Advisor to the US Presidential Special Envoy for Climate Affairs.
Security and Climate Change
The first day will also feature a welcome speech by Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS Center, and Mr. Jonathan Panikov, Director of the Scowcroft Middle East Security Initiative, Middle East Programs, Atlantic Council.
The first session of the conference will discuss the topic of national security, climate change and the Middle East: current challenges and future prospects, highlighting the perspective of climate change and national security in the region and their implications for the Middle East and the stability of the region, environmental changes and the effects of global warming on public health, the link between extreme natural phenomena and increased migration flows, and climate change as a geopolitical challenge: adaptation and resilient development.
The session will be moderated by Reina Nainan, Senior Non-Resident Researcher at the Adrian Arsht-Rockefeller Foundation Resilience Center, Atlantic Council, and the co-founder ’ s CEO, News3 Dow.
Scarcity of resources
The second session will address the impacts of resource scarcity and population growth in the Middle East.
The effects of the war in Ukraine are discussed in the Middle East's main agricultural imports, such as wheat.
As well as the challenges facing the region in terms of high demand for food and water, especially in light of the expected increase in the region ’ s population, future prospects and implications of population growth and drought on the infrastructure of food and water systems, the strategic importance of water and the growing concept of cross-border water conflict in the Middle East and North Africa, the impact of climate change on supply chains, regional food security strategies and the effects of the war in Ukraine.
The session will be moderated by Dr. Christian Alexander, Head of Strategic Studies at Trends.
Clean energy
The third session of the first day of the conference will begin in the afternoon US time with a keynote address by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change.
The session will then address energy industries, infrastructure and politics in the Middle East: opportunities and challenges of the transition to clean energy, and will discuss the transition to an energy system in which environmentally friendly technologies and the potential of sustainable clean energy sources play an increasingly important role.
In addition to the role of industrial partnerships in the transition to safe and low-carbon energy systems, the transformations of key high-energy industries in pursuit of sustainability objectives, the impact of increased regional gas supplies to Europe (in light of the Russian invasion of Ukraine) on the rapid transition to wind, solar and hydrogen, the challenges of energy transition in the Middle East and North Africa, and the impact of renewable energy generation on urban infrastructure, transportation systems and electricity grids.
The session will be moderated by Dan Murphy, CNBC's Middle East anchor and correspondent.
Climate Diplomacy
The second day of the second annual TRENDS conference in Washington will begin with an opening speech by Her Excellency Maryam Bint Mohammed Al Muhairi, UAE Minister of Climate Change and Environment, followed by the fourth session of the conference entitled between COP27 and COP28: Middle East Diplomatic Efforts to Address Climate Change.
The session will address the role of climate summits in facilitating the transition to a low-carbon economy and highlight the importance of geopolitical factors related to climate diplomacy, as well as new visions for building a sustainable environmental framework, assessing the commitments and commitments made at COP26, and climate diplomacy as a growing foreign policy challenge.
The title is divided into two themes: COP27 and COP28, which will be attended by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, CEO of the UAE ’ s Independent Climate Action Accelerators Project.
It highlights the UAE ’ s hosting of this conference.
The session will be moderated by Awad Al Braiki, Head of Trends Global.
Green security initiatives
The fifth session of the conference is entitled “Multilateral Green Security Initiatives: The Beginning of a Green New Era Towards Collective Environmental Security in the Middle East ”.
It will discuss the importance of regional and collaborative efforts in operationalizing the Middle East ’ s green security initiatives, as well as ways to mitigate the challenges of environmental insecurity, and ways to enhance regional security and key infrastructure systems that accommodate different climatic conditions, through environmental measures and collective green initiatives.
The use of multilateral green security initiatives to improve the capacity of MENA countries to be global leaders in a resilient and inclusive post-carbon economy, the economic aspects of sustainable environmental security and the investments needed to achieve environmental security, and the role of the media in supporting Middle East green security initiatives.
The session will be moderated by Mohamed Al Mulla, Founder and Director of Diwan Al Mulla Network in the State of Kuwait.
The conference will conclude with recommendations and closing remarks, delivered by Somaya Hadrami, Vice President of Trends Global, and Mr. William Wechsler, Senior Director of the Rafik Hariri Center and Middle East Programs, Atlantic Council.
* Trends Research and Consulting Center is an independent research institution, established in 2014 in the Emirate of Abu Dhabi, United Arab Emirates, and is interested in looking to the future through many specialized research programs.
Trends has been able to build a strong network of relationships and partnerships with various international research centers and international governmental and non-governmental organizations and bodies, and benefit from international research and academic expertise to enhance its scientific and research role at the regional and global levels, by organizing scientific events that enrich the exchange of research experiences and expertise, and the production of various publications in various fields of human knowledge. *
All rights reserved to Al Ittihad Newspaper 2022 ©

Several countries in the region, including the United Arab Emirates (UAE), Saudi Arabia, and Egypt, have launched ambitious plans to invest in solar energy and other renewable sources.

Title:

Content: World Future Energy Summit to focus on providing ‘sustainability blueprint’

The three-day event will be held at the Abu Dhabi National Exhibition Centre from January 16 to January 18

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The 2023 World Future Energy Summit aims to provide a “crucial sustainability blueprint” amid a global focus on the energy transition and measures to boost investment in the renewables sector.

Energy industry leaders and policymakers from around the world will participate in the three-day event at the Abu Dhabi National Exhibition Centre from January 16 to January 18, organisers said on Wednesday.

The summit is the centrepiece of Abu Dhabi Sustainability Week, a global initiative championed by the UAE and Abu Dhabi's clean energy company Masdar to hasten sustainable development and advance economic, social, and environmental progress.

“This event has evolved just as the energy sector and our economies are transitioning,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“It has now morphed into the Middle East’s most important industry gathering, of which clean energy and infrastructure are key components.”

Countries in the Middle East such as the UAE, Saudi Arabia, Jordan, Oman and Egypt are boosting investment in the clean energy sector.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

It is building the world’s largest solar plant with a capacity of two gigawatts in Abu Dhabi's Al Dhafra region that is expected to be ready next year, as well as the Mohammed bin Rashid Solar Park in Dubai with a capacity of five gigawatts.

Saudi Arabia, the Arab world’s largest economy, also announced a number of new renewable energy projects as it seeks to become carbon neutral by 2060.

Egypt, the most populous country in the Arab world, aims to derive 42 per cent of its electricity mix from renewable sources by 2035. The North African country is hosting Cop27 next month.

“This newly transitioned event profile is in the right place at the right time, underlining a much-needed shift towards reaching our clean energy goals, as well as achieving sustainable governance and adopting consumption and [the] production of natural energy methods that ensure the quality of life for current and future generations,” Mr Al Mazrouei said.

Renewable energy investment continued to rise amid green transition efforts globally. Capital investments in renewables are set to surpass oil and gas spending for the first time in 2022 as high power prices prompt countries to further diversify their energy mix, according to a report by Rystad Energy.

Investment in renewable energy is set to hit $494bn in 2022, outstripping upstream oil and gas spending at $446bn for the year, the Oslo-based energy consultancy said this month.

In addition to the focus on energy, water, eco-waste, solar, smart cities, climate and the environment, next year's event will also preside over the launch of a dedicated hydrogen innovation centre as demand for the clean fuel picks up globally amid green transition efforts, organisers said.

The event takes place at a time when the UAE is preparing to host Cop28 next year.

Updated: October 19, 2022, 10:41 AM
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The UAE, for example, aims to achieve net zero emissions by 2050 and has invested $163.5 billion in clean energy projects.

Saudi Arabia, on the other hand, targets carbon neutrality by 2060, while Egypt aims to generate 42% of its electricity from renewable sources by 2035.

The region's solar capacity is growing rapidly, with the UAE hosting the Mohammed bin Rashid Solar Park, which has a capacity of 5 GW.

Title:

Content: The Middle East and North Africa have significant investments in wind energy
The Middle East and North Africa have significant investments in wind energy
Renewable energy throughout the Middle East and North Africa is usually talked about from one point of view: the sun shining strongly on the region ’ s deserts.
Solar energy is indeed a great source of energy and is designed to power equipment and appliances, but wind also blows through the plains, hills and seas of the Middle East, and megaprojects harness the power of wind and turn it into energy.
Political analyst Robin Mills says the Middle East and North Africa (MENA) region actually started using modern wind energy on a commercial scale a decade before using solar power, with projects in Morocco, Egypt, Israel and in Tafileh in Jordan, where the turbines are slowly spinning near the ancient fortress of Karak.
The cheapest electricity in the world is generated from solar power in the UAE and Saudi Arabia, and global projects such as the largest single-site solar farm in Al Dhafra in Abu Dhabi, with a power of 2 GW, and two of the largest multi-project sites, the Mohammed bin Rashid Solar Park in Dubai (5 GW) and Banban in Egypt (1.8 GW), can also be installed. solar on a smaller scale on the shelves of homes and factories.
Despite the lack of consistency unlike Northwest Europe, there are excellent wind resources in the MENA region.
Winds are blowing in southern Morocco and the areas around the Gulf of Suez and Aqaba in Egypt, Jordan, northwestern Saudi Arabia, southern Egypt and the southeastern coast of Oman.
Parts of Libya, southern Tunisia, the Algerian desert, inland Iran and Kuwait also experience strong winds, and in contrast to most parts of Europe, the region has open spaces where the construction of wind stations will not be rejected by some segments of society.
Egypt, which hosted the COP27, benefits from having projects that produce 1.59 GW currently installed, 0.75 GW under construction and 1.6 GW planned, and has signed a series of projects in recent weeks, which have included memorandums of understanding with Norwegian developer Skatek for 5 GW, with UAE clean energy company Masdar for 10 GW, and with Saudi energy development company Aqua for 10 GW.
It will be the second largest wind farm in the world, and the largest is Gansu, which produces 20 gigawatts in China.
Aqua is already building a 1.1 GW wind farm at Jebel Zeit on the Gulf of Suez, which will be the largest in the region when it comes into operation in late 2026, with Egypt ’ s total projected production capacity of 24 GW, the seventh largest national capacity in the world according to current figures.
In addition, Egypt, Saudi Arabia, Oman, Morocco and Mauritania will need huge wind farms to build their planned green hydrogen projects, which use renewable electricity to analyze water with electricity.
Under MENA conditions, wind power is likely to be more expensive than solar, even if Saudi Arabia gets a very competitive tariff of 2.13 cents per kilowatt-hour for its first wind farm in Dumat al-Jandal (which was the lowest solar contract in the region at 1.03 cents per kilowatt-hour).
Wind power also takes longer to build, and production cannot be predicted after a few days.
But wind has many advantages: it is clear that it often blows at night more strongly than during the day, making it complementary to solar energy.
This is especially useful in hot early autumn evenings, when people need air conditioning even after sunset.
Solar energy in the region has achieved a capacity factor, which is the average output of the source as a proportion of its peak output, and is about 20 percent over the year, allowing work at night and different seasons, Egyptian wind power manages 53 percent, and solar and wind power in the best locations can have a combined capacity factor of more than 70 percent.
And there are still some vital questions about the location of turbines and mega projects planned in Egypt?
Wind lanes around Sinai are relatively confined and surrounded by mountains, and areas to the south on the Red Sea coast, or inland areas with difficult logistical hurdles, will have to be considered.
And will the region venture out and explore offshore wind power, as Northwest Europe has successfully done?
There are stronger and more consistent winds, and much more room to develop them, albeit at higher costs.
Will current project announcements overlap with green hydrogen projects?
If this is done, the wind requirements will be much greater, and will provoke competition for good sites and equipment.
Can countries in the Middle East and North Africa that are less exposed to wind power, particularly the UAE, Qatar and Bahrain, benefit economically from improved turbines for slower wind speeds?
Will other wind-blowing countries with low energy, such as Iraq, Kuwait, Libya and Tunisia, start adopting this technology?
If those questions can be answered with a yes, the spinning turbines and shimmering solar panels in the Middle East and North Africa will become a symbol of the region ’ s shift to clean energy.
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The Al Dhafra solar farm in Abu Dhabi has a capacity of 2 GW, making it one of the largest single-site solar farms in the world.

Egypt has also made significant investments in solar energy, with the Benban Solar Park having a capacity of 1,800 megawatts.

Title:

Content: Chairman of the Board of Directors and Editors
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Mohamad Elbaz
Chairman of the Board of Directors and Editors
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Mohamad Elbaz
Economy: Benban and the Gulf of Suez are among the largest renewable energy projects
Economic Middle East magazine, which specializes in economics and energy, said that the Benban solar park and the Gulf of Suez wind project in Egypt are considered among the largest renewable energy projects in the Middle East.
Renewable Energy Projects in the Middle East
The Middle East has long relied on oil and gas, not only for revenue but also for power generation, but in the past years, the region has positioned itself as a leader in the renewable energy sector, boasting numerous renewable energy projects.
From 2023 to 2028, Mordor Intelligence expects the renewable energy market in the Middle East to grow by 13.43% annually.
The Arab Clean Energy Initiative was launched by the International Renewable Energy Agency (IRENA), and during the Arab Economic and Social Development Summit of 2013, the League of Arab States adopted the initiative, with leaders pledging to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.
Benban Solar Park
Located in Aswan, Egypt with a capacity of 1,800 megawatts, Benban Solar Park is valued at $4 billion and includes 41 solar power plants, one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels, this initiative is a component of Egypt ’ s Renewable Energy Feed Tariff (FiT) program, which was unveiled in September 2014.
Gulf of Suez Wind Power Project
In November last year, ACWA Power and the Sovereign Fund of Egypt (TSFE) signed a memorandum of understanding, and together they will invest in a 1100 MW wind power project in Jebel Zeit and the Gulf of Suez. The project is one of the largest onshore wind farms in the world, and aims to provide power to more than one million households and reduce annual CO2 emissions by 2.4 million tons.

The Gulf of Suez Wind Power Project in Egypt has a capacity of 1,100 MW, reducing carbon emissions by 2.4 million tons.

Government incentives have played a crucial role in promoting the development of solar energy in the region.

Title:

Content: Wednesday 05 April 2023
Chairman of the Board of Directors and Editors
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
Chairman of the Board of Directors and Editorial Board
Abdurrahim Ali
Editor-in-Chief
Dalia Abdul Rahim
NEWS
$120 MILLION INVESTMENTS FOR THE FIRST WASTE TRANSFORMATION PLANT FOR ELECTRICAL ENERGY IN AB
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Minister of Environment Yasmine Fouad, Minister of Electricity and Renewable Energy Mohamed Shaker, Minister of Finance Mohamed Maait, Minister of Local Development Hisham Amna and Minister of Military Production Mohamed Salah El-Din signed a contract to finance, design, construct, exploit, maintain and transfer the ownership of the first plant to convert municipal solid waste into electricity between Giza Governorate and Renergy Group. Partners, with a total cost of about $120 million direct investment, is a milestone in Egypt ’ s localization of waste-to-electricity technology and enhanced partnership with the private sector.
Dr. Fouad stressed that this step is the culmination of a long journey and a success story of a journey that lasted 3 years, with constructive cooperation between the concerned ministers, and the Egyptian government has adopted a national strategy to allocate part of the collected municipal solid waste amounting to 4.5 to 5 million tons annually to convert it into energy. The use of waste as a source of energy is one of the national projects in which the Ministry of Environment participates in cooperation with several official bodies, such as the ministries of military production, local development and electricity, and comes within the framework of a package of incentives and guarantees provided by the government to encourage the private sector in Egypt to invest in waste management.
The Minister of Environment pointed out that the issuance of the Council of Ministers Resolution No. 41 of 2019 on the tariff of electric feeding generated from (municipal solid waste - biogas extracted from safe sanitary landfills - sludge from sewage treatment plants), was the cornerstone of the construction, where a national committee was formed with the participation of representatives of various parties, and issued a guide for projects to convert waste to energy. In April 2020, it was announced to receive requests for interest from companies wishing to invest in the field of converting waste to energy, and the number of companies advanced was (92) companies, evaluated through a technical committee, and the completion of the rehabilitation of (53) companies, including 19 Egyptian companies, and 34 foreign companies.
The minister pointed out that waste is not only a national challenge, but it is linked to a global challenge that is climate change, where waste is the second source of greenhouse gas emissions in Egypt after the energy sector with 13% of Egypt ’ s emissions, and the involvement of the private sector is a significant step forward. Wastes for electric power implemented 16 plants, which means adding direct investment to the private sector in the waste sector by about $1.6 billion.
The minister added that the creation of a climate supportive of the entry of the field of waste conversion to electricity requires three steps, namely the issuance of the Waste Management Law and the feeder tariff in 2020, the preparation of the contract, which is highly complex due to the multiplicity of partners, in addition to the state setting a number of incentives through the new investment law in four areas, namely waste management, new and renewable energy, green hydrogen and plastic alternatives.
The Minister of Environment explained that in implementation of the mandates of His Excellency the President to focus on Egyptian companies in the implementation of the first phase of projects to convert waste to energy, in order to localize technology and support national companies, criteria were set for the selection of 8 Egyptian companies, and the Prime Minister met with investors. Wm (Atsa), Beheira (Abu Matamir), Damietta (Abu Jarida), Menoufia (Eshmoun), Sharqiya (Husseiniya)
"Since the decision to start the implementation of this project as the first project to convert waste to electricity, the Ministry of Environment has been keen to complete all the procedures for contracting the right of use for the design, construction and operation of the power plant from solid waste, through a major consultative process in cooperation with all partners," she said. Between the competent administrative authority and the investor and its approval, legal review, holding consultation sessions with the concerned authorities, and then reviewing and approving the contract by the Fatwa Department of the State Council, until we reached the day of signing the contract, which is a starting point for the implementation of the project.
The minister pointed out that this contract is a real step to start the first projects to convert municipal solid waste to electricity, which is a model for sustainable development projects and the green economy, where it achieves the environmental dimension by reducing the accumulation of waste within the provinces that lead to environmental damage and emissions, and reduce the amount of waste buried in health landfills, in order to reduce pressure on them and help sustain them for longer periods. By enabling the production of electricity that is suitable for self-use in the plant and for connection to the network, which provides a material return and provides a new source of energy, and contributes to the implementation of a type of project under the golden license within the framework of the green transformation of the state.
The Minister thanked the teams of all ministries and partners in the implementation of the project, and appreciated their efforts over the past years to overcome the obstacles and meet the challenges to bring this project to light.
For his part, Minister of Electricity and Renewable Energy Mohamed Shaker stressed the importance of encouraging investment in this field within the framework of the global and local trend to increase the share of renewable energies and switch to clean green energy. these projects.
Minister of Finance Mohamed Maait stressed that the projects of converting solid waste to electricity create a new path to promote environmentally friendly investments in the sectors of development and economic priority, in a way that leads to the establishment of a healthy environment and achieve an economic return, in line with the efforts of the transformation of the green economy.
The Minister of Finance added that we look forward to more contributions from the private sector in the national priority investments, in light of the unprecedented support provided by the government to enhance its participation in economic activity, through many tax and customs incentives, and supporting production, including the initiative to support the agricultural and industrial productive sectors, which applies to new and renewable energy activities. He pointed out that the state treasury also bears 5 billion pounds worth of real estate tax on industrial and productive sectors for three years, as part of the continuous support to maximize our productive capacities in light of the successive global crises.
The Minister of Finance pointed out that there are financial incentives to deepen the automotive industry in Egypt and encourage the transition to the use of gas and electricity, pointing out that we are continuing to implement the presidential initiative to replace obsolete vehicles to work with natural gas, where 15 governorates have been covered so far. The Framework for Sustainable Sovereign Finance was launched during the previous Climate Summit, which represents an important step in the field of innovative financing to achieve most of the United Nations Sustainable Development Goals, by covering 10 axes, including: New and Renewable Energy, pointing out that the new and renewable energy projects are at the forefront of the concerns of the sector « Partnership with the private sector in the Ministry of Finance P.P.P.P.P. ». to 10 billion pounds of electricity, in line with maximizing green transformation efforts.
For his part, Major General Hisham Amna stressed the ministry 's keenness to provide all support for the success of the important project in implementation of the directives of the President of the Republic and his support for the projects of converting waste to energy and expanding new and renewable energy projects to preserve the environment. He pointed out that Giza Governorate has contracted with the alliance of the Ministry of Military Production represented by the alliance of RENERGY GROUP PARTNERS to establish a municipal solid waste treatment plant to convert it to electric power in Aborwash area to process a capacity of 1200 tons / day and investment costs estimated at $120 million.
The Minister of Local Development said that the land was allocated for the establishment of the project for the Ministry of Military Production and the environmental impact assessment studies of the project were prepared, as well as the cadastral lift and the preliminary feasibility study of the project with the work of the initial design of the plant in the project land. This technology in the treatment of waste that the amount of the final rejected that will be buried healthy safe only 5% compared to the current technologies, which the size of rejected 25%, which leads to the optimal utilization of the safe burial sites that have been built to extend the life time of them and thus preserve Egypt ’ s resources of land.
For his part, Minister of State for Military Production Mohamed Salahuddin Mustafa stressed the keenness of all concerned parties to move forward in the implementation of this important project, which will contribute to improving the environmental, health and living conditions of citizens and reduce pollution rates, in light of the directives of President Abdel Fattah Al-Sisi to work on implementing projects that contribute to improving the lives of citizens and providing them with a decent life. He pointed out that this project is based on an exceptional partnership between the public and private sectors, adding that the transfer of knowledge and advanced and modern technical industry to Egypt in the field of waste recycling, where the industry will be localized from equipment within the factories of the Ministry of Military Production.
Major General Ahmed Rashid, Governor of Giza, stressed that the integrated management system of municipal solid waste is one of the difficult challenges facing the state to find sustainable and immediate solutions in the treatment of municipal solid waste through converting it into electricity, which contributes to maintaining the environmental balance, reducing air pollution emissions, and maximizing the economic value of waste. A clean card to take into account the factors of sustainability and the sustainable development strategy of the vision of Egypt 2030, in addition to seeking to achieve many of the expected economic goals that the state seeks to achieve by investing in such projects based on alternative sources of energy within green investment and relying on the establishment of green investment projects, which many countries of the world depend on as a main source of national income.
Major General Ahmed Rashid expressed his great happiness for the choice of Giza Governorate to establish the first factory of its kind to convert waste into energy, through which we can rely on the large population population of Giza Governorate, along with industrial areas and agricultural lands in the centers and cities of the governorate, which results in a huge amount of waste that can be used to feed that industry. And financial in the establishment of a municipal solid waste treatment plant and convert it into electricity, which contributes to the maintenance of public health of citizens.
Mr. Robert Falk, CEO of Renergy Group Partners, pointed out that the project is part of Egypt ’ s Vision 2030, where the plant will treat 1,200 tons of household waste and convert it into electrical energy and convert waste from a problem to a solution for renewable energy production, stressing that the project was developed under the supervision of the Ministry of Environment and cooperation with the relevant ministries. RATE, which means relieving the government financially, as the Renergy Group Alliance through its partners the Ministry of Military Production, Green Tech Egypt and Oak Holding will build, own and operate the project for 25 years, after which ownership of the plant will be transferred to Giza Governorate.

In Egypt, for example, the government has launched the Renewable Energy Feed Tariff program, which provides a fixed price for renewable energy producers.

The UAE has also introduced a number of incentives, including a net metering scheme, which allows households and businesses to generate their own solar energy and sell any excess back to the grid.

These incentives have encouraged private sector investment in solar energy, with 92 companies expressing interest in waste-to-energy projects in Egypt.

The energy transition in the Middle East is expected to have a significant impact on the local economy and climate goals.

Title:

Content: The Middle East is on the cusp of an energy revolution.
In the midst of unprecedented climate change
The next morning – follow up:
The world is currently facing extreme weather extremes, from flash floods to heavy rainfall to record-high temperatures and wildfires, all pointing to a single source: climate change driven by carbon emissions in the air.
The Middle East is particularly affected by this situation as it produces and consumes a very large amount of carbon-emitting fossil fuels that in turn lead to climate change.
A UN report by a UN scientific panel described climate change as unprecedented, saying it was definitely people who were responsible for climate change.
He called for drastic cuts in emissions in order to keep global temperature below the limits set out in the 2015 Paris climate agreement.
According to the Intergovernmental Panel on Climate Change (IPCC), “The scope of recent changes in aspects of the climate system as a whole and the current state of many aspects of the climate system are unprecedented for centuries or several millennia. ”
"Based on the available evidence, they have high confidence that atmospheric carbon dioxide concentrations were higher in 2019 than at any point in at least two million years, and that since 1970, global surface temperature has risen faster than any other 50 years in at least the last two millennia."
234 experts from 66 countries wrote the report, the most comprehensive since 2013.
Many of the effects of climate change can no longer be avoided today.
John Alterman, vice president of the Center for Strategic and International Studies, director of the Middle East Program and director of the Brzezinski Chair for Global and Strategic Security, says no region in the world is more immersed in the consequences of global climate change than the Middle East.
The region accounts for 30% of global oil production and oil revenues are the locomotive of government revenues in the region, either because countries produce oil or because countries produce a workforce working in oil-exporting countries and send money home.
Because of oil revenues, Middle Eastern governments can and do employ large numbers of their own population.
As the world moves away from oil as a source of energy, the economies of the Middle East will change profoundly.
John Alterman adds in a report published by the Center for Strategic and International Studies that at the same time the Middle East is vulnerable to the consequences of climate change.
The region is already extremely water-poor, with the Middle East having 9 of the 10 most water-poor countries.
Drought pushes farmers away from their land and the region ’ s many coastal cities are threatened by sea-level rise, and rising summer temperatures increasingly combine with humidity to endanger human survival.
The Middle East is thus rooted on both sides of the issue of climate change.
As global consumption patterns change, the Middle East will change profoundly.
With climate change, the Middle East will also change profoundly.
He adds that developing countries' energy consumption rises sharply as incomes increase and are likely to rely on existing equipment and technology for longer.
While the rich can spend thousands on green products, for much of the world ’ s population oil and gas will remain affordable fuel.
But Middle Eastern governments may not be willing to cut their oil production.
A sustained drop in global consumption, however small, would put pressure on Gulf states to increase output in a bid to drive higher-cost producers out of the market and ensure they are not left with less valuable barrels in the ground when consumption falls further.
Governments across the Middle East have been preparing for a post-oil world for years but are still far from their goals, says John Alterman.
In the Gulf countries, years will be needed to move from the reality of high-productivity, low-wage workers supporting the efforts of low-productivity, high-wage workers.
The energy transition will be important for more than just the Middle East.
Energy security is the driver of much of China ’ s recent investment in the region.
If China decides that its energy security derives from mines in Africa and not from wells in the Middle East, we should expect a shift in Chinese interest and capital.
If there is a more permanent role for oil and gas in the global energy picture, there could be more competition between the United States and China for regional influence.
Finally, Western countries could move away from hydrocarbons for environmental reasons while China and the developing world remain devoted to them for economic reasons.
This could almost be reflected in America abandoning its future role in the Middle East, with China capturing much of this inaction.
Related Articles

The region is vulnerable to the consequences of climate change, including drought and sea-level rise, which threaten regional cities and farmers.

The energy transition is expected to create new job opportunities and stimulate economic growth, while also reducing the region's carbon footprint.

Title:

Content: Contribution ｜ Explore Hong Kong ’ s role and opportunities in the development of renewable energy in the Middle East
Author: 01 More Voices
Published: Updated:
In recent years, Hong Kong has actively promoted the development of renewable energy and launched a number of related products in the financial market.
In addition, more and more Hong Kong enterprises have also started to participate in the development of this industry, especially in the financial market, and launched a number of financial products to support the development of renewable energy.
At the same time, many countries in the Middle East, such as the United Arab Emirates, Jordan, Saudi Arabia, Oman and Turkey, are also actively engaged in various large-scale projects to promote the development of renewable energy, and expect to see a different energy mix and economic development model in 2030 or 2050.
For Hong Kong, China and other countries, the development opportunities of the Middle East market cannot be ignored, and Hong Kong ’ s participation in this area cannot be underestimated.
Submitted by: Kwong Cheuk-wui
Recently, I had the opportunity to participate in several seminars on economic and energy development in the Middle East, and have in-depth exchanges with government representatives in charge of foreign affairs and trade from various Middle Eastern countries and Azerbaijan.
These exchange experiences provide the author with a wealth of insight.
After many in-depth talks, to understand the interest and momentum of the development of renewable energy in many countries in the Middle East, the author synthesized the information from various parties and came to the following insights: The reason why the major oil producers in the Middle East are actively developing renewable energy is to achieve economic diversification and get rid of dependence on oil and related industries.
They hope to turn the country ’ s surplus renewable energy into new, dependable foreign revenues (i.e., revenues generated from natural resource exports; “Rents ”) through innovative technologies.
For other non-oil producing countries, they want to achieve economic sustainability through the development of renewable energy, reduce dependence on traditional fossil fuels or electricity imports, and convert renewable energy into new external rental income to boost the country ’ s economic development.
From this, it can be seen that the Middle East countries are very concerned about the development of renewable energy, but also hope to complete the energy transformation as soon as possible, and look forward to renewable energy can produce more and greater economic benefits, create new dependent income, promote economic diversification and modernization, but also benefit thousands of people.
As a result, many countries in the Middle East have invested heavily in and promoted energy transformation and clean energy development.
Although many countries have made extraordinary achievements in driving renewable energy development, they also face many challenges.
Jordan, for example, has a wealth of renewable energy resources, including solar, wind, geothermal and bioenergy, as well as state-of-the-art renewable energy laws, regulatory mechanisms and development frameworks.
Earlier this year, Jordan successfully achieved its national roadmap, originally set for 2030, with renewable energy accounting for 31% of total energy.
The Jordanian government also plans to increase this target to 50%, and is committed to building the country into a regional renewable energy development center and exporting environmentally friendly power to neighboring countries to increase the country ’ s foreign revenue.
However, like other Middle Eastern countries, Jordan faces a host of challenges.
These challenges include lagging energy infrastructure, imperfect grid planning, an over-concentration of resources on solar and wind with less focus on geothermal energy, and a lack of energy storage systems and foreign investment.
In addition, there is the debt problem of the national power company.
These difficulties not only affect Jordan ’ s progress in developing renewable energy, but also act as a barrier to modernizing and diversifying the country ’ s economy.
Some Jordanian officials and scholars are concerned about whether the development of renewable energy is progressing as expected.
They are concerned that if the development of renewable energy and its core economic development model are not carried out smoothly, or if the newly set targets are not successfully achieved, the country ’ s economic sustainability will be adversely affected.
At the same time, it can undermine the credibility and governance of the government.
In particular, those political forces that have been opposed to the use of renewable energy to promote economic development and diversification may take the opportunity to launch opposition actions, further endangering the political stability and regional security of the country and the Middle East as a whole.
It is worth noting that these challenges are not only in Jordan, but also in Middle Eastern countries such as Morocco and Egypt.
Other countries such as the United Arab Emirates, Oman, Saudi Arabia and Qatar have also made great efforts to develop solar and wind power in recent years, but in addition to the above concerns and challenges, there are also concerns that the development of renewable energy will have some impact on the high dependence of these countries ’ economies on oil and gas markets, which may affect existing incomes and lead to economic and social instability.
Other factors include the huge demand for capital, the need for foreign technology and talents, the need for talent training, economic feasibility, etc. These are also issues of concern to the officials of these Middle Eastern countries.
These challenges are in fact a valuable development opportunity for Hong Kong.
The key is to make good use of our strengths, especially in the Belt and Road Initiative, to work with the Middle East countries to promote renewable energy and green economy development.
This not only helps these countries diversify their economies, but also creates development opportunities for Hong Kong businesses and governments, and indirectly promotes the development of other industries.
I suggest that Hong Kong can establish cooperation platforms and channels of communication with transnational organizations in the Middle East and North Africa, such as the Arab Parliamentary Union, the Gulf Cooperation Council, the Turkic Parliament and the Arab Maghreb Union.
Such a platform could be used to explore free trade agreements and to help Middle Eastern countries provide services such as finance, advisory, legal, education or training, and energy infrastructure.
This will not only help Hong Kong consolidate its leading position in the professional services sector and the financial sector, but will also directly or indirectly create many development opportunities, especially in Islamic finance.
Finally, Hong Kong can consider providing financial support to the Middle East countries by assisting in the issuance of Islamic financial bonds to promote the development of renewable energy, and can also take the opportunity to develop Islamic finance in Hong Kong as a new financial center outside the Islamic world.
Of course, Hong Kong should not only cooperate with major countries such as Saudi Arabia and the United Arab Emirates or the above-mentioned multinational organizations and platforms, but also consider other regions with development potential and worthy of investment, such as Turkey, Azerbaijan, Morocco, etc.
This diverse collaboration will help Hong Kong expand its international presence and contribute to global sustainability in the renewable energy sector.
The author, Mr Kwong Cheuk-rui, is the Executive Director of the Hong Kong Group of Ideas, a Master of Arts from the Australian National University, and has worked at the Australian Institute of International Affairs.
The article is only the opinion of the author and does not represent the position of Hong Kong 01.
Please email us at 01view @ hk01.com.
Please attach the author ’ s real name and contact details.
If not applicable, without prior notice.

However, the transition also poses challenges, including the need for significant investment in new infrastructure and the potential for job losses in the traditional energy sector.

The Middle East has set ambitious targets for renewable energy development, with the Arab countries aiming to triple global renewable energy capacity by 2030.

Title:

Content: Sunday, 24 September 2023 02: 03 GMT
2030 Arab Goal to Advance Renewable Energy Capabilities Globally
(MENAFN- Al-Bayan) $(resize) .css ('font-size', newFontSize); return false;});});
Several Arab countries are accelerating to keep pace with the international aspiration to achieve the goal of tripling global renewable energy capacity by 2030, which is receiving widespread attention, amid various plans and strategies at national levels in many countries.
The Arab countries that are likely to play the largest role in this regard, according to industry experts, are the UAE, Saudi Arabia, Oman, Kuwait, Egypt, Jordan, Algeria and Morocco, by injecting more investments into this vital and promising sector.
During the recent G20 summit in New Delhi in September, G20 leaders expressed their support for all efforts to increase renewable energy capacity and pledged to accelerate measures to address environmental crises and challenges.
With this growing international interest in the energy transition, the plans are facing many challenges, including (but not limited to) access to finance, especially for low- and middle-income countries, with significant investment required over the coming years.
(Al-Bayan), a group of American academics and specialists in the renewable energy sector were surveyed about the main opportunities and challenges on the way to increase the desired capacity, the investments required to achieve that goal, and the extent of its expected environmental and economic repercussions.
Huge spikes.
Achieving the ambitious goal of doubling global renewable energy capacity in the near term will be reflected concretely in several contexts, explains Gregory Nemet, a specialist in the analysis of international energy systems and environmental policies at the University of Wisconsin. By 2030, it will deliver significant benefits in terms of jobs, economic development, and improved air quality, as well as putting the world on the path to addressing climate change in the long term.
“The costs of renewable energy, especially solar and wind, have dropped dramatically over the last 10 years, and most experts expect them to continue to fall, ” says Nemet, explaining that a clean, affordable source of energy creates huge opportunities, allowing global renewable energy capacity to be tripled by taking full advantage of it.
According to Nemet, the 3-fold increase also presents challenges, such as “access to finance for low- and middle-income countries, and investments in electricity grids to accommodate this growth ”, stressing that“ challenges can be overcome through sustained efforts and supportive policies, as we have seen many examples in the recent past. ” A sign of broad international cooperation is required in this regard.
Last year, renewable energy capacity (globally) increased by 9.6 percent to 3,372 gigawatts, an increase of a record 295 gigawatts, despite global uncertainty in light of geopolitical developments and the Ukrainian war, according to data published by the International Renewable Energy Agency (IRENA) on March 22.
Almost half of the new capacity from renewable energy in Asia has been added, with China contributing more than 141 gigawatts to the new capacity of the entire continent.
Renewable energy sources in Europe and the United States grew by 57.3 gigawatts and 29.1 gigawatts respectively.
African capacity increased slightly by 2.7 gigawatts.
According to IRENA data, although hydropower accounts for the largest share of total global renewable energy capacity at 1,250 gigawatts, solar and wind power continue to dominate new capacity, contributing 90% of total capacity last year.
Solar capacity came first with an increase of 22%, followed by wind power with an increase of 9%.
Policies and Incentives
University of Massachusetts academic David Turcotte, whose research interests include climate change and environmental justice, believes that there are many opportunities in the context of increasing global renewable energy capacity, due to increases in oil prices as a result of the Ukrainian crisis, which makes renewable energy sources more cost-effective, as well as worsening economic and human costs. Recurrent, more severe climate change disasters.
“Many developed countries have expanded policies and incentives to encourage increased capacity to produce renewable energy.
However, we still face a lot of challenges […]
That threatens to derail efforts to increase renewable energy capacity, and the transition to a clean energy economy.
Among these challenges is the lack of adequate funding to support increases in renewable energy capacity in developing countries, a challenge he described as “serious. ”
While international efforts are accelerating to target investments in the context of increasing global renewable energy capacity, those investments are still below the 1.5 ° C target.
This is shown by data from IRENA and the Climate Policy Initiative (CPI) released in February, which estimate the total volume of investments in renewable energy sectors during 2022 at $499 billion, up from $430 billion in the previous year 2021.
Developments in the world over the past year, especially with the start of the Russian military operation in Ukraine in February 2022, have also encouraged many countries to move more towards renewable energy sources, to overcome the energy crisis caused by the consequences of the war, in the interest of the desired goal of increasing capacity.
Required investments
John Hall, Professor of Mechanical Engineering at the Center for Energy Production and Infrastructure, University of North Carolina, United States, notes that “the goal of tripling global renewable energy capacity by 2030 is a challenge, and achieving the goal requires an intensive global strategy, focused on significant financial investment, technological innovation targeting these communities, inclusive policies, and collaborative efforts. ”
Speaking with Al-Bayan, he stressed that community participation and infrastructure development in underserved areas should be central to the strategy, leading not only to the promotion of the energy transition, but also to economic upgrading.
The International Renewable Energy Agency (IRENA) estimates that $4 trillion per year will be required in the clean energy sector until 2030 to strengthen global capacity in this regard.
Logistical challenges
Warren Mabey, an academic at Queen ’ s University who specialises in energy policy and natural resource management, told Al Bayan that “it is technically possible to triple global renewable energy capacity over the next six years, and this will put enormous pressure on the global supply chains that support the sector. and manufactured goods, necessary for the transformation process).
Mabe believes that “the cost will be enormous, and the logistical challenge may be too great to overcome ”, stressing the need for“ strong and consistent leadership from countries around the world to achieve this. ”
Arabic Steps
At the Arab level, five Arab countries (Egypt, Morocco, Oman, Saudi Arabia and the United Arab Emirates) are expected to account for about 72% of the region ’ s total growth in renewable energy, according to the Organization of Arab Petroleum Exporting Countries (OAPEC), which expects renewable energy capacity to reach 45 gigawatts by 2027, an increase of 3 times. Compared to the last five years.
The International Renewable Energy Agency (IRENA) estimates that in 2022, the Middle East saw the highest increase in renewables ever, with 3.2 gigawatts of new capacity added last year, a 12.8 percent increase over the previous year.
According to the Arab Renewable Energy Authority (AREA), the volume of investments by Arab countries in renewable energy projects is expected to reach $1 trillion by 2040, in light of the interest of Arab governments in this file, to achieve global environmental goals.
A Great Leap in 10 Years
According to the current data, the renewable energy sector in the region is expected to witness a huge leap in the next 10 years, at a time when eight Arab countries are leading this trend, according to the researcher in international relations and political economy, Abu Bakr al-Deeb, adviser to the Arab Center for Studies and Research, who tells Al-Bayan that the countries strongly candidate to move in this direction are:, Kuwait, Egypt, Jordan, Algeria and Morocco).
Aldeeb also cites the volume of electricity generated from renewable sources in the Middle East and Arab countries, which is expected to increase six-fold in 10 years through heavy reliance on solar photovoltaic energy, noting that the Arab region has “great potential ” to help launch major projects to produce energy from the sun. And wind, among these possibilities or advantages (the right climate, the bright sun most days of the year, as well as human expertise, and financial capabilities also for some countries).
The UAE is at the top of the list of Arab countries that produce electricity from solar energy, while Egypt is the largest country in the Arab world in terms of electricity production from wind energy, according to a report issued by (Global Energy Monitor), which Al-Deeb cites when explaining the progress made by some Arab countries in this sector, The UAE, Egypt, Jordan and Morocco are among the first Arab countries to establish solar and wind power plants.
According to the report, renewable power plant projects for Arab countries are likely to achieve 92% of the region ’ s total target by 2030 when completed.
One of the most reliable projects in this regard is the Green Hydrogen projects, through which the Middle East is seeking global leadership, with export revenues likely to reach $200 billion by 2050 for the Gulf countries, according to a study by Dii Desert Energy.
In this context, Al-Deeb notes the abundance of renewable energy resources, clean hydrogen, human expertise, capital, and their geographical proximity to the European market, all of which provide them with important and growing opportunities.
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The region is expected to see a significant increase in renewable energy capacity, with solar and wind power contributing 90% of new capacity.

The UAE, Saudi Arabia, and Egypt are leading the way in renewable energy investments, with the UAE investing $163.5 billion in clean energy projects.

The region's renewable energy capacity is expected to reach 45 gigawatts by 2027, with green hydrogen projects generating $200 billion in export revenues by 2050.

The energy transition in the Middle East is also driven by the need to improve energy security and reduce reliance on fossil fuels.

The region is home to some of the world's largest oil reserves, but it is also one of the most water-scarce regions in the world.

The energy transition is expected to help reduce the region's water footprint, while also improving energy efficiency and reducing waste.

The UAE, for example, has launched a number of initiatives to reduce energy consumption and promote sustainable development, including the Dubai Clean Energy Strategy.

In conclusion, the energy transition in the Middle East is a significant and ongoing process, driven by the region's desire to reduce its carbon footprint, improve energy security, and diversify its economy.

The region has made significant investments in solar energy and other renewable sources, with government incentives playing a crucial role in promoting development.

The energy transition is expected to have a significant impact on the local economy and climate goals, creating new job opportunities and stimulating economic growth, while also reducing the region's carbon footprint.

As the region continues to transition towards a more sustainable energy mix, it is likely that we will see significant economic, environmental, and social benefits.


The Labubu phenomenon refers to the significant popularity of Labubu, a character and brand of collectible plush toy monster elves created by Hong Kong designer Kasing Lung and marketed by Pop Mart, a Chinese toy company.

Labubu has gained significant popularity, with fans lining up to purchase them, and has become a viral sensation, particularly on platforms like TikTok.

The popularity of Labubu has led to a surge in global revenue for Pop Mart, with the company's founder becoming significantly wealthier.

According to reports, Labubu has been awarded the "Magic Thailand Experience Officer" title in Thailand and has made appearances in Bangkok, Thailand, with grand welcome ceremonies.

The character's popularity has also led to the opening of a Bubble Mart IP theme store in Thailand, with Thailand's Minister of Tourism and Sports attending the welcoming ceremony.

Labubu's success can be attributed to its unique design and marketing strategy, which has resonated with fans worldwide, particularly on social media platforms like TikTok.

The character's limited edition releases, such as the diver lift cards limited to 100, have also contributed to its popularity, with some products selling out in less than half an hour.

Pop Mart's partnership with designers like Kasing Lung and its complete industrial chain covering designers and retail channels have also played a significant role in the success of Labubu.

The company's global presence, with over 250 offline stores and 1,687 robot stores, has also helped to increase the character's visibility and reach.

Overall, the Labubu phenomenon is a testament to the power of unique design, effective marketing, and strategic partnerships in creating a global brand sensation.

The Labubu phenomenon refers to the significant popularity of Labubu, a character and brand of collectible plush toy monster elves created by Hong Kong designer Kasing Lung and marketed by Pop Mart, a Chinese toy company.

Title:

Content: Moscow, Polkovaya str. 3, office 120
© Sostav independent project branding agency Depot WPF
The use of published materials is available only when the source is indicated.
Website design - Liqium
18 +
14.11.2023 in 05: 40
Rosman will sell collectible toys for adults
The holding has signed a distribution contract with the Chinese Pop Mart
Rosman has signed an exclusive distribution contract with the Chinese company Pop Mart.
According to the agreements reached, the holding will sell in Russia collectible figures of toothed rabbits Labubu, aliens Dimoo and Molly dolls.
This is reported by “Vedomosti ” with reference to the owner and CEO of“ Rosman ” Mikhail Markotkin.
Pop Mart specializes in the production of toys for "kidalts" - these are adults who preserve children's hobbies and hobbies.
Toys in Russia are already sold on Wildberries and Ozon, the price of them varies from 1899 to 2499 rubles.
Negotiations are also underway with offline retail: the book network "Chitay-gorod", comic book stores "Chuk and Geek", cosmetic network "Golden Apple".
The volume of investments for the purchase of goods, distribution and marketing under the contract Markotkin estimated at $4 million, the payback period - "about 2-3 years."
The distribution contract will allow Rosman to increase revenue by 15%.
Rosman plans to occupy 5% of the market of collectible toys in Russia.
According to the top manager of Rosman, in 2022 this market amounted to about 20 billion rubles.
It presents the products of American Funko Pop (characters of Marvel and DC films, the Harry Potter franchise), Bandai Namco (Japan), McFarlane (USA), Hot Toys (China).
At the same time, Funko Pop in 2022 suspended the supply of its toys to Russia.
Recall that in the beginning of 2024 in Russia may begin an experiment on the labeling of toys.
The voluntary phase is planned to be carried out during the year.
Then the authorities will decide on the extent to which mandatory labeling of these products is necessary.
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Which designers does Pop Mart collaborate with?

Which products are increasingly viewed as treasures by collectors?

Labubu has gained significant popularity, with fans lining up to purchase them, and has become a viral sensation, particularly on platforms like TikTok.

Title:

Content: POP MART, a trendy brand, opened in Tainan Nanfang Shopping Center today (2). The limited number of “LABUBU ” diver lift cards is limited to 100. Although they need to spend 999 yuan in the store before they can increase the price of 850 yuan, they are still queuing up again. They are sold in less than half an hour. In the store to buy upcoming Christmas limited items, as well as New Year gifts and other goods.
POP MART marketing director Yeh Qianyu said that since the brand ’ s debut in September this year, the first physical store in Taipei ’ s Xinguang Sanyue A11 has attracted all of Taiwan ’ s “baby friends ” to go to the pilgrimage to sweep goods, and there have been more netizens leaving messages on the official social platform since the opening, hoping to set up shop in other counties and cities.
With the Christmas season approaching, Bubble Mart opened a Christmas pop-up shop in five major cities. Among them, Tainan South Textile Store was officially opened today. More than 40 square meters of stores are located in the fashion square on the first floor of Hall A1 of Nan Textile Mall. "UBU diver lift card", attracting a large number of "baby friends" to buy.
POP MART Taiwan said that after the success of its first store in Taipei, it decided to open five pop-up stores at a time to create a five-city connected Christmas carnival belonging to POP MART in order to satisfy the “baby friends ” of other counties and cities.
As for the follow-up store plan, we are currently actively planning, and we will meet you at the ideal location in the future!
South Textile store covers an area of more than 40 square meters, which is larger than the existing Shin Kong Mitsukoshi A11 store. The overall store design is transparent and metal material as the main elements, combining the sense of the future and the industrial style, to create a dazzling look, which has become the latest hot spot on the first floor of South Textile Shopping Center A1.
This flash lasts for 32 days, from now until January 2 next year.
In order to provide consumers with the most complete selection of items, Tainan South Textile Store has completely transplanted the popular items of Shin Kong Mitsukoshi A11 store. It sells more than 100 types of products, including MOLLY, LABUBU, SKULLPANDA, DIMOO and PUCKY. Shop like a trendy boutique-style store and create a shopping paradise for “baby friends ”.
In order to celebrate the opening of the Tainan South Textile Store, Bubble Mart specially prepared for the southern "baby friend". In advance, it announced on the POP MART Taiwan fan page that the popular product "LABUBU Diver Lifting Card" will be back on the shelves. That is, it is added to the sale, it can be seen that the bubble charm is difficult to resist.
In addition, to celebrate the arrival of Christmas, Tainan Nan Textile Store will hold a “Christmas Gift ” event from now until December 16. There are four limited Christmas gifts, including“ LABUBU Christmas Jelly Sticks ” for every purchase, “SKULLPANDA Christmas Card ” for every purchase." Christmas gift bag "and" Christmas transparent hanging ball "for spending over $1299.
# LABUBU Diver Lift Card # NANTEX Mall # Limited # POPMART # Christmas

which social platforms does Gen Z tend to prefer?

The popularity of Labubu has led to a surge in global revenue for Pop Mart, with the company's founder becoming significantly wealthier.

According to reports, Labubu has been awarded the "Magic Thailand Experience Officer" title in Thailand and has made appearances in Bangkok, Thailand, with grand welcome ceremonies.

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Bubble Mart Helps China and Thailand Trend Cultural Exchange
Related LINKS http: / / www.CRNT.com 2024-07-02 14: 42: 58
LABUBU made a major appearance in Bangkok, Thailand, and was awarded the title of “Magic Thailand Experience Officer ”. (Photo: China ASEAN Report)
Beijing, July 2 / According to the "China ASEAN Report" reported, "LABUBU, LABUBU, LABUBU..." July 1 afternoon, Bangkok Suvarnabhumi Airport crowd, wearing white LABUBU t-shirt Thai fans shouted enthusiastically, Bubble Mart star friend LABUBU took a lovely step forward. They interact with each other passionately.
LABUBU "The Essence" made a blockbuster appearance in Bangkok, Thailand, and the scene and treatment of LABUBU airport pickup is comparable to that of a red star.
Surprisingly, the Thai authorities held a grand welcome ceremony for LABUBU and awarded LABUBU the honorary title of “Amazing Thai Experience Officer ”.
Thailand ’ s Minister of Tourism and Sports, Themsa Pompani, Thailand ’ s National Tourism Authority, Thapani Khithaputhi, Counsellor, Press and Public Diplomacy Office, Embassy of the People ’ s Republic of China in the Kingdom of Thailand, Lieutenant-General Sahela Phiang, Director of Suvarnabhumi Airport, Chen Xiaoyun, Vice President of Puma International Group, and Qian Daizhe, Vice President of Where to Go Travel & Vacation Business Department, attended the welcoming ceremony.
This is also the first time that Thailand has officially given such a high-level title to a pop-up IP image, and it is understood that the new “Magic Thailand Experience Officer ” LABUBU will embark on a week-long“ Adventure Thailand ” tour to deeply experience the local culture and interact with fans at the opening of the Bubble Mart IP theme store.
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What did Labubu receive in Thailand that no other trendy IP receive?

The character's popularity has also led to the opening of a Bubble Mart IP theme store in Thailand, with Thailand's Minister of Tourism and Sports attending the welcoming ceremony.

Labubu's success can be attributed to its unique design and marketing strategy, which has resonated with fans worldwide, particularly on social media platforms like TikTok.

The character's limited edition releases, such as the diver lift cards limited to 100, have also contributed to its popularity, with some products selling out in less than half an hour.

Pop Mart's partnership with designers like Kasing Lung and its complete industrial chain covering designers and retail channels have also played a significant role in the success of Labubu.

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Bubble Mart opens shop in Hong Kong, bringing trendy toys to convey the beauty
Bubble Mart opens in Hong Kong
Bubble Mart opens in Hong Kong
Bubble Mart, the global trendy culture and entertainment company, recently announced the opening of two stores in Hong Kong, located in Harbour City and K11 Art Mall, so that more Hong Kong fans feel the infinite charm of trendy play.
HONG KONG, CHINA, December 3, 2021 / EINPresswire.com / -- Bubble Mart (9992.HK), the world ’ s leading pop culture entertainment company, has announced the opening of two stores in Hong Kong, located in Harbour City and K11 Art Mall, respectively.
It is reported that Bubble Mart ’ s first Hong Kong store has opened in Harbour City on November 13.
On the opening day, the designer of Bubble Mart ’ s head IP-Molly, Kenny Wong, as a well-known local pop artist in Hong Kong, specially designed the blue Molly image glass steel inspired by Star Ferry pier for the Hong Kong Harbour City store, which is placed in the center of the store, giving the store a special meaning.
Kenny Wong, a contract artist with Bubble Mart, founder of Kennyswork and the father of Molly, said, “I am delighted that Bubble Mart has brought Molly to the world, allowing more people to learn about the artist ’ s toys through Molly and other pop-up IPs.
"I am
Bubble Mart founder and CEO Wang Ning said, “Five years ago, when I first met Kenny Wong and Molly in his studio in Hong Kong, I decided to get the exclusive license of Molly.
We want more people to get to know Molly through Bubble Mart as the ‘ Treasure Girl ’.
Molly also became Bubble Mart's first pop-up IP.
Today, Bubble Mart family has more IP image, hope through our pop-up shop, let more people feel the charm of pop-up play, enjoy the beauty that Bubble Mart brings to everyone.
"I am
Founded in 2010, Bubble Mart is committed to the deep cultivation and development of five fields around the world: artist mining, IP incubation operation, consumer touch, pop play culture promotion, and related industry investment.
Through the brand culture of "creating trends and transmitting beauty", it has built a comprehensive operation platform covering the entire industrial chain of trendy toys, which has set off a wave of play in China.
It was successfully listed in Hong Kong in December 2020.
As of September 30, 2021, Bubble Mart's global offline stores have exceeded 250, with more than 1,687 robot stores, covering 103 cities in China, and being stationed in 23 overseas countries and regions such as South Korea, Japan, the United States, Canada, the United Kingdom, Singapore, etc., and the global layout is constantly expanding.
Today, POP MART forms a brand advantage with designers, retail channels and industry chains as its fulcrum.
POP MART has signed contracts with well-known fashion designers such as Kenny, Pucky, Kasing Lung, etc., and launched a number of popular fashion IP products, including Molly, PUCKY, The Monsters and other fans, which have gathered a strong and high-quality fan group.
At the same time, POP MART also launched a joint product with world-renowned brands and world-class artists, including Keith Haring, to create a classic IP image that young consumers love today.
With the continuous expansion of the territory, POP MART has gradually built a complete industrial chain covering designers, factory supply chains, retail channels, and international trend toy exhibitions, allowing designers to focus more on their works and promote the vigorous development of the fashion industry.
In addition to the Harbour City store, Bubble Mart Hong Kong 2 will open on 4 December at K11 Art Mall, located at shopping malls B233B and B231B.
On the opening day, the draw will be held for Bubble Mart ’ s high-end line limited product, the MEGA Collection SPACE MOLLY.
The event will be held from 14: 00 to 16: 00 on the 11th.
Chen Xiaoning
Bubble Mart
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Which designers does Pop Mart collaborate with?

The company's global presence, with over 250 offline stores and 1,687 robot stores, has also helped to increase the character's visibility and reach.

Overall, the Labubu phenomenon is a testament to the power of unique design, effective marketing, and strategic partnerships in creating a global brand sensation.