# Energy Transition in the Middle East: A Comprehensive Report

## Executive Summary

The Middle East, traditionally synonymous with oil wealth, is undergoing a significant transformation as several nations invest heavily in renewable energy, particularly solar power.

This shift represents a strategic move toward energy diversification, economic sustainability, and climate goal achievement.

Key countries like the UAE and Saudi Arabia are leading this transition with ambitious national projects and substantial government support.

## Key National Projects

### United Arab Emirates
The UAE has emerged as a regional leader in renewable energy transition through several landmark initiatives:

- **Dubai Clean Energy Strategy 2050**: A comprehensive framework aiming to make Dubai a global hub for clean energy and sustainable technologies
- **Abu Dhabi Vision 2030**: Establishes ambitious renewable energy targets, with solar power as a cornerstone
- **World's Largest Solar Plants**: The UAE hosts three of the world's largest and lowest-cost solar energy facilities globally
- **Nuclear Energy Program**: As

# Energy Transition in the Middle East: A Comprehensive Report

## Executive Summary

The Middle East, traditionally synonymous with oil wealth, is undergoing a significant transformation as several nations invest heavily in renewable energy, particularly solar power.

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Content: -- -- -- / -- -- --
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A new law is in preparation and the continuation of the deposit of "Solar" offers
Algeria moves towards immediate exploitation of solar, wind and green hydrogen
Iman Kimoush
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The government is preparing to start exploiting renewable energies as soon as possible, by order of the President of the Republic, Abdelmadjid Tebboune, through the release of a new law that frames the process from the legislative point of view, which has been under discussion between the ministries for two months.
Daily meetings have also been scheduled to accelerate the start of wind, solar and green hydrogen exploitation projects at the level of the Ministry of Energy Transition, in addition to tracking the project “Solar ” to produce 1000 MW of solar energy, which will expire on June 15, where the project has witnessed record participation so far.
The Minister of Energy Transition and Renewable Energies, Ben Atto Zian, stressed that President Abdelmadjid Tebboune ’ s program and orders urge the optimal use of solar and wind energy, as energy transition is an essential option in the government ’ s work program to achieve economic efficiency and added value and ensure a smooth energy transition.
For his part, Minister of Communication Mohamed Bouslimani stresses that the media accompaniment to this policy needs a specialized and regular training for the media and journalism family across different media, given the importance of acquiring the necessary knowledge and skills in various fields.
In this context, the head of the Ministry of Energy Transition and Renewable Energies, Mohamed Hamoudi, revealed that the renewable energies law is being prepared and revised at the level of the Ministry of Energy Transition, where it is expected to complete its preparation soon, knowing that the preparation of its broad outlines was started two months ago, to frame the production and exploitation of renewable energies in Algeria with the participation and discussion of all other ministerial sectors.
On the sidelines of the media day organized on Saturday on renewable energies, under the title “For a national energy transition ”, at the Ministry of Energy Transition and Renewable Energies, he said that a national paper was prepared to prepare the most important parameters of the exploitation of green hydrogen in Algeria. Therefore, it will be updated today, through daily meetings with all sectors, including all those who consume and produce electricity, and the new law will be issued in the near future.
According to the head of the Ministry of Energy Transition, the process of producing electricity from the sun, wind or hydrogen will materialize in the near future and urgently not as expected by some within 10 years. He also counted the existence of three stages to start exploiting these energies, which are first the release of the legal framework, then start production and reach consumption as a third stage. solar.
The official called for the need to strengthen the sectors producing renewable energies and accelerate the exploitation of green hydrogen, which he stressed that its cost per kilogram in Algeria is equivalent to $1.63, while in the rest of the world its price ranges between $2 and $3.
For his part, the Director of Renewable Energies Connected to the Grid, at the level of the Ministry of Energy Transition and Renewable Energies, Fawzi bin Zayed, said that the project to produce 1000 MW of electricity through solar energy is still in the bidding stage after extending the process until mid-June, but stressed that the number of those wishing to invest exceeded all the ministry ’ s expectations.
The tender of the project was published on 23 December last, to start the withdrawal of the terms book of the operation on 17 February last, where the withdrawal of 111 investors was counted, knowing that the deadline for the deposit of offers was extended to 30 April, and the deadline was extended again to 15 June next.
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Content: Monday 11th September 2023 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
United Arab Emirates
Director of the International Solar Alliance: Pioneering efforts for the UAE to achieve carbon neutrality by 2050
Director of the International Solar Alliance: Pioneering efforts for the UAE to achieve carbon neutrality by 2050
September 11, 2023 01: 32
New Delhi (WAM)
Dr. Ajay Mathur, Director General of the International Solar Alliance, praised the UAE ’ s pioneering efforts to achieve carbon neutrality by 2050, which constitutes a concrete and proactive response to climate change issues.
Mathur said, in statements to the UAE News Agency « WAM » on the sidelines of his participation in the work of the G20 summit in the Indian capital New Delhi: The UAE has devoted for more than 15 years, great resources in this field, resulting in huge and remarkable achievements.
He pointed out that one of the remarkable achievements achieved by the UAE in this regard is the provision of solar energy at a low price of 1.35 cents per kilowatt hour, pointing out that the UAE is fully and clearly committed to combating climate change in accordance with its strategy to reach zero carbon emissions by 2050.
The UAE has taken active steps to explore sustainable and innovative energy generation that supports its economy and aligns with broader global sustainability goals, in recognition of the serious implications of climate change globally.
The Director General of the International Solar Alliance pointed out that the UAE is also committed to developing sustainable knowledge, promoting the development of green industries, and creating opportunities for skills development and job growth.
As part of its commitment to the United Nations Sustainable Development Goals (SDGs), the UAE has implemented advanced initiatives and projects such as the Dubai Clean Energy Strategy 2050 and Abu Dhabi Vision 2030, which sets an ambitious target for the adoption of renewable energy sources, including the significant expansion of solar capacity.
Dr. Ajay Mathur pointed out that these initiatives confirm the UAE ’ s commitment to solar energy as a pillar of its vision for sustainable development, which will be a driver of economic growth and reduce carbon emissions.
According to the International Solar Alliance, it is necessary to diversify renewable energy investments to benefit all regions of the world, where investments are currently disproportionately concentrated in a few countries, while less developed countries receive less than 1% of the total.
All rights reserved to Al Ittihad Newspaper 2023 ©

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Content:   • Transition investment is an investment philosophy aimed at achieving socio-economic impact along with financial returns
  • Middle Eastern investors are uniquely placed to further UN Social Development Goals via their access emerging markets

Abu Dhabi, UAE: UAE institutional investors should focus on transition investment as a new philosophy to further the United Nations Social Development Goals, capitalizing on their unique access to emerging markets, according to NYU Abu Dhabi’s (NYUAD) new Transition Investment Lab (TIL) Annual Report 2023. The report was launched during a workshop titled Powering the Shift to a Sustainable Economy.

Hosted by TIL in partnership with Mubadala and Al Maskari Holding, the attendees concluded that transition investment, an investment philosophy aimed at achieving socio-economic impact along with financial returns, can make a significant difference for the global economy and the region. By unlocking the capital of large institutional investors in transformational projects, Transition Investment enables the shift to a new economic paradigm based upon environmental sustainability, social inclusion, and shared prosperity.

According to the report, this form of investment is vital to overcoming the current global “polycrisis” – a simultaneous occurrence of multiple, interconnected challenges that worsen each other, making them harder to address and resolve. The polycrisis is having a devastating “scissor effect” on the investment gap – the difference between the amount of financial resources needed annually to achieve the United Nations (UN) Sustainable Development Goals (SDGs) by 2030 and the current amount being invested.

According to UNCTAD, this gap is now USD 4.3 trillion per year, doubling the pre-COVID-19 value. However, the OECD estimates that global financial assets amounted to USD 469 trillion in 2020, meaning the estimated USD 30 trillion SDG financing gap for emerging markets for the next seven years represents less than six percent of global private capital. The Transition Investment Workshop discussed potential ways to unlock large-scale capital deployment and found that the Middle East is particularly well-placed to play a leading role.

TIL Executive Director Bernardo Bortolotti commented: “At the core of TIL’s beliefs is the notion that long-term institutional investors play a pivotal role in driving change, and sovereign wealth funds (SWFs) rank high in this echelon due to the vast size of their assets. Our research showed that sustainable investments by regional SWFs accounted for 19 percent of total deal value over the 2020-2022 period. It is growing, however, and this is important for filling the SDG financing gap because Middle Eastern investors are much more familiar with those emerging markets.”

Bortolotti added: “One of the major roadblocks holding back institutional investors is the lack of high-quality data to prove the effectiveness of the impact investment interventions. To that end, TIL has developed a Signature Impact Framework (SIF) to provide a methodology for the impact of a given business and denote the precise and distinctive contribution that a business can make to societal welfare.”

Head of Responsible Investing at Mubadala Derek Rozycki said: “Mubadala is a strong supporter of the Transition Investment Lab and NYUAD. We have been working with our partners at the One Planet Sovereign Wealth Fund network to improve the availability of climate data in private markets. Today’s report underlines the need for data to inform decision-making so sovereign wealth funds can play their role in helping to find solutions to global challenges.”

Advisor to Al Maskari Holding and CEO of MEASA Partners Peter Lejre said: “We are highly excited about the work being done by TIL and remain committed to supporting the initiative for the coming years. Seeing the convening power of the TIL event demonstrates the relevance of the initiative – not just for us, but for stakeholders across the UAE and around the world.”

The Transition Investment Workshop brought together financial institutions, asset managers, researchers, and policymakers to exchange knowledge and best practices on unlocking large-scale investments in socially impactful projects in emerging and lower-income countries. The event agenda was also aligned with the forthcoming COP28, which will be hosted by the UAE in the fall 2023.

TIL’s mission is to develop high-quality academic research that supports the positioning of NYUAD and Abu Dhabi as a knowledge center for investments aligned with the 2030 agenda for Sustainable Development, which is informing NYUAD’s global perspective.

Established in April 2021, TIL is a new center hosted by NYUAD devoted to the study of sustainable finance. Powered by Mubadala Investment Company and Al Maskari Holding, TIL aims to fill the knowledge gaps preventing large-scale investment delivering the United Nations Sustainable Development Goals (SDGs). The TIL Annual Report aims to become a standard reference in the field.

About NYU Abu Dhabi

www.nyuad.nyu.edu

NYU Abu Dhabi is the first comprehensive liberal arts and research campus in the Middle East to be operated abroad by a major American research university. NYU Abu Dhabi has integrated a highly selective program with majors in the sciences, engineering, social sciences, arts, and humanities with a world center for advanced research. Its campus enables students to succeed in an increasingly interdependent world, and to advance cooperation and progress on humanity’s shared challenges. NYU Abu Dhabi’s high-achieving students have come from some 125 countries and speak over 100 languages. Together, NYU's campuses in New York, Abu Dhabi, and Shanghai form the backbone of a unique global university, giving faculty and students opportunities to experience varied learning environments and immersion in other cultures at one or more of the numerous study-abroad sites NYU maintains on six continents.

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Content: 3.
Expo 2020 Dubai Today
A model to be emulated
Through its pioneering global initiatives and innovative strategies, the UAE is one of the pillars of environmental sustainability, providing role models in the field of renewable energy and the green economy, which has been a top priority in the UAE ’ s vision over the years.
The issue of climate change and its challenges is one of the most prominent issues that the State has paid great attention to the steps taken by many countries to focus on reducing gas emissions, activating investments in alternative and clean energy, as well as the great efforts witnessed by the world in pushing forward the efforts of climate change after harnessing its full potential to succeed international efforts to reduce the aggravation of the climate change crisis and find effective solutions.
The UAE, which has established solid principles, remains one of the most prominent models of clean energy and green economy, especially in the post-Coronavirus era, enabling it to gain the confidence of the world in hosting the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) 2023.
The country is based on a great legacy and vision laid down by the founding father, Sheikh Zayed bin Sultan, and followed his wise leadership ’ s approach in supporting climate issues and focusing on achieving results, whether in the field of policies, building partnerships or implementing initiatives.
The UAE ’ s achievements have established a strong foundation for clean energy and economic diversification, repeatedly surpassing the world record for the lowest cost of solar power generation, as well as being the first country in the region to use carbon-free nuclear energy, exploring blue and green hydrogen projects, exploiting its resource base and expertise in gas production, supply chain and transport infrastructure. Renewable energy projects in 70 countries across five continents.
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Economy of Saudi Arabia
“The Green Economy. ”
The Future of Saudi Development
Khalid Ali Al Matrafi
Posted in: Last Updated:
Achieving sustainability is almost based on reforming the economy, and we must know that the transition to a green economy is not an immediate decision, but a long-term process that requires long decades.
One of the important reports recently published is the “Green Economy ” report prepared by the Center for Communication and Financial Knowledge (Ministry of Finance) in cooperation with the Saudi Economic Association (32 pages), so I recommend reading it to understand the features of the economic era, especially in the fields of energy and environmental protection.
Interest in this economy dates back to 2008, when the United Nations launched the Green Economy Initiative, which consisted of global research and country-level assistance to encourage policymakers to support environmental investments in the context of sustainable development.
There are several definitions of this concept, including the economy in which carbon emissions are reduced, resources are more efficient, and all social groups are absorbed; where production in the world today is no longer in quantity, but in quality, and with any resources and environmental implications.
It can be said that the emergence of the “green economy ” was caused by a number of interrelated global crises, such as the“ financial crisis ”, the “food crisis ” and the“ climate crisis ”, and it is expected that the investments of the agricultural sector will contribute to its return to be more environmentally friendly, thus alleviating rural poverty and displacement of people to cities, as well as its role in solving the problem of food security. Consumption of natural resources, and mitigation of investment in green infrastructure, such as renewable energy services, drinking water and sanitation.
One of the leading countries in the sector is Germany, which is the second largest European market to invest in renewable energy, both in the production of wind and solar energy, and with the latest technology to achieve its green goals.
They have sought to solve environmental problems by shifting from fossil fuels to clean and renewable energy, and have used renewable resources to manufacture essential materials in their critical areas.
The Saudi government has taken several measures to achieve the objectives of the Green Economy, including: reviewing and redesigning government policies to stimulate shifts in production, consumption and investment patterns, increasing resources, focusing on the water sector, controlling its use, rationalizing and preventing pollution, working on sustainable investments in the field of energy and raising energy efficiency, and developing effective strategies to reduce the carbon of industrial development.
In this way, the Saudi leadership, under the direct supervision of the Crown Prince, adopted the initiative of the “circular carbon economy ” and highlighted it in the most important global forums, especially the summit of leaders of the Group of 20 (2020), to emphasize its active role in emissions management initiatives and the transition to clean energy.
We must know that the transition to a green economy is not an immediate decision, but a long-term process that needs long decades; it needs a change in economic policies related to production and consumption patterns, and attention to the environmental aspect in a number of productive and service sectors.
So long as you're okay.
* Quoted from the Riyadh Newspaper.
Disclaimer: All published articles represent the opinion of their authors only.
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This shift represents a strategic move toward energy diversification, economic sustainability, and climate goal achievement.

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Content: The Qur ’ anic verse and the “Burial of the Pharaonic Methodology ”
Saudi Arabia ’ s energy minister sparks interaction with COP28
Middle East
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DUBAI, United Arab Emirates (CNN) — Activists on social media shared videos of Saudi Arabia ’ s energy minister, Prince Abdulaziz bin Salman, and what he said at the conclusion of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28).
Saudi Arabia ’ s energy minister told Al Arabiya Business that the text of the COP28 statement had been revised, pointing out that the agreement did not provide for an immediate or gradual phase-out of fossil fuels, but a “process of transformation. ”
"If this is a peaceful approach to addressing the climate issue," he said.
That may be their style, but...
Why are you confining me to choices that are right for you?
It is suitable for you or because your local environment calls for it, this does not mean that it is similar, what is there now buried the subject of immediate disposal or graded buried subject I do not show you but what I see and I do not give you but the path of guidance to which is the Pharaonic methodology.. "
He added: "Therefore, people are in a solution in their choice and also conditional because also in the texts we address the issue of capabilities and capabilities and provide them and not to go beyond the issue of energy teams, which is important and shameful how a country suffering from a gap and energy poverty asks it to plant a nuclear reactor, for example."
On Tuesday, COP28 concluded its work with the UAE Agreement, which sets the stage for an ambitious global response to assess progress in implementing the goals of the Paris Agreement, provides a blueprint for 2030 targets, calls on parties to achieve an orderly, responsible, equitable and rational transition to an energy system free of unmitigated conventional fuels, to achieve climate neutrality, and encourages parties to make nationally determined contributions across all sectors of the economy. It has tripled the rate of improving energy efficiency annually by 2030, and built momentum to establish a new climate finance architecture, the UAE news agency reported.

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Fayyad represented the President of the Republic at the events of the “High-Level Dialogue on Energy ”
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2021.
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Minister of Energy and Water dr.
Walid Fayyad, President of the Republic, General Michel Aoun, at the events of the "High-Level Dialogue on Energy", which was hosted by the United Nations General Assembly on Friday, September 24, 2021.
The dialogue included interventions from a large number of heads of state and government and ministers of energy from different countries of the world.
The interventions focused on the United Nations Sustainable Development Goals (SDGs), in particular Goal 7 on “Achieving Clean and Affordable Energy for All by 2030 ”.
Fayyad addressed the international community and expressed the Lebanese state ’ s “commitment to develop the renewable energy market in order to achieve the goal of 30% renewable energy by 2030, ” according to the report of the International Renewable Energy Agency (IRENA).
It is noteworthy that the Ministry of Energy and Water has submitted the Energy Compact report to the Secretariat of the United Nations prior to the dialogue, making Lebanon among the first 11 countries in the world to submit the Energy Compact report.
This report is a key reference that can be relied upon by international institutions and donors to help developing countries achieve their stated goals in the field of renewable energy.
"It is a priority for the Ministry of Energy and Water to develop renewable energy projects with a capacity of more than 4,000 megawatts of wind and solar energy projects," Fayyad said, adding that "success in turning these projects into a reality can only be achieved through a serious partnership between the public and private sectors in Lebanon and in partnership with Lebanon's friends around the world."
While describing some of the achievements made in Lebanon during the past years, especially the significant development in the market for heating water on solar energy and producing electricity from distributed solar energy systems, Fayyad said that "the world has great challenges over the next 10 years to succeed in combating climate change."
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Key countries like the UAE and Saudi Arabia are leading this transition with ambitious national projects and substantial government support.

## Key National Projects

### United Arab Emirates
The UAE has emerged as a regional leader in renewable energy transition through several landmark initiatives:

- **Dubai Clean Energy Strategy 2050**: A comprehensive framework aiming to make Dubai a global hub for clean energy and sustainable technologies
- **Abu Dhabi Vision 2030**: Establishes ambitious renewable energy targets, with solar power as a cornerstone
- **World's Largest Solar Plants**: The UAE hosts three of the world's largest and lowest-cost solar energy facilities globally
- **Nuclear Energy Program**: As

Title:

Content: July 13, 16: 43
COP28 chairman calls for use of all available tools to reduce emissions
Sultan bin Ahmed Al-Jaber, President of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, also believes that it is necessary to work to ensure energy security so that the measures taken in this regard do not lead to employment reduction and are in line with the goals of sustainable development.
Brussels, July 13.
/ TASS /.
The world must use all available tools to reduce greenhouse gas emissions, including nuclear energy.
This was announced on Thursday by the Minister of Industry and Advanced Technologies of the UAE, Chairman of the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) Sultan bin Ahmed al-Jaber.
"We must use all available tools to reduce emissions, including nuclear technology, improved battery energy storage, and carbon capture and sequestration technologies, especially in industries where emissions are difficult to reduce," al-Jaber said at a ministerial meeting in Brussels.
The Minister also called for efforts to ensure energy security so that measures taken in this regard do not lead to a reduction in employment and are in line with the goals of sustainable development.
"If efforts to address the climate crisis are carried out through appropriate measures, <... > they will contribute to creating greater economic opportunities for the world," al-Jaber said.
In 2021, the UAE unveiled its strategic initiative Net Zero 2050, which aims to achieve the country ’ s carbon neutrality by 2050.
The initiative focuses on the introduction of green energy sources.
As of December 2022, the UAE has invested more than $40 billion in such projects over 15 years.
The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, chaired by the UAE, will be held in Dubai from November 30 to December 12 this year.
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# Energy Transition in the Middle East: A Comprehensive Report

## Introduction

The Middle East, traditionally known for its vast oil wealth, is undergoing a significant transformation in its energy landscape.

Several countries in the region have begun investing heavily in solar energy and other renewable sources as part of comprehensive energy transition strategies.

This report explores key national projects, current solar capacity, government incentives, and the impact of these efforts on both local economies and climate goals.

## Key National Projects and Solar Capacity

### United Arab Emirates

The UAE has emerged as a regional leader in renewable energy development.

The Mohammed bin Rashid Al Maktoum Solar Park stands as the world's largest solar energy site using the IPP (Independent Power Producer) model.

Additionally, the Al Dhafra Solar Plant is being constructed as the world's largest photovoltaic solar station with a production capacity of 2 gigawatts.

The UAE's commitment extends beyond domestic projects.

The country has invested over $50 billion in renewable energy

# Energy Transition in the Middle East: A Comprehensive Report

## Introduction

The Middle East, traditionally known for its vast oil wealth, is undergoing a significant transformation in its energy landscape.

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Content: The absence of regional and national markets for trading in carbon credits could potentially hinder the Gulf countries’ ambitions to become global leaders in sustainable fuels, whether green hydrogen, ammonia, or e-fuels.

The Zero Emissions Traders Alliance (ZETA), recently established in Dubai, aims to change this by creating a GCC-based clean energy market resembling the regional Emissions Trading System (ETS) in Europe.

Clean energy markets distribute risks more equitably between producers and buyers of sustainable commodities and help price the carbon they reduce, according to ZETA's CEO Jan Haizmann.

He told Zawya Projects that unlike Europe, where the ETS has effectively lowered carbon emissions, the GCC has limited experience in carbon trading.

With ZETA staff and affiliated companies boasting extensive experience in zero emissions trading in Europe, he said the organisation is well-equipped to offer valuable knowledge-sharing on carbon trading to the GCC community. This expertise can be a significant asset in the region's transition to sustainable energy.

The power of regional markets

Haizmann noted that current efforts for carbon markets in the GCC are fragmented, with each country pursuing its own approach, unlike the regional initiative seen in Europe.

"There is a limited degree of transparency about national policies," he said.

Except for Saudi Arabia, other GCC countries are too small to launch their own carbon trading markets due to insufficient liquidity.

Haizmann continued: "Preparing a regional GCC-ETS would substantially increase the potential impact of ETS compared to various insular ETS initiatives. This joint initiative would require common certificate standards, free transferability of carbon rights within the GCC region and an agreement on how to link national initiatives in a regional context."

He stressed that the European ETS, established in 2005 as the world's first international emissions trading system, could, due to its mature functionality, serve as a yardstick for the GCC.

A collaborative platform in pursuit of price discovery
The ZETA CEO said the organisation can serve as a collaboration platform for industry players to agree on market standards and engage in transparent preparatory work. It can also guide the creation of a robust ruleset by leveraging its experience with established markets.

"Price discovery relies heavily on a market built on integrity and open information," he said, adding that ZETA can facilitate industry-government dialogue for market design as industry input is crucial for a successful market launch.

Haizmann said a market for sustainable commodities could hedge price risks and bridge the gap between long-term contract prices and fluctuating market prices, paving the way for green fuel projects to reach the final investment milestone.

However, he acknowledged that creating standard contracts for trading could be challenging due to regulatory fragmentation, especially in terms of product definitions.

"A good starting point would be to agree on commodity definitions for these new sustainable fuels," he said, adding that tradeable certificates that verify their sustainability claims are also necessary.

Unlocking GCC’s sustainable production potential
Haizmann pointed out that GCC countries shouldn't focus solely on exporting sustainable commodities to Europe and other developed markets.

"The primary beneficiary is the environment, not European companies. By fostering regional markets for these goods, alongside exploring export options, GCC countries can unlock their sustainable production potential and boost their financial markets," he said.

Last month, oilprice.com reported that ZETA also intends to collaborate with stakeholders in Saudi Arabia and internationally to develop certificates that guarantee the origin of carbon-free fuels. The group will also develop pricing benchmarks similar to the LNG spot price benchmark to create reliable reference points for clean commodities, including hydrogen, ammonia, and e-fuels.

By addressing knowledge gaps, fostering regional cooperation, and developing transparent market mechanisms, ZETA is set to play a pivotal role in the sustainable energy transition in the Gulf and the broader Middle East.

(Reporting by Anoop Menon; Editing by SA Kader)

(anoop.menon@lseg.com)

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Content: within the work of the United Nations High-level Political Forum on Sustainable Development
Abdullah Lootah:
• The UAE plays a leading and effective role to enhance government knowledge exchange to enable the United Nations 2030 Sustainable Development Goals globally
• The UAE is accelerating the achievement of the Sustainable Development Goals and sharing its experiences with governments and countries based on an innovative methodology, visions and clear strategic plans.
Nawal Al-Hosani:
• The UAE has translated its commitment to promote clean energy by investing more than $50 billion in renewable energy projects in 70 countries around the world.
• The UAE promotes the role of clean energy globally to support the achievement of the Sustainable Development Goals and empower individuals and communities
His Excellency Abdullah Nasser Lootah, Assistant Minister of Cabinet Affairs for Knowledge Exchange and Competitiveness, Chairman of the Competitiveness Council and Vice Chairman of the National Committee for Sustainable Development Goals, said that the UAE, under the leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan and under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is keen to accelerate the achievement of the SDGs. In this regard, with various governments and countries based on innovative methodology, visions and clear strategic plans for the benefit of societies and peoples.
This came during a special session on voluntary national and local data-based reviews of the SDGs, the UAE Data Platform for the SDGs, as part of the UAE government delegation ’ s participation in the United Nations High-Level Political Forum on Sustainable Development organized by the United Nations Department of Economic and Social Affairs (DESA) from 10 to 19 July in New York.
Abdullah Lootah said that the UAE continues its efforts and plays a leading and effective role in supporting the achievement of the United Nations Sustainable Development Goals 2030 and strengthening global partnerships and international cooperation to accelerate the achievement of the SDGs for a sustainable future for all.
Abdullah Lootah added: “The UAE was the first in the region to launch a SDG data center in October 2017 in a joint effort between the UAE Federal Competitiveness and Statistics Center and the United Nations Department of Economic and Social Affairs, pointing out the importance of the UAE ’ s voluntary review report on achieving the SDGs as a successful model in accelerating the achievement of these goals globally. ”
The UAE government delegation continues to hold meetings with prominent United Nations officials, experts, specialists and representatives of SDGs stakeholders from various countries participating in the International Forum, where the delegation discussed the mechanisms of strengthening strategic partnerships between the UAE and the participating countries and effective coordination between the public, private and communities sectors to achieve the goals of the sustainable development agenda around the world.
The delegation participated in two pivotal sessions on the seventh goal of the United Nations Sustainable Development Goals (SDG) of providing clean energy at affordable prices, where the first session focused on the complementary relationship between SDG 7 and the rest of the SDGs, while the second session discussed financing clean energy projects through solidarity and equality to achieve ambitions.
The delegation reviewed a number of partnerships that resulted in specific projects in this field, such as the establishment of the UAE-Pacific Partnership Fund worth $50 million, through which Masdar Abu Dhabi Future Energy Company (ADFEC) completed 11 renewable energy projects in the Pacific countries through two funding cycles launched by the Fund with funding from the Abu Dhabi Fund for Development.
These projects produce 6.5 megawatts of renewable energy and contribute to the prevention of the emission of 8,447 tons of carbon dioxide and the elimination of 2.3 million liters of diesel fuel annually.
UAE is key international supporter of renewable energy projects in more than 70 countries
Her Excellency Dr. Nawal Al Hosani, Permanent Representative of the UAE to the International Renewable Energy Agency (IRENA), during her participation in the two sessions, reviewed the UAE ’ s experience and pioneering strategy to enhance the contribution of renewable and clean energy to the energy mix locally and globally.
“The UAE continues to be a global leader in supporting the achievement of the Sustainable Development Goals (SDGs), especially SDG 7, and is accelerating energy transformation and diversification within the UAE and around the world, contributing to global energy security, ” Al Hosani said, adding that the UAE has translated over the years its commitment to clean energy by investing more than $50 billion in renewable energy projects in 70 countries around the world.
She also referred to the strategic partnership between the United Arab Emirates and the United States to invest $100 billion in the implementation of 100 GW clean energy projects in the UAE, the United States and around the world by 2035, which was signed in November 2022.
Al Hosani added: “The UAE is collaborating with the International Renewable Energy Agency (IRENA) to support and finance vital clean energy projects around the world, such as the $1 billion ETAF project, launched by the UAE and IRENA in 2021, which received major investments from the Abu Dhabi Fund for Development (ADFD), and the ‘ Enabling Lives and Livelihoods – Renewable Energy for Climate Action ’ initiative, which aims to raise $1 billion to strengthen food and health value chains. and other initiatives that promote the role of clean energy in supporting the achievement of the rest of the Sustainable Development Goals and empowering individuals and communities. ”
Urban renaissance and sustainable communities for the future
The UAE delegation presented the UAE ’ s pioneering experience in the comprehensive urban renaissance it has witnessed since the establishment of its federation more than fifty years ago, and discussed enhancing the presence of the targets of the Sustainable Development Goal 11 of “Sustainable Cities and Local Communities ” in the UAE Centennial Vision 2071.
The UAE government delegation also met with Rohit Agarwala, Commissioner of the Department of Environmental Protection in New York City, where they discussed areas of joint cooperation in the sectors of decarbonization of urban areas, smart planning for sustainable cities and communities of the future, and exploring smart solutions to future challenges and turning them into opportunities in the sectors of sustainable urban planning and infrastructure.
The UAE government delegation to the UN High-Level Political Forum on Sustainable Development 2023 includes officials and directors from the General Secretariat of the National Commission for Sustainable Development Goals, Mohammed bin Rashid Al Maktoum Global Initiatives Foundation, Abu Dhabi Fund for Development, the UAE Permanent Mission to the UAE-based International Renewable Energy Agency (IRENA), the COP28 Bureau, the Young Leaders Program for Sustainable Development Goals, and the Federal Competitiveness and Statistics Center. and the Government Knowledge Exchange Office of the Ministry of Cabinet Affairs.
The delegation ’ s participation this year is in line with the UAE ’ s ‘ Year of Sustainability 2023 ’, which also marks the country ’ s readiness to host the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in November.
High Level Political Forum of the United Nations
Since its establishment in 2012, the UN High-Level Political Forum (HLPF) has been the UN ’ s primary platform on sustainable development and has a central role in monitoring and reviewing what has been implemented at the country level in the 2030 Agenda for Sustainable Development.
The theme of the forum is “Accelerating Recovery from the COVID-19 Pandemic and Continuing the Full Implementation of the 2030 Agenda for Sustainable Development. ”
Discussions will focus mainly on five Sustainable Development Goals (SDGs), SDG 6 on “Clean Water and Hygiene ”, SDG 7 on“ Clean and Affordable Energy ”, SDG 9 on “Industry, Innovation and Basic Life ”, SDG 11 on“ Sustainable Cities and Communities ” and SDG 17 on “Partnerships to Achieve the Goals ”.
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Content: Climate Change and Environment Hosts Second National Dialogue on Climate Ambition
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The Ministry of Climate Change and Environment hosted the second National Dialogue on Climate Ambition, which highlights electricity generation.
The panel, titled “The Energy Sector and its Catalytic Role for Climate Neutrality ”, brought together 52 representatives from federal and local entities and the private sector, including the UAE ’ s leading energy companies.
Participants discussed global energy prospects and the industry landscape at the local level, as well as emerging solutions that help build a climate-neutral energy system such as clean hydrogen.
H.E. Maryam bint Mohammed Saeed Hareb Al Muhairi, Minister of Climate Change and Environment, said: “The clean energy sector is currently undergoing a transition phase to support global carbon reduction efforts, and we are taking effective measures to diversify our energy mix and reduce emissions from the sector.
In the UAE, we are also witnessing significant opportunities to generate the clean energy that the world needs, as well as our efforts to improve the national economy, reduce our carbon footprint and create jobs for the future.
Thanks to these efforts in the UAE and beyond, we are helping to set the stage for a new energy economy that will be more efficient, inclusive, connected and electrified.
The National Energy Strategy, launched in 2017, oversees the outlook for the UAE ’ s energy sector, targeting an electricity mix of 50% from clean energy sources (44% from renewable energy, 6% from nuclear) and 50% from fossil energy by 2050.
This scenario is expected to reduce CO2 emissions from electricity generation by up to 70% compared to the current situation.
In line with this strategy, the UAE has increased its share of clean energy and is now home to three of the world ’ s largest solar power plants in terms of capacity and the lowest cost globally.
The UAE is also the first country in the region to build a commercial carbon capture, use and storage facility and the first country in the region to use nuclear energy for peaceful purposes following the launch of the 5,600-megawatt Barakah nuclear power plant.
The country is also exploring the potential of clean hydrogen as a sustainable energy source and has launched the region ’ s first green-hydrogen project on an industrial scale.
The country ’ s total clean energy capacity is expected to reach 14 gigawatts by 2030.
The National Dialogue on Climate Ambition, which will take place between May and September 2022, is a national platform to promote climate ambition and support efforts to reduce carbon emissions in sectors that are difficult to mitigate, including industry, cement, waste, transport and energy.
The dialogue aims to develop a national vision of sustainability and support the UAE ’ s strategic initiative to strive towards achieving climate neutrality by 2050.
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Content: New technologies to achieve sustainability goals and address climate change
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Existing renewable energy initiatives in the Middle East are strengthening their role in supporting international efforts to address climate change.
In particular, the region is one of the largest contributors to the oil and gas sector globally, and at the same time is the cradle of a number of major and ambitious initiatives and projects aimed at enhancing the reliance on clean energy.
In the UAE, the Mohammed bin Rashid Al Maktoum Solar Park is the world ’ s largest IPP solar site, and the Al Dhafra Solar PV Plant is being built as the world ’ s largest solar power plant with a capacity of 2 GW.
Masdar City is the most sustainable urban community in the world.
ADFD is committed to funding innovative projects to accelerate access to sustainable energy as part of a joint initiative with the International Renewable Energy Agency (IRENA).
In Saudi Arabia, Neom recently launched The Line, the world ’ s first car-free, carbon-free city with 100% renewable energy.
King Abdullah University of Science and Technology (KAUST) leads green energy projects designed to manage the recycling of grey water for reuse for plant irrigation and other purposes, and also has large area photovoltaic panels that produce clean electricity.
In Egypt, hydropower is the second source of energy after thermal, wind and solar, and the country has developed a number of future projects that seek to exploit solar energy and replace non-renewable energy.
Other green projects in Egypt include the cities of Jebel Galala and El Alamein.
The Bahrain World Trade Centre is one of the world ’ s leading examples of sustainable architecture, taking the lead in being the first skyscraper in the world to introduce wind turbines to provide total energy consumption.
Morocco, famous for its huge and world-leading solar arrays, has made a big name for itself as a leader in the fight against climate change, renewable energy makes up nearly two-fifths of the country ’ s electricity, and the country implements some of the world ’ s largest clean energy projects.
Since 2012, Jordan has turned to solar power to generate electricity and government policies have pushed citizens and investors to turn to renewable energy to reduce carbon dioxide emissions, by offering financial facilities to investors and reducing the electricity bill.
Sustainability initiatives in the Arab countries contribute effectively to building a diversified digital economy that achieves the national visions of these countries, and the green economy initiative launched by the UAE, and the Saudi Green Initiative is a good example of this.
Today, the ICT sector is increasingly playing a role in achieving sustainability through new technologies such as 5G, cloud computing and artificial intelligence that will play a key role in implementing clean energy initiatives as they enhance productivity, improve efficiency, reduce costs and waste, evaluate business systems, analyze waste, track problems and develop solutions.
The International Telecommunication Union (ITU) says ICT will contribute to achieving the UN ’ s Sustainable Development Goals and improving the quality of life.
According to the United Nations, ICT can be relied upon in two ways: reliance on clean information and communication technology, and clean energy generation based on information and communication technology.
In the first scenario, ICT solutions that contribute to environmental safety and carbon reduction are designed.
In the second scenario, ICT solutions such as those in grids, buildings, smart logistics and industrial processes help promote sustainability and energy efficiency.
The sustainability efforts of tech companies have been recognized globally, Huawei is an example of companies that have adjusted their business in line with sustainability goals, and recently received an award from the International Mobile Phone Association for their contributions to achieving the United Nations Sustainable Development Goals through mobile devices.
The company aims to rely on innovative technologies to drive clean development across various sectors and industries, and in 2021 it used more than 300 million kWh of electricity produced from renewable sources, an increase of 42.3% compared to 2020.
Huawei ’ s digital power solutions have generated 482.9 billion kilowatt-hours of clean energy and reduced electricity consumption by 14.2 billion kilowatt-hours, equivalent to 230 million tons of carbon emissions.
In parallel with efforts to promote a sustainable approach to technology, the ICT industry must not lose sight of the issue of enhanced security.
Technology providers should focus on protecting user privacy when working to provide modern, seamless technology and communications.
Certainly, we will not be able to grow the business and ensure its sustainability if we do not provide safe and reliable technologies to protect cybersecurity, which is a shared responsibility of all stakeholders involved in sustainability.
The current digital divide could isolate millions of people around the world from contributing to the development of a clean economy.
Tech companies can contribute to making technology accessible to all thanks to their technical capabilities and resources.
Through initiatives such as TECH4ALL, Huawei has relied on digital technologies to implement programs aimed at enhancing the leadership capabilities of more than 110,000 people in 2021.
The digital divide in global talent could undermine sustainability efforts, so greater emphasis should be placed on redressing it and priority should be given to strengthening collaboration between tech companies, academia and government institutions in order to bridge the digital skills gap.
By investing in programs to prepare local technical cadres, hone skills and enhance practical experience, more bridges of cooperation between the public and private sectors can be built to prepare the future generation of sustainability leaders with the help of technology.
Huawei has established 163 ICT academies in the Middle East.
More than 3,500 students participated in the Seeds for the Global Future program, while more than 37,000 students received Huawei certifications.
The company has also provided training to more than 120,000 ICT talents in the region who are expected to contribute to the advancement of sustainability in the countries of the region by making the most of technology.
In light of the increasing challenges of reducing carbon emissions facing various countries around the world, we all have a responsibility to strengthen cooperation and work together to build a sustainable and prosperous future for future generations.
By: Ammar Taba, Huawei Vice President for Public Relations and Media in the Middle East
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Content: ABU DHABI: Bloomberg Philanthropies and the International Renewable Energy Agency (IRENA) announced a new COP28 partnership to turbocharge clean energy deployment and capital mobilisation in emerging markets and developing economies.

The official announcement took place in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, President-Designate of COP28, and Francesco La Camera, Director-General of IRENA, and Michael R. Bloomberg, UN Special Envoy on Climate Ambition and Solutions and founder of Bloomberg L.P. and Bloomberg Philanthropies.

Ahead of COP28 and the milestone Global Stocktake – assessing national contributions and progress against the goals of the Paris Agreement – Bloomberg Philanthropies’ support will enable IRENA to advance efforts to drive the widespread adoption of renewable energy and reduce political, technical, and financial barriers to the energy transition by:

1. Building capacities in Southeast Asia, Africa, and Latin America: Deepening IRENA’s capacity to design tailor-made, scalable renewable energy initiatives through policy recommendations, technical support, and financing solutions towards accelerated decarbonisation and stronger climate resilience for lives and livelihoods.

2. Strengthening project finance and preparation: Bolstering the Energy Transition Accelerator Financing (ETAF) Platform – IRENA’s global climate finance platform aimed at mobilising capital to scale up renewables-based energy transition technologies in emerging markets and developing economies (EMDEs) by 2030 – and expanding the technical and financial feasibility work needed to deliver a robust pipeline of potential projects.

3. Facilitating private capital mobilisation: In the lead-up to COP28 – in partnership with the Glasgow Financial Alliance for Net Zero (GFANZ) – Bloomberg Philanthropies and IRENA will work together toward the goal of presenting readily investable energy transition projects to financial institutions that have committed to net zero and seek to increase investments in climate solutions in developing countries.

A robust supply of bankable renewable energy projects is one of the main barriers to scaling up the financing of clean energy – especially in EMDEs. According to IRENA, investment in renewables reached US$ 0.5 trillion in 2022; however, this is less than one-third of the average annual investments needed until 2030 to hit net-zero emission goals by 2050. To accelerate the pipeline of attractive renewable energy projects, Bloomberg and IRENA’s new partnership will reduce risk for potential developers and investors by providing vigorous technical and financial expertise to eligible projects that meet environmental, social, regulatory, and economic factors and implementation readiness.

Dr. Sultan Al Jaber, COP28 President-Designate, who as Chairman of Masdar, one of the world’s largest investors in renewable energy, played a pivotal role, in the UAE’s successful bid to host IRENA, said, “The UAE welcomes this ambitious partnership between Bloomberg Philanthropies and IRENA to champion innovation and deliver clean energy, climate action, and economic prosperity for emerging markets in the Global South”, adding that “The world must move faster and further than ever before to seize the moment of the Global Stocktake and close the gap between ambition and reality. I look forward to working hand in hand with Bloomberg Philanthropies and IRENA to create a paradigm shift for tangible progress and help ensure that COP28 UAE delivers on its promise to deliver game-changing solutions for all.”

“Increasing the production of renewable energy is an urgent necessity, and doing it requires strong partnerships across the public, private, and nonprofit sectors,” said Michael R. Bloomberg, UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and founder of Bloomberg Philanthropies. “By working closely with the International Renewable Energy Agency, we'll help countries in the Global South develop the capacity they need to build clean energy projects more quickly and efficiently. We look forward to working with IRENA, and all of our partners, to accelerate the clean energy transition.”

“While we continue to make progress on the energy transition, it is still way off track,” said Francesco La Camera, Director-General of IRENA. “Annual additions of renewable power capacity must grow three times the current level by 2030 if we want to stay on track to limiting the impacts of climate change and stay below 1.5°C. As we drive towards solutions at COP28, today’s agreement between IRENA and Bloomberg Philanthropies will accelerate the development and delivery of renewable energy projects in the countries that need it most.”

The announcement supports Bloomberg Philanthropies’ overarching partnership with the COP28 Presidency to galvanise climate action by increasing clean energy development and capital mobilisation both in the lead-up to and on the ground at the climate conference in Dubai.

The Bloomberg-IRENA COP28 partnership also complements Bloomberg Philanthropies’ collaborations with GFANZ, Sustainable Energy for All (SEforALL), and other organisations to support developing countries across Africa, Asia, and Latin America to accelerate coal phaseout, develop viable pathways to net-zero, and speed deployment of renewable energy.

Limiting global warming to 1.5°C will require a significant scale-up of renewable energy supply to enable the transition away from fossil fuels. In March, IRENA released the World Energy Transitions Outlook Preview 2023, which identified the urgent need to course-correct the energy transition to keep the 1.5°C target within reach. While 2022 saw the largest-ever annual increase in renewable energy capacity, 75 percent of the added capacity was centred in China, the European Union, and the United States. And while clean energy investment has recently grown, capital is overwhelmingly concentrated in the Global North; in 2021, renewable energy investment per capita in North America was 57 times that in Sub-Saharan Africa. Rapidly scaling clean energy infrastructure, building more supportive and enabling policy environments, and granting easier access to capital for clean energy projects will foster clean energy infrastructure in the countries that need it most.

Roughly 770 million people – primarily across Africa and Asia – lack access to electricity. As countries across the Global South develop and energy demand grows, ensuring that power needs are met by renewable energy rather than fossil fuels will be crucial to meeting international climate goals. In most countries in Africa and Asia, coal – the most polluting form of fuel on Earth – is the dominant source of electricity generation, leading to poor outcomes for air quality, health, and climate and undermining the competitiveness of these economies. Anchored in Bloomberg Philanthropies' ongoing clean energy programmes in 32 countries and the EU, today’s announcement aims to help deliver on United Nations Secretary-General António Guterres’ call to secure clean energy access for all by 2030.

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Content: 3.
Expo 2020 Dubai Today
A model to be emulated
Through its pioneering global initiatives and innovative strategies, the UAE is one of the pillars of environmental sustainability, providing role models in the field of renewable energy and the green economy, which has been a top priority in the UAE ’ s vision over the years.
The issue of climate change and its challenges is one of the most prominent issues that the State has paid great attention to the steps taken by many countries to focus on reducing gas emissions, activating investments in alternative and clean energy, as well as the great efforts witnessed by the world in pushing forward the efforts of climate change after harnessing its full potential to succeed international efforts to reduce the aggravation of the climate change crisis and find effective solutions.
The UAE, which has established solid principles, remains one of the most prominent models of clean energy and green economy, especially in the post-Coronavirus era, enabling it to gain the confidence of the world in hosting the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) 2023.
The country is based on a great legacy and vision laid down by the founding father, Sheikh Zayed bin Sultan, and followed his wise leadership ’ s approach in supporting climate issues and focusing on achieving results, whether in the field of policies, building partnerships or implementing initiatives.
The UAE ’ s achievements have established a strong foundation for clean energy and economic diversification, repeatedly surpassing the world record for the lowest cost of solar power generation, as well as being the first country in the region to use carbon-free nuclear energy, exploring blue and green hydrogen projects, exploiting its resource base and expertise in gas production, supply chain and transport infrastructure. Renewable energy projects in 70 countries across five continents.
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Several countries in the region have begun investing heavily in solar energy and other renewable sources as part of comprehensive energy transition strategies.

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Content: Sunday 23 June 2024 Abu Dhabi UAE
Prayer times
News Highlights
Today 's Issue
Today 's Issue
ECONOMY
$9 trillion per year in global climate finance by 2030
$9 trillion per year in global climate finance by 2030
June 23, 2024 01: 04
Hassouna Al Tayeb (Abu Dhabi)
The cost of the road to achieving green energy goals is huge and requires the cooperation of governments around the world, and the International Renewable Energy Agency (IRENA) estimates that the world needs to add about 1,000 gigawatts of renewable energy capacity annually until 2030.
The U.S. government introduced the Inflation Control Act, the first legislation to advance green investments through subsidies, grants, and tax breaks for green projects and businesses.
Furthermore, new facilities should be energy efficient, and all types of infrastructure should be able to withstand the effects of climate change, as well as preserve the natural environment and make it more resilient.
But the bill to achieve this, which is too costly and to maintain average global temperature rises consistent with the 2015 Paris Agreement, should increase global climate finance to about $9 trillion a year by 2030, from just $1.3 trillion in 2021-22, according to the Climate Policy Initiative.
In an April report, Europe alone would need to invest around €800 billion in energy infrastructure to meet the goals of the Paris 2030 climate agreement and €2.5 trillion to complete the transition to green energy by 2050, according to the Financial Times.
To move towards a green energy transition, governments around the world are considering options ranging from a tax on the wealthy to fees on shipping, among other measures, the US plans to fund the IRA by raising $300 billion over the current decade by requiring large companies to pay a minimum 15% tax on their profits and imposing a share buyback tax.
The importance of speed in raising money is becoming more apparent after nearly 200 countries around the world agreed to shift away from fossil fuels by 2050, tripling renewable energy capacity and doubling its efficiency by 2030.
Adding to the importance of the issue was the naming of the COP29, which is scheduled to be held in November this year in Baku, Azerbaijan.
Much of the debate is focused on agreeing on a global climate finance target to help poor countries transform and transform their economies.
But rich countries are also suffering from the cost of this transformation.
Policymakers in rich countries expect a generous contribution from the private sector to finance many aspects of the transition to a greener economy, but that does not exempt taxpayers from contributing.
The International Energy Agency estimates that the public sector will have to contribute about 30% of the cost of climate finance, with the remaining 70% coming from the private sector.
Governments are expected to play the key role in providing the necessary financing to prepare the infrastructure necessary for the green transition, such as electricity grids, as well as preparing economies for climate change by building walls around the seas to repel floods, for example.
Officials are often concerned about the weight of the consumer with more tariffs, with most struggling with the costs of daily living.
Some 40 countries have introduced some kind of carbon pricing mechanism, the proceeds of which are often used for public government spending rather than for efforts to tackle climate change.
Many countries around the world are planning to impose new tax duties, as the UK government has proposed a “Green Prosperity Plan ”, which is funded through tax revenues from the country ’ s major oil and gas companies.
An additional “extraction tax ” on major fossil fuel companies in rich countries could raise as much as $720 billion by 2030, with the support of non-profit organizations and environmental groups such as Greenpeace and Poverty Eradication.
In Hawaii, local authorities are seeking to levy a tourist fee of $25 per guest when booking hotels to help the state cope with the effects of climate change.
Barcelona, which is currently in a drought emergency, has allocated 100 million euros of tourism tax to install heat pumps and solar panels in state-owned schools.
In the meantime, governments are scrambling to find other options.
At COP28, countries including France, Kenya and Barbados launched a task force to look at how innovative sources of finance, such as shipping and aviation fees, can be used to fund climate action.
These various taxes and fees could generate revenues of about $2.2 trillion annually.
Other countries are supporting efforts to phase out fossil fuel subsidies in order to leverage funds used to support the oil, coal and gas industry for other purposes.
Currently, at least $7 trillion is spent annually on direct and indirect fossil fuel subsidies.
Over the next seven years, capital spending on renewables is expected to double, while halving on fossil fuels.
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This report explores key national projects, current solar capacity, government incentives, and the impact of these efforts on both local economies and climate goals.

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Fayyad represented the President of the Republic at the events of the “High-Level Dialogue on Energy ”
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Minister of Energy and Water dr.
Walid Fayyad, President of the Republic, General Michel Aoun, at the events of the "High-Level Dialogue on Energy", which was hosted by the United Nations General Assembly on Friday, September 24, 2021.
The dialogue included interventions from a large number of heads of state and government and ministers of energy from different countries of the world.
The interventions focused on the United Nations Sustainable Development Goals (SDGs), in particular Goal 7 on “Achieving Clean and Affordable Energy for All by 2030 ”.
Fayyad addressed the international community and expressed the Lebanese state ’ s “commitment to develop the renewable energy market in order to achieve the goal of 30% renewable energy by 2030, ” according to the report of the International Renewable Energy Agency (IRENA).
It is noteworthy that the Ministry of Energy and Water has submitted the Energy Compact report to the Secretariat of the United Nations prior to the dialogue, making Lebanon among the first 11 countries in the world to submit the Energy Compact report.
This report is a key reference that can be relied upon by international institutions and donors to help developing countries achieve their stated goals in the field of renewable energy.
"It is a priority for the Ministry of Energy and Water to develop renewable energy projects with a capacity of more than 4,000 megawatts of wind and solar energy projects," Fayyad said, adding that "success in turning these projects into a reality can only be achieved through a serious partnership between the public and private sectors in Lebanon and in partnership with Lebanon's friends around the world."
While describing some of the achievements made in Lebanon during the past years, especially the significant development in the market for heating water on solar energy and producing electricity from distributed solar energy systems, Fayyad said that "the world has great challenges over the next 10 years to succeed in combating climate change."
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Content: Monday 11th September 2023 Abu Dhabi UAE
Prayer times
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Today 's Issue
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United Arab Emirates
Director of the International Solar Alliance: Pioneering efforts for the UAE to achieve carbon neutrality by 2050
Director of the International Solar Alliance: Pioneering efforts for the UAE to achieve carbon neutrality by 2050
September 11, 2023 01: 32
New Delhi (WAM)
Dr. Ajay Mathur, Director General of the International Solar Alliance, praised the UAE ’ s pioneering efforts to achieve carbon neutrality by 2050, which constitutes a concrete and proactive response to climate change issues.
Mathur said, in statements to the UAE News Agency « WAM » on the sidelines of his participation in the work of the G20 summit in the Indian capital New Delhi: The UAE has devoted for more than 15 years, great resources in this field, resulting in huge and remarkable achievements.
He pointed out that one of the remarkable achievements achieved by the UAE in this regard is the provision of solar energy at a low price of 1.35 cents per kilowatt hour, pointing out that the UAE is fully and clearly committed to combating climate change in accordance with its strategy to reach zero carbon emissions by 2050.
The UAE has taken active steps to explore sustainable and innovative energy generation that supports its economy and aligns with broader global sustainability goals, in recognition of the serious implications of climate change globally.
The Director General of the International Solar Alliance pointed out that the UAE is also committed to developing sustainable knowledge, promoting the development of green industries, and creating opportunities for skills development and job growth.
As part of its commitment to the United Nations Sustainable Development Goals (SDGs), the UAE has implemented advanced initiatives and projects such as the Dubai Clean Energy Strategy 2050 and Abu Dhabi Vision 2030, which sets an ambitious target for the adoption of renewable energy sources, including the significant expansion of solar capacity.
Dr. Ajay Mathur pointed out that these initiatives confirm the UAE ’ s commitment to solar energy as a pillar of its vision for sustainable development, which will be a driver of economic growth and reduce carbon emissions.
According to the International Solar Alliance, it is necessary to diversify renewable energy investments to benefit all regions of the world, where investments are currently disproportionately concentrated in a few countries, while less developed countries receive less than 1% of the total.
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Content: Wednesday, 06 December 2023 01: 04 GMT
Energy mobilizes and signs 9 agreements and memorandums of understanding at the Climate Conference
(MENAFN- Jordan News Agency)
Amman, December 6 (Petra) - The Ministry of Energy and Mineral Resources has signed nine agreements and memorandums of understanding, including five in the field of green hydrogen and green ammonia production with several companies, and an agreement to develop a joint wind energy project with Abu Dhabi Future Energy Company - Masdar, according to a press release issued by the ministry on Wednesday.
On the details of the MoUs and the agreement signed during the COP28 Climate Conference in Dubai, Minister of Energy and Mineral Resources Dr. Saleh Al-Kharabsha said that the agreement signed with the CEO of Abu Dhabi Future Energy Company – Masdar, Mohammed Al-Ramahi, aims to develop a 1GW wind power plant with a battery energy storage system (BESS) in Jordan.
He added that the first memorandum of understanding in the field of green hydrogen production, signed during the climate conference with Masdar, aims to prepare a feasibility study for the establishment of a green hydrogen project, and the establishment of a plant near the port of Aqaba to produce up to 50,000 tons of hydrogen annually, the most cost competitive, using water. Desalinated sea and renewable energy.
He explained that the second memorandum of understanding in the field of green hydrogen was signed with ACWA Power Saudi Arabia to produce green hydrogen in Jordan, and the memorandum allows the company to prepare preliminary feasibility studies for the project, which aims to produce 100-150 thousand tons per year of green ammonia.
He said that the third memorandum was signed with the consortium of Korea Electric Power Company (KEPCO) and Xenel International, and enables the consortium to prepare preliminary feasibility studies for a project to produce green hydrogen and produce one million tons of green ammonia annually in Jordan.
The fourth memorandum in the field of green hydrogen, between Khorabsha, was signed with Osior Energy India / UAE, and allows the company to prepare preliminary feasibility studies for the project, which aims to produce 1 million tons of green ammonia per year and will be developed in stages, with the first phase of the project consisting of production of 100 thousand tons per year, to be increased to 1 million tons per year. tons by 2030.
Kharabsheh also signed the fifth memorandum in the field of green hydrogen production with Catalest Investment Management Company to produce green hydrogen in Jordan, and in light of the memorandum, the company will be able to prepare preliminary feasibility studies for its project aimed at producing 150,000 tons of green ammonia annually.
He stressed that the Jordanian government ’ s efforts are serious and continuous to strengthen Jordan ’ s role as a regional center for green energy production and the provision of high quality and competitive green hydrogen fuel, by taking advantage of the abundance of renewable energy sources and Jordan ’ s strategic geographical location in the region, ensuring excellent access to European markets.
Al-Kharabsheh praised the cooperation at the regional and national levels, and partnership with all partners signing the agreements, in order to enhance the priorities of the Ministry and the vision of economic modernization (2023-2033) recently launched by the Jordanian government, including investment in green hydrogen production projects, which are part of Jordan ’ s initiatives to shift towards the use of clean energy, in order to achieve net zero emissions.
For his part, Al-Ramahi said Jordan has the potential to become a global power in the field of green energy, thanks to large wind and solar resources that can be used to generate large quantities of renewable energy, produce green hydrogen and green fuels at competitive cost, relying on the strength of the long-term bilateral partnership, through which Masdar will provide its expertise in clean energy projects and technologies to help Jordan. To achieve its decarbonisation plans and unleash the country ’ s vast energy potential.
In his capacity as the Executive Chairman of the Renewable Energy and Energy Conservation Fund, Khorabsheh signed a memorandum of cooperation with the Italian Ministry of Environment and Energy Security, represented by the Italian Minister of Environment. The memorandum provides opportunities to finance proposals for projects and initiatives of the Renewable Energy Promotion Fund for the next four years. Italy signed in Rome in 2018.
He also signed a letter of intent with the Director of the Canadian Fund for International Investments (CCC), which came as a result of meetings and dialogues between the two parties to implement energy conservation projects for Jordanian government buildings within the ESCO2 model program. These projects contribute to the sustainability of the energy services market, promote energy conservation projects in public and private buildings, increase financing opportunities and create new and sustainable jobs. in Jordan.
On the sidelines of the COP, Khorabsheh also signed a memorandum of understanding with the Director of Guide house International – Germany, to rationalize energy within the “Heating and Cooling of Buildings ” program in Jordan. The memorandum includes the submission of joint project proposals that contribute to achieving the indicators of the Jordanian National Energy Efficiency Plan (NEEAP). Reducing carbon emissions in the face of climate change.
In this context, Al-Kharabsheh stressed that Jordan is seeking to attract investments and achieve partnership to improve energy efficiency in various sectors by 2030, pointing out that the Ministry is looking forward to enabling and financing the transition to an efficient and environmentally friendly cooling system in the Middle East and North Africa region during the Climate Conference, held in the UAE.
The signing ceremony was attended by Dr. Sultan Al Jaber, President of the Climate Conference, Dr. Muawiya Al Radaidah, Minister of Environment of Jordan, and members of the Ministry ’ s delegation participating in the conference, including Rasmi Hamza, Director of the Renewable Energy and Energy Conservation Fund, Eng. Lina Moubayed, and members of the teams representing companies and government entities that signed the agreements and memorandums of understanding.
On the sidelines of the conference, Kharabsheh participated in a seminar to discuss the roadmap of energy cooperation between the Middle East, North Africa and Europe, during which he stressed that the joint dialogue is a leading forum for the most important stakeholders in the energy sector from the two regions. Participants also stressed the importance of building on the success of the future energy dialogue between the Middle East and North Africa and Europe, held in Jordan in June 2022.
The seminar saw the participants activate the Future Energy Dialogue to deepen energy cooperation between the Middle East and Europe, and it was announced during the meeting that the next dialogue will be held in the Greek city of Thessaloniki in September 2024.
- Petra.
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## Key National Projects and Solar Capacity

### United Arab Emirates

The UAE has emerged as a regional leader in renewable energy development.

The Mohammed bin Rashid Al Maktoum Solar Park stands as the world's largest solar energy site using the IPP (Independent Power Producer) model.

Additionally, the Al Dhafra Solar Plant is being constructed as the world's largest photovoltaic solar station with a production capacity of 2 gigawatts.

The UAE's commitment extends beyond domestic projects.

The country has invested over $50 billion in renewable energy