INSEAD Day 4 - 728x90

net-zero

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Abu Dhabi, UAE -- The financial sector of the United Arab Emirates commits to mobilizing more than AED 1 trillion ($272 billion) in sustainable finance by 2030, the UAE Banks Federation announced at an event on Monday. Coinciding with the UAE’s hosting of COP28, the Central Bank of the United...
  • Masdar City completes first net-zero energy commercial building in region

    ABU DHABI, UAE - Masdar City, a sustainable urban community and a business and technology hub here, has just completed the region’s first net-zero energy commercial building, called NZ1. The building’s simple design demonstrates that net-zero energy is possible for almost any developer, setting a new benchmark for architects and...
  • Global energy meet discusses way forward to net-zero emissions

    VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts from over 145 countries gathered here to explore solutions for moving towards net-zero and meeting the Sustainable Development Goals. The two-day International Vienna Energy and Climate Forum, which concluded on...
  • ADCB prices $650m green bond

    The bond will be used to finance eligible green assets.
  • Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation

    RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The statement is as follows: On July 16, in Jeddah, Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and Kishida Fumio,...
  • DSCE gets ISO 50001, net-zero certifications for sustainable energy management

    DUBAI, UAE - The Dubai Supreme Council of Energy (DSCE) has received the ISO 50001:2018 in energy management systems and the net-zero statement of verification and assurance certificate. This followed a comprehensive assessment conducted by W3 Solutionz - USA through CanaGulf International Standardization. The new accomplishment adds to DSCE's achievements...
  • DEWA given Net-Zero statement of verification for work on climate change

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in recognition of its relentless efforts in climate action. This followed a comprehensive assessment conducted by W3 Solutionz - USA through CanaGulf International Standardization, based on the International Workshop Agreement Guidelines...
  • DEWA, Huawei ink deal to bolster digital change, decarbonization

    Guangdong, China - A DEWA delegation led by Al Tayer, MD and CEO DEWA, discussed enhancing cooperation and exchanging experiences in energy storage, smart grids, digital transformation, cloud computing, and electric vehicle charging station with Huawei in China. Digital DEWA and Huawei signed an MoU which focuses on accelerating digital...
  • Oil and gas firms must invest more in clean energy

    “The phase down of fossil fuels is in-evitable. It is in fact essential. But it cannot be irresponsible. We must manage this transition, ensuring energy security, accessibility and affordability, while also sustaining socio-economic development. The speed of the transition will be driven by how quickly we phase up zero carbon...
  • European Union deal to nearly double renewable energy by 2030

    The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the share of renewable energy to 42.5 percent, from 22 percent today. The EU has set an ambitious target to become a "climate neutral" economy by 2050, with net-zero greenhouse gas...
  • EU unveils plans to scale up net-zero technology

    BRUSSELS, BELGIUM- The European Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU and make sure the Union is well-equipped for the clean-energy transition, local media reports said. This initiative was announced by President Ursula von der Leyen as a part of the...
  • Saudi meet stresses carbon capture vital for net-zero goals

    Riyadh, Saudi Arabia – Net-zero goal cannot be achieved without carbon capture and there is a need to scale up carbon capture and storage over the coming years to reach zero emission targets, Fahad Alajilan, President of the King Abdullah Petroleum Studies and Research Center (KAPSARC), has said.KAPSARC co-hosted on...
  • DEWA updates strategic plan to include achieving net-zero by 2050

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has updated its strategic plan, adding achieving net-zero by 2050 to its vision. This move is as per its commitment of keeping pace with the government plans and strategies that aim to achieve net-zero by 2050 and the UAE’s efforts to...
  • Major UAE solar plant to go online before COP summit, says energy firm

    ABU DHABI, UAE - One of the world's biggest solar plants will become fully operational this year in the oil-rich United Arab Emirates, months before it hosts UN climate talks, a partner company said Tuesday. The UAE, a major oil exporter, is spending billions to develop enough renewable energy to cover...
  • WEF launches initiative to channelize US$3trn for climate and nature

    The World Economic Forum launched the Giving to Amplify Earth Action (GAEA), to help unlock the US$3 trillion of financing needed each year to reach net zero, reverse nature loss and restore biodiversity by 2050. The GAEA is a global initiative to fund and grow new and existing public, private...
  • Dubai Supreme Council of Energy reviews efforts to achieve net-zero carbon emissions by 2050

    DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd meeting held virtually. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy also participated. The meeting was attended by Secretary-General of the Dubai Supreme Council of...
  • GCC vows to unify stance of global environment issues

    The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international environmental forums.
  • UAE, UK experts discuss science, tech help in net-zero agenda

    ABU DHABI, UAE - Experts from UK and the UAE participated in a Sci-Tech Virtual Tour of the Emirates science and technology ecosystem. The virtual tour was organized by UAE’s Ministry of Industry and Advanced Technology (MoIAT), the Ministry of Foreign Affairs and International Cooperation (MoFAIC), UAE Embassy in London,...
  • ‘Carbon credits need more supply, integrity to meet global demand’

    RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if participants address issues over limited supply and integrity, the Secretary General of the International Energy Forum (IEF) told a conference. Trade in voluntary carbon credits could grow 100-fold by 2050...
  • UAE ministry launches Green Business Toolkit 2.0 at COP27

    The Ministry of Climate Change and Environment (MOCCAE) introduced the second edition of the UAE Green Business Toolkit in partnership with the Global Green Growth Institute (GGGI) at the 27th United Nations Climate Change Conference (COP27), held in the Egyptian city of Sharm El Sheikh.
  • UAE launches National Net Zero by 2050 Pathway

    The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021.
  • ENOC, IHI sign low-carbon ammonia and hydrogen supply chain agreement

    Green ammonia, which can be achieved by combining and reacting green hydrogen and nitrogen at high temperatures and pressures, can potentially reduce global carbon emissions and be used within the transportation, power generation and industrial sectors. 
  • Net zero claim not valid if companies invest in fossil fuels: Guterres

    Antonio Guterres said businesses as well as cities and regions should update their voluntary net zero pledges within a year to comply with the recommendations by UN experts, as he trained his sights on fossil fuel firms and "their financial enablers".
  • Vietnam struggles to shake off its coal addiction

    During the COP26 climate summit last year, the government boldly promised to end the construction of new coal plants and phase out the dirtiest of those already running, even as energy demands soar in the manufacturing powerhouse.
  • Facing criticism, Rishi Sunak reverses his decision to skip COP27 in Egypt

    A U-turn was hinted at on Tuesday when his spokesman said the decision was "under review" and after reports that Boris Johnson would attend.
  • UAE-US partnership to spur $100 bn clean-energy financing, development

    The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US, UAE and other countries; invest in responsible and resilient supply chains; and promote investment in green mining, production and processing of minerals and materials that are vital to the energy...
  • Shamma bint Sultan calls for collaboration on climate change

    Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the rapid escalation of the climate crisis in recent years, and UAE’s efforts to mitigate the effects through its Net Zero strategy.
  • BP to buy Archaea for US$4.1bn

    BP bought US firm to reach net zero emissions by 2050.
  • GHD, Fraunhofer–Gesellschaft to help develop UAE hydrogen policy

    The Ministry of Energy and Infrastructure (MoEI) of UAE announced that it had signed an agreement with GHD Group, in partnership with the Germany-based Fraunhofer--Gesellschaft, to develop its National Hydrogen Strategy.
  • ‘More efforts needed for net zero carbon emissions by 2050’

    More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's (IEA) latest appraisal of global progress on clean energy technologies.
  • ADNOC, TAQA conclude $3.8 bIllion offshore decarbonization deal

    Abu Dhabi, UAE---ADNOC and Abu Dhabi National Energy Company (TAQA) Friday announced the financial closing of their $3.8 billion project to power and decarbonize ADNOC's offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the Consortium),...
  • Dubai reduced carbon emissions by 21 percent in 2021

    The Dubai Supreme Council of Energy had a virtual meeting in which it was revealed that Dubai had reduced carbon emissions by 21 percent in 2021.
  • World Green Economy Summit to discuss food security

    The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems and the contribution of the agriculture and food production sectors to achieve a net zero future.
  • First phase of ADNOC Refining’s WHR project nears completion

    ADNOC Refining's Waste Heat Recovery (WHR) project is designed to capture exhaust heat from the gas-powered turbines at ADNOC Refining's General Utilities Plant.
  • UAE issues updated second NDC to reduce emission

    The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved an updated version of the UAE’s second Nationally Determined Contribution (NDC) under the Paris Agreement.
  • UAE leads GCC towards circular carbon economy

    The UAE ranks highest among GCC economies and 12th overall in the first edition of the Circular Carbon Economy Index that focuses on energy management of the countries.
  • Digitalization helps GCC realize decarbonization goals

    Firms in the region are increasingly augmenting their focus on operational transformation with new approaches to manage and optimize energy consumption, says an expert.
  • ADDED, EWEC sign MoU to improve sustainability, clean energy adoption

    The Emirates Water and Electricity Company (EWEC) and the Abu Dhabi Department of Economic Development (ADDED) today signed a Memorandum of Understanding (MoU) aimed at improving sustainability best practices and encouraging the adoption of Clean Energy Certificates (CECs) across the emirate’s industrial sector. EWEC will collaborate with ADDED through the...
  • Flood of net zero vows suffer ‘credibility gap’: report

    While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in many plans, according to an analysis published Monday that raises fears of potential large-scale greenwashing by businesses. Faced with mounting urgency and public pressure as deadly and costly climate impacts...
  • Abu Dhabi to trade carbon credits like assets

    Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They can also be generated and traded on voluntary carbon markets worldwide, with examples developed in Singapore, Sydney, New York, and London.
  • World’s fossil fuel assets risk evaporating in climate fight

    Oil platforms, pipelines, coal power plants and other fossil fuel assets could lose trillions of dollars in the battle against climate change in the coming decades, experts say. The warning was issued in a 3,000-page report by UN experts who said fossil fuel assets must be retired and replaced with...
  • Unit 2 of Barakh Nuclear Energy Plant starts operations

    The Emirates Nuclear Energy Corporation (ENEC) announced today the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant. Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatts and further securing...
  • BP profits $7.6bn in 2021

    The company aims to cut emissions by 50 percent by 2030.
  • UNWTO optimism to cheer up MENA tourism

    While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia are using it to diversify their economy.
  • Dubai’s carbon emissions have fallen by 22 percent in 2019

    Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support the green economy of the emirate, said Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy. Al Muhairbi was attending the Dubai Supreme Council of Energy's 67th...
  • Carbon capture tech finally gaining speed: IEA

    For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.
  • RAF claims world first flight using synthetic oil

    Group Captain Peter Hackett completed a short flight in an Ikarus C42 microlight aircraft at an airfield in Gloucestershire, western England, earlier this month.
  • ADNOC to invest $6 billion more in drilling to ramp up production

    Abu Dhabi's national oil company announced Tuesday a $6 billion investment in crude oil drilling as it ramps up production capacity. The announcement comes a day after the United Arab Emirates (UAE) said a recent UN climate summit in Glasgow was a "success" but that the world needs to keep...
  • Scientists appeal for immediate climate action at COP26

    More than 200 scientists told the COP26 summit Thursday to take immediate action to halt global warming, warning in an open letter that some climate change impacts were "irreversible" for generations. The central task of the Glasgow meeting is to implement the Paris Agreement, with its goal of limiting temperature...
  • Big gap between COP26 words and climate action

    Finance is a crunch issue at the summit, with developing nations demanding rich emitters make good on decade-old promises to provide $100 billion a year to help them cope.
  • COP26 sees new coalition for net-zero tourism

    The SGTC will be headquartered in Riyadh, Saudi Arabia, and may open regional offices in other countries.