Chaired by UAE Envoy for Climate Change Sultan Al Jaber, the global climate summit will focus on a four-pillar strategy for a sustainable future.

This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green hydrogen, catalyzing a global clean energy shift.

The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East, and India through infrastructure.

DUBAI, UAE – Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade discussed deeper economic collaboration, including the Comprehensive Economic Partnership Agreement (CEPA) with Damien O'Connor, New Zealand's Minister of Trade and Export Growth here. During the meeting, which came as part of a visit to...

"Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance in the region. Collaboratively defining a framework for accountability and best practices will encourage the transition to a climate-neutral, resource-efficient, and resilient economy," he adds.

The investment in green hydrogen has not curbed expansion in oil and gas, with both the UAE and Saudi Arabia planning to grow their hydrocarbon industries. Experts predict it could still take years before Gulf countries can produce green hydrogen at a cost competitive with fossil fuel-based alternatives.

As these countries -- including Saudi Arabia, UAE and Qatar -- progress to the next phase of their economic diversification, focusing on renewable energy technologies and cutting-edge manufacturing, Turkiye can emerge as a dependable partner, offering opportunities for technology transfer and joint development, he adds.

"The UAE is committed to a sustainable future, and we believe that our youth are the key to achieving this goal. By empowering young people with green skills, we can help them shape the energy landscape for the future and build a more sustainable world for all," adds Al Marar.

While rising EV demand may cause a global shortage of metals like cobalt and lithium by 2030, the Gulf region's vast resources position it as a potential recycling leader.

The Saudi energy developer will be allocated 3,000 sq km of land.

"The Emirati-Indian economic cooperation is gaining increasing momentum in sectors of the circular economy, tourism, aviation, entrepreneurship, small and medium enterprises, renewable energy, technology, digital transformation and transportation, in light of their economic partnership and the capabilities," he adds.

“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...

The international oil bloc’s technical team constantly monitors variables in global oil markets and presents its recommendations to the ministerial committee to make appropriate decisions, which can help improve market stability and drive sustainable growth, adds Suhail bin Mohammed Al Mazrouei.

Finland and the UAE will be able to tackle climate change through international efforts, collaboration, and partnerships, she adds while highlighting that the European country belongs to a group of ambitious EU Member States that is advocating stricter emission reduction targets for non-EU countries in the forthcoming COP28 in Dubai.

Limiting global temperature rise to 1.5 degrees Celsius is still possible but will require a 45 per cent reduction in carbon emissions by 2030. However, current policies will lead to a 2.8°C temperature rise by the end of the century, which spells catastrophe, says Guterres, calling for immediate global action...

Abu Dhabi, UAE -: Abu Dhabi Future Energy Company, also called, Masdar signed on Sunday an agreement for developing up to 1 gigawatt (GW) wind power plant in Kazakhstan to support the country’s goal of achieving half its energy mix from renewables by 2050. The Central Asian country is a...

The event is aimed at bolstering trade and economic alliances between Arab and Chinese business communities and to explore a variety of investment opportunities. The sectors in focus include technology, renewable energy, agriculture, real estate, minerals, and supply chains.

Al-Jaber, who runs the Abu Dhabi National Oil Company (Adnoc), defended a COP28 roadmap that includes a "global goal to triple renewable energy, double energy efficiency, and double clean hydrogen, all by 2030." His comments came as numerous participants and observers in the UN climate negotiations have called on al-Jaber...

"Undoubtedly, since both countries have opportunities to establish mutually beneficial cooperation by using Qatar's investments to process Tajik raw materials and produce high value-added end products for export. One of the strategic goals in Tajikistan is the implementation of accelerated industrialization," he adds.

Stockholm, Sweden -- Sweden's H2 Green Steel company said Wednesday it would supply German car maker Mercedes-Benz with 50,000 tons of steel made without using fossil fuels as of 2025. The two companies also signed an agreement for the potential supply of green steel produced in North America. H2 Green Steel,...

“When it comes to renewable energy, only two percent of the US$3 trillion invested worldwide over the last twenty years have made their way to Africa. If we can shift the balance on climate finance to Africa, I believe this continent can become a defining force in low carbon sustainable...

Abu Dhabi, UAE - Mubadala Investment Company invested AED 107 billion ($29 billion) in sectors that shape the future, including life sciences, renewable energy, and digital infrastructure, the company reported in its 2022 financial results, surpassing global benchmarks despite a challenging economic environment.  It participated in significant deals in the...

The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable projects and initiatives of the region".

ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030. During the UAE Climate Tech Forum in Abu Dhabi, Mohamed Jameel Al Ramahi, CEO...

"The SWF investment in climate tech will help sustain the shift away from the Gulf States' traditional source of income (oil and gas) as countries worldwide transition to cleaner energy sources. It will also create new opportunities for the countries in the region to thrive," he adds.

The acquisition includes all operating projects and pipeline of Spectrum.

While 82% firms are increasing investments in industrial automation and robotic process automation, 56% of them focus on enhancing employees' digital experiences at workplace.

The funds will be used in laying subsea cables between UK and Morocco.

London, UK— The UAE is looking to invest US$160 billion in the new economy sectors like renewable energy over the next three decades. This was stated by Abdullah bin Touq Al Marri, Minister of Economy, in his address at the 13th edition of the City Week 2023 Forum, in London,...

The Kingdom is dedicated to collaborating with international and regional partners to find solutions in the climate sector. Saudi Arabia is working on carbon management techniques, decarbonizing the energy sector, reducing emissions of other gases, and ending deforestation, added the country's Climate Affairs Envoy.

Firms will work together on nuclear, renewable energy.

Abu Dhabi, UAE - The UAE led the Arab region in terms of investments in Egypt, Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC) said. It totaled $28 billion at the end of the first quarter of 2023, compared to $20 billion during the same...

Gulf countries have substantial financial and other resources to achieve zero- emission goals but they need to identity and address the obstacles.

DUBAI, UAE -  MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating cooperation and integration with UAE Ministry of Energy and Infrastructure (MoEI). This is part of a series of mutual visits to enhance cooperation between government organisations in the UAE. The...

Integrating smart roads and sustainable construction in GCC smart cities requires technical proficiency like data analytics, sensor technologies and software skills, says an expert.

New Delhi, India -- India’s Minister for New, Renewable Energy and Power, R K Singh said on Tuesday that India and the UAE have both taken a lead in the development of renewables at low costs.  “The two countries are moving towards a strong relationship in the field of renewable...

Abu Dhabi, UAE -- Masdar has signed an agreement with the Cote d'lvoire's energy ministry to explore the development of a 70-megawatt solar power plant. The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led program that aims to raise public- and private-sector funds to invest...

Vienna, Austria - The OPEC Fund for International Development (OFID) is offering a US$25 million loan for solar energy development in Niger, scaling up electrification and access to renewable energy in the country. The loan will be provided to Solar Plant Development and Electricity Access Improvement Project (RANAA). The OPEC...

Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar, and Finnish investment and asset management group Taaleri, has announced the formal inauguration of the 200-megawatt (MW) Baynouna Solar Park – the largest clean energy project in Jordan. The inauguration...

A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable energy reached a record high of $0.5 trillion in 2022, this still represents less than 40 percent of the average investment needed each year between 2021 and 2030, according to...

The MoU encourages cooperation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids.

Jeddah, Saudi Arabia---The Islamic Corporation for the Insurance of Investment and Export Credit, the Islamic Development Insurance arm of the Islamic Development Bank Group, Saturday signed an MoU with the Abu Dhabi Future Energy Company (Masdar) as part of its goals to transition to renewable and clean energy in markets...

GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies.

The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert Energy.

The company will build a 120MW solar project in South Africa.

Abu Dhabi, UAE—Masdar will develop a 100 megawatt solar plant in Turkmenistan, the company's first such project in the country. In this regard, Masdar signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo). The JDA signing was witnessed by Serdar...

The two ministers also talked about the progress in the electrical interconnection efforts.

AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in MENA on Sunday, organized by the Arab Renewable Energy Commission(AREC), with Arab and international participation. In a statement Saturday, AREC's Secretary-General, Mohammed Taani, said the forum will discuss over three...

Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co.

Dubai, Abu Dhabi -- ENOC Group announced Wednesday that its Service Station of the Future is now open to the public at Expo City Dubai. Expo City Dubai is now ready to host 145,000 residents and workers, becoming the UAE’s first 15-minute city (a cycle-friendly, traffic free suburb of Dubai's...