EU Commission Invests €4.6 Billion for Net-Zero Technologies and EV Batteries
Major Investments: €4.6 billion allocated through Innovation Fund for decarbonization projects, EV battery manufacturing, and renewable hydrogen production. Support for Hydrogen and Batteries: New €1 billion call for EV battery cell manufacturing and €1.2 billion auction for renewable hydrogen projects. Streamlined Funding: Innovative mechanisms like ‘Grants-as-a-Service’ and ‘Auctions-as-a-Service’ to reduce administrative barriers and boost funding […]
COP16 Riyadh Secures $12 Billion to Combat Drought and Land Degradation
$12 Billion Commitment: Global pledges include $10 billion from the Arab Coordination Group and $1 billion each from OPEC Fund and Islamic Development Bank (IsDB). Critical Funding Gap: Annual investments of $355 billion are needed, but current commitments fall short by $278 billion. High Returns Potential: Restoring over 1 billion hectares of land could yield […]
EU Delays Deforestation Regulation Implementation by One Year but Discards Changes
Extended Deadline: The EU postpones the application of its deforestation regulation to December 30, 2025. Preparation Time: Businesses and authorities gain an extra year to establish due diligence systems. Regulation Unchanged: Core objectives remain to ensure only deforestation-free products enter or exit the EU market. The European Union has agreed to delay the enforcement of […]
EBRD Appoints Harry Boyd-Carpenter as Head of Sustainable Infrastructure Group
Leadership Change: Harry Boyd-Carpenter appointed Managing Director of the Sustainable Infrastructure Group (SIG), effective January 2025. Green Focus: Brings expertise in advancing EBRD’s 50% green investment target and Paris Agreement alignment. Strategic Role: SIG represents one-third of EBRD’s business, spanning energy, transport, and municipal infrastructure sectors. The European Bank for Reconstruction and Development (EBRD) has […]
Aramco, TotalEnergies, and SIRC Partner to Assess Saudi Arabia’s First Sustainable Aviation Fuels Plant
Innovative Collaboration: Joint venture aims to assess a plant in Saudi Arabia to produce sustainable aviation fuels (SAF) from local waste. Global Energy Transition: SAF production aligns with decarbonization goals for aviation, leveraging expertise from three industry leaders. Vision 2030 Support: Advances Saudi Arabia’s sustainability goals and circular economy initiatives. Aramco, TotalEnergies, and the Saudi […]
