Category: Climate Action

Greenlogue/APFirst Abu Dhabi Bank has launched its second blue bond, raising USD 20 million through a three-year issuance, to support marine conservation, wastewater recycling and renewable-powered desalination in Abu Dhabi and Al Ain.With this issuance, FAB’s cumulative blue bond volume reaches USD 70 million, following the bank’s inaugural blue bond in August. The funds are aligned with FAB’s 2023 Sustainable Finance Framework and governed by the International Capital Market Association’s Green Bond Principles. The proceeds will finance wastewater

Greenlogue/APA global analysis commissioned by Transport & Environment and conducted by Cerulogy reveals that biofuels now generate 16 percent more carbon dioxide emissions than the fossil fuels they are intended to replace. The finding throws into sharp relief the risks of scaling up crop-based biofuel programmes ahead of the COP30 climate summit in Belém, Brazil.The study includes emissions not only from cultivation, harvesting and processing, but also from indirect land use change — the opening up of

Greenlogue/APMubadala Energy achieved a 36.5 per cent drop in its Scope 1 and 2 greenhouse gas emissions in 2024, the company’s newly published Sustainability Report reveals, underscoring the firm’s accelerating role in the energy transition. The decline was complemented by a sharp 55 per cent fall in emissions intensity, from 15.57 to 6.95 tonnes CO₂e per kilo barrel of oil equivalent. Emissions from flared gas fell by 12.8 per cent across its portfolio, and the company unveiled its first

Greenlogue/APSaudi Arabia’s Public Investment Fund has mandated Crédit Agricole CIB, JPMorgan and Société Générale to arrange a dual-tranche, euro-denominated green bond issue in three- and seven-year maturities, sources close to the matter said. This marks the fund’s inaugural euro green bond issuance and appears set to be its only green debt deal of the year.By pursuing this move, the sovereign wealth fund signals a further push into international sustainable finance markets as it supports the kingdom’s Vision 2030

Greenlogue/APGulf Cooperation Council nations captured only about $24 billion in green foreign direct investment out of more than $1 trillion globally between 2020 and 2024, even though six of the ten least expensive solar-power projects worldwide are hosted in the GCC, a Strategy& Middle East analysis finds. Saudi Arabia received $12.6 billion of that inflow, Oman $8.9 billion, with the United Arab Emirates drawing smaller but growing deals.The report shows that while global green FDI flows grew sharply

Greenlogue/APQatarEnergy has awarded Samsung C&T’s Engineering & Construction Group the contract to build a mammoth solar power facility in Dukhan, around 80 km west of Doha. The plant will deliver 2,000 MW in two phases by mid-2029.Phase one will supply 1,000 MW to the Kahramaa grid by end-2028. The full plant is designed to support QatarEnergy’s drive to exceed 4,000 MW of renewable generation capacity by 2030.Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and

Greenlogue/APAfrican leaders have set a target of mobilising US$50 billion annually to fund a new continental climate solutions initiative unveiled at the second Africa Climate Summit in Addis Ababa. The initiative, led by Prime Minister Abiy Ahmed of Ethiopia, aims to deliver 1,000 climate innovations by 2030 through mechanisms such as the Africa Climate Innovation Compact and the African Climate Facility.The funding goal forms part of a broader declaration emerging from the summit, which also saw a push

Greenlogue/APAustralian Retirement Trust, the nation’s second-largest pension fund, has committed almost A$1 billion to the Macquarie Green Energy and Climate Opportunities Fund, aiming to scale up its sustainable investing strategy. The sum is among ART’s first substantial investments under its target to allocate at least A$2 billion by 2030 into assets that generate both member returns and environmental or social impact.Under the deal, ART will take exposure to renewable energy and climate-oriented assets domestically and internationally through MGECO.

Greenlogue/APConstruction on the expansive NEOM green hydrogen development has passed the eighty-percent mark at the outset of the first quarter of 2025, the NEOM Green Hydrogen Company has confirmed. This achievement spans the green hydrogen plant itself, the wind garden, the solar farm and the transmission network. Equipment delivery and installation are progressing apace, with wind turbines, hydrogen storage vessels, electrolysers, a cold box and pipe racks now onsite.NGHC confirmed that the integrated facility—located in Oxagon—is on

Greenlogue/APSobha Realty has achieved a milestone with its largest-ever issuance of a $750 million green sukuk, marking the highest such issuance by any real estate developer globally. The five-year Islamic bond, issued under a $1.5 billion Trust Certificate Issuance Programme, attracted orders worth approximately $2.1 billion—nearly 2.8 times the issue size—allowing pricing to tighten by 50 basis points from initial guidance. The sukuk carries a profit rate of 7.125 per cent per annum, translating to an effective yield of

Greenlogue/APGulf Cooperation Council countries recorded a clear rise in their overall Circular Carbon Economy Index score, posting 41.5 in 2024, up from 37.7 in 2023, according to data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf. The figures show that GCC countries posted gains in global circular carbon economy rankings, as three GCC states ranked at the top of the Middle East and North Africa region.The index comprises two core components.

Greenlogue/APSOHAR Port and Freezone has inked an agreement with MoonRock and the Danish firm PowerCon to install shore power infrastructure at its container terminal, enabling berthed vessels to plug into onshore electricity and switch off their auxiliary engines—cutting emissions, fuel use and noise pollution while enhancing efficiency.The ceremony took place during the Gulf Green Mobility Forum, with MoonRock as lead investor and PowerCon providing technical expertise. The initiative aligns with the port’s sustainability drive and Oman’s long-range ambitions under

Greenlogue/APDubai is gearing up to host the 11th World Green Economy Summit on 1–2 October 2025 at the Dubai World Trade Centre, where green finance will sit at the forefront of global climate discussions. Under the theme 'Innovating for Impact: Accelerating the Future of the Green Economy', the summit will convene policymakers, investors, business leaders, academics and innovators to mobilise capital toward equitable, sustainable growth. Organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum and spearheaded by the

Greenlogue/APThe United Arab Emirates is elevating its contribution to the global clean‑energy shift through an ambitious expansion of solar generation capacity, backed by major state and private entities, spanning domestic projects and international initiatives.Domestically, the Al Dhafra Solar PV project near Abu Dhabi, boasting a capacity of 2 GW, remains one of the world’s largest single‑site solar power plants and significantly bolsters the UAE’s installed solar capacity to well over 5 GW. This facility, inaugurated in November 2023, established a new benchmark for

Greenlogue/APVeolia has moved to acquire the remaining 30 per cent stake in its Water Technologies and Solutions subsidiary from CDPQ, in a deal valued at around US$1.75 billion, positioning the company for greater strategic agility and cost-efficiency. The transaction is expected to bring about €90 million in run‑rate cost synergies by 2027, simplification of the group’s structure, and added value through streamlined decision‑making and integration.The move forms part of Veolia’s “GreenUp” strategic roadmap, which prioritises capital allocation in water technologies

Greenlogue/APNegotiations in Geneva over a global plastics treaty collapsed amid sharp disagreement on key issues, leaving hopes of a legally binding agreement in limbo. Delegates from 183 countries failed to reach consensus, marking a second missed opportunity to finalise the world’s first treaty to curb plastic pollution.Opening with high expectations, the Intergovernmental Negotiating Committee aimed to build on prior progress and resolve enduring disputes. This second part of the fifth session took place from 5 to 15 August

Greenlogue/APDubai’s Madinat Jumeirah is set to welcome the climate and sustainability community on 26 and 27 November 2025 as it hosts the MENA edition of CARE—Climate Action & Renewable Energy Expo. The B2B summit offers a platform for governments, tech innovators, financiers and corporate leaders to converge around actionable decarbonisation and renewable energy strategies.Under the global initiative of CARE, organised by Trescon, this two-day event will align industry ambition with practical climate action through executive dialogues, innovation showcases, and

Greenlogue/APAbu Dhabi National Energy Company has secured a deal to acquire GS Inima, a major player in water treatment and desalination services, from GS Engineering & Construction. The agreement, valued at US$1.2 billion, will grant TAQA full ownership of GS Inima and propel the company’s international water growth ambitions.Headquartered in Madrid, GS Inima has long been a key figure in the global water industry, with a strong portfolio that spans water desalination and treatment technologies. The company manages

Greenlogue/APAbu Dhabi Future Energy Company is poised to receive continued backing from the local government to fuel its expansion in the energy sector. As part of an ongoing commitment to achieve its ambitious target of 100 gigawatts in renewable energy capacity, the Abu Dhabi government will provide regular equity injections for brownfield projects. This financial support underscores the government's confidence in Masdar's role as a key player in the transition to sustainable energy in the region.S&P Global

Greenlogue/APThe United States has solidified its position as the leading source of greenfield foreign direct investment in Saudi Arabia during the first half of 2025, with American companies backing 61 projects worth a total of $2.7 billion. This surge in American investments marks a significant shift in global investment trends, as US-based firms continue to bolster the Kingdom's economic diversification efforts under its Vision 2030 initiative.The surge in greenfield investments from the US is part of a broader

Greenlogue/APSuqia, the UAE’s national water charity, continues to solidify its global humanitarian efforts, reaching nearly one million people in Tanzania with clean drinking water. In partnership with the Emirates Red Crescent and backed by a grant from HH Sheikh Mohammed bin Rashid Al Maktoum, this initiative aims to address water scarcity, one of the most pressing issues facing communities in East Africa.The project, a part of the UAE's broader commitment to humanitarian aid, underscores the nation's dedication to sustainable

Greenlogue/APSNB Capital has successfully facilitated the completion of a significant SAR7.1 billion capital increase for Acwa Power, a leading Saudi developer, investor, and operator of power generation and desalination plants. The deal, executed through a rights issue on the Saudi Exchange, marks one of the largest transactions of its kind in the region.The transaction involved the issuance of 33.93 million new shares, priced at SAR210 per share, equating to a 4.63% increase in the company's share capital.

Greenlogue/APOman Data Park has formed a strategic alliance with Solar Wadi to establish the Sultanate’s inaugural green energy data centre, powered by solar generation. The collaboration marks a significant step in aligning ODP’s technological infrastructure with Oman’s net-zero ambitions, as the data centre is set to harness sustainable energy to lower operational emissions and improve grid resilience.ODP, long regarded as the nation’s leading provider of managed services, cloud platforms and cybersecurity solutions, is extending its operational philosophy to

Greenlogue/APThe United Arab Emirates and Senegal have formalised a significant partnership aimed at addressing Africa's escalating water and sanitation challenges. This collaboration, announced during the 2025 UN Ocean Conference, underscores a shared commitment to sustainable water management and climate resilience across the continent.At the heart of this initiative is the establishment of an integrated water-ocean management framework, designed to harmonise freshwater and marine ecosystems. This approach is pivotal for nations like Senegal, where the interplay between land and