Browsing: decarbonisation

ADNOC has awarded a contract valued at $5.5B to NMDC Energy, in collaboration with Technip Energies and JGC Corporation, for the engineering, procurement, and construction (EPC) of the lower-carbon Ruwais LNG project, situated in Al Ruwais Industrial City, Abu Dhabi.

Emirates Global Aluminium (EGA) has announced its Green Finance Framework today, aimed at supporting projects and initiatives that promote the transition to a low-carbon economy. Additionally, EGA disclosed that it funded its recent acquisition of European speciality foundry Leichtmetall using its inaugural green loan facility.

“The interest in Sustainable Aviation Fuel (SAF) is increasing, and there is significant potential. However, the concrete plans we have seen are not yet sufficient. Governments have set clear expectations for the aviation industry to achieve a 5% reduction in CO2 emissions through SAF by 2030 and to reach net zero carbon emissions by 2050. They now need to implement policies to ensure airlines can actually purchase SAF in the necessary quantities,” said Willie Walsh.

The UAE and Brazil are collaborating to strengthen their already thriving $4.3B trade partnership. Juma Al Kait, Assistant Under-Secretary for International Trade Affairs at the Ministry of Economy, praised the robust UAE-Brazil trade and investment relations during the Brazil-Emirates Conference in Abu Dhabi.

During a press briefing on Monday, December 4, Dr Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology and President of COP28, along with Jim Skea, the Chair of IPCC, provided statements summarising the achievements of the initial four days of COP28.