Middle East ESG Weekly Round-Up
Major ESG Events in Middle East area this week
EAD Utilizes Drone Planting to Expand Mangrove Forests
The Environment Agency – Abu Dhabi (EAD) has launched an innovative drone planting initiative to grow large numbers of mangroves. This cutting-edge project aims to restore and expand mangrove forests, which are crucial for coastal protection, biodiversity, and carbon sequestration. EAD’s drone planting initiative leverages advanced technology to efficiently and effectively plant mangrove seeds across large areas. The drones, equipped with specialized seed pods, can plant thousands of seeds per flight, significantly accelerating the reforestation process compared to traditional methods. This technology enhances planting efficiency and ensures precision in seed placement, increasing the likelihood of successful growth. Dr Shaikha Salem Al Dhaheri, Secretary General of EAD, commented: “The use of drones for mangrove planting marks a significant advancement in our reforestation efforts. This innovative approach allows us to cover larger areas more quickly and accurately, supporting our goal of enhancing coastal resilience and biodiversity.”
Since the launch of the initiative, EAD has successfully planted thousands of mangrove seeds across various coastal regions in Abu Dhabi. The agency plans to expand these efforts, aiming to plant millions of mangroves over the next few years.
Aljomaih Energy & Water Leads Consortium for Financial Close
Aljomaih Energy & Water Company has successfully led a consortium to achieve financial close for the Taiba-2 and Qassim-2 solar power projects in Saudi Arabia. These projects, part of Saudi Arabia’s National Renewable Energy Program, aim to add significant renewable energy capacity to the Kingdom. The Taiba-2 and Qassim-2 plants will collectively generate 1.5 GW of clean energy, supporting the country’s Vision 2030 objectives to diversify its energy mix and reduce carbon emissions. The financial close marks a crucial step in advancing these projects, with construction set to begin shortly.
UAE Launches Report on Sustainable Development Beyond 2030
The UAE has unveiled a comprehensive report outlining its strategy for sustainable development beyond 2030. The report emphasizes the nation’s commitment to environmental stewardship, economic diversification, and social well-being. Key focus areas include transitioning to a green economy, enhancing energy efficiency, and promoting innovation in sustainable technologies. This forward-looking document builds on the UAE’s Vision 2021 and aligns with global sustainability goals, showcasing the country’s proactive approach to addressing future challenges. The report is expected to guide policy-making and investment decisions, ensuring long-term prosperity and sustainability for future generations.
Dubai South & Evocargo Partner for Autonomous Solutions
Dubai South has partnered with Evocargo to drive innovation in the UAE’s autonomous vehicle sector. This collaboration aims to develop and deploy advanced autonomous logistics solutions within Dubai South’s integrated economic zone. The partnership will leverage Evocargo’s expertise in autonomous technology to enhance supply chain efficiency and reduce environmental impact. By integrating cutting-edge autonomous vehicles into its logistics infrastructure, Dubai South is set to revolutionize the transportation sector, contributing to the UAE’s broader sustainability goals.
Masdar Raises $1 Billion Through Second Green Bond
Masdar, the UAE’s leading renewable energy company, has successfully raised $1 billion through its second green bond issuance. The funds will be used to finance new renewable energy projects worldwide. This green bond issuance highlights investor confidence in Masdar’s sustainable business model and its ability to drive positive environmental impact. The proceeds will support the development of solar, wind, and other renewable energy projects, contributing to global efforts to combat climate change and transition to a low-carbon economy.
Envision Energy and PIF Form Strategic JV for Renewable Energy Growth
Envision Energy has announced a strategic joint venture with the Public Investment Fund (PIF) of Saudi Arabia to accelerate the growth of renewable energy in the region. This partnership aims to develop large-scale renewable energy projects, including wind and solar, to support Saudi Arabia’s Vision 2030 objectives. The joint venture will leverage Envision Energy’s technological expertise and PIF’s financial strength to create a significant impact on the renewable energy landscape. This collaboration is expected to drive innovation, increase renewable energy capacity, and contribute to Saudi Arabia’s goal of diversifying its energy sources.
EtihadWE Implements 43 Measures to Enhance Customer Experience
Etihad Water and Electricity (EtihadWE) has introduced 43 new measures aimed at reducing bureaucracy and enhancing the customer experience. These measures include streamlined service processes, improved digital platforms, and enhanced customer support systems. The initiative is part of EtihadWE’s broader strategy to improve operational efficiency and customer satisfaction. By simplifying procedures and leveraging technology, EtihadWE aims to provide a seamless and efficient service experience for its customers.
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