Middle East ESG Weekly Round-Up
ESG news from Middle East this week.
New EU Green Rules to Hurt Developing Country Exporters
The Ecodesign for Sustainable Products Regulation (ESPR), recently adopted by the EU, mandates stricter environmental standards for a wide range of goods sold within the bloc.
Middle East ESG Weekly Round-Up
Major ESG Updates in Middle East this week.
Trade War Intensifies as EU Ups Tariffs on Chinese Electric Vehicles to 38%
The move, announced by the European Commission on Wednesday, will see tariffs on Chinese-made EVs increase from the current 10% to 38%, effective July 4th, unless a “solution” is reached with China regarding the subsidy issue.
Saudi Arabia Advances ESG Commitment Through Vision 2030 Initiatives
The Vision 2030 blueprint is focused on diversifying the Kingdom’s economy away from oil dependency, fostering sustainable development, and enhancing the quality of life for its citizens.
Middle East ESG Weekly Round-Up
Major ESG related news in Middle East last week
Dubai Introduces Sustainable Floating Fire Station
The floating fire station is designed to provide rapid response to maritime incidents while minimizing its environmental impact.
Middle East ESG Weekly Round-Up
Major ESG related news in Middle East last week
NSE’s EV Index: A Stimulant for India’s EV Segment
The base date of the index is April 2, 2018, with a base value of 1000. It will undergo semi-annual reconstitution and quarterly rebalancing.
FAME 3 Incentive Scheme Rolls Out Soon
FAME 3 is likely to increase subsidies for electric buses purchased by State Transport Undertakings (STUs) compared to FAME 2, which incentivized the purchase of 7,000 electric buses.