Tomorrow, November 6, 2024, at 1:00 pm Beirut time, we’re hosting the 2nd Regional Live Session of the SPARK Programme on Reducing GHG Emissions for SMEs! Join us online as we bring together experts from across the Middle East to discuss sustainable transformation and strategies for lowering greenhouse gas emissions. Meet our speakers: - Camila Fernández Silva– Race to Zero Regional Engagement & EPRG Manager, High Level - Amr Nader – CEO, A³&Co., United Arab Emirates - Uthman AL-Zahrani– Senior Manager, Carbon Neutrality Strategy, SABIC Corporate Sustainability, Saudi Arabia Sign up for the live session now! https://lnkd.in/eHfUeCZQ #SMEs #Circular_Economy #GHG_Emissions #Investment #Sutainable_transformation #Middle_East
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Check out the key insights from our latest webinar on carbon credits and economic growth strategies for Pakistan and Saudi Arabia. Discover how SAJJEED ASLAM, Ahsan Azim, and Hina Nasir unpacked the role of FDI, nature-based solutions, and new regulatory frameworks in driving the net-zero transition. This discussion sheds light on how these nations can position themselves as leaders in the global carbon market. Watch the full webinar on YouTube to explore all the details: https://lnkd.in/dPjJpdKn #Sustainability #CarbonCredits #NetZero #GreenEconomy #FDI #ClimateAction #Spectreco
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We’re thrilled to announce that the Carbon Footprint Center is participating in the first African Carbon Carbon Credit Market as a project development consultant to all participating companies in this initiative. The market launch happened last week under the auspices of the Egyptian Exchange - EGX and the Egyptian Financial Regulatory Authority FRA. CFC is an accredited organization in Egypt according to ISO 14064-1:2018 and ISO 14064-2:2019 at the organizational and project level. These certifications validate our expertise in the quantification, monitoring, and reporting of greenhouse gas emission reduction or removal enhancement standards, which ensures that the data and offsets we provide are accurate, reliable, and globally recognized. Thoraya Seada, the Director of the Carbon Footprint Center, sends her warmest congratulations to all participating stakeholders as well as the CFC team, who has been working tirelessly to bring awareness & climate action to Egypt through the CFC services. This represents a significant achievement to all participating stakeholders and a step that shows the commitment of the Egyptian government on a national level, and in Africa on a continent level, towards a sustainable planet and to achieve Egypt goals 2030, as well as bringing all conversations held in COP27 into impactful on-ground actions. #HU_CFC #CarbonFootprintCenter #HeliopolisUniversity #AfricaCarbonMarkets #VoluntaryCarbonMarket #EgyptCarbonMarket #EgyptianExchange #EGX #CarbonCredits #CarbonMarket
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#SaudiGreenInitiative #27March Saudi Arabia announces 300% increase in installed renewables capacity, 43.9 million trees planted since launch of Saudi Green Initiative. 1- Circular Carbon Economy 2-Investment in the green transition 3-Global collaboration 4-Whole-of-society action Oversee and unite all of Saudi Arabia’s work to combat climate change under one umbrella, with clearly defined goals. #Combineeffort Combine the efforts of the government and private sector, identifying and supporting opportunities for collaboration and innovation. #Growgreeneconomy Grow the green economy - more than 80 initiatives already launched, representing an investment of over SAR 705 billion. #Acceleratetransition Accelerate the green transition and be a global leader in the implementation of the Circular Carbon Economy approach. #Improvequalityoflife Improve quality of life and protect the environment for the benefit of future generations in Saudi Arabia #SGI #sustainability #vision2030 #march
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RIYADH: Saudi Arabia has emerged as a key player when it comes to environmental responsibility, setting ambitious targets to mitigate greenhouse gas emissions via carbon credit offsets. At the forefront of Saudi Arabia’s environmental initiatives is the dynamic approach to carbon neutrality. The Kingdom is determined to not only reduce its carbon footprint but also actively contribute to offsetting emissions through a comprehensive carbon credit program.
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Pakistan has a strategic advantage to tap into the global carbon market, estimated at nearly a trillion dollars. China, Saudi Arabia and the UAE have substantial carbon footprints. Pakistan’s strategic positioning means it has access to huge carbon credit markets as well. #carbonmarkets #carboncredits #greenfuture https://lnkd.in/dAMz_BYu
Pakistan ‘well positioned’ to leverage $949bn global carbon market but challenges aplenty
brecorder.com
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#AENOR was selected by the World Bank to validate and verify a pioneering project – the Innovative Carbon Resource Application for Energy Transition (iCRAFT) – in Uzbekistan. This is the first World Bank climate policy crediting program globally and the first international carbon transaction in Central Asia under the Paris Agreement. The project will support Uzbekistan in implementing energy efficiency measures, phasing out energy subsidies, and transitioning to cleaner energy sources. AENOR finished works with success and World Bank rewarded Uzbekistan with a $7.5 million grant for successfully cutting 500,000 tons of carbon emissions under the iCRAFT Project. I hope that many more projects come, that World Bank continues to trust in AENOR professionals and that to the extent of our possibilities we can continue to participate in this great responsibility that we have to alleviate climate change. #AENOR #ParisAgreement #NDC #Article6 #Energy #Greeneconomy Uzbekistan Receives $7.5 Million in Carbon Credits for Enabling Half a Million Tons of Emissions Reduction (worldbank.org)
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Saudi Arabia's commitment to carbon capture policy is gaining momentum. The Kingdom recently joined the Global CCS Institute, a leading international organization focused on accelerating the deployment of CCUS technologies worldwide. This collaboration will enable Saudi Arabia to leverage global expertise and exchange best practices in carbon capture implementation. As one of the world's largest oil producers, the Kingdom recognizes the importance of transitioning towards a low-carbon economy and reducing carbon intensity across various sectors. #Sustainability #CarbonCapture #RenewableEnergy #SaudiArabia #ClimateAction 🇸🇦
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A new report by S&P Global Ratings says that the UAE and Saudi Arabia will continue to be the biggest sources of green, social, sustainability, and sustainability-linked bonds in the Middle East. These bonds help fund projects that are good for the environment or society. In 2023, the Middle East saw a big increase in these bonds, reaching a record high of $23 billion. However, this is still a small part of the global total. The report expects this trend to continue, especially as countries in the region try to meet their sustainability goals and reduce their carbon footprints. Projects like renewable energy and water conservation are likely to get a lot of funding. The recent COP28 conference in the UAE highlighted the importance of Islamic finance in tackling climate change. Overall, the report predicts that the issuance of these bonds will keep growing in 2024, reaching between $950 billion and $1.05 trillion. #Projects #renewable #energy #trillion #report #UAE #SaudiArabia
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Saudi Arabia's Leap Towards Sustainability with the Green Financing Framework The Saudi Ministry of Finance has proudly announced the Kingdom of Saudi Arabia Green Financing Framework. A cornerstone in achieving #NetZero emissions, this initiative aligns with the Circular Carbon Economy model and underlines the Kingdom's dedication to environmental stewardship. Aiming to attract investments, the framework is a strategic step in realizing the #SaudiVision2030 goals of sustainable development and climate action. For more information, read the full article on Saudi Business News. Link in bio. #GreenFinancing #Sustainability #CircularCarbonEconomy #ClimateAction #SaudiArabia #Investment #ParisAgreement #GreenBonds #SaudiBusiness #SaudiNews #Vision2030
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Saudi Arabia is heavily investing in green technology, aiming to combat desertification and lead climate innovation. Hosting COP16, Riyadh plans to restore 40 million hectares of land and plant 10 billion trees as part of its Middle East Green Initiative. Efforts include energy-efficient wastewater treatment and a carbon-enriched compost that transforms desert sand into fertile soil, developed at KAUST. Despite these advancements, 75% of the region's climate tech investments favor energy, with $363 million directed toward energy solutions, far surpassing agriculture and land use funding. Critics label these efforts as "greenwashing," citing Saudi Arabia's ongoing commitment to oil exports and reliance on fossil fuels. Advocates argue more venture capital is needed to scale these green innovations effectively. #GreenInnovation #SustainabilityGoals #DesertToOasis #SaudiGreenInitiative #TechForGood #ClimateTech #EcoSolutions #RenewableEnergy #CarbonEconomy #ClimateActionNow
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