Tag: COP28

Wind power giants find little shelter from sector troubles

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wind-energy

FRANKFURT/COPENHAGEN, Feb 7 (Reuters) – The world’s three biggest wind power groups – Siemens Energy (ENR1n.DE), opens new tab, Orsted and Vestas (VWS.CO), opens new tab – on Wednesday gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation. Siemens Energy, the world’s largest maker of offshore wind turbines, expects a 2024 loss before special items of around 2 billion euros ($2.2 billion) at Siemens Gamesa. The wind division has had to deal with the cost of addressing quality problems affecting some onshore models. Siemens Energy…

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Investments must reflect COP28 outcome: International Energy Agency

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Cop28-23

PARIS: Energy investments should be informed by the COP28 agreement to accelerate the move away from fossil fuels this decade, the head of the International Energy Agency (IEA) said on Friday. “After COP28, governments, companies, investors, need to tell the people around the world what actions they are taking to move the world away from fossil fuels,” Executive Director Fatih Birol told Reuters. Earlier this week at the climate summit in Dubai, governments agreed to transition away from fossil fuels to avert the worst of climate change. Countries are increasingly “making…

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CEOs of over 60 industry partners step up efforts to combat climate change through joint targets in renewables, green energy technologies, human skills, and finance at COP28.

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climate-change

Dubai, United Arab Emirates, 5 December 2023 – Over 60 top executives and knowledge partners of the Alliance for Industry Decarbonization (AFID) held a roundtable at COP28 today and committed to raise decarbonization ambitions through tangible achievements by 2030. Members of AFID have individual reduction plans that combined aim to reduce 51% of direct and indirect greenhouse gas (GHG) emissions and grow the installed renewable capacity from 84 gigawatts (GW) today to 187 GW in 2030. Moreover, Alliance members also commit to almost double installed green hydrogen, drive green energy solutions, increase workforce…

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25 leading utility companies from across the globe join forces with IRENA and the UN Climate Change High-Level Champions to launch Utilities for Net Zero Alliance

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partners-COP28

Dubai, United Arab Emirates, 5 December 2023 – Today, 31 partners, including 25 global utilities and power companies that collectively serve more than 250 million customers, united for a landmark joint commitment to advance electrification, renewables-ready grids, and clean energy deployment in line with 2030 Breakthrough goals and a net zero future by 2050. Global industry giants, regional utilities, developers, and power system technology leaders from across the world doubled down their support for the energy transition at COP28 in Dubai, aligning a significant share of the global electricity community with…

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Pakistani school wins $100,000 Zayed Prize for Sustainability at UAE’s COP28 conference

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Pakistani-school

DUBAI: A Pakistani school won the prestigious Zayed Sustainability Prize of $100,000 after being declared the best Global School in South Asia for its innovative project on water conservation and organic farming at the UN climate conference in Dubai on Friday.The school is operated by the Kashmir Orphan Relief Trust (KORT) and was competing for the prize against two other finalists from India and Bangladesh.Two young representatives of the trust were present at the gathering at the Expo City in Dubai where United Arab Emirates President Sheikh Mohamed bin Zayed…

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