Future global warming scenarios indicate the 1.5°C target laid out under the 2015 Paris Agreement is at risk, with some projections suggest a median global warming of as much as 2.8°C by 2100. Bridging the gap between emissions and mitigation necessitates immediate, comprehensive, and far-reaching strategies in energy, cities, transportation, demand mitigation, and carbon removal. Urgent and coordinated global action is imperative to address the escalating climate crisis. The 2023 U.N. Climate Change Conference meeting in Dubai serves as a critical juncture to assess progress, address gaps in mitigation efforts, and translate net-zero goals into impactful climate action.
The Middle East is undergoing a historic transformation with unprecedented opportunities to build new relationships, de-escalate tensions, and foster conditions for stronger integration. At the same time, the region remains on edge because of ongoing tensions in Yemen, Syria, Iraq, and other conflict zones, a civil war that broke out recently in Sudan, along with the overarching challenges presented by fraught relations between Iran, Israel, and several Arab Gulf countries with the longer-term implications of the still-fragile Iranian-Saudi rapprochement yet to be fully assessed.
Al Ghazala Energy Company, the Saudi-based subsidiary of Jinko Power Technology Co, a global leader in renewable energy, has achieved financial close and commenced construction of its 300 MW Saad Solar PV Project in the kingdom.
Although global energy demand fell in 2020 due to the pandemic, investment in energy transition increased. In April, the International Renewable Energy Agency (IRENA) reported that renewable energy’s share of new generating capacity rose substantially for the second year in a row. China, which has emerged as the indisputable leader of renewable energy expansion worldwide, has begun to reorient its overseas energy investment and finance towards non-fossil fuels projects. This shift could portend a larger role for China in the MENA region’s growing renewables sector, especially in solar power production.
The winners of tender for construction projects of PV stations with a capacity of 180-220 MW of alternating current each, located in Samarkand and Dzhizakh regions (Scaling Solar 2).