The UAE witnessed a 32 percent year-on-year (YoY) growth in its 2022 green and sustainable finance issuing, a new report by leading consulting firm Arthur D. Little showed.
Celebrating the UAE’s Year of Sustainability and in line with COP28 objectives, a new solar park with an installed capacity of 4,382 kilowatt-peak will be constructed at Tawazun Industrial Park (TIP) in Abu Dhabi, top officials said. More than 7,600 solar panels will be installed for both rooftop and carport applications. Installation will start in the second quarter of 2023 and it is expected to be operating by the end of 2023.
The volume of government-led sustainability initiatives rolled out in the Middle East is staggering - their potential impact might be even more impressive.
The UAE has named 2023 as the ‘Year of Sustainability’ as it looks to host the COP28 climate change conference.