The MENA region is an attractive CDM destination as it is rich in renewable energy resources and has a robust oil and gas industry. Surprisingly, countries in MENA host very few and declining number of CDM projects with only 23 CDM projects registered till date. The region accounts for only 1.5 percent of global CDM projects and only two percent of emission reduction credits. The two main challenges facing many of these projects are: weak capacity in most MENA countries for identifying, developing and implementing carbon finance projects and securing underlying finance. The registered CDM projects in MENA countries … Continue reading →
Green finance is among the most important enablers that would boost innovation and increase the adoption of green solutions and practices across different industrial sectors. Green finance, which has grown by leaps and bounds in recent years, provides public well-being and social equity while reducing environmental risks and improving ecological integrity. Middle East is making good progress towards green growth and low-carbon economy. “The latest regional trends highlight the need for green financing mechanisms to support transition to green economy”, said Ruba Al-Zu’bi, CEO of EDAMA. “While green may be the obvious feasible and sustainable approach, access to finance makes it … Continue reading →
With high population growth rate, increase in industrial and commercial activities, high cost of imported energy fuels and higher GHGs emissions, supply of cheap and clean energy resources has become a challenge for the Jordanian Government. Consequently, the need for implementing renewable energy projects, especially solar, wind and biomass, has emerged as a national priority in recent years. Jordan has substantial biomass resources in the form of municipal solid wastes, sewage, industrial wastes and animal manure. Municipal solid wastes represent the best source of biomass in Jordan. Solid waste generation in the country is approximately 2 million tons per … Continue reading →
Jordan has tremendous wind, solar and biomass energy potential which can only be realized by large-scale investments. In 2007, the Government of Jordan developed an integrated and comprehensive Energy Master Plan. Renewable energy accounted for only 1% of the energy consumption in Jordan in 2007. However, ambitious targets have been set in the Master Plan to raise the share to 7% in 2015 and 10% in 2020. This transition from conventional fuels to renewable energy resources will require capital investments, technology transfer and human resources development, through a package of investments estimated at US $ 1.4 – 2.2 billion. The … Continue reading →
The refugee crisis has hit record heights in recent years. According to the UNHCR, as of the end of 2014 there were approximately 60 million refugees worldwide. This is a significant increase from a decade ago, when there were 37.5 million refugees worldwide. Syria’s ongoing civil war, with 7.6 million people displaced internally, and 3.88 million people displaced into the surrounding region and beyond as refugees, has alone made the Middle East the world’s largest producer and host of forced displacement. Adding to the high totals from Syria are displacements of at least 2.6 million people in Iraq and 309,000 … Continue reading →
Agriculture plays an important role in the economies of most of the countries in the Middle East and North Africa region. Despite the fact that MENA is the most water-scarce and dry region in the world, many countries in the region, especially those around the Mediterranean Sea, are highly dependent on agriculture. The contribution of the agricultural sector to the overall economy varies significantly among countries in the region, ranging, for example, from about 3.2 percent in Saudi Arabia to 13.4 percent in Egypt. Large scale irrigation coupled with mechanization has enabled extensive production of high-value cash crops, including fruits, vegetables, … Continue reading →
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