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DAILY NEWS DAY 3, 18 APRIL 2024 Today 03
World Future Energy Summit debuts eMobility Forum The inaugural eMobility Forum at the World Future Energy Summit began with a panel session which explored the issues and challenges around integrating new autonomous transport models into urban design. “When we launch an autonomous vehicle eprogramme there are many challenges to look at. What operators and what technologies are available locally? You need a good operator to manage the technology and face local challenges,” said Shahid Tanvir, Executive Advisor, Royal Commission for Riyadh City. The introductory panel session at the eMobility Forum.
Strong communications are key, the panel agreed, between vehicles and the infrastructure.
Finance
eMobility
Waste
A financial refocus for MENA
Scaling up electric mobility
Decarbonising waste industry
David Ramos, HSBC’s Head of Sustainability, was joined by Dr Soundouss Bouhia, Director of Policy & Finance for the UAE Independent Climate Change Accelerators (UICCA) and Jean Morcos, Senior Investment Officer at IFC, at the Green Finance Forum, to launch a new report: ‘Blended Finance in the Middle East & North Africa’.
At the eMobility Forum, Naveen Ahmed, Advisor and Transaction Coordinator, Private Financing Advisory Network, gave a presentation based on a study commissioned by the Pakistan Private Sector Energy Project, supported by USAID and implemented by PFAN, UNIDO and REEEP. It focused on the indigenisation of the EV value chain in the two- and three-wheeler transport segment in Pakistan.
Tadweer Group and the UK’s Levidian have joined forces to explore decarbonisation projects of landfill sites around the world through the deployment of Levidian’s LOOP technology, producing millions of tonnes of clean hydrogen and carbon negative graphene. This can be used as a high-quality additive to increase the performance of materials as wide-ranging as concrete, batteries and plastics. Tadweer Group will develop a first-of-its-kind pilot project in Abu Dhabi to be commissioned by the end of 2024.
“You need a good operator to manage the technology and face local challenges.”
This mobile system will then be used as part of the programme to develop further decarbonisation projects in the UAE and beyond, with the aim of showcasing the technology as a scalable solution to the world’s waste methane problem.
The report, a collaborative effort between UICCA, HSBC and Convergence, examines MENA’s blended finance landscape (worth US$14.2 billion), leading investors, and regions of high potential. Dr Bouhia said the report hopes to address the fact that “some stakeholders are reluctant to be more innovative. By raising awareness of blended finance, we could change the financial structuring and dynamic in MENA.”
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