A coalition of 40+ global business leaders and over 700 financial institutions, representing over 1,000 companies, has issued an open letter calling on governments to stimulate demand for green products. The lack of incentives and the availability of cheaper, higher-carbon alternatives are hindering the transition to a low-carbon economy, slowing down the deployment of green industrial projects.
The Industrial Transition Accelerator (ITA) has announced strategic partnerships with the United Arab Emirates (UAE) and the Kingdom of Bahrain to spearhead the decarbonization of industrial sectors across the Middle East and North Africa (MENA) region. The ITA’s goal is to mobilize significant investment by 2026, leveraging the MENA region’s potential as a global leader in green industrial development.
