UAE Announces Blue Visa for Environmentalists
The Blue Residency visa targets individuals actively advocating for environmental causes. It covers sustainability efforts inside and outside the UAE.
Middle East Weekly Round Up
The main ESG related events happened in Middle East last week.
New EU Rules Crack Down on Greenwashing in Fund Names
ESMA found a fourfold increase in the use of ESG terms in European fund names over the past decade. However, this has led to some asset managers misleadingly labelling funds as “sustainable” to attract investors, which amounts to greenwashing.
Trade War: US To Introduce New Tariffs On Chinese EVs
The official announcement is scheduled for Tuesday. The specifics remain undisclosed and the White House declined to comment.
DEWA Reduces Emission By 19%, Leads Dubai’s Sustainable Drive
DEWA supports Dubai’s economic and social fabric and sets a benchmark for global sustainability aspirants. Their comprehensive approach is a role model for global cities in shaping a sustainable and resilient future.
Controversy Over SBTi Approval of Allowing Carbon Credits for Scope 3 Emissions Offsetting
The organization will now allow companies to use carbon credits to offset their Scope 3 emissions, which includes their entire value chain, in their pursuit of net-zero targets.
Will Europe Launch Carbon Tax on LNG Imports?
The EU launched its carbon border adjustment mechanism (CBAM) in October 2023, initially targeting specific industries like steel and aluminum. While LNG isn’t included for now, the bloc has extended its Emissions Trading Scheme (ETS) to shipping.
KMA Sustainability Summit Highlights Importance of Poverty Eradication
The governments should lead the charge in fostering positive change and draw inspiration from Mahatma Gandhi’s teachings on cleanliness and freedom, says MJ Akbar.
UAE Spearheads Global Sustainability Efforts with Innovative Strategies
UAE is focusing on securing investments in low-carbon technologies through innovative platforms like the Climate Finance Centre in Abu Dhabi, which is set to propel financial solutions for sustainable projects.
Honoring Excellence in CSR and ESG Leadership, KMA Invites Entries for KMA CSR Awards 2024
The last date for submission is February 25, 2024. ESG TIMES proudly announces its association with the esteemed KMA Sustainability Summit as the Online Media Partner.