FOOD FOR THOUGHT- Climate-conscious PPPs are the fastest route to net zero, the senior vice president of Mashreq Bank’s energy unit told Zawya in an interview. Climate-smart PPPs will have to be open to adapting in order to strike a balance between energy security, geopolitics and climate change. Badar Chaudhry noted that boosting private investor confidence by de-risking finance and providing government-backed guarantees and joint investments with the support of export credit agencies will be key to accurately predicting the cost of the green transition. He also noted that the bill associated with the green transition “varies hugely” from USD 1.5 tn annually to USD 9.2 tn annually.

UAE universities are looking to dive deeper into green research: Sharjah Research Technology and Innovation Park (SRTIP) and John von Neumann University of Hungary (JvNU) to cooperate on scientific research, technology and culture, reports WAM. Both entities will collaborate with the American University of Sharjah (AUS) to promote green hydrogen, the green economy and green vehicles, including redeveloping JvNU’s Megalux solar car model — one of the university's most successful projects.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• The UAE will launch Independent Climate Change Accelerators (UICCA), a climate change think tank in the lead-up to COP28 in 2023, according to an announcement on Tuesday.
• The National Bank of Bahrain (NBB) Group has installed solar panels to power four of its banking facilities and financial malls in Bahrain, according to a statement posted on Tuesday.