/11^th December 2016, RENEWABLE MARKET WATCH^TM/, The MENA region is blessed with all the natural resources necessary for a vibrant renewable energy sector: Lots of sunshine, strong winds and, in a few places, powerful rivers. According to World Bank estimates, the region receives between 22 percent and 26 percent of all solar energy striking the earth. This translates to a potential for solar energy per square kilometre per year equivalent to the energy generated from 1 to 2 million barrels of oil. MENA’s solar potential is considered to be exponentially higher than that of all other renewable resources combined and is even thought to be enough to meet the current global demand for electricity.

/20^th September 2016, RENEWABLE MARKET WATCH^TM, IRENA, EY/, The renewable energy market in the MENA region is expanding rapidly, with many countries announcing projects and setting policies to promote renewable energy development and a number of initiatives undertaken to facilitate the deployment of renewable energy. According to the IFC, nearly $3 billion were invested in the Middle East and North Africa (MENA) region in 2012, 40 % higher than in 2011 and roughly twice the amount invested in 2010. Growing recognition of these benefits is evident in the increasing amount of investment in renewable energy. It was estimated 10 that investment needs in the Mediterranean partner countries (MPC) would reach between EUR 7 and 21 billion 18 by 2020.

/SHARM EL-SHEIKH, November 7, 2022, 9:00 GMT, RENEWABLE MARKET WATCH^TM/ Renewable Market Watch™ Participates in COP27 Conference in Sharm El Sheikh, Egypt. The 2022 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly referred to as COP27, is the 27th United Nations Climate Change Conference and is being held from 6 November until 18 November 2022 in Sharm El Sheikh, Egypt. It is taking place under the presidency of Egyptian Minister of Foreign Affairs Sameh Shoukry, with more than 90 heads of state and an estimated 35,000 representatives, or delegates, of 190 countries expected to attend. It is the first climate summit held in Africa since 2016. The conference has been held annually since the first UN climate agreement in 1992. It is used by governments to agree on policies to limit global temperature rises and adapt to impacts associated with climate change.

/DUBAI, the United Arab Emirates (UAE), December 12, 2023, 9:00 GMT, RENEWABLE MARKET WATCH^TM/ Renewable Market Watch™ participates in the COP28 Conference in Dubai, UAE. COP28 closed today with an agreement that signals the “beginning of the end” of the fossil fuel era by laying the ground for a swift, just and equitable transition underpinned by deep emissions cuts and scaled-up finance. In a demonstration of global solidarity, negotiators from nearly 200 Parties came together in Dubai with a decision (the UEA Consensus) on the world’s first ‘global stocktake’ to ratchet up climate action before the end of the decade – with the overarching aim to keep the global temperature limit of 1.5°C within reach. The UAE Consensus calls on Parties to transition away from fossil fuels to reach net zero, encourages them to submit economy-wide Nationally Determined Contributions (NDCs), includes a new specific target to triple renewables and double energy efficiency by 2030, and builds momentum towards a new architecture for climate finance.