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First Abu Dhabi Bank Signs Agreement With French Energy Firm

The signing of the MoU took place at the ongoing COP28 summit in Dubai. As per the agreement, FAB and ENGIE will work on derivatives or financing solutions related to energy, carbon, renewables, battery energy storage systems and green products and credit risk management.
The ADNOC carbon capture facility in Fujairah in the UAE

UAE To Pump CO2 Into Rock As Carbon Capture Debate Rages

High in remote mountains in the oil-rich United Arab Emirates, a new plant will soon take atmospheric CO2 and pump it into rock -- part of controversial attempts to target planet-heating emissions without abandoning fossil fuels.
The UAE's summer temperatures sometimes exceed 50 degrees Celsius (122 degrees Fahrenheit)

COP28 Host UAE Ready For Rising Heat Risk, Says Minister

The United Arab Emirates is ready for soaring temperatures that are feared to make parts of the Gulf uninhabitable by the end of the century, the oil power's climate change minister told AFP. Long experience of the harsh desert summers has taught the country to live with temperatures that regularly flirt with 50 degrees Celsius (122 degrees Fahrenheit), she said.

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