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ITA partners with UAE and Bahrain to boost MENA industrial decarbonization: The Industrial Transition Accelerator (ITA) launched partnerships with the UAE and Bahrain to accelerate industrial decarbonization across the MENA region, Bahrain News Agency reports. The UAE’s Industry and Advanced Technology Ministry and Bahrain’s Industry and Commerce Ministry are the ITA’s inaugural partners in the region.
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Who’s involved? UAE-based companies EMSteel, Emirates Global Aluminium, and Arabian Gulf Steel Industries (AGSI) signed on as formal partners. EMSteel is piloting green hydrogen to produce low-carbon steel with Masdar, while Emirates Global Aluminium and AGSI emphasize collaboration to address shared decarbonization challenges and improve policy frameworks for sustainable solutions.
REFRESHER- The ITA was launched in December 2023 at the World Climate Action Summit and aims to gather investment to bolster decarbonization efforts in heavy-emitting industries — aluminum, cement, chemicals, steel, shipping, and aviation. The accelerator also supports scaling clean industrial projects to help them reach final investment decisions.
What will it do? The ITA aims to support large-scale industrial projects to reach Final Investment Decisions (FID) by 2026 and become operational by 2030, a critical timeline to meet Paris Agreement goals, BNA reports. Through its Mission Possible Partnership (MPP) Global Project Tracker, ITA has identified key net-zero aligned projects in the UAE, which, if realized, could meet 30% of the UAE’s 2030 climate target. ITA provides tailored support, helping address policy needs, stimulate demand for green goods, and build low-emissions value chains to de-risk investments.
