Latest news with #MRV
Al Etihad
08-06-2025
- Business
- Al Etihad
UAE's new climate law sparks future-proof economic growth –experts
8 June 2025 23:58 MAYS IBRAHIM (ABU DHABI) Businesses across the UAE are adjusting to new sweeping climate compliance requirements under Federal Decree-Law No. (11) of 2024, now officially in effect. The law mandates all entities operating in the UAE, including those in free zones, to measure, track, and manage their greenhouse gas (GHG) emissions. A one-month grace period, ending on June 28, was granted for registration and initial compliance. Cabinet Resolution No. 67 of 2024 details the specific thresholds and implementation requirements under the law. It defines 'entities of huge carbon emissions' as those emitting an equivalent of at least 500,000 metric tonnes of carbon dioxide annually (Scope 1 and 2). These entities are required to register with the National Registry of Carbon Credit (NRCC) and implement full Monitoring, Reporting, and Verification protocols( MRV).Failure to comply with the UAE Climate Change Law may result in financial penalties of up to Dh1 million and temporary business suspension until all requirements are met. However, experts say businesses should look beyond penalties and recognise the legislation as a launchpad for innovation and future-proof growth. 'The law's comprehensive approach, combining regulation, market-based incentives, and innovation support, positions the UAE to lead the region in green economic transformation,' Amro Zakaria, Co-founder of Kyoto Network and CEO of Madarik Ventures, told Aletihad. 'It not only helps future-proof the economy against climate risks but also unlocks new opportunities for sustainable growth, investment, and job creation,' the global financial markets strategist added. Creating New Growth Vectors Nahla Nabil, an ESG and Sustainability Strategist, views this new law as an economic blueprint for diversification - one that creates new growth vectors while protecting existing ones.'What excites me most is that the law is sending strong signals to both sides of the market,' she told Aletihad. 'On the supply chain, it's driving innovation: carbon capture, clean tech, nature-based solutions. All of these are moving from nice-to-have to must-have. On the demand side, businesses now urgently need climate expertise, advisory services, and MRV systems and that's where I see an explosion in new jobs and opportunities,' Nabil said. She noted that UAE educational institutions are already developing programmes around climate risk and emissions management, laying the groundwork for a future-ready, knowledge-based economy.'The law also lays the foundation for a national carbon market. If done right, the UAE could lead the region in green finance not just meeting targets but setting the benchmark,' said Nabil. She also pointed out that as global regulations like the EU's Carbon Border Adjustment Mechanism (CBAM) come into effect, having verified emissions data becomes a matter of trade resilience, not just good governance. While some companies may limit themselves to basic compliance, Nabil argued that those that thrive will be the ones exploring how the law can create value and drive innovation.'The law gives us direction, from tracking emissions to exploring cleaner operations. But it's not just about rules. It's about clarity. When we know where we're heading, it's easier to make smart, future-focused decisions.' Expanding Impact According to Nabil, companies that are ready to move beyond compliance should focus on emissions hotspots to identify innovation potential, engage early in carbon credit systems, and support customers in reducing their emissions to expand the impact of their climate strategies. Zakaria pointed out that the law encourages research and development (R&D) and innovation, offering incentives for the private sector to develop climate solutions, such as clean energy, carbon capture, and alternatives to high-emission materials. Companies can also engage in carbon trading, turning emissions reductions into financial assets and new revenue streams, he added. 'Research has proven that companies that have an ESG strategy and an environmentally conscious mindset are generally more profitable. One reason for that is that the cost of capital (finance rates) is lower for projects with lower carbon intensity,' Zakaria said. Over time, he added, compliance with this law will help UAE firms reduce their carbon footprint, positioning them for better access to international markets that may soon be out of reach for high carbon foot print companies and high carbon intensity Beyond EmissionsAccording to Zakaria, the law introduces several market-based tools to support implementation, including Carbon Credit Market/ETS, Carbon Offsetting and Shadow Pricing, Technology Adoption Incentives, Green Tax Incentives, Sustainable Finance Frameworkm, and Performance pointed to the law's alignment with international climate frameworks, without losing sight of national priorities.'Post-COP28, it's clear the UAE isn't just pledging alignment with the Paris Agreement it's embedding it. The law reinforces our Nationally Determined Contributions and puts in place the systems to act on them,' she said. 'The National Carbon Credit Registry is also a forward-looking move, signalling readiness for Article 6 and future participation in global carbon markets not just keeping pace, but helping shape what's next.'From an ESG standpoint, Nabil said the law reflects global standards like TCFD (Task Force on Climate-related Financial Disclosures) and the GHG Protocol, offering a robust foundation for environmental reporting. While the current focus is on emissions, she expects broader governance and risk disclosures aligned with GRI and ISSB to follow.'That evolution feels natural, and the UAE's approach has been open and adaptive. The real progress will come with implementation and I'm optimistic we're heading toward even deeper global alignment.' Nabil views this law as a foundational step in a broader ESG (Environmental, Social, and Governance) shift.'At first glance, it may seem like the law is mostly focused on emissions and the environment - the 'E' in ESG. But when you read deeper, you realise it's more than that. This is a framework law,' she said. 'It's meant to be built on, with future ministerial resolutions, technical guidelines, and sector-specific policies that will gradually define the full ESG landscape.'Nabil points to Article 7 on climate adaptation, which moves beyond environmental metrics to address health systems, infrastructure resilience, early warning systems, and inter-agency coordination - elements that touch on both social and governance priorities. 'Even the definitions section makes it clear: climate impacts are not just about nature, they include effects on lives, health, economies, and culture,' she explained. 'The law sets the stage for ESG reporting that is people-centred, risk-aware, and impact-driven.'
Fashion Value Chain
02-06-2025
- Science
- Fashion Value Chain
MRV Celebrates Academic Excellence
At MET Rishikul Vidyalaya (MRV), Bandra, academic brilliance is a tradition nurtured through a global curriculum, innovative teaching, and a focus on holistic development. In the March 2025 Cambridge IGCSE and AS & A Level examinations, MRV students have once again made the school proud with their exceptional results. Mr. Pankaj Bhujbal, Hon. Trustee, MET with IGCSE 2024-25 batch & A Level 2023-25 batch students celebrating achievements of school and subject toppers The Cambridge IGCSE (Class 10) batch of 49 students achieved a 100% pass rate, with 87 A* and 82 A grades. Leading the cohort is Jash Nagrecha with an impressive 92.71%, followed by Anshul Khandeparkar with 92%, Pranav Hinduja with 91.28%, Avneesh Kane with 90% & Devansh Deshmukh with 89.42%. Vihaan Sinyal achieved a near-perfect 99% in Mathematics (without coursework), Jash also topped in Chemistry (98%), Biology (95%), Business Studies (93%), English (89%), and Literature (86%). Anshul stood out with 95% in Accounting and 94% each in ICT and Economics. Hitansh Shah excelled in Physics (95%), Avneeh Kane in French (95%), and Rajveer Shah in Hindi (91%). Pranav Hinduja led in Global Perspectives (90%), Devansh Deshmukh in Computer Science (93%), and Sharwill Nilakh in Art and Design (88%). In AS & A Levels, the 44 student batch secured 8 A* and 21 A grades. Jeena Tolani topped with 94%, followed by Aditya Chitre at 91% and Shruti D'Silva at 82.66%. Jeena also achieved 95% in Accounting, 94% in Mathematics, 93% in Business, and 90% in Economics. Hriday Shah scored 93% in Business, while Aditya earned 93% in Chemistry and 92% in Physics. Aaliya Panjwani topped Psychology with 91%, while Ishwari Arjunwadkar, Shruti D'Silva, and Muskaan Shah scored 80% in Biology. Ishwari also achieved 86% in the English General Paper, and Ethan Costa scored 80% in English Language. Reflecting on the results, Shri Pankaj Bhujbal, Hon. Trustee, MET, shared, 'These outstanding results reflect MRV's commitment to academic excellence and global readiness. Our students continue to make us proud with their discipline, curiosity, and dedication.' At MRV, academic achievement is one of the many ways students are prepared for success in a complex, ever-evolving world. With a focus on personalized learning, global exposure, and values-based education, MRV students are equipped not only to excel in examinations but also to lead with integrity, empathy, and purpose.
Business Wire
29-05-2025
- Business
- Business Wire
Northwind Midstream Partners Announces Permitting of Third AGI Injection Well, Final Approval of MRV Plan, and the Completion of New Compressor Station
HOUSTON--(BUSINESS WIRE)--Northwind Midstream Partners LLC ('Northwind' or the 'Company') today announced that it has received a final order from the New Mexico Oil Conservation Commission approving an additional acid gas injection ('AGI') and carbon sequestration well to be located at the Company's Titan Treating Complex in Lea County, New Mexico. New Devonian AGI Well This will be Northwind's third AGI well, increasing the Company's total permitted daily injection capacity to ~37 million standard cubic feet per day (MMSCFD) of total acid gas ('TAG') when completed in 2026. The injection zone of the new well will target the Devonian formation in the Northern Delaware Basin, and combined with Northwind's existing Devonian AGI well, it will give the Company a total of ~29 MMSCFD of permitted Devonian injection capacity. The new well also provides additional redundancy for Northwind's existing TAG disposal operations at the Titan Treating Complex and will underpin the Company's previously announced expansion of the Titan Complex. The Titan Complex currently operates 150 million cubic feet per day (MMcf/d) of high-circulation amine treating capacity and two AGI and carbon sequestration wells. As part of the buildout of the Titan Complex, Northwind expects to complete its Train #3 by mid-year 2025, which will increase total treating capacity to 200 MMcf/d. Additionally, Northwind has reached FID and customer support to further expand total treating capacity to 400 MMcf/d by 2026. EPA Approval of MRV Plan Northwind has also received a milestone approval from the U.S. Environmental Protection Agency ('EPA') for its monitoring, reporting and verification ('MRV') plan for the permanent sequestration of carbon dioxide ('CO 2 ') at the Titan Treating Complex. Northwind's MRV plan documents how the Company will ensure permanent sequestration of CO 2 in its AGI wells from natural gas treated at the Titan Complex. The MRV approval, in conjunction with meeting other statutory requirements, will allow Northwind to qualify for 45Q tax credits. Completion of Pelham Compressor Station In addition to building out the Titan Complex, Northwind has significantly expanded its natural gas gathering and compression network throughout Lea County. The Company recently placed into service its fifth NACE standard compressor station with initial capacity of 25 MMcf/d. This brings Northwind's total compression capacity to ~225 MMcf/d across its full system. Northwind's gathering and compression network, which is designed specifically to manage produced natural gas with high levels of hydrogen sulfide and carbon dioxide, includes over 200 miles of large-diameter steel pipelines and 47,250 horsepower of compression across five compressor stations. Five Point Perspective David Capobianco, CEO and Managing Partner of Five Point Infrastructure, said, 'Regulatory approval validates Northwind's platform as providing the essential infrastructure needed to expand safe and reliable capacity in Lea County, New Mexico, an increasingly important oil producing region.' Management Perspective 'With these approvals in hand, we look forward to advancing the build out of our Titan Treating Complex, providing our producer partners in Lea County with essential off-spec gas gathering, treating, and sequestration capacity,' said Northwind CEO Matt Spicer. 'The expansion of this facility, along with the addition of our new compressor station, will contribute to the continued growth of the oil and gas industry across the Northern Delaware Basin, while also helping producers manage emissions.' About Northwind Midstream Partners Established in 2022, Northwind's strategy is to develop, own and operate off-spec gas infrastructure in the Permian Basin. Northwind operates a highly efficient, environmentally focused and exceedingly reliable midstream system, which unlocks overall customer value while mitigating customer environmental concerns. Northwind's developed solution provides producers with (i) a superior economic alternative, (ii) significant operational enhancements, (iii) meaningful emissions reductions, and (iv) tangible ESG benefits. Learn more at About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit
Yahoo
29-05-2025
- Business
- Yahoo
Northwind Midstream Partners Announces Permitting of Third AGI Injection Well, Final Approval of MRV Plan, and the Completion of New Compressor Station
Northwind on track to increase total permitted daily injection capacity to ~37 million MMSCFD of TAG by 2026 MRV approval qualifies Northwind for 45Q tax credits Fifth NACE standard compressor station increases total compression capacity to ~225 MMcf/d HOUSTON, May 29, 2025--(BUSINESS WIRE)--Northwind Midstream Partners LLC ("Northwind" or the "Company") today announced that it has received a final order from the New Mexico Oil Conservation Commission approving an additional acid gas injection ("AGI") and carbon sequestration well to be located at the Company's Titan Treating Complex in Lea County, New Mexico. New Devonian AGI Well This will be Northwind's third AGI well, increasing the Company's total permitted daily injection capacity to ~37 million standard cubic feet per day (MMSCFD) of total acid gas ("TAG") when completed in 2026. The injection zone of the new well will target the Devonian formation in the Northern Delaware Basin, and combined with Northwind's existing Devonian AGI well, it will give the Company a total of ~29 MMSCFD of permitted Devonian injection capacity. The new well also provides additional redundancy for Northwind's existing TAG disposal operations at the Titan Treating Complex and will underpin the Company's previously announced expansion of the Titan Complex. The Titan Complex currently operates 150 million cubic feet per day (MMcf/d) of high-circulation amine treating capacity and two AGI and carbon sequestration wells. As part of the buildout of the Titan Complex, Northwind expects to complete its Train #3 by mid-year 2025, which will increase total treating capacity to 200 MMcf/d. Additionally, Northwind has reached FID and customer support to further expand total treating capacity to 400 MMcf/d by 2026. EPA Approval of MRV Plan Northwind has also received a milestone approval from the U.S. Environmental Protection Agency ("EPA") for its monitoring, reporting and verification ("MRV") plan for the permanent sequestration of carbon dioxide ("CO2") at the Titan Treating Complex. Northwind's MRV plan documents how the Company will ensure permanent sequestration of CO2 in its AGI wells from natural gas treated at the Titan Complex. The MRV approval, in conjunction with meeting other statutory requirements, will allow Northwind to qualify for 45Q tax credits. Completion of Pelham Compressor Station In addition to building out the Titan Complex, Northwind has significantly expanded its natural gas gathering and compression network throughout Lea County. The Company recently placed into service its fifth NACE standard compressor station with initial capacity of 25 MMcf/d. This brings Northwind's total compression capacity to ~225 MMcf/d across its full system. Northwind's gathering and compression network, which is designed specifically to manage produced natural gas with high levels of hydrogen sulfide and carbon dioxide, includes over 200 miles of large-diameter steel pipelines and 47,250 horsepower of compression across five compressor stations. Five Point Perspective David Capobianco, CEO and Managing Partner of Five Point Infrastructure, said, "Regulatory approval validates Northwind's platform as providing the essential infrastructure needed to expand safe and reliable capacity in Lea County, New Mexico, an increasingly important oil producing region." Management Perspective "With these approvals in hand, we look forward to advancing the build out of our Titan Treating Complex, providing our producer partners in Lea County with essential off-spec gas gathering, treating, and sequestration capacity," said Northwind CEO Matt Spicer. "The expansion of this facility, along with the addition of our new compressor station, will contribute to the continued growth of the oil and gas industry across the Northern Delaware Basin, while also helping producers manage emissions." About Northwind Midstream Partners Established in 2022, Northwind's strategy is to develop, own and operate off-spec gas infrastructure in the Permian Basin. Northwind operates a highly efficient, environmentally focused and exceedingly reliable midstream system, which unlocks overall customer value while mitigating customer environmental concerns. Northwind's developed solution provides producers with (i) a superior economic alternative, (ii) significant operational enhancements, (iii) meaningful emissions reductions, and (iv) tangible ESG benefits. Learn more at About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit View source version on Contacts Media:Daniel Yunger / Nathaniel ShahanKekst /
Euronews
28-05-2025
- Science
- Euronews
How shipping in the EU is driving the rapid loss of Arctic sea ice
Black carbon emissions from European shipping in the Arctic have been significantly underestimated, a new study suggests. Produced by the incomplete combustion of fuels in ship engines, black carbon is contributing to the rapid loss of Arctic sea ice. Previous reports have only focused on vessels flying EU flags, overlooking the impact of ships travelling to and from EU ports. 'Our findings show that ships connected to EU trade, regardless of their flag, are major drivers of black carbon pollution in the Arctic,' says Liudmila Osipova, senior researcher at the International Council on Clean Transportation (ICCT), and lead author of its new study. 'Recognising these emissions in future policies could help the EU better align its climate goals with its real footprint in the Arctic.' As Arctic shipping activity increases, so too are the associated black carbon (BC) emissions. Between 2015 and 2021, BC emissions in the International Maritime Organisation (IMO)'s definition of the Arctic nearly doubled, according to the study. In the more broadly defined Geographic Arctic, shipping emitted 1.5 kilotonnes (kt) of BC and 12 kt of CO₂ in 2021. About a quarter of these emissions occurred within the IMO definition of the Arctic, indicating a strong growth in BC emissions in the polar area, from 193 tonnes in 2015 to 413 tonnes six years later. This growth trend is concerning, since one tonne of black carbon has a global warming effect equivalent to 900 tonnes of CO₂, as it absorbs more heat in the atmosphere. BC's impact is particularly pronounced in the Arctic. When the sooty particles settle on snow or ice, they reduce the albedo of these surfaces, meaning they reflect less light and so melt faster. This compounds the climate challenges in a region which is already heating up three to four times faster than the global average. Despite its potent climate and health impacts - it is linked to lung cancer, respiratory illness, and cardiopulmonary disease - BC remains one of the most unregulated short-lived climate and air pollutants. Brussels typically only accounts for the emissions from its EU-flagged ships in the Arctic. To give a truer picture of the pollution over which the bloc has control, ICCT has also totted up BC and CO₂ from EU-regulated ships, which answer to the EU Monitoring, Reporting, and Verification (MRV) system as they voyage between EU ports. These vessels are the bigger polluters, it found. BC and CO₂ emissions from EU-regulated ships of at least 5,000 gross tonnage were nearly double those from EU-flagged ships in the IMO Arctic in 2021. That year, nearly three-quarters of the ships operating in the Geographic Arctic and half of those in the IMO Arctic were navigating to or from EU ports. To address a significant gap in its maritime regulation, the researchers say that EU policymakers could include BC among the pollutants measured and reported within the bloc's MRV system. Beyond improved emissions tracking, there are various ways to reduce BC emissions, such as incentivising ships to use distillate instead of residual fuel, and encouraging the installation of diesel particulate filters on board.
