Skip to content Skip to Search
Skip navigation

Tadweer unveils plan to decarbonise waste industry

Tadweer employees at work. The company will report on the waste management sector's emissions at next year's Cop meeting Wam
Tadweer employees at work. The company will report on the waste management sector's emissions at next year's Cop summit
  • Waste to Zero strategy
  • Sector has been ‘overlooked’
  • $5.9bn spent on Mena projects

Abu Dhabi Waste Management Company (Tadweer) is spearheading an initiative to address rising emissions in its industry.

The company launched its global Waste to Zero programme at the Cop28 climate conference in Dubai on Wednesday.

“The initiative invites governments, private players, technologies, education institutions and the public to join hands, start looking at the challenge and provide a pathway to decarbonising the waste management sector globally,” Tadweer CEO Ali Al Dhaheri told AGBI.

Logo, Text

Waste to Zero, which will be structured as a non-government organisation (NGO) with a chairperson and board of trustees, has been endorsed by the UAE Ministry of Climate Change and Environment.

Ahead of the launch, Al Dhaheri revealed that Tadweer – which joined the energy and utilities portfolio of sovereign wealth fund ADQ in December last year – had received over 100 declarations of interest in the initiative.

Costs will be covered through subscriptions to the NGO.

The initiative will examine how much the industry contributes towards the climate crisis on a global level, with plans to reveal the findings at Cop29.

It is estimated that the waste management sector is responsible for 5 to 10 percent of greenhouse gas emissions.

By Cop30, the group will produce a list of up to 50 bankable, prioritised projects across the globe.

“We will say, based on our review, based on our assessment, these are the most critical waste-related projects that require action immediately,” Al Dhaheri said.

It is the first time the waste management industry has been given a platform at the Cop summit.

“We believe that the sector has so far been overlooked or under-addressed in previous groups, so we’re happy to be the lead,” Al Dhaheri added.

Ten waste-to-energy projects with an aggregate budget of $5.9 billion are being planned across the Middle East and North Africa, according to regional tracker Meed Projects.

Urban waste generation in Middle East countries is estimated at more than 150 million tonnes a year.

Bahrain, Saudi Arabia, the UAE, Qatar and Kuwait all rank in the top 10 of solid waste generation per capita, according to BioEnergy Council.

Latest articles

A Spinneys supermarket. The total size of the IPO remains unchanged at 900 million shares, representing 25 percent of the company’s issued share capital

Spinneys increases UAE retail offering after high demand

Supermarket operator Spinneys has increased the size of its UAE retail offering by 40 percent on the Dubai Financial Market following high investor demand. The retail allocation has been increased from 45 million to 63 million shares, now comprising seven percent of the total shares offered, compared to five percent earlier. However, the total size […]

A boy shares a hot spring with cows in Guroymak, Bitlis, Turkey. The World Bank has recognised Turkey’s geothermal potential with $600m of grants and loans

Investors warm to Turkey’s geothermal sector

Turkey is planning to offset its hydrocarbons deficit by broadening its renewable energy base, with the country’s geothermal sector being targeted by investors as a strong growth market. Turkey’s current installed capacity of 1700 megawatts (MW) – much of which is being used in agriculture to heat greenhouses – ranks it among the leaders in […]

The National Stock Exchange in Mumbai, India. Bahrain's Investcorp is investing in technology and IT services companies worldwide

Investcorp buys Indian tech company for $120m  

Bahrain’s alternative asset manager, Investcorp, is to acquire the digital technology business of India’s National Stock Exchange (NSE) for $120 million. NSEIT provides advanced digital transformation and cybersecurity services to global customers in capital markets, insurance and banking in India, North America and the Middle East. The services include digital engineering, data and analytics, artificial intelligence, cloud services […]

Person, Adult, Female

DFM operator’s profit rises 150% as revenues surge

Dubai Financial Market Company, the operator of the Dubai stock exchange, has reported a jump in net profit of more than 150 percent, thanks to a revenue surge in the first quarter of 2024. Net profit for the three-month period rose to AED89.6 million ($24.4 million), against AED35.3 million a year ago. Total consolidated revenue increased […]