South Korea is building a $10 billion agriculture city in Egypt

August 18, 2017 by  
Filed under Eco, Green

Within six months, 311,400 acres of land in Egypt will be transformed into an agriculture city. The $10 billion deal was signed on Tuesday by Egypt and the Korea-Arab Society (KAS). The project will feature 50,000 smart greenhouses in addition to a number of seawater desalination and solar power plants. Arab Finance reports that the protocol was signed by the General Authority for Reconstruction Projects and Agricultural Development, an affiliate to the Egyptian Agriculture Ministry, and the Korea-Arab Society, which is represented by the Korean Arab Company for Economic and Cultural Consultancy. At a press conference, Prime Minister Sherif Ismail said that the city will be located in the southeast part of the Qattara Depression, which is northwest of Egypt . The entire project will be overseen by Korean experts and it will be built within six months, Ismail added. The latest technologies will be incorporated to ensure that the development is as eco-friendly and efficient as possible. Related: South Korea’s President adopts rescue puppy, saving it from the dog meat trade In addition to constructing smart greenhouses, seawater desalination plants, and solar power plants, the city will grow food and cultivate stevia — a plant which serves as a healthy alternative sweetener. Though little else is presently known about the integrated agriculture city, the project signifies the growing relationship between Egypt and South Korea. Via Arab Finance Images via Pixabay

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South Korea is building a $10 billion agriculture city in Egypt

Feeling the pulse of the renewables transition

August 14, 2017 by  
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An interview with Ethan Zindler, head of Americas at Bloomberg New Energy Finance.

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Feeling the pulse of the renewables transition

Why JPMorgan Chase committed $200 billion to ‘clean’ financing

August 2, 2017 by  
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The biggest U.S. bank is embracing renewable energy and green infrastructure projects in a big way.

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Why JPMorgan Chase committed $200 billion to ‘clean’ financing

Insuring nature, ensuring resilience

August 1, 2017 by  
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Market-based strategies only go so far. These new types of products can protect and restore ecosystems in peril.

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Insuring nature, ensuring resilience

Goldman Sachs, Calvert bet on next big thing for green investments

August 1, 2017 by  
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Impact investing is set for staggering growth. Here’s a closer look at the role of environmental impact bonds.

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Goldman Sachs, Calvert bet on next big thing for green investments

This investor dashboard visualizes progress (or lack thereof) on climate risks

July 20, 2017 by  
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U.K. investment giant Schroders warns planet is on track for more than 4 degrees Celsius of warming.

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This investor dashboard visualizes progress (or lack thereof) on climate risks

The sustainable superpower? 5 reasons for China’s clean tech boom

July 18, 2017 by  
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The Asian nation’s ascent coincides with a seismic shift in global climate policy.

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The sustainable superpower? 5 reasons for China’s clean tech boom

Energy efficiency is a ‘win-win’ for investors

July 11, 2017 by  
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Access to better data and sharper analysis should help unlock the huge returns on offer from energy efficiency investments. So why is progress so slow?

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Energy efficiency is a ‘win-win’ for investors

Climate and cash: A G20-approved guide to disclosure

July 10, 2017 by  
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How should companies brace their portfolios for a more volatile climate? A new report offers advice.

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Climate and cash: A G20-approved guide to disclosure

Will giant batteries lead to giant emissions cuts?

July 10, 2017 by  
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States are betting on battery storage facilities, such as Tesla and PGE, to even the flow of renewable power and replace the fossil fuel-based grid.

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Will giant batteries lead to giant emissions cuts?

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