Sector Foreword

Welcome to this
month’s Law Update

As we close out 2024, we are excited to present this edition of Law Update, focusing on the vital sectors of Climate, Energy & Utilities. This issue touches on key legal developments affecting these industries, and our insights for professionals and stakeholders navigating this evolving landscape.

We begin with an overview of Federal Law No. 11 of 2024, marking a new era of climate responsibility in the UAE. This pivotal legislation sets the stage for enhanced accountability and sustainability efforts. We also examine the future of net-zero disputes, discussing the challenges and legal ramifications as businesses work to meet climate goals.

This edition also explores AFRICARBONEX, Egypt’s trading market for voluntary carbon emissions reduction certificates, and the significance of carbon capture technology for Saudi Arabia's industrial future. We discuss how the ‘E’ in ESG can drive stylish and sustainable solutions in luxury property construction, alongside insights into the legal framework for the UAE's upstream oil sector and the growing opportunities in solar projects and green hydrogen financing.

Finally, we address the challenges and opportunities for hydrogen in Saudi Arabia, emphasizing the importance of clear regulations as the nation moves toward a more sustainable energy paradigm.

We trust that you will find this edition of Law Update and its articles both informative and engaging as we continue to analyze the dynamic legal landscape of these vital sectors to our region.

We appreciate your continued support and look forward to sharing more insights in our future publications.