Aramco and Arthur D. Little Release Insights on Leveraging AI for Carbon Market Integrity in FII Institute's White Paper
Addressing evolving challenges in the carbon market, such as project identification, cost overruns, and regulatory as well as market complexities, the white paper emphasizes AI as a tool for overcoming issues like pricing transparency and the risk of greenwashing. It highlights AI's potential to contribute to enhancing the breadth, consistency, and integrity of carbon credits, with the aim of providing companies with greater confidence and precision in pursuing carbon emissions reduction.
Key Insights from the White Paper
The publication identifies four primary ways AI could help advance the voluntary carbon market: Carbon quantification: AI technology could have the potential to enhance the precision of carbon sequestration measurements, allowing for more accurate assessments of project impacts and better prioritization. Transparency: AI is expected to enable real-time monitoring of carbon offset projects, providing verified emissions data that could contribute to building stakeholder trust. Integrity: The use of AI may mitigate the risk of greenwashing by identifying discrepancies between reported and actual carbon reductions, which could help bolster the credibility of carbon credits. Pricing forecasting: AI-driven models could offer dynamic, data-based valuations for carbon credits, with the aim to support market participants in making well-informed decisions.
Musaab M. Al Mulla, Aramco Vice President of Market Analysis and Sustainability, said: 'We see the voluntary carbon markets as a unique and important lever in supporting a practical and orderly energy transition. However, for the market to reach its considerable potential to mitigate carbon emissions at scale, a number of key challenges will need to be addressed. This white paper showcases AI's potential role in helping to make carbon markets more transparent and efficient. Integrating AI could support organizations in enhancing the reliability and accountability of their carbon emissions reduction efforts.'
Carlo Stella, Managing Partner and Global Practice Leader for the Sustainability Practice at Arthur D. Little, said: 'AI's role in carbon markets is essential for organizations aiming to achieve meaningful and measurable progress. This white paper highlights AI's potential to improve accuracy in carbon reduction measures, a critical factor to improve confidence among adopters.'
Richard Attias, CEO of FII Institute, said: 'Our collaboration with Aramco and Arthur D. Little reflects a shared goal of leveraging technology to enhance efficiency. This publication is a vital resource for any organization focused on making credible, impactful advances in carbon emissions reduction through AI-driven carbon markets.'
Opportunities and Challenges in Carbon Markets
With AI solutions in place, organizations could address market challenges such as inconsistent policies, budget overruns, and lack of pricing transparency. The insights offered here are expected to provide a strategic guide for entities participating in voluntary carbon markets, with the aim of enhancing their ability to meet sustainability goals within an evolving regulatory landscape.
For more detailed insights, the full white paper ('AI-Enabled Carbon Markets: Identifying AI Solutions for the Voluntary Carbon Industry') is available for download here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
3 days ago
- Mid East Info
Sandisk Showcases UltraQLCTM Technology Platform with Milestone Enterprise SSD Capacity at FMS 2025 - Middle East Business News and Information
Sandisk's new flagship client SSD is an industry-leader in performance and power efficiency for high-performance users Santa Clara, California – August, 2025: Sandisk today demonstrated a high-capacity 256TB1 NVMeTM enterprise SSD, a breakthrough in storage capacity, performance and power efficiency, made possible by Sandisk's new enterprise-grade UltraQLCTM platform. Offering extraordinary capacity, the UltraQLCTM platform marks a significant achievement in NAND architecture, built with a combination of BiCS8 QLC CBA NAND, custom controllers and advanced system optimizations. As workloads and business requirements evolve in the AI era, flash storage must become more customizable to match complex workloads. The new SANDISK® 256TB1 NVMeTM SSD, built on the UltraQLCTM platform, is designed for AI-driven, data-intensive workloads like data ingest, preparation, and fast AI data lakes with high-performance speeds and power efficiency, while improving TCO for high-capacity applications in hyperscale cloud. 'As we move into the next phase of the AI era, flash storage is becoming a critical enabler of intelligent, high-performance workloads,' said Khurram Ismail, Chief Product Officer at Sandisk. 'Our UltraQLCTM platform is the culmination of years of work and learnings to build a flexible and robust architecture that achieves extraordinary capacities and maximum performance while maintaining efficiency. This enables us to further expand our portfolio to meet AI demands at scale and helps our customers move faster, process more and turn data into real innovation.' The SANDISK® UltraQLCTM 256TB1 NVMeTM SSD sets a new benchmark for hyperscale flash storage, purpose-built for the fast, intelligent data lakes powering AI at scale. With lower latency, higher bandwidth, and greater reliability, it delivers the performance needed for today's most demanding AI workloads. Key innovations include: Direct Write QLC, which eliminates SLC buffering by enabling power-loss safe writes on the first pass BiCS8 2Tb QLC die that doubles storage density while maintaining compact die sizes UltraQLC TM power optimization, which uses Dynamic Frequency Scaling for up to 10% higher performance for a given power level 2 (projected) power optimization, which uses Dynamic Frequency Scaling for up to 10% higher performance for a given power level (projected) Scalable multi-core controller that helps ensure high throughput and endurance at extreme capacities Data Retention (DR) profile that reduces DR recycles by up to 33 percent3 (projected), improving drive reliability, resilience and continuous access to data while decreasing power consumption The SANDISK® SN670 128TB1 NVMeTM SSD and SANDISK® UltraQLCTM 256TB1 NVMeTM SSD will be available in U.2 form factor in the first half of 2026, with additional form factors available later in the year. Sandisk will host a keynote at FMS 2025 on Wednesday, August 6, at 11:40 AM, to highlight its UltraQLCTM platform and will demo its milestone 256TB1 NVMeTM SSD, alongside additional innovative storage solutions, at FMS Booth #607.
Mid East Info
3 days ago
- Mid East Info
Fertiglobe Reports Resilient Q2 2025 Results, Reinforces Shareholder Commitment with At Least $131 million in Cash Returns for H1 2025
Fertiglobe reported Q2 revenues of $566 million (+14%, Y-o-Y), adjusted EBITDA of $176 million (+26%, Y-o-Y) and adjusted net profit attributable to shareholders of $12 million (+68% Y-o-Y). Fertiglobe demonstrated resilience in Q2 2025 despite external factors in Egypt. Fertiglobe's Q2 2025 own-produced sales volumes were 10% lower compared to the same period last year, while H1 2025 own-produced sales volumes were only 1% lower compared to last year. Excluding external factors and turnarounds, Q2 2025 own-produced sales volumes would have been up 4% Y-o-Y, while H1 2025 own-produced sales volumes would have increased 7% Y-o-Y. 2025 maintenance capex expected towards lower end of previous guidance ($145–170 million), reflecting the deferral of turnarounds following the completion of critical maintenance works during the downtime in Egypt. H1 2025 revenues were $1.26 billion (+20% Y-o-Y), adjusted EBITDA was $437 million (+36%, Y-o-Y) and adjusted profits attributable to shareholders were $85 million (-18% Y-o-Y or +3.5x Y-o-Y excl. one-off FX gains in H1 2024). In line with Fertiglobe's commitment to creating shareholder value, management proposes H1 2025 dividends of at least $100 million (4.4 fils per share), subject to Board approval in September and payment in October. Including $31 million in share buybacks in Q2 2025, total H1 2025 shareholder returns would amount to at least $131 million. Fertiglobe is set to realize $10 million annual run rate interest savings (6% EPS accretion), following the recent repricing of the $1.1 billion term loan in June 2025, reducing its interest margin to 90bps, the refinancing of its $300 million loan and credit rating upgrades. On track to deliver $15-21 million of cost savings by year-end, supported by ADNOC's commitment to optimize Fertiglobe's costs, showing early progress on the Grow 2030 Strategy. As part of its digital transformation, Fertiglobe deployed MEERAi, ADNOC's AI-powered board advisory tool, at its most recent Board meeting to support faster, data-driven decision-making through real-time insights. Market outlook: Urea prices are up 20% versus the Q2 2025 average to $488/t, supported by tight industry supply and emerging demand from key buying regions. Longer term, limited supply additions and growing demand across agricultural, industrial and emerging segments are expected to support prices. Fertiglobe is poised to capitalize on the recent recovery in urea prices, supported by a strong order book. Abu Dhabi, UAE – August, 2025: Fertiglobe (the 'Company') (ADX: FERTIGLB), the world's largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa region and ADNOC's low carbon ammonia platform, today announced its financial results for the three-month and six-month periods ended 30 June 2025 ('Q2 2025' and 'H1 2025', respectively). In the second quarter of 2025, Fertiglobe reported revenue of $566 million, reflecting a 14% year-on-year increase, while adjusted EBITDA grew 26% to $176 million, with adjusted net profit attributable to shareholders stood at $12 million, representing a 68% increase compared to Q2 2024. In the first half of 2025, Fertiglobe reported revenue of $1.26 billion, reflecting a 20% increase year-on-year increase. Adjusted EBITDA for the period stood at $437 million, up 36% year-on-year, while adjusted net profit attributable to shareholders stood at $85 million, representing an 18% decline compared to the prior year, driven by a one-off FX gain in H1 2024. Ahmed El-Hoshy, CEO of Fertiglobe, commented: 'This quarter demonstrated Fertiglobe's growing operational resilience, with an adjusted EBITDA increase of 26% Y-o-Y. Fertiglobe remains strategically placed to deliver robust performance and maintain operational continuity amid challenging conditions and I am proud of how our team continued to execute with agility, discipline, while maintaining an unwavering focus on safety and long-term value creation. We capitalized on the downtime in Egypt to perform critical maintenance activities, successfully extending the turnaround cycle, with maintenance capex expected towards the lower end of our previous guidance at $145 million. Notably, excluding external factors and turnarounds, our own-produced sales volumes for the second quarter of 2025 would have been up 4% Y-o-Y, while H1 2025 own-produced sales volumes would have increased 7% Y-o-Y. Building on our strengthened platform and robust commercial capabilities, Fertiglobe is poised to capitalize on the recent recovery in urea prices, which are approximately 20% above Q2 2025 levels0F[1]. This pricing rebound is supported by robust import demand from key markets such as India and Ethiopia. In line with our commitment to deliver value to our shareholders, we propose H1 2025 dividends of at least $100 million (4.4 fils per share), subject to Board approval in September 2025 with payment in October 2025. Including the $31 million worth of shares bought back in Q2 2025, Fertiglobe provides one of the highest total return metrics in the industry at the combined $131 million cash returns to shareholders for H1 2025. With the continued support of ADNOC, we remain confident in our strategic path to become a globally integrated nitrogen champion and creating long-term value for shareholders, while continuing to innovate and differentiate our solutions that support global food security and enable the energy transition. We remain committed to our recently announced Grow 2030 Strategy to become a $1bn+ EBITDA global nitrogen champion by 2030. This strategy is anchored on four key pillars: operational excellence, customer proximity, nitrogen production expansion, and disciplined low-carbon growth. This includes Project Harvest – a 1 mtpa lower carbon ammonia facility currently under construction – which remains a core part of our decarbonization roadmap. In parallel, we continue to evaluate the development of Project Baytown in collaboration with ADNOC and ExxonMobil, as part of our broader efforts to advance low-carbon ammonia solutions globally. While Fertiglobe remains dedicated to advancing its low-carbon project portfolio, the Company recognizes that the global low-carbon ammonia market remains in the early stages of development, with regulatory frameworks and demand signals continuing to evolve. As such, and in line with Fertiglobe's disciplined approach to capital deployment across its low-carbon ammonia project pipeline, Fertiglobe has taken the decision to rephase Project Rabdan1F[2], a 1 mtpa low-carbon ammonia project and associated auto-thermal reformer. This decision reflects the Company's prudent investment strategy and commitment to timing capital allocation effectively and is consistent with the broader objectives of the Grow 2030 Strategy, particularly its focus on disciplined low-carbon growth. In addition, Fertiglobe expects its recently announced proposed acquisition of the distribution assets of Wengfu Australia to play a key role in strengthening its downstream presence in high-netback markets, in line with its strategic focus on customer proximity. Wengfu Australia's distribution assets are also projected to enhance supply chain resilience and unlock long-term distribution synergies. The transaction is subject to regulatory approvals and is anticipated to close in H2 2025.' Dividends and capital structure: In line with Fertiglobe's commitment to creating and returning shareholder value, Fertiglobe's management proposes H1 2025 dividends of at least $100 million, subject to Board approval in September 2025 with payment in October 2025. Additionally, Fertiglobe continues to execute on its announced 2.5% Share Buyback Program, aimed at opportunistically capitalizing on the stock's attractive valuation. As of 1 August 2025, Fertiglobe repurchased 55 million shares, representing 0.66% of total outstanding shares. As of 30 June 2025, Fertiglobe reported a net debt position of $909 million, implying a consolidated net debt to LTM adjusted EBITDA ratio of 1.0x. This strong financial position enables the Company to effectively balance growth investments and shareholder distributions, supported by robust free cash flow generation and a solid balance sheet. Fertiglobe is also set to realize $10 million of annual run rate interest savings in 2025, following credit rating upgrades by S&P, Fitch, and Moody's and driven by ADNOC's acquisition of a majority stake in Fertiglobe. These savings are further underpinned by the refinancing of our $300 million loan through the internal ADNOC bank and the recent repricing of a $1.1 billion term loan, supporting lower financing costs and contributing to earnings accretion in the quarter. Investor and Analyst Conference Call On 4 August 2025 at 3:00 PM UAE (12:00 PM London, 7:00 AM New York), Fertiglobe will host a conference call for investors and analysts. To access the call please dial Investors can access the call and ask live questions by dialing one of the following numbers using the code: 464259 International: +44 808 189 0158 UAE: +971 800 03570 4553 UK: +44 808 189 0158 / +44 808 189 0158 (toll-free) United States: +1 646 233 4753 / +1 855 979 6654 (toll-free) Participants may also join via the webcast. Please pre-register and join here. About Fertiglobe: Fertiglobe is the world's largest seaborne exporter of urea and ammonia combined, and an early mover in sustainable ammonia. Fertiglobe's production capacity comprises of 6.6 million tons of urea and merchant ammonia, produced at four subsidiaries in the UAE, Egypt and Algeria, making it the largest producer of nitrogen fertilizers in the Middle East and North Africa (MENA), and benefits from direct access to six key ports and distribution hubs on the Mediterranean Sea, Red Sea, and the Arab Gulf. Headquartered in Abu Dhabi and incorporated in Abu Dhabi Global Market (ADGM), Fertiglobe employs more than 2,700 employees. Fertiglobe is listed on the Abu Dhabi Securities Exchange ('ADX') under the symbol 'FERTIGLB' and ISIN 'AEF000901015.
Mid East Info
01-08-2025
- Mid East Info
UAE, Malaysia, Rwanda seek to boost AI adoption in Global South - Middle East Business News and Information
Agreement to expand the scope of C4IR AI Fellowship Program to help bridge the gap between AI leaders around the world Dubai,July 2025: The UAE, Malaysia, and Rwanda signed a strategic partnership to strengthen coordination to help boost AI adoption in the Global South. Within the framework of the Centre for the Fourth Industrial Revolution (C4IR) global network, the countries will work together to promote ethics and governance in AI to help societies and economies in the Global South harness its potential. Through a signing a Memorandum of Understanding (MoU), the countries agreed to expand the scope of the C4IR AI Fellowship Program, which was initially signed by the UAE and Rwanda at the 2024 World Economic Forum (WEF) Annual Meeting in Davos. The knowledge exchange platform was created to connect leaders, innovators, and experts in the AI space. Now, with the addition of Malaysia, the expanded partnership will promote further international cooperation to support sustainable development through AI. The initiative will enable talent exchange, joint initiatives, and coordinated development of responsible AI governance frameworks led by Global South nations. The new agreement was witnessed by His Excellency Omar Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications and His Excellency Gobind Singh Deo, Minister of Digital in Malaysia. His Excellency Gobind Singh Deo, Minister of Digital in Malaysia, said: 'Malaysia is proud to join forces with the UAE and Rwanda in this visionary initiative to bridge global AI expertise and accelerate digital transformation for a more inclusive and sustainable future. This partnership involving Malaysia Centre4IR, C4IR UAE, and C4IR Rwanda reflects our collective goal for a future that is driven by responsible AI innovation.' Singh Deo, added: 'We hope that the C4IR Network AI Fellowship Program, resulting from this collaboration, will serve as a vital bridge, connecting AI leaders and experts across continents. By sharing knowledge, exchanging talent, and co-creating solutions, we aim to address the critical challenges and harness the immense potential of AI for the benefit of not only our nations, but the wider global community.' Khalfan Belhoul, CEO of DFF, said: 'This expanded partnership will help the Global South to unlock greater value from AI and Fourth Industrial Revolution applications. Guided by our leadership, the UAE is committed to building and strengthening global collaboration to achieve inclusive, sustainable development through technology and knowledge sharing.' Aytug Goksu, Head of Network and Government Affairs at C4IR Network and Partner Engagement at World Economic Forum said: 'The signing of this MoU marks a significant milestone in our shared journey to harness the transformative power of AI. By bringing together the shared expertise and vision of the Centres for the Fourth Industrial Revolution in the UAE, Rwanda, and Malaysia, we are connecting a global community of AI practitioners committed to advancing inclusive and sustainable progress.' Crystal Rugege, Managing Director of the Rwanda Centre for the 4th Industrial Revolution, said: 'We are delighted to deepen our engagement within the global C4IR network through the expansion of the AI Fellowship Program. This strategic partnership complements our flagship initiatives, including the AI Innovation Lab and the Global AI Summit on Africa, enhancing our collective ability to foster cutting-edge research, knowledge transfer, and capacity building. By strengthening responsible AI governance and accelerating practical AI adoption, we are committed to empowering Rwanda, our partner countries, and the global AI ecosystem to fully leverage AI for sustainable and inclusive development.' The UAE Centre for the Fourth Industrial Revolution (UAE C4IR), overseen by DFF and launched in April 2019 in a partnership between the UAE Government and WEF, plays a key role in facilitating collaboration and exchange. Over the past six years, the centre has forged several impactful partnerships and initiatives. The Global Centre for the Fourth Industrial Revolution Network is a platform for multistakeholder collaboration, bringing together public and private sectors to maximize technological benefits to society while minimizing the risks. It explores exponential technologies and drives their responsible adoption and application, leveraging a global network of independent national and thematic centres.
