logo
The Power Of Possibilities: Rosatom's Role In The Global Clean Energy Shift - Sponsored

The Power Of Possibilities: Rosatom's Role In The Global Clean Energy Shift - Sponsored

Al-Ahram Weekly24-04-2025

The race toward net-zero greenhouse gas emissions by 2050 is no longer an option—it is an imperative for our shared global future.
With nearly 90 countries pledging to meet this goal under the Paris Agreement, the world is witnessing an unprecedented shift toward clean energy solutions. In 2023 alone, global investment in energy reached a remarkable USD 2.8 trillion, with more than USD 1.7 trillion directed toward clean energy sources—including renewables and nuclear. For the first time, investment in clean energy outpaced that in fossil fuels.
Yet, despite these efforts, the challenge remains steep. Fossil fuels still dominate the global energy mix, accounting for over 80% of energy consumption—a figure that has stubbornly resisted change over the past decade. Even as clean energy capacity grows, the world's rapidly rising energy demand—up 15% since 2013—continues to strain progress. Only 40% of this growth has been met by clean energy sources.
Against this backdrop, nuclear energy stands out not just as an option, but as a necessity—recognized officially at COP28, where global leaders committed to tripling nuclear capacity by 2050 as part of the journey toward net-zero.
Any conversation about the revival of nuclear energy would be incomplete without highlighting the leadership of Rosatom, the Russian State Atomic Energy Corporation. But to describe Rosatom solely as a nuclear energy provider is to tell only part of the story. Today, Rosatom is not only at the forefront of the nuclear power industry across the full cycle—from uranium mining, NPP design and construction, to nuclear waste fuel management and NPP decommissioning—it is also a key player in fields that are shaping the technologies of tomorrow: nuclear medicine, additive manufacturing, composite materials, wind energy, and clean water solutions, just to name a few.
Rosatom's contribution to modern nuclear energy is both deep and broad. It develops Generation III+ reactors, such as the VVER-1200, known for their enhanced passive safety systems that can operate without human intervention or external power. Also, the BN-800 is one of the few commercial-scale fast neutron reactors in the world and is the first to operate using MOX fuel (mixed oxide fuel) on an industrial scale, which marks a crucial advancement toward establishing a closed nuclear fuel cycle, a strategic objective for the nuclear industry. This approach not only reduces the volume and hazard of high-level radioactive waste but also maximizes the energy extracted from natural uranium resources.
In Russia alone, Rosatom generates around 20% of the country's electricity, making it the nation's largest producer of low-carbon energy. Its commitment to environmental responsibility is embedded across the entire nuclear lifecycle—from design and construction to safe operation, spent fuel management, and eventual decommissioning.
Today, Rosatom is actively helping numerous countries build their own nuclear capabilities, providing not only technology but also the transfer of knowledge and operational expertise. With 39 power units — including six small modular reactors — at different stages of implementation across 10 countries, its portfolio features several flagship projects, including:
Akkuyu NPP in Turkey: The country's first nuclear power plant, designed to supply 10% of Turkey's electricity, showcasing long-term operational sustainability.
Belarus NPP: Successfully operating since 2021, this two-unit VVER-1200 plant provides around 40% of Belarus's electricity, supporting its low-carbon transition.
El Dabaa NPP in Egypt: Featuring four VVER-1200 reactors, El Dabaa will supply 4.8 GW of clean power—meeting about 10% of Egypt's electricity demand while supporting local capacity-building through robust technology transfer and training programs for Egyptian professionals.
The world stands at a critical crossroads between ambition and action. While global clean energy investments are breaking records, real transformation demands a broader approach—one that combines energy security, technological innovation, and sustainable development.
With its 80-year legacy of nuclear excellence and its forward-thinking ventures into medicine, materials science, and manufacturing, Rosatom exemplifies this integrated approach. Whether powering millions of homes, treating patients, or enabling industries to innovate, Rosatom is not just keeping pace with global challenges—it is helping to define the solutions.
In the journey toward a carbon-free future, Rosatom is not simply part of the story—it is helping write the next chapter.
Follow us on:
Facebook
Instagram
Whatsapp
Short link:

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nasdaq Dubai Welcomes Mashreq's USD 500 Million Sukuk Listing
Nasdaq Dubai Welcomes Mashreq's USD 500 Million Sukuk Listing

Tahya Masr

time3 days ago

  • Tahya Masr

Nasdaq Dubai Welcomes Mashreq's USD 500 Million Sukuk Listing

Nasdaq Dubai welcomed Mashreq's (''Mashreq'' or ''the Bank'') debut listing on the exchange with the admission of a USD 500 million Sukuk issued by Mashreq Al Islami Sukuk Company Ltd . The Trust Certificates, due in 2030, were issued under Mashreq's USD 2.5 billion Trust Certificate Issuance Programme and are being admitted as a secondary listing following strong demand in the primary market. This marks an important milestone for Mashreq as it expands its access to international capital markets and strengthens its presence in the Islamic finance space. It also reflects Nasdaq Dubai's continued role in connecting regional issuers with a global investor base through a well-regulated and diversified platform. Senior officials from Mashreq, including Ahmed Abdelaal, Group Chief Executive Officer; Joel Van Dusen, Group Head of Corporate & Investment Banking; and Salman Hadi, Group Head of Treasury & Global Markets, attended the market opening ceremony at Nasdaq Dubai to celebrate the listing. The bell was rung by Ahmed Abdelaal in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Abdul Aziz Al Ghurair, Chairman of Mashreq, commented: "This Sukuk listing marks an important step in Mashreq's commitment to strengthening the global Islamic finance landscape. It is a clear demonstration of Mashreq's long-term commitment to Islamic finance, the deepening of cross-border capital flows, and the UAE's continued emergence as a global nexus for ethical and Sharia-compliant financing. Through this programme, we are proud to reinforce investor trust and contribute meaningfully to the maturing of Islamic capital markets . Ahmed Abdelaal, Group Chief Executive Officer, Mashreq said: 'Our debut listing on Nasdaq Dubai marks a new chapter in Mashreq's capital markets journey. This Sukuk issuance not only attracted strong investor interest, but also affirms our disciplined approach to funding, even in a complex macro environment. As we continue to diversify our capital structure through Sharia-compliant channels, we remain committed to delivering strong fundamentals, market transparency, and sustainable value for all stakeholders. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: 'This listing reflects Mashreq's growing ambitions in the Islamic finance sector and underscores our role as a leading marketplace that connects regional issuers with global investors. As Dubai continues to strengthen its capital markets infrastructure, we remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem. This landmark Sukuk issuance marked Mashreq's successful return to the international debt capital markets. It was also the first public issuance from the CEEMEA region since the announcement of U.S. tariffs in April 2025, which had triggered heightened volatility across global markets. The success of this transaction renewed market participants' confidence, and was followed by a string of issuances, thereby helping to reopen the market for regional issuers. The transaction attracted significant investor interest, resulting in an orderbook of USD 2.9 billion, nearly six times oversubscribed. The final pricing was tightened to UST +105 basis points with a fixed profit rate of 5.03% per annum, reflecting the strength and quality of the orderbook and strong investor confidence in Mashreq's credit fundamentals. With broad participation from over 90 global investors across the Middle East, Europe and Asia, the issuance reaffirms Mashreq's leadership in Islamic finance and reinforces Dubai's growing stature as a global hub for Sharia-compliant capital markets. With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 97.2 billion, further strengthening the exchange's position as one of the world's largest centres for Islamic fixed income. The overall value of debt securities listed on Nasdaq Dubai now stands at over USD 140 billion, across 163 issuances. These figures reflect the depth and maturity of the UAE's capital markets, as well as the growing appeal of Dubai as a gateway for regional and international investment.

OPEN// Cabinet sets feed-in tariff for power generated from sewage sludge, biogas
OPEN// Cabinet sets feed-in tariff for power generated from sewage sludge, biogas

Middle East

time3 days ago

  • Middle East

OPEN// Cabinet sets feed-in tariff for power generated from sewage sludge, biogas

CAIRO, June 4 (MENA) – The Cabinet approved on Wednesday, during a meeting under Prime Minister Mostafa Madbouly, a feed-in tariff of $0.044 per kilowatt-hour for electricity generated from sewage sludge or biogas extracted from sanitary landfills, as part of efforts to support renewable energy and waste-to-energy projects. Under the approved framework, project companies will be granted usufruct rights to state land for up to 25 years and are responsible for all permits, grid connection costs, and environmental studies. Power generated will be sold to electricity distribution companies through power purchase agreements, with payments in Egyptian pounds based on the central bank's USD exchange rate at the time of invoicing. The total installed capacity from such projects is capped at 80 MW over three years. The tariff may be reviewed after reaching this limit or at the end of the three-year period, whichever comes first. A joint committee headed by the Waste Management Regulatory Authority will oversee project evaluations and define technical and financial conditions for contracts, with representation from key ministries and agencies. (MENA) R E E/

Brazil Officially Removes UAE from List of Jurisdictions with Preferential Tax Regimes
Brazil Officially Removes UAE from List of Jurisdictions with Preferential Tax Regimes

Mid East Info

time3 days ago

  • Mid East Info

Brazil Officially Removes UAE from List of Jurisdictions with Preferential Tax Regimes

A Milestone in Bilateral Economic Cooperation Mohamed Bin Hadi Al Hussaini: The UAE applies global best practices and international standards in tax and financial policies The Ministry of Finance announced that the United Arab Emirates has been officially removed from the Federative Republic of Brazil's list of jurisdictions with preferential tax regimes, a significant step that reflects the UAE's strong commitment to the highest standards of tax transparency and global financial governance. This development also underscores the depth and maturity of the economic and trade relations between the two countries. This achievement stems from the official visit of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to the Federative Republic of Brazil in November last year, and the constructive cooperation between Brazil's Ministry of Finance and the relevant UAE entities. Dedicated technical teams from both sides worked closely to fulfil all requirements related to tax transparency and investment standards adopted by the Brazilian authorities. The announcement represents the culmination of a long-standing technical dialogue founded on strategic alignment and partnership. New Horizons: His Excellency Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, affirmed that removing the UAE from Brazil's list of jurisdictions with preferential tax regimes reflects the UAE's unwavering commitment to implementing best practices and international standards in its tax and financial frameworks. 'This step is a testament to the success of UAE diplomacy in building partnerships based on transparency and mutual trust,' he said. H.E. added: 'We view this achievement as a launchpad for further strengthening economic cooperation with Brazil and unlocking new opportunities for mutual investment that serve both nations' ambitions for comprehensive and sustainable economic development. We will continue working to deepen bilateral ties and activate strategic initiatives that benefit the economies and people of both countries.' Shared Opportunities: It is worth noting that the UAE is the leading destination for Brazilian exports among Arab countries, with bilateral trade exceeding USD 4.3 billion in 2024, making Brazil the UAE's largest trading partner in South America. Both sides remain committed to leveraging all avenues of cooperation and shared opportunities to enhance their economic ties. The removal of the UAE from Brazil's list is expected to further accelerate bilateral cooperation, particularly in priority sectors such as trade and investment. This development supports sustainable development goals and strengthens the UAE's position as a global business hub. This announcement marks a pivotal milestone in UAE-Brazil relations and reflects the two countries' shared vision of building a strong economic partnership grounded in tax transparency, governance, and support for initiatives that drive sustainable growth and shared prosperity.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store