ADNOC has elevated the allocation for decarbonisation initiatives and low-carbon options to succeed in AED 84.4 billion at its assembly of the board of administrators.
UAE President His Highness Sheikh Mohamed bin Zayed al Nahyan, who chaired the assembly on the ADNOC headquarters in Abu Dhabi, confirmed that the nation will proceed to develop and diversify its capabilities and experience within the vitality sector.
The areas of funding will embody growing ADNOC’s enterprise domestically and internationally within the subject of carbon administration, and enhancing its efforts in decreasing emissions of its companies and the businesses it offers with.
His Highness additionally directed ADNOC to attain development in varied enterprise sectors, and to offer secure and dependable provides of vitality to help the achievement of a accountable transition within the international vitality sector. He added the sector is the spine of improvement efforts and plans, with a simultaneous concentrate on sustainability and lowered emissions.
The President praised ADNOC’s efforts to triple its means to supply renewable vitality via its stake in Masdar, and for taking concrete sensible measures to attain its interim targets for the yr 2030, that are to scale back the depth of greenhouse fuel emissions by 25 per cent, and obtain close to net-zero emissions of methane fuel.
The UAE President has chaired the ADNOC Board of Directors assembly, and given directives for ADNOC to develop its diversified portfolio and guarantee a safe and accountable vitality provide. The board additionally accepted an allocation of AED84.4 billion for decarbonisation initiatives. pic.twitter.com/7GfnuBredi
— مكتب أبوظبي الإعلامي (@ADMediaOffice) January 22, 2024
