As a responsible energy provider, we recognize that global energy systems must be transformed by reducing emissions while availing secure and reliable energy the world needs to drive progress. This is why we are strengthening our position as one of the least-carbon intensive hydrocarbons producers in the world, while advancing the science of carbon capture—including both nature-based and technology-led solutions—and playing a key role in the growing hydrogen economy.
The UAE launched its net-zero emissions by 2050 strategic initiative, making it the first Middle East and North African (MENA) nation to do so. An integral part of the UAE’s net-zero commitment is continuing to collaborate with other United Nations (UN) member states on the best path forward to create a sustainable future. To this end, UAE will be hosting the Conference of the Parties (COP) 28 in 2023.
ADNOC is committed to supporting the UAE’s national drive to achieve net zero emissions by 2050. By virtue of our geology and our targeted investments in efficient reservoir and operations management, we have maintained one of the lowest carbon emissions intensities in the world and will further reduce the intensity of our GHG emissions by 25% by 2030.
We are investing in new energy solutions and low-carbon technologies, and establishing impactful partnerships to support the global energy transition, while further reducing our carbon footprint to mitigate the impacts of climate change. For example, in 2021 ADNOC announced plans with two partners, TAQA and Mubadala, to combine their renewables and green hydrogen operations into the Abu Dhabi Future Energy Co., otherwise known as Masdar, with plans to boost renewable energy capacity from 23 GW to more than 100 GW by 2030.