What's Hot

    Solver Suite Now Available in the Microsoft Azure Marketplace

    September 26, 2023

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023
    Facebook X (Twitter) Instagram
    New MadagascarNew Madagascar
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    New MadagascarNew Madagascar
    Home » ADNOC pledges $15 billion for clean energy, new energies and decarbonization
    Business

    ADNOC pledges $15 billion for clean energy, new energies and decarbonization

    January 5, 2023
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email

    ADNOC, a reliable and responsible provider of energy with low carbon intensity, announced today a bold new strategy to decarbonize its operations globally. In November 2022, ADNOC’s Board of Directors approved its Net Zero by 2050 ambition and accelerated delivery of its low-carbon growth strategy. By using zero-carbon grid power, being committed to zero flaring in routine operations and deploying the region’s first carbon capture project at scale, ADNOC has established itself as a leader in low-carbon intensity energy production.

    ADNOC pledges $15 billion for clean energy, new energies and decarbonizationBy 2030, ADNOC will have allocated $15 billion (AED55 billion) to advance projects across its diversified value chain. Investments will be made in clean power, carbon capture and storage (CCS), electrification of operations, energy efficiency and new measures to build on ADNOC’s long-standing policy of no routine gas flaring. Each project will be rigorously assessed for commercial viability and sustainability.

    New projects and initiatives will be announced throughout 2023, including a first-of-its-kind CCS project, innovative carbon removal technologies, and investments in new, cleaner energy solutions. Together with the launch of ADNOC’s new Low Carbon Solutions and International Growth Directorate, these actions show the company’s commitment to reducing its carbon intensity by 25% by 2030. In addition, the company is moving towards Net Zero by 2050.

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023
    Latest News

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023
    © 2021 New Madagascar | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.