Masdar plays key role in promoting sustainability, climate action

Masdar plays key role in promoting sustainability, climate action

ABU DHABI- The Abu Dhabi Future Energy Company (Masdar) plays a crucial role in supporting the UAE leadership’s vision to promote relevant initiatives and innovation.

Since its establishment in 2006, the company has supported the UAE’s efforts to promote sustainability and climate action.

Masdar has exerted significant efforts to boost innovation for over 15 years. It has strengthened its stature as a leading international company in clean energy through a strategic agreement between the Abu Dhabi National Oil Company (ADNOC), TAQA and Mubadala to become shareholders in Masdar. This will help increase the company's renewable power capacity to more than 50 gigawatts by 2030.

Green Hydrogen Hydrogen is the most abundant element in the universe and can be used as a substitute for traditional fuel sources in many areas. Green fuels produced from renewable energy sources are likely to play an important role in strategies aimed at reducing carbon emissions for many sectors, including long-distance transportation, shipping and aviation. Hydrogen is expected to represent up to 18 to 25 percent of global energy demand by 2050. More than 30 countries are drafting their hydrogen plans and planning to implement more than 228 large-scale projects across the hydrogen value chain.

An international report, titled, "The