Abu Dhabi to invest $15 billion in decarbonization

Abu Dhabi to invest $15 billion in decarbonization

The Abu Dhabi National Oil Company’s interest in carbon capture and hydrogen is not new, and is part of a wider shift in the United Arab Emirates.













Sultan Ahmed Al Jaber, Emirati minister of state and CEO of the Abu Dhabi National Oil Company, speaks during the opening ceremony of the 24th World Energy Congress, Abu Dhabi, United Arab Emirates, Sept. 9, 2019. - Karim Sahib/AFP via Getty Images























January 5, 2023









The Abu Dhabi National Oil Company (ADNOC) announced a major investment in sustainable and green technology Thursday. 

ADNOC said it allocated $15 billion to decarbonization projects to be invested by 2030. They specifically mentioned the following, according to a press release:

carbon capture 

electrification 

carbon dioxide (CO2) absorption technology 

investment in renewable and hydrogen energy

What it means: Carbon capture is the process of capturing carbon dioxide from the atmosphere and then storing it or using it for other purposes. Electrification is the process of transitioning technology that runs on fuel to tech that uses electricity. 

CO2 absorption could refer to a few things. In recent years,