ADIPEC 2022: ‘Maximum energy with minimum emissions’ is UAE’s formula for global energy security

ADIPEC 2022: ‘Maximum energy with minimum emissions’ is UAE’s formula for global energy security

Dubai” ‘Maximum energy with minimum emissions' – that’s the ideal way to ensure global energy security, according to Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC. “A few days ago, as I was updating our President His Highness Sheikh Mohamed bin Zayed Al Nahyan, I asked for his advice. His response was reassuring,” said Dr. Jaber at the opening of the 38th ADIPEC industry event. “He told me ‘we cannot ignore the realities on the ground. We need to face them. We don’t shy away from challenges. We address them by adopting a positive mindset and by working out solutions with like-minded partners.’ “And then he added: ‘And remember, pursuing progress is in our DNA.’” The comments come as global energy markets head into an uncertain winter and with oil prices still under the $100 a barrel mark. Simultaneously, there is the need to keep the challenges of climate change in perspective and keep committing the multi-billion dollar investments into renewable and clean energy capacity. But not at the expense of investments in oil and gas. “If we zero out hydrocarbon investment, due to natural decline, we would