ADNOC accelerates net zero and decarbonization plan, reports 2022 emissions performance

ADNOC accelerates net zero and decarbonization plan, reports 2022 emissions performance

- ADNOC achieved industry-leading low carbon intensity of ~7 kgCO2e/boe for upstream operations in 2022, as it responsibly contributed to meeting growing global energy demand

- Building on its legacy as a responsible global energy pioneer, ADNOC is set to increase investments in and double down on its decarbonization efforts, backed by an initial $15 billion allocation to low-carbon solutions

- ADNOC extends open invitation to investors, climate technology providers and industry across all sectors to partner on its journey to supercharge and accelerate decarbonization

- ADNOC is expanding into renewables through its investment in Masdar, which is set to grow its renewable energy portfolio to 100GW by the end of the decade

Abu Dhabi, UAE – ADNOC is accelerating its decarbonization plan to bring forward its net zero ambition to 2045, from its previous target of 2050, and to achieve zero methane emissions by 2030. ADNOC is the first company in its peer group to accelerate its net zero target to 2045.

These new targets mark a new chapter in ADNOC’s transformational journey to a lower-carbon future. The company has placed sustainability at the heart of its long-term strategy, including investing in renewables, building a global hydrogen value chain, deploying innovative climate technology solutions,