UAE Supports Responsible Energy Transition

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UAE
  • Date: 29-Nov-2022
  • Source: Asharq AL-awsat
  • Sector:Oil & Gas
  • Country:UAE
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UAE Supports Responsible Energy Transition

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The UAE is committed to remaining a responsible global energy provider and enabling a more sustainable future, announced President Sheikh Mohammed bin Zayed Al Nahyan.

Sheikh Mohammed noted that the UAE would support the efforts to ensure a responsible energy transition by keeping pace with the future and investing in the essential opportunities it provides.

Speaking at the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors, in his capacity as its Chairman, Sheikh Mohammed directed the company to pursue a Net Zero by 2050 ambition to support the country's 2050 Strategic Initiative.

The board also approved ADNOC's strategy to accelerate growth across its value chain to meet rising energy demand and support global energy security responsibly.

As part of the strategy, ADNOC will establish a new Low Carbon Solutions & International Growth vertical focused on new energies, gas, liquefied natural gas (LNG), and chemicals, reported the state news agency (WAM).

The President stressed the importance of the steps taken by ADNOC to reduce carbon emissions in conjunction with its endeavor to develop and expand its operations to meet the growing global energy demand.

He praised ADNOC's efforts to drive industrial growth through its In-Country Value (ICV) program and its support for

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