UAE’s ADNOC sets ambitious emission target ahead of COP28

UAE’s ADNOC sets ambitious emission target ahead of COP28

Image courtesy: Abu Dhabi Media Office/ Twitter

ADNOC Group has accelerated its decarbonisation strategy, bringing forward its net zero carbon emissions target by five years to 2045, and to achieve zero methane emissions by 2030.

Sheikh Khaled bin Mohamed bin Zayed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council approved the company’s decarbonisation plan. Sheikh Khaled bin Mohamed said the ambitious targets mark a new chapter in the state-owned energy giant’s transformational journey to a lower carbon future.

ADNOC’s ambitious emissions target makes it the first in its peer group to accelerate its net zero target to 2045. The company said its upstream carbon intensity was around 7 kilograms of carbon dioxide equivalent per barrel of oil equivalent in 2022, which is among the lowest in the world.

Marking a new chapter in ADNOC’s transformational journey to a lower carbon future, we have brought forward our Net Zero ambition to 2045 and aim to achieve zero methane emissions by 2030.

— ADNOC Group (@ADNOCGroup) July 31, 2023

Previously, ADNOC unveiled plans to cut greenhouse gas (GHG) emission intensity by 25 per cent, as well as boost carbon capture, utilisation and storage capacity by 500 per cent by 2030. However,