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Decrabonisation

Adnoc calls on Earthshot Prize winner for decarbonisation pilot

Abu Dhabi National Oil Company (Adnoc) announced on Tuesday a partnership to pilot technology that permanently mineralises carbon dioxide within rock formations found in the emirate of Fujairah.  Adnoc is partnering with the Fujairah Natural Resources Corporation, Abu Dhabi Future Energy Company (Masdar) and Oman-based 44.01.  The project, announced at the Abu Dhabi Sustainability Week, […]

green hydrogen

GCC poised for starring role in global hydrogen market

The GCC is set to play a key role in the global hydrogen market, with the UAE, Saudi Arabia and Oman looking to become leaders in the export of clean fuel. As industry experts come together in Abu Dhabi this week for the World Future Energy Summit, a report from Frost & Sullivan paints a […]

climate finance Al Jaber Cop28

Cop28 chief sets out UAE’s vision for climate finance

The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […]

Morocco solar

UAE and US allocate $20bn to fund 15GW renewable projects

The UAE and the United States said that the first $20 billion of their $100 billion clean energy partnership will fund 15 new gigawatts (GW) of renewable energy projects before 2035, state-own WAM news agency reported. The investments, led by the UAE’s renewable energy company Masdar and a consortium of US private investors, will be […]

UAE’s Adnoc allocates $15bn to decarbonise operations by 2050

State oil major Abu Dhabi National Oil Company (Adnoc) has allocated AED55 billion ($14.97 billion) to decarbonise its operations by 2050, the oil giant said in a statement.  Projects will include investments in clean power, carbon capture and storage (CCS), further electrification of its operations, energy efficiency and new measures to build on Adnoc’s long-standing […]

Sheikh Mohamed Bin Zayed, president of the UAE, talks to his Indonesian counterpart, Joko Widodo, at the G20 summit in Bali on November 14
  • Analysis

‘Primed for growth’: UAE and Indonesia cement trade ties

When Kaesang Pangarep, the son of President Joko Widodo of Indonesia, married this month, the guests included Sheikh Khaled Bin Mohamed Al Nahyan, chairman of the Abu Dhabi Executive Office, representing the UAE’s president, his father Sheikh Mohamed. The invitation highlighted the growing relationship between the UAE and Indonesia, just weeks after the two countries […]

Adnoc

Adnoc chasing global growth with latest venture

Abu Dhabi National Oil Company (Adnoc) is creating a dedicated unit for low carbon solutions and international business. It is an attempt to monetise the decarbonisation strategy mandated to it by its board and the wider UAE government.  But the company must ensure that any future overseas work does not cannibalise that of the Abu […]

Morocco solar

Morocco targets 30% drop in energy costs via renewables boost

Morocco’s government has announced plans to reduce energy costs for factories by 20-30 percent through a combined strategy of investing in renewable energy and the decarbonisation of industries.  “The government is working on delivering clean electricity to all manufacturers at a lower cost compared to what they are paying now,” Morocco’s minister of industry and […]

UK offshore wind

UK energy windfall tax ‘could scare off Gulf investors’

London’s plan to introduce a windfall tax on the profits of energy producers has prompted widespread disdain from the industry. Experts have warned that the tax could harm the country’s long-term economic growth and deter international investors, including those from the Gulf, from pursuing new deals. On November 17, chancellor Jeremy Hunt announced he would […]