Abu Dhabi to invest $15 billion in decarbonization

The Abu Dhabi National Oil Company’s interest in carbon capture and hydrogen is not new, and is part of a wider shift in the United Arab Emirates.
Sultan Ahmed al-Jaber, Emirati minister of state and CEO of the Abu Dhabi National Oil Company, speaks during the opening ceremony of the 24th World Energy Congress, Abu Dhabi, United Arab Emirates, Sept. 9, 2019.
Sultan Ahmed Al Jaber, Emirati minister of state and CEO of the Abu Dhabi National Oil Company, speaks during the opening ceremony of the 24th World Energy Congress, Abu Dhabi, United Arab Emirates, Sept. 9, 2019. - Karim Sahib/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The Abu Dhabi National Oil Company (ADNOC) announced a major investment in sustainable and green technology Thursday. 

ADNOC said it allocated $15 billion to decarbonization projects to be invested by 2030. They specifically mentioned the following, according to a press release:

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