Abu Dhabi steps on the emissions-reduction accelerator
State-owned energy companies are intensifying efforts to decarbonise the emirate’s crude oil production and carve out a leading role in the nascent global hydrogen trade
The UAE’s decision to name the CEO of state oil company Adnoc, Sultan Ahmed al-Jaber, as president of the Cop28 climate change summit in Dubai later this year generated predictable criticism from many quarters. However, the firm and its state owner are doubling down on the argument that one of the world’s largest oil producers can also be a pioneer of decarbonisation and clean energy. Jaber’s appointment to the Cop28 role—a choice less jarring when considering his eight years as the UAE’s special envoy for climate change—is symptomatic of Abu Dhabi’s contention that the world will continue to need its cheap-to-extract oil for decades, despite accelerating decarbonisation. The state’s focus i
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation