{"id":88245,"date":"2024-01-23T00:00:00","date_gmt":"2024-01-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/"},"modified":"2024-01-23T00:00:00","modified_gmt":"2024-01-23T00:00:00","slug":"adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/","title":{"rendered":"Adnoc boosts planned decarbonization investments >50% to USD 23 bn"},"content":{"rendered":"

Adnoc pledges more investments in decarbonization:<\/strong> State-owned Abu Dhabi National Oil Company (Adnoc) has raised its budget for investments in decarbonization and lower-carbon projects to USD 23 bn (AED 86.6 bn), up from its initial USD 15 bn (AED 55.1 bn) budget, according to a company statement<\/a>. Adnoc made the announcement during its annual board meeting. <\/p>\n

Where the funds will go: <\/strong>\u201cThe increased allocation will include investments to grow the company's domestic and international carbon management platforms,\u201d the company said in the statement.<\/p>\n

Targets: <\/strong>Adnoc aims to decrease its carbon intensity by 25% by 2030 and achieve net-zero carbon emissions by 2045. The company is planning to double its carbon capture and storage capacity to 10 mn tonnes a year by the end of the decade, the statement said. <\/p>\n

The board also approved a target for the company to contribute AED 178 bn to the UAE economy over the next five years<\/strong>, building on the AED 41 bn generated by Adnoc's in-country value program<\/a> in 2023.<\/p>\n

The news got wide attention in the international press: <\/strong>Reuters<\/a>, Bloomberg<\/a>, and the Financial Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company aims to contribute AED 178 bn to the UAE economy over the next five years<\/p>\n","protected":false},"author":1,"featured_media":88246,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[57,388,143,7,25],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-adnoc","tag-decarbonization","tag-energy","tag-enterpriseam-uae","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"b341b5ef-ca42-4c4e-a719-90e984f666eb","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1853.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc will spend USD 23 bn on lower-carbon projects, >50% more than originally planned","related_issue":[88239],"teaser":"The company aims to contribute AED 178 bn to the UAE economy over the next five years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.bf8f00ca-2866-49b5-8947-8821ccf3956a.mp3"},"yoast_head":"\nAdnoc boosts planned decarbonization investments >50% to USD 23 bn - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adnoc boosts planned decarbonization investments >50% to USD 23 bn\" \/>\n<meta property=\"og:description\" content=\"The company aims to contribute AED 178 bn to the UAE economy over the next five years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Adnoc boosts planned decarbonization investments >50% to USD 23 bn\",\"datePublished\":\"2024-01-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/\"},\"wordCount\":180,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Adnoc\",\"decarbonization\",\"energy\",\"EnterpriseAM UAE\",\"INVESTMENT WATCH\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/\",\"name\":\"Adnoc boosts planned decarbonization investments >50% to USD 23 bn - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-23T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Adnoc boosts planned decarbonization investments >50% to USD 23 bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Adnoc boosts planned decarbonization investments >50% to USD 23 bn - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/","og_locale":"en_US","og_type":"article","og_title":"Adnoc boosts planned decarbonization investments >50% to USD 23 bn","og_description":"The company aims to contribute AED 178 bn to the UAE economy over the next five years","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/","og_site_name":"UAE","article_published_time":"2024-01-23T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Adnoc boosts planned decarbonization investments >50% to USD 23 bn","datePublished":"2024-01-23T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/"},"wordCount":180,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1","keywords":["Adnoc","decarbonization","energy","EnterpriseAM UAE","INVESTMENT WATCH"],"articleSection":["INVESTMENT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/","name":"Adnoc boosts planned decarbonization investments >50% to USD 23 bn - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1","datePublished":"2024-01-23T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/01\/23\/adnoc-boosts-planned-decarbonization-investments-50-to-usd-23-bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Adnoc boosts planned decarbonization investments >50% to USD 23 bn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/88245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=88245"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/88245\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/88239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/88246"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=88245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=88245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=88245"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=88245"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=88245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}