UAE state oil firm brings net zero climate target forward to 2045

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>A state-run oil giant in the United Arab Emirates has said it has moved up its target for achieving net zero emissions in its operations to 2045&comma; as the country prepares to host UN climate talks later this year&period;<&sol;p>&NewLine;<p>The Abu Dhabi National Oil Company&comma; known as Adnoc&comma; said it is also committed to achieving zero methane emissions by 2030&period;<&sol;p>&NewLine;<p>Earlier this year&comma; Adnoc earmarked 15 billion dollars &lpar;£11&period;7 billion&rpar; for an array of green initiatives&comma; including the development of hydrogen power&comma; carbon capture facilities and the planting of mangroves&period;<&sol;p>&NewLine;<p>The company had previously committed to achieving net zero by 2050&period;<&sol;p>&NewLine;<p>The UAE&comma; an Opec member that produces more than three million barrels of crude oil a day&comma; will host the global climate talks known as COP28 from November 30 to December 12 in Dubai&period;<&sol;p>&NewLine;<p>It has appointed Sultan al-Jaber&comma; the head of Adnoc&comma; to chair the meeting&comma; a move that drew criticism from some environmentalists&period;<&sol;p>&NewLine;<p>He has emphasised the need to cut emissions&comma; rather than end fossil fuel use itself&period;<&sol;p>&NewLine;<p>It has prompted fears that he might seek loopholes for untested carbon-capture technologies and so-called offsets that experts say distract from the need to end the release of greenhouse gases&period;<&sol;p>&NewLine;<p>Governments agreed eight years ago in Paris to limit global warming to 2C — ideally no more than 1&period;5C&period;<&sol;p>&NewLine;<p>With average global temperatures already about 1&period;2C above pre-industrial levels&comma; experts say the window to meet the more ambitious target is closing fast and even the less stringent goal would be missed if emissions are not slashed sharply soon&period;<&sol;p>&NewLine;<p>The UAE&comma; a global hub for business and tourism&comma; has pledged to be carbon neutral by 2050 — a target that remains difficult to assess&period; Analysts believe the Emirates is trying to maximise its profits as the world turns to renewables&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68cd20532afed">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68cd20532afed'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


Discover more from London Glossy Post

Subscribe to get the latest posts sent to your email.

- Advertisement -
Exit mobile version