UAE to Invest $23 Billion in Clean Energy Over Next 5 Years

The UAE has planned to spend $23 billion on clean technology within the next five years. This massive strategy is expected to lead the UAE to become a major power in the world’s clean energy hub. ADNOC will lead this effort to produce 5% of the global demand for hydrogen that is free from carbon by the year 2030.

Hydrogen and ammonia are other important industrial chemicals, with hydrogen used especially in the processing of metals and ammonia in the manufacture of chemicals and fertilizers.

ADNOC aims to produce hydrogen and ammonia in the UAE and the US Texas. The company will focus on two types of hydrogen: Blue hydrogen obtained from fossil fuels with low levels of CO2 emissions, and green hydrogen which is generated using renewable energy. Both of them will be converted into ammonia for transportation convenience and then be exported to Asia and European countries like Japan and South Korea.

Partnerships with Japan

The relations between ADNOC and Japanese companies go back to the 1960s. Musabbeh Al Kaabi, ADNOC’s executive director of low-carbon opportunities, said he is proud of this partnership and stressed that the company is determined to help Japanese and other customers in their quest to drastically cut their carbon emissions. The Japanese government intends to encourage the use of ammonia, and this will be in line with the export strategy of ADNOC.

Carbon Capture Initiatives

Alongside clean hydrogen production, the UAE also has clear goals set for CCS, that are considered to be rather lofty. The country plans to sequester up to 10 million tonnes of carbon dioxide annually by 2030, the same as the amount emitted by some 2.4 million passenger vehicles. ADNOC already has operating facilities of 800000 tonnes per year and has further plans for commercialization for projects of 3 million tonnes per year.

Keep Reading

Fossil Fuel vs Renewable Energy Sources

To sustain its position on the global map of energy providers the UAE is following a dual-track plan. On the one hand, it is simultaneously striving to expand oil and natural gas but, on the other hand, the government is also investing more in the development of low-carbon energy technologies. To decrease the intensity of GHG emissions from oil production, ADNOC intends to spend approximately $4 billion on undersea power cables. These cables will be used to carry power from wind farms and solar power stations, as well as other nuclear and conventional power stations to offshore oil platforms.

Global Energy Transition

While developed countries have set the target for net-zero emissions by 2050, emerging countries are witnessing a steep rise in energy consumption. This could mean that fossil fuels are stuck as the future energy source beyond 2050. The UAE’s investment in clean energy technologies cautions that it is possible to pursue both energy generation and the successful stewardship of the natural world. Using hydrogen and ammonia technology, the UAE seeks to continue as a vital player in the global energy market while achieving net-zero carbon emission status.

Tags: UAE
Katherine S

1/4 German, 3/4 Malaysian. I write, follow and monitor closely political news happening in Malaysia, and other happening news in the ASEAN region. Newswriter for the best ASEAN news website - The Asian Affairs.

Recent Posts

Taylor Swift Thrills Fans with Joe Jonas-Inspired Mashup During Eras Tour in Toronto

During her Eras Tour stop in Toronto on Thursday, Taylor Swift shocked fans by unexpectedly performing two songs many believe…

November 23, 2024

BLACKPINK’s ROSÉ Stuns Fans with Emotional New Single “Number One Girl”

Following the explosive success of her lively partnership with Bruno Mars on "APT," BLACKpink's ROSÉ has switched gears to offer…

November 23, 2024

Sara Duterte’s Assassination Threat Against President Marcos Shocks the Philippines

During a Saturday press meeting, Philippine Vice President Sara Duterte made news with an explosive declaration stating that, should she…

November 23, 2024

Kathryn Bernardo Wins Snow Leopard Rising Star Award at the Asian World Film Festival

One of the most honored and talented performers from the Philippines, Kathryn Bernardo has hit a new career turning point…

November 23, 2024

Asian Cities in the Top 15 Safest Cities to Travel in 2024

Globetrotters remain mostly worried about safety even as the world embraces travel once more. While every place has unique attractions,…

November 22, 2024

V Surprises ARMY with Two Holiday Releases: A Festive Collab with Park Hyo-shin and “White Christmas” Cover

For K-pop fans, the Christmas season this year has become even more magical as several of their preferred stars reveal…

November 22, 2024

This website uses cookies.

Read More