ADNOC secures $3B green financing from JBIC to support decarbonization goals.

Abu Dhabi National Oil Company (ADNOC) has secured a $3 billion green financing agreement with Japan Bank for International Cooperation (JBIC) to support its decarbonization efforts. The funds will aid ADNOC's goal of achieving net-zero carbon emissions by 2045, cutting its carbon intensity by 25%, and achieving zero methane emissions by 2030. This marks ADNOC's first green funding and aligns with its commitment to allocate $23 billion for decarbonization initiatives.

July 04, 2024
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