The United Arab Emirates (UAE) has taken bold steps to mitigate climate change, demonstrating a strong commitment to a more sustainable and resilient future. The UAE was the first country in the region to launch a Net Zero strategy to achieve net zero emissions by 2050. ADNOC is an integral part of this vision and the nation’s broader sustainability strategy. The UAE’s Net Zero by 2050 Strategic Initiative is a comprehensive roadmap that involves a multifaceted approach and integrates economic, environmental, and social dimensions, underscoring the UAE’s commitment to sustainable development. The strategy encompasses carbon capture and storage, increased renewable energy capacity, improved energy efficiency, and an emphasis on green industries and related jobs. The UAE Energy Strategy 2050 targets an energy mix that will enable the UAE’s sustainable economic growth and path to carbon neutrality by 2050. Investment in renewable energy, both locally and globally, reflects the UAE’s commitment to promoting clean energy. The UAE has invested billions of dollars in renewable energy projects at home, emerging as a regional leader in solar and wind power. It has been the host nation of the International Renewable Energy Agency (IRENA) since 2011. Beyond its borders, the UAE has been a significant investor in renewable energy. Masdar, the Abu Dhabi Future Energy Company (in which ADNOC is a major shareholder), has invested in renewable energy projects in more than 40 countries around the world. These investments reflect the UAE’s commitment to sustainable energy development on a global scale, helping to expand access to clean energy in developing countries. ADNOC is a key enabler of the UAE’s energy strategy and new hydrogen strategy. It will continue to pioneer its clean hydrogen and low-carbon ammonia production, bolstering the UAE’s goal to be a world leader in the hydrogen market and help our industrial customers around the world on their own decarbonization journeys. Today, we produce over 300,000 tonnes of hydrogen and by 2030 we plan to produce more than one million tonnes per year of low-carbon ammonia from a new world-scale facility at TA’ZIZ. Further supporting the UAE’s energy diversification ambitions, ADNOC will continue its ongoing investments in Masdar and build on other partnerships to further diversify and decarbonize the UAE’s energy mix. HE Mariam Al Muhairi UAE Minister of Climate Change and Environment 3X contribution from renewables by 2030 1.4 million tonnes annual production by 2031 19% decrease in GHG emissions by 2030 relative to 2019 baseline 30% share of clean energy in the energy mix by 2031 15 million tonnes annual production by 2050 40% reduction in GHG emissions compared to the 2030 business-as-usual scenario Up to $50bn investment by 2030 to meet energy demand National Energy Strategy 2050 National Hydrogen Strategy Nationally Determined Contribution H2 CO2 The UAE Net Zero Pathway 03 The UAE Net Zero Pathway “The UAE, under the leadership of our President His Highness Sheikh Mohammed Bin Zayed Al Nahyan, views climate action not only as a strategic imperative for the environment and our future generations, but also as an opportunity for sustainable economic growth and socially inclusive prosperity.” “We have progressively raised our ambition in less than three years, highlighted by the commitment to reduce emissions by 23.5 per cent in our Second NDC; decreased this further to 31 per cent in our Second Updated NDC; and pushed our efforts even further to reach a reduction of 40 per cent in our Third Update of our Second NDC compared to business as usual.” 21 20 Advancing Towards Net Zero