Helping our customers reduce their emissions Global demand for lower-carbon energy solutions is rising as our customers and end-users are looking to diversify their energy mix in their drive to decarbonize. To meet this rising demand, we are accelerating our investments in a broad portfolio of lower-carbon solutions including renewable energy, carbon management platforms, geothermal, sustainable aviation fuel, hydrogen and low-carbon ammonia. Building this capacity in partnership with global leaders will help provide the energy and lower- carbon solutions for a just and equitable energy transition. Investing in renewables Through our clean energy partnership with TAQA and Mubadala, under Masdar, we are targeting a portfolio capacity of more than 100GW by 2030. Masdar, the Abu Dhabi Future Energy Company, is a leading renewable energy business, positioning the UAE at the forefront of the global energy transition. Established in 2006 as a clean energy pioneer, Masdar has developed and partnered in projects in over 40 countries, with a portfolio of projects, which are either operational, under construction or under development. Their combined value is more than $30 billion (AED 110 billion) and they have a combined capacity of more than 20GW, providing affordable energy to the world for a more sustainable future. In addition to our shareholding in Masdar, we are harnessing geothermal energy to diversify the UAEs energy mix. In partnership with the national central cooling company, Tabreed, we are recycling subsurface heat to sustainably run the systems used to cool urban spaces. 36