2023-06-19 10:59:47
ADNOC will create carbon credits from its low-emissions projects and other industries in the country
Dubai – Al Arabiya.net
Posted on: June 19, 2023: 01:32 PM GST Last updated: June 19, 2023: 02:59 PM GST
The Abu Dhabi National Oil Company, ADNOC, plans to establish a carbon trading office, as companies seek to reduce pollution and emissions.
ADNOC will create the funds from its low-emissions projects, as well as those of other industries in the country, according to informed sources told Bloomberg.
The credits would offset potential carbon taxes imposed on high-emitting exported products.
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