ADNOC’s Carbon Credit Initiative: Transforming Low-Emissions Projects and Industries in the UAE

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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