UAE Plans $15 Billion Push for Low-Carbon Energy by 2030

State oil producer Adnoc earmarks spending on carbon capture
Spending is part of strategy to invest $150 billion on energy

UAE is betting on carbon capture, solar, nuclear and hydrogen power to neutralize its emissions of carbon dioxide.Photographer: Luke Sharrett/Bloomberg

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By Anthony Di Paola

January 5, 2023 at 7:51 AM UTC

Updated on

January 5, 2023 at 1:08 PM UTC

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The United Arab Emirates is earmarking $15 billion for energy-transition projects over the rest of the decade as the Middle Eastern oil producer seeks to burnish its green credentials ahead of hosting a key global climate summit.