Japan Bank for International Cooperation (JBIC) partners with ADNOC for green financing talks
![Japan Bank for International Cooperation (JBIC) partners with ADNOC for green financing talks](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/02/investment-interest-concept-green-plant-growing-golden-coin-park-with-blur-nature-backgr.jpg)
The Japan Bank for International Cooperation (JBIC) has inked a Heads of Agreement (HOA) with the Abu Dhabi National Oil Company (ADNOC), laying the groundwork for discussions on financing within JBIC’s GREEN operations.
This move highlights ADNOC’s dedication to decarbonizing its operations and aligns with its goal of achieving net-zero emissions by 2045.
ADNOC is actively engaged in various green initiatives, including renewable energy, hydrogen, ammonia, and carbon capture and storage (CCS).
The credit line discussed in the HOA aims to bolster ADNOC’s decarbonization projects, fostering collaboration with Japanese companies.
The agreement is anticipated to leverage Abu Dhabi’s abundant resources for renewable energy and CCS. This strategic collaboration underscores JBIC’s commitment to supporting sustainable development efforts globally.
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