ADNOC Secures $3B Green Financing Facility from Japan Bank

ADNOC Secures $3B Green Financing Facility from Japan Bank

Yukiko Tanaka
2 min read

ADNOC Secures $3 Billion Green Financing Facility from JBIC

ADNOC PJSC has successfully secured a $3 billion green financing facility from the Japan Bank for International Cooperation (JBIC), as a part of their GREEN lending program. This collaborative agreement is a significant milestone in strengthening the strategic energy partnership between the UAE and Japan. The allocated funds are dedicated to bolstering ADNOC's decarbonization and energy transition objectives, notably aimed at reducing carbon intensity by 25% before 2030 and striving for net-zero emissions by 2045.

ADNOC, recognized as a frontrunner in the production of low-carbon oil and gas, is directing a considerable $23 billion investment towards decarbonization initiatives, with a primary focus on hydrogen, geothermal energy, renewables, and carbon capture technologies. As a founding member of the Oil and Gas Decarbonization Charter, ADNOC has pledged to eliminate methane emissions by 2030 and achieve net-zero emissions by 2050 or even earlier. This endeavor underlines ADNOC's commitment to being a responsible and sustainable global energy provider, continuously adapting to meet the ever-evolving market demands.

Key Takeaways

  • ADNOC secures $3 billion green financing from JBIC
  • Funding supports ADNOC's decarbonization goals and energy transition
  • ADNOC aims to reduce carbon intensity by 25% by 2030
  • Company plans $23 billion investment in decarbonization initiatives
  • ADNOC targets net-zero emissions by 2045 and zero methane by 2030


The $3 billion green financing secured by ADNOC from JBIC not only fortifies the energy ties between UAE and Japan but also expedites ADNOC's decarbonization efforts, exerting notable influence across global oil markets and green technology sectors. This substantial financial injection further bolsters ADNOC's $23 billion investment in low-carbon initiatives, positioning the company as a leading force in sustainable energy. In the short term, this enhances ADNOC's financial stability and fosters innovation in green technologies. Looking into the future, it sets a noteworthy precedent for other oil majors to follow suit, potentially reshaping industry standards and significantly reducing global carbon footprints.

Did You Know?

  • Green Financing Facility: A green financing facility is a financial instrument designed to support projects with environmental benefits, such as reducing carbon emissions or promoting renewable energy. ADNOC has secured a $3 billion facility from JBIC to fund its decarbonization and energy transition goals.
  • Carbon Intensity: Carbon intensity refers to the amount of carbon dioxide (CO2) emitted per unit of energy produced or consumed. ADNOC aims to reduce its carbon intensity by 25% by 2030, indicating its plans to decrease the amount of CO2 emitted for each unit of energy it produces.
  • Net Zero Emissions: Net zero emissions denote a state where a company or country emits no more greenhouse gases than it removes from the atmosphere. ADNOC is targeting achieving net-zero emissions by 2045, signifying its commitment to balancing its greenhouse gas emissions through various decarbonization strategies.

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