Three agreements between Abu Dhabi and BP were announced on September 16th, 2021 for investments in hydrogen, sustainable aviation, and carbon capture, among other technologies. The development will be billions of dollars in clean-energy projects located in both the UAE and the UK. The UAE has aspirational clean energy goals of its own, even as it ramps up its crude production capacity, holding the eighth largest oil reserves. The deals are the latest efforts by the hydrocarbon-rich emirate to scale up its alternative energy sector and diversify its economy by partnering with international oil companies. Officials in the emirate have outlined plans to generate half of its energy from clean and renewable sources, including nuclear power, by 2050.
- Abu Dhabi inks agreements with BP to develop clean energy projects