ADNOC has recently concluded a significant agreement with the Japan Bank for International Cooperation (JBIC) for a US$3bn green financing facility aimed at advancing its decarbonisation and energy transition efforts. The funding, part of JBIC’s GREEN lending program and backed by Japanese commercial banks, will aid ADNOC in its strategic goals. Khaled Al Zaabi, ADNOC Group chief financial officer, expressed satisfaction in partnering with JBIC for ADNOC’s inaugural green funding venture to expedite decarbonisation and energy transition initiatives. The funds will play a pivotal role in realizing ADNOC's strategy to support a comprehensive, fair, and efficient global energy transition. Additionally, this agreement signifies a crucial step forward in the enduring energy ties between the UAE and Japan. Notably, ADNOC is channeling US$23bn into decarbonising its operations and fostering the development of future energy sources like hydrogen, geothermal, renewables, and carbon capture technologies. The company is resolutely working towards achieving net zero emissions by 2045 and completely eliminating methane emissions by 2030, demonstrating a strong commitment to sustainability and environmental stewardship.