UAE's Oil Expansion Plans Clash with Climate Summit Goals
The United Arab Emirates (UAE), which is hosting this year’s UN climate summit, has the third biggest net zero-busting plans for oil and gas expansion in the world, according to new data. Its plans are surpassed only by Saudi Arabia and Qatar. Adnoc, the UAE’s national oil company, has plans to produce oil and gas equivalent to 7.5bn barrels of oil, 90% of which would have to remain in the ground to meet the net zero scenario set out by the International Energy Agency. The UAE’s climate targets and policies are rated as “highly insufficient” by independent experts, and the appointment of Adnoc’s CEO as president of the UN’s Cop28 summit in December has been controversial.