COP28 President-designate Dr. Sultan Al Jaber called on the oil and gas industry to rally around ambitious decarbonization targets as part of the COP28 Presidency’s Action Agenda to fast-track the energy transition and keep 1.5C within reach.
Dr. Al Jaber issued his call to action at the beginning of the 2023 Abu Dhabi International Petroleum Exhibition & Conference , the largest and most inclusive energy industry gathering. The event was attended by HH Shiekh Mansour bin Zayed Al Nahyan, Vice President of the United Arab Emirates, along with 160,000 energy professionals, 2,200 exhibiting companies, 54 NOCs, IOCs, and IECs.
Describing the necessary actions, Dr. Al Jaber highlighted three key areas that he was prioritizing, including: curbing emissions from the production of energy, scaling up renewables, and decarbonizing hard-to-abate sectors, such as steel cement, aluminum and heavy transportation.’ “We know that solutions exist, and all industries can and must respond. But they can’t act alone. Governments should be proactive in setting the right demand signals and dealing with critical issues like permitting.” He also stated the need to “overcome the hurdles to scale up and commercialize hydrogen and carbon capture technologies.”
Speaking of the need to “create a pro-climate, pro-growth future”, Dr. Al Jaber noted that “it is a historic opportunity for growth and innovation. In fact, it represents the largest economic opportunity since the first industrial revolution.”There was a problem processing your submission. Please try again later.