COP28 Pres.-Designate rallies Oil and Gas industry to decarbonise

In his keynote speech during the opening of the 39th edition of ADIPEC 2023, Dr. Al Jaber reiterated calls on industry to “step up, align around net zero by or before 2050, zero-out methane emissions, and eliminate routine flaring by 2030.”

He welcomed recent progress and action from over 20 oil and gas companies, including both international and national oil companies (IOCs and NOCs), which have “positively answered the call” to take the challenging but achievable steps to curb emissions from the production of energy.

Describing the progress, Dr. Al Jaber said, “This took time, effort and many months of hard work, negotiation and collaboration. We are counting on many more to come onboard and start taking action to decarbonise further and faster. I urge everyone to make this commitment at COP28, a COP where I am calling on everyone to set the highest ambitions, follow through with practical actions and deliver real results.”

Dr. Al Jaber issued his call to action at the beginning of ADIPEC 2023, the largest and most inclusive energy industry gathering.

The event, which runs from 2-5 October, welcomes more than 2,200 exhibiting companies – including 54 NOCs, IOCs, and IECs – 30 country pavilions and 160,000 attendees, under the theme ‘Decarbonising. Faster. Together.

The COP28 President-Designate’s call to implement a comprehensive energy transition plan is part of the COP28 Presidency’s Action Agenda which is based on four key pillars. These pillars include fast-tracking a just and orderly energy transition, fixing climate finance, focusing on people, lives and livelihoods, and underpinning everything with full inclusivity.