By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    3 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    3 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    3 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    3 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 months ago
  • Africa
    Africa
    Show More
    Top News
    From Child Soldiers To Carpenters In The Democratic Republic of Congo
    3 years ago
    Egypt: United States Embassy Cairo Organizes Women And Environment Week
    3 years ago
    PeacePro
    Military Intervention In Niger Republic Will Amount To Digging Africa’s Grave – PeacePro
    2 years ago
    Latest News
     South Africa’s Think 20: Experts Address How Africa Can Bridge Digital Divide And Achieving Financial Inclusion
    1 week ago
    U.S. Africa Command Commander Visits West Africa, Underscores Partnership In Addressing Evolving Terrorism Threat
    2 weeks ago
    West Africa Regional Preparatory Workshop For COP30 On Climate Change Opens In Dakar
    2 weeks ago
    Systemic Racism Against Africans And People Of African Descent In Criminal Justice Systems Is Pervasive
    2 weeks ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Voters In Katsina Vow To Dump Buhairi, APC
    3 years ago
    My Son Must Win, Ondo State’s King Threatens His People
    3 years ago
    I Will Not Disappoint My Constituents, Dekor Reassures Ogoni People
    2 years ago
    Latest News
    EU, ADC Parley: Calls for Electoral Reforms To Guarantee Free, Fair, Credible Polls In Nigeria
    3 days ago
    NSC Chairman To Engage With Youth And Sports Stakeholders At The Nest Centre
    2 months ago
    Edo District Bye-election: SDP Candidate, Hon. Isidahomhen Promises To Pursue Best Interest Of Esanland 
    2 months ago
    PHOTOS: Vinod Obasa Takes Oath Of Office
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    Anambra Traditional Ruler For Burial 9 October
    4 days ago
    Lagos Hosts Eko Skills Development Initiative For Youths
    6 days ago
    October 1: Nationhood Must Translate Into Better Living Conditions For Nigerians, CAPPA Tells FG
    1 week ago
    EX-APC Chairman Sad Over Bandit Killings In Oke-Ode And Other Parts Of Kwara 
    1 week ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Temi Otedola Makes Her Stage Debut In Motherland The Musical
    3 years ago
    Discover Exciting Programmes with Ease on GOtv
    2 years ago
    Nigerian Afrobeat Artiste WONDA Drops Captivating Summer Anthem ‘Ibiza’
    2 years ago
    Latest News
    GOtv Stream vs. Traditional TV: Why Viewers Are Loving the Flexibility
    2 weeks ago
    Securing Africa’s Digital Future: Entertainment in Safe Hands
    2 weeks ago
    BBNaija S10: Joanna, Mide, and Isabella Clash as Denari and Tracy Exit the House
    3 weeks ago
    Akamai Adaptive Media Player 2: Bitmovin And Akamai Set New Streaming Standard
    4 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Sanwo-Olu Receives TAMPAN Award
    8 months ago
    Radisson Hotel Group Announces Three New Hotels In Nigeria
    2 years ago
    Fanti Carnival Returns To Lagos This Easter Sunday
    6 months ago
    Latest News
    Ambassador Raffy Bello Greets Imperial Majesty, Ooni Enitan-Ogunwusi, As Olojo Festival Begins In Ile-Ife
    2 weeks ago
    Preserving African Culture: Polaris Bank , Chivita, And Danone Support CIKDAS’ Youth Literary Initiative
    1 month ago
    Nigeria, Switzerland Takes Major Steps Towards Repatriation Of Artifacts And Cultural Cooperation
    1 month ago
    Archbishop Ugorji Hails St. Helen’s Choir As One of the Best Choirs in Owerri Archdiocese
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Unity Bank Shareholders Approve Merger With Providus Bank
    2 weeks ago
    Yomi Joseph Digital Pr Launches 360° Marketing Solutions To Transform Brands Into Industry Leaders
    2 weeks ago
    Gov Abiodun Showcases Ogun Investment Opportunities At AfCFTA In Algeria
    4 weeks ago
    Intra-African Trade Fair
    Nigeria To Host Intra-African Trade Fair In 2027
    1 month ago
    Bank of Agriculture
    How Nigeria-Brazil Pact Will Boost Agricultural Investment, Food Security – BOA
    1 month ago
  • Health
    Health
    Show More
    Top News
    WHO
    WHO Gives Nigerian Laboratory Full Accreditation To Fight Measles And Rubella
    3 years ago
    European Union Allocates N75m To Prevent Spread Of Diphtheria In Nigeria
    3 years ago
    US Govt Must Heed Lessons Of PEPFAR – AIDS Society Warns
    2 years ago
    Latest News
    2025 World Pharmacist Day: Lagos Takes Healthcare To Ikorodu Communities
    1 week ago
    World Heart Day: Adopt Healthy Food Policies, CAPPA Tasks FG, States
    1 week ago
    Lagos Takes Fight Against HIV To Communities
    2 weeks ago
    Nigeria’s Health Financing: Lessons From Canada’s $32.5bn Tobacco Settlement
    2 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: COP28 President-Designate Rallies Oil And Gas Industry To Decarbonize
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > International > COP28 President-Designate Rallies Oil And Gas Industry To Decarbonize
International

COP28 President-Designate Rallies Oil And Gas Industry To Decarbonize

Last updated: 2023/10/04 at 4:20 PM
2 years ago
Share
SHARE

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 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.

Dr. Al Jaber issued his call to action at the beginning of the 2023 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), 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.

- Advertisement -
Ad imageAd image

Setting off the event which runs from 2-5 October, Dr. Al Jaber said that “This industry can and must help to drive the solutions. For too long, this industry has been viewed as part of the problem, that it is not doing enough and, in some cases, even blocking progress. This is your opportunity to show the world that, in fact, you are central to the solution.”

Noting the scale of the climate challenge, Dr. Al Jaber stated that “the world must reduce emissions by at least 43% over the next 7 years to keep 1.5 within reach. And that is our north star. It is our destination. It is simply respecting the science. And we must do this while also ensuring human prosperity by meeting the energy needs of the planet’s growing population.”

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.’

Discussing the immediate steps that he expects the oil and gas industry to take, Dr. Al Jaber noted that “Eliminating methane leaks and flaring is the fastest way to make the biggest impact on operational emissions in the short term.”

Dr. Al Jaber also noted the critical role that the oil and gas industry has in scaling up renewables, highlighting how they represent “an opportunity for this industry to diversify and future proof its business models.” Acknowledging that intermittency meant renewables were not a viable solution for heavy emitting industries, Dr. Al Jaber emphasized the need to find low-carbon solutions to decarbonize 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 his intention to underpin everything at COP28 with full inclusivity, Dr. Al Jaber said that “everyone must be around the table to make the transformational progress needed, and especially the energy industry. No other industry has the same ability to manage complexity, depth of knowledge, engineering talent, technology, capital, and scale that is needed for the task at hand.”

Dr. Al Jaber also outlined his vision to “reimagine the relationship between producers and the heaviest consuming countries and sectors. Since March, I have been convening heavy emitting sectors alongside the energy industry, governments, civil society, NGOs, scientists, technologists and the financial community to accelerate decarbonization.”

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.”

Concluding his remarks, Dr. Al Jaber said that “It’s time to turn rhetoric into results, ambitions into action, pilots into scalable projects. It is time to Unite, it is time to Act, and it is time to Deliver.”

Dr. Al Jaber’s speech came a day after hosting a “Changemakers Majlis”, a pioneering CEO-level gathering with representatives from the energy, cement, heavy transportation, steel and aluminum sectors to develop and drive actionable solutions to the energy transition. Collaboration focused on commercializing the hydrogen value chain, scaling carbon capture technologies, eliminating methane from energy, increasing renewables in grids, and biofuels as an enabler of decarbonization.

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.

You Might Also Like

4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development

AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa

North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel

How Wars Across Middle East, North Africa Affecting Children – UNICEF

UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil

TAGGED: COP28, Dr. Sultan Al Jaber
INadminNG October 4, 2023 October 4, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Two Lagos Karate Athletes Make List Of Talent Discovered At Asaba 2023 NYG
Next Article 2024 Abuja City International Half Marathon Premium Trust Bank Emerges Headline Sponsor of 2024 Abuja City International Half Marathon
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?