COP28 President-Designate Urges O&G Companies to Step Up Decarbonization

COP28 President-Designate Urges O&G Companies to Step Up Decarbonization

/ News & Interviews / Tuesday, 03 October 2023 05:43

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, during his opening speech for ADIPEC 2023 in Abu Dhabi.

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 national and international oil companies (IOCs and NOCs), which have “positively answered the call” to take the challenging  yet 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 decarbonize further and faster.”

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.”

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.”

ADIPEC 2023 Begins

ADIPEC 2023 opened its doors on Monday, 2 October, gathering the global energy industry to advance decarbonizing today’s energy system and to collaborate on the energy system of tomorrow.

Featuring a rich exhibition program that covers energy-related technology, innovation, collaboration, and digitalization, ADIPEC 2023 is expected to attract more than 160,000+ attendees from 164 countries for its biggest edition ever.

ADIPEC builds on its nearly 40-year legacy of innovation to showcase and platform the cutting-edge technologies and systems critical to achieving the global energy transition. Companies from across the energy ecosystem will showcase the innovations and technologies driving the industry’s journey to Net Zero, including direct air capture (DAC), carbon capture, utilisation and storage (CCUS), green hydrogen electrolysers, power-to-x, artificial intelligence (AI) and the Industrial Internet of Things (IIoT).

The ADIPEC Exhibition will enable visitors to connect with over 2,200 global companies across 16 exhibition halls and 30 country pavilions, making it an ideal platform to drive business growth through its invaluable opportunities for cross-sectoral networking, deal-making, and knowledge exchange.

This year, ADIPEC also includes four specialized areas focused on facilitating cross-sector collaboration and game-changing partnerships – Decarbonization Accelerator, Maritime & Logistics Zone, Digitalization in Energy Zone, and Manufacturing & Industrialization Exhibition & Conference. The Maritime & Logistics Zone is located in the dedicated Marina Hall, which also includes the Maritime & Logistics Technical and Strategic Conferences.

Visitors can also attend Innovation Sessions, where industry experts will share insights on new ways of thinking and working that are driving decarbonization at scale and pace. Split across three dedicated tracks – Decarbonization, Maritime and Logistics, and Digitalization in Energy – the sessions are designed to facilitate solution-orientated dialogue in a curated programme format. They are complemented by the Cross-Sector Co-Lab Programme, where visitors can explore the cross-industry partnerships that are accelerating the energy transition.

Christopher Hudson, President of dmg events, organisers of ADIPEC 2023 said, “ADIPEC 2023 has something for everyone in the energy industry. Whether you are looking for insights on how to leverage digital technologies for greater operational efficiency, want to learn about the policies impacting the energy transition or find out about green finance and investment opportunities, ADIPEC is where to be.”

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