Head of Abu Dhabi National Oil Company pushes for investment in decarbonisation
Sultan al-Jaber, president-designate of COP28 and head of the Abu Dhabi National Oil Company ‘We’ve had 27 COPs. Please let me deliver something tangible this time’email rounding up the latest COP28 news every morning.
Adnoc said in July it would aim to achieve net zero emissions from its operations by 2045 rather than 2050 and cut methane emissions to zero by 2030, although it is investing just 10 per cent of its capital spending over the next four years on decarbonisation. Jaber said COP28, which will take place in November and December, could lead to big changes to the global energy system. As well as the oil and gas initiative, Jaber is also pushing for countries to reach a collective agreement to triple renewable energy capacity by 2030.
Jaber has previously set a “mid century” timeline for the phase down of fossil fuels used without their emissions being captured, known as unabated fossil fuels. The EU and other countries are pushing for an agreement to be made at COP28 on ditching fossil fuels.Why Rishi Sunak thinks his net zero gamble will revive Tory prospects
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