New Delhi The global oil and gas industry needs to align with net-zero emissions by 2050, and ensure there are zero emissions of methane and routine flaring is eliminated by 2030, Sultan Al Jaber, president-designate of the United Nations climate summit (COP 28) to be held later this year, urged on Monday.
Al Jaber, who is also CEO of Abu Dhabi National Oil Company, welcomed action by over 20 oil and gas companies to take steps to fight climate crisis.
“Economies currently run on the equivalent of 250 million barrels of oil, gas, and coal every single day, which we need to either replace or decarbonise,” he said at the Abu Dhabi International Petroleum Exhibition & Conference.
