The upcoming COP28 summit will be hosted by the fossil-fuel rich United Arab Emirates. It will be chaired by President Designate, Sultan Al Jaber, the Chief Executive Officer of Abu Dhabi National Oil Company.
He has highlighted a phase-down of fossil fuels will be critical (notably, not a phase-out) and he plans to announce a global decarbonisation alliance for the energy sector. abrdn expect the summit to focus on operational emissions and not those that relate to oil and gas products – despite the latter having a significant impact on emissions and the United Nations' (UN) climate goals.
So a big question looms over COP: can alternative technologies aid a credible oil and gas transition?
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