COP28 President calls for sustainable development solidarity

Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and COP28 President has called on stakeholders that delivered the UAE Consensus to come together for sustainable socio-economic development.

Speaking at the eighth Ministerial on Climate Action (MoCA) the COP28 President told ministers to draw from its "spirit of solidarity" to implement the UAE Consensus. 

Al Jaber also called on countries to submit Nationally Determined Contributions (NDCs) that, “cover everything from decarbonisation to deforestation,” during the event in Wuhan, China.

“We are pushing every country to turn its NDC into a practical plan that transforms the UAE Consensus into facts on the ground. These plans should be comprehensive and balanced across mitigation, adaptation and means of implementation,” he said.

The UAE Consensus has become a defining point of reference for global climate ambition and sustainable development, since its inception during COP28, held in the UAE last December. 

PetroChina, which accounts for 3.5 percent of global oil production, has joined the Oil and Gas Decarbonisation Charter (OGDC), which was launched at COP28 to accelerate decarbonisation in the sector.

PetroChina joins 52 other companies, representing roughly 40 percent of global oil production, in the OGDC – with National Oil Companies accounting for over 60 percent of signatories, the most ever to commit to a decarbonisation initiative.

The OGDC calls for the industry to align around net zero by or before 2050, zero-out methane emissions by 2030, eliminate routine flaring by 2030, work towards industry best practices in emission reduction, and invest in the energy system of the future.

Dr. Al Jaber said PetroChina joining the Charter marks a “significant moment for Chinese leadership” and “sends a powerful signal to global companies yet to sign up to do the right thing and choose the right side of history.”