The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) will be held in Dubai, United Arab Emirates from November 30 to December 12, 2023. This year’s conference is a critical moment for global climate action, as it will be the first opportunity for member countries to take stock of their progress on the Paris Agreement since it was adopted in 2015.
The Paris Agreement aims to limit global warming by containing the temperature increase within 2 degrees Celsius, while making efforts to further limit the temperature increase to 1.5 degrees Celsius, with reference to the pre-industrial levels. To achieve the goal, countries must significantly reduce their greenhouse gas emissions.
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COP28 is expected to be a transformational conference, where nations will come together to agree on ambitious new climate targets and policies. The conference will also focus on mobilizing finance for climate action, and addressing the needs of vulnerable countries that are disproportionately affected by climate change.
The UAE is a major oil & gas producer, but it is also a leader in renewable energy. The country has set a goal to achieve net-zero emissions by 2050, and it is investing heavily in solar and wind power. The UAE is also working to reduce its reliance on fossil fuels by improving energy efficiency and developing new technologies.
In a major step towards enhancing environmental sustainability, the state-owned oil company of the UAE, ADNOC (Abu Dhabi National Oil Company) has brought forward its target date for achieving net zero greenhouse gas emissions by five years to 2045, up from 2050. The Company has also committed to achieving zero methane emissions by 2030.
The oil giant recently revealed its upstream carbon intensity, which is among the lowest in the world at 7 kilograms CO2 equivalent per barrel of oil equivalent. ADNOC aims to cut its greenhouse gas (GHG) emission intensity by 25%, as well as boost carbon capture, utilization, and storage capacity by 500% by 2030. The Company recently also announced to further cut its carbon intensity by 25% by 2030.
An active supporter of global climate action, UAE also provides financial assistance to developing countries to help them transition to clean energy, while also collaborating with nations to develop environmental-friendly technologies and reduce emissions. The country’s ambitious goals and investments in renewable energy are setting an example for other countries, while the support for climate action in other countries is helping to create a huge positive impact on global climate and environment.
Hosting COP28 will lend impetus to the UAE’s commitment to climate action while building momentum for the global progress. To be monitored closely by the international community, the conference is expected to be a major turning point in the fight against climate change, and the UAE is set to play a key role, leaving no stone unturned towards making the Conference a grand success.
Some of the key topics that are likely to be discussed at COP28 include:
· Accelerating emissions reduction from key economic sectors including energy, transportation, industry, and agriculture.
· Reforming land use to reduce emissions and protect forests.
· Transforming food systems to reduce emissions and improve food security.
· Mobilizing finance to support climate action, both domestically and internationally.
· Operationalizing loss and damage, to help countries that are already suffering from the impacts of climate change.
· Making COP28 the most inclusive conference possible, by ensuring that all voices are heard, including those of women, youth, and indigenous peoples.
At Entourage, we are fully committed to contribute towards the successful conducting of the COP28. As a leading company for organizing events and conferences in the GCC region, we pledge our full support and cooperation, working in close coordination with the UAE government and other stakeholders, to ensure that COP28 is a successful and productive conference that will help to advance the fight against climate change.