Page 44 - Baker Hughes REPORT - OCTOBER 2023

10/9/23, 5:45 PM COP28 President-Designate calls on energy and hard-to-abate industries to work together to drive decarbonisation
COP28 President-Designate calls on energy and

hard-to-abate industries to work together to drive

decarbonisation

Sun 01-10-2023 19:03 PM

ABU DHABI, 1st October, 2023 (WAM) -- Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and
Advanced Technology and COP28 President-Designate, today convened a special meeting of industry leaders
from the oil & gas, cement, steel, aluminium, and heavy transportation sectors to work together to drive
global decarbonisation efforts.

“The energy transition is underway – but decarbonisation will be faster if we all work together,” Dr. Al Jaber
told participants in Abu Dhabi at the COP28 Changemakers’ Majlis: Fast-Tracking the Energy Transition.
“Cross-sector collaboration will be indispensable.”

The Majlis was a pioneering gathering bringing together the biggest industries, energy producers, technology,
finance and investment for the first time to collaborate on fast-tracking a just and orderly energy transition
across both the supply and demand of energy.

As Dr. Al Jaber described to attendees, a “Majlis” is an Arabic term that means sitting room, or a place where
people come together to discuss shared interests. A Majlis serves an important role both in the home and for
business meetings in the UAE and the Arab world.

Taking place the day before the start of the 2023 Abu Dhabi International Petroleum Exhibition Conference
(ADIPEC 2023), the event was attended by H.H. Sheikh Hamed bin Zayed Al Nahyan; and John Kerry, US
Special Presidential Envoy for Climate, and was moderated by Dr. Daniel Yergin, Vice Chairman, S&P
Global.

US Special Presidential Envoy for Climate John Kerry addressed the attendees, calling for action to eliminate
methane pollution from the energy sector by the end of this decisive decade and urging additional ambition
that recognises the urgency of the challenge and meets the moment.

Responding to the Global Stocktake, Dr. Al Jaber stated, “We know that we are not on track; we need to
deliver a 43 percent emission reduction by 2030. I believe we can only keep 1.5 within reach if we are
willing to collaborate.”

Dr. Al Jaber highlighted that the production of oil and gas, cement, steel and aluminum account for around a
quarter of all global carbon emissions. These sectors “can collaborate to accelerate decarbonisation by
https://wam.ae/en/details/1395303203359#:~:text=ABU DHABI%2C 1st October%2C 2023 %28WAM%29 -- Dr.,to work together to drive global d… 1/3