Page 48 - Baker Hughes REPORT - OCTOBER 2023
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10/9/23, 5:45 PM COP28: Al Jaber calls on energy and hard-to-abate industries to work together to drive decarbonisation
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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 working on infrastructure, technology, policy and finance together,” he said. “The
world is watching and waiting for real, actionable progress across all sectors ─ and the energy and
hard-to-abate industries have a critical role to play.”
The Majlis event included dedicated breakout sessions to develop and drive actionable solutions to
the energy transition, focused on the themes of commercialising the hydrogen value chain; scaling
carbon capture technologies; eliminating methane from energy; increasing renewables in grids; and
biofuels as an enabler of decarbonisation.
Participants discussed how hydrogen holds the greatest promise for a fuel that will enable steel,
cement and aluminum plants around the world to eliminate their greenhouse gas emissions but
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