A top oil company CEO who will lead international climate talks later this year told energy industry power players on Monday that the world must cut emissions 7% each year and eliminate all emissions of the greenhouse gas methane — strong comments from an oil executive
later this year told energy industry power players on Monday that the world must cut emissions 7% each year and eliminate all emissions of the greenhouse gas methane — strong comments from an oil executive.
Al-Jaber singled out electricity, cement, steel and aluminum as targets for cleanup, but not trucks, cars, trains and aircraft. He called for far greater investment to speed the transition to cleaner industries. Al-Jaber did not call for the phasing out of oil and gas production and use, something that scientists and advocates have been demanding unsuccessfully over repeated COPs, short for Conference of the Parties, where nations meet to make climate commitments.
The United Arab Emirates leader said his country was first in its region to commit to the Paris climate agreement, and to set a pathway to net zero emissions. But its emissions in 2021 were up, not down, 3% from the year before, according to the Global Carbon Project. They were however 6% below the country’s peak in 2015. According to Climate Action Tracker, UAE has an overall rating of “highly insufficient,” meaning its projected emissions are not in line with limiting warming to 1.
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