More than 20 firms across the oil and gas sector and heavy industry have agreed to reduce emissions at the UN’s COP28 climate summit, with more expected to join before the conference takes place late November, its president said on Monday.
COP28 President Sultan al-Jaber said more than 60 top executives from the oil and gas, cement, aluminium and other heavy industries agreed on a firm commitment to cut carbon emissions ahead of the United Nations climate summit next month.
“I will launch my programme at COP, and those who want to be seen as a responsible, reliable and committed energy player… this is the day that they need to judge: which camp do you want to be in?” Jaber told Reuters in an interview.
The climate summit is scheduled to take place in Dubai between Nov. 30 and Dec. 12. Jaber has called for the summit to bring together all stakeholders, including in the fossil fuel industry.
During this edition, oil and gas representatives will be represented. They were shut ofthe 2021 U.N. climate change summit in Scotland.
Al Jaber said during his interview that a fund that countries agreed to launch at last year’s climate summit in Egypt to help poor countries deal with the irreversible damage caused by climate disasters will be put into operation during COP28. However, countries are split on how to design this fund.
