A call to join the Charter for the Decarbonization of Oil and Gas, proposed by the presidency of the Conference of the Parties on Climate Change (COP28), dominated the morning’s proceedings today.

In the debate dedicated to the topic, the chairman of the Oil and Gas Climate Initiative (OGCI), Bjørn Otto Sverdrup, called for joining the proposal and noted that the Charter «has scale, scope and is action-oriented.»

He added that it is a unique opportunity to influence climate action and accelerate the energy transition, and reaffirmed the OGCI’s commitment to work with signatories to make the path easier.

In this regard, UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei acknowledged that those who join will have to make significant investments, but stressed that working together can help the process.

He recalled the importance of this action because of the direct impact on global warming of greenhouse gas emissions and called for more companies to rally around the Charter for the Decarbonization of Oil and Gas.

«We need inclusion, continue working, 50 companies are not enough, we need each of the producers involved,» he stressed, and added that greater commitments are required, so they will work more to include other companies.

Today at COP28 is dedicated to energy, so there will also be a high-level round table on hydrogen.

According to the official COP28 website, 39 countries have endorsed the Declaration of Intent on Hydrogen to pursue mutual recognition of hydrogen certification systems.

According to the Climate Change Adaptation Gap Report presented at COP28, progress in this area is slowing down when it should be accelerating in order to cope with the growing impacts of climate change.

Meanwhile, the report on emissions concluded that the world is headed for a temperature rise well above the Paris Agreement targets unless countries deliver more than promised.