Dr. Sultan Al Jaber's Leadership and the UAE Consensus: A Milestone in Climate Action
| Category | Details |
|---|---|
| Event | Dr. Sultan Al Jaber, President of COP28, receives the CERAWeek Leadership Award for Sustainable Energy Future. |
| Awarding Body | CERAWeek by S&P Global |
| Recognition | Leadership in delivering the UAE Consensus, a landmark climate agreement. |
| UAE Consensus Highlights | - Transition away from fossil fuels in a just, orderly, and equitable manner. |
| - Time-bound targets to triple renewable energy capacity and double energy efficiency by 2030. | |
| - Inclusive approach involving governments, industries, civil society, and stakeholders. | |
| Oil and Gas Decarbonization Charter (OGDC) | - Launched during COP28. |
| - Signed by 52 companies representing almost 40% of global oil production. | |
| - Commitments: Net-zero emissions by 2050, eliminate routine flaring by 2030, reduce methane emissions to zero by 2030. | |
| Key Focus Areas | - Commercializing clean technologies and mobilizing finance. |
| - Increased climate finance to support renewable energy targets and assist developing countries. | |
| Economic Opportunity | Dr. Al Jaber emphasized the socio-economic opportunities of the energy transition for businesses and climate action. |
| Impact | The UAE Consensus provides a clear roadmap for global climate action and sustainable development. |