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Energy Transition

Tripling global renewable power generation capacity by 2030 is one of the pillars agreed. (Image source: Adobe Stock)

The COP28 and International Energy Agency (IEA) High-Level Dialogues, co-chaired by COP28 resident Dr Sultan Al Jaber and Dr Fatih Birol, executive director of the IEA, concluded with strong consensus on the key elements of the energy transition 

ADNOC and SOCAR will collaboration on blue hydrogen, carbon management and geothermal technologies. (Image source: Adobe Stock)

ADNOC and the State Oil Company of Azerbaijan Republic (SOCAR) have signed an agreement to collaborate on the potential development of low carbon energy technologies

The initiatives announced at COP28 will help to accelerate the commercialisation of hydrogen and the development of cross-border hydrogen trade. (Image source: Adobe Stock)

A number of flagship initiatives have been launched at a COP28 High-level Roundtable on Hydrogen to accelerate commercialisation of hydrogen and the development of cross-border value chains for hydrogen and its derivatives

50 oil and gas companies have signed the OGDC. (Image source: Adobe Stock)

Under the Global Decarbonisation Accelerator (GDA) announced at COP28, 50 companies, representing more than 40% of global oil production, have signed the Oil and Gas Decarbonization Charter (OGDC), committing to near-zero upstream methane emissions, ending routine flaring by 2030, and total net-zero operations by 2050 at the latest

Bahrain has unveiled its National Energy Strategy, with the objective of achieving a 30% reduction in emissions by 2035 and net-zero emissions by 2060, in line with its COP26 goals

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