Top executives from major oil and gas companies, as well as heavy industries, engaged in discussions in the UAE on Sunday, aiming to reach a stringent commitment to reduce carbon emissions ahead of the United Nations Climate Change Conference (COP 28) scheduled for next month.
COP 28, slated to take place in Dubai at the end of November, is seen as a critical opportunity for governments to expedite actions to mitigate global warming, as reports suggest that countries are currently falling short of meeting their pledges to limit global temperature rise to 1.5 degrees Celsius above pre-industrial levels.
Adnan Amin, the CEO of COP 28, remarked, “What we accomplished today is entirely unprecedented in the COP process, bringing together both supply and demand sides concerning emissions,” according to Reuters.
The objective is to encourage key industry players to commit to carbon removal initiatives that can contribute significantly to reducing the phenomenon of global warming, amin added, “We hope to achieve this agreement before COP 28.”