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Opec's UAE Braces for COP Challenge

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Sultan Ahmed al-Jaber

As Opec’s third-largest oil producer and the host of this year's COP28 climate summit, the United Arab Emirates will be challenged to address the energy industry's "trilemma" — the simultaneous need for energy security, affordability and sustainability. This year’s COP will assess progress against the decarbonization goals of the 2015 Paris Agreement, but energy security and affordability are likely to remain high on the political agenda. The UAE and other oil producers will be keen to emphasize the importance of addressing the current crisis, including the role of low-carbon oil and gas in the energy transition. Speaking to Energy Intelligence on the sidelines of an industry event in Abu Dhabi this week, UAE Energy Minister Suhail al-Mazrouei said oil producing states cannot just “forget” about their hydrocarbon resources, which can help with energy affordability. “We are at a transition and in order for that transition to be successful, we need to have an [energy] baseload that’s affordable," he said. At the same time, he said the UAE remains "very committed to sustainability and to installing more renewable energy.”

Topics:
CO2 Emissions, Low-Carbon Policy, Oil Supply, Hydrogen, Renewable Electricity
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