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Macro Trends

Big Debate Awaits UAE at COP28

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  • The appointment of Sultan al-Jaber, CEO of Abu Dhabi National Oil Co., as chair of the COP28 climate conference later this year has kickstarted debate over the United Arab Emirates’ hosting of the event.
  • Expect the UAE to continue to make a strong push for a faster rollout of renewables, hydrogen, carbon capture and storage (CCS) — and more.
  • Key is whether the UAE can reconcile the divergent interests of fossil fuel producers and those demanding faster emissions reductions starting this decade.

November’s COP27 climate conference in Egypt ended with unfinished business. Lobbying from oil producers stalled moves to tighten language on phasing out fossil fuels and incorporated a new role for “low-emission” energy in the final statement. But advocates of tougher action are expected to resume their efforts at COP28 in Dubai.

Topics:
Policy and Regulation, CO2 Emissions, Carbon Capture (CCS), Renewable Electricity
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