PetroChina signs on to the Oil & Gas Decarbonization Charter; Member companies comprising 42% of global oil production committed to joint efforts in reducing carbon emissions

Dr. Sultan Al Jaber, COP28 President, said: Dr.Sultan Al Jaber,COP28President, said: "We launched the Oil & Gas Decarbonization Charter atCOP28in recognition of the need for inclusivity and transparency. We must bring everyone in to be accountable and responsible for climate action, and that includes including oil & gas companies into the conversation and making them active drivers of practical solutions to keep 1.5C within reach."  Huang Yongzhang, President of...

WUHAN, China, 22/07/2024 (informazione.it - comunicati stampa - energia)

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Launched at COP28 in Dubai , the OGDC aims to accelerate the oil and gas industry's decarbonization, in line with the goals of the Paris Agreement. The OGDC is part of the Global Decarbonization Accelerator (GDA), a series of landmark initiatives designed to speed up the energy transition and drastically reduce global emissions unveiled at COP28 .

All Signatories to the Charter commit to working towards a set of ambitions, including meeting emissions targets and investing in the energy system of the future. They also commit to measuring emissions and publicly reporting their progress towards meeting the OGDC's goals, as well as improving transparency and collaboration. OGDC Signatories include international oil companies, national oil companies (NOCs) and independent producers. NOCs are owned by their national governments and control 60% of the world's oil and gas producers. This positions them as essential drivers of industry-wide shift towards a lower-carbon future. With two-thirds of OGDC Signatories being NOCs, the potential for significant emissions reduction is substantial.

The OGDC provides a platform for Signatories, industry partners and organizations to collaborate and share industry knowledge and best practices. Since its launch, the OGDC Secretariat has developed a structure training program focusing on high-impact priorities. For 2024, priorities include reducing methane emissions and flaring, decarbonization strategies and reporting GHG emissions.

 

 

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