The UN climate talks hosted in Dubai this month will shine a bright light on the pivotal role national oil companies, like UAE’s Abu Dhabi National Company (ADNOC), can and ultimately must play in the fight against climate change – particularly the urgent need to reduce methane emissions from the oil and gas supply chain.
A recent report from UNEP and partners states that the world must decrease global oil and gas production and consumption by 18% by 2030. From 2020 to 2050, oil and gas must decrease by 67% and 54%, respectively. This implies a reduction in fossil fuel-related infrastructure, notably a halt in new exploration and early retirement of the most polluting fields. Dramatically reducing our use of oil and gas is of primary importance, yet the dogged persistence of hydrocarbons in the global energy mix necessitates a laser focus on reducing operational…
Read the full article originally published at business.edf.org.