DUBAI (Reuters) – The oil and gas industry needs to achieve net-zero emissions by or before 2050 while an industry-wide commitment to reach near-zero methane emissions by 2030 needs to be accelerated, the United Arab Emirates’ incoming COP28 president, Sultan Ahmed al-Jaber, said on Thursday.
“The phase down of fossil fuels is inevitable. It is in fact essential. But it cannot be irresponsible,” Jaber added.
(Reporting by Maha El Dahan; Writing by Nadine Awadalla; Editing by Toby Chopra)
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