COP28 President Sultan Al Jaber receives Sierra Energy Leadership Award

March 23, 2024

Sultan Al Jaber was recognized with the ‘CERAWeek Leadership Award for Building Global Consensus towards a Sustainable Energy Future’ for his role in bringing Parties together to deliver the UAE Consensus.
Al Jaber was presented the award by Daniel Yergin, Vice Chairman of S&P Global and CERAWeek conference chair.
The UAE Consensus delivered a series of firsts focused on keeping 5°C within reach. The commitment from all Parties to transition away from fossil fuels in a just, orderly and equitable manner; targets to expand renewable energy with a goal to triple global capacity, and the objective to double energy efficiency by 2030.
In his acceptance remarks, Dr. Al Jaber said “Last year… I delivered a clear call to action for oil and gas to step up. In fact, I said, ‘Houston, we have a problem’. Today, I am pleased to say that in Dubai at COP28 this industry proved that they are essential to the solution.”
During COP28 the Presidency launched the Oil and Gas Decarbonization Charter (OGDC), in his address Al Jaber welcomed the “good news” that the China National Petroleum Corporation, which represents 3.8 percent of global oil production, will soon join the OGDC, increasing the ratio of oil production represented to 44 percent.
Al Jaber stressed the need to leverage finance and new technologies, highlighting that the roadmap of the UAE Consensus must be met with “smart policies to commercialize clean technologies” and coupled with financing to meet the huge opportunity that the energy transition presents for businesses and the climate.