On May 29th, OPEC issued a statement endorsing the UAE’s COP28 Presidency. “The UAE”, it read, “is recognized as a global leader in addressing energy challenges, climate change, and sustainable development through significant investments in renewables and emission-reducing technologies. Dr. Al Jaber, Chairman of Masdar and Group CEO of ADNOC, is esteemed as a global energy leader.” The statement also underlined how Al Jaber’s expertise and leadership in both organizations position the UAE well for productive and inclusive discussions at COP28, emphasizing the importance of a just energy transition. OPEC’s endorsement of the UAE’s leadership comes amid slagging oil prices necessitating the need for cohesion among the group’s members.
- OPEC offers its full support to the UAE COP28 Presidency