{"id":269130,"date":"2023-12-02T18:00:17","date_gmt":"2023-12-02T18:00:17","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=269130"},"modified":"2023-12-04T06:06:53","modified_gmt":"2023-12-04T06:06:53","slug":"global-initiative-launched-to-accelerate-climate-action-in-oil-and-gas-sector","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2023\/12\/global-initiative-launched-to-accelerate-climate-action-in-oil-and-gas-sector\/","title":{"rendered":"Global Initiative Launched to Accelerate Climate Action in Oil and Gas Sector"},"content":{"rendered":"<div class=\"news_content\">\n<p class=\"heading_small\">COP28 President Dr. Sultan Al Jaber and the Kingdom of Saudi Arabia have announced the official launch of the Oil and Gas Decarbonization Charter (OGDC), signifying a significant step towards expediting global climate action efforts.<\/p>\n<p>The OGDC, a dedicated initiative for the oil and gas sector, aims to induce substantial impact in addressing climate challenges. Currently, 50 companies, collectively responsible for over 40 percent of global oil production, have committed to the OGDC. Notably, National Oil Companies\u00a0 have shown historic participation, constituting over 60 percent of the total signatories, marking a noteworthy shift towards decarbonization within this sector.<\/p>\n<p>The OGDC is integral to the Global Decarbonization Accelerator (GDA), introduced at the World Climate Action Summit on December 2. The GDA focuses on three primary pillars: scaling the energy system of the future, decarbonizing the present energy system, and addressing methane and other non-CO2 greenhouse gases. This strategic plan aims for a comprehensive and simultaneous transformation of both energy demand and supply.<\/p>\n<p>-Vinod Kumar (Dubai)<\/p>\n<\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2023\/12\/global-initiative-launched-to-accelerate-climate-action-in-oil-and-gas-sector\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>COP28 President Dr. Sultan Al Jaber and the Kingdom of Saudi Arabia have announced the official launch of the Oil and Gas Decarbonization Charter (OGDC), signifying a significant step towards expediting global climate action efforts. The OGDC, a dedicated initiative for the oil and gas sector, aims to induce substantial impact in addressing climate challenges. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":269131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,4,44],"tags":[8446,7360,8447,8445,164],"class_list":{"0":"post-269130","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-india","8":"category-music","9":"category-world","10":"tag-climate-action","11":"tag-cop28","12":"tag-gas-sector","13":"tag-global-initiative","14":"tag-india"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global Initiative Launched to Accelerate Climate Action in Oil and Gas Sector<\/title>\n<meta name=\"description\" content=\"COP28 President Dr. Sultan Al Jaber and the Kingdom of Saudi Arabia have announced the official launch of the Oil and Gas Decarbonization Charter (OGDC), signifying a significant 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