Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27)

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Decarbonization Day

11 November, 2022
02:19 PM
11 November, 2022
09:32 PM

Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, and the US presidential envoy for climate, Mr. John Kerry, inaugurated on Friday morning 11/11/2022 the activities of the Decarbonization Day within the framework of the United Nations Climate Summit COP27 currently being held in Sharm El-Sheikh,

This is the first time such an event is included in a climate conference or summit

The event focuses on the role played by the oil and gas industry at the present time to provide energy supply in an environmentally responsible manner and reduce carbon emissions resulting from activities using modern means and technologies.

The agenda of the day includes discussion panels about the efforts of the oil and gas industry to reach neutral carbon, the challenges of this target and the commitments to increase the ambitions in this regard. 

The opening session includes John Kerry U.S. Special Presidential Envoy for Climate, Tarek El Molla, the Minister of Petroleum and Mineral Resources, Ahmed Samir, the Minister of Trade and Industry, as well as Gerd Müller, the Director General of the United Nations Industrial Development Organization (UNIDO).

The session also features Daniele Violetti, the Senior Director of Programmes Coordination at the UNFCC, Christian Bruch, CEO of Siemens Energy, and Amani Abou Zeid, Commissioner for Infrastructure, Energy & Digitalisation.

It will be moderated by Carlos Pascual, Senior Vice President for Global Energy and International Affairs at S&P.


Decarbonization Day

Decarbonization Day provides an opportunity to discuss such approaches and policies, and to showcase technologies with an aim to encourage and facilitate the much-needed transition and paradigm shift towards a low carbon economy.

Since the adoption of the Paris Agreement and all the way to Glasgow in 2021, several energy intensive sectors and companies have come forward with plans and policies and actions aiming to reduce their carbon footprints and to gradually move towards decarbonization.

In this respect, Technologies are emerging as potential solutions to reduce carbon in the atmosphere. 

Decarbonization Day Agenda

The Decarbonization Day features the holding of a number of sessions:

1- The Decarbonization Challenge

This session will introduce the scope & objectives of Decarbonization Day: sharing progress and inspiring further action to decarbonize hard-to-abate sectors, and identifying new technologies to that end, with a sectoral focus on Oil & Gas, Steel and Cement.

It highlights that decarbonizing high emitting sectors is critical to mitigate global warming. Oil & Gas, Steel and Cement are three of the most carbon-intensive industries, their direct emissions representing more than 1/4 of global CO2 emissions.

2- Accelerating the way towards Decarbonizing the Steel Industry

This session highlights and encourages increased support for the global initiatives that are spearheading efforts to decarbonize steel.

It features that steel is among the most carbon-intensive and hardest-to-abate industries. It is also essential to the development and improvement of living standards in the developing world.

3- From Commitments to Action: The Oil & Gas Industry’s Decarbonization Journey

This session discusses the best industry practices including new technologies and discuss policy enablers to encourage the industry’s decarbonization.

It highlights that the Oil & Gas industry’s operational emissions account for more than 10% of global CO2 emissions. While supporting the transition to lower-carbon alternatives, it is critical for Oil & Gas companies to also decarbonize their operations rapidly: reducing methane leaks, venting and flaring; improving energy efficiency; using renewable power and CCUS. 

4- Towards a Decarbonized Fertilizers Industry Towards a Decarbonized Fertilizers Industry

This session discusses pathways to develop green fertilizers to sustain low-carbon, affordable and secure agriculture, esp. in the developing world.

It highlights that fertilizers have played a key role in feeding the growing world population, yet their carbon-intensive production and the release of nitrous oxide during their use makes them one of the largest climate change contributors in the Chemicals industry. 

5- Advancing the Global Methane Pledge

This session focuses on accelerating action on the ground to end methane venting and cut methane leaks in Oil & Gas operations, and outline the means of support including technology transfer, capacity building and finance.

It highlights that 122 countries have now joined the Global Methane Pledge, aiming to reduce methane emissions at least 30% by 2030, since the Oil & Gas industry emits nearly one third of global anthropogenic methane emissions.

6- Advancing Efforts in Decarbonizing Cement

This session brings together cement producers at the forefront of decarbonization efforts to showcase success stories, call for policy support and inspire further acceleration.

It highlights that cement is produced in virtually all countries as a key component of concrete, and is responsible for 7% of global CO2 through a hard-to-abate and energy-intensive calcination process. 

7- Forging Ahead: Supporting Low-Carbon Development Pathways for Africa and the Developing World

This session discusses the challenges for Africa and the Global South to access these resources at an affordable cost while driving their decarbonization as part of potential sustainable development pathways for the continent.

It addresses improving infrastructure in the developing world (for energy access, health & sanitation, housing, transportation, etc.) will require many resources that have traditionally been highly carbon-intensive (hydrocarbons, steel, concrete, etc.). 

Minister of Petroleum Tarek Al Molla said that Decarbonization Day is an opportunity to discuss projects implemented in the field of decarbonization and emission reduction, in addition to announcing the ministry's strategy for energy efficiency

Molla affirmed that Egypt has a roadmap that includes accelerating the implementation rate of projects to reduce emissions and improve energy efficiency in cooperation with international partners, noting the Petroleum Ministry implements these projects in all oil industry fields.

Molla asserted that combating climate change ramifications need the collaboration of all governments and companies in all sectors to fulfill pledges related to protecting the environment.

Molla also pointed out that the Ministries of Electricity and Petroleum work on upgrading Egypt's Energy Strategy 2040 to include more low-carbon energy sources.

He added that COP27 paves the way for Egypt to announce its national low-carbon hydrogen strategy.

He noted that consequences of climate change are too great for a country or nation to bear or faced alone, stressing the importance of cooperation of all parties, whether developing or developed countries, industrialized or consuming countries, and public and private sectors.

He pointed out that the climate change challenge has become complex, but possible to overcome.

Addressing the Decarbonization Day, held on Thursday 11/11/2022, as a part of the COP27 activities with the participation of Petroleum Minister Tarek el-Molla as well as Trade and Industry Minister Ahmed Samir, US Climate Envoy John Kerry asserted that the importance of shifting to the energy transition and reducing the emission of methane globally.
Kerry pointed out that the results would be amazing by 2030, if all countries were committed to the Global Methane Initiative.
He added that all countries should collaborate to face climate change and the temperature rise.

US Climate Envoy John Kerry asserted that the G20 is responsible for 80% of the world's emissions, noting COP27 in Sharm El-Sheikh is the beginning of implementation.

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