As the energy transition accelerates, it is necessary for oil and gas producing economies to articulate a credible pathway to reaching net-zero greenhouse gas emissions. The Net-Zero Producers Forum, a cooperative government effort of six oil and gas producing countries, is an initiative designed to foster and promote credible strategies to reach net-zero in producer economies. It also has a key role in propagating global solutions such as methane abatement, as evidenced by the launch of an “Upstream Methane Abatement Toolkit” which highlights ways to implement methane abatement policies. As the oil and gas sector comes sharply under focus at COP28, what is the role of the government in reinforcing private sector action to reduce emissions? How should oil and gas producing economies weigh economic competitiveness with the climate mitigation imperative?
ORIGINAL AIRDATE: 12/05/23