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Oil and Gas Decarbonization Charter (OGDC)

By Amigos IAS

Why is it in the news?

  • Launched at COP28 by the UAE and Saudi Arabia.

 

More about the news

  • Dedicated to accelerating climate action and achieving high-scale impact across the oil and gas sectors.
  • Currently, 50 companies have committed to OGDC.
  • Collectively responsible for over 40% of global oil production.

 

About Global Decarbonization Accelerator (GDA)

  • OGDC is a key initiative under GDA.
  • Launched at the World Climate Action Summit recently.
  • Focus Areas – Three Pillars: Focus on advancing future energy systems; emphasis on decarbonizing current energy systems; and specific efforts toward reducing methane and other non-CO2 greenhouse gases.

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