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.