Moreover, the development of renewables and EVs requires oil-related products, adding to oil demand. Prudent energy policymaking to meet the world’s energy and climate challenge should be steeped in real-world data that prioritises energy security, utilises all energies, delivers energy affordability and reduces emissions – all core areas of focus for the Charter of Cooperation. A DUAL STRATEGY Thus, like Brazil, OPEC members are investing in renewables, and in oil, to ensure that consumer needs are met. At the same time, they are also working hard to improve efficiencies, implement low-emissions solutions and mobilise cleaner technologies such as carbon-capture utilisation and storage, clean hydrogen technologies, direct air capture and carbon dioxide removal, all within the concept of the circular carbon economy. Against this backdrop, the G20 can embody the motto of this year’s summit – ‘Building a Just World and a Sustainable Planet’ – by recognising the totality of formulations in the outcome of the first Global Stocktake from the United Nations climate change conference in Dubai in 2023.
HAITHAM AL GHAIS His Excellency Mr Haitham Al Ghais was appointed OPEC secretary-general in 2022. In 1991, he served as a diplomatic attaché in Kuwait’s Ministry of Foreign eý±ĜųŸţFĹŎĿĿƐØĘåģŅĜĹåÚƋĘå Kuwait Petroleum Corporation and was appointed deputy managing director for international marketing in 2021. He represented Kuwait on OPEC’s board of governors from 2016 to 2021, and in 2017, served as ƋĘåĀųŸƋÏʱĜųŅüƋĘåIŅĜĹƋåÏĘĹĜϱĬ Committee. In 2018–2019, he led UƚƵ±ĜƋűŸƋå±ĵĜĹĀűĬĜŸĜĹčƋĘå Charter of Cooperation between OPEC and non-OPEC countries.
@OPECSecretariat : opec.org
This includes the need to acknowledge “different national circumstances, pathways and approaches” and transition “in a just, orderly and equitable manner,” a key hallmark of Brazil’s G20 presidency. Every country has its own energy pathway to a sustainable energy future, in keeping with the principle of common but differentiated responsibilities, and all people deserve comparable standards of living, electricity and clean cooking. From this perspective, the G20 can contribute to maintaining energy security, fostering human well-being and reducing emissions by helping to ensure that the financing and technology development and transfer promised in the Paris Agreement is delivered. It can also help support investment-friendly climates for all energies and all technologies in the developing world and beyond. We need to invest adequately – today, tomorrow and for many decades into the future – in a manner that reflects realistic assumptions about what each energy source can offer, and given the need to reduce emissions. The right investment is paramount. The energy futures of more than 8 billion people, soon to be 9.7 billion, depend on it.
Prudent energy policymaking to meet the world’s energy and climate challenge should be steeped in real-world data that prioritises energy security, utilises all energies, delivers energy affordability and reduces emissions”
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globalgovernanceproject.org
2024 — G20 BRAZIL: THE RIO SUMMIT
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