Oil and gas company chiefs held discussions with heavy industry bosses in the United Arab Emirates in an effort to reach a consensus to reduce carbon emissions ahead of the COP28 summit, which is scheduled to take place in Dubai later this year. There is an urgent need for action on the climate front as reports show that most countries are off track to meet promises to control the rise in global temperatures.
These discussions are believed to be crucial for several reasons, since:
- It is seen as an important opportunity for governments to increase action to limit global warming
- It brings together both the supply and demand side in terms of emissions
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