[caption id="attachment_103866" align="alignnone" width="1200"] Sultan Ahmed Al Jaber[/caption] The renewable energy company that Al Jaber leads, Masdar, is a model of the important role the petroleum industry can take in moving the world closer to widespread renewable energy usage. By NJ Ayuk* The backlash in recent days about the selection of Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (ADNOC), to serve as president of the next United Nations Climate Conference (COP28) has been quite… dramatic.
The decision to have him lead the conference has been described as “a fox watching the henhouse,” asking “arms dealers to lead peace talks,” and “putting the head of a tobacco company in charge of negotiating an anti-smoking treaty.” Tasneem Essop, the executive director of Climate Action Network International, went further, saying,” He cannot preside over a process that is tasked to address the climate crisis with such a conflict of interest, heading an industry that is responsible for the crisis itself. If he does not step down as CEO, it will be tantamount to a full scale capture of the UN climate talks by a petrostate national oil company and its associated fossil fuel lobbyists.” And Tzeporah Berman, chair of the Fossil Fuel Non-Proliferation Treaty, told ABC News that the selection of Al Jaber to oversee COP28 is a “devastating blow to the climate negotiations at a critical moment in history.” I could go on, but instead, I'd like to describe why I think those views are wrong-headed and why the African Energy Chamber supports Al Jaber’s selection. Frankly, I’ve seen rhetoric like this before, only it was about the “grave dangers posed by fossil fuels”, the “evils of the oil and gas industry”, and how “Africa’s vulnerable populations must be protected from ongoing oil and gas production” and their role in triggering climate-related disasters. I realize that the protests we’re seeing in Al Jaber’s case are based on the belief that, like oil and water, the petroleum industry and meaningful climate change prevention simply don’t mix. But that assumption is false. If we’re going to have a just transition from fossil fuels to renewable energy, we’ll need both. We’ll need fossil fuels to ensure energy security and drive industrialization in developing nations, even as the world works to pull together the necessary investments, infrastructure, and governance to make a world fueled by renewable energy work. Al Jaber understands that. He’s witnessed the painful results of divesting from fossil fuels prematurely — just look at the energy crisis in Europe — and he’s calling for a more pragmatic approach to protecting the world from climate change. He’s calling for an approach that doesn’t worsen energy poverty and hinder economic growth. As he brilliantly wrote in August, “Our ultimate goal should be to hold back emissions, not progress.” Yes, Al Jaber is an oil and gas industry leader, and ADNOC has no intention of stopping production in the short term. And they shouldn’t. It will be reckless. Norway and the UK are awarding new oil drilling licenses. But, then again, drilling is not the world-threatening activity that environmental organizations make it out to be. And Al Jaber is more than an oil company leader, he’s also the chairman of the rapidly growing global renewable energy company, Masdar. And he has spoken openly about the importance of significantly curbing greenhouse gas emissions. In addition to all of that, Al Jaber is a good man and a friend to Africa. I am certain that he is an excellent choice to lead COP28. Bringing Renewables to the World The renewable energy company that Al Jaber leads, Masdar, is a model of the important role the petroleum industry can take in moving the world closer to widespread renewable energy usage. The company was formed with the goal of diversifying the United Arab Emirates’ (UAE) economy and energy industry, and its shareholders include ADNOC, Mubadala Investment Company, and Abu Dhabi National Energy Company PJSC (TAQA). Today, Masdar is active in over 40 countries and invested in projects valued at more than USD20 billion. A few examples of the company’s impact, just in the last few weeks, include: