Saturday, 9th December 2023 | 12:15-1:15pm GST

Location:COP28 venue: State of Green Pavilion, Zone B6, Building 75

This panel event brought together and shared cutting-edge research and analysis exploring key dimensions of the just transition from oil and gas dependency, and the role that different actors must play in planning for a timely and equitable transition away from oil and gas production and use.

 

 

Despite mounting evidence that the expansion of oil and gas production is incompatible with a Paris Agreement 1.5°C-aligned pathway, many countries, national and international companies, and financial institutions persist in pursuing such plans. Current oil and gas production plans from major producers would already overshoot the 1.5°C target by 110% in 2030 (2023 Production Gap Report).

Yet, the transition away from fossil fuels including oil and gas is accelerating, driven by a combination of environmental, social, economic, and ethical considerations. Fair, inclusive and managed transitions can not only address the unequal distribution of costs and benefits but serve as catalysts for ambition and implementation. Therefore, a broader understanding of the equity implications of the transition away from oil and gas is crucial to advance this global mandate.

Final agenda and speakers list

Time

Session

Speaker

5min

Welcome and scene setting

Moderator: Suneeta Kaimal, Natural Resources Governance Institute (NRGI)

5min

Oil and gas just transition pathways: Lessons from the North Sea and recommendations for policymakers

Adriana Chavarría-Flores, Climate Strategies and Oil and Gas Transitions (OGT)

5min

National oil company responses to the global energy transition

David Manley, Natural Resources Governance Institute (NRGI)

5min

Interrogating sub-national impacts of oil & gas phaseout

David Waskow, World Resources Institute

10min

Oil & gas producer country perspectives and reactions to the analyses

Mr. Javier Campillo, Vice-Minister of Energy, Colombia

Hauwa Mustapha, Climate Coordinator, Nigerian Labour Congress, & ITUC Africa

30min

Discussion and Q&A

(Moderator, audience, panel)