The UAE chose Sultan al-Jaber to preside over the talks. He's the chairman of the state-backed renewable energy company, Masdar, but he's also the chief executive of Abu Dhabi's state-owned oil company, ADNOC. That has left many at COP28 concerned that the interests of oil companies and fossil fuel producers are influencing this year's summit, despite billions of dollars allocated by the UAE toward renewable energy projects at home and abroad.
The stakes are high for these talks: Scientists say to keep temperatures from rising past 1.5 degrees Celsius (2.7 degrees Fahrenheit), the world has to make dramatic cuts to carbon dioxide emissions that mainly stem from burning oil and gas. They say the world needs to halve emissions by 2030, and by 99% by 2050. But if getting there can only come by making deep cuts to fossil fuels, this poses a threat to the coffers of oil and gas producers, including the UAE.
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