The Oil and Gas Decarbonization Charter (OGDC)

COP28 President Dr. Sultan Al Jaber and the Kingdom of Saudi Arabia today launched the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sector. To date, 50 companies, representing more than 40 percent of global oil production have signed on to the OGDC, with many National Oil Companies taking historic first steps to decarbonization. National Oil Companies represent over 60 percent of signatories – the largest-ever number of NOCs to commit to a decarbonization initiative.

Turning the collective ambition for change into action with impact, signatories support the principle and ambition of working towards achieving the aims of the Oil & Gas Decarbonization Charter.

Activity period	2023–2026
Last CoAct update	n/a
Web URL	https://www.ogdc.org/
Output effectiveness	0.25
Accountability Index	0.33
Inclusiveness Index	0.25
Capacity Index	0.08
Num. actors	50
Functions	Knowledge dissemination, Standards and norms, Lobbying, Participatory management
SDGs
Themes	energy, industry
Policy focus	Mainly mitigation
Sectors	Electricity, gas, steam and air conditioning supply
Implementation countries	Angola, Argentina, Australia, Austria, Azerbaijan, Bahrain, Brazil, China, Colombia, Egypt, France, Georgia, India, Indonesia, Italy, Japan, Kzakhstan, Libya, Malaysia, Namibia, Nigeria, Norway, Oman, Pakistan, Russian Federation (the), Saudi Arabia, Singapore, South Sudan, Spain, Thailand, United Arab Emirates (the), United Kingdom of Great Britain and Nothern Ireland (the), United States of America (the), Uzbekistan

Target	Target type
Net-zero CO2eq emissions (Scope 1 and 2) by or before 2050 in the oil and gas sector	Net zero target
Near-zero methane emissions by 2030	Emission reduction target
Zero routine flaring by 2030	Other target

CoAct Database