Under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates

تحت رعاية صاحب السمو الشيخ محمد بن زايد آل نهيان، رئيس دولة الامارات العربية المتحدة

Supported by

Fred Krupp

President

Environmental Defense Fund

Fred
Fred

Environmental Defense Fund president Fred Krupp has guided EDF for three decades, overseeing its growth from a small nonprofit with a budget of $3 million to one of the world’s most influential environmental organizations, with an annual budget of more than $300 million and 1000 employees. EDF works across the globe, including in the United States, China, India, and Europe. In 2023, Krupp worked through the global climate talks, COP28, to help secure commitments from 50 oil and gas companies, representing 40% of global oil sales, to reduce their methane pollution by 90% by 2030. As a leading voice on climate change, energy and corporate sustainability, Krupp appeared on the TED stage in 2018 to announce plans to launch MethaneSAT, a satellite that will measure and map planet-warming methane emissions from the oil and gas industry worldwide. Now orbiting the Earth, this satellite will help usher in a new era of climate action -- and accountability for corporate and national commitments. He was also a key advocate for the overhaul of America’s chemical safety laws in 2016 and the passage of historic climate investments in 2022. Krupp has pioneered innovative approaches to harnessing the power of the marketplace to protect the environment and has led EDF’s groundbreaking corporate partnerships with FedEx, KKR, McDonald’s and others. He helped GM develop its plan to sell only zero-emission vehicles by 2035. Most recently, Walmart announced it achieved the goal it set in partnership with EDF to cut a billion metric tons of climate pollution, equivalent to Japan’s annual climate emissions. He was educated at Yale, where he was recently elected to the board of trustees, and at the University of Michigan Law School. Krupp appears frequently in the media and was named one of America’s Best Leaders by U.S. News and World Report. He is a recipient of the 2015 William K. Reilly Environmental Leadership Award from the Center for Environmental Policy at American University.

Session Overview
Monday, 4 November
12:40
Strategic Conference Conference Room B 12:40 - 13:00
View Session
The imperative for methane action

The energy world is at a crossroads. As fossil fuel demand increases, the resulting rise in global temperatures is contributing to more frequent and severe storms, droughts, floods, and wildfires. Without drastic emission cuts the UNEP 2023 Emissions Gap Report warns the remaining carbon budget to limit global warming to 1.5°C will likely be depleted by 2030, highlighting the urgency of tackling pollutants like methane. At last year’s Climate Talks in Dubai a major methane deal led by the UAE brought 50 oil producers together and put them on a pathway for achieving meaningful reductions. The oil and gas industry has a pivotal role to play in getting the world back on track and accelerating progress toward an abundant, affordable, sustainable, and equitable energy future.

This Energy Talk will focus on the industry’s climate agenda following COP 28, expectations for outcomes and what producers need to do on the road to COP29 and 30.

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