Dubai Telegraph - UAE: fossil fuel power and COP28 host

EUR -
AED 4.320095
AFN 75.885663
ALL 95.39106
AMD 434.359293
ANG 2.105503
AOA 1079.875165
ARS 1641.608916
AUD 1.626097
AWG 2.117403
AZN 2.00155
BAM 1.955617
BBD 2.368967
BDT 144.323592
BGN 1.962246
BHD 0.444119
BIF 3501.171877
BMD 1.176335
BND 1.49156
BOB 8.128238
BRL 5.776866
BSD 1.176185
BTN 111.070676
BWP 15.79252
BYN 3.324188
BYR 23056.161221
BZD 2.365567
CAD 1.606091
CDF 2724.390954
CHF 0.915576
CLF 0.026587
CLP 1046.373458
CNY 8.005017
CNH 8.000023
COP 4398.19802
CRC 540.701063
CUC 1.176335
CUP 31.172871
CVE 110.244828
CZK 24.30766
DJF 209.470369
DKK 7.473237
DOP 69.953444
DZD 155.593016
EGP 62.020486
ERN 17.645021
ETB 183.670087
FJD 2.570173
FKP 0.864396
GBP 0.864212
GEL 3.152187
GGP 0.864396
GHS 13.250758
GIP 0.864396
GMD 85.872502
GNF 10320.111643
GTQ 8.981158
GYD 246.116934
HKD 9.20856
HNL 31.271069
HRK 7.533241
HTG 154.005567
HUF 356.064543
IDR 20432.346547
ILS 3.416253
IMP 0.864396
INR 111.13652
IQD 1540.955585
IRR 1544409.901346
ISK 143.806836
JEP 0.864396
JMD 185.392625
JOD 0.834004
JPY 184.389884
KES 151.900296
KGS 102.835777
KHR 4719.557692
KMF 492.883828
KPW 1058.643569
KRW 1725.519067
KWD 0.361876
KYD 0.980308
KZT 543.610531
LAK 25796.582394
LBP 105337.827942
LKR 378.68071
LRD 215.849771
LSL 19.297891
LTL 3.473411
LVL 0.711553
LYD 7.437639
MAD 10.757232
MDL 20.115115
MGA 4913.101009
MKD 61.641843
MMK 2469.840437
MNT 4209.987489
MOP 9.484411
MRU 47.016594
MUR 55.076306
MVR 18.180264
MWK 2039.30888
MXN 20.271482
MYR 4.612434
MZN 75.167161
NAD 19.297891
NGN 1599.45028
NIO 43.28208
NOK 10.821804
NPR 177.729344
NZD 1.973736
OMR 0.452335
PAB 1.17629
PEN 4.066656
PGK 5.19405
PHP 71.143536
PKR 327.806219
PLN 4.232417
PYG 7184.685358
QAR 4.299213
RON 5.224695
RSD 117.388809
RUB 87.170473
RWF 1724.438389
SAR 4.447279
SBD 9.448624
SCR 16.852352
SDG 706.388119
SEK 10.84046
SGD 1.491516
SHP 0.878253
SLE 28.944025
SLL 24667.14716
SOS 672.236999
SRD 44.031407
STD 24347.754442
STN 24.495518
SVC 10.292117
SYP 130.036684
SZL 19.285193
THB 37.889551
TJS 10.974871
TMT 4.128935
TND 3.41668
TOP 2.832332
TRY 53.363256
TTD 7.971541
TWD 36.930438
TZS 3063.933249
UAH 51.665846
UGX 4407.193579
USD 1.176335
UYU 46.911416
UZS 14267.389376
VES 583.707963
VND 30947.014765
VUV 138.838256
WST 3.180917
XAF 655.895531
XAG 0.014572
XAU 0.00025
XCD 3.179103
XCG 2.119812
XDR 0.818154
XOF 655.836996
XPF 119.331742
YER 280.672359
ZAR 19.312335
ZMK 10588.444039
ZMW 22.394901
ZWL 378.779312
  • RBGPF

    0.0000

    63.18

    0%

  • CMSC

    -0.0400

    22.97

    -0.17%

  • RYCEF

    -0.0500

    17.45

    -0.29%

  • NGG

    -1.9400

    85.91

    -2.26%

  • BTI

    -1.4800

    58.08

    -2.55%

  • GSK

    -0.0300

    50.5

    -0.06%

  • RELX

    -1.5900

    34.16

    -4.65%

  • BP

    -0.8200

    43.81

    -1.87%

  • AZN

    -2.4000

    182.52

    -1.31%

  • RIO

    -2.4000

    103.11

    -2.33%

  • VOD

    -0.4400

    15.69

    -2.8%

  • CMSD

    0.0000

    23.42

    0%

  • BCE

    0.3400

    24.57

    +1.38%

  • BCC

    -1.4800

    72.76

    -2.03%

  • JRI

    -0.0200

    13.15

    -0.15%

UAE: fossil fuel power and COP28 host
UAE: fossil fuel power and COP28 host / Photo: Karim SAHIB - AFP

UAE: fossil fuel power and COP28 host

A gas-guzzling fossil fuel exporter trying to spearhead more ambitious climate action, the United Arab Emirates remains heavily dependent on hydrocarbons for its prosperity.

Text size:

- The carbon footprint -

The UAE may be a small country of only nine million inhabitants but it emitted 237 million tonnes of carbon dioxide (CO2) in 2021, according to the Global Carbon Atlas -- without including methane and other greenhouse gas emissions.

The United Kingdom, for comparison, emitted 348 million that year for a population of 67 million people.

The Gulf state ranks at 25 tonnes of CO2 emitted per person, higher than its fossil fuel-producing neighbour Saudi Arabia (18 tonnes) but below the record-breaking Qataris (40 tonnes) in 2021.

The tallies do not account for the oil and gas exported by these countries to other nations: they solely consider the CO2 emitted directly by inhabitants and businesses -- reflecting an economy and a way of life still heavily reliant on the combustion of oil and gas.

Energy-intensive construction and cooling activities flourish as gleaming skyscrapers sprout from the once barren desert and air conditioning is ubiquitous in the scorching heat.

Electricity in the Emirates is nearly entirely produced by burning gas (82.5 percent in 2022).

Renewables only account for five percent of its power, and a burgeoning nuclear capacity has seen atomic power's share jump to almost 13 percent in 2022, according to the energy think tank Ember.

- The climate ambition -

In July, the UAE announced an updated climate action strategy, joining a growing list of nations committed to tripling renewable energy production by 2030.

It unveiled plans to slash emissions in everything from industry to transport, including a new focus on electric cars.

It recently launched its first wind farm. And just two weeks before COP28 it inaugurated the Al Dhafra solar power plant -- one of the largest in the world.

But the UAE's climate strategy has been deemed "insufficient" or "highly insufficient", depending on the criteria, by Climate Action Tracker (CAT), a monitoring group which tracks government climate action and measures it against the global effort needed to keep warming below 1.5 degrees Celsius compared to pre-industrial levels.

CAT cited planned increases in oil production, offshore gas exploration and a 2050 net-zero target lacking credible emission reduction policies as reasons for its rating.

The Emiratis, however, highlight the rising diversification of their economy -- even if oil and gas remain dominant, they represent 30 percent of GDP compared to Saudi Arabia's 42 percent.

- ADNOC's role -

The UAE is the seventh largest producer of oil in the world, ahead of Iran and Kuwait, through their state-owned Abu Dhabi National Oil Company (ADNOC).

ADNOC plans to invest $150 billion dollars between 2023-2027 to expand its oil and gas production capacity.

In October, it announced a new off-shore gas project known as the Hail and Ghasha fields.

The project, located within a marine biosphere reserve, is spearheaded by ADNOC CEO Sultan Al Jaber -- also the founding chief executive of the renewable energy company Masdar and this year's COP28 president.

His chairmanship of the climate talks has drawn the ire of campaigners accusing the country of double dealing.

Jaber has said the UAE's oil is cheaper and less carbon-intensive than that of other producers and that ADNOC seeks to increase the capacity for extracting oil, rather than its production, to meet future demand.

Fossil fuels should only be abandoned once enough renewables can replace them, he argues.

The UAE supports carbon capture and storage (CCS) technologies that remain far from capable of storing the billions of tonnes of CO2 necessary.

"With its focus on 'emissions-free' fossil fuels and CCS, the UAE is clearly pushing an agenda to distract attention from a fossil fuel phase-out," said Mia Moisio, of the NewClimate Institute non-profit organisation.

According to the non-profit Global Witness, ADNOC is "on course" to increase its total emissions from oil and gas by more than 40 percent, reaching 684 million tonnes of CO2 by 2030 -- nearly triple the nation's 2021 emissions.

Z.W.Varughese--DT