Dubai Telegraph - Concern as climate talks stalls on fossil fuels pledge

EUR -
AED 4.212777
AFN 72.835586
ALL 94.512843
AMD 422.248264
ANG 2.053494
AOA 1052.895931
ARS 1680.790338
AUD 1.635257
AWG 2.067368
AZN 1.95436
BAM 1.956354
BBD 2.309354
BDT 140.73988
BGN 1.939347
BHD 0.432422
BIF 3423.630825
BMD 1.146945
BND 1.480319
BOB 7.92328
BRL 5.90941
BSD 1.146625
BTN 108.087801
BWP 15.582008
BYN 3.185903
BYR 22480.122
BZD 2.305963
CAD 1.623185
CDF 2615.035015
CHF 0.925648
CLF 0.026299
CLP 1035.072439
CNY 7.764364
CNH 7.780559
COP 3960.034063
CRC 520.14739
CUC 1.146945
CUP 30.394043
CVE 110.569964
CZK 24.190336
DJF 203.835517
DKK 7.474072
DOP 66.986043
DZD 152.939427
EGP 57.331754
ERN 17.204175
ETB 181.647461
FJD 2.564
FKP 0.867567
GBP 0.866531
GEL 3.039852
GGP 0.867567
GHS 12.874504
GIP 0.867567
GMD 84.304874
GNF 10064.442782
GTQ 8.746478
GYD 239.84901
HKD 8.988436
HNL 30.606273
HRK 7.533254
HTG 149.77244
HUF 351.906109
IDR 20445.785654
ILS 3.394682
IMP 0.867567
INR 108.1919
IQD 1502.49795
IRR 1577049.375404
ISK 143.976448
JEP 0.867567
JMD 181.171337
JOD 0.813229
JPY 185.008009
KES 148.419043
KGS 100.300781
KHR 4599.249852
KMF 492.617229
KPW 1032.250901
KRW 1752.130969
KWD 0.353179
KYD 0.955446
KZT 559.543917
LAK 25295.872375
LBP 102708.92515
LKR 382.668433
LRD 208.916469
LSL 18.815678
LTL 3.386631
LVL 0.693776
LYD 7.311819
MAD 10.580612
MDL 20.248208
MGA 4817.169398
MKD 61.628611
MMK 2408.272435
MNT 4107.54883
MOP 9.256923
MRU 45.947051
MUR 54.881752
MVR 17.720734
MWK 1992.243861
MXN 19.872547
MYR 4.745948
MZN 73.301688
NAD 18.814173
NGN 1560.350288
NIO 41.990088
NOK 11.102662
NPR 172.945006
NZD 1.997675
OMR 0.441554
PAB 1.14663
PEN 3.881306
PGK 5.032508
PHP 69.638491
PKR 319.223511
PLN 4.259467
PYG 7041.056554
QAR 4.175458
RON 5.239364
RSD 117.183799
RUB 83.845404
RWF 1679.12748
SAR 4.299026
SBD 9.24601
SCR 15.693948
SDG 688.744688
SEK 10.98638
SGD 1.482316
SHP 0.85631
SLE 28.387314
SLL 24050.86738
SOS 655.483268
SRD 42.898615
STD 23739.445827
STN 24.544623
SVC 10.032843
SYP 126.774237
SZL 18.814083
THB 37.723444
TJS 10.63456
TMT 4.014308
TND 3.339618
TOP 2.761569
TRY 53.262066
TTD 7.775237
TWD 36.375404
TZS 3017.595134
UAH 51.508996
UGX 4173.182519
USD 1.146945
UYU 45.84299
UZS 13769.075108
VES 695.774297
VND 30176.12295
VUV 136.226685
WST 3.156058
XAF 656.142926
XAG 0.017685
XAU 0.000276
XCD 3.099677
XCG 2.066386
XDR 0.807102
XOF 648.024305
XPF 119.331742
YER 273.665193
ZAR 18.876464
ZMK 10323.885445
ZMW 20.552914
ZWL 369.315822
  • CMSC

    0.0500

    22.37

    +0.22%

  • JRI

    0.0500

    12.67

    +0.39%

  • CMSD

    0.0000

    22.29

    0%

  • NGG

    -1.2400

    79.44

    -1.56%

  • BCC

    3.8500

    74.66

    +5.16%

  • RIO

    -2.5900

    100.08

    -2.59%

  • BCE

    0.0000

    23.28

    0%

  • RBGPF

    -0.5300

    60.61

    -0.87%

  • AZN

    -2.9600

    174.93

    -1.69%

  • BTI

    -0.5800

    58.91

    -0.98%

  • GSK

    -1.4800

    50.67

    -2.92%

  • VOD

    -0.2300

    14.3

    -1.61%

  • RELX

    -0.8300

    31.18

    -2.66%

  • RYCEF

    -0.0300

    18.4

    -0.16%

  • BP

    -1.0400

    39.1

    -2.66%

Concern as climate talks stalls on fossil fuels pledge
Concern as climate talks stalls on fossil fuels pledge / Photo: Pedro PARDO - AFP/File

Concern as climate talks stalls on fossil fuels pledge

The failure of UN climate negotiations to double down on a global pledge to move away from planet-heating fossil fuels on Sunday was decried by experts as a "worrying" setback to global progress on curbing warming.

Text size:

Nearly 200 nations spent much of COP29 in Azerbaijan locking horns over a tough-fought finance pact that was finally approved in the early hours of Sunday.

But countries also clashed bitterly over how to build on a landmark pledge at last year's climate talks to "transition away" from fossil fuels.

A text that was supposed to push for ways to put that promise into practice was ultimately not adopted at the close of COP29, with countries lamenting that it had been emptied of substance.

Observers said this meant the meeting in Baku, held in what is expected to be the world's hottest year on record, made virtually no progress on tackling the source of global warming.

Laurence Tubiana, the architect of the landmark 2015 Paris climate accord said the Baku deal was "not as ambitious as the moment demands".

"The impacts of the climate crisis are becoming ever more visible, ever more devastating in both human and economic terms, all over the world, with no region spared," she told AFP.

"The culprits are well known, yet once again fossil fuels have been defended by an ill-prepared COP presidency."

Azerbaijan, an authoritarian state that relies on oil and gas exports, has been accused of lacking the experience and bandwidth to steer such complex negotiations.

Its leader Ilham Aliyev opened the conference by hailing fossil fuels as a "gift of God".

- Fossil fight -

The European Union and other countries tussled with Saudi Arabia over including strong language on the energy transition during the UN talks.

Countries had also discussed ways to measure action, such as tracking progress on the move away from oil, gas and coal.

But a Saudi official told delegates on Thursday that the 22-nation Arab Group would reject any UN climate deal that targeted fossil fuels.

As negotiations wrapped up in the early hours of Sunday, countries and negotiating blocs including vulnerable small island states and Latin American and Caribbean nations said the text had been watered down so much that they could not support it.

"We made historic commitments a year ago, including to transition away from fossil fuels. We came here to translate that commitment into meaningful action and quite simply, we have fallen short," said the delegate from Canada.

The Fiji representative said a failure to agree a strong outcome was "an affront to this process".

Given the objections, the Azerbaijan presidency decided not to adopt the text, which will now be discussed again when negotiators meet next year in June.

Francois Gemenne, a specialist in environmental geopolitics, said the lack of follow up to the fossil fuel pledge was "very worrying" and showed the impact that producers and industry lobbyists can have on climate negotiations.

"We could have expected at least a return to the terms of COP28, but we didn't even get that," he said.

- 'Backward step' -

The international community has agreed that the world should aim to limit global warming to 1.5 degrees Celsius above preindustrial times.

Scientists say carbon dioxide pollution needs to be slashed this decade.

But preliminary research by scientists at the the Global Carbon Project, released during the COP29, found that fossil fuel CO2 emissions continued to rise this year to a new record high.

The failure to progress on emissions at the Baku meeting meant that the 1.5C limit is "very much on life support", said Natalie Jones, a policy advisor at the International Institute for Sustainable Development, a think tank.

"I think it's a backward step," she told AFP, citing concerns that a year of potential progress will be lost and that next year will see "less ambitious leadership" on climate.

Donald Trump, a sceptic of both climate change and foreign assistance, was elected just days before COP29 began and will take office early next year.

With talks mired in acrimony over funding from richer countries, observers said it was difficult for nations to push for more ambition on emissions.

Ultimately, a $300 billion a year pledge from wealthy historic polluters was approved, even as poorer vulnerable countries slammed it as insultingly low.

"The result of this COP is that we haven't really made any new progress on reducing greenhouse gases, but we have saved the process of the Paris Agreement, and we can still hope for better results next year," a European negotiator told AFP.

S.Mohideen--DT