Dubai Telegraph - COP28 fossil fuel debate sizzles as world marks record hot year

EUR -
AED 4.270651
AFN 72.672902
ALL 95.422215
AMD 429.02547
ANG 2.082077
AOA 1067.517186
ARS 1618.483848
AUD 1.626566
AWG 2.096078
AZN 1.973774
BAM 1.953151
BBD 2.343122
BDT 142.798158
BGN 1.941904
BHD 0.438812
BIF 3463.86137
BMD 1.162873
BND 1.487208
BOB 8.039234
BRL 5.848205
BSD 1.163322
BTN 111.584572
BWP 16.455963
BYN 3.237465
BYR 22792.305681
BZD 2.339767
CAD 1.599636
CDF 2610.64867
CHF 0.914599
CLF 0.026578
CLP 1046.027459
CNY 7.890205
CNH 7.919216
COP 4407.671428
CRC 527.729596
CUC 1.162873
CUP 30.816128
CVE 110.115645
CZK 24.332882
DJF 207.162578
DKK 7.472855
DOP 69.50692
DZD 154.525754
EGP 61.518758
ERN 17.443091
ETB 181.650343
FJD 2.562565
FKP 0.862723
GBP 0.870579
GEL 3.116726
GGP 0.862723
GHS 13.303185
GIP 0.862723
GMD 84.309218
GNF 10201.163663
GTQ 8.875077
GYD 243.394059
HKD 9.107113
HNL 30.939567
HRK 7.533552
HTG 152.326491
HUF 359.725389
IDR 20455.861774
ILS 3.398682
IMP 0.862723
INR 111.453503
IQD 1524.059056
IRR 1529177.651491
ISK 143.602844
JEP 0.862723
JMD 183.820675
JOD 0.824435
JPY 184.380467
KES 150.185168
KGS 101.69336
KHR 4667.749183
KMF 490.73227
KPW 1046.587595
KRW 1744.518339
KWD 0.358769
KYD 0.969502
KZT 546.158612
LAK 25513.833147
LBP 104179.488025
LKR 382.166578
LRD 212.894902
LSL 19.270711
LTL 3.433661
LVL 0.70341
LYD 7.387108
MAD 10.723755
MDL 20.126048
MGA 4842.515145
MKD 61.638519
MMK 2441.614111
MNT 4162.472663
MOP 9.383135
MRU 46.696663
MUR 54.85262
MVR 17.916265
MWK 2017.298534
MXN 20.208252
MYR 4.594552
MZN 74.318959
NAD 19.270463
NGN 1593.826688
NIO 42.812667
NOK 10.846201
NPR 178.534915
NZD 1.990718
OMR 0.447117
PAB 1.163342
PEN 3.988359
PGK 5.068126
PHP 71.724245
PKR 324.025388
PLN 4.246195
PYG 7089.384321
QAR 4.240748
RON 5.21664
RSD 117.388478
RUB 84.837746
RWF 1701.821006
SAR 4.38083
SBD 9.321746
SCR 15.977183
SDG 698.307965
SEK 10.982589
SGD 1.488506
SHP 0.868202
SLE 28.664959
SLL 24384.862344
SOS 664.909586
SRD 43.267005
STD 24069.117863
STN 24.466814
SVC 10.179193
SYP 128.535171
SZL 19.274106
THB 37.98524
TJS 10.854265
TMT 4.070055
TND 3.404882
TOP 2.799918
TRY 52.962748
TTD 7.896968
TWD 36.695032
TZS 3023.469146
UAH 51.367628
UGX 4368.075366
USD 1.162873
UYU 46.596798
UZS 13931.343839
VES 593.23815
VND 30647.511032
VUV 137.12648
WST 3.146267
XAF 655.07975
XAG 0.014879
XAU 0.000255
XCD 3.142721
XCG 2.096692
XDR 0.813933
XOF 655.068499
XPF 119.331742
YER 277.51928
ZAR 19.373693
ZMK 10467.246163
ZMW 21.900672
ZWL 374.444547
  • RIO

    -2.4500

    109.59

    -2.24%

  • CMSC

    0.0898

    23.14

    +0.39%

  • NGG

    0.4500

    87.43

    +0.51%

  • BCE

    -0.2000

    24.19

    -0.83%

  • GSK

    -0.0300

    50.96

    -0.06%

  • BCC

    2.4200

    69.4

    +3.49%

  • RYCEF

    -0.1300

    15.9

    -0.82%

  • JRI

    0.0100

    13.14

    +0.08%

  • CMSD

    0.0400

    23.6

    +0.17%

  • RBGPF

    0.8900

    61.68

    +1.44%

  • AZN

    -2.7600

    184.96

    -1.49%

  • BTI

    1.3500

    66.7

    +2.02%

  • BP

    -0.0200

    44.12

    -0.05%

  • VOD

    -0.0300

    15.48

    -0.19%

  • RELX

    -0.1600

    31.46

    -0.51%

COP28 fossil fuel debate sizzles as world marks record hot year
COP28 fossil fuel debate sizzles as world marks record hot year / Photo: Karim SAHIB - AFP

COP28 fossil fuel debate sizzles as world marks record hot year

With 2023 confirmed to be the hottest year on record by Europe's climate monitor, the temperature was also rising on Wednesday for negotiators thrashing out the thorny issue of fossil fuels at COP28 in Dubai.

Text size:

Pressure for progress is mounting as the UN climate talks near the end of their first week, with the latest draft of a global climate agreement "probably" expected Wednesday before it is finalised, in theory, on December 12, said one observer.

The fate of oil, gas and coal -- the main drivers of human-caused planet heating -- has been the biggest sticking point on the agenda, and divisions around their future have dominated the conference.

The situation is "very dynamic", one negotiator said on Tuesday evening, as representatives of nearly 200 countries haggle over the text that responds to a damning stocktake of progress on limiting warming.

Battle lines have previously been drawn on whether to agree to "phase out" or "phase down" fossil fuels.

A new phrase committing to an "orderly and just" phase-out of fossil fuels could signal a consensus candidate, giving countries different timelines to cut emissions depending on their level of development and reliance on hydrocarbons.

But there is another option: no mention at all of fossil fuels, which reflects opposition from nations including Saudi Arabia and China, according to several observers who attended the closed meetings.

India on Tuesday evening also opposed naming specific sectors or energy sources, one observer said.

- All aboard the climate 'train' -

The Paris Agreement that emerged from COP21 in 2015 was a "great success for all of us," Saudi Arabia's chief climate negotiator Khalid Almehaid told the Atlantic Council's Global Energy Forum on Tuesday.

"The challenge that we have today is how can we keep that train with all of its passengers," he added, alluding to the kingdom's objection to phasing down fossil fuels.

As it stands, the draft agreement includes options to phase out fossil fuels or not address the issue at all, setting the stage for tough negotiations due to end next week.

Climate experts, however, have warned that global warming could breach the 1.5 degrees Celsius Paris deal limit within seven years if emissions are not slashed.

The new draft of the negotiated text expected on Wednesday must be brought to a large plenary meeting taking stock of the first week of talks ahead of a rest day on Thursday.

Meanwhile, 2023 has seen a series of devastating extreme weather events linked to climate change, even as the world's carbon emissions continue to rise.

Europe's climate monitor on Wednesday said this year will be the hottest in recorded history after November became the sixth record-breaking month in a row.

- 'Temperature will keep rising' -

Last month smashed the previous November heat record, pushing 2023's global average temperature to 1.46 degrees Celsius warmer than pre-industrial levels, the EU's Copernicus Climate Change Service said.

There had been previous warnings this year could take the title of hottest year from 2016 -- particularly after records toppled in September and October -- but this marks the first time it has been confirmed.

November also contained two days that were 2C warmer than pre-industrial levels. Not one such day had ever before been recorded.

Samantha Burgess, deputy head of the Copernicus service, said that 2023 has "now had six record-breaking months and two record-breaking seasons".

"The extraordinary global November temperatures, including two days warmer than 2C above pre-industrial (levels), mean that 2023 is the warmest year in recorded history," she said.

"The temperature will keep rising and so will the impacts of heatwaves and droughts."

F.A.Dsouza--DT