Dubai Telegraph - COP28 fossil fuel battle hardens despite new warning on warming

EUR -
AED 4.178425
AFN 72.81666
ALL 92.194529
AMD 413.599766
ANG 2.037005
AOA 1044.463357
ARS 1734.78838
AUD 1.620158
AWG 2.047967
AZN 1.945353
BAM 1.956719
BBD 2.291828
BDT 140.09705
BGN 1.915351
BHD 0.428905
BIF 3409.406656
BMD 1.13776
BND 1.454447
BOB 13.932729
BRL 5.920695
BSD 1.13791
BTN 109.154721
BWP 15.557514
BYN 3.44437
BYR 22300.086814
BZD 2.288405
CAD 1.611867
CDF 2662.357254
CHF 0.946314
CLF 0.027923
CLP 1102.682485
CNY 7.638064
CNH 7.638588
COP 3764.470828
CRC 516.776853
CUC 1.13776
CUP 27.30903
CVE 110.318768
CZK 24.395038
DJF 202.617863
DKK 7.475092
DOP 67.744804
DZD 152.282248
EGP 59.260549
ERN 17.066393
ETB 185.423058
FJD 2.545962
FKP 0.858799
GBP 0.857888
GEL 2.975222
GGP 0.858799
GHS 13.238394
GIP 0.858799
GMD 83.626005
GNF 10006.789246
GTQ 8.690159
GYD 238.084994
HKD 8.925524
HNL 30.544619
HRK 7.53868
HTG 148.916507
HUF 367.191429
IDR 20492.186919
ILS 3.485458
IMP 0.858799
INR 109.154431
IQD 1490.513359
IRR 1564234.471704
ISK 136.975326
JEP 0.858799
JMD 180.124624
JOD 0.806614
JPY 178.51904
KES 147.569886
KGS 99.495362
KHR 4618.230579
KMF 492.650043
KPW 1023.98394
KRW 1544.684891
KWD 0.351396
KYD 0.948258
KZT 500.379481
LAK 25530.331003
LBP 101893.313885
LKR 376.623562
LRD 195.704524
LSL 18.698049
LTL 3.359508
LVL 0.688219
LYD 7.278547
MAD 10.957441
MDL 20.116716
MGA 4991.410823
MKD 61.59894
MMK 2389.107877
MNT 4091.464196
MOP 9.194041
MRU 45.581815
MUR 54.00907
MVR 17.578419
MWK 1973.052973
MXN 20.213425
MYR 4.644787
MZN 72.714316
NAD 18.698049
NGN 1511.217335
NIO 41.870039
NOK 10.813585
NPR 174.652729
NZD 2.007036
OMR 0.437458
PAB 1.13785
PEN 3.866486
PGK 5.147509
PHP 71.044555
PKR 315.267558
PLN 4.372683
PYG 6683.139809
QAR 4.147449
RON 5.277842
RSD 117.523774
RUB 96.159383
RWF 1680.011436
SAR 4.273326
SBD 9.102659
SCR 15.709784
SDG 684.36749
SEK 11.319922
SGD 1.453783
SHP 0.859011
SLE 28.04559
SLL 23858.239254
SOS 650.348411
SRD 42.856556
STD 23549.325171
STN 24.513132
SVC 9.955765
SYP 14793.149715
SZL 18.693357
THB 38.192287
TJS 10.49657
TMT 3.993536
TND 3.369483
TOP 2.739452
TRY 55.73019
TTD 7.722832
TWD 36.141497
TZS 3015.06047
UAH 51.059088
UGX 4454.170913
USD 1.13776
UYU 45.612231
UZS 13443.552238
VES 969.862007
VND 29552.734946
VUV 134.029322
WST 3.123967
XAF 655.957
XAG 0.01847
XAU 0.000273247002
XCD 3.074852
XCG 2.050681
XDR 0.804455
XOF 655.957
XPF 119.331742
YER 269.25065
ZAR 18.652327
ZMK 10241.198729
ZMW 22.159703
ZWL 366.358105
SSP 6499.555885
MXV 2.289118
  • CMSD

    -0.1100

    20.19

    -0.54%

  • BCE

    -0.4150

    20.555

    -2.02%

  • CMSC

    -0.0600

    20.34

    -0.29%

  • BCC

    -0.8640

    76.276

    -1.13%

  • RBGPF

    -1.5200

    64.47

    -2.36%

  • RIO

    -0.8600

    93.7

    -0.92%

  • GSK

    0.3160

    49.556

    +0.64%

  • RYCEF

    -0.0700

    19.6

    -0.36%

  • RELX

    -0.3100

    33.21

    -0.93%

  • BTI

    0.2750

    55.905

    +0.49%

  • AZN

    -0.4300

    166.15

    -0.26%

  • JRI

    -0.1500

    10.87

    -1.38%

  • BP

    0.8900

    45.04

    +1.98%

  • NGG

    -0.4650

    75.025

    -0.62%

  • VOD

    -0.0080

    16.612

    -0.05%

COP28 fossil fuel battle hardens despite new warning on warming
COP28 fossil fuel battle hardens despite new warning on warming / Photo: Karim SAHIB - AFP

COP28 fossil fuel battle hardens despite new warning on warming

Battle lines on fossil fuels hardened at UN climate talks on Tuesday despite scientists warning that global warming could breach the 1.5C threshold within seven years.

Text size:

A new COP28 draft agreement in Dubai included the options of phasing out fossil fuels or not addressing the issue at all, setting the stage for tough negotiations due to end next week.

Saudi Arabia -- the world's biggest oil exporter -- took a hardline stance, saying it would "absolutely not" agree to phasing down fossil fuels, never mind phasing them out.

The thorny debate over the future of fossil fuels, the biggest cause of global warming, is the key battleground at the COP28 meeting hosted by the oil-rich United Arab Emirates.

- 'Extremely unhappy' -

The latest version of a potential agreement included three options -- an "orderly and just" phase-out, faster efforts to phase out fossil fuel projects that do not capture and store emissions, or "no text" on the subject.

An earlier draft, prepared by the UK and Singapore, that proposed a "phasedown/out" was badly received by delegates, a Latin American negotiator told AFP.

"Everyone was extremely unhappy with the first draft," the negotiator said, requesting anonymity.

"When we started talking... everything collapsed... There is pretty much nothing on the way forward," the delegate added.

Saudi Arabia's energy minister said he would "absolutely not" agree to a phase-down of fossil fuels in the COP28 agreement.

"I would like to put that challenge for all of those who... come out publicly saying we have to (phase down)," Prince Abdulaziz bin Salman told Bloomberg.

"Call them and ask them how they are gonna do that?"

- 'Elephant in the room' -

Laurence Tubiana, the architect of the landmark Paris climate accord in 2015, said the negotiations are "difficult because we're at a stage where all options are on the table and we don't see a balancing point.

"On one hand it's normal at this stage but it seems particularly difficult because we're talking about the elephant in the room, which is fossil fuels," Tubiana told AFP.

- Record oil lobbyists -

Nearly 2,500 fossil fuel lobbyists -- a record -- have been accredited for UN climate talks in Dubai, campaign groups said.

The NGO umbrella group Kick Big Polluters Out said 2,456 people tied to fossil fuel interests were identified, roughly four times the number at COP27 last year.

If taken as a group they outnumber "every country delegation" apart from Brazil and the UAE, the coalition added.

Campaigners have worried about the influence of the fossil fuel lobby since Sultan Al Jaber, the head of the UAE's national oil company ADNOC, was named president of COP28.

- 1.5C alive? -

The annual Global Carbon Project estimated Tuesday there is a 50 percent chance warming will exceed the 2015 Paris deal's goal of 1.5 degrees Celsius over multiple years by around 2030.

Fossil fuel CO2 pollution also rose 1.1 percent last year, according to an international consortium of climate scientists in their annual Global Carbon Project assessment, with surging emissions in China and India -- now the world's first and third biggest emitters.

Projected global warming has risen slightly -- by 0.1C -- the Climate Action Tracker said in its annual update on government plans, putting it at a catastrophic 2.5C above pre-industrial levels by the end of the century, the group said.

"Despite their promises, governments have not taken enough action to drive down warming projections, with some instead turning to false solutions such as carbon capture and storage to continue the world's reliance on fossil fuels," it said.

- 'Kick big polluters out!' -

Dozens of people protested inside the COP28 venue Tuesday under blistering sun, holding up signs reading "Phase out fossil fuels now" and "Stop funding fossil fuels".

"Kick big polluters out!" they chanted.

"If the United Nations continues to allow the fossil fuel industry to lead climate mitigation and to lead COP... I have zero confidence that COP will be successful," Thomas Harmy Joseph, a member of the US-based Indigenous Environmental Network, told AFP.

I.Mansoor--DT