Dubai Telegraph - UN climate talks chief pushes for rapid draft deal

EUR -
AED 4.173754
AFN 72.734997
ALL 92.091564
AMD 412.932221
ANG 2.03473
AOA 1043.296859
ARS 1732.852854
AUD 1.61908
AWG 2.04568
AZN 1.929488
BAM 1.954534
BBD 2.289268
BDT 139.940586
BGN 1.913212
BHD 0.428426
BIF 3405.598941
BMD 1.136489
BND 1.452823
BOB 13.917169
BRL 5.931122
BSD 1.136639
BTN 109.032814
BWP 15.540139
BYN 3.440523
BYR 22275.181494
BZD 2.28585
CAD 1.610182
CDF 2659.383884
CHF 0.94578
CLF 0.027905
CLP 1101.973859
CNY 7.629534
CNH 7.629352
COP 3815.090791
CRC 516.199703
CUC 1.136489
CUP 27.278531
CVE 110.195561
CZK 24.397631
DJF 202.391574
DKK 7.47517
DOP 67.669145
DZD 152.174741
EGP 59.207998
ERN 17.047333
ETB 185.215973
FJD 2.543687
FKP 0.85784
GBP 0.857646
GEL 2.971883
GGP 0.85784
GHS 13.223609
GIP 0.85784
GMD 83.51982
GNF 9995.613402
GTQ 8.680454
GYD 237.819094
HKD 8.915715
HNL 30.510506
HRK 7.5356
HTG 148.750193
HUF 367.764373
IDR 20524.988662
ILS 3.499931
IMP 0.85784
INR 109.087871
IQD 1488.848715
IRR 1562487.493719
ISK 137.015231
JEP 0.85784
JMD 179.923457
JOD 0.805706
JPY 179.039019
KES 147.459877
KGS 99.384244
KHR 4613.072818
KMF 492.099369
KPW 1022.840328
KRW 1546.732948
KWD 0.351005
KYD 0.947199
KZT 499.820645
LAK 25501.818062
LBP 101779.516769
LKR 376.202939
LRD 195.485956
LSL 18.677166
LTL 3.355756
LVL 0.687451
LYD 7.270419
MAD 10.945203
MDL 20.094249
MGA 4985.836285
MKD 61.530145
MMK 2386.439659
MNT 4086.894742
MOP 9.183773
MRU 45.530908
MUR 53.949235
MVR 17.558737
MWK 1970.849416
MXN 20.271643
MYR 4.63937
MZN 72.632755
NAD 18.677166
NGN 1509.756778
NIO 41.823277
NOK 10.81955
NPR 174.457672
NZD 2.006818
OMR 0.43696
PAB 1.136579
PEN 3.862168
PGK 5.14176
PHP 71.020892
PKR 314.915459
PLN 4.372112
PYG 6675.675904
QAR 4.142817
RON 5.279009
RSD 117.533411
RUB 96.029915
RWF 1678.135155
SAR 4.268554
SBD 9.092493
SCR 15.813794
SDG 683.595104
SEK 11.326401
SGD 1.45299
SHP 0.858051
SLE 28.014039
SLL 23831.593749
SOS 649.622085
SRD 42.829764
STD 23523.024669
STN 24.485756
SVC 9.944646
SYP 14776.628339
SZL 18.67248
THB 38.218977
TJS 10.484847
TMT 3.989076
TND 3.36572
TOP 2.736392
TRY 55.667729
TTD 7.714207
TWD 36.153975
TZS 2994.65152
UAH 51.002064
UGX 4449.196379
USD 1.136489
UYU 45.56129
UZS 13428.538127
VES 968.778839
VND 29519.729679
VUV 133.879635
WST 3.120478
XAF 655.957
XAG 0.018625
XAU 0.000275741732
XCD 3.071418
XCG 2.048391
XDR 0.803557
XOF 655.957
XPF 119.331742
YER 268.95031
ZAR 18.679706
ZMK 10229.764221
ZMW 22.134954
ZWL 365.948947
SSP 6492.297005
MXV 2.295711
  • RBGPF

    -1.5200

    64.47

    -2.36%

  • RYCEF

    -0.0700

    19.6

    -0.36%

  • NGG

    -0.4900

    75

    -0.65%

  • BP

    0.6400

    44.79

    +1.43%

  • RELX

    -0.4200

    33.1

    -1.27%

  • BTI

    0.3700

    56

    +0.66%

  • RIO

    -0.4750

    94.085

    -0.5%

  • CMSC

    -0.0700

    20.33

    -0.34%

  • BCC

    -0.1350

    77.005

    -0.18%

  • BCE

    -0.3900

    20.58

    -1.9%

  • VOD

    -0.0350

    16.585

    -0.21%

  • GSK

    0.2100

    49.45

    +0.42%

  • JRI

    -0.1400

    10.88

    -1.29%

  • CMSD

    -0.0900

    20.21

    -0.45%

  • AZN

    -0.2500

    166.33

    -0.15%

UN climate talks chief pushes for rapid draft deal
UN climate talks chief pushes for rapid draft deal / Photo: Giuseppe CACACE - AFP

UN climate talks chief pushes for rapid draft deal

The head of the UN climate summit pressed nations Friday to strike a deal as talks resumed after a break, with only four days left for negotiators to iron out differences over the fate of fossil fuels.

Text size:

While UN climate talks rarely finish on time, COP28 president Sultan Al Jaber has set the ambitious goal of wrapping up the conference in Dubai on schedule at 11 am (0700 GMT) on Tuesday.

With ministers now in town to carry a deal across the line, Jaber said he wanted negotiators to produce a new draft deal on Friday.

Despite disagreements over the future of fossil fuels, Jaber voiced optimism that the talks hosted by the oil-rich United Arab Emirates can finish with a historic agreement.

"We have the potential to deliver a paradigm shift," he said Friday after delegations from nearly 200 nations took a breather the day before.

- 'Get the job done' -

"Let us please get this job done. I need you to step up and I need you to come out of your comfort zones," he said.

Climate campaigners have viewed Jaber with deep suspicion due to his position as the head of UAE national oil firm ADNOC, but he has sought to assure sceptics by stating that a phase down of fossil fuels was "inevitable".

COP28 kicked off last week with the landmark launch of a loss and damage fund for nations devastated by climate change.

"We have surprised the doubters and inspired the optimists," Jaber said.

- The options -

A handful of countries, including oil-rich Saudi Arabia and major crude consumer China, have resisted the inclusion of language on a phase-out of fossil fuels in the final text so far.

A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break.

Tuesday's document contains three options on fossil fuels.

The first calls for an "orderly and just" exit from hydrocarbons, and the second that countries must accelerate efforts towards the phase-out of "unabated" fossil fuels -- those whose emissions cannot be captured -- and "rapidly" reduce their use to achieve net-zero CO2 in energy systems by around 2050.

US climate envoy John Kerry repeated on Wednesday that carbon capture technology was key to efforts to phase out fossil fuels -- a hint that Washington might be leaning towards the second option.

The third and most controversial option effectively proposes not addressing the issue at all.

A negotiator from the pro-phase-out camp said a "coalition is there" for a fossil fuel exit, but that the two opposing camps had yet to go head-to-head in talks.

Scientists warn that greenhouse gas emissions -- the bulk of which come from burning fossil fuels -- must fall by 43 percent by 2030 from 2019 levels for the world to reach the goal of limiting warming to 1.5 degrees Celsius.

- Saudi position -

Saudi Arabia has been the most vocal nation against a phase-out or even a phase-down of fossil fuels.

"As one of the largest producers of hydrocarbons, they refuse to have a solution imposed upon them," Umar Karim, an expert on Saudi politics at the University of Birmingham, told AFP.

Kristian Ulrichsen, a Middle East fellow at Rice University, said Saudi Arabia would seek a coalition with like-minded countries on fossil fuels, including China and Russia.

"The Saudis will not want to be cast as the sole holdout in favour of fossil fuel," Ulrichsen said.

Another thorny issue -- over who will host next year's COP29 -- appears to be headed towards an agreement after Armenia said it was dropping its rival bid in a goodwill gesture to try to normalise relations with its neighbour, petro-state Azerbaijan.

Next year is the turn of Eastern Europe and Russia. Under Western pressure over its invasion of Ukraine, Moscow has blocked the Bulgarian bid, saying no European Union member should take charge.

R.El-Zarouni--DT