Dubai Telegraph - 'Time to deliver': pressure grows for climate deal in Dubai

EUR -
AED 4.239003
AFN 75.596282
ALL 93.061819
AMD 421.273357
ANG 2.065866
AOA 1059.605841
ARS 1721.849601
AUD 1.633375
AWG 2.079102
AZN 1.961987
BAM 1.956614
BBD 2.324406
BDT 141.658907
BGN 1.958039
BHD 0.43517
BIF 3450.419872
BMD 1.154255
BND 1.477108
BOB 13.531627
BRL 5.982737
BSD 1.15405
BTN 110.090303
BWP 15.535056
BYN 3.470853
BYR 22623.397686
BZD 2.321045
CAD 1.605638
CDF 2623.621533
CHF 0.938987
CLF 0.026818
CLP 1055.497207
CNY 7.783367
CNH 7.785375
COP 3607.589325
CRC 518.20202
CUC 1.154255
CUP 30.587757
CVE 110.310393
CZK 24.216615
DJF 205.510118
DKK 7.475671
DOP 67.546333
DZD 153.433913
EGP 57.91613
ERN 17.313825
ETB 184.622812
FJD 2.554886
FKP 0.855276
GBP 0.854974
GEL 3.012228
GGP 0.855276
GHS 12.845342
GIP 0.855276
GMD 84.836392
GNF 10138.127994
GTQ 8.804623
GYD 241.450404
HKD 9.057139
HNL 31.009102
HRK 7.535554
HTG 150.95408
HUF 363.301595
IDR 20559.474349
ILS 3.416294
IMP 0.855276
INR 110.157305
IQD 1512.651156
IRR 1586624.468509
ISK 142.19234
JEP 0.855276
JMD 182.581179
JOD 0.818365
JPY 183.74181
KES 149.141648
KGS 100.939436
KHR 4670.922117
KMF 492.866697
KPW 1038.829825
KRW 1631.793343
KWD 0.356388
KYD 0.961775
KZT 537.059372
LAK 26038.15092
LBP 103345.188913
LKR 384.699975
LRD 209.470736
LSL 18.617258
LTL 3.408214
LVL 0.698197
LYD 7.350866
MAD 10.689845
MDL 20.03381
MGA 4969.067194
MKD 61.550595
MMK 2423.258953
MNT 4152.238993
MOP 9.328081
MRU 46.246829
MUR 54.376826
MVR 17.833581
MWK 2001.180156
MXN 19.655347
MYR 4.712943
MZN 73.767938
NAD 18.617258
NGN 1572.926734
NIO 42.467476
NOK 10.950596
NPR 176.140668
NZD 1.967052
OMR 0.443813
PAB 1.15408
PEN 3.893337
PGK 5.081604
PHP 70.829129
PKR 320.623159
PLN 4.310063
PYG 6887.68515
QAR 4.205531
RON 5.24193
RSD 117.312742
RUB 95.891022
RWF 1695.600571
SAR 4.332992
SBD 9.290117
SCR 16.055921
SDG 693.125335
SEK 11.018922
SGD 1.47706
SHP 0.855148
SLE 28.27378
SLL 24204.148994
SOS 659.652558
SRD 43.541383
STD 23890.747737
STN 24.729913
SVC 10.097937
SYP 15007.623193
SZL 18.62226
THB 38.297993
TJS 10.663919
TMT 4.051435
TND 3.387754
TOP 2.779169
TRY 55.271156
TTD 7.826051
TWD 36.922264
TZS 3053.898964
UAH 51.587211
UGX 4284.781778
USD 1.154255
UYU 46.24003
UZS 13793.347202
VES 888.902265
VND 30126.632209
VUV 136.908487
WST 3.155336
XAF 656.212823
XAG 0.017991
XAU 0.000266
XCD 3.119432
XCG 2.079911
XDR 0.816118
XOF 656.195446
XPF 119.331742
YER 273.791514
ZAR 18.689183
ZMK 10389.687771
ZMW 21.696834
ZWL 371.669634
  • RBGPF

    -0.8200

    71.34

    -1.15%

  • CMSC

    0.0250

    21.475

    +0.12%

  • CMSD

    0.0000

    21.59

    0%

  • BCC

    -0.1200

    84.13

    -0.14%

  • BCE

    0.1900

    23.32

    +0.81%

  • RIO

    -3.0200

    98.2

    -3.08%

  • RYCEF

    -0.3900

    20.71

    -1.88%

  • JRI

    -0.0300

    12.68

    -0.24%

  • NGG

    0.5200

    81.2

    +0.64%

  • GSK

    0.1500

    50.45

    +0.3%

  • RELX

    0.1200

    34.67

    +0.35%

  • BTI

    1.5100

    57.35

    +2.63%

  • AZN

    -1.2600

    157.24

    -0.8%

  • BP

    -0.1000

    42.83

    -0.23%

  • VOD

    0.1300

    16.22

    +0.8%

'Time to deliver': pressure grows for climate deal in Dubai
'Time to deliver': pressure grows for climate deal in Dubai / Photo: Giuseppe CACACE - AFP

'Time to deliver': pressure grows for climate deal in Dubai

The president of the UN's COP28 climate talks urged negotiators to compromise on Sunday, warning "failure is not an option" as efforts to reach a deal on phasing out fossil fuels met resistance from top oil exporter Saudi Arabia.

Text size:

Less than 48 hours before Tuesday's scheduled deadline, the United Arab Emirates' COP28 chief Sultan Al Jaber said: "I want everyone to show flexibility to act with urgency and to find the common ground.

"The time has come for us to shift gears. The time has come for us to deliver," he told reporters.

- 'We need to find consensus' -

Jaber organised a majlis -- a traditional Gulf Arab meeting held in a circle -- with ministers in a bid to reach a compromise.

"Failure is not an option. What we are after is the common good. What we're after is what in the best interest of everyone, everywhere," he said ahead of the meeting.

"We need to find consensus and common ground on fossil fuel, including coal," Jaber added.

Earlier, Germany's chief negotiator Jennifer Morgan urged Jaber, the UAE's climate envoy and state oil company chief, to push for an ambitious agreement.

"There is a real urgency of action to keep the planetary pain threshold of 1.5 degrees in reach," she said, referring to the goal outlined in the 2015 Paris agreement.

"The COP presidency has reiterated many times that they are here to facilitate an ambitious decision. This means there needs to be strong language on the phase-out of fossil fuels in line with 1.5C."

- 'Blockers at every stage' -

Saudi Arabia, the world's top oil exporter, is said to be the chief opponent of attempts to phase down or phase out fossil fuels, along with India, a major coal producer and consumer.

"I've been following Saudi Arabia in this process for over 30 years and they have been blockers at every stage," said Alden Meyer, senior associate at E3G climate think-tank.

"However, if the (COP28) presidency and other countries can succeed in getting China, India, Russia and others to move and accept some kind of language on fossil fuel phase-out, the pressure on the Saudis will be overwhelming."

A strong final agreement also depends on wealthier nations pledging to provide financial help so that emerging nations can install more solar and wind technology and adapt to the impacts of climate change.

"It is clear that least developed countries will not be able to go at the same speed as G20 economic powerhouses," Morgan said.

"They have to meet development needs but also have the opportunity now to leapfrog unsustainable decisions. This is why we need a package that combines energy transition and energy access."

- 'Deep cuts' -

United Nations Secretary-General Antonio Guterres kept up the pressure, urging delegates to agree big cuts to emissions and calling on oil and gas companies to lead the energy transition.

"I urge fossil fuel companies to use their enormous resources to lead the renewables revolution," he told the Doha Forum in Qatar.

"And I urge global leaders at COP28 in Dubai to agree on deep cuts to emissions in line with 1.5 degrees. That is the only road not only to climate sustainability, but economic sustainability."

- Prayers from the Pope -

At St. Peter's Square in the Vatican, Pope Francis, who missed COP28 following a bout of bronchitis, instructed his followers to pray for a good outcome in Dubai.

"I ask you to pray for us to have good results to safeguard our common home and protect populations," he said during his weekly public prayers.

- 'Not nearly enough' -

Adding further urgency, the International Energy Agency released an assessment showing that non-binding pledges by governments and oil and gas companies so far at COP28 would fall far short of what is required.

The pledges -- tripling renewable energy and doubling energy efficiency by 2030, and sharply reducing methane emissions by energy companies -- would cut energy-related greenhouse gas emissions by only 30 percent of what is needed by 2030, the IEA said.

"While the pledges are positive steps... they would not be nearly enough to move the world onto a path to reaching international climate targets, in particular the goal of limiting global warming to 1.5 degrees Celsius," it said.

J.Chacko--DT