Dubai Telegraph - Saudis, Iraq stand firm as COP28 targets fossil fuels

EUR -
AED 4.275666
AFN 72.780078
ALL 95.393423
AMD 429.347931
ANG 2.084524
AOA 1068.77153
ARS 1620.253509
AUD 1.625238
AWG 2.098541
AZN 1.984819
BAM 1.945073
BBD 2.355668
BDT 142.941072
BGN 1.944186
BHD 0.441107
BIF 3482.169409
BMD 1.164239
BND 1.489262
BOB 8.04652
BRL 5.803154
BSD 1.169593
BTN 111.575271
BWP 16.473595
BYN 3.267649
BYR 22819.089661
BZD 2.352272
CAD 1.599973
CDF 2613.717122
CHF 0.914685
CLF 0.026445
CLP 1040.80664
CNY 7.89948
CNH 7.920558
COP 4412.14084
CRC 531.506181
CUC 1.164239
CUP 30.852341
CVE 110.254109
CZK 24.340693
DJF 208.267316
DKK 7.472717
DOP 69.32255
DZD 154.199775
EGP 61.562181
ERN 17.463589
ETB 182.618572
FJD 2.562782
FKP 0.861177
GBP 0.871815
GEL 3.119842
GGP 0.861177
GHS 13.284307
GIP 0.861177
GMD 84.405421
GNF 10255.542125
GTQ 8.884005
GYD 243.613344
HKD 9.117059
HNL 31.104249
HRK 7.535885
HTG 153.1556
HUF 360.049724
IDR 20490.960396
ILS 3.390244
IMP 0.861177
INR 111.70585
IQD 1525.153442
IRR 1530974.638351
ISK 143.609052
JEP 0.861177
JMD 184.923397
JOD 0.825483
JPY 184.673373
KES 150.361612
KGS 101.812374
KHR 4692.656422
KMF 491.309356
KPW 1047.781183
KRW 1751.050907
KWD 0.359145
KYD 0.970444
KZT 551.207745
LAK 25560.873628
LBP 104243.676363
LKR 378.751203
LRD 213.347445
LSL 19.198119
LTL 3.437696
LVL 0.704237
LYD 7.423706
MAD 10.721188
MDL 20.104538
MGA 4898.527183
MKD 61.672507
MMK 2444.745362
MNT 4168.128186
MOP 9.394668
MRU 46.736784
MUR 54.917397
MVR 17.944448
MWK 2027.634651
MXN 20.161306
MYR 4.596998
MZN 74.406853
NAD 19.198325
NGN 1594.646111
NIO 43.041912
NOK 10.827949
NPR 179.30867
NZD 1.984792
OMR 0.447642
PAB 1.164453
PEN 4.013105
PGK 4.904914
PHP 71.866127
PKR 325.754055
PLN 4.248618
PYG 7127.037408
QAR 4.244236
RON 5.203912
RSD 117.383959
RUB 85.278713
RWF 1710.688755
SAR 4.370727
SBD 9.332701
SCR 16.996581
SDG 699.134444
SEK 10.976739
SGD 1.488888
SHP 0.869222
SLE 28.699004
SLL 24413.51779
SOS 668.453179
SRD 43.317866
STD 24097.402267
STN 24.472658
SVC 10.188548
SYP 128.681891
SZL 19.184566
THB 37.919857
TJS 10.881648
TMT 4.074837
TND 3.362315
TOP 2.803209
TRY 53.024515
TTD 7.906194
TWD 36.762016
TZS 3029.942739
UAH 51.417255
UGX 4354.870851
USD 1.164239
UYU 46.37306
UZS 14023.261923
VES 593.935283
VND 30689.347116
VUV 137.470647
WST 3.153367
XAF 655.224958
XAG 0.014894
XAU 0.000255
XCD 3.146415
XCG 2.098617
XDR 0.81489
XOF 655.224958
XPF 119.331742
YER 277.845635
ZAR 19.360723
ZMK 10479.556608
ZMW 22.017401
ZWL 374.884569
  • JRI

    0.0100

    13.14

    +0.08%

  • RBGPF

    0.8900

    61.68

    +1.44%

  • BCC

    2.4200

    69.4

    +3.49%

  • RIO

    -2.4500

    109.59

    -2.24%

  • CMSC

    0.0898

    23.14

    +0.39%

  • BCE

    -0.2000

    24.19

    -0.83%

  • CMSD

    0.0400

    23.6

    +0.17%

  • NGG

    0.4500

    87.43

    +0.51%

  • RYCEF

    -0.1300

    15.9

    -0.82%

  • RELX

    -0.1600

    31.46

    -0.51%

  • VOD

    -0.0300

    15.48

    -0.19%

  • AZN

    -2.7600

    184.96

    -1.49%

  • GSK

    -0.0300

    50.96

    -0.06%

  • BP

    -0.0200

    44.12

    -0.05%

  • BTI

    1.3500

    66.7

    +2.02%

Saudis, Iraq stand firm as COP28 targets fossil fuels
Saudis, Iraq stand firm as COP28 targets fossil fuels / Photo: Giuseppe CACACE - AFP

Saudis, Iraq stand firm as COP28 targets fossil fuels

Saudi Arabia and Iraq stood their ground at UN climate talks on Sunday as pressure mounted for nations to agree on a phase-out of fossil fuels at COP28 in Dubai.

Text size:

With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give their views in a "majlis" -- a traditional Gulf Arab meeting held in a circle.

While Jaber called the meeting in an effort to produce a compromise, warning that "failure is not an option", countries held firm in their positions.

The European Union and members of Pacific islands states threatened by rising seas reiterated their calls for a phase-out of fossil fuels.

Saudi Arabia, the world's top oil exporter, has voiced its opposition to any phase-out or phase-down of fossil fuels and OPEC has urged its members to block any such language at COP28.

A Saudi official told the COP28 majlis that Riyadh's "perspectives and concerns" must be taken into account.

"The politically backed points about targeting specific energy sectors, it's something that we have heard at many different discussions and many different settings, but in each and every time, science, common sense, principles prevailed," he added.

An Iraqi representative was more direct, saying his country was against any "mention (of) global sectorial targets" including a phase-out or phase-down of fossil fuels.

Scientists say the world must end its use of fossil fuels, which are responsible for the bulk of greenhouse gas emissions, if it is to limit warming to 1.5 degrees Celsius and avoid the most catastrophic climate scenarios.

A third draft of a deal, released on Friday, offers various ways to phase out fossil fuels but also includes the option to avoid the issue entirely.

- 'A marathon' -

Developing countries say they cannot be expected to move at the same pace as developed nations who owe their wealth to the burning of oil, gas and coal.

At the majlis, China's representative said climate action was a "marathon, not a sprint".

He said developed nations are ahead of the pack and should help developing countries by providing the funds needed for their energy transitions.

Bolivia denounced the "hypocrisy" of countries that press the developing world on climate change while expanding their own production of fossil fuels. He named the United States, Canada, Norway and Australia.

Standing in the middle of the circle, Jaber closed the meeting by urging countries to make the event be known as a "change-makers majlis".

"We are now in the endgame," he said. "To deliver the very balanced, ambitious outcome we need, we need you to act as the change-makers.

He added: "I hope that you won't let me down."

- 'Blockers at every stage' -

Alden Meyer, senior associate at E3G climate think-tank, said Saudi Arabia has been "blockers" at every COP for over 30 years.

Meyer said it is not "compromise language" in a deal that will sway the Saudis.

"It's going to be immense geopolitical pressure from the US, China, Europe and others saying, 'Don't be the last ones that blow up the success of this Conference of the Parties meeting,'" he said.

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.

"This is why we need a package that combines energy transition and energy access," said Germany's climate envoy Jennifer Morgan.

- Pope prayers -

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."

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.

F.Chaudhary--DT