Berliner Boersenzeitung - UN climate talks open in oil-rich UAE with pressure for urgent action

EUR -
AED 4.314099
AFN 76.936429
ALL 96.605599
AMD 448.400944
ANG 2.102883
AOA 1077.044807
ARS 1691.556453
AUD 1.764619
AWG 2.114155
AZN 2.001365
BAM 1.959379
BBD 2.366212
BDT 143.572249
BGN 1.956545
BHD 0.440843
BIF 3482.482632
BMD 1.17453
BND 1.517265
BOB 8.117793
BRL 6.365607
BSD 1.174841
BTN 106.244614
BWP 15.566367
BYN 3.463412
BYR 23020.795811
BZD 2.362806
CAD 1.618562
CDF 2630.948518
CHF 0.934916
CLF 0.027253
CLP 1069.11676
CNY 8.28573
CNH 8.284609
COP 4467.326371
CRC 587.670939
CUC 1.17453
CUP 31.125056
CVE 110.728901
CZK 24.276491
DJF 208.738004
DKK 7.472132
DOP 74.994227
DZD 152.329593
EGP 55.571073
ERN 17.617956
ETB 182.316528
FJD 2.660605
FKP 0.879936
GBP 0.878351
GEL 3.175767
GGP 0.879936
GHS 13.489529
GIP 0.879936
GMD 85.741137
GNF 10207.844111
GTQ 8.998437
GYD 245.78791
HKD 9.137671
HNL 30.777205
HRK 7.537789
HTG 153.990624
HUF 385.234681
IDR 19536.845016
ILS 3.785271
IMP 0.879936
INR 106.356551
IQD 1538.634822
IRR 49474.161194
ISK 148.465122
JEP 0.879936
JMD 188.10359
JOD 0.832789
JPY 182.940203
KES 151.401433
KGS 102.713135
KHR 4705.169188
KMF 492.719958
KPW 1057.060817
KRW 1732.409297
KWD 0.360233
KYD 0.979084
KZT 612.71658
LAK 25463.81945
LBP 105179.197597
LKR 363.02155
LRD 207.92129
LSL 19.826521
LTL 3.468083
LVL 0.710462
LYD 6.366402
MAD 10.795403
MDL 19.860192
MGA 5297.132504
MKD 61.543973
MMK 2466.385496
MNT 4167.553805
MOP 9.420668
MRU 46.676283
MUR 53.915339
MVR 18.092159
MWK 2039.576425
MXN 21.158465
MYR 4.812408
MZN 75.064681
NAD 19.826516
NGN 1706.088063
NIO 43.193401
NOK 11.906572
NPR 169.991784
NZD 2.023657
OMR 0.449616
PAB 1.174841
PEN 4.232665
PGK 5.002564
PHP 69.43241
PKR 329.132826
PLN 4.225315
PYG 7891.414466
QAR 4.276587
RON 5.092651
RSD 117.424033
RUB 93.579038
RWF 1704.243608
SAR 4.407202
SBD 9.603843
SCR 17.568707
SDG 706.484352
SEK 10.887784
SGD 1.517538
SHP 0.881202
SLE 28.335591
SLL 24629.319496
SOS 671.248424
SRD 45.275842
STD 24310.407882
STN 24.958771
SVC 10.279733
SYP 12986.886804
SZL 19.826507
THB 37.021631
TJS 10.796675
TMT 4.122602
TND 3.424975
TOP 2.827988
TRY 50.147872
TTD 7.972529
TWD 36.804032
TZS 2901.090478
UAH 49.639761
UGX 4175.627205
USD 1.17453
UYU 46.104017
UZS 14097.305357
VES 314.116117
VND 30897.196663
VUV 142.580188
WST 3.259869
XAF 657.154562
XAG 0.018954
XAU 0.000273
XCD 3.174228
XCG 2.117359
XDR 0.816516
XOF 655.388352
XPF 119.331742
YER 280.129715
ZAR 19.820676
ZMK 10572.187233
ZMW 27.109403
ZWL 378.198309
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    81.17

    0%

  • CMSD

    -0.1500

    23.25

    -0.65%

  • NGG

    0.2400

    74.93

    +0.32%

  • GSK

    -0.0700

    48.81

    -0.14%

  • BTI

    -1.2700

    57.1

    -2.22%

  • RIO

    -1.0800

    75.66

    -1.43%

  • RELX

    0.1000

    40.38

    +0.25%

  • CMSC

    -0.1300

    23.3

    -0.56%

  • BCE

    0.3100

    23.71

    +1.31%

  • BCC

    0.2500

    76.51

    +0.33%

  • JRI

    -0.0200

    13.7

    -0.15%

  • RYCEF

    -0.2500

    14.6

    -1.71%

  • AZN

    -0.4600

    89.83

    -0.51%

  • BP

    -0.2700

    35.26

    -0.77%

  • VOD

    0.0500

    12.59

    +0.4%

UN climate talks open in oil-rich UAE with pressure for urgent action
UN climate talks open in oil-rich UAE with pressure for urgent action / Photo: Karim SAHIB - AFP/File

UN climate talks open in oil-rich UAE with pressure for urgent action

The UN climate conference opened Thursday with nations urged to make faster cuts to planet-warming emissions and phase out fossil fuels as scepticism swirls over the oil-rich United Arab Emirates hosting the talks.

Text size:

The two-week-long negotiations in a vast exhibition venue in Dubai come at a pivotal moment, with emissions still climbing and the UN saying this year is likely to be the hottest in human history.

World leaders, Britain's King Charles III and activists and lobbyists are among more than 97,000 people jetting into the flashy Gulf city, which boasts the world's tallest skyscraper, one of its busiest airports, and an indoor ski slope.

Double the size of last year's conference, COP28 is billed as the largest-ever climate gathering and the UN and hosts the UAE say they will be the most important since Paris 2015.

There, nations agreed to limit global warming to well below 2 degrees Celsius since the pre-industrial era, and preferably to a safer limit of 1.5C.

But scientists say the world is off-track, and the nearly 200 nations gathering for COP28 must commit to accelerating climate action or risk the worst impacts of a warming planet.

UN Secretary-General Antonio Guterres said leaders should aim for a complete "phaseout" of fossil fuels, a proposal opposed by some powerful nations that has dogged past negotiations.

"Obviously, I am strongly in favour of language that includes (a) phaseout, even with a reasonable time framework," Guterres told AFP before flying to Dubai.

A central focus will be a stocktake of the world's limited progress on curbing global warming, which requires an official response at these talks.

- Hosts under fire -

On Thursday, nations are expected to formally approve the launch of a "loss and damage" fund to compensate climate-vulnerable countries after a year of hard-fought negotiations over how it would work.

But it remains to be filled, with rich nations urged to make contributions so the money can start flowing.

The UAE sees itself as a bridge between the rich developed nations most responsible for historic emissions and the rest of the world, which has contributed less to global warming but suffers its worst consequences.

But the decision for it to host has attracted a firestorm of criticism, particularly as the man appointed to steer the talks, Sultan Al Jaber, is also head of UAE state oil giant ADNOC.

Jaber, who also chairs a clean energy company, has defended his record, and strenuously denied this week that he used the COP presidency to pursue new fossil fuel deals, allegations first reported by the BBC.

Christiana Figueres, who was UN climate chief when the Paris deal was reached, questioned the role of fossil fuel companies at COP and said she was "giving up hope" they could be part of the solution to warming.

Guterres said Jaber was in a better position to tell the oil industry that a fossil fuel phaseout was necessary than "if he was the member of an NGO with a very solid pro-climate record."

"A very clear signal that the era of fossil fuels needs to end very rapidly is our litmus test for COP28," said Romain Ioualalen, global policy campaign manager at Oil Change International.

- Rule by consensus -

Rallying a common position on the matter will be difficult at COP where all nations -- whether dependent on oil, sinking beneath rising seas or locked in geopolitical rivalry -- must take decisions unanimously.

The UAE hopes to marshal an agreement on the tripling of renewable energy and doubling the annual rate of energy efficiency improvements by 2030.

Nations will navigate a range of thorny issues between November 30 and December 12, and experts say geopolitical tensions and building trust could be a huge challenge.

At the opening of the conference, delegates were asked to pause for a minute's silence for civilians killed in the Gaza conflict.

On the sidelines of COP, Israeli President Isaac Herzog will hold talks with diplomats on the release of hostages held by Hamas, his office said. He is also scheduled to speak on Friday within minutes of Mahmoud Abbas, leader of the Palestinian Authority.

Neither US President Joe Biden nor Chinese President Xi Jinping are attending, though Washington is sending Vice President Kamala Harris.

But the US and China, the world's two biggest polluters, did make a rare joint announcement on the climate this month that spurred optimism going into COP.

(B.Hartmann--BBZ)