Berliner Boersenzeitung - Fight on fossil fuels as Dubai summit goes into overtime

EUR -
AED 4.273878
AFN 76.929127
ALL 96.379094
AMD 444.029361
ANG 2.083179
AOA 1067.160055
ARS 1669.416082
AUD 1.756076
AWG 2.097662
AZN 1.986139
BAM 1.953746
BBD 2.344036
BDT 142.270436
BGN 1.958507
BHD 0.438716
BIF 3450.523461
BMD 1.163752
BND 1.50922
BOB 8.07055
BRL 6.312773
BSD 1.163777
BTN 104.758321
BWP 15.48279
BYN 3.365776
BYR 22809.531139
BZD 2.340649
CAD 1.611051
CDF 2597.493612
CHF 0.938927
CLF 0.027431
CLP 1076.097443
CNY 8.227841
CNH 8.228277
COP 4460.75294
CRC 568.302563
CUC 1.163752
CUP 30.839417
CVE 110.149204
CZK 24.289713
DJF 206.821409
DKK 7.468003
DOP 74.611563
DZD 151.371482
EGP 55.249686
ERN 17.456274
ETB 180.916386
FJD 2.627056
FKP 0.872848
GBP 0.873489
GEL 3.136351
GGP 0.872848
GHS 13.296079
GIP 0.872848
GMD 84.953493
GNF 10116.36502
GTQ 8.914628
GYD 243.485079
HKD 9.053639
HNL 30.651777
HRK 7.535521
HTG 152.379808
HUF 384.442972
IDR 19425.807019
ILS 3.75211
IMP 0.872848
INR 104.919534
IQD 1524.597244
IRR 49008.486669
ISK 148.925001
JEP 0.872848
JMD 186.573861
JOD 0.825134
JPY 181.251401
KES 150.415155
KGS 101.769713
KHR 4659.122046
KMF 491.102923
KPW 1047.376277
KRW 1709.271735
KWD 0.357353
KYD 0.969885
KZT 594.694818
LAK 25239.574959
LBP 104218.886105
LKR 359.122467
LRD 205.414937
LSL 19.761725
LTL 3.436256
LVL 0.703942
LYD 6.324351
MAD 10.750998
MDL 19.732341
MGA 5189.566687
MKD 61.575268
MMK 2443.912111
MNT 4128.961065
MOP 9.326695
MRU 46.412208
MUR 53.672132
MVR 17.921437
MWK 2018.087126
MXN 21.224848
MYR 4.786529
MZN 74.375488
NAD 19.761725
NGN 1687.975205
NIO 42.82498
NOK 11.782974
NPR 167.613514
NZD 2.013983
OMR 0.447466
PAB 1.163782
PEN 3.914685
PGK 4.938808
PHP 68.915001
PKR 328.919419
PLN 4.236737
PYG 8003.58611
QAR 4.24204
RON 5.089434
RSD 117.39691
RUB 89.085229
RWF 1693.319872
SAR 4.367546
SBD 9.578365
SCR 17.319792
SDG 699.993726
SEK 10.936484
SGD 1.509985
SHP 0.873115
SLE 27.577665
SLL 24403.286774
SOS 663.904912
SRD 44.989471
STD 24087.308281
STN 24.474271
SVC 10.183295
SYP 12867.404641
SZL 19.756231
THB 37.121382
TJS 10.677875
TMT 4.084768
TND 3.418506
TOP 2.802035
TRY 49.542303
TTD 7.884745
TWD 36.286352
TZS 2851.191739
UAH 49.062922
UGX 4117.671236
USD 1.163752
UYU 45.462207
UZS 13954.330301
VES 296.235219
VND 30676.491878
VUV 141.795077
WST 3.245249
XAF 655.270952
XAG 0.020049
XAU 0.000278
XCD 3.145097
XCG 2.097495
XDR 0.81481
XOF 655.26814
XPF 119.331742
YER 277.612714
ZAR 19.80193
ZMK 10475.154659
ZMW 26.912823
ZWL 374.727537
  • CMSC

    -0.0350

    23.395

    -0.15%

  • BCC

    -0.5800

    72.47

    -0.8%

  • RIO

    -0.0260

    73.034

    -0.04%

  • NGG

    -0.0600

    75.35

    -0.08%

  • BTI

    0.4850

    57.495

    +0.84%

  • RBGPF

    0.8500

    79.2

    +1.07%

  • GSK

    0.1100

    48.52

    +0.23%

  • SCS

    0.0000

    16.14

    0%

  • RYCEF

    0.3100

    14.8

    +2.09%

  • AZN

    0.5500

    90.73

    +0.61%

  • JRI

    -0.0900

    13.7

    -0.66%

  • RELX

    -0.8060

    39.514

    -2.04%

  • CMSD

    0.0300

    23.28

    +0.13%

  • BCE

    -0.2850

    23.265

    -1.23%

  • VOD

    0.0050

    12.475

    +0.04%

  • BP

    0.0350

    35.865

    +0.1%

Fight on fossil fuels as Dubai summit goes into overtime
Fight on fossil fuels as Dubai summit goes into overtime / Photo: Karim SAHIB - AFP/File

Fight on fossil fuels as Dubai summit goes into overtime

Western powers and nations most threatened by climate change fought Tuesday against oil producer Saudi Arabia for stronger calls on exiting fossil fuels as negotiators worked past a host-set deadline in UN talks in Dubai.

Text size:

The 13-day COP28 summit in the glitzy metropolis built on petrodollars has debated a historic first-ever global "phase-out" from oil, gas and coal, the main culprits in a planetary crisis of warming.

But a draft put forward on Monday by COP28 president Sultan Al Jaber, himself head of the UAE oil company, fell well short, instead presenting reductions in fossil fuels as one of several options.

With low-lying island nations warning that their very survival is at risk, negotiators worked through the night and the Emirati hosts promised a new draft to try to find consensus.

Denmark's Dan Jorgensen, one of the climate ministers tasked with leading the talks, said that the Dubai summit needed to be clear that fossil fuels were on their way out.

"I'm personally not married to one word," he said. "But I am insisting that the meaning of this formulation, whichever one we will end up having, has to be extremely ambitious."

French Energy Minister Agnes Pannier-Runacher called for the "clearest language possible" but added: "Obviously we can accept edits that note that we're not all coming from the same place."

- China low-key, Saudis opposed -

Veteran US negotiator John Kerry has also urged stronger language on phasing out fossil fuel, even though the United States is the world's top oil producer.

Kerry met ahead of COP28 with his Chinese counterpart and reached an agreement to ramp up renewables, hoping to keep tensions between the two powers -- the world's largest greenhouse gas emitters -- from scuttling global action on climate.

"I wouldn't say China is fighting with us, but we're not fighting China," said one person close to the negotiations who backs phasing out fossil fuels.

But as for the Saudis, "they show forcefully that they are not willing to move," the person said.

Saudi Arabia, built on oil wealth, has told COP28 to take its "concerns" into consideration while the OPEC oil cartel has urged members to resist calls to end their lucrative export.

The most emotionally charged appeals have come from low-lying islands, which fear being submerged as polar ice melts and whose teams flew to Dubai at great expense to their national budgets.

John Silk, the negotiator from the Marshall Islands, which lies on average 2.1 metres (seven feet) above sea level, said Monday that his country "did not come here to sign our death warrant".

Vanessa Nakate, 27, a leading climate activist from Uganda, said the summit had to address fossil fuels.

"If leaders fail to address the root cause of the climate crisis after 28 years of climate conferences, then they aren't only failing us, but they're making us lose trust in the entire COP process," she said.

- Seeking consensus -

The Emirati hosts put a brave face on the outrage, noting that UN rules require consensus from the nearly 200 countries at COP28.

"We need to work on how we put their views into the text in a way that everybody can be happy with," said Majid Al Suwaidi, COP28 director general.

The text, he said, offered "honest, practical, pragmatic conversations about where people's red lines really were".

Seeking to force decisions, the Emiratis had urged a deal before the summit's official close Tuesday morning, but Suwaidi said after the deadline that the priority was to "get the most ambitious outcome possible".

Zambia, speaking on behalf of the African bloc, supported a phase-down but said the continent's oil producers must receive financial support.

Scientists say the planet has already warmed by 1.2 degrees Celsius (2.2 Fahrenheit) from pre-industrial times and that 2023 -- marked by lethal disasters including wildfires across the world -- has likely been the warmest in 100,000 years.

 

(A.Berg--BBZ)