The China Mail - US joins COP28 push to end fossil fuels but keeps on pumping

USD -
AED 3.672501
AFN 64.000052
ALL 81.197358
AMD 364.066319
ANG 1.790365
AOA 916.999774
ARS 1525.000898
AUD 1.438383
AWG 1.8025
AZN 1.704465
BAM 1.725719
BBD 2.018882
BDT 123.247965
BGN 1.683441
BHD 0.377906
BIF 3005.722202
BMD 1
BND 1.279885
BOB 12.063778
BRL 5.183402
BSD 1.002338
BTN 96.076978
BWP 14.120969
BYN 3.01672
BYR 19600
BZD 2.01597
CAD 1.424315
CDF 2312.495038
CHF 0.836375
CLF 0.024656
CLP 973.539953
CNY 6.70475
CNH 6.714101
COP 3314.79
CRC 457.846208
CUC 1
CUP 24.056893
CVE 97.29465
CZK 21.58325
DJF 178.497375
DKK 6.60147
DOP 59.602065
DZD 133.940995
EGP 51.992301
ERN 15
ETB 160.99988
EUR 0.88312
FJD 2.24875
FKP 0.753812
GBP 0.754325
GEL 2.595019
GGP 0.753812
GHS 11.732889
GIP 0.753812
GMD 74.000416
GNF 8750.000269
GTQ 7.658099
GYD 209.730789
HKD 7.846595
HNL 26.850145
HRK 6.6546
HTG 131.186306
HUF 323.547501
IDR 17952
ILS 3.06855
IMP 0.753812
INR 95.985504
IQD 1310
IRR 1693849.999896
ISK 120.989912
JEP 0.753812
JMD 158.635902
JOD 0.709052
JPY 158.295999
KES 129.709633
KGS 87.448703
KHR 4056.000101
KMF 434.999789
KPW 900.000318
KRW 1358.484957
KWD 0.3089
KYD 0.835337
KZT 440.918897
LAK 22440.000239
LBP 89549.999842
LKR 331.231884
LRD 171.401635
LSL 16.450172
LTL 2.95274
LVL 0.604891
LYD 6.4159
MAD 9.723465
MDL 17.796797
MGA 4424.999837
MKD 54.331282
MMK 2099.783199
MNT 3598.053803
MOP 8.102072
MRU 40.084977
MUR 47.820549
MVR 15.459904
MWK 1735.99982
MXN 18.075735
MYR 4.087499
MZN 63.894034
NAD 16.459649
NGN 1327.110278
NIO 36.655019
NOK 9.630697
NPR 153.717739
NZD 1.77846
OMR 0.384509
PAB 1.002374
PEN 3.450503
PGK 4.444973
PHP 62.756498
PKR 277.050328
PLN 3.85302
PYG 5864.031411
QAR 3.645027
RON 4.6575
RSD 103.803969
RUB 83.373148
RWF 1475
SAR 3.780993
SBD 8.065041
SCR 14.585024
SDG 601.498309
SEK 10.01374
SGD 1.279395
SHP 0.754575
SLE 24.600496
SLL 20969.491881
SOS 571.483762
SRD 37.621498
STD 20697.981008
STN 21.675
SVC 8.77073
SYP 13002.000254
SZL 16.449742
THB 33.612502
TJS 9.232161
TMT 3.5
TND 2.97262
TOP 2.40776
TRY 49.034485
TTD 6.800164
TWD 31.922806
TZS 2640.003002
UAH 44.775489
UGX 3929.198542
UYU 40.386126
UZS 11820.000246
VES 859.100049
VND 25969.5
VUV 119.747847
WST 2.7762
XAF 579.288877
XAG 0.016302
XAU 0.000238595436
XCD 2.70255
XCG 1.806559
XDR 0.707052
XOF 579.288877
XPF 105.84944
YER 236.425006
ZAR 16.425675
ZMK 9001.19828
ZMW 19.596771
ZWL 321.999592
SSP 5712.591903
MXV 2.045685
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

US joins COP28 push to end fossil fuels but keeps on pumping
US joins COP28 push to end fossil fuels but keeps on pumping / Photo: © AFP

US joins COP28 push to end fossil fuels but keeps on pumping

The United States is helping lead the charge at UN climate talks to phase out fossil fuels, but the superpower's status as the world's top oil producer is already casting doubt on its credibility.

Text size:

Often cast by environmentalists as a laggard or even villain in climate diplomacy, especially under Republican presidents, the United States has startled some veteran observers at the COP28 summit by supporting calls to end extraction of oil, gas and coal, with major oil exporter Saudi Arabia the most vocal opponent.

The cooperative approach marks a new legacy-making effort by US climate envoy John Kerry, a former secretary of state, senator and presidential contender who turns 80 on Monday in the heat of negotiations.

Recalling his role in the 2015 Paris accord, which set an ambition of capping global warming at 1.5 degrees Celsius above pre-industrial levels, Kerry said he felt a sense of "mission and urgency" in Dubai following a slew of record temperatures and disasters.

US President Joe Biden has poured money into climate projects, with his signature legislative package, the $1.2 trillion Inflation Reduction Act, funding major investment in electric cars, power grid upgrades and other green areas.

But the United States, after years of expansion driven by new technologies, is also by far the world's largest oil producer, pumping last year an average of 20 million barrels a day, or 21 percent of the global total, according to the US Energy Information Administration.

"We ourselves are drunk on oil and natural gas that the United States exports every single day," Senator Ed Markey, a member of Biden's Democratic Party elected to Kerry's former seat, told reporters at COP28.

"Our companies don't want to stop doing that either," he said, warning the United States was in little position to "teach temperance".

- Drilling at home -

Biden has kept up the pace of his climate-sceptic predecessor Donald Trump in approving drilling on public lands, in part citing a need to make up for shortfalls after Western sanctions imposed on Russia over its invasion of Ukraine.

"While it's talking about a phase-out here, we also need the Biden administration to do more at home," said Allie Rosenbluth of the advocacy group Oil Change International.

She also said the administration was betting on "technologies that we know don't work and that are prohibitively expensive" -- a reference to the heavy investment in carbon capture, which aims to reduce emissions from fossil fuels.

Draft texts at COP28 talk of reducing "unabated" emissions from fossil fuels -- code for still allowing oil, gas and coal but trying to reduce their impact.

Still, some environmentalists were pleasantly surprised that the United States appeared to be going along with strong language on ending fossil fuel extraction.

"There is a tangible shift that we've seen in the US foreign policy on climate where they are moving away from reliance on carbon capture and storage and other technologies and pure market mechanisms to address the climate emergency," said Jean Su of the Center for Biological Diversity.

- Eyes on Trump -

There is one elephant in the room at COP28 -- US elections are less than a year away, with Trump seeking to return to the White House.

Senator Lisa Murkowski, a moderate Republican from oil- and gas-producing Alaska, acknowledged the climate effects of fossil fuels but questioned, especially in remote areas, "this approach that we can just keep it in the ground."

"To move to a phase-out, I think, does not recognise the transition reality that we are currently facing," said Murkowski, the only Republican in the US Senate delegation at COP28.

But Trump and many other hardline Republicans take a more confrontational approach and deny the scientific consensus on climate change.

Kerry argued that presidential leadership will matter less as US companies and state and local governments had already committed to go green.

"There was a time when that might have made all the difference, but not now," Kerry said.

"Even when Donald Trump was president, 75 percent of the new electricity in the United States came from renewables. I assume he didn't know it -- he would have tried to stop it."

Many Republicans also adamantly oppose climate assistance -- a key part of UN-backed talks with wealthy countries promising to help hardest-hit nations.

Vice President Kamala Harris, visiting COP28, promised $3 billion to a Green Climate Fund.

Democratic Senator Chris Coons, however, voiced optimism on aid and noted that many of Biden's climate investments are going to parts of the United States that usually vote Republican.

"Am I suggesting that were the former president to be our next president that everything would be fine? Not at all," Coons said.

"But I am saying that there is broad enough and deep enough support for continuing investments to combat climate change."

V.Liu--ThChM