The China Mail - Concern as climate talks stalls on fossil fuels pledge

USD -
AED 3.672504
AFN 65.000368
ALL 82.324126
AMD 360.540403
ANG 1.790403
AOA 918.000367
ARS 1546.131265
AUD 1.468645
AWG 1.8
AZN 1.70397
BAM 1.769883
BBD 2.014669
BDT 124.715381
BGN 1.77347
BHD 0.378283
BIF 3011.021908
BMD 1
BND 1.291151
BOB 11.678099
BRL 5.666304
BSD 1.000231
BTN 94.44641
BWP 14.015512
BYN 3.004037
BYR 19600
BZD 2.016692
CAD 1.42705
CDF 2315.000362
CHF 0.837483
CLF 0.025469
CLP 1002.376741
CNY 6.67175
CNH 6.676604
COP 3319.97
CRC 449.312832
CUC 1
CUP 24.064952
CVE 100.150394
CZK 22.139304
DJF 178.554905
DKK 6.782304
DOP 60.996961
DZD 137.215041
EGP 53.502064
ERN 15
ETB 164.576405
EUR 0.90715
FJD 2.27435
FKP 0.756884
GBP 0.755715
GEL 2.590391
GGP 0.756884
GHS 11.72504
GIP 0.756884
GMD 74.000355
GNF 8883.748356
GTQ 7.646644
GYD 209.264655
HKD 7.845704
HNL 26.963306
HRK 6.831965
HTG 131.491813
HUF 331.003504
IDR 18235.4
ILS 3.216704
IMP 0.756884
INR 94.245504
IQD 1520.116116
IRR 1913737.503816
ISK 123.930386
JEP 0.756884
JMD 158.434254
JOD 0.70904
JPY 159.73504
KES 130.050385
KGS 87.435504
KHR 4080.00035
KMF 447.00035
KPW 900.00035
KRW 1335.320383
KWD 0.31147
KYD 0.835579
KZT 446.945163
LAK 22570.87132
LBP 89792.715562
LKR 333.505692
LRD 170.463102
LSL 16.951422
LTL 2.95274
LVL 0.60489
LYD 6.463464
MAD 9.936862
MDL 18.213816
MGA 4555.721867
MKD 55.830725
MMK 2099.848767
MNT 3604.365716
MOP 8.103688
MRU 40.552456
MUR 47.620378
MVR 15.403739
MWK 1738.739965
MXN 18.536504
MYR 4.086104
MZN 63.903729
NAD 16.951422
NGN 1343.570377
NIO 36.90298
NOK 9.57248
NPR 151.114437
NZD 1.809464
OMR 0.385095
PAB 1.000231
PEN 3.411802
PGK 4.575679
PHP 63.960375
PKR 277.274459
PLN 3.996535
PYG 6207.891986
QAR 3.64425
RON 4.851904
RSD 106.559038
RUB 82.829047
RWF 1483.467138
SAR 3.82571
SBD 8.097697
SCR 13.874904
SDG 601.503676
SEK 10.075038
SGD 1.287304
SHP 0.752984
SLE 23.050371
SLL 20969.503664
SOS 573.048487
SRD 37.49037
STD 20697.981008
STN 22.225246
SVC 8.773983
SYP 13002.000337
SZL 16.946523
THB 33.875038
TJS 9.249966
TMT 3.5
TND 3.008504
TOP 2.40776
TRY 50.333804
TTD 6.806368
TWD 32.891404
TZS 2655.145825
UAH 45.588969
UGX 4131.053487
UYU 40.541335
UZS 12057.876355
VES 912.87925
VND 25725.5
VUV 120.638016
WST 2.81058
XAF 595.051667
XAG 0.020459
XAU 0.00025782798
XCD 2.70255
XCG 1.807139
XDR 0.707052
XOF 595.051667
XPF 108.325037
YER 236.550363
ZAR 16.976255
ZMK 9001.203584
ZMW 20.500748
ZWL 321.999592
SSP 5946.454122
MXV 2.081672
  • 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%

Concern as climate talks stalls on fossil fuels pledge
Concern as climate talks stalls on fossil fuels pledge / Photo: © AFP/File

Concern as climate talks stalls on fossil fuels pledge

The failure of UN climate negotiations to double down on a global pledge to move away from planet-heating fossil fuels on Sunday was decried by experts as a "worrying" setback to global progress on curbing warming.

Text size:

Nearly 200 nations spent much of COP29 in Azerbaijan locking horns over a tough-fought finance pact that was finally approved in the early hours of Sunday.

But countries also clashed bitterly over how to build on a landmark pledge at last year's climate talks to "transition away" from fossil fuels.

A text that was supposed to push for ways to put that promise into practice was ultimately not adopted at the close of COP29, with countries lamenting that it had been emptied of substance.

Observers said this meant the meeting in Baku, held in what is expected to be the world's hottest year on record, made virtually no progress on tackling the source of global warming.

Laurence Tubiana, the architect of the landmark 2015 Paris climate accord said the Baku deal was "not as ambitious as the moment demands".

"The impacts of the climate crisis are becoming ever more visible, ever more devastating in both human and economic terms, all over the world, with no region spared," she told AFP.

"The culprits are well known, yet once again fossil fuels have been defended by an ill-prepared COP presidency."

Azerbaijan, an authoritarian state that relies on oil and gas exports, has been accused of lacking the experience and bandwidth to steer such complex negotiations.

Its leader Ilham Aliyev opened the conference by hailing fossil fuels as a "gift of God".

- Fossil fight -

The European Union and other countries tussled with Saudi Arabia over including strong language on the energy transition during the UN talks.

Countries had also discussed ways to measure action, such as tracking progress on the move away from oil, gas and coal.

But a Saudi official told delegates on Thursday that the 22-nation Arab Group would reject any UN climate deal that targeted fossil fuels.

As negotiations wrapped up in the early hours of Sunday, countries and negotiating blocs including vulnerable small island states and Latin American and Caribbean nations said the text had been watered down so much that they could not support it.

"We made historic commitments a year ago, including to transition away from fossil fuels. We came here to translate that commitment into meaningful action and quite simply, we have fallen short," said the delegate from Canada.

The Fiji representative said a failure to agree a strong outcome was "an affront to this process".

Given the objections, the Azerbaijan presidency decided not to adopt the text, which will now be discussed again when negotiators meet next year in June.

Francois Gemenne, a specialist in environmental geopolitics, said the lack of follow up to the fossil fuel pledge was "very worrying" and showed the impact that producers and industry lobbyists can have on climate negotiations.

"We could have expected at least a return to the terms of COP28, but we didn't even get that," he said.

- 'Backward step' -

The international community has agreed that the world should aim to limit global warming to 1.5 degrees Celsius above preindustrial times.

Scientists say carbon dioxide pollution needs to be slashed this decade.

But preliminary research by scientists at the the Global Carbon Project, released during the COP29, found that fossil fuel CO2 emissions continued to rise this year to a new record high.

The failure to progress on emissions at the Baku meeting meant that the 1.5C limit is "very much on life support", said Natalie Jones, a policy advisor at the International Institute for Sustainable Development, a think tank.

"I think it's a backward step," she told AFP, citing concerns that a year of potential progress will be lost and that next year will see "less ambitious leadership" on climate.

Donald Trump, a sceptic of both climate change and foreign assistance, was elected just days before COP29 began and will take office early next year.

With talks mired in acrimony over funding from richer countries, observers said it was difficult for nations to push for more ambition on emissions.

Ultimately, a $300 billion a year pledge from wealthy historic polluters was approved, even as poorer vulnerable countries slammed it as insultingly low.

"The result of this COP is that we haven't really made any new progress on reducing greenhouse gases, but we have saved the process of the Paris Agreement, and we can still hope for better results next year," a European negotiator told AFP.

I.Taylor--ThChM--ThChM