The China Mail - Dubai climate summit adopts world-first 'transition' from fossil fuels

USD -
AED 3.672498
AFN 65.000011
ALL 81.757752
AMD 363.060451
ANG 1.790365
AOA 918.000024
ARS 1517.698862
AUD 1.433048
AWG 1.8
AZN 1.69681
BAM 1.745081
BBD 2.014187
BDT 123.310283
BGN 1.683441
BHD 0.377783
BIF 2992.192728
BMD 1
BND 1.280571
BOB 11.845639
BRL 4.990799
BSD 1.000045
BTN 96.679902
BWP 13.757752
BYN 3.042248
BYR 19600
BZD 2.011332
CAD 1.426899
CDF 2309.999691
CHF 0.829664
CLF 0.024814
CLP 976.9698
CNY 6.69215
CNH 6.69365
COP 3214.008476
CRC 456.301584
CUC 1
CUP 24.001785
CVE 98.38501
CZK 21.763303
DJF 178.086103
DKK 6.672598
DOP 60.611198
DZD 134.724069
EGP 52.403301
ERN 15
ETB 162.480749
EUR 0.892502
FJD 2.24725
FKP 0.755711
GBP 0.755201
GEL 2.589813
GGP 0.755711
GHS 11.755521
GIP 0.755711
GMD 73.499807
GNF 8797.680125
GTQ 7.645773
GYD 209.172429
HKD 7.848102
HNL 26.843631
HRK 6.725599
HTG 130.956948
HUF 325.846024
IDR 17891.4
ILS 3.06346
IMP 0.755711
INR 96.7755
IQD 1515.056882
IRR 1779469.999944
ISK 122.150283
JEP 0.755711
JMD 158.724069
JOD 0.708976
JPY 158.535039
KES 129.698862
KGS 87.449835
KHR 4060.673656
KMF 440.000378
KPW 900.000318
KRW 1340.879899
KWD 0.31096
KYD 0.833371
KZT 454.436761
LAK 22426.053982
LBP 89555.476244
LKR 330.885568
LRD 171.010484
LSL 16.545706
LTL 2.95274
LVL 0.60489
LYD 6.430515
MAD 9.82021
MDL 17.93085
MGA 4459.513718
MKD 54.940888
MMK 2099.813295
MNT 3595.111531
MOP 8.083426
MRU 39.963417
MUR 47.460157
MVR 15.449719
MWK 1734.106625
MXN 18.432498
MYR 4.085502
MZN 63.910148
NAD 16.545706
NGN 1328.999855
NIO 36.80571
NOK 9.75455
NPR 154.687486
NZD 1.780844
OMR 0.384742
PAB 1.000045
PEN 3.429668
PGK 4.534464
PHP 62.745003
PKR 276.931162
PLN 3.90775
PYG 5688.155253
QAR 3.65532
RON 4.766002
RSD 104.733437
RUB 85.159581
RWF 1474.102164
SAR 3.75677
SBD 8.078071
SCR 14.674973
SDG 601.501083
SEK 10.045855
SGD 1.273898
SHP 0.755572
SLE 24.67031
SLL 20969.491881
SOS 571.492304
SRD 37.692501
STD 20697.981008
STN 21.860361
SVC 8.75039
SYP 13002.000254
SZL 16.542494
THB 33.553
TJS 9.200535
TMT 3.51
TND 2.984609
TOP 2.40776
TRY 49.221296
TTD 6.793665
TWD 31.961396
TZS 2640.285523
UAH 44.916529
UGX 4089.225965
UYU 40.169529
UZS 11900.959179
VES 875.701601
VND 25899.5
VUV 119.371348
WST 2.785507
XAF 585.442846
XAG 0.016442
XAU 0.000238418806
XCD 2.70255
XCG 1.802364
XDR 0.707052
XOF 585.442846
XPF 106.410886
YER 236.195179
ZAR 16.60625
ZMK 9001.202842
ZMW 19.875976
ZWL 321.999592
SSP 5757.531856
MXV 2.082409
  • 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%

Dubai climate summit adopts world-first 'transition' from fossil fuels
Dubai climate summit adopts world-first 'transition' from fossil fuels / Photo: © AFP

Dubai climate summit adopts world-first 'transition' from fossil fuels

Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away from fossil fuels, tackling the top culprit of climate change after years of avoidance although at-risk countries said far more action was needed.

Text size:

After 13 days of talks and several sleepless nights in a country built on oil wealth, the Emirati president of the UN-led COP28 summit banged a gavel to signal the world had reached consensus.

"You did step up, you showed flexibility, you put common interest ahead of self-interest," said COP28 president Sultan Al Jaber, whose role as head of the United Arab Emirates' national oil company raised suspicion among many environmentalists.

Describing the deal as bringing "transformational change" on climate, Jaber said of the UAE's diplomacy: "We have helped restore faith and trust in multilateralism, and we have shown that humanity can come together."

EU climate chief Wopke Hoekstra called the agreement "long, long overdue", saying it had taken nearly 30 years of climate meeting to "arrive at the beginning of the end of fossil fuels".

But with the UN talks requiring consensus, Jaber carefully calibrated the text to bring onboard countries from islands that fear extinction from rising sea levels to oil giant Saudi Arabia, which led the charge to keep exporting its petroleum.

Toughening language from an earlier draft that was roundly denounced by environmentalists, the agreement calls for "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner".

It calls for expanding action "in this critical decade" and recommits to no net greenhouse gas emissions by 2050 in hopes of meeting the increasingly elusive goal of checking warming at 1.5 degrees (2.7 Fahrenheit) above pre-industrial levels.

The planet has already warmed by 1.2 degrees and scientists say 2023 was likely the warmest in 100,000 years, as storms, droughts and lethal wildfires expand around the world.

- Islanders still alarmed -

The negotiator from the Marshall Islands had warned that an earlier draft marked a "death warrant" for his nation, which is just 2.1 metres (seven feet) above sea level.

The small islands did not block the Dubai deal, but a representative from Samoa criticised the language as too weak after contending the group had not arrived yet in the room at Dubai's sprawling Expo City when Jaber declared consensus.

"We have made an incremental advancement over business as usual when what we really needed is an exponential step change in our actions," Samoan chief negotiator Anne Rasmussen said on behalf of the island nations, drawing a standing ovation and polite applause from Jaber.

Brazil, which will lead the climate talks in 2025 in the Amazon, said that wealthy nations must now deliver on another key climate pledge -- providing assistance to worst-hit developing nations.

But US climate envoy John Kerry said that no side can ever achieve everything in negotiations and praised the deal as a sign a war-torn world can come together for the common good.

"I think everyone has to agree this is much stronger and clearer as a call on 1.5 than we have ever heard before, and it clearly reflects what the science says," Kerry said.

A Saudi representative voiced "gratitude" to the UAE efforts, calling the outcome a "great success".

The text stopped short of backing appeals during the summit for a "phase-out" of oil, gas and coal, which together account for around three-quarters of the emissions responsible for the planetary crisis.

But it goes well beyond Jaber's earlier draft that merely suggested that nations "could" reduce the consumption and production of fossil fuels, among other options.

Environmentalists virtually all saw the agreement as a step forward, although many cautioned that there will still far more to do.

"We are finally naming the elephant in the room. The genie is never going back into the bottle and future COPs will only turn the screws even more on dirty energy," said Mohamed Adow, director of the Power Shift Africa think tank, referring to the annual UN climate meetings known as Conferences of the Parties.

"Some people may have had their expectations for this meeting raised too high, but this result would have been unheard of two years ago, especially at a COP meeting in a petrostate," he said.

- More ambition, but with loopholes -

The agreement also made more explicit the near-term goals in the goal of ending net emissions by 2050.

It called for the world to cut greenhouse gas emissions by 43 percent by 2030 compared with 2019 levels.

But Jean Su of the Center for Biological Diversity, while seeing progress, said there were still "cavernous loopholes" for fossil fuels.

The agreement tackles only fossil use in energy, not in industrial areas such as production of plastics and fertiliser.

She also voiced alarm at the recognition of the role of "transitional fuels", which she saw as a codeword for producers of natural gas and other fossil fuels such as the United States on the grounds of energy security.

The deal backs a phase-down of "unabated" coal power -- meaning it preserves a role for the dirty but politically sensitive energy source if there is use of carbon capture technology, panned by many environmentalists as unproven.

C.Mak--ThChM