The China Mail - World can't 'unplug' existing energy system: COP28 head

USD -
AED 3.672496
AFN 63.501861
ALL 82.78735
AMD 368.501999
ANG 1.790403
AOA 917.000443
ARS 1471.017197
AUD 1.445379
AWG 1.80125
AZN 1.69651
BAM 1.718856
BBD 2.018008
BDT 123.091796
BGN 1.69088
BHD 0.377018
BIF 2985
BMD 1
BND 1.297974
BOB 6.938524
BRL 5.199597
BSD 1.001973
BTN 94.864877
BWP 13.624819
BYN 2.814079
BYR 19600
BZD 2.015116
CAD 1.421025
CDF 2268.999834
CHF 0.809755
CLF 0.023222
CLP 913.970076
CNY 6.7905
CNH 6.79209
COP 3430.69
CRC 454.535468
CUC 1
CUP 26.5
CVE 96.906446
CZK 21.275697
DJF 177.719974
DKK 6.567825
DOP 58.644918
DZD 133.63704
EGP 49.723502
ERN 15
ETB 161.535521
EUR 0.878602
FJD 2.2442
FKP 0.754878
GBP 0.75755
GEL 2.644999
GGP 0.754878
GHS 11.246649
GIP 0.754878
GMD 72.999997
GNF 8779.291769
GTQ 7.644241
GYD 209.623413
HKD 7.84095
HNL 26.807458
HRK 6.619595
HTG 131.00145
HUF 312.239502
IDR 17929.4
ILS 2.99632
IMP 0.754878
INR 95.18395
IQD 1312.563167
IRR 1374999.999704
ISK 126.519725
JEP 0.754878
JMD 157.717811
JOD 0.708994
JPY 161.557501
KES 129.450092
KGS 87.449563
KHR 4021.248643
KMF 431.00039
KPW 900.00035
KRW 1534.634982
KWD 0.30896
KYD 0.834996
KZT 487.384102
LAK 22188.337654
LBP 89725.095575
LKR 335.228721
LRD 182.352683
LSL 16.522564
LTL 2.95274
LVL 0.60489
LYD 6.429642
MAD 9.377774
MDL 17.639408
MGA 4185.964758
MKD 54.153433
MMK 2099.387374
MNT 3579.000015
MOP 8.091488
MRU 39.79664
MUR 47.960121
MVR 15.459547
MWK 1737.391847
MXN 17.55055
MYR 4.149104
MZN 63.902755
NAD 16.522564
NGN 1370.119875
NIO 36.867777
NOK 9.794005
NPR 151.78296
NZD 1.764215
OMR 0.38444
PAB 1.001977
PEN 3.39166
PGK 4.394272
PHP 61.389497
PKR 278.668893
PLN 3.763396
PYG 6107.983882
QAR 3.652503
RON 4.609897
RSD 103.152936
RUB 74.499974
RWF 1469.343633
SAR 3.755291
SBD 8.065041
SCR 13.385015
SDG 600.508288
SEK 9.73616
SGD 1.296697
SHP 0.746601
SLE 24.74989
SLL 20969.503664
SOS 572.656446
SRD 37.482993
STD 20697.981008
STN 21.530796
SVC 8.767412
SYP 110.532098
SZL 16.517116
THB 33.272971
TJS 9.293141
TMT 3.51
TND 2.965857
TOP 2.40776
TRY 46.4755
TTD 6.803181
TWD 31.714904
TZS 2624.997992
UAH 44.976754
UGX 3667.442985
UYU 40.189832
UZS 12038.49365
VES 616.865275
VND 26325
VUV 118.758526
WST 2.756325
XAF 576.48558
XAG 0.01617
XAU 0.000243
XCD 2.70255
XCG 1.805774
XDR 0.716966
XOF 576.48558
XPF 104.811706
YER 238.649684
ZAR 16.53634
ZMK 9001.1971
ZMW 17.97425
ZWL 321.999592
  • BCC

    -0.7400

    71.8

    -1.03%

  • RBGPF

    -0.2700

    60.34

    -0.45%

  • CMSC

    -0.0500

    22.11

    -0.23%

  • NGG

    0.6000

    81.57

    +0.74%

  • BTI

    1.8400

    60.74

    +3.03%

  • GSK

    1.3300

    52.07

    +2.55%

  • BCE

    0.3900

    23.04

    +1.69%

  • BP

    -0.4500

    39.33

    -1.14%

  • CMSD

    -0.1200

    21.96

    -0.55%

  • RIO

    -3.7800

    95.58

    -3.95%

  • JRI

    -0.0200

    12.63

    -0.16%

  • RYCEF

    0.2300

    18.63

    +1.23%

  • VOD

    -0.0700

    14.05

    -0.5%

  • RELX

    0.3800

    31.21

    +1.22%

  • AZN

    4.5900

    181.02

    +2.54%

World can't 'unplug' existing energy system: COP28 head
World can't 'unplug' existing energy system: COP28 head / Photo: © AFP

World can't 'unplug' existing energy system: COP28 head

The president of the upcoming COP28 climate talks in Dubai called on Sunday for governments to abandon "fantasies" such as hastily ditching existing energy infrastructure in pursuit of climate goals.

Text size:

"We cannot unplug the energy system of today before we build the new system of tomorrow. It is simply not practical or possible," Sultan Al Jaber said during the opening session of Middle East and North Africa (MENA) Climate Week, a UN-organised conference hosted in the Saudi capital Riyadh.

"We must separate facts from fiction, reality from fantasies, impact from ideology, and we must ensure that we avoid the traps of division and distraction."

Much of international climate diplomacy revolves around the thorny issue of how and when to quit fossil fuels.

At COP26 in Glasgow in 2021, countries agreed to phase down "unabated coal", the first time a fossil fuel was explicitly mentioned in a final text.

But efforts since then to extend such a target to all fossil fuels have foundered, most recently at last month's G20 summit in India.

Climate activists have criticised the appointment of Jaber to lead the COP28 talks which kick off in Dubai in November, given that he is also head of the Emirati state-owned oil firm ADNOC.

But Jaber has garnered the support of COP parties including US climate envoy John Kerry, partly by emphasising his belief that "the phase-down of fossil fuels is inevitable".

Energy officials in the United Arab Emirates and other oil-producing countries -- notably Saudi Arabia, the world's biggest oil exporter -- have argued for continued investments in fossil fuels to ensure energy security even as they eye an eventual transition away from them.

- Finding funds -

The vast and fractured landscape of climate finance is the other major stumbling block in climate negotiations.

Developing countries least responsible for climate change are seeking money from richer polluters to adapt to its increasingly destructive and expensive consequences.

In 2009, rich countries pledged to supply $100 billion of climate finance every year to developing nations but failed to meet the 2020 deadline. There are hopes the goal will be met this year.

"Old promises must be kept, including the $100 billion pledge made over a decade ago," Jaber said on Sunday.

Last year's COP27 talks in Sharm el-Sheikh, Egypt, ended with the first ever creation of a "loss and damage" fund into which countries would pay to support poorer nations suffering the most from more intense and frequent storms, floods and droughts.

The fund's operation, governance, location, contributors, beneficiaries and a timeline for payouts are all up in the air ahead of COP28.

"We must make the fund for loss and damage that was promised in Sharm el-Sheikh a reality in Dubai," Jaber said.

- Climate 'crossroads' -

The talks in Riyadh are intended to "shine a spotlight on challenges and solutions in a region that is among the most vulnerable to the effects of climate change," organisers said in a press release on Sunday.

The region must already grapple with high temperatures and water scarcity, with more than 60 percent of the population having "very little if any access to potable water", the statement said.

"Increasing temperatures are predicted to lead to more persistent and acute drought," it added.

Jaber also highlighted challenges facing the region, referring to extreme events like hurricane-strength Storm Daniel, which last month caused two dams in eastern Libya to burst and flood the city of Derna.

"Climate change isn't a threat waiting around the corner -- the MENA region knows this from first-hand experience with fierce heatwaves and water shortages," said Inger Andersen, executive director of the UN Environment Programme.

Simon Stiell, executive secretary of UN Climate Change, said the region was "at a crossroads, facing not only the devastating impacts of climate change but also the challenge of transitioning their economies to ensure prosperity in a 1.5C aligned world."

The goal of limiting warming to 1.5 degrees Celsius above pre-industrial levels was set at the 2015 climate talks in Paris.

X.Gu--ThChM