The China Mail - Nations rally behind renewables at COP28 climate talks

USD -
AED 3.672504
AFN 65.000368
ALL 81.910403
AMD 376.168126
ANG 1.79008
AOA 917.000367
ARS 1431.790402
AUD 1.425923
AWG 1.8025
AZN 1.70397
BAM 1.654023
BBD 2.008288
BDT 121.941731
BGN 1.67937
BHD 0.375999
BIF 2954.881813
BMD 1
BND 1.269737
BOB 6.889932
BRL 5.217404
BSD 0.997082
BTN 90.316715
BWP 13.200558
BYN 2.864561
BYR 19600
BZD 2.005328
CAD 1.36855
CDF 2200.000362
CHF 0.77566
CLF 0.021803
CLP 860.890396
CNY 6.93895
CNH 6.929815
COP 3684.65
CRC 494.312656
CUC 1
CUP 26.5
CVE 93.82504
CZK 20.504104
DJF 177.555076
DKK 6.322204
DOP 62.928665
DZD 129.553047
EGP 46.73094
ERN 15
ETB 155.0074
EUR 0.846204
FJD 2.209504
FKP 0.738005
GBP 0.734457
GEL 2.69504
GGP 0.738005
GHS 10.957757
GIP 0.738005
GMD 73.000355
GNF 8752.167111
GTQ 7.647681
GYD 208.609244
HKD 7.81385
HNL 26.45504
HRK 6.376104
HTG 130.618631
HUF 319.703831
IDR 16855.5
ILS 3.110675
IMP 0.738005
INR 90.57645
IQD 1310.5
IRR 42125.000158
ISK 122.710386
JEP 0.738005
JMD 156.057339
JOD 0.70904
JPY 157.200504
KES 128.622775
KGS 87.450384
KHR 4033.00035
KMF 419.00035
KPW 900.002243
KRW 1463.803789
KWD 0.30721
KYD 0.830902
KZT 493.331642
LAK 21426.698803
LBP 89293.839063
LKR 308.47816
LRD 187.449786
LSL 16.086092
LTL 2.95274
LVL 0.60489
LYD 6.314009
MAD 9.185039
MDL 17.000296
MGA 4426.402808
MKD 52.129054
MMK 2100.00747
MNT 3580.70414
MOP 8.023933
MRU 39.850379
MUR 46.060378
MVR 15.450378
MWK 1737.000345
MXN 17.263604
MYR 3.947504
MZN 63.750377
NAD 16.086092
NGN 1366.980377
NIO 36.694998
NOK 9.690604
NPR 144.506744
NZD 1.661958
OMR 0.383441
PAB 0.997082
PEN 3.367504
PGK 4.275868
PHP 58.511038
PKR 278.812127
PLN 3.56949
PYG 6588.016407
QAR 3.64135
RON 4.310404
RSD 99.553038
RUB 76.792845
RWF 1455.283522
SAR 3.749738
SBD 8.058149
SCR 13.675619
SDG 601.503676
SEK 9.023204
SGD 1.272904
SHP 0.750259
SLE 24.450371
SLL 20969.499267
SOS 568.818978
SRD 37.818038
STD 20697.981008
STN 20.719692
SVC 8.724259
SYP 11059.574895
SZL 16.08271
THB 31.535038
TJS 9.342721
TMT 3.505
TND 2.847504
TOP 2.40776
TRY 43.612504
TTD 6.752083
TWD 31.590367
TZS 2577.445135
UAH 42.828111
UGX 3547.71872
UYU 38.538627
UZS 12244.069517
VES 377.985125
VND 25950
VUV 119.988021
WST 2.726314
XAF 554.743964
XAG 0.012866
XAU 0.000202
XCD 2.70255
XCG 1.797032
XDR 0.689923
XOF 554.743964
XPF 101.703591
YER 238.403589
ZAR 16.04457
ZMK 9001.203584
ZMW 18.570764
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • SCS

    0.0200

    16.14

    +0.12%

  • NGG

    1.1700

    88.06

    +1.33%

  • CMSD

    0.0600

    23.95

    +0.25%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • BCC

    1.8700

    91.03

    +2.05%

  • VOD

    0.4900

    15.11

    +3.24%

  • BCE

    -0.4900

    25.08

    -1.95%

  • GSK

    1.0600

    60.23

    +1.76%

  • RIO

    2.2900

    93.41

    +2.45%

  • RELX

    -0.7100

    29.38

    -2.42%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • JRI

    0.0900

    12.97

    +0.69%

  • AZN

    5.8700

    193.03

    +3.04%

  • BTI

    0.8400

    62.8

    +1.34%

  • BP

    0.8400

    39.01

    +2.15%

Nations rally behind renewables at COP28 climate talks
Nations rally behind renewables at COP28 climate talks / Photo: © AFP

Nations rally behind renewables at COP28 climate talks

More than 110 nations pledged to triple the world's renewable energy within seven years at UN climate talks Saturday as the United States pushed to slash methane emissions and boost nuclear capacity.

Text size:

With smoggy skies in Dubai highlighting the challenges facing the world, leaders at the COP28 conference threw their support behind voluntary pledges aimed at ramping up alternatives to fossil fuels.

A massive deployment of solar, wind, hydroelectric and other renewables is crucial to efforts to displace demand for planet-heating coal, oil and gas and achieve net-zero carbon emissions by 2050.

The nearly 200 nations negotiating a COP28 climate deal face tougher talks over the next two weeks on the fate of fossil fuels.

More than half signed up to a commitment to trippling global renewable energy capacity and doubling energy efficiency by 2030, the COP28's Emirati presidency said.

But major oil producers including Russia, Saudi Arabia and Iran, and top consumer China were not on the list.

"I do need more, and I'm kindly requesting all parties to come on board as soon as possible please," COP28 president Sultan Al Jaber told delegates.

"This can and will help transition the world away from unabated coal," said Jaber, who also heads the UAE's national oil company and a renewable energy firm.

Clean power advocates welcomed the commitment but said it must be accompanied by the phase-out of dirtier forms of energy.

"The future will be powered by solar and wind, but it won't happen fast enough unless governments regulate fossil fuels out of the way," said Kaisa Kosonen, the head of Greenpeace's COP28 delegation.

Jaber also announced a pledge by oil and gas companies representing 40 percent of global production, including his UAE firm ADNOC and Saudi giant Aramco, to decarbonise their operations by 2050.

But the pledges do not include emissions when the fuels are used by their customers, and were criticised for repackaging previous, nonbinding commitments.

"This charter is proof that voluntary commitments from the oil and gas industry will never foster the level of ambition necessary to tackle the climate crisis," said Melanie Robinson of the World Resources Institute, a nonprofit research body.

- 'Destructive' methane -

The US Environmental Protection Agency announced earlier that it would tighten curbs on methane emissions from its oil and gas industry.

The new standards would phase in the elimination of routine flaring of natural gas produced by oil wells, and require comprehensive monitoring of methane leaks from wells and compression stations.

The announcement came ahead of an expected methane summit led by the world's biggest greenhouse gas emitters -- the United States and China -- along with the United Arab Emirates at COP28.

China agreed for the first time to include all greenhouse gases in its next national climate pledge for 2035 in an agreement with the United States last month.

Methane is responsible for about one-third of the warming from greenhouse gases occurring today, second only to fossil fuels.

Agriculture is responsible for a quarter of methane emissions, with most of it produced during digestion by livestock.

The energy sector is the second-largest source of human-caused methane emissions.

Methane "is the most destructive gas", US climate envoy John Kerry said.

- Nuclear option -

While COP28 rallied behind renewables, the United States led a call by more than 20 nations for the world to triple nuclear energy capacity by 2050.

In a declaration, countries ranging from Britain to Ghana, Japan and several European nations said nuclear power played a "key role" in the goal of achieving carbon neutrality by mid-century.

The use of nuclear power as a cleaner alternative to fossil fuels is highly controversial, with many environmental groups warning about safety risks and the disposal of nuclear waste.

"We are not making the argument to anybody that this is absolutely going to be a sweeping alternative to every other energy source," Kerry said.

"But we know because (of) the science and the reality of facts... that you can't get to net zero 2050 without some nuclear," he said.

Environmental group 350.org said the 2011 Fukushima nuclear disaster in Japan highlighted the dangers of atomic power.

"We don't have time to waste on dangerous distractions like nuclear energy," said its North America director Jeff Ordower.

US Vice President Kamala Harris announced a $3 billion contribution to a global fund to help developing countries with the energy transition and the effects of climate change -- its first pledge to it since 2014.

"Today, we are demonstrating through action how the world can and must meet this crisis," Harris said.

Y.Parker--ThChM