The China Mail - COP28 fossil fuel battle hardens despite new warning on warming

USD -
AED 3.672503
AFN 63.498398
ALL 79.98113
AMD 363.606184
ANG 1.790365
AOA 916.999511
ARS 1514.2392
AUD 1.408421
AWG 1.80125
AZN 1.705413
BAM 1.708652
BBD 2.017569
BDT 123.016306
BGN 1.683441
BHD 0.377675
BIF 3009.693046
BMD 1
BND 1.276826
BOB 11.019233
BRL 5.100993
BSD 1.001708
BTN 95.700376
BWP 13.566652
BYN 3.034653
BYR 19600
BZD 2.014686
CAD 1.40864
CDF 2311.000168
CHF 0.82182
CLF 0.02399
CLP 947.249928
CNY 6.699801
CNH 6.706935
COP 3210.67
CRC 446.954706
CUC 1
CUP 26.5
CVE 96.331177
CZK 21.311602
DJF 178.387186
DKK 6.54283
DOP 59.555583
DZD 133.956179
EGP 51.650301
ERN 15
ETB 162.001494
EUR 0.875298
FJD 2.237198
FKP 0.750528
GBP 0.751245
GEL 2.594951
GGP 0.750528
GHS 11.580111
GIP 0.750528
GMD 73.497933
GNF 8806.300698
GTQ 7.644358
GYD 209.516571
HKD 7.843755
HNL 26.88956
HRK 6.594398
HTG 130.923832
HUF 316.842996
IDR 17804
ILS 3.01192
IMP 0.750528
INR 95.672497
IQD 1312.284595
IRR 1374649.999924
ISK 121.140171
JEP 0.750528
JMD 157.979111
JOD 0.709041
JPY 157.663503
KES 129.529559
KGS 87.450114
KHR 4064.177664
KMF 429.999937
KPW 900.000318
KRW 1354.890332
KWD 0.30891
KYD 0.834757
KZT 447.981689
LAK 22440.145198
LBP 89704.93035
LKR 329.691738
LRD 173.304154
LSL 16.249055
LTL 2.95274
LVL 0.60489
LYD 6.385386
MAD 9.56663
MDL 17.615068
MGA 4387.386482
MKD 53.750759
MMK 2099.577364
MNT 3597.923561
MOP 8.092553
MRU 40.109729
MUR 47.879764
MVR 15.460075
MWK 1737.04511
MXN 17.33542
MYR 4.076033
MZN 63.879702
NAD 16.249055
NGN 1324.650236
NIO 36.867648
NOK 9.46499
NPR 153.119089
NZD 1.75317
OMR 0.384495
PAB 1.001717
PEN 3.384019
PGK 4.462558
PHP 62.616499
PKR 277.60441
PLN 3.80656
PYG 5960.800073
QAR 3.641478
RON 4.618197
RSD 102.754839
RUB 84.250412
RWF 1478.537014
SAR 3.755768
SBD 8.026013
SCR 13.953203
SDG 601.485792
SEK 9.85578
SGD 1.276203
SHP 0.74758
SLE 24.649645
SLL 20969.491881
SOS 572.491908
SRD 37.740206
STD 20697.981008
STN 21.40439
SVC 8.765163
SYP 13002.000254
SZL 16.244338
THB 33.201973
TJS 9.241024
TMT 3.5
TND 2.952007
TOP 2.40776
TRY 48.83725
TTD 6.806477
TWD 31.719598
TZS 2644.998006
UAH 44.878718
UGX 3906.922294
UYU 40.222429
UZS 11835.110449
VES 851.341295
VND 25986.5
VUV 118.348377
WST 2.752527
XAF 574.15788
XAG 0.015104
XAU 0.000231
XCD 2.70255
XCG 1.805363
XDR 0.707052
XOF 574.15788
XPF 104.189509
YER 236.550545
ZAR 16.20645
ZMK 9001.210284
ZMW 19.509105
ZWL 321.999592
SSP 5712.590503
MXV 1.964731
  • BCC

    3.3400

    79

    +4.23%

  • RBGPF

    -0.9500

    67

    -1.42%

  • RYCEF

    0.2000

    19.9

    +1.01%

  • CMSC

    -0.0600

    20.61

    -0.29%

  • CMSD

    -0.1200

    20.42

    -0.59%

  • RIO

    0.4500

    97.49

    +0.46%

  • NGG

    0.1800

    76.86

    +0.23%

  • BCE

    -0.2900

    21.7

    -1.34%

  • GSK

    -0.3600

    50.72

    -0.71%

  • AZN

    0.2700

    168.37

    +0.16%

  • RELX

    -0.4300

    32.98

    -1.3%

  • JRI

    -0.0350

    11.485

    -0.3%

  • VOD

    -0.4000

    16.62

    -2.41%

  • BTI

    0.0000

    55.75

    0%

  • BP

    -0.0600

    43.1

    -0.14%

COP28 fossil fuel battle hardens despite new warning on warming
COP28 fossil fuel battle hardens despite new warning on warming / Photo: © AFP

COP28 fossil fuel battle hardens despite new warning on warming

Battle lines on fossil fuels hardened at UN climate talks on Tuesday despite scientists warning that global warming could breach the 1.5C threshold within seven years.

Text size:

A new COP28 draft agreement in Dubai included the options of phasing out fossil fuels or not addressing the issue at all, setting the stage for tough negotiations due to end next week.

Saudi Arabia -- the world's biggest oil exporter -- took a hardline stance, saying it would "absolutely not" agree to phasing down fossil fuels, never mind phasing them out.

The thorny debate over the future of fossil fuels, the biggest cause of global warming, is the key battleground at the COP28 meeting hosted by the oil-rich United Arab Emirates.

- 'Extremely unhappy' -

The latest version of a potential agreement included three options -- an "orderly and just" phase-out, faster efforts to phase out fossil fuel projects that do not capture and store emissions, or "no text" on the subject.

An earlier draft, prepared by the UK and Singapore, that proposed a "phasedown/out" was badly received by delegates, a Latin American negotiator told AFP.

"Everyone was extremely unhappy with the first draft," the negotiator said, requesting anonymity.

"When we started talking... everything collapsed... There is pretty much nothing on the way forward," the delegate added.

Saudi Arabia's energy minister said he would "absolutely not" agree to a phase-down of fossil fuels in the COP28 agreement.

"I would like to put that challenge for all of those who... come out publicly saying we have to (phase down)," Prince Abdulaziz bin Salman told Bloomberg.

"Call them and ask them how they are gonna do that?"

- 'Elephant in the room' -

Laurence Tubiana, the architect of the landmark Paris climate accord in 2015, said the negotiations are "difficult because we're at a stage where all options are on the table and we don't see a balancing point.

"On one hand it's normal at this stage but it seems particularly difficult because we're talking about the elephant in the room, which is fossil fuels," Tubiana told AFP.

- Record oil lobbyists -

Nearly 2,500 fossil fuel lobbyists -- a record -- have been accredited for UN climate talks in Dubai, campaign groups said.

The NGO umbrella group Kick Big Polluters Out said 2,456 people tied to fossil fuel interests were identified, roughly four times the number at COP27 last year.

If taken as a group they outnumber "every country delegation" apart from Brazil and the UAE, the coalition added.

Campaigners have worried about the influence of the fossil fuel lobby since Sultan Al Jaber, the head of the UAE's national oil company ADNOC, was named president of COP28.

- 1.5C alive? -

The annual Global Carbon Project estimated Tuesday there is a 50 percent chance warming will exceed the 2015 Paris deal's goal of 1.5 degrees Celsius over multiple years by around 2030.

Fossil fuel CO2 pollution also rose 1.1 percent last year, according to an international consortium of climate scientists in their annual Global Carbon Project assessment, with surging emissions in China and India -- now the world's first and third biggest emitters.

Projected global warming has risen slightly -- by 0.1C -- the Climate Action Tracker said in its annual update on government plans, putting it at a catastrophic 2.5C above pre-industrial levels by the end of the century, the group said.

"Despite their promises, governments have not taken enough action to drive down warming projections, with some instead turning to false solutions such as carbon capture and storage to continue the world's reliance on fossil fuels," it said.

- 'Kick big polluters out!' -

Dozens of people protested inside the COP28 venue Tuesday under blistering sun, holding up signs reading "Phase out fossil fuels now" and "Stop funding fossil fuels".

"Kick big polluters out!" they chanted.

"If the United Nations continues to allow the fossil fuel industry to lead climate mitigation and to lead COP... I have zero confidence that COP will be successful," Thomas Harmy Joseph, a member of the US-based Indigenous Environmental Network, told AFP.

C.Mak--ThChM