The Prague Post - COP28's Emirati host narrows fossil fuel ambition, drawing fire

EUR -
AED 4.297021
AFN 73.701381
ALL 95.402513
AMD 434.241071
ANG 2.093917
AOA 1073.932683
ARS 1632.563026
AUD 1.638657
AWG 2.108676
AZN 1.988026
BAM 1.954633
BBD 2.356993
BDT 143.584292
BGN 1.951449
BHD 0.44167
BIF 3481.508397
BMD 1.169862
BND 1.494302
BOB 8.086173
BRL 5.872007
BSD 1.170201
BTN 110.934781
BWP 15.817491
BYN 3.295133
BYR 22929.289176
BZD 2.353595
CAD 1.600383
CDF 2714.078892
CHF 0.924021
CLF 0.02671
CLP 1051.23342
CNY 7.99887
CNH 8.003187
COP 4240.046719
CRC 532.182333
CUC 1.169862
CUP 31.001335
CVE 110.433944
CZK 24.392772
DJF 208.384722
DKK 7.474697
DOP 69.314082
DZD 155.145875
EGP 62.008399
ERN 17.547925
ETB 184.106986
FJD 2.57972
FKP 0.865839
GBP 0.866944
GEL 3.152727
GGP 0.865839
GHS 13.032313
GIP 0.865839
GMD 85.987077
GNF 10268.479608
GTQ 8.940625
GYD 244.832809
HKD 9.168148
HNL 31.141585
HRK 7.538
HTG 153.268512
HUF 365.220878
IDR 20312.30857
ILS 3.477356
IMP 0.865839
INR 110.83182
IQD 1532.518817
IRR 1539537.987924
ISK 143.600486
JEP 0.865839
JMD 183.500466
JOD 0.829426
JPY 187.352137
KES 150.970964
KGS 102.280191
KHR 4691.14572
KMF 492.511719
KPW 1052.836528
KRW 1736.800314
KWD 0.359965
KYD 0.975214
KZT 542.026457
LAK 25672.615598
LBP 104819.608215
LKR 373.886822
LRD 214.96177
LSL 19.343637
LTL 3.454298
LVL 0.707637
LYD 7.42271
MAD 10.828533
MDL 20.145889
MGA 4853.75659
MKD 61.710764
MMK 2456.685675
MNT 4186.801833
MOP 9.446661
MRU 46.794504
MUR 54.726535
MVR 18.074627
MWK 2036.729175
MXN 20.434466
MYR 4.623879
MZN 74.765619
NAD 19.36168
NGN 1606.2429
NIO 42.951484
NOK 10.871256
NPR 177.495292
NZD 2.002113
OMR 0.449836
PAB 1.170201
PEN 4.11324
PGK 5.082756
PHP 72.096258
PKR 326.069677
PLN 4.256746
PYG 7280.654072
QAR 4.262098
RON 5.100714
RSD 117.42374
RUB 87.726178
RWF 1708.583002
SAR 4.3879
SBD 9.389234
SCR 17.208205
SDG 702.499104
SEK 10.872303
SGD 1.497183
SHP 0.87342
SLE 28.807824
SLL 24531.410279
SOS 668.581498
SRD 43.824202
STD 24213.775097
STN 24.859561
SVC 10.239888
SYP 129.54475
SZL 19.361372
THB 38.296561
TJS 10.970904
TMT 4.100365
TND 3.373589
TOP 2.816746
TRY 52.72538
TTD 7.95725
TWD 36.992232
TZS 3035.791158
UAH 51.579212
UGX 4359.397812
USD 1.169862
UYU 46.5722
UZS 14120.230776
VES 566.936695
VND 30832.874772
VUV 138.479066
WST 3.177199
XAF 655.562883
XAG 0.01628
XAU 0.000257
XCD 3.16161
XCG 2.109041
XDR 0.816234
XOF 654.540519
XPF 119.331742
YER 279.186955
ZAR 19.57512
ZMK 10530.159935
ZMW 22.087815
ZWL 376.694988
  • RYCEF

    -0.3200

    14.88

    -2.15%

  • CMSC

    0.0300

    22.86

    +0.13%

  • RBGPF

    -0.5300

    63.47

    -0.84%

  • VOD

    -0.1000

    15.39

    -0.65%

  • BTI

    -0.7900

    57.68

    -1.37%

  • GSK

    -2.5500

    51.92

    -4.91%

  • NGG

    -1.0700

    86.38

    -1.24%

  • RIO

    -1.3200

    97.17

    -1.36%

  • BCE

    -0.1050

    23.395

    -0.45%

  • BP

    0.4100

    46.76

    +0.88%

  • AZN

    -1.3500

    185.33

    -0.73%

  • JRI

    -0.0130

    12.797

    -0.1%

  • RELX

    -0.1900

    35.82

    -0.53%

  • BCC

    -2.8200

    79.79

    -3.53%

  • CMSD

    -0.0500

    23.15

    -0.22%

COP28's Emirati host narrows fossil fuel ambition, drawing fire
COP28's Emirati host narrows fossil fuel ambition, drawing fire / Photo: Giuseppe CACACE - AFP

COP28's Emirati host narrows fossil fuel ambition, drawing fire

The Emirati head of COP28 climate talks on Monday stopped short of pushing for a phase-out of fossil fuels, in a first bid for consensus that drew immediate fire from Western powers and environmentalists who had hoped for a historic turning point.

Text size:

With hours to go before the official end to the 13-day UN summit in Dubai, COP28 president Sultan Al Jaber released a new draft agreement aimed at bringing onboard the nearly 200 countries, which include Saudi Arabia and other producers seeking to preserve their economic lifeblood.

After an earlier draft listed the landmark option of a "phase-out" of oil, gas and coal, the new text draft focuses on "reducing" their production and consumption in order to achieve net-zero emissions by 2050.

Jaber -- whose role as president of the UAE national oil company has drawn suspicion from environmentalists -- called his text a step forward and said he still sought "high ambition" on the fossil-fuel language.

"We have made progress but we still have a lot to do," Jaber said in a plenary session.

Small island states that fear that climate change threatens their very existence accused the Emiratis of ignoring their interests.

"The Republic of the Marshall Islands did not come here to sign our death warrant," said its negotiator John Silk, demanding an end to fossil fuels.

Environmentalists said the text was woefully inefficient in checking warming at 1.5 degrees Celsius above pre-industrial levels -- the goal blessed by the 2015 Paris accord to avoid the worst ravages of climate change including worsening storms and droughts and rising sea levels.

"If this race-to-the-bottom monstrosity gets enshrined as the final word, this crucial COP will be a failure," said Jean Su of the Center for Biological Diversity.

Former US vice president Al Gore, who won a Nobel peace prize for his work on climate change, said that "COP28 is now on the verge of complete failure."

The draft, he said, "reads as if OPEC dictated it word for word."

The text does not go so far as to demand actions on fossil fuels, only presenting measures that nations "could" take.

"A list of crucial actions has become a menu to pick and choose from," said analyst Dave Jones of Ember's Global Insights Lead.

"And the main course doesn't even include a fossil-fuel phase-out."

- Western powers disappointed -

If the text aimed to win over the Saudis, it disappointed Western powers with the European Union, the United States, Germany and France all calling for stronger language.

"This text is insufficient. There are elements that are not acceptable as they are," French negotiator Agnes Pannier-Runacher said.

The United States, while voicing appreciation for Emirati efforts, called for fossil fuel language to be "substantially strengthened".

But a person familiar with the COP28 presidency's thinking called the text "an opening gambit" that can be built upon.

Negotiators who have spent 12 days in the glitzy metropolis built on petrodollars were expected to work through the night, with few expecting an agreement in time by the official close on Tuesday.

"We will talk as long as necessary and we will do our utmost as the European Union to arrive at what the world needs," said EU climate chief Wopke Hoekstra.

The draft agreement says countries can take action that includes "reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050 in keeping with the science".

On coal, the dirtiest major form of energy, the text lists limitations on "new and unabated coal power" -- meaning going ahead with potential projects that use new carbon capture and storage (CCS) technologies.

The text does list an option of "phasing out" of "inefficient fossil fuel subsidies" that encourage "wasteful consumption".

COP28 is taking place at the end of the hottest year on record with scientists believing it may be the warmest in more than 100,000 years.

Climate-related disasters in 2023 have included drought in the Horn of Africa and severe wildfires in Canada, Greece and Hawaii.

- US-China unity -

In a rare display of unity between rival powers, China and the United States, the world's two largest emitters, have largely been cooperating, with veteran US negotiator John Kerry pushing for a success as he celebrated his 80th birthday.

The latest draft deal includes language similar to a joint US-China statement released last month.

The COP28 deal calls for accelerating the deployment of zero and low-emissions technologies, including renewables, nuclear power and CCS "so as to enhance efforts towards substitution of unabated fossil fuels in energy systems".

Critics say carbon capture technology remains too expensive and would never be enough on its own to meaningfully reduce emissions.

F.Prochazka--TPP