The Prague Post - COP28 fossil fuel battle hardens despite new warning on warming

EUR -
AED 4.121569
AFN 72.38042
ALL 90.956239
AMD 404.895503
ANG 2.008636
AOA 1029.12868
ARS 1716.243843
AUD 1.596114
AWG 2.022906
AZN 1.910288
BAM 1.959165
BBD 2.25878
BDT 138.698247
BGN 1.961552
BHD 0.423227
BIF 3361.674463
BMD 1.122278
BND 1.433462
BOB 13.205684
BRL 5.572336
BSD 1.121526
BTN 106.412789
BWP 15.449538
BYN 3.292956
BYR 21996.644389
BZD 2.255474
CAD 1.576121
CDF 2599.195443
CHF 0.925229
CLF 0.028295
CLP 1107.081672
CNY 7.494627
CNH 7.484925
COP 3559.213783
CRC 511.7791
CUC 1.122278
CUP 26.915233
CVE 110.454732
CZK 24.312465
DJF 199.703037
DKK 7.474785
DOP 68.78816
DZD 150.761969
EGP 61.709802
ERN 16.834167
ETB 182.413037
FJD 2.510756
FKP 0.839248
GBP 0.839312
GEL 2.906473
GGP 0.839248
GHS 13.003336
GIP 0.839248
GMD 83.0488
GNF 9925.048596
GTQ 8.572726
GYD 234.883467
HKD 8.801548
HNL 30.108719
HRK 7.550906
HTG 146.982477
HUF 366.16332
IDR 20306.325719
ILS 3.48529
IMP 0.839248
INR 106.555218
IQD 1700.120355
IRR 2056433.737693
ISK 136.671324
JEP 0.839248
JMD 177.985732
JOD 0.795667
JPY 176.154966
KES 145.620137
KGS 98.141624
KHR 4581.870436
KMF 493.248844
KPW 1010.049954
KRW 1485.62604
KWD 0.348681
KYD 0.934605
KZT 509.194661
LAK 25236.349342
LBP 100428.208974
LKR 372.389666
LRD 191.208445
LSL 18.580516
LTL 3.313794
LVL 0.678855
LYD 7.182337
MAD 11.015722
MDL 20.242772
MGA 5071.711853
MKD 61.711003
MMK 2356.902556
MNT 4039.257507
MOP 9.060363
MRU 44.819989
MUR 52.926854
MVR 17.350098
MWK 1944.640375
MXN 20.978724
MYR 4.584847
MZN 71.712284
NAD 18.580516
NGN 1494.941588
NIO 41.270892
NOK 10.440533
NPR 170.260462
NZD 1.9696
OMR 0.431514
PAB 1.121426
PEN 3.851516
PGK 5.022628
PHP 71.397096
PKR 310.340583
PLN 4.398959
PYG 6486.141467
QAR 4.088022
RON 5.364264
RSD 117.702181
RUB 90.001526
RWF 1656.946193
SAR 4.212188
SBD 9.061921
SCR 15.753426
SDG 675.051828
SEK 11.121795
SGD 1.433429
SHP 0.838679
SLE 25.756323
SLL 23533.608738
SOS 640.900897
SRD 42.253198
STD 23228.884072
STN 24.542157
SVC 9.812856
SYP 14591.855276
SZL 18.579915
THB 37.899566
TJS 10.334452
TMT 3.939195
TND 3.348852
TOP 2.702175
TRY 55.812563
TTD 7.620089
TWD 36.570317
TZS 2969.100125
UAH 50.771612
UGX 4940.486443
USD 1.122278
UYU 44.977259
UZS 13421.053804
VES 987.36753
VND 29002.4634
VUV 133.127953
WST 3.106231
XAF 655.957
XAG 0.02082
XAU 0.000280868217
XCD 3.033012
XCG 2.021172
XDR 0.793509
XOF 655.957
XPF 119.331742
YER 264.965606
ZAR 18.628085
ZMK 10101.84443
ZMW 22.547731
ZWL 361.372986
SSP 6447.822226
MXV 2.367724
  • AZN

    -1.0800

    171.49

    -0.63%

  • GSK

    -0.4600

    50.75

    -0.91%

  • VOD

    -0.3800

    15.74

    -2.41%

  • RIO

    -0.7200

    83.42

    -0.86%

  • BTI

    -0.9900

    59.48

    -1.66%

  • CMSC

    0.0000

    19.6

    0%

  • NGG

    -0.7800

    81.86

    -0.95%

  • RYCEF

    -1.7500

    15.26

    -11.47%

  • RBGPF

    2.6200

    72.77

    +3.6%

  • BCC

    -0.5500

    77.74

    -0.71%

  • BCE

    -0.4100

    20.4

    -2.01%

  • BP

    1.2700

    51.32

    +2.47%

  • CMSD

    0.1800

    19.78

    +0.91%

  • RELX

    -0.0800

    40.54

    -0.2%

  • JRI

    0.0700

    10.75

    +0.65%

COP28 fossil fuel battle hardens despite new warning on warming
COP28 fossil fuel battle hardens despite new warning on warming / Photo: Karim SAHIB - 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.

V.Nemec--TPP