The Prague Post - UN climate summit runs overtime as fury mounts on fossil fuels

EUR -
AED 4.224055
AFN 73.034746
ALL 93.912556
AMD 423.509494
ANG 2.059295
AOA 1055.298283
ARS 1652.513696
AUD 1.637006
AWG 2.070333
AZN 1.954332
BAM 1.938266
BBD 2.317733
BDT 141.263308
BGN 1.944825
BHD 0.433739
BIF 3440.203335
BMD 1.150185
BND 1.474263
BOB 7.980803
BRL 5.855363
BSD 1.15079
BTN 108.762098
BWP 15.419509
BYN 3.185978
BYR 22543.626
BZD 2.314463
CAD 1.623049
CDF 2668.429339
CHF 0.921954
CLF 0.025886
CLP 1018.787718
CNY 7.772318
CNH 7.779921
COP 3950.885475
CRC 524.15827
CUC 1.150185
CUP 30.479903
CVE 109.670229
CZK 23.926206
DJF 204.410724
DKK 7.402752
DOP 67.400776
DZD 152.835402
EGP 57.40366
ERN 17.252775
ETB 182.160574
FJD 2.569169
FKP 0.858573
GBP 0.866384
GEL 3.042238
GGP 0.858573
GHS 12.994445
GIP 0.858573
GMD 83.963142
GNF 10095.747706
GTQ 8.771724
GYD 240.722336
HKD 9.014132
HNL 30.706716
HRK 7.532445
HTG 150.290417
HUF 345.802709
IDR 20414.173491
ILS 3.38297
IMP 0.858573
INR 108.47337
IQD 1506.74235
IRR 1581504.374934
ISK 143.002537
JEP 0.858573
JMD 182.003529
JOD 0.815503
JPY 184.332097
KES 148.972166
KGS 100.583404
KHR 4615.109336
KMF 488.828408
KPW 1035.166903
KRW 1738.924442
KWD 0.35437
KYD 0.959024
KZT 561.198313
LAK 25338.575324
LBP 102999.066812
LKR 385.525743
LRD 209.506002
LSL 18.627083
LTL 3.396197
LVL 0.695736
LYD 7.332452
MAD 10.63348
MDL 20.081337
MGA 4830.776941
MKD 61.059454
MMK 2415.32615
MNT 4116.951662
MOP 9.284806
MRU 46.099467
MUR 54.208496
MVR 17.782141
MWK 1996.721456
MXN 19.882477
MYR 4.675277
MZN 73.499243
NAD 18.635202
NGN 1563.239036
NIO 42.108388
NOK 11.060296
NPR 174.018253
NZD 1.990508
OMR 0.442244
PAB 1.15079
PEN 3.925018
PGK 5.046724
PHP 69.44013
PKR 320.0944
PLN 4.195495
PYG 7022.472113
QAR 4.187251
RON 5.183926
RSD 116.25041
RUB 83.930778
RWF 1711.47528
SAR 4.315372
SBD 9.272129
SCR 16.235003
SDG 690.685314
SEK 10.948358
SGD 1.474571
SHP 0.858729
SLE 28.467414
SLL 24118.808572
SOS 657.339385
SRD 42.938737
STD 23806.507286
STN 24.613959
SVC 10.069
SYP 127.132361
SZL 18.629409
THB 37.420695
TJS 10.667696
TMT 4.037149
TND 3.349052
TOP 2.76937
TRY 53.420578
TTD 7.817282
TWD 36.298116
TZS 3019.239041
UAH 51.538512
UGX 4257.48521
USD 1.150185
UYU 46.460109
UZS 13807.970761
VES 685.552123
VND 30279.77031
VUV 136.859249
WST 3.151221
XAF 650.07617
XAG 0.016846
XAU 0.000268
XCD 3.108433
XCG 2.07402
XDR 0.809382
XOF 649.854731
XPF 119.331742
YER 274.462925
ZAR 18.840732
ZMK 10353.037051
ZMW 20.339997
ZWL 370.359101
  • RBGPF

    -1.7300

    61.14

    -2.83%

  • RYCEF

    -0.1600

    18.43

    -0.87%

  • AZN

    -0.8200

    177.89

    -0.46%

  • GSK

    -0.0700

    52.15

    -0.13%

  • CMSC

    -0.0450

    22.32

    -0.2%

  • RIO

    -3.0700

    102.67

    -2.99%

  • BTI

    -1.8900

    59.49

    -3.18%

  • NGG

    -1.6000

    80.68

    -1.98%

  • BP

    -1.0100

    40.14

    -2.52%

  • BCE

    -0.5400

    23.28

    -2.32%

  • VOD

    -0.3600

    14.53

    -2.48%

  • CMSD

    0.0300

    22.29

    +0.13%

  • BCC

    -0.7500

    70.81

    -1.06%

  • RELX

    -0.7900

    32.01

    -2.47%

  • JRI

    -0.1900

    12.62

    -1.51%

UN climate summit runs overtime as fury mounts on fossil fuels
UN climate summit runs overtime as fury mounts on fossil fuels / Photo: - - AFP

UN climate summit runs overtime as fury mounts on fossil fuels

The world's climate negotiators on Tuesday haggled beyond a host-imposed deadline for a deal as at-risk nations voiced fury over a proposed compromise that stops short of phasing out fossil fuels.

Text size:

The Emirati president of the COP28 summit had pressed the nearly 200 nations to reach an ambitious deal by the official end of talks at 11 am (0700 GMT), in an effort to force decisions.

But after another late night, there was no sign that the talks were anywhere near completion, with negotiators waiting for a fresh text after wide criticism of a draft released Monday.

"We have time and we are prepared to stay a little longer," German Foreign Minister Annalena Baerbock said.

The team from the Marshall Islands -- which lies on average 2.1 metres (seven feet) above sea level and is threatened with submersion as ice melts -- vowed to stay until the end.

The Pacific archipelago's negotiator, John Silk, said that his country "did not come here to sign our death warrant".

Cassie Flynn, global director of climate change at the UN Development Programme, said it was still possible to reach a deal that goes beyond the draft's "watery" language on fossil fuels.

"Parties are working around the clock," she said. "Negotiators are scurrying around rooms and on phone calls to try to find the places where they can agree."

- 'Broken beyond repair' -

Campaigners had hoped the COP28 summit -- set in a glitzy metropolis built on petrodollars -- would take the historic step of calling for the first time for a global phase-out of fossil fuels, which account for three-quarters of greenhouse gas emissions blamed for the planetary crisis.

But climate decisions must be made by consensus and Saudi Arabia, the world's largest oil exporter, has led opposition to the threat to its financial lifeblood.

The draft put forward by COP28 president Sultan Al Jaber -- himself head of the UAE's national oil company -- only lists a series of options including reductions in fossil fuel production and consumption.

Clive Hamilton, a professor at Australia's Charles Sturt University and veteran watcher of climate negotiations, said the "extraordinarily weak draft" showed the influence of the fossil fuel lobby, which showed up at COP28 in record numbers.

"If anything like the current text is adopted, it will show the COP process to be broken beyond repair," he said.

Scientists say the planet has already warmed by 1.2 degrees Celsius (2.2 Fahrenheit) from pre-industrial times and that 2023 -- marked by lethal disasters including wildfires across the world -- has likely been the warmest in 100,000 years.

The 2015 Paris summit endorsed an ambition of checking warming at 1.5 Celsius -- a goal endorsed in the latest draft, but which critics say is virtually impossible without serious efforts to curb oil, gas and coal.

 

"This is a war for survival," he said in a closed-door session which ended at around 2:30 am.

Kerry has supported calls to phase out fossil fuels, even though the United States remains the world's largest oil producer and much of the rival Republican Party adamantly opposes action on climate.

- Revisions expected -

Former US vice president Al Gore, who won the Nobel Peace Prize for his climate advocacy, said that the "obsequious" draft looked as if it had been written by the OPEC oil cartel.

Jaber acknowledged Monday there was work to do, and a person familiar with the COP28 presidency's thinking called Monday's text "an opening gambit" that could be built upon.

The 21-page text does not go so far as to demand action on fossil fuels, only presenting measures that nations "could" take.

"This is not a menu in a restaurant. We have to do all of these things," Canada's Steven Guilbeault, part of a group of ministers tasked by Jaber to shepherd negotiations, told AFP.

F.Prochazka--TPP