The Prague Post - Nations to kick off world-first fossil fuel exit talks

EUR -
AED 4.114065
AFN 72.259582
ALL 90.790621
AMD 404.158249
ANG 2.004979
AOA 1027.255243
ARS 1706.277137
AUD 1.605841
AWG 2.019222
AZN 1.908846
BAM 1.955598
BBD 2.254667
BDT 138.445698
BGN 1.95798
BHD 0.422456
BIF 3355.553362
BMD 1.120234
BND 1.430852
BOB 13.181638
BRL 5.562192
BSD 1.119484
BTN 106.219027
BWP 15.421407
BYN 3.28696
BYR 21956.591821
BZD 2.251367
CAD 1.568609
CDF 2594.46299
CHF 0.92428
CLF 0.028078
CLP 1105.065844
CNY 7.480981
CNH 7.472639
COP 3552.732992
CRC 510.847228
CUC 1.120234
CUP 26.866225
CVE 110.25361
CZK 24.330933
DJF 199.339408
DKK 7.473811
DOP 68.662907
DZD 150.487454
EGP 61.701626
ERN 16.803514
ETB 182.080891
FJD 2.506193
FKP 0.837532
GBP 0.83759
GEL 2.901844
GGP 0.837532
GHS 12.979659
GIP 0.837532
GMD 82.897735
GNF 9906.976581
GTQ 8.557116
GYD 234.45578
HKD 8.78527
HNL 30.053895
HRK 7.537165
HTG 146.714844
HUF 366.731529
IDR 20269.350965
ILS 3.478944
IMP 0.837532
INR 106.361208
IQD 1697.024692
IRR 2052689.282929
ISK 136.422562
JEP 0.837532
JMD 177.661647
JOD 0.79429
JPY 175.72038
KES 145.354984
KGS 97.962924
KHR 4573.527541
KMF 492.347215
KPW 1008.210806
KRW 1482.658115
KWD 0.348046
KYD 0.932904
KZT 508.267495
LAK 25190.397759
LBP 100245.344367
LKR 371.711601
LRD 190.860284
LSL 18.546684
LTL 3.307761
LVL 0.677619
LYD 7.169259
MAD 10.995664
MDL 20.205913
MGA 5062.477032
MKD 61.598637
MMK 2352.70217
MNT 4032.758987
MOP 9.043866
MRU 44.738378
MUR 52.830672
MVR 17.319246
MWK 1941.099479
MXN 20.912986
MYR 4.576498
MZN 71.587148
NAD 18.546684
NGN 1492.219693
NIO 41.195744
NOK 10.482469
NPR 169.950444
NZD 1.961367
OMR 0.429016
PAB 1.119384
PEN 3.844503
PGK 5.013482
PHP 71.267107
PKR 309.775499
PLN 4.40251
PYG 6474.331183
QAR 4.080578
RON 5.3545
RSD 117.487863
RUB 91.430555
RWF 1653.929144
SAR 4.204519
SBD 9.045421
SCR 15.663382
SDG 673.825035
SEK 11.125947
SGD 1.430432
SHP 0.837151
SLE 25.709792
SLL 23490.757589
SOS 639.733914
SRD 42.152218
STD 23186.587781
STN 24.497469
SVC 9.794988
SYP 14565.285711
SZL 18.546084
THB 37.830725
TJS 10.315634
TMT 3.932022
TND 3.342755
TOP 2.697255
TRY 55.679905
TTD 7.606214
TWD 36.503734
TZS 2963.693842
UAH 50.679165
UGX 4931.490563
USD 1.120234
UYU 44.895362
UZS 13396.616091
VES 985.569686
VND 28949.654292
VUV 133.391269
WST 3.100456
XAF 655.957
XAG 0.020782
XAU 0.000280356799
XCD 3.02749
XCG 2.017492
XDR 0.792064
XOF 655.957
XPF 119.331742
YER 264.491333
ZAR 18.566461
ZMK 10083.456786
ZMW 22.506675
ZWL 360.71498
SSP 6436.51929
MXV 2.360302
  • BCC

    -0.5500

    77.74

    -0.71%

  • BCE

    -0.4100

    20.4

    -2.01%

  • RIO

    -0.7200

    83.42

    -0.86%

  • NGG

    -0.7800

    81.86

    -0.95%

  • CMSC

    0.0000

    19.6

    0%

  • CMSD

    0.1800

    19.78

    +0.91%

  • RELX

    -0.0800

    40.54

    -0.2%

  • JRI

    0.0700

    10.75

    +0.65%

  • RYCEF

    -1.7500

    15.26

    -11.47%

  • VOD

    -0.3800

    15.74

    -2.41%

  • GSK

    -0.4600

    50.75

    -0.91%

  • RBGPF

    2.6200

    72.77

    +3.6%

  • BTI

    -0.9900

    59.48

    -1.66%

  • BP

    1.2700

    51.32

    +2.47%

  • AZN

    -1.0800

    171.49

    -0.63%

Nations to kick off world-first fossil fuel exit talks
Nations to kick off world-first fossil fuel exit talks / Photo: Raul ARBOLEDA - AFP

Nations to kick off world-first fossil fuel exit talks

More than 50 governments meet in Colombia on Tuesday against the backdrop of the Iran war and a global energy crunch for the first international talks on phasing out planet-heating fossil fuels.

Text size:

Ministers and climate envoys aim to revive the transition from fossil fuels at the inaugural conference in Santa Marta, one of the country's busiest coal hubs in a nation heavily reliant on energy exports.

The two-day conference bypasses the United Nations climate talks and reflects a growing impatience with its failure to tackle fossil fuels, the main driver of global warming.

"People seem refreshed to be able to talk about these issues without having to sort of argue the existential question of -- do we need to do this at all?" the UK's special climate envoy Rachel Kyte told AFP in Santa Marta on Monday.

As government delegates arrived Monday, climate activists and Indigenous groups protested against fossil fuels on the streets and beaches of the Caribbean port town where coal tankers dot the ocean horizon.

The conference is not expected to produce binding commitments but a scientific panel has asked governments taking part to consider a halt on new fossil fuel expansion, among other proposals.

On the list of attendees are major fossil fuel producers Canada, Norway and Australia and developing oil giants Nigeria, Angola and Brazil.

They join major energy consuming nations in the European Union, coal-reliant emerging markets Turkey and Vietnam, and small island nation states extremely vulnerable to climate shocks.

The world's biggest emitters of greenhouse gases -- including the United States, China and India -- are not attending, nor are oil-rich Gulf states.

- 'Good faith' -

The conference was announced late last year but organizers say the US-Israel attacks on Iran had bolstered the case for a fossil fuel phaseout as nations confronted a sudden shortage of oil and gas.

"Fossil fuels are now clearly to be seen as a source of instability," Kyte told AFP in an interview.

Many nations "are here in good faith to really work through what is a very complex challenge made more urgent by the crisis," she added.

This includes developing nations highly dependent on fossil fuel revenue like Colombia, which is co-hosting the conference with the Netherlands.

Among other agenda items, nations will consider how to equitably reduce fossil fuel production and consumption, and reforming subsidies that throw up barriers to renewable energy investment.

Analysis by the International Institute for Sustainable Development on Monday showed that governments still spent five times more public money on fossil fuels than renewable alternatives.

- 'Fossil fuel ban' -

On Sunday, a scientific panel released a 12-point "menu" of policy options that included "halting all new and expanding fossil fuel extraction and infrastructure projects."

"Without a doubt, there is no justification whatsoever for any new exploration of fossil fuels," the Brazilian scientist Carlos Nobre, a former member of the UN's climate advisory panel, told AFP in Santa Marta.

Even as record amounts of investment flows into renewable energy, scientists warn the pace is still too slow to keep global temperature rises to safer levels.

"Even if we carried out no new exploration, the amount of fossil fuels -- oil, coal, and natural gas -- that already exists will push temperatures up to two and a half degrees by 2050," Nobre said.

The world has already warmed about 1.4C above pre-industrial times and is tracking to blow past 1.5C in a matter of years.

Above that threshold, scientists warn that coral reefs and Greenland ice sheets could disappear, among other catastrophic and irreversible impacts.

I.Horak--TPP