The Fort Worth Press - A month before global climate talks, agreement remains elusive

USD -
AED 3.672504
AFN 65.000368
ALL 81.431326
AMD 361.239406
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.452222
AWG 1.8
AZN 1.70397
BAM 1.754002
BBD 2.018116
BDT 124.801578
BGN 1.747831
BHD 0.378548
BIF 2997.982153
BMD 1
BND 1.283978
BOB 12.019192
BRL 5.504904
BSD 1.002018
BTN 94.051388
BWP 13.802968
BYN 3.000673
BYR 19600
BZD 2.015246
CAD 1.41125
CDF 2320.000362
CHF 0.819824
CLF 0.024951
CLP 981.982871
CNY 6.676504
CNH 6.670804
COP 3236.357114
CRC 454.419084
CUC 1
CUP 24.048249
CVE 98.887942
CZK 21.83445
DJF 178.43146
DKK 6.708504
DOP 60.885162
DZD 136.261154
EGP 53.769786
ERN 15
ETB 164.454778
EUR 0.896804
FJD 2.265604
FKP 0.748808
GBP 0.748083
GEL 2.59504
GGP 0.748808
GHS 11.707995
GIP 0.748808
GMD 74.503851
GNF 8874.938344
GTQ 7.657056
GYD 210.062329
HKD 7.84204
HNL 26.930631
HRK 6.76901
HTG 131.321465
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.748808
INR 93.910504
IQD 1519.035021
IRR 1891353.000352
ISK 122.790386
JEP 0.748808
JMD 159.024259
JOD 0.70904
JPY 158.47504
KES 130.209408
KGS 87.447804
KHR 4082.328147
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.83512
KZT 449.127842
LAK 22542.486884
LBP 89728.711717
LKR 333.213757
LRD 170.342137
LSL 16.570826
LTL 2.95274
LVL 0.60489
LYD 6.412269
MAD 9.794718
MDL 17.910408
MGA 4553.159051
MKD 55.203803
MMK 2099.945107
MNT 3601.130253
MOP 8.088606
MRU 40.453791
MUR 47.030378
MVR 15.403739
MWK 1737.500561
MXN 18.62354
MYR 4.061504
MZN 63.903729
NAD 16.570826
NGN 1347.210377
NIO 36.87727
NOK 9.459904
NPR 150.482041
NZD 1.807175
OMR 0.384144
PAB 1.002108
PEN 3.451773
PGK 4.566611
PHP 63.108038
PKR 277.126855
PLN 3.94555
PYG 6263.39626
QAR 3.662795
RON 4.792204
RSD 105.484059
RUB 81.925564
RWF 1478.947132
SAR 3.756342
SBD 8.048583
SCR 13.773553
SDG 601.503676
SEK 9.894504
SGD 1.282704
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 572.620062
SRD 37.583504
STD 20697.981008
STN 21.972109
SVC 8.76732
SYP 13001.999685
SZL 16.565176
THB 33.550369
TJS 9.243442
TMT 3.5
TND 2.998341
TOP 2.40776
TRY 50.141304
TTD 6.795211
TWD 32.775304
TZS 2647.773642
UAH 45.39348
UGX 4098.470921
UYU 40.312094
UZS 11956.414511
VES 896.316404
VND 25582.5
VUV 118.73125
WST 2.787825
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.805838
XDR 0.707052
XOF 588.264929
XPF 106.954845
YER 236.625037
ZAR 16.51943
ZMK 9001.203584
ZMW 20.360522
ZWL 321.999592
SSP 5745.232324
MXV 2.095222
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

A month before global climate talks, agreement remains elusive
A month before global climate talks, agreement remains elusive / Photo: © GETTY IMAGES NORTH AMERICA/AFP/File

A month before global climate talks, agreement remains elusive

Nothing has yet been agreed between the nearly 200 countries that will meet at the COP28 climate talks in Dubai, with two days of preparatory talks in Abu Dhabi failing to produce any major breakthrough, participants said Tuesday.

Text size:

Around 70 ministers took part in talks on Monday and Tuesday at the Emirates Palace, a luxurious resort in the United Arab Emirates capital Abu Dhabi, to hammer out details before next month's UN climate summit, the most important since the landmark Paris agreement in 2015.

"The main focus for the moment is clearly the loss and damage fund" for poorer nations hit by climate change, French Energy Minister Agnes Pannier-Runacher told AFP before the talks closed on Tuesday without a deal.

The previous round of negotiations in mid-October also ended in failure, with more talks scheduled from November 3-5 in Abu Dhabi.

Egypt's delegate to this week's talks, Mohamed Nasr told AFP "almost 80 percent of the text" is agreed, while an African negotiator who spoke on the condition of anonymity said that the "real battles" will be fought at COP28.

The agreement to set up a dedicated fund to help vulnerable countries cope with climate "loss and damage" was a flagship achievement of last year's COP27 talks in Egypt.

But countries left the details to be worked out later.

"I felt there was a lot of goodwill, constructive engagement, big debates and trying to find solutions," German climate negotiator Jennifer Morgan,told AFP, while admitting there's still "a lot to do in the next 28 days".

A series of talks this year have tried to tease out consensus on fundamentals like the structure, beneficiaries and contributors -- a key issue for richer nations who want China to pay into any fund.

"We were one or two days away from an agreement," said a European negotiator on condition of anonymity.

But several disagreements, including on beneficiaries, delayed a breakthrough.

"The United States does not want to put in a penny if China is a potential beneficiary," the negotiator said.

- 'Not fit' for funding -

Developing nations are demanding negotiators nail down the fund's operation, governance, location, contributors and beneficiaries, and a timeline for payouts, at the November 30-December 12 COP28 summit.

But many are sceptical of the willingness of rich countries to establish the fund, even temporarily, through the World Bank, which is "not fit for purpose for broader development issues," said Michai Robertson of the Alliance of Small Island States (AOSIS).

Meanwhile, Saudi Arabia does "not want any wording that would expand the list of donors beyond the developed countries", said the European negotiator.

Even if these hurdles are settled by COP28, it remains to be seen how much money rich countries are willing to supply.

In 2009, they pledged $100 billion of climate finance every year to developing nations, but failed to meet the 2020 deadline. There are hopes that goal will be met this year.

The loss and damage fund is based on voluntary contributions and is not an "obligation", Pannier-Runacher told AFP after chairing a Tuesday session on the fund.

The French minister said an agreement must be quickly reached to avoid turning the fund into a "pretext" to delay discussions on phasing out of fossil fuels.

- 'Strong views' -

COP28 will draw up the first official assessment of humanity’s efforts to respect the 2015 agreement and its ambition to limit global warming "if possible to 1.5 degrees C" since the pre-industrial era.

For the first time, the world is flirting with the limit this year. The global climate, over several years, is considered to have already warmed by about 1.2C, accompanied by a procession of natural disasters.

In about 30 years of COP meetings, the only progress on hydrocarbons was a coal-reduction target at COP26, and there have been no decisions on oil and gas.

"I know there are strong views about the idea of including language on fossil fuels and renewables in the negotiated text," said COP28 president Sultan al-Jaber on Monday, calling on countries to find "common ground".

In closing remarks on Tuesday he said: "We need to get on with the work. There is no time for delay. We should use every single day between now and the beginning of COP28 to make progress on all the elements".

In July, Jaber, who heads UAE oil giant ADNOC, said that "phasing down fossil fuels is inevitable" -- a statement he has not repeated this week.

A fossil fuel phaseout is already implicit in other commitments, including one to triple renewable energy capacity to 11 terawatts by 2030.

H.Carroll--TFWP