The Fort Worth Press - COP28 talks no place to boost fossil fuels says ex-UN climate boss

USD -
AED 3.67315
AFN 63.496406
ALL 82.896091
AMD 377.204398
ANG 1.790083
AOA 917.000216
ARS 1376.5596
AUD 1.438849
AWG 1.80225
AZN 1.690302
BAM 1.686202
BBD 2.015182
BDT 122.789623
BGN 1.709309
BHD 0.377574
BIF 2970
BMD 1
BND 1.279061
BOB 6.913944
BRL 5.238498
BSD 1.000522
BTN 94.115213
BWP 13.635619
BYN 2.965482
BYR 19600
BZD 2.012485
CAD 1.38105
CDF 2280.000305
CHF 0.791697
CLF 0.023228
CLP 917.190008
CNY 6.901496
CNH 6.90295
COP 3701.66
CRC 465.236584
CUC 1
CUP 26.5
CVE 95.625025
CZK 21.163501
DJF 177.71998
DKK 6.46449
DOP 60.374992
DZD 132.676934
EGP 52.532597
ERN 15
ETB 157.300918
EUR 0.86511
FJD 2.227203
FKP 0.747226
GBP 0.74823
GEL 2.695021
GGP 0.747226
GHS 10.949783
GIP 0.747226
GMD 73.501184
GNF 8780.00006
GTQ 7.657854
GYD 209.347342
HKD 7.81825
HNL 26.520413
HRK 6.518701
HTG 131.207187
HUF 334.947496
IDR 16599.65
ILS 3.11585
IMP 0.747226
INR 93.9515
IQD 1310
IRR 1313150.000316
ISK 123.89028
JEP 0.747226
JMD 157.605908
JOD 0.708994
JPY 159.421013
KES 129.75003
KGS 87.449203
KHR 4012.999967
KMF 426.999713
KPW 900.014346
KRW 1501.939956
KWD 0.30662
KYD 0.833829
KZT 482.773486
LAK 21584.99982
LBP 89550.000175
LKR 314.680461
LRD 183.650094
LSL 16.94044
LTL 2.952739
LVL 0.60489
LYD 6.375046
MAD 9.327502
MDL 17.495667
MGA 4170.000017
MKD 53.309984
MMK 2100.167588
MNT 3569.46809
MOP 8.057787
MRU 40.130189
MUR 46.469726
MVR 15.450073
MWK 1737.000017
MXN 17.775501
MYR 3.964504
MZN 63.904127
NAD 16.929835
NGN 1385.81034
NIO 36.720014
NOK 9.694297
NPR 150.586937
NZD 1.72228
OMR 0.384504
PAB 1.000578
PEN 3.460501
PGK 4.309501
PHP 59.995971
PKR 279.049697
PLN 3.69955
PYG 6510.184287
QAR 3.64399
RON 4.4077
RSD 101.592025
RUB 80.997729
RWF 1460
SAR 3.751633
SBD 8.042037
SCR 14.125039
SDG 601.000214
SEK 9.352803
SGD 1.281495
SHP 0.750259
SLE 24.550435
SLL 20969.510825
SOS 570.999967
SRD 37.340502
STD 20697.981008
STN 21.4
SVC 8.755292
SYP 110.948257
SZL 16.897886
THB 32.729925
TJS 9.58109
TMT 3.5
TND 2.9375
TOP 2.40776
TRY 44.348805
TTD 6.803525
TWD 31.928503
TZS 2570.058986
UAH 43.92958
UGX 3702.186911
UYU 40.504889
UZS 12200.000111
VES 462.09036
VND 26350
VUV 119.508072
WST 2.738201
XAF 565.560619
XAG 0.01403
XAU 0.000222
XCD 2.70255
XCG 1.803352
XDR 0.702492
XOF 563.501088
XPF 103.450054
YER 238.649988
ZAR 16.928502
ZMK 9001.210149
ZMW 18.736367
ZWL 321.999592
  • CMSD

    0.0500

    22.68

    +0.22%

  • CMSC

    0.0400

    22.91

    +0.17%

  • BCC

    1.0800

    74.65

    +1.45%

  • JRI

    0.2400

    12.1

    +1.98%

  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    1.9600

    84.29

    +2.33%

  • RIO

    0.7700

    87.54

    +0.88%

  • AZN

    1.3600

    187.14

    +0.73%

  • GSK

    1.7500

    54.7

    +3.2%

  • BCE

    -0.3400

    25.49

    -1.33%

  • BTI

    0.6900

    58.45

    +1.18%

  • RYCEF

    0.3000

    15.9

    +1.89%

  • VOD

    0.0600

    14.72

    +0.41%

  • BP

    0.6200

    45.41

    +1.37%

  • RELX

    0.0100

    32.47

    +0.03%

COP28 talks no place to boost fossil fuels says ex-UN climate boss
COP28 talks no place to boost fossil fuels says ex-UN climate boss / Photo: © AFP

COP28 talks no place to boost fossil fuels says ex-UN climate boss

The UN's former climate chief said she was "giving up hope" that fossil fuel firms will be part of the solution to warming as pivotal COP28 talks start Thursday in oil-rich United Arab Emirates.

Text size:

With the UN climate negotiations expected to feature a showdown on the future of fossil fuels, Christiana Figueres expressed concern over reports the UAE planned to use its role as host to strike oil and gas deals.

Figueres, who led the UN climate convention when the landmark Paris deal was struck, told AFP that she had previously championed the idea that the world's polluting coal, oil and gas industries should "sit at the table".

"I'm actually giving up hope on that," she said, adding that it was "unforgivable" that the industries funnelled the bumper profits of recent years into shareholder dividends and lobbying efforts -- rather than invest in renewable energy technologies.

She also called for more transparency around fossil fuel influence from the COP presidency, which is held by the UAE's Sultan Al Jaber, who is also head of the Emirates state oil and gas company.

Reacting to BBC reports of leaked documents suggesting the UAE planned to exploit its role organising the climate conference to strike fossil fuel deals, Figueres said if true the claims would mark a "serious breach of the responsibility of the COP presidency".

"It is not a meeting to advance the interests of the oil and gas industry," she told PBS News in a linked interview hosted by the organisation Covering Climate Now.

"This is a convening of all the governments in the world to advance the protection of the planet... precisely because of the negative consequences of mostly the operation of the oil and gas industry."

Jaber strongly denied the BBC reports Wednesday, saying they were "false, not true, incorrect".

Global climate negotiations largely avoided mentioning fossil fuels for decades, until Glasgow's COP26 agreed to "phasedown" unfiltered coal power and the "phase-out of inefficient fossil fuel subsidies".

Momentum has built since then on a more ambitious pledge to move away from all fossil fuels and Figueres said an unprecedented surge in renewables and electric vehicles gave her optimism that the world can still achieve its climate goals.

Those centre on the 2015 Paris deal, which saw nearly 200 nations agree to limit global warming to "well below" two degrees Celsius since the preindustrial era, and preferably a safer threshold of 1.5C.

- Must try harder -

Figueres, a member of Costa Rica's climate negotiating team before she took the helm of the UN's climate change body from 2010 to 2016, said that deal was signed by leaders out of "enlightened self interest".

But she said that the world was now "horribly close" to the 1.5C limit, with emissions continuing to rise and this year is almost certain to be the hottest in human history.

She called on leaders attending the COP28 meeting to respond to a damning Global Stocktake on the world's climate action shortcomings by both accepting efforts so far have been "completely insufficient" and by doubling down on future action.

One key target, she said, should be fossil fuel subsidies, which the International Monetary Fund has said surged to a record $7 trillion last year -- equivalent to around 7 percent of global gross domestic product.

"My outrage is fossil fuel subsidies," said Figueres, adding that she would also be in favour of extra taxation on fossil fuel profits -- a suggestion championed by developing countries facing the sharpest impact of accelerating weather extremes.

She said leaders must focus on the need to almost halve emissions by 2030, which the UN's IPCC climate expert panel says is needed to keep 1.5C of warming a possibility.

"If we breach the ceiling that has been established by scientists for 2030, we have a serious problem in our hands, because we will have very likely opened a cascade of tipping points into the ecosystems that negatively affect each other," she said.

"And that will be incredibly damaging to human life, but also to all other life on this planet."

J.M.Ellis--TFWP