The Fort Worth Press - COP28 fossil fuel battle hardens despite new warning on warming

USD -
AED 3.672497
AFN 63.999524
ALL 82.817919
AMD 366.961185
ANG 1.790403
AOA 917.497554
ARS 1477.267299
AUD 1.449191
AWG 1.8
AZN 1.696986
BAM 1.719513
BBD 2.008994
BDT 122.690487
BGN 1.69088
BHD 0.376994
BIF 2980
BMD 1
BND 1.294146
BOB 6.89258
BRL 5.195598
BSD 0.997508
BTN 94.112631
BWP 13.611387
BYN 2.838756
BYR 19600
BZD 2.006181
CAD 1.419985
CDF 2270.000283
CHF 0.810703
CLF 0.023384
CLP 920.330506
CNY 6.790502
CNH 6.80177
COP 3447.54
CRC 454.001969
CUC 1
CUP 26.5
CVE 96.940099
CZK 21.3531
DJF 177.630075
DKK 6.578008
DOP 58.781123
DZD 133.470173
EGP 49.515902
ERN 15
ETB 158.649893
EUR 0.880105
FJD 2.266098
FKP 0.75995
GBP 0.758084
GEL 2.639591
GGP 0.75995
GHS 11.218905
GIP 0.75995
GMD 72.500239
GNF 8740.757673
GTQ 7.610005
GYD 208.702762
HKD 7.84025
HNL 26.719736
HRK 6.630401
HTG 130.371712
HUF 311.630501
IDR 18028
ILS 2.982925
IMP 0.75995
INR 94.40065
IQD 1310
IRR 1375049.999969
ISK 126.720221
JEP 0.75995
JMD 157.214761
JOD 0.70901
JPY 161.818503
KES 129.529911
KGS 87.449853
KHR 4010.000098
KMF 434.000376
KPW 900.00035
KRW 1546.390241
KWD 0.30965
KYD 0.831256
KZT 483.438614
LAK 22065.000185
LBP 89328.533059
LKR 336.16866
LRD 181.540044
LSL 16.590003
LTL 2.95274
LVL 0.60489
LYD 6.405725
MAD 9.415504
MDL 17.705627
MGA 4252.569389
MKD 54.235871
MMK 2099.534862
MNT 3583.823146
MOP 8.055405
MRU 40.070268
MUR 48.190044
MVR 15.45039
MWK 1737.000108
MXN 17.507199
MYR 4.120437
MZN 63.894772
NAD 16.590323
NGN 1375.170414
NIO 36.609801
NOK 9.872751
NPR 150.579371
NZD 1.771805
OMR 0.384506
PAB 0.99749
PEN 3.422009
PGK 4.377508
PHP 61.366498
PKR 277.594113
PLN 3.77064
PYG 6095.373741
QAR 3.644976
RON 4.605495
RSD 103.32795
RUB 75.200986
RWF 1465.854892
SAR 3.75501
SBD 8.051953
SCR 13.24174
SDG 599.99957
SEK 9.742976
SGD 1.296825
SHP 0.746601
SLE 24.799045
SLL 20969.503664
SOS 570.059564
SRD 37.319711
STD 20697.981008
STN 21.540261
SVC 8.728411
SYP 110.532098
SZL 16.516625
THB 33.377502
TJS 9.221714
TMT 3.5
TND 2.937503
TOP 2.40776
TRY 46.601903
TTD 6.774893
TWD 31.861403
TZS 2618.936022
UAH 44.85287
UGX 3690.695456
UYU 40.019342
UZS 11982.22316
VES 620.752985
VND 26320
VUV 119.820737
WST 2.777776
XAF 576.690844
XAG 0.017376
XAU 0.000249
XCD 2.70255
XCG 1.797729
XDR 0.717231
XOF 576.698449
XPF 104.849947
YER 238.624978
ZAR 16.50045
ZMK 9001.200752
ZMW 18.004545
ZWL 321.999592
  • CMSC

    -0.0190

    22.046

    -0.09%

  • RYCEF

    0.7000

    18.7

    +3.74%

  • GSK

    0.8000

    51.89

    +1.54%

  • CMSD

    -0.0900

    21.93

    -0.41%

  • BTI

    1.0900

    62.48

    +1.74%

  • RBGPF

    0.0000

    61.3

    0%

  • AZN

    2.6600

    185.68

    +1.43%

  • BCE

    0.0000

    23.2

    0%

  • JRI

    0.0100

    12.58

    +0.08%

  • NGG

    0.5900

    83.42

    +0.71%

  • VOD

    0.0500

    13.86

    +0.36%

  • RIO

    1.0800

    95.11

    +1.14%

  • RELX

    -0.2300

    30.92

    -0.74%

  • BP

    -0.1400

    37.72

    -0.37%

  • BCC

    2.1000

    79.76

    +2.63%

COP28 fossil fuel battle hardens despite new warning on warming
COP28 fossil fuel battle hardens despite new warning on warming / Photo: © 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.

N.Patterson--TFWP