The Japan Times - COP28 fossil fuel battle hardens despite new warning on warming

EUR -
AED 4.089192
AFN 72.375297
ALL 90.522135
AMD 403.960011
ANG 1.992858
AOA 1022.158315
ARS 1721.026204
AUD 1.622555
AWG 2.004232
AZN 1.896276
BAM 1.949815
BBD 2.252143
BDT 139.432002
BGN 1.946144
BHD 0.421903
BIF 3345.395827
BMD 1.113462
BND 1.429654
BOB 13.263287
BRL 6.211445
BSD 1.118367
BTN 105.10238
BWP 15.342766
BYN 3.348417
BYR 21823.857856
BZD 2.249176
CAD 1.584629
CDF 2577.664591
CHF 0.923589
CLF 0.027839
CLP 1095.680494
CNY 7.427182
CNH 7.425395
COP 3684.47961
CRC 505.844995
CUC 1.113462
CUP 26.84037
CVE 109.927568
CZK 24.381701
DJF 199.118389
DKK 7.475084
DOP 67.831481
DZD 152.094503
EGP 59.632022
ERN 16.701932
ETB 179.434408
FJD 2.519208
FKP 0.83586
GBP 0.836605
GEL 2.8909
GGP 0.83586
GHS 13.095801
GIP 0.83586
GMD 82.395958
GNF 9907.543483
GTQ 8.545768
GYD 234.340672
HKD 8.735945
HNL 30.063268
HRK 7.537036
HTG 146.586749
HUF 365.29322
IDR 20242.407585
ILS 3.533294
IMP 0.83586
INR 104.319432
IQD 1695.380662
IRR 2122342.339778
ISK 136.788751
JEP 0.83586
JMD 177.493575
JOD 0.789402
JPY 177.191876
KES 144.72809
KGS 97.371816
KHR 4561.020051
KMF 492.150581
KPW 1002.115879
KRW 1485.881747
KWD 0.346409
KYD 0.931931
KZT 499.292895
LAK 25171.941393
LBP 100144.948857
LKR 371.665803
LRD 190.11472
LSL 18.333846
LTL 3.287764
LVL 0.673522
LYD 7.168994
MAD 10.909213
MDL 20.095683
MGA 5110.791458
MKD 61.532684
MMK 2337.98716
MNT 4012.309549
MOP 9.036082
MRU 45.114315
MUR 52.522235
MVR 17.145125
MWK 1939.229956
MXN 20.722015
MYR 4.535686
MZN 71.160941
NAD 18.334257
NGN 1498.887566
NIO 40.91944
NOK 10.621132
NPR 168.163054
NZD 1.993353
OMR 0.428136
PAB 1.118367
PEN 3.811298
PGK 5.008631
PHP 70.414184
PKR 309.295093
PLN 4.403453
PYG 6902.757521
QAR 4.076686
RON 5.344281
RSD 117.600504
RUB 92.249092
RWF 1654.606189
SAR 4.183295
SBD 9.008741
SCR 15.35965
SDG 669.749634
SEK 11.049609
SGD 1.42779
SHP 0.834335
SLE 25.503035
SLL 23348.749147
SOS 639.13239
SRD 41.806022
STD 23046.418134
STN 24.424807
SVC 9.785874
SYP 14477.234335
SZL 18.339705
THB 37.488059
TJS 10.27756
TMT 3.897117
TND 3.340082
TOP 2.680949
TRY 55.931898
TTD 7.58465
TWD 36.590149
TZS 2948.514585
UAH 50.865607
UGX 4562.993512
USD 1.113462
UYU 45.250693
UZS 13391.53277
VES 1002.662073
VND 28565.314355
VUV 133.411902
WST 3.103285
XAF 655.957
XAG 0.021085
XAU 0.000275170461
XCD 3.009187
XCG 2.015495
XDR 0.787276
XOF 655.957
XPF 119.331742
YER 263.331712
ZAR 18.432803
ZMK 10022.446406
ZMW 22.782589
ZWL 358.534353
SSP 6397.282577
MXV 2.32832
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

COP28 fossil fuel battle hardens despite new warning on warming
COP28 fossil fuel battle hardens despite new warning on warming / Photo: Karim SAHIB - 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.

S.Fujimoto--JT