The Japan Times - UN climate talks chief pushes for rapid draft deal

EUR -
AED 4.257825
AFN 73.041018
ALL 95.873009
AMD 437.352583
ANG 2.075387
AOA 1063.151672
ARS 1613.58108
AUD 1.673905
AWG 2.089782
AZN 1.973845
BAM 1.954333
BBD 2.334618
BDT 142.577309
BGN 1.981739
BHD 0.437687
BIF 3437.561568
BMD 1.15938
BND 1.487067
BOB 8.009404
BRL 5.97753
BSD 1.159165
BTN 107.581834
BWP 15.765053
BYN 3.447206
BYR 22723.847126
BZD 2.331251
CAD 1.608831
CDF 2660.776779
CHF 0.920201
CLF 0.026806
CLP 1058.468183
CNY 7.967264
CNH 7.972674
COP 4258.889516
CRC 538.925783
CUC 1.15938
CUP 30.723569
CVE 110.722703
CZK 24.516831
DJF 206.04483
DKK 7.472801
DOP 70.143272
DZD 153.949838
EGP 62.050135
ERN 17.390699
ETB 182.022293
FJD 2.613012
FKP 0.879391
GBP 0.871048
GEL 3.118896
GGP 0.879391
GHS 12.753478
GIP 0.879391
GMD 85.21678
GNF 10179.356057
GTQ 8.867307
GYD 242.600498
HKD 9.086698
HNL 30.862654
HRK 7.536546
HTG 152.154348
HUF 383.24522
IDR 19636.418305
ILS 3.636337
IMP 0.879391
INR 107.408495
IQD 1518.208052
IRR 1529077.238778
ISK 144.412139
JEP 0.879391
JMD 183.321638
JOD 0.822032
JPY 183.994179
KES 150.777075
KGS 101.387493
KHR 4649.699016
KMF 494.765613
KPW 1043.376276
KRW 1755.046257
KWD 0.358781
KYD 0.966029
KZT 551.044098
LAK 25451.296237
LBP 103411.591452
LKR 365.40421
LRD 213.152204
LSL 19.645662
LTL 3.423348
LVL 0.701297
LYD 7.390987
MAD 10.811232
MDL 20.418822
MGA 4840.411584
MKD 61.660687
MMK 2435.168612
MNT 4142.142525
MOP 9.359182
MRU 46.52622
MUR 54.247415
MVR 17.912336
MWK 2013.843377
MXN 20.666755
MYR 4.66181
MZN 74.153892
NAD 19.645738
NGN 1599.978701
NIO 42.560709
NOK 11.261423
NPR 172.131476
NZD 2.01633
OMR 0.445773
PAB 1.15919
PEN 4.032302
PGK 5.053699
PHP 69.770824
PKR 323.696816
PLN 4.283526
PYG 7528.253101
QAR 4.225358
RON 5.098146
RSD 117.335075
RUB 93.098607
RWF 1693.854115
SAR 4.351688
SBD 9.286604
SCR 16.275631
SDG 696.7875
SEK 10.912675
SGD 1.487316
SHP 0.869835
SLE 28.512249
SLL 24311.630526
SOS 662.585427
SRD 43.319095
STD 23996.824298
STN 24.926669
SVC 10.142345
SYP 128.398205
SZL 19.634144
THB 37.807266
TJS 11.084355
TMT 4.05783
TND 3.378723
TOP 2.791508
TRY 51.582667
TTD 7.867537
TWD 37.119883
TZS 3002.793635
UAH 50.722498
UGX 4317.890035
USD 1.15938
UYU 47.11444
UZS 14144.435668
VES 548.763749
VND 30532.271126
VUV 139.408472
WST 3.220425
XAF 655.501836
XAG 0.015358
XAU 0.000242
XCD 3.133282
XCG 2.088923
XDR 0.824264
XOF 654.469842
XPF 119.331742
YER 276.657015
ZAR 19.492823
ZMK 10435.815284
ZMW 22.34239
ZWL 373.319873
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    0.0500

    22.15

    +0.23%

  • JRI

    0.2200

    12.52

    +1.76%

  • BCC

    -0.7700

    75.08

    -1.03%

  • BCE

    0.1400

    25.38

    +0.55%

  • RYCEF

    0.5500

    15.64

    +3.52%

  • NGG

    2.2400

    86.84

    +2.58%

  • RIO

    1.5200

    94.81

    +1.6%

  • VOD

    0.1100

    15.13

    +0.73%

  • CMSC

    0.0900

    21.99

    +0.41%

  • RELX

    0.0800

    33.23

    +0.24%

  • AZN

    3.5100

    200.73

    +1.75%

  • GSK

    0.8000

    55.99

    +1.43%

  • BTI

    -0.5800

    57.89

    -1%

  • BP

    -0.8300

    46.17

    -1.8%

UN climate talks chief pushes for rapid draft deal
UN climate talks chief pushes for rapid draft deal / Photo: Giuseppe CACACE - AFP

UN climate talks chief pushes for rapid draft deal

The head of the UN climate summit pressed nations Friday to strike a deal as talks resumed after a break, with only four days left for negotiators to iron out differences over the fate of fossil fuels.

Text size:

While UN climate talks rarely finish on time, COP28 president Sultan Al Jaber has set the ambitious goal of wrapping up the conference in Dubai on schedule at 11 am (0700 GMT) on Tuesday.

With ministers now in town to carry a deal across the line, Jaber said he wanted negotiators to produce a new draft deal on Friday.

Despite disagreements over the future of fossil fuels, Jaber voiced optimism that the talks hosted by the oil-rich United Arab Emirates can finish with a historic agreement.

"We have the potential to deliver a paradigm shift," he said Friday after delegations from nearly 200 nations took a breather the day before.

- 'Get the job done' -

"Let us please get this job done. I need you to step up and I need you to come out of your comfort zones," he said.

Climate campaigners have viewed Jaber with deep suspicion due to his position as the head of UAE national oil firm ADNOC, but he has sought to assure sceptics by stating that a phase down of fossil fuels was "inevitable".

COP28 kicked off last week with the landmark launch of a loss and damage fund for nations devastated by climate change.

"We have surprised the doubters and inspired the optimists," Jaber said.

- The options -

A handful of countries, including oil-rich Saudi Arabia and major crude consumer China, have resisted the inclusion of language on a phase-out of fossil fuels in the final text so far.

A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break.

Tuesday's document contains three options on fossil fuels.

The first calls for an "orderly and just" exit from hydrocarbons, and the second that countries must accelerate efforts towards the phase-out of "unabated" fossil fuels -- those whose emissions cannot be captured -- and "rapidly" reduce their use to achieve net-zero CO2 in energy systems by around 2050.

US climate envoy John Kerry repeated on Wednesday that carbon capture technology was key to efforts to phase out fossil fuels -- a hint that Washington might be leaning towards the second option.

The third and most controversial option effectively proposes not addressing the issue at all.

A negotiator from the pro-phase-out camp said a "coalition is there" for a fossil fuel exit, but that the two opposing camps had yet to go head-to-head in talks.

Scientists warn that greenhouse gas emissions -- the bulk of which come from burning fossil fuels -- must fall by 43 percent by 2030 from 2019 levels for the world to reach the goal of limiting warming to 1.5 degrees Celsius.

- Saudi position -

Saudi Arabia has been the most vocal nation against a phase-out or even a phase-down of fossil fuels.

"As one of the largest producers of hydrocarbons, they refuse to have a solution imposed upon them," Umar Karim, an expert on Saudi politics at the University of Birmingham, told AFP.

Kristian Ulrichsen, a Middle East fellow at Rice University, said Saudi Arabia would seek a coalition with like-minded countries on fossil fuels, including China and Russia.

"The Saudis will not want to be cast as the sole holdout in favour of fossil fuel," Ulrichsen said.

Another thorny issue -- over who will host next year's COP29 -- appears to be headed towards an agreement after Armenia said it was dropping its rival bid in a goodwill gesture to try to normalise relations with its neighbour, petro-state Azerbaijan.

Next year is the turn of Eastern Europe and Russia. Under Western pressure over its invasion of Ukraine, Moscow has blocked the Bulgarian bid, saying no European Union member should take charge.

Y.Ishikawa--JT