The Japan Times - Dubai summit adopts world-first 'transition' from fossil fuels

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%

Dubai summit adopts world-first 'transition' from fossil fuels
Dubai summit adopts world-first 'transition' from fossil fuels / Photo: Giuseppe CACACE - AFP

Dubai summit adopts world-first 'transition' from fossil fuels

Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away from fossil fuels, the top culprit of climate change behind a planetary crisis.

Text size:

After 13 days of talks and another sleepless night in a country built on oil wealth, the Emirati leadership of the COP28 summit banged a gavel to signal the world had reached consensus.

"You did step up, you showed flexibility, you put common interest ahead of self-interest," said COP28 president Sultan Al Jaber, whose role as head of the United Arab Emirates' national oil company raised suspicion among many environmentalists.

The United Arab Emirates, he said, was "rightly proud" of its role in bringing "transformational change" to the planet.

"The world needed to find a new way. And by following our North Star, we have found that new path," he said to applause, referring to the goal of limiting warming to 1.5 degrees Celsius.

Jaber hours earlier released a draft of the agreement aiming to bring onboard countries from islands fearing extinction to Saudi Arabia, which has led the charge to keep exporting its oil.

Toughening language from an earlier draft that was roundly denounced, the agreement calls for "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science".

It marked the first mention of all fossil fuels in 28 years of climate summits.

"For the first time in 30 years, we might now reach the beginning of the end of fossil fuels," EU climate chief Wopke Hoekstra said before heading into the plenary session.

Danish negotiator Dan Jorgensen, part of a group in charge of making headway, called the agreement "historic progress".

The text, however, stopped short of calls during the summit for a "phase-out" of oil, gas and coal, which together account for around three-quarters of the emissions responsible for the planetary crisis.

Low-lying islands fear extinction from rising sea levels and worsening storms, with the Marshall Islands denouncing the earlier draft as a "death warrant".

The bloc of small island states called the revised text "an improvement" but it reiterated concerns, saying that the deal was "incremental and not transformational".

- UAE steps up language -

Jaber's earlier draft merely suggested that nations "could" reduce the consumption and production of fossil fuels, among other options, drawing fury from green groups.

Environmentalists virtually all saw the new text as an improvement, although many cautioned that there will still far more to do.

"We are finally naming the elephant in the room. The genie is never going back into the bottle and future COPs will only turn the screws even more on dirty energy," said Mohamed Adow, director of the Power Shift Africa think tank, referring to the annual UN climate meetings known as Conferences of the Parties.

"Some people may have had their expectations for this meeting raised too high, but this result would have been unheard off two years ago, especially at a COP meeting in a petrostate," he said.

The agreement also made more explicit the near-term goals in the goal of ending net emissions by 2050.

It called for the world to cut greenhouse gas emissions by 43 percent by 2030 compared with 2019 levels.

Rachel Cleetus, policy director at the Union of Concerned Scientists, said the deal "sends a strong signal that world leaders recognise that a sharp turn away from fossil fuels toward clean energy in this critical decade and beyond, aligned with the science, is essential to meet our climate goals".

- Still loopholes -

But Jean Su of the Center for Biological Diversity, while seeing progress, said there were still "cavernous loopholes" for fossil fuels.

The agreement tackles only fossil use in energy, not in industrial areas such as production of plastics and fertiliser.

She also voiced alarm at the recognition of the role of "transitional fuels", which she saw as a codeword for producers of natural gas and other fossil fuels such as the United States on the grounds of energy security.

While not using the term "phase-out" on fossil fuels, it endorses work towards a phase-down of "unabated coal power" -- meaning that coal with carbon capture technology to reduce emissions, panned by many environmentalists as unproven, could continue.

The biggest-ever COP meeting hosted more than 88,000 people, including a record number of lobbyists from the fossil fuel industry.

The 2015 Paris summit endorsed checking warming at 1.5C -- a goal repeated in the latest draft, but which critics say is virtually impossible without serious efforts to curb oil, gas and coal.

K.Yoshida--JT