Zürcher Nachrichten - Climate experts warn of fossil fuel tactics at COP28

EUR -
AED 4.331023
AFN 77.824044
ALL 96.204991
AMD 446.932449
ANG 2.110769
AOA 1081.2786
ARS 1712.071881
AUD 1.697104
AWG 2.122466
AZN 2.007924
BAM 1.945772
BBD 2.377447
BDT 144.365962
BGN 1.980226
BHD 0.444554
BIF 3495.583857
BMD 1.179148
BND 1.499385
BOB 8.186157
BRL 6.208092
BSD 1.180416
BTN 107.944132
BWP 15.536586
BYN 3.37998
BYR 23111.298228
BZD 2.373975
CAD 1.614548
CDF 2541.063785
CHF 0.92033
CLF 0.025849
CLP 1020.682673
CNY 8.190951
CNH 8.184436
COP 4260.603203
CRC 585.686437
CUC 1.179148
CUP 31.247419
CVE 109.699626
CZK 24.301878
DJF 209.557895
DKK 7.468724
DOP 74.227828
DZD 153.236192
EGP 55.532091
ERN 17.687218
ETB 184.008454
FJD 2.627969
FKP 0.860488
GBP 0.863461
GEL 3.177812
GGP 0.860488
GHS 12.943292
GIP 0.860488
GMD 86.077934
GNF 10357.749649
GTQ 9.05732
GYD 246.967642
HKD 9.209086
HNL 31.15941
HRK 7.528271
HTG 154.704646
HUF 380.935486
IDR 19781.384647
ILS 3.656349
IMP 0.860488
INR 107.264075
IQD 1546.330471
IRR 49671.604158
ISK 145.212068
JEP 0.860488
JMD 185.337161
JOD 0.835984
JPY 183.495423
KES 152.263492
KGS 103.115876
KHR 4752.706874
KMF 489.346754
KPW 1061.233082
KRW 1712.346624
KWD 0.362222
KYD 0.983672
KZT 596.092892
LAK 25385.276168
LBP 105707.384156
LKR 365.540714
LRD 218.970746
LSL 18.8985
LTL 3.481717
LVL 0.713255
LYD 7.457659
MAD 10.764223
MDL 19.984849
MGA 5263.893095
MKD 61.629401
MMK 2476.194563
MNT 4203.220257
MOP 9.495959
MRU 46.872427
MUR 53.827748
MVR 18.229311
MWK 2046.76002
MXN 20.530367
MYR 4.648174
MZN 75.182584
NAD 18.8985
NGN 1644.156287
NIO 43.436137
NOK 11.451318
NPR 172.711339
NZD 1.965421
OMR 0.453398
PAB 1.180421
PEN 3.97571
PGK 5.057932
PHP 69.416105
PKR 330.421765
PLN 4.221797
PYG 7848.549884
QAR 4.315061
RON 5.095451
RSD 117.405364
RUB 90.14055
RWF 1725.705999
SAR 4.422011
SBD 9.494043
SCR 17.685253
SDG 709.260254
SEK 10.58085
SGD 1.500743
SHP 0.884666
SLE 28.682728
SLL 24726.14037
SOS 674.628797
SRD 44.837082
STD 24405.980193
STN 24.374379
SVC 10.328898
SYP 13040.874167
SZL 18.889646
THB 37.237836
TJS 11.024827
TMT 4.127018
TND 3.405548
TOP 2.839105
TRY 51.257794
TTD 7.991879
TWD 37.251051
TZS 3052.21225
UAH 50.836046
UGX 4216.270048
USD 1.179148
UYU 45.793985
UZS 14430.626958
VES 436.038953
VND 30681.427545
VUV 140.503382
WST 3.196411
XAF 652.621173
XAG 0.014976
XAU 0.000253
XCD 3.186706
XCG 2.127336
XDR 0.810328
XOF 652.593641
XPF 119.331742
YER 281.020373
ZAR 19.00208
ZMK 10613.749147
ZMW 23.165591
ZWL 379.685133
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0300

    24.08

    +0.12%

  • CMSC

    -0.0100

    23.75

    -0.04%

  • BCC

    0.9400

    81.75

    +1.15%

  • NGG

    -0.6600

    84.61

    -0.78%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • RELX

    -0.2700

    35.53

    -0.76%

  • RIO

    1.4900

    92.52

    +1.61%

  • GSK

    0.8700

    52.47

    +1.66%

  • RYCEF

    0.7000

    16.7

    +4.19%

  • AZN

    1.3100

    188.41

    +0.7%

  • BCE

    -0.0300

    25.83

    -0.12%

  • JRI

    0.0700

    13.15

    +0.53%

  • VOD

    0.2600

    14.91

    +1.74%

  • BTI

    0.3100

    60.99

    +0.51%

  • BP

    -0.1800

    37.7

    -0.48%

Climate experts warn of fossil fuel tactics at COP28
Climate experts warn of fossil fuel tactics at COP28 / Photo: Ryan LIM - AFP/File

Climate experts warn of fossil fuel tactics at COP28

Oil-rich Gulf states have positioned themselves as both champions of climate innovation and guardians of fossil fuel interests -- a balancing act experts warn could derail action at COP28 in Dubai.

Text size:

This year's United Nations climate summit is being chaired and hosted by the United Arab Emirates, a country dubbed "an oil company with a state attached" by one observer who requested anonymity so they could speak freely about the negotiations.

According to COP28 director general Majid Al Suwadi, "the UAE has been a leader when it comes to climate change".

"We have been doing our part," he said in September.

But one of the "inherent flaws of the COP system" is that national interests -- particularly the host's -- inevitably influence the outcome, said Ahmed El Droubi, international campaigns manager at Climate Action Network.

Indeed, the UAE has appointed Sultan Al Jaber, the head of state-owned oil company ADNOC, as COP president, drawing protests from environmentalists.

At COP27 in Egypt, where oil and gas lobbyists outnumbered most delegations, the final text included a last-minute provision to boost "low-emission energy".

That term includes natural gas, into which Egypt has invested billions of dollars in recent years.

In Dubai, activists expect the fight will be even harder, with the hydrocarbons industry intent on "not just delaying, denying, diverting meaningful climate action, but also greenwashing their polluting work", Farhana Sultana, professor of geography and the environment at Syracuse University, told AFP.

With time running out, the stakes are higher than ever at COP28.

To keep global warming at an average of 1.5C above pre-industrial temperatures, greenhouse gas emissions must drop 43 percent by 2030 from 2019 levels, according to the Intergovernmental Panel on Climate Change, the UN's climate body.

"At the moment, we're not cutting anything, and the situation gets more urgent every year," Karim Elgendy, associate fellow at Chatham House, told AFP.

- Delay the 'inevitable' -

Jaber, who is also the UAE's climate envoy and co-founder of state-owned renewable energy company Masdar, is not the only oil industry veteran on the front lines of the climate fight.

The European Union's COP28 delegation is led by Dutch former foreign minister and ex-Shell employee Wopke Hoekstra, an appointment that has also been controversial.

According to Droubi, despite Jaber's clear "conflict of interest" as ADNOC chief, he "has actually said the most progressive thing of any COP president: that phasing down fossil fuels is inevitable".

But "inevitable", Elgendy says, "is a very calculated word".

In the name of energy market stability, fossil fuel giants including the UAE, Saudi Arabia and the United States have argued for continued new investments in hydrocarbons before an eventual transition.

In October, Jaber said "we cannot unplug the energy system of today before we build the new system of tomorrow", and encouraged activists to separate "reality from fantasies".

But "no one is saying turn it off immediately", Elgendy said.

"What they're saying is don't dig any more wells, don't expand capacity."

To stick to the 1.5C threshold, the International Energy Agency has called for an end to new investments in coal, oil and natural gas.

Saudi Arabia, the world's biggest oil exporter, has slammed the IEA as a "political" body, and the industry is proceeding with vast expansion globally.

According to Elgendy, more attention should be given to the solutions that matter, including cutting oil and gas subsidies -- which according to the International Monetary Fund were $7 trillion in 2022, or seven percent of global GDP.

- De-link and keep drilling -

The UAE has long been diversifying its economy, and says 70 percent of its GDP comes from non-oil sectors. It has pledged tens of billions of dollars in renewable energy investments.

"But for them, that means expanding into renewables, not actually limiting fossil fuels," according to Droubi.

At COP28, many countries, and the EU, will argue for an unprecedented commitment to move away from "unabated" fossil fuels.

Droubi said what the UAE is pushing, and what activists "are pushing back on, is de-linking the phase-in of renewables from the phase-out of fossil fuels".

On one hand, Gulf states say there will always be the need for some oil. And because theirs is the world's "cheapest and cleanest", they should be "the last producers standing", Elgendy said.

On the other hand, they have adopted what he calls an "unorthodox" climate approach where the key is not to cut carbon -- as scientists insist is necessary -- but to "manage carbon; we'll reuse it and recycle it and ultimately we'll sequester it underground".

- Running out of time -

Instead of cutting fossil fuels outright, oil giants have touted several once-marginal technologies as promising solutions to cut emissions.

They include carbon capture and storage (CCS), direct air capture and carbon credit trading -- all carbon management mechanisms that amount to "false climate solutions", according to Sultana.

CCS prevents CO2 from entering the atmosphere by siphoning exhaust from power plants, while direct air capture pulls CO2 from thin air.

Both technologies have been demonstrated to work, but remain far from maturity and commercial scalability.

Carbon credit trading schemes -- which underpin much of the world's "net zero" ambitions -- have long been dogged by charges of deception, poor transparency, dodgy accounting practices and in-built conflicts of interest.

According to Elgendy, these solutions "need several years to be viable, and we simply don't have that time".

In September, UN chief Antonio Guterres warned: "We must make up time lost to foot-dragging, arm-twisting and the naked greed of entrenched interests raking in billions from fossil fuels."

A.Ferraro--NZN