Zürcher Nachrichten - Progress but divisions persist as climate summit fights over fossil fuels

EUR -
AED 4.235108
AFN 72.638695
ALL 95.986116
AMD 435.092592
ANG 2.063949
AOA 1057.292369
ARS 1577.236365
AUD 1.673475
AWG 2.078266
AZN 1.958134
BAM 1.955386
BBD 2.320668
BDT 141.373711
BGN 1.970817
BHD 0.435957
BIF 3424.38207
BMD 1.152991
BND 1.480725
BOB 7.979516
BRL 6.049975
BSD 1.152186
BTN 108.575339
BWP 15.841123
BYN 3.460157
BYR 22598.615681
BZD 2.317349
CAD 1.59725
CDF 2635.149736
CHF 0.916506
CLF 0.027072
CLP 1068.948607
CNY 7.966185
CNH 7.980055
COP 4255.61911
CRC 534.200663
CUC 1.152991
CUP 30.554251
CVE 110.542933
CZK 24.511426
DJF 204.909943
DKK 7.471979
DOP 68.605777
DZD 153.395731
EGP 60.817599
ERN 17.294859
ETB 181.192506
FJD 2.594811
FKP 0.862247
GBP 0.865314
GEL 3.107286
GGP 0.862247
GHS 12.636424
GIP 0.862247
GMD 84.719455
GNF 10120.377686
GTQ 8.814361
GYD 241.055175
HKD 9.023247
HNL 30.577003
HRK 7.535828
HTG 150.891941
HUF 388.338432
IDR 19510.445669
ILS 3.602059
IMP 0.862247
INR 108.645093
IQD 1510.417681
IRR 1514222.549315
ISK 143.339936
JEP 0.862247
JMD 181.081615
JOD 0.817484
JPY 184.182756
KES 149.773716
KGS 100.828779
KHR 4629.257123
KMF 492.326899
KPW 1037.758177
KRW 1739.332384
KWD 0.35421
KYD 0.960221
KZT 555.084372
LAK 25063.132529
LBP 103250.307387
LKR 362.372615
LRD 211.803486
LSL 19.658594
LTL 3.404482
LVL 0.697433
LYD 7.35573
MAD 10.768576
MDL 20.238324
MGA 4813.735514
MKD 61.653053
MMK 2421.261549
MNT 4132.119635
MOP 9.284814
MRU 46.246593
MUR 53.751971
MVR 17.825775
MWK 2001.591211
MXN 20.574308
MYR 4.605027
MZN 73.687834
NAD 19.658789
NGN 1598.632905
NIO 42.337441
NOK 11.175356
NPR 173.720942
NZD 2.002185
OMR 0.443309
PAB 1.152181
PEN 3.988767
PGK 4.968807
PHP 69.448107
PKR 321.972295
PLN 4.27801
PYG 7540.995323
QAR 4.215912
RON 5.097026
RSD 117.441351
RUB 93.822176
RWF 1683.36627
SAR 4.326033
SBD 9.272321
SCR 15.995702
SDG 692.947394
SEK 10.884917
SGD 1.482394
SHP 0.865042
SLE 28.306224
SLL 24177.648784
SOS 658.93198
SRD 43.308612
STD 23864.577457
STN 24.616349
SVC 10.082038
SYP 128.492581
SZL 19.658268
THB 38.014217
TJS 11.02665
TMT 4.046997
TND 3.370773
TOP 2.776124
TRY 51.145977
TTD 7.820546
TWD 36.875174
TZS 2968.95063
UAH 50.55856
UGX 4286.184377
USD 1.152991
UYU 46.710504
UZS 14054.955391
VES 537.314539
VND 30382.455194
VUV 137.232784
WST 3.170183
XAF 655.832201
XAG 0.01708
XAU 0.000263
XCD 3.116015
XCG 2.076605
XDR 0.813367
XOF 653.172449
XPF 119.331742
YER 275.161365
ZAR 19.752487
ZMK 10378.307533
ZMW 21.632883
ZWL 371.262501
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    -0.0650

    22.845

    -0.28%

  • RIO

    -1.7700

    85.77

    -2.06%

  • NGG

    -1.8800

    82.41

    -2.28%

  • RYCEF

    -0.6000

    15.3

    -3.92%

  • CMSD

    0.1600

    22.84

    +0.7%

  • GSK

    -0.7100

    53.99

    -1.32%

  • BCC

    -0.3300

    74.32

    -0.44%

  • RELX

    -0.4050

    32.065

    -1.26%

  • JRI

    -0.0300

    12.07

    -0.25%

  • AZN

    -3.7400

    183.4

    -2.04%

  • BTI

    -0.1700

    58.28

    -0.29%

  • BCE

    -0.0300

    25.46

    -0.12%

  • VOD

    -0.0900

    14.63

    -0.62%

  • BP

    0.7800

    46.19

    +1.69%

Progress but divisions persist as climate summit fights over fossil fuels
Progress but divisions persist as climate summit fights over fossil fuels / Photo: Giuseppe CACACE - AFP/File

Progress but divisions persist as climate summit fights over fossil fuels

A UN climate summit in Dubai made progress Saturday but deep divides persisted, negotiators said, following a last-minute push by the OPEC oil cartel to block a phase-out of fossil fuels.

Text size:

OPEC drew outrage from green-minded countries and activists when it joined Saudi Arabia and called on members to block an emerging declaration that would seek to wind down extraction of the oil, coal and gas which are fuelling the climate emergency.

But both the president of the COP28 summit, Sultan Al Jaber, and top oil importer China said they saw headway as talks go into a marathon phase before the scheduled close on Tuesday.

"The window is closing to close the gaps. We are making progress, but not fast enough and not satisfying enough," Jaber said.

Jaber has drawn scepticism from environmentalists as he leads the UAE national oil company, but he has taken a more moderate stance than Saudi Arabia by saying cuts in fossil fuels are "inevitable".

"Now is the time to put aside self-interest for the common interest," Jaber told delegates in a Saturday night session, without publicly endorsing any option.

Jaber said he hopes to submit a package for review by Monday morning.

A third draft of a deal, released on Friday, offers various ways to phase out fossil fuels but also includes the option to avoid the issue entirely.

- Summit success tied to issue -

China said it was working to find a solution that was "acceptable to all parties".

"I think we've already had some progress on this issue and I believe we will have more progress in resolving this very soon in the coming few days," China's climate negotiator Xie Zhenhua told reporters.

"Because if we do not, if we do not resolve this issue, I don't see much chance in having a successful COP28," he said.

Canadian climate minister Steven Guilbeault told AFP he was "confident" the final text would contain language on fossil fuels, which emit planet-heating greenhouse gases.

OPEC Secretary-General Haitham Al Ghais in a letter made public Friday urged the cartel's 13 members and 10 allies to "proactively reject" any language that "targets" fossil fuels rather than emissions.

In a speech read in his name to the summit, Al Ghais said there was "no single solution" for sustainable energy.

"We need realistic approaches to tackle emissions, ones that enable economic growth, help eradicate poverty and increase resilience at the same time," the speech said.

Teresa Ribera, the ecology transition minister of current European Union president Spain, said it was "quite a disgusting thing" for OPEC countries to be "pushing against getting the bar where it has to be".

French Energy Minister Agnes Pannier-Runacher said the OPEC statement left her "stunned" and "angry".

"I want this COP to mark the beginning of the end of fossil fuels... It's what science demands and what our kids deserve," said EU climate commissioner Wopke Hoekstra.

- Planetary crisis -

The planet has endured a string of record-breaking temperatures and intensifying storms and heatwaves, with efforts far off track on an ambition set at the 2015 Paris summit to limit warming to 1.5 degrees Celsius above pre-industrial levels.

"1.5 is not negotiable, and that means an end to fossil fuels," said Tina Stege, climate envoy for the Marshall Islands, which like many low-lying ocean nations fears its very survival as melting ice brings up water levels.

A negotiator from a country in favour of a fossil fuel exit said the Arab group of nations was the only one to take a strong position against a phase-out, although cracks were seen with Arab states that do not produce oil.

A person working for the summit president's office played down objections by Saudi Arabia, saying it was normal for nations to push hard at the end.

"I don't feel that we're at that point where one is sticking their head above the parapet and being the troublemaker," the person said on condition of anonymity.

Colombia, whose left-leaning government has aggressively promoted environmentalism, warned that COP28 was also failing on raising financing for countries to adapt to the effects of climate change.

If countries block "goals on adaptation but at the same time oppose the phase out fossil fuel, they need to be held accountable. And that accountability should be seen financially", Colombian Environment Minister Susana Muhamad said.

Next year's climate talks are likely to be held in another major producer of fossil fuels as Azerbaijan announced it had secured a consensus to host COP29.

F.Carpenteri--NZN