Zürcher Nachrichten - 'Race against time': Climate talks in last push over fate of fossil fuels

EUR -
AED 4.256248
AFN 76.490971
ALL 92.792124
AMD 422.44687
ANG 2.07427
AOA 1062.75707
ARS 1732.616553
AUD 1.63944
AWG 2.086111
AZN 1.994262
BAM 1.958344
BBD 2.334573
BDT 141.413674
BGN 1.966004
BHD 0.437066
BIF 3463.385781
BMD 1.15895
BND 1.480962
BOB 13.416426
BRL 6.041378
BSD 1.159126
BTN 110.850499
BWP 15.646593
BYN 3.525564
BYR 22715.425801
BZD 2.331218
CAD 1.608574
CDF 2630.817445
CHF 0.939851
CLF 0.027192
CLP 1070.221371
CNY 7.815148
CNH 7.813087
COP 3598.401595
CRC 520.674028
CUC 1.15895
CUP 30.712183
CVE 110.406496
CZK 24.190302
DJF 206.411659
DKK 7.475902
DOP 68.088142
DZD 154.035311
EGP 58.498248
ERN 17.384254
ETB 187.506533
FJD 2.561856
FKP 0.855763
GBP 0.855647
GEL 3.018996
GGP 0.855763
GHS 12.808692
GIP 0.855763
GMD 85.761892
GNF 10182.181139
GTQ 8.841446
GYD 242.506024
HKD 9.090841
HNL 31.078232
HRK 7.534797
HTG 151.620857
HUF 365.893933
IDR 20661.765877
ILS 3.46671
IMP 0.855763
INR 110.922611
IQD 1518.491938
IRR 1593064.10296
ISK 142.214963
JEP 0.855763
JMD 183.15421
JOD 0.821676
JPY 184.55878
KES 150.089338
KGS 101.350078
KHR 4689.211939
KMF 493.712694
KPW 1043.055607
KRW 1619.407026
KWD 0.357872
KYD 0.96595
KZT 535.353031
LAK 26123.155315
LBP 103798.570367
LKR 384.743041
LRD 210.382346
LSL 18.804348
LTL 3.422078
LVL 0.701037
LYD 7.38572
MAD 10.769935
MDL 19.994884
MGA 4992.570729
MKD 61.605015
MMK 2432.921723
MNT 4168.919085
MOP 9.364484
MRU 46.487179
MUR 54.447114
MVR 17.916871
MWK 2009.980023
MXN 19.771605
MYR 4.708772
MZN 74.062734
NAD 18.804267
NGN 1564.860938
NIO 42.647849
NOK 10.899064
NPR 177.360599
NZD 1.974069
OMR 0.445616
PAB 1.159105
PEN 3.903904
PGK 5.208743
PHP 71.65439
PKR 321.689776
PLN 4.326849
PYG 6993.203764
QAR 4.236985
RON 5.242977
RSD 117.314761
RUB 98.39405
RWF 1707.977346
SAR 4.342108
SBD 9.301517
SCR 16.064083
SDG 697.102722
SEK 11.043122
SGD 1.479823
SHP 0.858627
SLE 28.568026
SLL 24302.607335
SOS 662.483328
SRD 44.001839
STD 23987.931215
STN 24.531757
SVC 10.142085
SYP 15068.671639
SZL 18.790731
THB 38.397149
TJS 10.710165
TMT 4.056326
TND 3.394594
TOP 2.790474
TRY 55.554972
TTD 7.860277
TWD 36.971708
TZS 3068.872573
UAH 51.924438
UGX 4323.634381
USD 1.15895
UYU 46.760533
UZS 13700.913572
VES 894.219218
VND 30340.159798
VUV 137.005872
WST 3.14759
XAF 656.832793
XAG 0.018496
XAU 0.000267
XCD 3.132121
XCG 2.08904
XDR 0.819438
XOF 656.821444
XPF 119.331742
YER 274.776137
ZAR 18.842579
ZMK 10431.945789
ZMW 21.646489
ZWL 373.181522
  • CMSC

    -0.1200

    21.24

    -0.56%

  • RBGPF

    0.3500

    69

    +0.51%

  • RYCEF

    -0.2500

    20.81

    -1.2%

  • BCC

    -1.7600

    80.18

    -2.2%

  • JRI

    -0.0400

    12.44

    -0.32%

  • VOD

    -0.0700

    16.13

    -0.43%

  • RELX

    0.9500

    34.51

    +2.75%

  • NGG

    0.8600

    82.15

    +1.05%

  • BCE

    0.0100

    23.36

    +0.04%

  • RIO

    -0.5200

    96.69

    -0.54%

  • CMSD

    -0.0900

    21.09

    -0.43%

  • GSK

    0.8700

    51.15

    +1.7%

  • AZN

    3.2100

    160.1

    +2%

  • BP

    0.5600

    43.41

    +1.29%

  • BTI

    0.6500

    56.38

    +1.15%

'Race against time': Climate talks in last push over fate of fossil fuels
'Race against time': Climate talks in last push over fate of fossil fuels / Photo: Giuseppe CACACE - AFP

'Race against time': Climate talks in last push over fate of fossil fuels

UN leaders on Monday urged an end to obstruction hours before a deadline for a deal at a climate summit in Dubai, as oil producers resisted historic calls for the world to wind down fossil fuels.

Text size:

Flying back to Dubai after a sleepless night for negotiators, UN Secretary-General Antonio Guterres called for "maximum ambition and maximum flexibility" to reach an agreement that can find consensus among the nearly 200 countries.

"We are in a race against time," Guterres told reporters. "It's time to go into overdrive to negotiate in good faith."

Spurred by pleas by low-lying island nations that fear for their very existence, the conference in the glitzy metropolis built by petrodollars is considering the first-ever call to exit oil, gas and coal, the main culprit in the planet's climate crisis.

Neighbouring Saudi Arabia, the world's largest oil exporter, has led opposition, with the OPEC cartel urging its members to vote against a phase-out of fossil fuels.

Without naming countries, Simon Stiell, the head of the UN climate body, called on all sides to remove "unnecessary tactical blockades" holding up a deal.

Guterres called on negotiators to have a "single-minded focus on tackling the root cause of the climate crisis -- fossil fuel production and consumption".

Offering a way to compromise, Guterres said that the call for action "doesn't mean that all countries must phase out fossil fuels at the same time".

But any agreement, he said, must preserve the ambition of checking warming at no more than 1.5 degrees Celsius above pre-industrial levels -- the increasingly elusive goal blessed by the 2015 Paris accord to avoid the worst ravages of climate change including worsening storms and droughts and rising sea levels.

- 'Every minute counts' -

The annual Conference of the Parties, or COP, has rarely finished on schedule in its 28-year history, but COP28 president Sultan Al Jaber has called on countries to wrap up on time on Tuesday and seeks to offer a new draft on Monday.

"Let's be patient. In a COP, every minute counts" at the end, said Manuel Pulgar-Vidal, a former Peruvian minister now with the WWF conservation group.

But he said the phase-out call was critical now as nations, under the Paris accord, need to report plans to cut emissions by 2025 -- and will see whether to factor in an end to fossil fuels.

"If the outcome is weak, we will lose seven years," he said, referring to the next deadline to submit national plans, with scientists saying the current decade is vital to getting the planet on track.

Stiell said that the summit disagreements had narrowed down to two issues -- fossil fuels and speeding up climate finance by the wealthy nations to worst-hit developing countries.

The pressure is now on Jaber -- whose role as the head of the UAE national oil company has caused angst among climate campaigners -- to make the final edits to a deal that would bring a consensus.

Jaber has repeatedly promised to deliver a historic deal and has said that winding down fossil fuels is "inevitable".

Saudi Arabia has called for COP28 to take into account its "perspectives and concerns" and fellow OPEC member Iraq has also publicly rejected an exit from fossil fuels.

- China-US cooperation -

The last draft agreement released on Friday includes four different paths out of fossil fuels, but it also has a fifth option: leaving the issue out of the final deal.

China, the world's biggest emitter, was also initially seen as hostile to a phase-out but has since been working to find a compromise.

China and the United States, the largest historic emitter, last month in pre-COP28 talks in California agreed to speed up the deployment of renewable energy to gradually replace oil, gas and coal.

Friday's draft deal includes similar language on the need to triple renewable energy capacity by 2030, to "displace fossil fuel-based energy".

The United States, whose climate envoy John Kerry was celebrating his 80th birthday on Monday during the Dubai negotiations, has surprised some observers by also throwing its weight behind a phase-out.

But the United States also is the world's largest oil producer, and the rival Republican Party includes staunch opponents of curbing fossil fuels.

O.Pereira--NZN