Zürcher Nachrichten - World can't 'unplug' existing energy system: COP28 head

EUR -
AED 4.353382
AFN 77.05154
ALL 96.6659
AMD 452.980789
ANG 2.12196
AOA 1087.011649
ARS 1715.27374
AUD 1.700138
AWG 2.136683
AZN 2.016962
BAM 1.955717
BBD 2.406598
BDT 146.013807
BGN 1.990725
BHD 0.449081
BIF 3539.949869
BMD 1.1854
BND 1.513236
BOB 8.25665
BRL 6.231058
BSD 1.194849
BTN 109.725346
BWP 15.634337
BYN 3.403256
BYR 23233.834642
BZD 2.403098
CAD 1.611918
CDF 2684.930667
CHF 0.911329
CLF 0.026011
CLP 1027.065402
CNY 8.240602
CNH 8.248669
COP 4350.11551
CRC 591.674907
CUC 1.1854
CUP 31.413093
CVE 110.260324
CZK 24.336607
DJF 212.770976
DKK 7.470147
DOP 75.22681
DZD 154.464449
EGP 55.903629
ERN 17.780996
ETB 185.616528
FJD 2.613392
FKP 0.865856
GBP 0.861451
GEL 3.194656
GGP 0.865856
GHS 13.089445
GIP 0.865856
GMD 86.534664
GNF 10484.555345
GTQ 9.164611
GYD 249.979398
HKD 9.259098
HNL 31.537662
HRK 7.536653
HTG 156.373368
HUF 380.868342
IDR 19883.302315
ILS 3.66336
IMP 0.865856
INR 108.694634
IQD 1565.333613
IRR 49934.963672
ISK 144.986215
JEP 0.865856
JMD 187.242059
JOD 0.840447
JPY 183.458423
KES 154.263458
KGS 103.663312
KHR 4804.796226
KMF 491.940791
KPW 1066.859756
KRW 1719.772596
KWD 0.363823
KYD 0.995758
KZT 600.944514
LAK 25713.909461
LBP 106999.862086
LKR 369.514329
LRD 215.370866
LSL 18.971995
LTL 3.500177
LVL 0.717036
LYD 7.497682
MAD 10.83854
MDL 20.097148
MGA 5339.773538
MKD 61.637386
MMK 2489.728817
MNT 4227.587506
MOP 9.608592
MRU 47.674978
MUR 53.852825
MVR 18.326127
MWK 2071.912129
MXN 20.704153
MYR 4.672852
MZN 75.580739
NAD 18.971995
NGN 1643.533583
NIO 43.968135
NOK 11.414558
NPR 175.560554
NZD 1.959292
OMR 0.458021
PAB 1.194849
PEN 3.994931
PGK 5.114783
PHP 69.837845
PKR 334.292423
PLN 4.212869
PYG 8003.660561
QAR 4.356415
RON 5.097103
RSD 117.395021
RUB 90.53616
RWF 1743.326065
SAR 4.447253
SBD 9.54438
SCR 17.20327
SDG 713.019239
SEK 10.549127
SGD 1.506168
SHP 0.889357
SLE 28.834855
SLL 24857.238699
SOS 682.871039
SRD 45.10505
STD 24535.381029
STN 24.498961
SVC 10.454557
SYP 13110.017057
SZL 18.966196
THB 37.222281
TJS 11.154027
TMT 4.148899
TND 3.433054
TOP 2.854158
TRY 51.401896
TTD 8.112656
TWD 37.456216
TZS 3076.769513
UAH 51.211828
UGX 4271.81883
USD 1.1854
UYU 46.368034
UZS 14607.380494
VES 410.078852
VND 30749.268909
VUV 140.815358
WST 3.213359
XAF 655.929182
XAG 0.014004
XAU 0.000244
XCD 3.203602
XCG 2.153409
XDR 0.815765
XOF 655.929182
XPF 119.331742
YER 282.51038
ZAR 19.104199
ZMK 10670.019447
ZMW 23.449006
ZWL 381.698228
  • RBGPF

    1.3800

    83.78

    +1.65%

  • SCS

    0.0200

    16.14

    +0.12%

  • VOD

    -0.0600

    14.65

    -0.41%

  • RELX

    -0.3700

    35.8

    -1.03%

  • AZN

    0.1800

    92.77

    +0.19%

  • RYCEF

    -0.4300

    16

    -2.69%

  • RIO

    -4.1000

    91.03

    -4.5%

  • BTI

    0.4600

    60.68

    +0.76%

  • CMSC

    0.0500

    23.76

    +0.21%

  • NGG

    0.2000

    85.27

    +0.23%

  • GSK

    0.9400

    51.6

    +1.82%

  • BCE

    0.3700

    25.86

    +1.43%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • BCC

    0.5100

    80.81

    +0.63%

  • JRI

    0.1400

    13.08

    +1.07%

  • BP

    -0.1600

    37.88

    -0.42%

World can't 'unplug' existing energy system: COP28 head
World can't 'unplug' existing energy system: COP28 head / Photo: Fayez Nureldine - AFP

World can't 'unplug' existing energy system: COP28 head

The president of the upcoming COP28 climate talks in Dubai called on Sunday for governments to abandon "fantasies" such as hastily ditching existing energy infrastructure in pursuit of climate goals.

Text size:

"We cannot unplug the energy system of today before we build the new system of tomorrow. It is simply not practical or possible," Sultan Al Jaber said during the opening session of Middle East and North Africa (MENA) Climate Week, a UN-organised conference hosted in the Saudi capital Riyadh.

"We must separate facts from fiction, reality from fantasies, impact from ideology, and we must ensure that we avoid the traps of division and distraction."

Much of international climate diplomacy revolves around the thorny issue of how and when to quit fossil fuels.

At COP26 in Glasgow in 2021, countries agreed to phase down "unabated coal", the first time a fossil fuel was explicitly mentioned in a final text.

But efforts since then to extend such a target to all fossil fuels have foundered, most recently at last month's G20 summit in India.

Climate activists have criticised the appointment of Jaber to lead the COP28 talks which kick off in Dubai in November, given that he is also head of the Emirati state-owned oil firm ADNOC.

But Jaber has garnered the support of COP parties including US climate envoy John Kerry, partly by emphasising his belief that "the phase-down of fossil fuels is inevitable".

Energy officials in the United Arab Emirates and other oil-producing countries -- notably Saudi Arabia, the world's biggest oil exporter -- have argued for continued investments in fossil fuels to ensure energy security even as they eye an eventual transition away from them.

- Finding funds -

The vast and fractured landscape of climate finance is the other major stumbling block in climate negotiations.

Developing countries least responsible for climate change are seeking money from richer polluters to adapt to its increasingly destructive and expensive consequences.

In 2009, rich countries pledged to supply $100 billion of climate finance every year to developing nations but failed to meet the 2020 deadline. There are hopes the goal will be met this year.

"Old promises must be kept, including the $100 billion pledge made over a decade ago," Jaber said on Sunday.

Last year's COP27 talks in Sharm el-Sheikh, Egypt, ended with the first ever creation of a "loss and damage" fund into which countries would pay to support poorer nations suffering the most from more intense and frequent storms, floods and droughts.

The fund's operation, governance, location, contributors, beneficiaries and a timeline for payouts are all up in the air ahead of COP28.

"We must make the fund for loss and damage that was promised in Sharm el-Sheikh a reality in Dubai," Jaber said.

- Climate 'crossroads' -

The talks in Riyadh are intended to "shine a spotlight on challenges and solutions in a region that is among the most vulnerable to the effects of climate change," organisers said in a press release on Sunday.

The region must already grapple with high temperatures and water scarcity, with more than 60 percent of the population having "very little if any access to potable water", the statement said.

"Increasing temperatures are predicted to lead to more persistent and acute drought," it added.

Jaber also highlighted challenges facing the region, referring to extreme events like hurricane-strength Storm Daniel, which last month caused two dams in eastern Libya to burst and flood the city of Derna.

"Climate change isn't a threat waiting around the corner -- the MENA region knows this from first-hand experience with fierce heatwaves and water shortages," said Inger Andersen, executive director of the UN Environment Programme.

Simon Stiell, executive secretary of UN Climate Change, said the region was "at a crossroads, facing not only the devastating impacts of climate change but also the challenge of transitioning their economies to ensure prosperity in a 1.5C aligned world."

The goal of limiting warming to 1.5 degrees Celsius above pre-industrial levels was set at the 2015 climate talks in Paris.

A.Ferraro--NZN