Zürcher Nachrichten - Nations rally behind renewables at COP28 climate talks

EUR -
AED 4.351869
AFN 77.023985
ALL 96.63237
AMD 452.823666
ANG 2.121224
AOA 1086.634242
ARS 1714.678669
AUD 1.704125
AWG 2.135942
AZN 2.016552
BAM 1.955039
BBD 2.405763
BDT 145.96316
BGN 1.990034
BHD 0.448925
BIF 3538.721986
BMD 1.184989
BND 1.512711
BOB 8.253786
BRL 6.228891
BSD 1.194435
BTN 109.687287
BWP 15.628914
BYN 3.402075
BYR 23225.775647
BZD 2.402265
CAD 1.612331
CDF 2683.999101
CHF 0.915765
CLF 0.026002
CLP 1026.709185
CNY 8.237744
CNH 8.246608
COP 4348.606608
CRC 591.469676
CUC 1.184989
CUP 31.402197
CVE 110.222078
CZK 24.343237
DJF 212.697174
DKK 7.467211
DOP 75.200716
DZD 154.410871
EGP 55.902865
ERN 17.774828
ETB 185.552144
FJD 2.612485
FKP 0.865555
GBP 0.865271
GEL 3.193574
GGP 0.865555
GHS 13.084905
GIP 0.865555
GMD 86.504497
GNF 10480.918624
GTQ 9.161432
GYD 249.892689
HKD 9.256278
HNL 31.526723
HRK 7.534037
HTG 156.319128
HUF 380.877851
IDR 19876.405501
ILS 3.662095
IMP 0.865555
INR 108.656932
IQD 1564.790655
IRR 49917.642999
ISK 144.93564
JEP 0.865555
JMD 187.177111
JOD 0.840116
JPY 183.471566
KES 154.209949
KGS 103.627087
KHR 4803.129613
KMF 491.769793
KPW 1066.4897
KRW 1719.182195
KWD 0.363696
KYD 0.995412
KZT 600.736067
LAK 25704.990216
LBP 106962.747619
LKR 369.386157
LRD 215.296161
LSL 18.965415
LTL 3.498963
LVL 0.716788
LYD 7.495081
MAD 10.834781
MDL 20.090177
MGA 5337.921359
MKD 61.616006
MMK 2488.865218
MNT 4226.121106
MOP 9.60526
MRU 47.658441
MUR 53.834423
MVR 18.319442
MWK 2071.193456
MXN 20.620577
MYR 4.671242
MZN 75.555046
NAD 18.965415
NGN 1642.962557
NIO 43.952884
NOK 11.418882
NPR 175.499659
NZD 1.97076
OMR 0.457862
PAB 1.194435
PEN 3.993545
PGK 5.113009
PHP 69.813597
PKR 334.176468
PLN 4.213363
PYG 8000.884374
QAR 4.354904
RON 5.095326
RSD 117.354301
RUB 90.534923
RWF 1742.721367
SAR 4.44571
SBD 9.54107
SCR 17.197303
SDG 712.773565
SEK 10.560067
SGD 1.50588
SHP 0.889048
SLE 28.824866
SLL 24848.616602
SOS 682.634175
SRD 45.089405
STD 24526.870573
STN 24.490463
SVC 10.45093
SYP 13105.469656
SZL 18.959617
THB 37.213986
TJS 11.150158
TMT 4.14746
TND 3.431864
TOP 2.853168
TRY 51.538109
TTD 8.109842
TWD 37.443255
TZS 3075.70229
UAH 51.194065
UGX 4270.337087
USD 1.184989
UYU 46.35195
UZS 14602.313711
VES 409.936611
VND 30738.603075
VUV 140.766514
WST 3.212244
XAF 655.701663
XAG 0.013999
XAU 0.000244
XCD 3.202491
XCG 2.152662
XDR 0.815482
XOF 655.701663
XPF 119.331742
YER 282.412399
ZAR 19.100534
ZMK 10666.318069
ZMW 23.440872
ZWL 381.565831
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • RIO

    -4.1000

    91.03

    -4.5%

  • BCE

    0.3700

    25.86

    +1.43%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BTI

    0.4600

    60.68

    +0.76%

  • CMSC

    0.0500

    23.76

    +0.21%

  • GSK

    0.9400

    51.6

    +1.82%

  • NGG

    0.2000

    85.27

    +0.23%

  • BCC

    0.5100

    80.81

    +0.63%

  • JRI

    0.1400

    13.08

    +1.07%

  • BP

    -0.1600

    37.88

    -0.42%

  • AZN

    0.1800

    92.77

    +0.19%

  • VOD

    -0.0600

    14.65

    -0.41%

  • RYCEF

    -0.4300

    16

    -2.69%

  • RELX

    -0.3700

    35.8

    -1.03%

Nations rally behind renewables at COP28 climate talks
Nations rally behind renewables at COP28 climate talks / Photo: Giuseppe CACACE - AFP

Nations rally behind renewables at COP28 climate talks

More than 110 nations pledged to triple the world's renewable energy within seven years at UN climate talks Saturday as the United States pushed to slash methane emissions and boost nuclear capacity.

Text size:

With smoggy skies in Dubai highlighting the challenges facing the world, leaders at the COP28 conference threw their support behind voluntary pledges aimed at ramping up alternatives to fossil fuels.

A massive deployment of solar, wind, hydroelectric and other renewables is crucial to efforts to displace demand for planet-heating coal, oil and gas and achieve net-zero carbon emissions by 2050.

The nearly 200 nations negotiating a COP28 climate deal face tougher talks over the next two weeks on the fate of fossil fuels.

More than half signed up to a commitment to trippling global renewable energy capacity and doubling energy efficiency by 2030, the COP28's Emirati presidency said.

But major oil producers including Russia, Saudi Arabia and Iran, and top consumer China were not on the list.

"I do need more, and I'm kindly requesting all parties to come on board as soon as possible please," COP28 president Sultan Al Jaber told delegates.

"This can and will help transition the world away from unabated coal," said Jaber, who also heads the UAE's national oil company and a renewable energy firm.

Clean power advocates welcomed the commitment but said it must be accompanied by the phase-out of dirtier forms of energy.

"The future will be powered by solar and wind, but it won't happen fast enough unless governments regulate fossil fuels out of the way," said Kaisa Kosonen, the head of Greenpeace's COP28 delegation.

Jaber also announced a pledge by oil and gas companies representing 40 percent of global production, including his UAE firm ADNOC and Saudi giant Aramco, to decarbonise their operations by 2050.

But the pledges do not include emissions when the fuels are used by their customers, and were criticised for repackaging previous, nonbinding commitments.

"This charter is proof that voluntary commitments from the oil and gas industry will never foster the level of ambition necessary to tackle the climate crisis," said Melanie Robinson of the World Resources Institute, a nonprofit research body.

- 'Destructive' methane -

The US Environmental Protection Agency announced earlier that it would tighten curbs on methane emissions from its oil and gas industry.

The new standards would phase in the elimination of routine flaring of natural gas produced by oil wells, and require comprehensive monitoring of methane leaks from wells and compression stations.

The announcement came ahead of an expected methane summit led by the world's biggest greenhouse gas emitters -- the United States and China -- along with the United Arab Emirates at COP28.

China agreed for the first time to include all greenhouse gases in its next national climate pledge for 2035 in an agreement with the United States last month.

Methane is responsible for about one-third of the warming from greenhouse gases occurring today, second only to fossil fuels.

Agriculture is responsible for a quarter of methane emissions, with most of it produced during digestion by livestock.

The energy sector is the second-largest source of human-caused methane emissions.

Methane "is the most destructive gas", US climate envoy John Kerry said.

- Nuclear option -

While COP28 rallied behind renewables, the United States led a call by more than 20 nations for the world to triple nuclear energy capacity by 2050.

In a declaration, countries ranging from Britain to Ghana, Japan and several European nations said nuclear power played a "key role" in the goal of achieving carbon neutrality by mid-century.

The use of nuclear power as a cleaner alternative to fossil fuels is highly controversial, with many environmental groups warning about safety risks and the disposal of nuclear waste.

"We are not making the argument to anybody that this is absolutely going to be a sweeping alternative to every other energy source," Kerry said.

"But we know because (of) the science and the reality of facts... that you can't get to net zero 2050 without some nuclear," he said.

Environmental group 350.org said the 2011 Fukushima nuclear disaster in Japan highlighted the dangers of atomic power.

"We don't have time to waste on dangerous distractions like nuclear energy," said its North America director Jeff Ordower.

US Vice President Kamala Harris announced a $3 billion contribution to a global fund to help developing countries with the energy transition and the effects of climate change -- its first pledge to it since 2014.

"Today, we are demonstrating through action how the world can and must meet this crisis," Harris said.

B.Brunner--NZN