Zürcher Nachrichten - UN climate talks chief pushes for rapid draft deal

EUR -
AED 4.245913
AFN 76.887634
ALL 93.218842
AMD 422.094755
AOA 1060.176801
ARS 1724.882567
AUD 1.638747
AWG 2.082489
AZN 1.97002
BAM 1.955776
BBD 2.321671
BDT 142.688227
BHD 0.434695
BIF 3451.157116
BMD 1.156136
BND 1.477082
BOB 13.69983
BRL 5.876989
BSD 1.152686
BTN 109.688637
BWP 15.558807
BYN 3.432357
BYR 22660.258427
BZD 2.318271
CAD 1.612983
CDF 2615.761404
CHF 0.93588
CLF 0.026829
CLP 1055.916879
CNY 7.801146
CNH 7.796152
COP 3633.55485
CRC 523.993489
CUC 1.156136
CUP 30.637594
CVE 110.26363
CZK 24.258158
DJF 205.267449
DKK 7.477932
DOP 67.289164
DZD 152.967099
EGP 57.293288
ERN 17.342035
ETB 186.049588
FJD 2.553384
FKP 0.857252
GBP 0.858527
GEL 3.017966
GGP 0.857252
GHS 13.526832
GIP 0.857252
GMD 84.980421
GNF 10123.874202
GTQ 8.794891
GYD 241.157003
HKD 9.066767
HNL 30.895616
HRK 7.536622
HTG 150.718127
HUF 363.096405
IDR 20580.370421
ILS 3.468234
IMP 0.857252
INR 110.076256
IQD 1509.981237
IRR 1590322.371805
ISK 142.598215
JEP 0.857252
JMD 183.057725
JOD 0.819746
JPY 182.445186
KES 149.158147
KGS 101.104505
KHR 4681.941823
KMF 492.514185
KRW 1627.677557
KWD 0.356853
KYD 0.960588
KZT 540.233287
LAK 26025.676609
LBP 103223.017367
LKR 386.635196
LRD 208.057415
LSL 18.726567
LTL 3.413768
LVL 0.699335
LYD 7.331909
MAD 10.743067
MDL 20.044751
MGA 4918.938878
MKD 61.529235
MMK 2427.363841
MNT 4157.293457
MOP 9.314584
MRU 46.338424
MUR 54.419742
MVR 17.862733
MWK 1998.775164
MXN 20.094074
MYR 4.728715
MZN 73.882892
NAD 18.726567
NGN 1577.963717
NIO 42.419473
NOK 10.99759
NPR 175.501819
NZD 1.966719
OMR 0.442445
PAB 1.152686
PEN 3.903651
PGK 5.093937
PHP 70.183258
PKR 320.014324
PLN 4.299905
PYG 6853.914834
QAR 4.213648
RON 5.244583
RSD 117.338542
RUB 94.338828
RWF 1694.978938
SAR 4.329446
SBD 9.325039
SCR 16.705092
SDG 694.263698
SEK 10.961095
SGD 1.467719
SLE 28.445176
SOS 658.791814
SRD 43.778814
STD 23929.673396
STN 24.499696
SVC 10.085875
SZL 18.722767
THB 38.210709
TJS 10.633568
TMT 4.058036
TND 3.386358
TRY 55.144784
TTD 7.812903
TWD 37.286072
TZS 3051.762079
UAH 51.625959
UGX 4293.946644
USD 1.156136
UYU 46.399423
UZS 13785.828699
VES 873.763846
VND 30295.956222
VUV 137.068136
WST 3.160546
XAF 655.948849
XAG 0.018188
XAU 0.000266
XCD 3.124515
XCG 2.077474
XDR 0.81579
XOF 655.948849
XPF 119.331742
YER 275.626884
ZAR 18.667336
ZMK 10406.612213
ZMW 21.75673
ZWL 372.275202
  • CMSD

    -0.1600

    21.82

    -0.73%

  • CMSC

    0.0240

    21.744

    +0.11%

  • RIO

    1.4500

    101.1

    +1.43%

  • BCE

    -0.0200

    22.75

    -0.09%

  • RBGPF

    0.7600

    70.5

    +1.08%

  • GSK

    0.7900

    52.96

    +1.49%

  • RYCEF

    0.2300

    20.85

    +1.1%

  • BCC

    2.3400

    86.6

    +2.7%

  • AZN

    1.4100

    161.42

    +0.87%

  • VOD

    0.1900

    16.19

    +1.17%

  • NGG

    0.4700

    80.88

    +0.58%

  • BP

    -0.6000

    41.63

    -1.44%

  • RELX

    0.0485

    35.52

    +0.14%

  • JRI

    0.1500

    12.81

    +1.17%

  • BTI

    0.6000

    59.33

    +1.01%

UN climate talks chief pushes for rapid draft deal
UN climate talks chief pushes for rapid draft deal / Photo: Giuseppe CACACE - AFP

UN climate talks chief pushes for rapid draft deal

The head of the UN climate summit pressed nations Friday to strike a deal as talks resumed after a break, with only four days left for negotiators to iron out differences over the fate of fossil fuels.

Text size:

While UN climate talks rarely finish on time, COP28 president Sultan Al Jaber has set the ambitious goal of wrapping up the conference in Dubai on schedule at 11 am (0700 GMT) on Tuesday.

With ministers now in town to carry a deal across the line, Jaber said he wanted negotiators to produce a new draft deal on Friday.

Despite disagreements over the future of fossil fuels, Jaber voiced optimism that the talks hosted by the oil-rich United Arab Emirates can finish with a historic agreement.

"We have the potential to deliver a paradigm shift," he said Friday after delegations from nearly 200 nations took a breather the day before.

- 'Get the job done' -

"Let us please get this job done. I need you to step up and I need you to come out of your comfort zones," he said.

Climate campaigners have viewed Jaber with deep suspicion due to his position as the head of UAE national oil firm ADNOC, but he has sought to assure sceptics by stating that a phase down of fossil fuels was "inevitable".

COP28 kicked off last week with the landmark launch of a loss and damage fund for nations devastated by climate change.

"We have surprised the doubters and inspired the optimists," Jaber said.

- The options -

A handful of countries, including oil-rich Saudi Arabia and major crude consumer China, have resisted the inclusion of language on a phase-out of fossil fuels in the final text so far.

A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break.

Tuesday's document contains three options on fossil fuels.

The first calls for an "orderly and just" exit from hydrocarbons, and the second that countries must accelerate efforts towards the phase-out of "unabated" fossil fuels -- those whose emissions cannot be captured -- and "rapidly" reduce their use to achieve net-zero CO2 in energy systems by around 2050.

US climate envoy John Kerry repeated on Wednesday that carbon capture technology was key to efforts to phase out fossil fuels -- a hint that Washington might be leaning towards the second option.

The third and most controversial option effectively proposes not addressing the issue at all.

A negotiator from the pro-phase-out camp said a "coalition is there" for a fossil fuel exit, but that the two opposing camps had yet to go head-to-head in talks.

Scientists warn that greenhouse gas emissions -- the bulk of which come from burning fossil fuels -- must fall by 43 percent by 2030 from 2019 levels for the world to reach the goal of limiting warming to 1.5 degrees Celsius.

- Saudi position -

Saudi Arabia has been the most vocal nation against a phase-out or even a phase-down of fossil fuels.

"As one of the largest producers of hydrocarbons, they refuse to have a solution imposed upon them," Umar Karim, an expert on Saudi politics at the University of Birmingham, told AFP.

Kristian Ulrichsen, a Middle East fellow at Rice University, said Saudi Arabia would seek a coalition with like-minded countries on fossil fuels, including China and Russia.

"The Saudis will not want to be cast as the sole holdout in favour of fossil fuel," Ulrichsen said.

Another thorny issue -- over who will host next year's COP29 -- appears to be headed towards an agreement after Armenia said it was dropping its rival bid in a goodwill gesture to try to normalise relations with its neighbour, petro-state Azerbaijan.

Next year is the turn of Eastern Europe and Russia. Under Western pressure over its invasion of Ukraine, Moscow has blocked the Bulgarian bid, saying no European Union member should take charge.

O.Meier--NZN