Zürcher Nachrichten - 'Time to deliver': pressure grows for climate deal in Dubai

EUR -
AED 4.356256
AFN 77.102519
ALL 96.729833
AMD 453.280378
ANG 2.123363
AOA 1087.730931
ARS 1716.407515
AUD 1.703027
AWG 2.138096
AZN 2.01145
BAM 1.957011
BBD 2.40819
BDT 146.110377
BGN 1.992042
BHD 0.449378
BIF 3542.291098
BMD 1.186184
BND 1.514237
BOB 8.262111
BRL 6.235172
BSD 1.19564
BTN 109.797916
BWP 15.644677
BYN 3.405506
BYR 23249.200887
BZD 2.404687
CAD 1.615618
CDF 2686.705937
CHF 0.916565
CLF 0.026028
CLP 1027.744898
CNY 8.246052
CNH 8.251497
COP 4352.992561
CRC 592.066225
CUC 1.186184
CUP 31.433869
CVE 110.333247
CZK 24.330941
DJF 212.911697
DKK 7.467917
DOP 75.276563
DZD 154.566608
EGP 55.909475
ERN 17.792756
ETB 185.73929
FJD 2.61512
FKP 0.866428
GBP 0.866359
GEL 3.196822
GGP 0.866428
GHS 13.098102
GIP 0.866428
GMD 86.591171
GNF 10491.489553
GTQ 9.170673
GYD 250.144728
HKD 9.263715
HNL 31.558521
HRK 7.534519
HTG 156.476789
HUF 381.053191
IDR 19896.452606
ILS 3.665789
IMP 0.866428
INR 108.766523
IQD 1566.368884
IRR 49967.989338
ISK 145.081737
JEP 0.866428
JMD 187.365896
JOD 0.841039
JPY 183.859615
KES 154.365483
KGS 103.731752
KHR 4807.973992
KMF 492.265869
KPW 1067.565349
KRW 1720.932795
KWD 0.364064
KYD 0.996416
KZT 601.341962
LAK 25730.915962
LBP 107070.628969
LKR 369.758716
LRD 215.513307
LSL 18.984543
LTL 3.502492
LVL 0.71751
LYD 7.502641
MAD 10.845709
MDL 20.110439
MGA 5343.305123
MKD 61.678151
MMK 2491.375458
MNT 4230.383521
MOP 9.614947
MRU 47.706509
MUR 53.888177
MVR 18.338709
MWK 2073.282437
MXN 20.709403
MYR 4.675926
MZN 75.630943
NAD 18.984543
NGN 1644.620269
NIO 43.997215
NOK 11.444004
NPR 175.676666
NZD 1.96843
OMR 0.458323
PAB 1.19564
PEN 3.997573
PGK 5.118166
PHP 69.884035
PKR 334.513515
PLN 4.213639
PYG 8008.953971
QAR 4.359296
RON 5.100467
RSD 117.472663
RUB 90.549444
RWF 1744.479055
SAR 4.450194
SBD 9.550693
SCR 17.214648
SDG 713.492182
SEK 10.570575
SGD 1.508244
SHP 0.889945
SLE 28.853899
SLL 24873.67862
SOS 683.322672
SRD 45.134883
STD 24551.608082
STN 24.515164
SVC 10.461471
SYP 13118.687676
SZL 18.978739
THB 37.242691
TJS 11.161404
TMT 4.151643
TND 3.435325
TOP 2.856045
TRY 51.596109
TTD 8.118021
TWD 37.48105
TZS 3078.804407
UAH 51.245698
UGX 4274.644098
USD 1.186184
UYU 46.3987
UZS 14617.04143
VES 410.350069
VND 30769.605664
VUV 140.90849
WST 3.215484
XAF 656.362996
XAG 0.014208
XAU 0.000248
XCD 3.205721
XCG 2.154833
XDR 0.816305
XOF 656.362996
XPF 119.331742
YER 282.697194
ZAR 19.196652
ZMK 10677.081704
ZMW 23.464514
ZWL 381.950673
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • JRI

    0.1400

    13.08

    +1.07%

  • BCC

    0.5100

    80.81

    +0.63%

  • BCE

    0.3700

    25.86

    +1.43%

  • RIO

    -4.1000

    91.03

    -4.5%

  • RELX

    -0.3700

    35.8

    -1.03%

  • BTI

    0.4600

    60.68

    +0.76%

  • CMSC

    0.0500

    23.76

    +0.21%

  • BP

    -0.1600

    37.88

    -0.42%

  • NGG

    0.2000

    85.27

    +0.23%

  • VOD

    -0.0600

    14.65

    -0.41%

  • AZN

    0.1800

    92.77

    +0.19%

  • GSK

    0.9400

    51.6

    +1.82%

  • RYCEF

    -0.4300

    16

    -2.69%

'Time to deliver': pressure grows for climate deal in Dubai
'Time to deliver': pressure grows for climate deal in Dubai / Photo: Giuseppe CACACE - AFP

'Time to deliver': pressure grows for climate deal in Dubai

The president of the UN's COP28 climate talks urged negotiators to compromise on Sunday, warning "failure is not an option" as efforts to reach a deal on phasing out fossil fuels met resistance from top oil exporter Saudi Arabia.

Text size:

Less than 48 hours before Tuesday's scheduled deadline, the United Arab Emirates' COP28 chief Sultan Al Jaber said: "I want everyone to show flexibility to act with urgency and to find the common ground.

"The time has come for us to shift gears. The time has come for us to deliver," he told reporters.

- 'We need to find consensus' -

Jaber organised a majlis -- a traditional Gulf Arab meeting held in a circle -- with ministers in a bid to reach a compromise.

"Failure is not an option. What we are after is the common good. What we're after is what in the best interest of everyone, everywhere," he said ahead of the meeting.

"We need to find consensus and common ground on fossil fuel, including coal," Jaber added.

Earlier, Germany's chief negotiator Jennifer Morgan urged Jaber, the UAE's climate envoy and state oil company chief, to push for an ambitious agreement.

"There is a real urgency of action to keep the planetary pain threshold of 1.5 degrees in reach," she said, referring to the goal outlined in the 2015 Paris agreement.

"The COP presidency has reiterated many times that they are here to facilitate an ambitious decision. This means there needs to be strong language on the phase-out of fossil fuels in line with 1.5C."

- 'Blockers at every stage' -

Saudi Arabia, the world's top oil exporter, is said to be the chief opponent of attempts to phase down or phase out fossil fuels, along with India, a major coal producer and consumer.

"I've been following Saudi Arabia in this process for over 30 years and they have been blockers at every stage," said Alden Meyer, senior associate at E3G climate think-tank.

"However, if the (COP28) presidency and other countries can succeed in getting China, India, Russia and others to move and accept some kind of language on fossil fuel phase-out, the pressure on the Saudis will be overwhelming."

A strong final agreement also depends on wealthier nations pledging to provide financial help so that emerging nations can install more solar and wind technology and adapt to the impacts of climate change.

"It is clear that least developed countries will not be able to go at the same speed as G20 economic powerhouses," Morgan said.

"They have to meet development needs but also have the opportunity now to leapfrog unsustainable decisions. This is why we need a package that combines energy transition and energy access."

- 'Deep cuts' -

United Nations Secretary-General Antonio Guterres kept up the pressure, urging delegates to agree big cuts to emissions and calling on oil and gas companies to lead the energy transition.

"I urge fossil fuel companies to use their enormous resources to lead the renewables revolution," he told the Doha Forum in Qatar.

"And I urge global leaders at COP28 in Dubai to agree on deep cuts to emissions in line with 1.5 degrees. That is the only road not only to climate sustainability, but economic sustainability."

- Prayers from the Pope -

At St. Peter's Square in the Vatican, Pope Francis, who missed COP28 following a bout of bronchitis, instructed his followers to pray for a good outcome in Dubai.

"I ask you to pray for us to have good results to safeguard our common home and protect populations," he said during his weekly public prayers.

- 'Not nearly enough' -

Adding further urgency, the International Energy Agency released an assessment showing that non-binding pledges by governments and oil and gas companies so far at COP28 would fall far short of what is required.

The pledges -- tripling renewable energy and doubling energy efficiency by 2030, and sharply reducing methane emissions by energy companies -- would cut energy-related greenhouse gas emissions by only 30 percent of what is needed by 2030, the IEA said.

"While the pledges are positive steps... they would not be nearly enough to move the world onto a path to reaching international climate targets, in particular the goal of limiting global warming to 1.5 degrees Celsius," it said.

O.Hofer--NZN