The Fort Worth Press - A month before global climate talks, agreement remains elusive

USD -
AED 3.673042
AFN 68.858766
ALL 88.802398
AMD 387.151613
ANG 1.799401
AOA 927.769041
ARS 962.503978
AUD 1.46886
AWG 1.8
AZN 1.70397
BAM 1.749922
BBD 2.015926
BDT 119.312844
BGN 1.750011
BHD 0.376415
BIF 2894.376594
BMD 1
BND 1.290118
BOB 6.899298
BRL 5.418691
BSD 0.998434
BTN 83.448933
BWP 13.198228
BYN 3.267481
BYR 19600
BZD 2.012526
CAD 1.35815
CDF 2871.000362
CHF 0.849991
CLF 0.033728
CLP 930.650396
CNY 7.051904
CNH 7.043005
COP 4153.983805
CRC 518.051268
CUC 1
CUP 26.5
CVE 98.657898
CZK 22.451404
DJF 177.79269
DKK 6.68204
DOP 59.929316
DZD 132.138863
EGP 48.452557
ERN 15
ETB 115.859974
EUR 0.894904
FJD 2.200804
FKP 0.761559
GBP 0.75061
GEL 2.730391
GGP 0.761559
GHS 15.696327
GIP 0.761559
GMD 68.503851
GNF 8626.135194
GTQ 7.71798
GYD 208.866819
HKD 7.790095
HNL 24.767145
HRK 6.799011
HTG 131.740706
HUF 352.160388
IDR 15160.8
ILS 3.777515
IMP 0.761559
INR 83.48045
IQD 1307.922874
IRR 42092.503816
ISK 136.260386
JEP 0.761559
JMD 156.86485
JOD 0.708504
JPY 143.90404
KES 128.797029
KGS 84.238504
KHR 4054.936698
KMF 441.350384
KPW 899.999433
KRW 1332.490383
KWD 0.30507
KYD 0.832014
KZT 478.691898
LAK 22047.152507
LBP 89409.743659
LKR 304.621304
LRD 199.686843
LSL 17.527759
LTL 2.95274
LVL 0.60489
LYD 4.741198
MAD 9.681206
MDL 17.42227
MGA 4515.724959
MKD 55.124592
MMK 3247.960992
MNT 3397.999955
MOP 8.014495
MRU 39.677896
MUR 45.880378
MVR 15.360378
MWK 1731.132286
MXN 19.416804
MYR 4.205039
MZN 63.850377
NAD 17.527759
NGN 1639.450377
NIO 36.746745
NOK 10.482404
NPR 133.518543
NZD 1.603206
OMR 0.384512
PAB 0.998434
PEN 3.742316
PGK 3.9082
PHP 55.653038
PKR 277.414933
PLN 3.82535
PYG 7789.558449
QAR 3.640048
RON 4.449904
RSD 104.761777
RUB 92.515546
RWF 1345.94909
SAR 3.752452
SBD 8.306937
SCR 13.062038
SDG 601.503676
SEK 10.170404
SGD 1.291304
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 570.572183
SRD 30.205038
STD 20697.981008
SVC 8.736188
SYP 2512.529936
SZL 17.534112
THB 32.927038
TJS 10.61334
TMT 3.5
TND 3.025276
TOP 2.342104
TRY 34.124875
TTD 6.791035
TWD 31.981038
TZS 2725.719143
UAH 41.267749
UGX 3698.832371
UYU 41.256207
UZS 12705.229723
VEF 3622552.534434
VES 36.777762
VND 24605
VUV 118.722009
WST 2.797463
XAF 586.90735
XAG 0.03211
XAU 0.000381
XCD 2.70255
XDR 0.739945
XOF 586.90735
XPF 106.706035
YER 250.325037
ZAR 17.38465
ZMK 9001.203587
ZMW 26.433141
ZWL 321.999592
  • RBGPF

    58.8300

    58.83

    +100%

  • CMSD

    0.0100

    25.02

    +0.04%

  • NGG

    0.7200

    69.55

    +1.04%

  • SCS

    -0.3900

    12.92

    -3.02%

  • BCC

    -7.1900

    137.5

    -5.23%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • GSK

    -0.8200

    40.8

    -2.01%

  • RELX

    -0.1400

    47.99

    -0.29%

  • RIO

    -1.6100

    63.57

    -2.53%

  • CMSC

    0.0300

    25.15

    +0.12%

  • BTI

    -0.1300

    37.44

    -0.35%

  • JRI

    -0.0800

    13.32

    -0.6%

  • BCE

    -0.1500

    35.04

    -0.43%

  • VOD

    -0.0500

    10.01

    -0.5%

  • AZN

    -0.5200

    78.38

    -0.66%

  • BP

    -0.1200

    32.64

    -0.37%

A month before global climate talks, agreement remains elusive
A month before global climate talks, agreement remains elusive / Photo: © GETTY IMAGES NORTH AMERICA/AFP/File

A month before global climate talks, agreement remains elusive

Nothing has yet been agreed between the nearly 200 countries that will meet at the COP28 climate talks in Dubai, with two days of preparatory talks in Abu Dhabi failing to produce any major breakthrough, participants said Tuesday.

Text size:

Around 70 ministers took part in talks on Monday and Tuesday at the Emirates Palace, a luxurious resort in the United Arab Emirates capital Abu Dhabi, to hammer out details before next month's UN climate summit, the most important since the landmark Paris agreement in 2015.

"The main focus for the moment is clearly the loss and damage fund" for poorer nations hit by climate change, French Energy Minister Agnes Pannier-Runacher told AFP before the talks closed on Tuesday without a deal.

The previous round of negotiations in mid-October also ended in failure, with more talks scheduled from November 3-5 in Abu Dhabi.

Egypt's delegate to this week's talks, Mohamed Nasr told AFP "almost 80 percent of the text" is agreed, while an African negotiator who spoke on the condition of anonymity said that the "real battles" will be fought at COP28.

The agreement to set up a dedicated fund to help vulnerable countries cope with climate "loss and damage" was a flagship achievement of last year's COP27 talks in Egypt.

But countries left the details to be worked out later.

"I felt there was a lot of goodwill, constructive engagement, big debates and trying to find solutions," German climate negotiator Jennifer Morgan,told AFP, while admitting there's still "a lot to do in the next 28 days".

A series of talks this year have tried to tease out consensus on fundamentals like the structure, beneficiaries and contributors -- a key issue for richer nations who want China to pay into any fund.

"We were one or two days away from an agreement," said a European negotiator on condition of anonymity.

But several disagreements, including on beneficiaries, delayed a breakthrough.

"The United States does not want to put in a penny if China is a potential beneficiary," the negotiator said.

- 'Not fit' for funding -

Developing nations are demanding negotiators nail down the fund's operation, governance, location, contributors and beneficiaries, and a timeline for payouts, at the November 30-December 12 COP28 summit.

But many are sceptical of the willingness of rich countries to establish the fund, even temporarily, through the World Bank, which is "not fit for purpose for broader development issues," said Michai Robertson of the Alliance of Small Island States (AOSIS).

Meanwhile, Saudi Arabia does "not want any wording that would expand the list of donors beyond the developed countries", said the European negotiator.

Even if these hurdles are settled by COP28, it remains to be seen how much money rich countries are willing to supply.

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

The loss and damage fund is based on voluntary contributions and is not an "obligation", Pannier-Runacher told AFP after chairing a Tuesday session on the fund.

The French minister said an agreement must be quickly reached to avoid turning the fund into a "pretext" to delay discussions on phasing out of fossil fuels.

- 'Strong views' -

COP28 will draw up the first official assessment of humanity’s efforts to respect the 2015 agreement and its ambition to limit global warming "if possible to 1.5 degrees C" since the pre-industrial era.

For the first time, the world is flirting with the limit this year. The global climate, over several years, is considered to have already warmed by about 1.2C, accompanied by a procession of natural disasters.

In about 30 years of COP meetings, the only progress on hydrocarbons was a coal-reduction target at COP26, and there have been no decisions on oil and gas.

"I know there are strong views about the idea of including language on fossil fuels and renewables in the negotiated text," said COP28 president Sultan al-Jaber on Monday, calling on countries to find "common ground".

In closing remarks on Tuesday he said: "We need to get on with the work. There is no time for delay. We should use every single day between now and the beginning of COP28 to make progress on all the elements".

In July, Jaber, who heads UAE oil giant ADNOC, said that "phasing down fossil fuels is inevitable" -- a statement he has not repeated this week.

A fossil fuel phaseout is already implicit in other commitments, including one to triple renewable energy capacity to 11 terawatts by 2030.

H.Carroll--TFWP