The Fort Worth Press - 'Race against time': Climate talks in last push over fate of fossil fuels

USD -
AED 3.67296
AFN 68.986845
ALL 88.969965
AMD 387.270403
ANG 1.802796
AOA 927.769041
ARS 962.500104
AUD 1.46944
AWG 1.8
AZN 1.70397
BAM 1.753208
BBD 2.019712
BDT 119.536912
BGN 1.75087
BHD 0.376904
BIF 2899.760213
BMD 1
BND 1.29254
BOB 6.912131
BRL 5.513604
BSD 1.000309
BTN 83.60415
BWP 13.223133
BYN 3.273617
BYR 19600
BZD 2.01627
CAD 1.356815
CDF 2871.000362
CHF 0.850904
CLF 0.033728
CLP 930.650396
CNY 7.051904
CNH 7.044285
COP 4152
CRC 519.014858
CUC 1
CUP 26.5
CVE 98.841848
CZK 22.45204
DJF 177.720393
DKK 6.68376
DOP 60.041863
DZD 132.29604
EGP 48.509604
ERN 15
ETB 116.075477
EUR 0.896095
FJD 2.200304
FKP 0.761559
GBP 0.751354
GEL 2.730391
GGP 0.761559
GHS 15.725523
GIP 0.761559
GMD 68.503851
GNF 8642.218776
GTQ 7.732543
GYD 209.255317
HKD 7.791375
HNL 24.813658
HRK 6.799011
HTG 131.985747
HUF 352.169504
IDR 15170
ILS 3.78597
IMP 0.761559
INR 83.48675
IQD 1310.379139
IRR 42092.503816
ISK 136.303814
JEP 0.761559
JMD 157.159441
JOD 0.708604
JPY 143.836504
KES 129.040385
KGS 84.238504
KHR 4062.551824
KMF 441.350384
KPW 899.999433
KRW 1333.355039
KWD 0.30508
KYD 0.833584
KZT 479.582278
LAK 22088.160814
LBP 89576.048226
LKR 305.193379
LRD 200.058266
LSL 17.560833
LTL 2.95274
LVL 0.60489
LYD 4.750272
MAD 9.699735
MDL 17.455145
MGA 4524.124331
MKD 55.221212
MMK 3247.960992
MNT 3397.999955
MOP 8.029402
MRU 39.752767
MUR 45.880378
MVR 15.360378
MWK 1734.35224
MXN 19.425675
MYR 4.205039
MZN 63.850377
NAD 17.560676
NGN 1639.450377
NIO 36.81526
NOK 10.50143
NPR 133.76929
NZD 1.603643
OMR 0.384978
PAB 1.000291
PEN 3.749294
PGK 3.91568
PHP 55.642038
PKR 277.935915
PLN 3.82645
PYG 7804.187153
QAR 3.646884
RON 4.456304
RSD 104.910232
RUB 92.350029
RWF 1348.488855
SAR 3.752625
SBD 8.306937
SCR 13.289304
SDG 601.503676
SEK 10.17897
SGD 1.291015
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.648835
SRD 30.205038
STD 20697.981008
SVC 8.752476
SYP 2512.529936
SZL 17.567198
THB 32.939504
TJS 10.633082
TMT 3.5
TND 3.030958
TOP 2.342104
TRY 34.11592
TTD 6.803666
TWD 32.001038
TZS 2726.202038
UAH 41.346732
UGX 3705.911619
UYU 41.33313
UZS 12729.090005
VEF 3622552.534434
VES 36.75395
VND 24605
VUV 118.722009
WST 2.797463
XAF 587.999014
XAG 0.032164
XAU 0.000382
XCD 2.70255
XDR 0.741335
XOF 588.001649
XPF 106.906428
YER 250.325037
ZAR 17.477835
ZMK 9001.203587
ZMW 26.482307
ZWL 321.999592
  • RBGPF

    3.5000

    60.5

    +5.79%

  • RYCEF

    0.0000

    6.95

    0%

  • RELX

    -0.1400

    47.99

    -0.29%

  • RIO

    -1.6100

    63.57

    -2.53%

  • AZN

    -0.5200

    78.38

    -0.66%

  • NGG

    0.7200

    69.55

    +1.04%

  • CMSC

    0.0300

    25.15

    +0.12%

  • GSK

    -0.8200

    40.8

    -2.01%

  • BP

    -0.1200

    32.64

    -0.37%

  • BTI

    -0.1300

    37.44

    -0.35%

  • VOD

    -0.0500

    10.01

    -0.5%

  • SCS

    -0.3900

    12.92

    -3.02%

  • BCE

    -0.1500

    35.04

    -0.43%

  • CMSD

    0.0100

    25.02

    +0.04%

  • BCC

    -7.1900

    137.5

    -5.23%

  • JRI

    -0.0800

    13.32

    -0.6%

'Race against time': Climate talks in last push over fate of fossil fuels
'Race against time': Climate talks in last push over fate of fossil fuels / Photo: © AFP

'Race against time': Climate talks in last push over fate of fossil fuels

UN leaders on Monday urged an end to obstruction hours before a deadline for a deal at a climate summit in Dubai, as oil producers resisted historic calls for the world to wind down fossil fuels.

Text size:

Flying back to Dubai after a sleepless night for negotiators, UN Secretary-General Antonio Guterres called for "maximum ambition and maximum flexibility" to reach an agreement that can find consensus among the nearly 200 countries.

"We are in a race against time," Guterres told reporters. "It's time to go into overdrive to negotiate in good faith."

Spurred by pleas by low-lying island nations that fear for their very existence, the conference in the glitzy metropolis built by petrodollars is considering the first-ever call to exit oil, gas and coal, the main culprit in the planet's climate crisis.

Neighbouring Saudi Arabia, the world's largest oil exporter, has led opposition, with the OPEC cartel urging its members to vote against a phase-out of fossil fuels.

Without naming countries, Simon Stiell, the head of the UN climate body, called on all sides to remove "unnecessary tactical blockades" holding up a deal.

Guterres called on negotiators to have a "single-minded focus on tackling the root cause of the climate crisis -- fossil fuel production and consumption".

Offering a way to compromise, Guterres said that the call for action "doesn't mean that all countries must phase out fossil fuels at the same time".

But any agreement, he said, must preserve the ambition of checking warming at no more than 1.5 degrees Celsius above pre-industrial levels -- the increasingly elusive goal blessed by the 2015 Paris accord to avoid the worst ravages of climate change including worsening storms and droughts and rising sea levels.

- 'Every minute counts' -

The annual Conference of the Parties, or COP, has rarely finished on schedule in its 28-year history, but COP28 president Sultan Al Jaber has called on countries to wrap up on time on Tuesday and seeks to offer a new draft on Monday.

"Let's be patient. In a COP, every minute counts" at the end, said Manuel Pulgar-Vidal, a former Peruvian minister now with the WWF conservation group.

But he said the phase-out call was critical now as nations, under the Paris accord, need to report plans to cut emissions by 2025 -- and will see whether to factor in an end to fossil fuels.

"If the outcome is weak, we will lose seven years," he said, referring to the next deadline to submit national plans, with scientists saying the current decade is vital to getting the planet on track.

Stiell said that the summit disagreements had narrowed down to two issues -- fossil fuels and speeding up climate finance by the wealthy nations to worst-hit developing countries.

The pressure is now on Jaber -- whose role as the head of the UAE national oil company has caused angst among climate campaigners -- to make the final edits to a deal that would bring a consensus.

Jaber has repeatedly promised to deliver a historic deal and has said that winding down fossil fuels is "inevitable".

Saudi Arabia has called for COP28 to take into account its "perspectives and concerns" and fellow OPEC member Iraq has also publicly rejected an exit from fossil fuels.

- China-US cooperation -

The last draft agreement released on Friday includes four different paths out of fossil fuels, but it also has a fifth option: leaving the issue out of the final deal.

China, the world's biggest emitter, was also initially seen as hostile to a phase-out but has since been working to find a compromise.

China and the United States, the largest historic emitter, last month in pre-COP28 talks in California agreed to speed up the deployment of renewable energy to gradually replace oil, gas and coal.

Friday's draft deal includes similar language on the need to triple renewable energy capacity by 2030, to "displace fossil fuel-based energy".

The United States, whose climate envoy John Kerry was celebrating his 80th birthday on Monday during the Dubai negotiations, has surprised some observers by also throwing its weight behind a phase-out.

But the United States also is the world's largest oil producer, and the rival Republican Party includes staunch opponents of curbing fossil fuels.

N.Patterson--TFWP