The Fort Worth Press - UN climate talks chief pushes for rapid draft deal

USD -
AED 3.673006
AFN 67.999693
ALL 93.450264
AMD 390.139965
ANG 1.802599
AOA 912.999614
ARS 1006.490397
AUD 1.537516
AWG 1.8
AZN 1.699154
BAM 1.86664
BBD 2.019441
BDT 119.521076
BGN 1.862055
BHD 0.376893
BIF 2896
BMD 1
BND 1.347847
BOB 6.936935
BRL 5.811603
BSD 1.000224
BTN 84.324335
BWP 13.663891
BYN 3.273158
BYR 19600
BZD 2.016139
CAD 1.39795
CDF 2870.000122
CHF 0.88603
CLF 0.035378
CLP 976.202368
CNY 7.23975
CNH 7.246835
COP 4387.51
CRC 509.75171
CUC 1
CUP 26.5
CVE 105.449747
CZK 24.104965
DJF 177.720152
DKK 7.10561
DOP 60.397835
DZD 133.658839
EGP 49.615395
ERN 15
ETB 123.44984
EUR 0.952645
FJD 2.273303
FKP 0.789317
GBP 0.795456
GEL 2.730276
GGP 0.789317
GHS 15.701691
GIP 0.789317
GMD 71.000046
GNF 8629.999971
GTQ 7.723106
GYD 209.262927
HKD 7.782245
HNL 25.225021
HRK 7.133259
HTG 131.279438
HUF 390.08984
IDR 15872.05
ILS 3.64433
IMP 0.789317
INR 84.281401
IQD 1310.5
IRR 42087.500312
ISK 138.20008
JEP 0.789317
JMD 158.737885
JOD 0.709402
JPY 154.164018
KES 129.49797
KGS 86.789403
KHR 4049.999429
KMF 468.949735
KPW 899.999621
KRW 1399.597579
KWD 0.30773
KYD 0.83352
KZT 499.434511
LAK 21965.00014
LBP 89549.999888
LKR 291.048088
LRD 179.824976
LSL 18.039831
LTL 2.95274
LVL 0.60489
LYD 4.895017
MAD 10.033502
MDL 18.284378
MGA 4679.000115
MKD 58.600855
MMK 3247.960992
MNT 3397.999946
MOP 8.015558
MRU 39.914964
MUR 46.719808
MVR 15.449836
MWK 1736.000059
MXN 20.285455
MYR 4.45199
MZN 63.898008
NAD 18.039945
NGN 1683.130262
NIO 36.760254
NOK 11.08934
NPR 134.919279
NZD 1.710176
OMR 0.38499
PAB 1.000243
PEN 3.798006
PGK 3.970189
PHP 58.957501
PKR 277.949893
PLN 4.105516
PYG 7792.777961
QAR 3.640604
RON 4.742104
RSD 111.482021
RUB 103.999485
RWF 1371
SAR 3.755106
SBD 8.39059
SCR 13.593379
SDG 601.50529
SEK 10.981809
SGD 1.346025
SHP 0.789317
SLE 22.697023
SLL 20969.504736
SOS 571.505018
SRD 35.493972
STD 20697.981008
SVC 8.751963
SYP 2512.529858
SZL 18.040108
THB 34.619923
TJS 10.662244
TMT 3.51
TND 3.171499
TOP 2.342101
TRY 34.577555
TTD 6.793638
TWD 32.442996
TZS 2649.999996
UAH 41.507876
UGX 3705.983689
UYU 42.633606
UZS 12830.000083
VES 46.58447
VND 25420
VUV 118.722009
WST 2.791591
XAF 626.065503
XAG 0.032956
XAU 0.000381
XCD 2.70255
XDR 0.765057
XOF 624.311984
XPF 114.049622
YER 249.925029
ZAR 18.04253
ZMK 9001.199887
ZMW 27.580711
ZWL 321.999592
  • RBGPF

    0.8100

    61

    +1.33%

  • RYCEF

    -0.0300

    6.77

    -0.44%

  • JRI

    0.1600

    13.37

    +1.2%

  • SCS

    0.4500

    13.72

    +3.28%

  • NGG

    0.1500

    63.26

    +0.24%

  • BCC

    8.7200

    152.5

    +5.72%

  • CMSC

    0.0578

    24.73

    +0.23%

  • GSK

    0.1900

    34.15

    +0.56%

  • RIO

    0.6300

    62.98

    +1%

  • BTI

    -0.0500

    37.33

    -0.13%

  • RELX

    -0.1800

    46.57

    -0.39%

  • VOD

    0.1800

    8.91

    +2.02%

  • BCE

    0.2500

    27.02

    +0.93%

  • CMSD

    0.1200

    24.58

    +0.49%

  • AZN

    0.7700

    66.4

    +1.16%

  • BP

    -0.4000

    29.32

    -1.36%

UN climate talks chief pushes for rapid draft deal
UN climate talks chief pushes for rapid draft deal / Photo: © 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.

D.Ford--TFWP