Dubai Telegraph - COP28 talks no place to boost fossil fuels says ex-UN climate boss

EUR -
AED 3.874351
AFN 70.672481
ALL 98.206772
AMD 409.529379
ANG 1.902292
AOA 961.98469
ARS 1053.240083
AUD 1.632197
AWG 1.893379
AZN 1.79736
BAM 1.951687
BBD 2.131209
BDT 126.134215
BGN 1.954399
BHD 0.397559
BIF 3057.359101
BMD 1.054807
BND 1.415032
BOB 7.2937
BRL 6.114617
BSD 1.055476
BTN 88.681275
BWP 14.429731
BYN 3.454254
BYR 20674.224038
BZD 2.127637
CAD 1.485258
CDF 3022.023436
CHF 0.935277
CLF 0.037481
CLP 1034.217927
CNY 7.628899
CNH 7.631342
COP 4683.966965
CRC 537.173181
CUC 1.054807
CUP 27.952395
CVE 110.596966
CZK 25.250021
DJF 187.460777
DKK 7.45828
DOP 63.714461
DZD 140.670985
EGP 52.059705
ERN 15.82211
ETB 128.686874
FJD 2.400689
FKP 0.832577
GBP 0.835371
GEL 2.88494
GGP 0.832577
GHS 16.824589
GIP 0.832577
GMD 74.891697
GNF 9102.987795
GTQ 8.151823
GYD 220.726985
HKD 8.212467
HNL 26.502077
HRK 7.524214
HTG 138.757615
HUF 408.109004
IDR 16773.546462
ILS 3.95511
IMP 0.832577
INR 89.063872
IQD 1382.325031
IRR 44399.482357
ISK 145.07861
JEP 0.832577
JMD 167.626783
JOD 0.747968
JPY 162.620745
KES 136.601561
KGS 91.244843
KHR 4271.970133
KMF 492.14678
KPW 949.326214
KRW 1472.870098
KWD 0.324375
KYD 0.879655
KZT 524.539682
LAK 23156.186098
LBP 94457.998459
LKR 308.360235
LRD 194.084919
LSL 19.218992
LTL 3.114572
LVL 0.638043
LYD 5.142227
MAD 10.562318
MDL 19.178769
MGA 4920.676648
MKD 61.480451
MMK 3425.973124
MNT 3584.235315
MOP 8.463746
MRU 42.150501
MUR 49.797854
MVR 16.297172
MWK 1831.145921
MXN 21.457915
MYR 4.71552
MZN 67.406123
NAD 19.218988
NGN 1756.254599
NIO 38.780033
NOK 11.691443
NPR 141.890359
NZD 1.798468
OMR 0.406127
PAB 1.055486
PEN 4.011473
PGK 4.240062
PHP 61.944657
PKR 292.923905
PLN 4.316188
PYG 8235.64615
QAR 3.840136
RON 4.976374
RSD 116.98134
RUB 105.533529
RWF 1444.031261
SAR 3.961836
SBD 8.850276
SCR 15.510982
SDG 634.470498
SEK 11.57129
SGD 1.415261
SHP 0.832577
SLE 23.842514
SLL 22118.787698
SOS 602.826263
SRD 37.251053
STD 21832.382474
SVC 9.235539
SYP 2650.234959
SZL 19.218979
THB 36.740526
TJS 11.251797
TMT 3.702374
TND 3.330558
TOP 2.470468
TRY 36.326303
TTD 7.166966
TWD 34.295483
TZS 2805.787901
UAH 43.598444
UGX 3873.837193
USD 1.054807
UYU 45.294985
UZS 13538.452675
VES 47.941006
VND 26781.558588
VUV 125.228848
WST 2.944591
XAF 654.571505
XAG 0.03487
XAU 0.000412
XCD 2.85067
XDR 0.795132
XOF 653.456945
XPF 119.331742
YER 263.570026
ZAR 19.209466
ZMK 9494.535692
ZMW 28.979211
ZWL 339.647536
  • RBGPF

    1.6500

    61.84

    +2.67%

  • RYCEF

    0.0100

    6.8

    +0.15%

  • CMSC

    -0.0300

    24.52

    -0.12%

  • NGG

    0.2100

    62.58

    +0.34%

  • SCS

    -0.0300

    13.24

    -0.23%

  • BTI

    0.7400

    36.23

    +2.04%

  • AZN

    -1.7400

    63.3

    -2.75%

  • GSK

    -0.5859

    33.415

    -1.75%

  • BP

    -0.1250

    28.925

    -0.43%

  • CMSD

    0.0252

    24.383

    +0.1%

  • RELX

    -1.5950

    44.355

    -3.6%

  • BCC

    -1.0600

    139.29

    -0.76%

  • BCE

    -0.0180

    26.822

    -0.07%

  • RIO

    0.4000

    60.83

    +0.66%

  • VOD

    0.0650

    8.745

    +0.74%

  • JRI

    -0.0665

    13.01

    -0.51%

COP28 talks no place to boost fossil fuels says ex-UN climate boss
COP28 talks no place to boost fossil fuels says ex-UN climate boss / Photo: Eric BARADAT - AFP

COP28 talks no place to boost fossil fuels says ex-UN climate boss

The UN's former climate chief said she was "giving up hope" that fossil fuel firms will be part of the solution to warming as pivotal COP28 talks start Thursday in oil-rich United Arab Emirates.

Text size:

With the UN climate negotiations expected to feature a showdown on the future of fossil fuels, Christiana Figueres expressed concern over reports the UAE planned to use its role as host to strike oil and gas deals.

Figueres, who led the UN climate convention when the landmark Paris deal was struck, told AFP that she had previously championed the idea that the world's polluting coal, oil and gas industries should "sit at the table".

"I'm actually giving up hope on that," she said, adding that it was "unforgivable" that the industries funnelled the bumper profits of recent years into shareholder dividends and lobbying efforts -- rather than invest in renewable energy technologies.

She also called for more transparency around fossil fuel influence from the COP presidency, which is held by the UAE's Sultan Al Jaber, who is also head of the Emirates state oil and gas company.

Reacting to BBC reports of leaked documents suggesting the UAE planned to exploit its role organising the climate conference to strike fossil fuel deals, Figueres said if true the claims would mark a "serious breach of the responsibility of the COP presidency".

"It is not a meeting to advance the interests of the oil and gas industry," she told PBS News in a linked interview hosted by the organisation Covering Climate Now.

"This is a convening of all the governments in the world to advance the protection of the planet... precisely because of the negative consequences of mostly the operation of the oil and gas industry."

Jaber strongly denied the BBC reports Wednesday, saying they were "false, not true, incorrect".

Global climate negotiations largely avoided mentioning fossil fuels for decades, until Glasgow's COP26 agreed to "phasedown" unfiltered coal power and the "phase-out of inefficient fossil fuel subsidies".

Momentum has built since then on a more ambitious pledge to move away from all fossil fuels and Figueres said an unprecedented surge in renewables and electric vehicles gave her optimism that the world can still achieve its climate goals.

Those centre on the 2015 Paris deal, which saw nearly 200 nations agree to limit global warming to "well below" two degrees Celsius since the preindustrial era, and preferably a safer threshold of 1.5C.

- Must try harder -

Figueres, a member of Costa Rica's climate negotiating team before she took the helm of the UN's climate change body from 2010 to 2016, said that deal was signed by leaders out of "enlightened self interest".

But she said that the world was now "horribly close" to the 1.5C limit, with emissions continuing to rise and this year is almost certain to be the hottest in human history.

She called on leaders attending the COP28 meeting to respond to a damning Global Stocktake on the world's climate action shortcomings by both accepting efforts so far have been "completely insufficient" and by doubling down on future action.

One key target, she said, should be fossil fuel subsidies, which the International Monetary Fund has said surged to a record $7 trillion last year -- equivalent to around 7 percent of global gross domestic product.

"My outrage is fossil fuel subsidies," said Figueres, adding that she would also be in favour of extra taxation on fossil fuel profits -- a suggestion championed by developing countries facing the sharpest impact of accelerating weather extremes.

She said leaders must focus on the need to almost halve emissions by 2030, which the UN's IPCC climate expert panel says is needed to keep 1.5C of warming a possibility.

"If we breach the ceiling that has been established by scientists for 2030, we have a serious problem in our hands, because we will have very likely opened a cascade of tipping points into the ecosystems that negatively affect each other," she said.

"And that will be incredibly damaging to human life, but also to all other life on this planet."

D.Naveed--DT