Zürcher Nachrichten - UN climate summit runs overtime as fury mounts on fossil fuels

EUR -
AED 4.101345
AFN 77.032505
ALL 99.346177
AMD 432.43567
ANG 2.013049
AOA 1036.77807
ARS 1075.022084
AUD 1.638665
AWG 2.009927
AZN 1.903727
BAM 1.957678
BBD 2.255263
BDT 133.478024
BGN 1.96194
BHD 0.420821
BIF 3237.947656
BMD 1.116626
BND 1.443284
BOB 7.718265
BRL 6.064287
BSD 1.116971
BTN 93.354568
BWP 14.765294
BYN 3.655406
BYR 21885.869656
BZD 2.251419
CAD 1.514765
CDF 3205.83349
CHF 0.948568
CLF 0.037681
CLP 1039.724056
CNY 7.877914
CNH 7.876551
COP 4648.301891
CRC 579.545486
CUC 1.116626
CUP 29.590589
CVE 110.369377
CZK 25.076404
DJF 198.897208
DKK 7.459169
DOP 67.044305
DZD 147.724424
EGP 54.187291
ERN 16.74939
ETB 129.612896
FJD 2.456911
FKP 0.850377
GBP 0.839089
GEL 3.048765
GGP 0.850377
GHS 17.559528
GIP 0.850377
GMD 76.478493
GNF 9650.126208
GTQ 8.634359
GYD 233.659928
HKD 8.702442
HNL 27.707575
HRK 7.591952
HTG 147.378717
HUF 393.677561
IDR 16934.414972
ILS 4.208201
IMP 0.850377
INR 93.284779
IQD 1463.20342
IRR 47001.617801
ISK 152.296414
JEP 0.850377
JMD 175.488318
JOD 0.791351
JPY 161.091169
KES 144.067258
KGS 94.062898
KHR 4536.351005
KMF 492.822874
KPW 1004.96277
KRW 1492.18639
KWD 0.340616
KYD 0.930801
KZT 535.514042
LAK 24664.21472
LBP 100022.944684
LKR 340.786863
LRD 223.390262
LSL 19.608883
LTL 3.297107
LVL 0.675436
LYD 5.304278
MAD 10.830976
MDL 19.490869
MGA 5051.754868
MKD 61.661441
MMK 3626.7577
MNT 3794.295108
MOP 8.965839
MRU 44.388973
MUR 51.230572
MVR 17.151745
MWK 1936.622809
MXN 21.621786
MYR 4.695396
MZN 71.296513
NAD 19.608708
NGN 1830.652829
NIO 41.108877
NOK 11.731586
NPR 149.370267
NZD 1.791604
OMR 0.429846
PAB 1.116951
PEN 4.186559
PGK 4.37235
PHP 62.154728
PKR 310.35047
PLN 4.275394
PYG 8714.358307
QAR 4.072206
RON 4.974455
RSD 117.081921
RUB 103.595912
RWF 1505.75772
SAR 4.190263
SBD 9.275742
SCR 15.20849
SDG 671.658527
SEK 11.379804
SGD 1.442608
SHP 0.850377
SLE 25.511892
SLL 23415.083225
SOS 638.317954
SRD 33.334619
STD 23111.9038
SVC 9.773243
SYP 2805.55626
SZL 19.61599
THB 36.878746
TJS 11.873175
TMT 3.908191
TND 3.384446
TOP 2.615244
TRY 38.089784
TTD 7.597151
TWD 35.731768
TZS 3046.939603
UAH 46.168836
UGX 4138.117278
USD 1.116626
UYU 46.153648
UZS 14213.632892
VEF 4045036.356711
VES 41.049924
VND 27474.582801
VUV 132.568082
WST 3.12372
XAF 656.574989
XAG 0.035614
XAU 0.000427
XCD 3.017737
XDR 0.827794
XOF 656.577931
XPF 119.331742
YER 279.519396
ZAR 19.564743
ZMK 10050.970555
ZMW 29.570833
ZWL 359.553117
  • RIO

    2.2700

    65.18

    +3.48%

  • RBGPF

    60.5000

    60.5

    +100%

  • CMSC

    0.0650

    25.12

    +0.26%

  • SCS

    -0.8000

    13.31

    -6.01%

  • CMSD

    0.0300

    25.01

    +0.12%

  • GSK

    -0.8100

    41.62

    -1.95%

  • NGG

    -1.2200

    68.83

    -1.77%

  • BCC

    7.6300

    144.69

    +5.27%

  • AZN

    0.3200

    78.9

    +0.41%

  • RYCEF

    -0.0200

    6.93

    -0.29%

  • RELX

    0.7600

    48.13

    +1.58%

  • BTI

    -0.3100

    37.57

    -0.83%

  • BCE

    -0.4200

    35.19

    -1.19%

  • JRI

    -0.0400

    13.4

    -0.3%

  • BP

    0.3300

    32.76

    +1.01%

  • VOD

    -0.1700

    10.06

    -1.69%

UN climate summit runs overtime as fury mounts on fossil fuels
UN climate summit runs overtime as fury mounts on fossil fuels / Photo: - - AFP

UN climate summit runs overtime as fury mounts on fossil fuels

The world's climate negotiators on Tuesday haggled beyond a host-imposed deadline for a deal as at-risk nations voiced fury over a proposed compromise that stops short of phasing out fossil fuels.

Text size:

The Emirati president of the COP28 summit had pressed the nearly 200 nations to reach an ambitious deal by the official end of talks at 11 am (0700 GMT), in an effort to force decisions.

But after another late night, there was no sign that the talks were anywhere near completion, with negotiators waiting for a fresh text after wide criticism of a draft released Monday.

"We have time and we are prepared to stay a little longer," German Foreign Minister Annalena Baerbock said.

The team from the Marshall Islands -- which lies on average 2.1 metres (seven feet) above sea level and is threatened with submersion as ice melts -- vowed to stay until the end.

The Pacific archipelago's negotiator, John Silk, said that his country "did not come here to sign our death warrant".

Cassie Flynn, global director of climate change at the UN Development Programme, said it was still possible to reach a deal that goes beyond the draft's "watery" language on fossil fuels.

"Parties are working around the clock," she said. "Negotiators are scurrying around rooms and on phone calls to try to find the places where they can agree."

- 'Broken beyond repair' -

Campaigners had hoped the COP28 summit -- set in a glitzy metropolis built on petrodollars -- would take the historic step of calling for the first time for a global phase-out of fossil fuels, which account for three-quarters of greenhouse gas emissions blamed for the planetary crisis.

But climate decisions must be made by consensus and Saudi Arabia, the world's largest oil exporter, has led opposition to the threat to its financial lifeblood.

The draft put forward by COP28 president Sultan Al Jaber -- himself head of the UAE's national oil company -- only lists a series of options including reductions in fossil fuel production and consumption.

Clive Hamilton, a professor at Australia's Charles Sturt University and veteran watcher of climate negotiations, said the "extraordinarily weak draft" showed the influence of the fossil fuel lobby, which showed up at COP28 in record numbers.

"If anything like the current text is adopted, it will show the COP process to be broken beyond repair," he said.

Scientists say the planet has already warmed by 1.2 degrees Celsius (2.2 Fahrenheit) from pre-industrial times and that 2023 -- marked by lethal disasters including wildfires across the world -- has likely been the warmest in 100,000 years.

The 2015 Paris summit endorsed an ambition of checking warming at 1.5 Celsius -- a goal endorsed in the latest draft, but which critics say is virtually impossible without serious efforts to curb oil, gas and coal.

 

"This is a war for survival," he said in a closed-door session which ended at around 2:30 am.

Kerry has supported calls to phase out fossil fuels, even though the United States remains the world's largest oil producer and much of the rival Republican Party adamantly opposes action on climate.

- Revisions expected -

Former US vice president Al Gore, who won the Nobel Peace Prize for his climate advocacy, said that the "obsequious" draft looked as if it had been written by the OPEC oil cartel.

Jaber acknowledged Monday there was work to do, and a person familiar with the COP28 presidency's thinking called Monday's text "an opening gambit" that could be built upon.

The 21-page text does not go so far as to demand action on fossil fuels, only presenting measures that nations "could" take.

"This is not a menu in a restaurant. We have to do all of these things," Canada's Steven Guilbeault, part of a group of ministers tasked by Jaber to shepherd negotiations, told AFP.

A.Ferraro--NZN