Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Clashes over fossil fuels, Gaza conflict cloud COP28 climate summit

Published Dec 01, 2023 03:07AM ET Updated Dec 01, 2023 06:37PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. World leaders and delegates walk at Dubai's Expo City ahead of the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. REUTERS/Thomas Mukoya 2/2

By Valerie Volcovici, William James and Elizabeth Piper

DUBAI (Reuters) -U.N. Secretary General Antonio Guterres urged world leaders at the COP28 climate summit on Friday to plan for a future without fossil fuels, saying there was no other way to curb global warming.

Speaking a day after COP28 president Sultan Ahmed al-Jaber proposed embracing the continued use of fossil fuels, Guterres said: "We cannot save a burning planet with a fire hose of fossil fuels."

"The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels. Not reduce. Not abate," he said, referring to nascent technologies to capture and store carbon emissions.

The competing visions summed up the difficulty of this year's U.N. climate summit in the oil-producing United Arab Emirates, where divisions over fossil fuel, acrimony over lagging finance and geopolitical tensions around the war in Gaza threatened to distract delegates from making progress.

King Charles III of Britain pleaded with world leaders to make progress in the global climate agenda.

"Scientists have been warning for so long, we are seeing alarming tipping points being reached," he said.

"Unless we rapidly repair and restore nature's economy, based on harmony and balance, which is our ultimate sustainer, our own economy and survivability will be imperilled," said the king, who has spent most of his adult life campaigning on the environment.

The comments from Charles appeared to be at odds with his government's. British Prime Minister Rishi Sunak, who announced 1.6 billion pounds ($2.02 billion) in climate finance, has rolled back several domestic measures set by previous governments to help the country meet its 2050 net-zero targets.

Indian Prime Minister Narendra Modi appeared to admonish wealthy countries for their role in releasing the most climate-warming emissions since the Industrial Revolution.

"We do not have much time to correct the mistakes of the last century," Modi said. "Over the past century, a small section of humanity has indiscriminately exploited nature. However, entire humanity is paying the price for this, especially people living in the global south."

A former Marshall Islands president, whose country faces inundation from climate-driven sea level rise, resigned from the main COP28 advisory board on Friday in protest at the UAE's support of continued use of fossil fuels.

Hilda Heine said in her resignation letter that she was "deeply disappointed" that the UAE had reportedly used its COP28 role to broker oil and gas deals. The UAE has strongly denied the accusations.

The UAE's COP28 presidency said it was "extremely disappointed" by Heine's resignation. "We have been completely clear, open, and honest throughout this process," the statement said.

ANGER OVER GAZA

Some world leaders took their turn at the podium on Friday to criticize Israel's bombardment of Gaza, breaking an unspoken agreement to steer clear of politics at U.N. climate summits.

Turkey's President Tayyip Erodgan and South Africa's President Cyril Ramaphosa accused Israel of committing war crimes in Gaza during their speeches, while an Israeli official said the military was abiding by international law and was intent on destroying Hamas.

"South Africa is appalled by the cruel tragedy that is underway in Gaza. The war against the innocent people of Palestine is a war crime that must be ended now," Ramaphosa said.

A group of demonstrators at the conference, some wearing shirts that spelled "ceasefire", chanted "Free Palestine". Elsewhere, a display of shoes was meant to represent the thousands killed in Gaza.

OPTIONS FOR A COP28 DEAL

Away from the main stage, delegations and technical committees set to work on Friday on the mammoth task of assessing their progress in meeting global climate targets, specifically the Paris Agreement goal of limiting global warming to within 2 degrees Celsius (3.6 degrees Fahrenheit), above pre-industrial temperatures.

Scientists say that a global temperature rise beyond this threshold will unleash catastrophic and irreversible impacts worldwide.

The United Nations on Friday published its first draft for what could serve as a template for a final agreement from the COP28 summit, which ends Dec. 12.

The draft offers "building blocks" for a political outcome and includes several options to address the central problem of whether, and to what extent, fossil fuels should play a role in the future.

One of the options involves including commitments to either "phase down" or "phase out" the use of fossil fuels, to quit coal energy and to triple renewable energy capacity by 2030.

Also on the table for discussion is whether to phase out fossil fuel subsidies, which totalled some $7 trillion globally last year, and whether to include provisions for carbon capture and removal technology.

___

For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch (NYSE:SWCH) newsletter here.

($1 = 0.7910 pounds)

Clashes over fossil fuels, Gaza conflict cloud COP28 climate summit
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
EL LA
EL LA Dec 01, 2023 2:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Imagine if nearly half of New York City lost heat for months in winter.....without fossil fuels. WSJ  New York's Near Zombie Apocalypse
Brent Griffiths
Brent Griffiths Dec 01, 2023 2:22PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If we keep using fossil fuels they will eventually run out anyway, then what would they use?
Meru Pet
Meru Pet Dec 01, 2023 4:25AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
no heating for you, each time you participate to this lecture show
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email