GPS News
ENERGY NEWS
COP28 draft agreement includes option to do nothing on fossil fuels
COP28 draft agreement includes option to do nothing on fossil fuels
by AFP Staff Writers
Dubai (AFP) Dec 5, 2023

The UN released the latest draft of a global climate agreement on Tuesday presenting all options on fossil fuels -- from phasing them out to not discussing them at all.

The fate of oil, gas and coal is the thorniest issue being thrashed out at the COP28 UN climate talks in Dubai and divisions around their future have dominated the conference.

The second version of the negotiating text puts three options on the table, setting the stage for a gruelling showdown as representatives from nearly 200 nations try to reach a final agreement.

The first proposes "an orderly and just phase out of fossil fuels" -- the toughest stance and one seen as essential by low-lying island nations at threat from rising seas.

The second calls for faster efforts to phase out projects that lack the means to capture and store emissions, and to "rapidly" reduce fossil fuel use to achieve carbon neutrality in global energy production by 2050.

The third option contained in the 24-page draft is "no text" at all, a position supported by oil giant Saudi Arabia and China.

A previous version had only mentioned the options of a phase-out or a weaker phase-down.

Saudi Arabia's energy minister told Bloomberg on Monday that he "absolutely" rejected calls for a phase-down, hinting at the bitter fight ahead over the issue.

The broad language on fossil fuels in the text "prepares the ground for intense future deliberations", said Harjeet Singh, a campaigner with the Climate Action Network.

The draft forms the basis of negotiations that will unfold in coming days, with a final text expected in theory by December 12.

It is a formal response to the "global stocktake", a damning report card published in September that highlighted how little the world had done to confront the climate crisis.

Related Links

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
ENERGY NEWS
'Unintended consequences': friction at COP28 over green trade
Dubai (AFP) Dec 4, 2023
Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade" policies have been bubbling to the surface, with developing nations fearful they will be penalised. A particularly sore point has been the European Union's new carbon border tax, which sets a price on imported goods based on the emissions involved in creating them. While the EU deems the tax necessary to ensure everything entering the bloc meet its climate goals ... read more

ENERGY NEWS
Tufts University launches world's first Degree in Cellular Agriculture

Over 130 nations agree to include food, agriculture in climate plans

Brazil to unveil plan to increase farmland by 60%

Shear bliss for New Zealand's pampered sheep

ENERGY NEWS
Photonic chip that 'fits together like Lego' opens door to semiconductor industry

Chloride ions kill the stability of blue perovskite light emitting diodes

US chip curbs trip up China's AI-hungry tech giants

Alibaba cancels cloud service spinoff over US chip restrictions

ENERGY NEWS
China-made C919 passenger jet to make first flight outside mainland

Freezing rain to close Munich airport early Tuesday

Japan scours seabed for US Osprey wreckage

Seven still missing after US Osprey crash off Japan

ENERGY NEWS
China's electric bus revolution glides on

To help robocars make moral decisions, researchers ditch the 'trolley problem'

US proposes EV tax credit rules to curb Chinese inputs

Giddy Musk unveils Cybertruck in Tesla's latest defiant bet

ENERGY NEWS
Crunch time for EU-Mercosur deal at Rio summit

Moody's downgrades outlook on China credit rating over debt fears

China's Evergrande liquidation case adjourned until January: HK court

Gold strikes record on rate cut bets but equities struggle

ENERGY NEWS
'It destroys everything': Amazon community fights carbon credit project

Plants can absorb more CO2 from human activities than previously expected

Clearing mangroves makes 'muddification' worse

Kenyans brave heavy rain to plant trees

ENERGY NEWS
US announces tough new methane rules on oil and gas industry

Spire Global Unveils Novel High-Resolution Weather Forecast Model for Energy and Commodity Sectors

Sun Yat-sen University develops Globe230k for enhanced land cover monitoring

Satellogic receives NOAA license to expand US Govt business

ENERGY NEWS
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.