Displaying items by tag: fossil fuels

At the end of COP28, nations have made a historic move by explicitly targeting the use of fossil fuels for the first time. The talks in Dubai came close to collapse, but in a dramatic turn-around, nations agreed to ‘transition away’ from coal, oil, and gas, although some small island nations felt the deal was rushed. The agreement departed from earlier, stronger language advocating for a ‘phase-out’ of fossil fuels, probably because of pressure from oil-producing nations. The deal recognises the need to transition away from fossil fuels ‘in a just, orderly and equitable manner.’ It also acknowledges that global emissions could peak before 2025. Despite criticisms and challenges for a variety of reasons, the deal (which is seen as a victory for Sultan al-Jaber, the conference’s president) was accepted by all participating nations.

The UN climate change conference in Dubai, hosted by the United Arab Emirates, is on the verge of a significant breakthrough in addressing climate change. The UAE negotiating team expresses 'cautious optimism' that COP28 will commit to gradually reducing and possibly eliminating fossil fuels over the coming decades. This is a remarkable shift, as fossil fuels were rarely discussed at previous climate conferences until COP26 in Glasgow in 2021, where the focus was on phasing down coal. While the commitment in Dubai may not set a specific expiry date for fossil fuel use and will probably allow for ‘abated’ fossil fuels with carbon capture, it represents a historic acknowledgment of the need to address the primary source of climate change. Sultan al-Jaber, COP28 president and head of UAE state oil company Adnoc, has been advocating for a fossil fuel phase-out; this underscores the significance of addressing climate change even in such a major oil-producing country. Interestingly, the number of delegates representing fossil fuel interests has quadrupled compared to COP27: see

President Sultan al-Jaber has denied allegations that the UAE plans to use the COP28 climate summit to negotiate oil and gas deals with other nations, as reported by the BBC on 27 November. Leaked briefing documents indicated the UAE's intention to discuss fossil fuel agreements with fifteen countries during the summit. The documents revealed proposed talking points for various countries, including China, Colombia, Germany, and Egypt, regarding fossil fuel collaboration. Mr Jaber, who is also the CEO of UAE's state oil company, Adnoc, and renewables business, Masdar, dismissed the allegations, calling them false and inaccurate. The controversy raises concerns about the intersection of climate goals and fossil fuel interests. The hope is that COP28 will help limit the long-term global temperature rise to 1.5C, which the UN's climate science body says is crucial to avoid the worst impacts of climate change. But that will require drastic cuts in greenhouse gas emissions - a 43% reduction by 2030 from 2019 levels.

The former UN secretary-general Ban Ki-moon said he was deeply concerned that the UK’s export credit agency had provided billions of pounds in recent years to support businesses involved in oil and gas schemes around the world. ‘These figures and policies are hard to reconcile with the UK’s commitments under the Paris agreement,’ said Ban, referring to the international climate deal he forged in 2015 as UN chief. ‘The time has come for the UK to change course, in the interests of the whole world,’ he wrote in a comment for the Guardian. Pray that the Government’s priority, at home and abroad, will be to forge opportunities for UK businesses to resist investing in or funding fossil fuel projects. Recent projects supported by the UK include oil and gas fields off the coast of Ghana, a major gas pipeline in Oman, and software for an oil firm in Argentina.