COP28: the climate conference is now heading for a total flop
The COP28 climate summit extended into Tuesday as nations continue to disagree over wording on fossil fuel use and production, with former Western officials suggesting the Dubai conference is “about verge of complete failure."
Former US Vice President Al Gore declared that “COP28 is now on the brink of total failure”.
“The world desperately needs to phase out fossil fuels, as quickly as possible, but this obsequious draft reads as if OPEC dictated it word for word,” Gore added in a post on X. People Only They may deludedly think they will see developing countries and oil and gas producers signing agreements to reduce emissions and make a costly transition to renewable energy.
A draft of Monday's final statement, which referenced only suggestions on "reducing fossil fuel consumption and production," angered many developed and island nations over the absence of language on "phasing out fossil fuels." .
The draft was presented by COP28 President Sultan Al Jaber, who is also the CEO of the national oil company ADNOC.
The draft says that the Conference of the Parties “calls on the Parties to take actions that may include,” among other things, “reducing the consumption and production of fossil fuels, in a fair, orderly and equitable manner, so as to achieve the net zero by, before, or around 2050, in line with the science.” Among other things, so as if it were an accessory thing, among the many, that can be done. A big victory for OPEC+.
The draft also includes the texts: “Rapid reduction of raw coal and restrictions on the permitting of new raw coal power plants” and “Phase out, as soon as possible, inefficient fossil fuel subsidies that encourage waste and do not address energy poverty or just transitions.”
The chances of a compromise looked slim on Tuesday, after the United States, the European Union, the United Kingdom, Australia and a group of island nations hardest hit by climate change said they refused to sign a document that does not mention the phasing out of fossil fuels. Delegates from small island nations said they did not want to approve a deal that would be a "death sentence" for countries hardest hit by climate change.
However, the elimination of fossil fuels is a condemnation for other states, for which there are interests that are too conflicting and difficult to evaluate. COP28 will end with nothing, and it couldn't be otherwise, given that it was the oil producers who were presiding. However, the international delegates will certainly have had a great time in luxurious Doha.
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The article COP28: the climate conference is now heading for a total flop comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/cop28-ormai-la-conferenza-sul-clima-si-avvia-al-flop-totale/ on Tue, 12 Dec 2023 15:05:23 +0000.