COP28 goes into overtime as talks fail to bridge rift on fossil fuel phase-out
Hindustan TimesThe clock ran out on this year’s climate conference in Dubai on Tuesday with no consensus, forcing the COP28 presidency to go into overtime and hammer out a fifth draft text in a last attempt to resolve differences that could otherwise cripple collective efforts to fight the climate crisis. Other actions listed included tripling renewable energy capacity by 2030; “rapidly phasing down unabated coal”; accelerating zero and low emissions technologies, including, inter alia, renewables, nuclear, abatement and removal technologies, including such as carbon capture and utilization and storage, and low carbon hydrogen production, so as to enhance efforts towards substitution of unabated fossil fuels in energy systems. COP28 draft GST: Developed nations oppose exclusion of phasing out of fossil fuels Some parties such as the Arab Group have also pointed out that latest science — the Intergovernmental Panel on Climate Change’s projections do not say phasing out fossil fuels is mandatory to keep the 1.5°C goal alive. “It’s not fair that Congo & Canada must phase out fossil fuels at the same rate.” Another LMDC negotiator said some rich nations such as the US do not wish to phase out fossil fuels. As the world’s largest historical emitter and number one oil and gas producer, it’s incumbent on the United States to make finance part of a COP28 package that assures commitment to phase out fossil fuels across the globe,” said Jean Su, energy justice director with the Center for Biological Diversity.