`COP28 Climate Conference Concludes With Mixed Results - Olive Oil Times

COP28 Climate Conference Concludes With Mixed Results

By Costas Vasilopoulos
Dec. 19, 2023 18:29 UTC

After two weeks of intense delib­er­a­tions in Dubai, del­e­gates from nearly 200 coun­tries attend­ing the COP28 cli­mate con­fer­ence reached a land­mark but con­tentious agree­ment to depart from using fos­sil fuels for energy pro­duc­tion.

The COP28 pact calls for a just, orderly, and equi­table” tran­si­tion away from fos­sil fuels in energy sys­tems to achieve net zero by 2050 in keep­ing with the sci­ence”.

It is the first time since the first Conference of the Parties in 1995 that a cli­mate sum­mit has ended with a call to aban­don fos­sil fuels.

See Also:2023 Is the Hottest Year on Record; 2024 Will Likely Be Hotter

The agree­ment also stip­u­lates that coun­tries world­wide must set ambi­tious” emis­sion tar­gets by 2025 regard­ing their use of fos­sil fuels to keep the rise in global tem­per­a­tures below 1.5 ºC above pre-indus­trial lev­els before the turn of the cen­tury.

The sum­mit chair, Sultan Al-Jaber, who had been pre­vi­ously accused of plan­ning to secretly strike new oil deals at COP28, hailed the accord as a his­toric pack­age” and a robust plan” to achieve the 1.5 ºC tar­get.

COP28 attend­ing nations have also agreed to triple renew­able energy and increase finan­cial aid to devel­op­ing coun­tries to mit­i­gate the impact of cli­mate change.

However, an explicit ref­er­ence to a com­plete phase-out of fos­sil fuels was left out of the final COP28 text after lob­by­ing from Saudi Arabia and other mem­bers of the Organization of the Petroleum Exporting Countries (OPEC), caus­ing envi­ron­men­tal­ists and cli­mate cam­paign­ers in Dubai to express their frus­tra­tion.

We’re very dis­ap­pointed about this deal,” said cli­mate jus­tice activist Selma de Montgomery from Denmark. We hoped that this COP could be, and we were fight­ing for, this COP to be the end of the fos­sil fuel era, and we do not see that deliv­ered in this text.”

Criticizing the absence of an oil and coal phase-out from the pact, United Nations sec­re­tary-gen­eral António Guterres said: To those who opposed a clear ref­er­ence to phase out of fos­sil fuels dur­ing the COP28 cli­mate con­fer­ence, I want to say: Whether you like it or not, fos­sil fuel phase-out is inevitable. Let’s hope it doesn’t come too late.”

Meanwhile, the final COP28 agree­ment was reached with­out the Alliance of Small Island States, a group of 39 Pacific island nations and other low-lying coastal states vul­ner­a­ble to ris­ing sea lev­els.

We are a lit­tle con­fused about what just hap­pened,” said Anna Rasmussen, chief nego­tia­tor for the alliance. It seems you gavelled the deci­sions, and the small island devel­op­ing states were not in the room.”

Rasmussen also called the new cli­mate accord a litany of loop­holes,” refer­ring to the option for coun­tries to accel­er­ate plans for car­bon cap­ture and stor­age, a process where car­bon diox­ide from indus­trial sources is stored in under­ground reser­voirs.

Scientists and other experts have argued that car­bon stor­age is still a devel­op­ing tech­nol­ogy and could become a dis­ori­en­tat­ing fac­tor for coun­tries look­ing to limit fos­sil fuel emis­sions.

Other items on the COP28 agenda, includ­ing how to secure the nec­es­sary financ­ing for devel­op­ing nations to adapt to cli­mate change chal­lenges, remained unre­solved at this year’s cli­mate con­fer­ence despite the oper­a­tional­iza­tion of the loss and dam­age fund agreed on last year.

COP29, the next global cli­mate con­fer­ence, is sched­uled to take place in Baku, Azerbaijan, another oil-pro­duc­ing coun­try, in November 2024.



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