New COP28 draft deal stops short of fossil fuel phase out

A DRAFT of a potential climate deal at the COP28 summit on Monday (Dec 11) offered various options to reduce greenhouse gas emissions, but stopped short of the full phase out of fossil fuels that many nations have demanded.

UN Secretary General Antonio Guterres said a central benchmark of success for COP28 would be whether it yields a deal to reduce coal, oil and gas use fast enough to avert disastrous climate change.

“That doesn’t mean that all countries must phase out fossil fuels at the same time,” he told reporters at the Dubai summit, which is scheduled to end on Tuesday but could go on longer if negotiations drag on.

A new draft of a COP28 agreement, published by the United Arab Emirates’ (UAE) presidency of the summit, proposed various options but did not refer to a “phase out” of all fossil fuels, which had been included in a previous draft.

The draft deal listed eight options that countries “could” use to cut emissions, including by “reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050”.

Other actions listed included tripling renewable energy capacity by 2030, “rapidly phasing down unabated coal” and scaling up technologies including those to capture carbon dioxide emissions out of the atmosphere.

A coalition of more than 100 countries including oil and gas producers the United States, Canada and Norway, as well as the European Union and climate-vulnerable island nations, wanted an agreement that included language to phase out fossil fuels, a feat not achieved in 30 years of the UN summits.

The emissions from burning fossil fuels are by far the main driver of climate change.

Sources familiar with the discussions said the UAE had come under pressure from Saudi Arabia to drop any mention of fossil fuels from the text.

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Big divisions loom over fossil fuels as COP28 talks head into final phase

Negotiators and observers inside the COP28 talks told Reuters that Saudi Arabia, de facto leader of the Organization of the Petroleum Exporting Countries oil producers’ group, was among the main opponents of a deal to phase out oil and gas.

Saudi Arabia’s government did not respond to requests for comment on Monday. REUTERS