The Prague Post - Nations call for swift fossil fuel exit to tackle climate change

EUR -
AED 4.177035
AFN 81.881437
ALL 99.252011
AMD 444.591119
ANG 2.049629
AOA 1037.159008
ARS 1294.140507
AUD 1.780172
AWG 2.047025
AZN 1.859435
BAM 1.956825
BBD 2.294803
BDT 138.092365
BGN 1.957857
BHD 0.428625
BIF 3332.101328
BMD 1.137236
BND 1.492134
BOB 7.854392
BRL 6.60529
BSD 1.136596
BTN 97.022843
BWP 15.66621
BYN 3.71968
BYR 22289.824581
BZD 2.282996
CAD 1.574122
CDF 3271.828141
CHF 0.930816
CLF 0.028662
CLP 1099.888868
CNY 8.30179
CNH 8.290894
COP 4901.486936
CRC 571.199327
CUC 1.137236
CUP 30.136753
CVE 110.770869
CZK 25.063091
DJF 202.109957
DKK 7.466602
DOP 68.803308
DZD 150.7588
EGP 58.143348
ERN 17.058539
ETB 151.279275
FJD 2.597109
FKP 0.855951
GBP 0.857288
GEL 3.115894
GGP 0.855951
GHS 17.695207
GIP 0.855951
GMD 81.319015
GNF 9843.347287
GTQ 8.754588
GYD 238.429138
HKD 8.82913
HNL 29.46444
HRK 7.446167
HTG 148.317723
HUF 408.387158
IDR 19177.096068
ILS 4.192295
IMP 0.855951
INR 97.094362
IQD 1489.779092
IRR 47906.06434
ISK 145.099624
JEP 0.855951
JMD 179.644139
JOD 0.806641
JPY 161.924772
KES 147.274287
KGS 99.205076
KHR 4566.002554
KMF 492.999324
KPW 1023.51235
KRW 1613.044242
KWD 0.348711
KYD 0.947196
KZT 594.971784
LAK 24598.413793
LBP 101896.340747
LKR 339.937138
LRD 227.418773
LSL 21.444738
LTL 3.357962
LVL 0.687903
LYD 6.221303
MAD 10.547824
MDL 19.662304
MGA 5177.713287
MKD 61.514233
MMK 2387.450153
MNT 4055.721375
MOP 9.086962
MRU 44.847502
MUR 51.278108
MVR 17.514203
MWK 1974.241768
MXN 22.425622
MYR 5.012364
MZN 72.675052
NAD 21.444738
NGN 1824.922464
NIO 41.821916
NOK 11.909658
NPR 155.236349
NZD 1.90379
OMR 0.437833
PAB 1.136596
PEN 4.279398
PGK 4.700463
PHP 64.49549
PKR 319.107143
PLN 4.278742
PYG 9097.767521
QAR 4.140219
RON 4.97893
RSD 117.291464
RUB 93.451578
RWF 1609.188866
SAR 4.267179
SBD 9.516785
SCR 16.196165
SDG 682.883256
SEK 10.940516
SGD 1.490626
SHP 0.893689
SLE 25.900542
SLL 23847.250746
SOS 649.950735
SRD 42.248639
STD 23538.488054
SVC 9.945212
SYP 14786.177003
SZL 21.402605
THB 37.923371
TJS 12.206811
TMT 3.980326
TND 3.398079
TOP 2.663521
TRY 43.238621
TTD 7.712041
TWD 36.987449
TZS 3056.318533
UAH 47.101683
UGX 4166.329832
USD 1.137236
UYU 47.664978
UZS 14768.739292
VES 91.955341
VND 29420.293975
VUV 137.567375
WST 3.158108
XAF 656.312471
XAG 0.034749
XAU 0.000336
XCD 3.073437
XDR 0.816192
XOF 653.910715
XPF 119.331742
YER 278.907149
ZAR 21.404938
ZMK 10236.48952
ZMW 32.36396
ZWL 366.189511
  • BCC

    0.7800

    93.47

    +0.83%

  • CMSD

    0.0400

    21.96

    +0.18%

  • RELX

    1.0000

    52.2

    +1.92%

  • NGG

    0.6300

    72.11

    +0.87%

  • SCS

    0.0500

    9.76

    +0.51%

  • VOD

    0.1350

    9.305

    +1.45%

  • RBGPF

    63.5900

    63.59

    +100%

  • CMSC

    0.0400

    21.82

    +0.18%

  • RYCEF

    -0.1400

    9.36

    -1.5%

  • JRI

    0.1600

    12.4

    +1.29%

  • RIO

    1.0100

    58.17

    +1.74%

  • GSK

    0.5600

    35.93

    +1.56%

  • BCE

    0.4200

    22.04

    +1.91%

  • AZN

    0.5400

    67.59

    +0.8%

  • BTI

    0.5400

    42.37

    +1.27%

  • BP

    0.6600

    28.32

    +2.33%

Nations call for swift fossil fuel exit to tackle climate change
Nations call for swift fossil fuel exit to tackle climate change / Photo: Valentine CHAPUIS - AFP/File

Nations call for swift fossil fuel exit to tackle climate change

The world needs an "urgent" exit from fossil fuels as part of efforts to slash planet-heating emissions and rein in global warming, a coalition of countries including EU economies and climate-vulnerable nations said Friday.

Text size:

In a statement released at the close of climate talks in Brussels, the High Ambition Coalition said the year-end COP28 talks must pave the way for "an urgent and just transition to renewables, a more climate resilient world, and climate justice for all".

"We must accelerate the global energy transition away from fossil fuels," said the statement, signed by representatives of countries including Germany, France and the Marshall Islands, as well as the European Commission.

It called for greenhouse gas emissions to peak by 2025 at the latest and be cut by 43 percent by 2030, compared to 2019 levels, in line with recent updates from UN climate experts.

"This requires systemic transformations across all sectors, driven by an urgent phase out from fossil fuels, starting with a rapid decline of fossil fuel production and use within this decade," the countries said.

The statement follows a ministerial summit in Belgium where the incoming COP28 president outlined priorities for the crunch Dubai meeting.

With global temperatures hitting record highs last week and countries buffeted by floods, storms and crop-withering heatwaves, the world remains far off track to meet its climate goals.

That has prompted some countries to call for a decision at COP28 to entirely phase out planet-warming fossil fuels from the global energy mix.

- Fossil focus -

Emirati oil boss Sultan Al Jaber, who will head up the COP28 talks, has said he expects fossil fuels to continue to play a role, albeit reduced and with the use of often controversial technologies to "abate", or neutralise, the emissions.

Jaber said on Thursday that a phase down of fossil fuels is both "inevitable" and "essential", but has been reluctant to spell out a time frame.

But "I don't have a magic (wand)" as to when that will happen, he told AFP in Brussels.

Countries have raised concerns about any reliance on carbon capture and storage technologies -- for example those that trap emissions from power plants and store them permanently underground -- which have so far not been used at scale.

"Abatement technologies must not be used to green-light continued fossil fuel expansion, but must be considered in the context of steps to phase out fossil fuel use," the statement said.

It added that these technologies had a "minimal role to play" in the decarbonisation of the energy sector.

Among the concrete targets Jaber proposed as COP28 priorities include a host of 2030 targets, like tripling the world's renewable energy capacity and doubling energy efficiency improvements.

This is in line with what the International Energy Agency says is needed to meet the Paris deal target of limiting global warming to 1.5 degrees Celsius since preindustrial times.

Y.Blaha--TPP