BSS
  05 Dec 2023, 10:53

COP28 draft agreement includes option to do nothing

DUBAI, Dec 5, 2023 (BSS/AFP) - The UN released the latest draft of a global
climate agreement on Tuesday presenting all options on fossil fuels -- from
phasing them out to not discussing them at all.

The fate of oil, gas and coal is the thorniest issue being thrashed out at
the COP28 UN climate talks in Dubai and divisions around their future have
dominated the conference.

The second version of the negotiating text puts three options on the table,
setting the stage for a gruelling showdown as representatives from nearly 200
nations try to reach a final agreement.

The first proposes "an orderly and just phase out of fossil fuels" -- the
toughest stance and one seen as essential by low-lying island nations at
threat from rising seas.

The second calls for faster efforts to phase out projects that lack the means
to capture and store emissions, and to "rapidly" reduce fossil fuel use to
achieve carbon neutrality in global energy production by 2050.

The third option contained in the 24-page draft is "no text" at all, a
position supported by oil giant Saudi Arabia and China.

A previous version had only mentioned the options of a phase-out or a weaker
phase-down.

Saudi Arabia's energy minister told Bloomberg on Monday that he "absolutely"
rejected calls for a phase-down, hinting at the bitter fight ahead over the
issue.

The broad language on fossil fuels in the text "prepares the ground for
intense future deliberations", said Harjeet Singh, a campaigner with the
Climate Action Network.

The draft forms the basis of negotiations that will unfold in coming days,
with a final text expected in theory by December 12.

It is a formal response to the "global stocktake", a damning report card
published in September that highlighted how little the world had done to
confront the climate crisis.