COP28 latest: Fossil fuel transition deal quickly adopted
Aglobal transition away from fossil fuels was adopted within minutes of the start of the final session of the COP28 summit, making it the first time such language has been included in nearly three decades of climate talks. COP28 President Sultan Al Jaber brought the gavel down to confirm the deal on Wednesday to standing ovation from tired delegates in the meeting. It was a day later than scheduled after intense negotiations through the night. Saudi Arabia, which had pushed back hard on the idea of phasing down or phasing out fossil fuels, came around after an earlier draft included a shift from fossil fuels rather than a phasing out as it allows it a large degree of discretion about how to get there. The decision is an important marker in the global direction of travel toward a low-carbon energy system. The text also includes agreements to triple the deployment of renewable power and double the rate of efficiency gains by the end of the decade. A separate COP28 agreement, reached earlier, makes operations a hardfought fund for addressing the losses and damages of climate change. “An agreement is only as good as it’s implementation. We are what we do, not what we say,” Al Jaber said. “We must take the steps necessary to turn this agreement into tangible actions.”
An ‘historic’ (11:30 a.m.) COP
“When the dust settles and dawn breaks, this will be seen as one of the most historic COPs,” said Avinash Persaud, special climate envoy to the prime minister of Barbados. He said achievements at COP28 include operationalising a loss and damage fund, recapitalising the Green Climate Fund and orchestrating an international climate finance system that prepares for new levies alongside emboldened development banks and new private sector flows. “Today, we have committed to triple renewable investments and have a just transition from fossil fuels,” he says.
Fossil fuel transition rapidly adopted (11.15 a.m.)
To huge rounds of applause, Al Jaber quickly gavelled through the decision on the Global Stocktake, which promises to transition away from fossil fuels. “We should be proud of our historic achievement,” he says in a speech. The world needed to find a new way. By following our north star, we have found that new path.” “We have delivered a comprehensive response to the global stocktake and all other mandates, together, we have confronted the realities and sent the world in the right direction.”
Canada’s Guilbeault says COP28 deal could be ‘historic’ (10:30 a.m.)
Canada’s climate minister Steven Guilbeault said the new text “could amount to a historic agreement” as it addresses the impacts of polluting and harmful energy sources, and shapes a path towards alternatives “The package is not perfect, no text UN is,” he said in a statement. But, as someone who has been in this space for more than 20 years, I see a vision we can rally around to keep 1,5C within reach and protect people and ecosystems.” Guilbeault said the package is “a call to action” to all countries, cities, provinces, indigenous nations, businesses and citizens. “The next two years are of highest importance to step up our efforts on climate, adaptation and nature,” he said. “Hard work remains.”
Thumbs-up from China’s climate envoy (10:45 a.m)
China’s climate envoy Xie Zhenua walked in to the plenary that is about to start, beaming and with thumbs up. He told reporters he was happy about the latest text. This could be his last COP, at least on behalf of the Beijing government. Xie (74) has become a fixture of global climate diplomacy for more than a decade, but will retire after COP28. He may have got his wish to end on a high.
New draft calls for economy-wide emissions cuts (10:15 a.m.)
The proposed agreement makes clear — for the very first time — that countries’Paris Agreement pledges should set “ambitious, economy-wide emission reduction targets” that cover all greenhouse gases, sectors and categories. One advisor noted that while the provision is decidedly unglamorous, it’s hugely significant for driving more aggressive action that goes far beyond the energy sector and carbon dioxide. Countries’ formal emission-cutting pledges, known as nationally determined contributions, should be “aligned with limiting global warming to 1,5C, as informed by the latest science, in the light of different national circumstances,” under the draft agreement. Notably, the call for higher ambition is not just reserved for developed countries, but all nations, keeping in mind their varying circumstances. The language neatly mirrors a call by the world’s top two emitters — China and the — who united weeks before the summit US in asserting that the next round of pledges, for 2035, should be economy-wide, bringing in all greenhouse gases and reflecting reductions aligned with Paris temperature goals. COP28 summit looks set to close with a call for a global transition away from fossil fuels, the first time such an agreement is reached in nearly three decades of climate talks
Coal may have been sacrificed for fossil fuel win (09:40 a.m.)
The new COP28 proposal would have countries “accelerating efforts towards the phase down of unabated coal power”— a shift from Monday’s version that envisioned “rapidly phasing down unabated coal and limitations on permitting new and unabated coal power generation.” negotiators had US fought for language that singled out coal, and the earlier iteration clearly targeted the permitting of new plants using the fuel — wording that took a swipe at China, India and other countries. Dropping that permitting piece is seen as a possible sop for India that could bring it on board with broader language on fossil fuels.
Saudis likely to accept fossil fuel transition (9:09 a.m.)
The transition away from fossil fuels is acceptable for Saudi Arabia because it allows them flexibility on the path they need to take to cut emissions, a person familiar with the kingdom’s position said. Energy Minister Abdulaziz bin Salman was personally involved in negotiations and was seen walking into the presidency’s office late last night in Dubai’s Expo centre.
Will China, India agree to net zero by 2050? (8:53 a.m.)
A key paragraph in the new draft text commits countries to transitioning away from fossil fuels “so as to achieve net zero by 2050 in keeping with the science”. But that will be unacceptable to many key countries, including China and India that have set net zero targets for post mid-century. China aims for it in 2060 and India in 2070. So would they agree to the wording in the new draft? That will be worth watching when countries speak at the plenary, which is scheduled for 10am.
‘Could’ no longer in fossil fuel text (8:37 a.m.)
There’s always a fight over modal verbs at COP, and this year it’s over how strongly countries should be compelled to act on fossil fuels. An earlier version of the text, released Monday, had been panned by the US, EU, and other nations, for presenting a mere menu of options they “could” take to cut greenhouse gases. The new proposal deletes “could” and “calls on”countries to contribute to an array of specified “global efforts,” including tripling renewable energy capacity globally, doubling the global average annual rate of efficiency improvements by 2030 and “transitioning away from fossil fuels in energy systems.”
All eyes on a fight on the plenary floor (8.11 a.m.)
While the deal currently contains much stronger language on moving away from fossil fuels, the big fight may well lie ahead. Any standoff will likely take place at a plenary gathering of ministers scheduled for 10 a.m. — a start time that is likely to be delayed. That’s where any opponents will make one final push to make their voices heard by demanding last-minute revisions to the text. In Glasgow at COP26, India managed to shift language around an “unabated” coal phase out to the weaker “phase down” phrasing, in an intervention that was seen as also representing a bigger polluter, China. The question is whether Saudi Arabia or its peers will be willing to take an equally public stance as key opponents to a transition away from fossil fuels.
Methane set to receive mention for first time (8:06 a.m.)
Under the proposed text, countries would for the first time be agreeing to go beyond simply targeting CO2, broadening their work to include other greenhouse gases. The deal would call on nations to accelerate and substantially reduce those emissions globally, “including in particular methane emissions by 2030.” That’s a recognition of the heat-trapping potential of methane, fluorinated gases and nitrous oxide — which are far more potent than carbon dioxide when it comes to driving temperatures higher. It’s also a sign of how voluntary deals unveiled on the sidelines of the climate summits can UN eventually find their way into negotiated text. The methane language emerges from a voluntary global methane pledge the EU and launched two years ago that has US now enrolled more than 150 countries as members. However, the language is softer than an earlier option considered by negotiators, which would have laid out specific emissions-cutting targets, including an at least 30 percent reduction in methane by the end of the decade and a 40 percent reduction by 2035.
reactions filter in (7.42 a.m.) NGO
The Natural Resources Defence Council, a climate non-profit, said the mention of fossil fuels in the latest text was much stronger than early versions, sending a signal that a century dominated by dirty energy is rapidly coming to an end. The text points to the end goal for carbon as “zero by 2050” and demands that the world accelerates action “in this critical decade.” said while the wording could be NRDC still reinforced to include all fossil fuels — not just those in the energy system — the signal is clear that the end of the fossil-fuel era has come.
Developing countries win concessions (7.36 a.m.)
The COP28 presidency has looked to give emerging nations a number of wins to get a final agreement over the line. In addition to allowing for different transition pathways, the proposal emphasizes that finance and technology transfer are “critical enablers of climate action.” That yields to a push from developing economies struggling to balance the need to grow their economies with the need to slash emissions. Wealthier nations also came in for criticism over progress thus far. “Parties and the Intergovernmental Panel on Climate Change had earlier indicated that developed countries must reduce emissions by 25–40 percent below 1990 levels by 2020,” the text says. “Which was not achieved.”
Countries have different transition pathways in draft deal (7.25 a.m.)
The key change in the current draft is a shift away from “reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner” in a key section of the text. Instead, the new document calls on countries to start “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science.” Nations voting in favour of this version would agree that there is a “need for deep, rapid and sustained reductions in greenhouse gas emissions in line with 1,5C pathways.”They would be called upon to take a variety of “steps” to address them, charting their own paths “in a nationally determined manner.” The phrasing reflects a principle that countries have common but differentiated responsibilities when it comes to addressing climate change.
New draft calls for fossil fuel transition (7:09 a.m.)
The latest draft deal, likely the one the COP28 Presidency tries to take into the final plenary, calls for a transition away from fossil fuels to enable the world to reach net zero by 2050. It’s a stronger text than Monday’s draft but could yet face a last-minute Saudi objection. The text also added a line saying that transitional fuels — which, for developing nations include gas — can play a role in the shift away from carbon. A line on limiting new coal-power generation was omitted, but countries are called upon to accelerate the phase-down of unabated use of the dirty fuel.
carbon market at risk as COP28 UN split on rules (5.49 a.m.)
The fate of a United Nations-overseen emissions market that could help channel climate finance to poor countries is in doubt as nations at the COP28 conference are at odds over its rules. The European Union and some Latin American countries rejected recommendations on the functioning of the mechanism. An attempt last night failed to secure a compromise, according to people with knowledge of the matter. A lack of endorsement of the standards proposed by the market’s supervisory body would mean a delay in making the market operational and no clarity on the next steps. At stake is a mechanism enabled by the Paris Agreement that would allow companies compensate for some pollution at home by investing in projects in developing countries to cut emissions or remove carbon dioxide from the atmosphere.
Saudi oil minister arrives to meet COP28 officials (12:30 a.m.)
Saudi Energy Minister Prince Abdulaziz bin Salman arrived at the presidency shortly after midnight. He walked past reporters, listening to an aide reading from a mobile phone. This is an important meeting — if Saudi Arabia agrees to something close to the proposed draft, we’re pretty close to the end.
New COP28 draft demands swifter fossil fuel transition (12:12 a.m.)
A copy of the compromise text under discussion was seen by Bloomberg News. It represents a more forceful assertion of the world’s commitment to cutting greenhouse gas emissions while steering clear of polarising promises to “phase out” fossil fuels that had drawn fire from Saudi Arabia and other oil-producing nations.
India suggests fossil fuel language needs caveats (10:03 p.m.)
India’s chief negotiator Naresh Pal Gangwar met the COP28 presidency as part of the group, alongside China, South Africa BASIC and Brazil. On fossil fuel language, he said they suggested that the presidency must take into consideration countries’“different circumstances” and varying stages of economic development.
president meetings will COP continue until 3 a.m. (9:38 p.m.)
“Overnight and throughout today, the COP28 president and his team have been engaging in extensive consultations with a wide representation of negotiating groups and parties,” a COP28 spokesperson said in a statement. “This is to ensure everyone is heard, and all views are considered. He is determined to deliver a version of the text that has the support of all parties. Consultations will continue until 03:00AM GST.”
Kerry says new deal text is stronger on fossil fuels (9:23 p.m.)
climate envoy John Kerry said “proUS gress is moving in the right direction” as he emerged from a meeting with other key ministers and the presidency minUAE utes ago. The text had already been made stronger on fossil fuels, he said, and there had been “a lot of good effort” on financial commitments. The text is “in a very different place from where we were yesterday, and it reflects the consultative process,” Kerry told reporters. “People have listened very carefully and there’s a lot of good faith on the table right now — people trying to move to a better place.” Kerry said the talks were setting up a potential release of the next draft “in the wee hours of the night.”
Canada seemed pleased by the direction of talks (9:06 p.m.)
Canadian climate minister Steven Guilbeault said the 1,5C temperature target laid out by the Paris Agreement was“absolutely” still alive after he left a meeting with COP28 President Sultan Al Jaber. “We keep 1,5C within reach,” he told reporters.“I leave the meeting encouraged. Much more than yesterday.”
Norway’s minister steps out of office in upbeat mood UNFCCC (8:52 p.m.)
Walking out of the pavilion NorUNFCCC way’s Foreign Affairs Minister Espen Barth Eide said discussions are “positively progressive.” Earlier this evening, the minister told Bloomberg News there are still major items to agree upon. “There is serious work going on to make a text we can commit to, with stronger language on mitigation and adaptation, but it’s not done — there will be stronger language on adaptation and mitigation, but exactly what it is we’ll have to see,” he said.
Long night expected at expo city, despite deal optimism (8:45 p.m.)
Even if a deal is done in the next hour or so, it doesn’t necessarily mean COP28 will be able to wrap up tonight. A new text needs to be written, approved by lawyers and translated into five languages. Then there’s a lot of bureaucracy on the plenary floor that needs to be agreed before negotiators can even start to talk about the crucial fossil fuel wording.
minister’s trip home hasn’t sat UK well with Tory opponents (8:38 p.m.)
The government has been under critUK icism at home today after Graham Stuart, the minister responsible for COP, flew home. Instead, Richard Benyon a minister in both the environment department and foreign office, was present at a key huddle of ministers with Kerry as talks neared to a close.
climate envoy says he’s working US on a stronger deal (8:20 p.m.)
climate envoy John Kerry struck an US optimistic tone before heading into a meeting in the presidency office with COP ministers from Canada, Japan, Norway and other nations. “We’re working very hard for that,” he said, referring to a stronger deal. “I’m confident that we are going to see a different text,” he told Bloomberg News. “But, you know, we are working on that. I’m hopeful. I really am. Hopeful.” Just before going into the meeting, ministers gathered for an impromptu huddle. Kerry smiled as he spoke to the assembled negotiators, at one point slapping two on the back. Music from a nearby restaurant thrummed in the background.
COP28 CEO Amin says we’re on cusp of a deal (8:15 p.m.)
There’s a sudden mood of optimism around Expo City. COP28 CEO Adnan Amin, a key lieutenant of the summit’s president, Sultan Al Jaber, just told Bloomberg we’re on the cusp of a deal. Meanwhile, a big group of ministers is waiting outside the presidency office for a briefing. — Bloomberg