Saturday, April 27, 2024

Trending Topics

HomeBusinessAl Gore Warns Countries Trying To Walk Back COP28 Fossil Fuel Pledge

Al Gore Warns Countries Trying To Walk Back COP28 Fossil Fuel Pledge

spot_img

(Bloomberg) — Some countries are trying to wiggle out of the landmark agreement reached at the COP28 climate summit to transition away from fossil fuels, according to former US Vice President Al Gore. At the United Nations conference in Dubai, 197 nations agreed to accelerate the removal of fossil fuels from their energy systems this decade and eliminate them by mid-century. But some are now claiming that part of the pledge is opti.

. . (Bloomberg) — Some countries are trying to wiggle out of the landmark agreement reached at the COP28 climate summit to transition away from fossil fuels, according to former US Vice President Al Gore.

At the United Nations conference in Dubai, 197 nations agreed to accelerate the removal of fossil fuels from their energy systems this decade and eliminate them by mid-century. But some are now claiming that part of the pledge is optional, Gore, who is chairman of Generation Investment Management, said in a interview on the sidelines of the World Economic Forum in Davos, Switzerland. “Some of those who signed on to that pledge are now trying to claim it was optional and trying to walk it back a little bit,” said Gore, who didn’t name specific countries.

“There are so many loopholes and so many tricky phrases. ” The pledge was lauded as a turning point for global climate diplomacy because it directly addressed the source of global warming — fossil fuels that generate planet-warming greenhouse gases when burned. It was a small step forward even as 2023 was declared as the hottest year on record and extreme weather events wrecked havoc across the globe.

But the language of the deal is still open to interpretation. Saudi Arabia Energy Minister Abdulaziz bin Salman pointed out at a forum in Riyadh on Jan. 10 that the start of the paragraph in the COP28 decision that deals with transitioning away from fossil fuels merely “calls on” countries to “contribute.

” That also applies to key pledges including tripling global renewable power capacity by 2030. “All of that language enabled everybody to believe that all of these eight items are choices,” he said. “What we have achieved are choices that people can pick based on their nationally determined circumstances and, of course, pathways and approaches of their own choice.

” Gore is also advocating for reform of the diplomatic process underpinning the annual climate summits known as the Conference of Parties, or COP. “The world’s getting understandably impatient and frustrated that these conferences are rigged,” Gore said. “The deck is stacked in favor of the fossil industry.

” As with other processes under the UN umbrella, decisions including which country gets to host are reached by consensus. That means any nation has a right to veto, a requirement that often ends up with deals reflecting only the minimum of what any one country is willing to do. “It took 28 years of COPs before we could even use the phrase ‘fossil fuel’,” Gore said.

“The climate crisis is a fossil fuel crisis and yet it’s taken this long to overcome this resistance and even naming that problem. ” Questioning of the COP process ramped up last year as the United Arab Emirates, a major oil and gas producer, became the host country and named Sultan Al Jaber, chief executive officer of the Abu Dhabi state-owned oil company Adnoc, as COP28 president. This year, Azerbaijan will host COP29, with former oil executive Mukhtar Babayev as president.

“The percentage of oil and gas revenue coming in for Azerbaijan, the host of this COP, is even larger than it was in the Emirates,” Gore said. “It’s not that they’re bad people or have bad intentions — it’s that they have a structural conflict of interest. ” More stories like this are available on bloomberg.

com ©2024 Bloomberg L. P. .


From: bloombergquint
URL: https://www.ndtvprofit.com/davos/davos-latest-al-gore-says-nations-backtracking-on-cop28-deal

DTN
DTN
Dubai Tech News is the leading source of information for people working in the technology industry. We provide daily news coverage, keeping you abreast of the latest trends and developments in this exciting and rapidly growing sector.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Must Read

Related News