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World can't 'unplug' existing energy system: COP28 head


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World can't 'unplug' existing energy system: COP28 head

By by Robbie Corey-Boulet with Imran Marashli in Paris
Riyadh (AFP) Oct 8, 2023
The president of the upcoming COP28 climate talks in Dubai called on Sunday for governments to abandon "fantasies" such as hastily ditching existing energy infrastructure in pursuit of climate goals.

"We cannot unplug the energy system of today before we build the new system of tomorrow. It is simply not practical or possible," Sultan Al Jaber said during the opening session of Middle East and North Africa (MENA) Climate Week, a UN-organised conference hosted in the Saudi capital Riyadh.

"We must separate facts from fiction, reality from fantasies, impact from ideology, and we must ensure that we avoid the traps of division and distraction."

Much of international climate diplomacy revolves around the thorny issue of how and when to quit fossil fuels.

At COP26 in Glasgow in 2021, countries agreed to phase down "unabated coal", the first time a fossil fuel was explicitly mentioned in a final text.

But efforts since then to extend such a target to all fossil fuels have foundered, most recently at last month's G20 summit in India.

Climate activists have criticised the appointment of Jaber to lead the COP28 talks which kick off in Dubai in November, given that he is also head of the Emirati state-owned oil firm ADNOC.

But Jaber has garnered the support of COP parties including US climate envoy John Kerry, partly by emphasising his belief that "the phase-down of fossil fuels is inevitable".

Energy officials in the United Arab Emirates and other oil-producing countries -- notably Saudi Arabia, the world's biggest oil exporter -- have argued for continued investments in fossil fuels to ensure energy security even as they eye an eventual transition away from them.

- Finding funds -

The vast and fractured landscape of climate finance is the other major stumbling block in climate negotiations.

Developing countries least responsible for climate change are seeking money from richer polluters to adapt to its increasingly destructive and expensive consequences.

In 2009, rich countries pledged to supply $100 billion of climate finance every year to developing nations but failed to meet the 2020 deadline. There are hopes the goal will be met this year.

"Old promises must be kept, including the $100 billion pledge made over a decade ago," Jaber said on Sunday.

Last year's COP27 talks in Sharm el-Sheikh, Egypt, ended with the first ever creation of a "loss and damage" fund into which countries would pay to support poorer nations suffering the most from more intense and frequent storms, floods and droughts.

The fund's operation, governance, location, contributors, beneficiaries and a timeline for payouts are all up in the air ahead of COP28.

"We must make the fund for loss and damage that was promised in Sharm el-Sheikh a reality in Dubai," Jaber said.

- Climate 'crossroads' -

The talks in Riyadh are intended to "shine a spotlight on challenges and solutions in a region that is among the most vulnerable to the effects of climate change," organisers said in a press release on Sunday.

The region must already grapple with high temperatures and water scarcity, with more than 60 percent of the population having "very little if any access to potable water", the statement said.

"Increasing temperatures are predicted to lead to more persistent and acute drought," it added.

Jaber also highlighted challenges facing the region, referring to extreme events like hurricane-strength Storm Daniel, which last month caused two dams in eastern Libya to burst and flood the city of Derna.

"Climate change isn't a threat waiting around the corner -- the MENA region knows this from first-hand experience with fierce heatwaves and water shortages," said Inger Andersen, executive director of the UN Environment Programme.

Simon Stiell, executive secretary of UN Climate Change, said the region was "at a crossroads, facing not only the devastating impacts of climate change but also the challenge of transitioning their economies to ensure prosperity in a 1.5C aligned world."

The goal of limiting warming to 1.5 degrees Celsius above pre-industrial levels was set at the 2015 climate talks in Paris.


Artificial Intelligence Analysis

Defense Industry Analyst:

9/10

Stock Market Analyst:

7/10

General Industry Analyst:

8/10

Analyst

Summary

: The president of the upcoming COP28 climate talks in Dubai, Sultan Al Jaber, has called on governments to abandon “fantasies” such as hastily ditching existing energy infrastructure in pursuit of climate goals. He argued that it is not practical or possible to abruptly transition away from the current energy system without a carefully planned approach. Jaber has also expressed his belief that the phase down of fossil fuels is inevitable. This assessment is in line with the international climate negotiations of recent years, such as the agreement to phase down “unabated coal” at the COP26 in Glasgow in 202

  • 1. However, efforts to extend such a target to all fossil fuels have faced difficulty, most recently at the G20 summit in India.

    This article is reflective of the greater trend of transitioning away from fossil fuels that has been occurring in the space and defense industry over the past 25 years. At the same time, it highlights the practical and financial challenges that are associated with this transition, as well as the need for governments to ensure energy security even as they move away from fossil fuels. The COP28 presidents call for a more reasoned approach to transitioning away from existing energy systems and his affirmation of the inevitability of the phase down of fossil fuels is in line with the prevailing trend in the space and defense industry and should be taken into account in the development of future strategies.

    Investigative

    Question:

    • 1. What are the most effective strategies for transitioning away from existing energy infrastructure?

    • 2. How can governments ensure energy security during the transition to a fossil fuel-free energy system?

    • 3.
    What are the most significant economic impacts of the phase down of fossil fuels?

    4. What are the most effective ways of finding the necessary funds for transitioning away from fossil fuels?

    5. What are the potential implications of international climate diplomacy on the space and defense industry?

    This AI report is generated by a sophisticated prompt to a ChatGPT API. Our editors clean text for presentation, but preserve AI thought for our collective observation. Please comment and ask questions about AI use by Spacedaily. We appreciate your support and contribution to better trade news.


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