Fossil fuel phase-out among options on COP28 table

FILE PHOTO: A view shows emissions from the chimneys of Yara France plant in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe/File Photo
FILE PHOTO: A view shows emissions from the chimneys of Yara France plant in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe/File Photo

DUBAI, (Reuters) – Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part of the U.N. summit’s final deal to tackle global warming, a draft negotiating text seen today shows.

The proposal is certain to spark heated debate among the nearly 200 countries attending the two-week conference in Dubai, with Western governments pushing for the language to be included, while oil and gas producers are keen to leave it out.

Research published on Tuesday showed global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, fuelling concerns among scientists that efforts to combat climate change are not enough to avert its worst impacts.

The draft of what could be the final agreement from COP28, released by the U.N. climate body on Tuesday, proposed “an orderly and just phase-out of fossil fuels” which if adopted would mark the first global deal to end the oil age.

On the COP28 main stage, the CEOs of several major energy firms argued in favour of oil and gas, highlighting their progress in areas such as cutting the greenhouse gas methane.

“We are big guys and we can do big things. We can deliver results and we will have to report them very soon,” said Jean Paul Prates, CEO of Brazil’s state-run oil company Petrobras. “The energy transition will only be valid if it’s a fair transition,” he added.

TotalEnergies CEO Patrick Pouyanne said a transition away from oil and gas would take a long time “so we need absolutely to produce oil and gas in a different way by slashing down emissions. And we can do it, we have the technology”.

“Of course it has a cost,” he said, “but it’s part of our licence to operate, I would say, for the future.”

At least 2,400 fossil fuel lobbyists registered for this year’s summit, an analysis of U.N. registration data published by Kick Big Polluters Out showed.

The lobbyists outnumbered the 1,609 delegates from the 10 most climate vulnerable countries combined, the international coalition of climate activist groups said.

Climate activists staged several small protests against the presence of the fossil fuel industry at the sprawling conference grounds. The Marshall Islands, meanwhile, unveiled a national plan to adapt to rising sea levels, a recognition that the impacts of warming are already hitting its shores.

“While we hope for a world where the world fulfils the promise of the Paris Agreement to contain climate change, as an extremely climate vulnerable country we need to be realistic and honest about the difficult path ahead,” said Kathy Jetnil-Kijiner, the country’s climate envoy.

NEGOTIATING TEXT

The draft text for a COP28 final deal includes three options for dealing with fossil fuels.

The first is “an orderly and just phase-out”. In U.N. parlance, the word “just” suggests wealthy nations with a long history of burning fossil fuels would phase out faster than others.

The second calls for “accelerating efforts towards phasing out unabated fossil fuels”. And a third would be to avoid mentioning a phase-out at all.

The United States, the 27 countries of the European Union and climate-vulnerable small island states are pushing for a fossil fuel phase-out to drive the deep CO2 emissions reductions scientists say are needed this decade.

Even so, none of the world’s major oil and gas-producing countries have plans to eventually stop drilling for those fuels, according to the Net Zero Tracker, an independent data consortium including Oxford University.

“We’re not talking about turning the tap off overnight,” German Climate Envoy Jennifer Morgan said. “What you’re seeing here is a real battle about what energy system of the future we are going to build together.”

Big producers including Saudi Arabia and Russia have resisted past proposals for a phase-out.

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told Bloomberg TV that his country would “absolutely not” agree to a deal that calls for a phase-down of fossil fuels.

David Waskow, director of World Resources Institute’s international climate initiative, said he does not think a COP28 outcome was possible without a clear mandate for moving away from global reliance on oil, gas and coal.

“I don’t think we’re going to leave Dubai without some clear language and some clear direction on shifting away from fossil fuels,” he added.

The draft text also includes language calling for the scaling up of carbon capture technology, which is likely to draw pushback from some countries worried such nascent technologies are being used to justify the continued use of fossil fuels.

FOSSIL FUEL EMISSIONS RISING

The Global Carbon Budget report said that CO2 emissions from coal, oil and gas are still rising, driven by India and China.

Countries are expected to emit a total 36.8 billion metric tons of CO2 from fossil fuels in 2023, a 1.1% increase from last year, the report by scientists from more than 90 institutions including the University of Exeter concluded.

The world’s overall emissions for this year, which reached a record high last year, have plateaued in 2023 due to a slightly better use of land, including a decline in deforestation. Emissions including land use are set to total 40.9 billion tons this year.

China’s fossil fuel emissions rose after it lifted COVID-19 restrictions, while India’s rise was a result of power demand growing faster than its renewable energy capacity, leaving fossil fuels to make up the shortfall.

The year’s emissions trajectory pulls the world further away from preventing global warming exceeding 1.5 degrees Celsius above pre-industrial times.