COP27 climate summit missed chance for ambition on fossil fuels, critics say
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
February 04, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, FEBRUARY 04, 2023
COP27 climate summit missed chance for ambition on fossil fuels, critics say

Climate Change

Reuters
28 November, 2022, 12:15 pm
Last modified: 28 November, 2022, 01:07 pm

Related News

  • COP-27 safeguarded interest of fossil fuel rich nations: Civil society
  • To Activate Hope, Activate Capital
  • UN chief to convene 'no-nonsense' climate summit in 2023
  • Crunch UN biodiversity meeting seeks to save 'planet in crisis'
  • Bangladesh's role in COP27 negotiations highlighted

COP27 climate summit missed chance for ambition on fossil fuels, critics say

Reuters
28 November, 2022, 12:15 pm
Last modified: 28 November, 2022, 01:07 pm
A view shows a plane flying over Sharm El-Sheikh during the COP27 climate summit in the Red Sea resort of Sharm el-Sheikh, Egypt November 9, 2022. REUTERS/Mohamed Abd El Ghany
A view shows a plane flying over Sharm El-Sheikh during the COP27 climate summit in the Red Sea resort of Sharm el-Sheikh, Egypt November 9, 2022. REUTERS/Mohamed Abd El Ghany

Fossil fuel producers benefited from sympathetic treatment in Egypt at the COP27 climate talks, government officials said, bringing their influence to bear in rushed final negotiations and frustrating those who hoped for a more ambitious outcome.

Officials said the host Egypt, a natural gas exporter and frequent recipient of funds from Gulf oil producers, was partly responsible, although the war in Ukraine and the subsequent European energy crisis also had an impact.

Egyptian officials have said their priority was to provide a conducive atmosphere for negotiations and act as a neutral mediator. The presidency denied that fossil fuel producers had been given sympathetic treatment.

"The end decision at COP27 was a compilation of inputs reached by consensus of all the UNFCCC parties who were all consulted," it said in a statement, referring to nearly 200 countries taking part in the summit under the UN Framework Convention on Climate Change.

Demands from environmental groups and scientists that governments and companies should leave oil and gas in the ground have had less traction this year, since European countries have scrambled to replace Russian gas.

The COP27 meeting yielded mixed results, with a hard-fought agreement on a fund for countries most harmed by climate change being welcomed by vulnerable nations, but a cover text that some officials said lacked ambition due to the influence of fossil fuel producers. The cover text summarises key outcomes of the summit.

"The cover decision and the mitigation work program does not fully reflect the urgency of the climate crisis and did indeed cater too much to the more fossil and backward-looking forces," said Espen Barth Eide, Norway's minister of climate and environment.

Some of the countries that had pushed hardest for the new fund for loss and damage simultaneously tried to weaken language around phasing down fossil fuels, he added.

LOW-EMISSION ENERGY

The COP27 agreements are in line with what came out of the Glasgow meeting last year, to accelerate "efforts towards the phasedown of unabated coal power and phase-out of inefficient fossil fuel subsidies", rather than being strengthened to phasing down fossil fuels as some countries had pushed for.

It also included a new reference to "low emission and renewable energy". The Egyptian presidency said the language reflected part of the "just transition" adopted by all parties, which includes the use of hydrogen and nuclear energy to reduce emissions.

Egypt's COP27 President Sameh Shoukry acknowledged there had been "disappointment in certain quarters" but told reporters after the deal that "a single party cannot achieve all their ambition, and this does not take away from the value of what was reached".

For some, the Egyptian presidency had delivered a satisfactory deal by forging the agreement to set up a loss and damage fund. The idea had been resisted for years by some of the largest emitters, such as the United States and Europe, who were worried about the extent of liabilities.

Loss and damage was "the one thing we wanted a lot for ages, and that being solved at a COP being hosted by a developing country, that in itself is a great win because it shows their diplomatic strength," said Selamawit Wubet, an adviser to a group of countries highly vulnerable to climate change.

But climate activists and some delegates said little progress had been made on most other issues, contending that the tone had been set by fossil fuel producers who played a more public and prominent role in Sharm el-Sheikh than at previous summits.

'DIFFICULT TRANSITION'

"It has now become quite clear that the transition away from fossil fuels is going to be a difficult one," said Pakistan's UN Ambassador Munir Akram, citing the impact of the war in Ukraine.

In the final 24 hours, the COP presidency held a meeting where calls from negotiators from countries and groups including Switzerland, the United States, Latin America and small island states, for Egypt to include language initially proposed by India to phase down all fossil fuels were unheeded, officials said. At least 80 countries supported such language, they said.

Some negotiators expressed concern that Egypt had advanced its proposal without thorough consultation, as major emitters and producers took a stand against more ambitious goals on limiting fossil fuel use.

The Egyptian presidency told Reuters the process was "praised by all parties for being focused and streamlined".

"The issue of phasing down all fossil fuels was not agreed upon by many countries," it said.

ALL NIGHT TALKS

Ahead of the final plenary meeting where a deal was struck just after 5:30 a.m. local time, a Reuters reporter saw some delegates caught off guard by the presidency's last-minute announcement of the session. Guards had to wake up some delegates sleeping on couches and chairs outside the plenary hall after 3 a.m., instructing them to go inside.

"It was very rushed towards the end," said Shauna Aminath, Maldives environment minister. "The normal procedure is that there would be more consultation and open dialogue on these things," she said.

The European Union, which had threatened to walk out, fell reluctantly in line to preserve the deal on loss and damage.

Egypt will hold the COP presidency until it hands over to the United Arab Emirates, an ally and a major hydrocarbon producer, in just under a year.

"Holding COPs in petro-states may seem counterproductive but actually we can't ignore these countries. They need to be engaged in the process and putting pressure on them as a COP host may provide bigger gains," said Mohamed Adow, founder of think tank Power Shift Africa.

Top News / World+Biz

COP27 / COP27 summit / climate summit / Climate crisis

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Is the IMF to blame for growing pressure on your wallet?
    Is the IMF to blame for growing pressure on your wallet?
  • Dr Salehuddin Ahmed. Illustration: TBS
    Reforms in banking must to sustain financial sector
  • Why 2012 reforms were not done is a million-dollar question
    Why 2012 reforms were not done is a million-dollar question

MOST VIEWED

  • Photo: TBS
    Brac, US embassy to work for empowering young girls in coastal regions
  • Early climate adaptation investment could save Bangladesh billions by 2030: Study
    Early climate adaptation investment could save Bangladesh billions by 2030: Study
  • Photo: K M Asad
    Early climate adaptation investment could save Bangladesh billions by 2030: Study
  • This is not only a question of political wishful thinking but also a good economics Photo: Reuters
    COP-27 safeguarded interest of fossil fuel rich nations: Civil society
  • 'Dev partners should strongly support climate change related actions of LDCs'
    'Dev partners should strongly support climate change related actions of LDCs'
  • Unplanned urbanisation damages cultivable lands. Photo: Mumit M
    Rapid urbanisation blamed for most damage to nature

Related News

  • COP-27 safeguarded interest of fossil fuel rich nations: Civil society
  • To Activate Hope, Activate Capital
  • UN chief to convene 'no-nonsense' climate summit in 2023
  • Crunch UN biodiversity meeting seeks to save 'planet in crisis'
  • Bangladesh's role in COP27 negotiations highlighted

Features

Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

15h | Panorama
Photo: Rejaul Hafiz Rahi

A jackal farewell

16h | Earth
The trio spearheading the revival of book cover designs

The trio spearheading the revival of book cover designs

17h | Panorama
Six Jeep Wranglers and a special XJ Jeep Cherokee set out into the depths of Lalakhal, Sylhet for an experience of a lifetime. Photo: Ahbaar Mohammad

Jeep Life Bangladesh: A club for Jeep owners to harness the power of their vehicles

1d | Wheels

More Videos from TBS

A proper price formula can help investors to plan big

A proper price formula can help investors to plan big

1d | TBS Round Table
Rumors about Sarika that everyone thinks are true

Rumors about Sarika that everyone thinks are true

1d | TBS Entertainment
Mugging rife in Tejgaon, murder in Wari

Mugging rife in Tejgaon, murder in Wari

1d | TBS Current Affairs
What secrets are hidden behind Adani's wealth?

What secrets are hidden behind Adani's wealth?

1d | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Photo: Collected
Energy

8 Ctg power plants out of production

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net