New COP26 draft weakens wording on fossil fuels 
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

Monday
February 06, 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
MONDAY, FEBRUARY 06, 2023
New COP26 draft weakens wording on fossil fuels 

World+Biz

Reuters
12 November, 2021, 03:00 pm
Last modified: 12 November, 2021, 03:05 pm

Related News

  • China backs Glasgow language on warming targets for COP27 deal
  • Fossil fuel dependence risks current and future health: Experts
  • The issue of loss and damage at COP26: Progress and frustrations
  • Climate change 2021: There's no turning back now
  • Global oil CEOs stress need for fossil fuels despite push for cleaner energy

New COP26 draft weakens wording on fossil fuels 

Now the text includes the word “unabated” before coal, and the phase-out of “inefficient” subsidies for fossil fuels.

Reuters
12 November, 2021, 03:00 pm
Last modified: 12 November, 2021, 03:05 pm
A delegate walks past a picture showing the Earth at night at the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 11, 2021. REUTERS/Yves Herman
A delegate walks past a picture showing the Earth at night at the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 11, 2021. REUTERS/Yves Herman

A new draft document from the United Nations climate summit was published on Friday morning, with a weakening of language around the phasing out of fossil fuels to try to reach agreement between the nearly 200 nations present in Glasgow.

The new draft https://unfccc.int/sites/default/files/resource/Overarching_decision_1-C... included two words on fossil fuels that dilute an earlier draft, which had baldly stated that the world should pledge to stop subsidies for fossil fuels in general, and phase them out.

Now the text includes the word "unabated" before coal, and the phase-out of "inefficient" subsidies for fossil fuels.

Arab nations, many of which are big producers of oil and gas, had objected to the fossil fuel wording in the earlier draft.

The paragraph now reads: "(COP26) calls upon Parties to accelerate the development, deployment and dissemination of technologies and the adoption of policies for the transition towards low-emission energy systems, including by rapidly scaling up clean power generation and accelerating the phase-out of unabated coal power and of inefficient subsidies for fossil fuels."

Climate Change

COP26 climate summit / COP26 in Glasgow / fossil fuels 

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

  • A man walks past by a collapsed building after an earthquake in Malatya, Turkey February 6, 2023. Depo Photos via REUTERS
    Over 360 dead, many trapped under rubble as 7.9 magnitude quake rocks Turkey and Syria
  • LC issues lead to severe shortage of surgical equipment
    LC issues lead to severe shortage of surgical equipment
  • How govt is losing dividend from six listed firms
    How govt is losing dividend from six listed firms

MOST VIEWED

  • People shop for cooking oil made from oil palms at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan/Files
    Indonesia to suspend some palm oil export permits - senior official
  • A man sits in the remains of his home that was destroyed in the village of Pandiruppu on Sri Lanka's east coast January 6, 2005. REUTERS/Kieran Doherty
    Deadliest earthquakes in recent times
  • The Adani Group headquarters in Ahmedabad. Photo: Bloomberg
    Adani Group plans to trim its capital spending plans amid Hindenburg row: Report
  • A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato/File Photo
    Asian spot LNG prices decline, but enough to tempt buyers?
  • Single-use plastic waste rises from 2019-2021 despite pledges
    Single-use plastic waste rises from 2019-2021 despite pledges
  • Photo: Collected
    Indonesia 2022 GDP growth races to 9-year high on strong exports

Related News

  • China backs Glasgow language on warming targets for COP27 deal
  • Fossil fuel dependence risks current and future health: Experts
  • The issue of loss and damage at COP26: Progress and frustrations
  • Climate change 2021: There's no turning back now
  • Global oil CEOs stress need for fossil fuels despite push for cleaner energy

Features

Photo: Collected

Get your partner a lovely present this Valentine's Day

2h | Brands
Pottery Wheel Craft Kit: A creative outlet for little hands

Pottery Wheel Craft Kit: A creative outlet for little hands

1h | Brands
Say it with Colours

Say it with Colours

1d | Mode
Photo: Courtesy

From 'Made in Bangladesh' to 'Designed in Bangladesh'

1d | Panorama

More Videos from TBS

Stage plays are going on in the digital age

Stage plays are going on in the digital age

1h | TBS Stories
Why does all the versatile roles go to Jisan?

Why does all the versatile roles go to Jisan?

1h | TBS Entertainment
ICB to withdraw Padma Bank Investment as return

ICB to withdraw Padma Bank Investment as return

18h | TBS Insight
Kiara Advani & Sidharth Malhotra's Wedding Update

Kiara Advani & Sidharth Malhotra's Wedding Update

18h | TBS Entertainment

Most Read

1
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

2
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

3
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

4
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

5
Photo: Collected
Startups

ShopUp secures $30m debt financing to boost expansion, supply chain

6
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

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