Financial Times, future of fossil fuels leaves nations at odds ahead of UN climate summit

A group of 15 nations, including France, Spain, Ireland, Kenya, and others, have called for the phasing out of fossil fuel production in preliminary talks ahead of the UN climate summit (#COP28).

After discussions over the past two days in Abu Dhabi in preparation for the #COP28 summit that kicks off in the United Arab Emirates on November 30, the group of 15 nations known as the High Ambition Coalition joined a cohort of countries pushing for a global accord to dump #oilandgas.

“Fossil fuels are at the root of this crisis. We must work together to develop a comprehensive global #cleanenergy access approach to accelerate the transition away from #fossilfuels,” said a statement signed by 15 ministers, including some from poorer countries such as Ethiopia, Vanuatu and Samoa.

The production and use of fossil fuels needed to be wound down, including an “urgent phase-out of #coal-fired #powergeneration”, the group said, while at the same time #renewableenergy capacity was tripled by 2030.

They called for an urgent phase-out of coal-fired power generation and the tripling of renewable energy capacity by 2030. The coalition also stressed that technologies like carbon capture and storage (#CCS) should not be used to delay climate action. However, there is still disagreement among nations regarding a global accord to end new oil and gas projects in the lead-up to the climate summit.

Authors: Attracta Mooney in London and Aime Williams in Washington

Read the full article at: Financial Times