COP31 talks face early friction over future of fossil fuels
Detailed summary
ANTALYA, Turkey, Nov 13 (Reuters) - Big fossil fuel producers and consumers at the COP31 climate talks are resisting any deal that would specify firm new targets or a shift away…
ANTALYA, Turkey, Nov 13 (Reuters) - Big fossil fuel producers and consumers at the COP31 climate talks are resisting any deal that would specify firm new targets or a shift away from oil, gas and coal, observers said on Friday as the first week of talks drew to a close.
That poses a challenge for summit host Turkey and lead negotiator Australia, which has another week to land the kind of ambitious agreement climate advocates say is needed to address the worsening impacts of global warming.
"Positions are still quite entrenched in terms of where they are, but that's pretty normal at this stage," said Cosima Cassel, an observer to the talks from environmental group E3G.
Major oil producers such as Saudi Arabia and Russia have traditionally resisted language constraining fossil fuels, while large developing economies such as India have opposed measures they say could limit their development and energy choices, a dynamic that has compromised the outcomes of past deals.
The world’s biggest oil consumer, the United States, meanwhile, has skipped the talks for the second year in a row under President Donald Trump, who has called global warming a hoax and promoted continued use of fossil fuels.
The stance is at odds with the increasing severity of global warming, scientists and campaigners say.
A UN report last month found the world is on course to exceed the 1.5 degrees Celsius (2.7 degrees Fahrenheit) warming limit that countries had agreed to pursue under the 2015 Paris Agreement to prevent the worst effects of climate change.
As temperatures have risen, this year has been marked by extreme heatwaves across Western Europe and a glacier collapse in Nepal that triggered a flood that killed more than 1,450 people. Thousands more are still missing.
COP31 host Turkey is striving to place a proposal to expand global electrification at the centre of an eventual deal, saying the plan will lead to emissions cuts by speeding the shift away from fossil fuel-powered cars, boilers and…
Opening of the article, excerpted from Al-Monitor. To read the rest, open the article on the publisher's site.
MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (www.al-monitor.com)




