-
Kenya's economy faces climate change risks: World Bank
-
Cash handouts, fare hikes as Philippines battles soaring fuel costs
-
Indonesia weighs response to price pressures from Middle East war
-
In Hollywood, AI's no match for creativity, say top executives
-
Nvidia chief expects revenue of $1 trillion through 2027
-
Nvidia making AI module for outer space
-
Migrant workers bear brunt of Iran attacks in Gulf
-
Trump vows to 'take' Cuba as island reels from oil embargo
-
Equities rise on oil easing, with focus on Iran war and central banks
-
Nvidia rides 'claw' craze with AI agent platform
-
Damaged Russian tanker has 700 tonnes of fuel on board: Moscow
-
Talks towards international panel to tackle 'inequality emergency' begin at UN
-
EU talks energy as oil price soars
-
Swiss government rejects proposal to limit immigration
-
Ingredients of life discovered in Ryugu asteroid samples
-
Why Iranian drones are hard to stop
-
France threatens to block funds for India over climate inaction
-
"So proud": Irish hometown hails Oscar winner Jessie Buckley
-
European bank battle heats up as UniCredit swoops for Commerzbank
-
Italian bank UniCredit makes bid for Germany's Commerzbank
-
AI to drive growth despite geopolitics, Taiwan's Foxconn says
-
Filipinas seek abortions online in largely Catholic nation
-
'One Battle After Another' wins best picture Oscar
-
South Koreans bask in Oscars triumph for 'KPop Demon Hunters'
-
'One Battle After Another' dominates Oscars
-
Norway's Oscar winner 'Sentimental Value': a failing father seeks redemption
-
Indonesia firms in palm oil fraud probe supplied fuel majors
-
Milan-Cortina Paralympics end as a 'beacon of unity'
-
It's 'Sinners' vs 'One Battle' as Oscars day arrives
-
Oscars night: latest developments
-
US Fed expected to hold rates steady as Iran war roils outlook
-
It's 'Sinners' v 'One Battle' as Oscars day arrives
-
US mayors push back against data center boom as AI backlash grows
-
Who covers AI business blunders? Some insurers cautiously step up
-
Election campaign deepens Congo's generational divide
-
Courchevel super-G cancelled due to snow and fog
-
Middle East turmoil revives Norway push for Arctic drilling
-
Iran, US threaten attacks on oil facilities
-
Oscars: the 10 nominees for best picture
-
Spielberg defends ballet, opera after Chalamet snub
-
Kharg Island bombed, Trump says US to escort ships through Hormuz soon
-
Jurors mull evidence in social media addiction trial
-
UK govt warns petrol retailers against 'unfair practices' during Iran war
-
Mideast war cuts Hormuz strait transit to 77 ships: maritime data firm
-
How will US oil sanctions waiver help Russia?
-
Oil stays above $100, stocks slide tracking Mideast war
-
How Iranians are communicating through internet blackout
-
Global shipping industry caught in storm of war
-
Why is the dollar profiting from Middle East war?
-
Oil dips under $100, stocks back in green tracking Mideast war
COP28 talks no place to boost fossil fuels says ex-UN climate boss
The UN's former climate chief said she was "giving up hope" that fossil fuel firms will be part of the solution to warming as pivotal COP28 talks start Thursday in oil-rich United Arab Emirates.
With the UN climate negotiations expected to feature a showdown on the future of fossil fuels, Christiana Figueres expressed concern over reports the UAE planned to use its role as host to strike oil and gas deals.
Figueres, who led the UN climate convention when the landmark Paris deal was struck, told AFP that she had previously championed the idea that the world's polluting coal, oil and gas industries should "sit at the table".
"I'm actually giving up hope on that," she said, adding that it was "unforgivable" that the industries funnelled the bumper profits of recent years into shareholder dividends and lobbying efforts -- rather than invest in renewable energy technologies.
She also called for more transparency around fossil fuel influence from the COP presidency, which is held by the UAE's Sultan Al Jaber, who is also head of the Emirates state oil and gas company.
Reacting to BBC reports of leaked documents suggesting the UAE planned to exploit its role organising the climate conference to strike fossil fuel deals, Figueres said if true the claims would mark a "serious breach of the responsibility of the COP presidency".
"It is not a meeting to advance the interests of the oil and gas industry," she told PBS News in a linked interview hosted by the organisation Covering Climate Now.
"This is a convening of all the governments in the world to advance the protection of the planet... precisely because of the negative consequences of mostly the operation of the oil and gas industry."
Jaber strongly denied the BBC reports Wednesday, saying they were "false, not true, incorrect".
Global climate negotiations largely avoided mentioning fossil fuels for decades, until Glasgow's COP26 agreed to "phasedown" unfiltered coal power and the "phase-out of inefficient fossil fuel subsidies".
Momentum has built since then on a more ambitious pledge to move away from all fossil fuels and Figueres said an unprecedented surge in renewables and electric vehicles gave her optimism that the world can still achieve its climate goals.
Those centre on the 2015 Paris deal, which saw nearly 200 nations agree to limit global warming to "well below" two degrees Celsius since the preindustrial era, and preferably a safer threshold of 1.5C.
- Must try harder -
Figueres, a member of Costa Rica's climate negotiating team before she took the helm of the UN's climate change body from 2010 to 2016, said that deal was signed by leaders out of "enlightened self interest".
But she said that the world was now "horribly close" to the 1.5C limit, with emissions continuing to rise and this year is almost certain to be the hottest in human history.
She called on leaders attending the COP28 meeting to respond to a damning Global Stocktake on the world's climate action shortcomings by both accepting efforts so far have been "completely insufficient" and by doubling down on future action.
One key target, she said, should be fossil fuel subsidies, which the International Monetary Fund has said surged to a record $7 trillion last year -- equivalent to around 7 percent of global gross domestic product.
"My outrage is fossil fuel subsidies," said Figueres, adding that she would also be in favour of extra taxation on fossil fuel profits -- a suggestion championed by developing countries facing the sharpest impact of accelerating weather extremes.
She said leaders must focus on the need to almost halve emissions by 2030, which the UN's IPCC climate expert panel says is needed to keep 1.5C of warming a possibility.
"If we breach the ceiling that has been established by scientists for 2030, we have a serious problem in our hands, because we will have very likely opened a cascade of tipping points into the ecosystems that negatively affect each other," she said.
"And that will be incredibly damaging to human life, but also to all other life on this planet."
H.Meyer--CPN