Current:Home > FinanceActivists at COP28 summit ramp up pressure on cutting fossil fuels as talks turn to clean energy -Lighthouse Finance Hub
Activists at COP28 summit ramp up pressure on cutting fossil fuels as talks turn to clean energy
View
Date:2025-04-18 11:09:27
DUBAI, United Arab Emirates (AP) — Activists had a series of events and actions lined up Tuesday at the United Nations climate summit seeking to amp up pressure on conference participants to agree to phase out coal, oil and gas, responsible for most of the world’s emissions, and move to clean energy in a fair way.
The question of how to handle fossil fuels is central to the talks, which come after a year of record heat and devastating weather extremes around the world. And even as the use of clean energy is growing, most energy companies have plans to continue aggressive pursuit of fossil fuel production well into the future.
A team of scientists reported Tuesday that the world pumped 1.1% more heat-trapping carbon dioxide into the air than last year, largely due to increased pollution from China and India.
Protests — which are limited to “action zones” around the U.N. site — centered on phasing out fossil fuels and calling for finance to ramp up the move to clean energy.
Meanwhile, negotiations are well underway on the so-called global stocktake — a framework for new national plans so countries can adhere to capping warming to levels set in the Paris Agreement in 2015. A draft released Tuesday will be pored over by negotiators looking at how to stick to the goal.
Over 100 countries have pledged to triple their renewable capacity and double energy efficiency by the end of the decade.
COP28 President Sultan al-Jaber, who also leads the host United Arab Emirates’ national oil company, was on the defensive on Monday over contradictory remarks about phasing out fossil fuels. Al-Jaber said his remarks had been mischaracterized and told journalists he is “laser-focused” on helping limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times.
Much of Monday’s meetings at the conference focused on climate finance.
Barbados Prime Minister Mia Mottley, who has drawn attention as an advocate for changing the way global finance treats developing nations, said global taxes on the financial services, oil and gas, and shipping industries could drum up hundreds of billions of dollars for poorer countries to adapt and cope with global warming.
“This has probably been the most progress we’ve seen in the last 12 months on finance,” Mottley told reporters about pledges to fund the transition to clean energy, adapt to climate change and respond to extreme weather events.
“But we’re not where we need to be yet,” she said.
World Bank President Ajay Banga laid out five target areas in climate finance. His bank wants to lower methane emissions from waste management and farming; help Africa with greener energies; support “voluntary” carbon markets such as for forest projects; and allow developing countries hit by natural disasters to pause debt repayments.
The multilateral development bank, above all, wants to boost its role in climate finance in short order.
“Forty-five percent of our financing will go to climate by 2025,” Banga said, with half going to adapting to the warming climate and the other half on slashing emissions.
“We cannot make climate only be about emissions. It has to be about the downstream impact that the Global South is facing from the emission-heavy growth that we have enjoyed in other parts of the world.”
___
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.
veryGood! (55671)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Calgary Flames executive Chris Snow dies at 42 after defying ALS odds for years
- Jake From State Farm Makes Taylor Swift Reference While Sitting With Travis Kelce's Mom at NFL Game
- Nobel Prize announcements are getting underway with the unveiling of the medicine prize
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Watch every touchdown from Bills' win over Dolphins and Cowboys' victory over Patriots
- Nebraska is imposing a 7-day wait for trans youth to start gender-affirming medications
- Man convicted of killing ex-girlfriend, well-known sex therapist in 2020
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Women’s voices and votes loom large as pope opens Vatican meeting on church’s future
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- ‘PAW Patrol’ shows bark at box office while ‘The Creator’ and ‘Dumb Money’ disappoint
- Taylor Swift Brings Her Squad to Cheer on Travis Kelce at NFL Game at MetLife Stadium
- Armenia grapples with multiple challenges after the fall of Nagorno-Karabakh
- Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
- Why Kris Jenner Made Corey Gamble Turn Down Role in Yellowstone
- Donald Trump expects to attend start of New York civil trial Monday
- Young Evangelicals fight climate change from inside the church: We can solve this crisis in multiple ways
Recommendation
Meta releases AI model to enhance Metaverse experience
India’s devastating monsoon season is a sign of things to come, as climate and poor planning combine
Lil Tay Makes Comeback After 5-Year Absence, One Month After Death Hoax
Serbia’s president denies troop buildup near Kosovo, alleges ‘campaign of lies’ in wake of clashes
Billy Bean was an LGBTQ advocate and one of baseball's great heroes
In France, workers build a castle from scratch the 13th century way
Washington state raises minimum wage to $16.28. See where your state lies.
Tim Wakefield, who revived his career and Red Sox trophy case with knuckleball, has died at 57