Countries negotiating at the climate summit in Egypt are on track to reject calls for phasing down the use of all fossil fuels, snuffing efforts by India and key developed nations to target oil and gas as well as coal in an overarching deal at COP27.
The Egyptian presidency published the first draft of its so-called “cover decision” and largely kept last year’s pledge made at Glasgow to “accelerate measures towards the phase down of unabated coal power” and phase out fossil fuel subsidies. It also stuck with a commitment to keep global warming to 1.5 °C. It highlighted that countries are currently falling well short on meeting the climate finance needs of developing countries.
There was also likely to be widespread opposition to such a move. Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, said in an interview last week that the kingdom would be very unlikely to support an agreement that included the phase down of oil. Sameh Shoukry, COP27 president and Egyptian foreign affairs minister, said the current version is a “work in progress” and cautioned anyone from jumping to conclusions from it.
The preliminary text has already drawn swift condemnation from activists pushing for a harsh stance against fossil fuels.
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