{"id":81208,"date":"2023-12-13T00:00:00","date_gmt":"2023-12-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/13\/we-have-a-revised-text-but-still-no-fossil-fuel-phase-out-or-phase-down\/"},"modified":"2023-12-13T00:00:00","modified_gmt":"2023-12-13T00:00:00","slug":"we-have-a-revised-text-but-still-no-fossil-fuel-phase-out-or-phase-down","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/13\/we-have-a-revised-text-but-still-no-fossil-fuel-phase-out-or-phase-down\/","title":{"rendered":"We have a revised text but still no fossil fuel phase out or phase down"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have an updated text of the Global Stocktake: <\/strong>After garnering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/0dfe87f0-1de1-416a-9b9a-af6e98b17044\" style=\"\" rel=\"noopener\">outrageous response<\/a> to an initial \u201cfully unacceptable\u201d and \u201cnot consistent\u201d draft of the Global Stocktake, a revised draft still does not include a commitment to phase out or phase down fossil fuels. The updated document instead calls for \u201ctransitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner ... so as to achieve net zero by 2050 in keeping with the science\" with a \u201cneed for deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5C pathways.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s the revised wording: <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1aa5d76b-d3bf-481f-8051-215b0171d62f\" style=\"\" rel=\"noopener\">optional \u201ccould\u201ds<\/a> are out. Instead the revised text \u201ccalls on\u201d parties to \u201ccontribute to the following global efforts, in a nationally determined manner, taking into account the Paris Agreement and their different national circumstances, pathways and approaches\u201d:<\/p>\n<ul>\n<li>Tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030.<\/li>\n<li>Accelerating efforts towards the phase-down of unabated coal power<\/li>\n<li>Accelerating efforts globally towards net zero emission energy systems, utilizing zero- and low-carbon fuels well before or by around mid-century<\/li>\n<li>Transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science<\/li>\n<li>Accelerating zero- and low-emission technologies, including renewables, nuclear, abatement and removal technologies such as carbon capture and utilization and storage, particularly in hard-to-abate sectors, and low-carbon hydrogen production<\/li>\n<li>Accelerating and substantially reducing non-carbon-dioxide emissions globally, including in particular methane emissions by 2030<\/li>\n<li>Accelerating the reduction of emissions from road transport on a range of pathways, including through development of infrastructure and rapid deployment of zero and low-emission vehicles<\/li>\n<li>Phasing out inefficient fossil fuel subsidies that do not address energy poverty or just transitions, as soon as possible;<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Different pathways for different countries: <\/strong>Developing countries garnered some support in the new draft with an emphasis that climate financing and knowledge transfer in climate tech are \u201ccritical enablers of climate action,\u201d yielding to a push from developing economies struggling to grow their economies and manage an energy transition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transition fuels are in: <\/strong>The draft text also added a line saying that transitional fuels \u2014 including natural gas \u2014 can play a role in the energy transition. \u201cReferences to transition fuels being essential could have been written by a major gas producer. The science is clear: gas is a methane heavy fossil fuel, not a transition fuel,\u201d climate diplomacy expert Ed King told the <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.theguardian.com\/environment\/live\/2023\/dec\/13\/cop28-live-updates-news-agreement-outcomes-draft-text-fossil-fuels&sa=D&source=editors&ust=1702452348605684&usg=AOvVaw1dEO_snE4R2M4prYYtFRRi\" style=\"\" rel=\"noopener\">Guardian<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And coal gets a pass: <\/strong>The revised document has also omitted a line from the first draft that limits new coal-power generation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A first time appearance for methane: <\/strong>If approved, countries would agree to broaden emissions reduction efforts to include other greenhouse gasses for the first time. The revised draft calls for an accelerated response to slash emissions globally, \u201cincluding in particular methane emissions by 2030.\u201d Earlier proposals lobbied by negotiators laid out specific targets including a 30% reduction in methane by the end of the decade and a 40% reduction by 2035.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happens now?<\/strong> Ministers will convene in an informal plenary session scheduled this morning to hammer out the details on language and make last ditch attempts for revisions. The revised draft will need to be agreed upon by almost 200 countries represented at COP to pass. We\u2019ll have all the details on revisions, reactions, and any final decisions in tomorrow\u2019s issue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER COP POLICY NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>25 global + regional utility giants join forces to boost clean energy:<\/strong> In partnership with the International Renewable Energy Agency (Irena), 25 utilities and power companies inked the COP28 <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/ent.news\/2023\/12\/827.pdf&sa=D&source=editors&ust=1702452348606603&usg=AOvVaw37WKmT0mv0ODSxrLj6vF7D\" style=\"\" rel=\"noopener\">Declaration of Action (pdf)<\/a>, setting in motion the Utilities for Net Zero Alliance (UNEZA) as its vehicle for implementation, according to a <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.irena.org\/News\/pressreleases\/2023\/Dec\/Global-Power-Utilities-Declare-Joint-Action-Plan-to-Drive-Energy-Transition-at-COP28&sa=D&source=editors&ust=1702452348606794&usg=AOvVaw1ntfNmFrDtS_PBOZDCHqu6\" style=\"\" rel=\"noopener\">statement<\/a> released last week. Under the pact, the companies have pledged to accelerate electrification, integration of renewables into power grids and clean energy deployment in line with the 2030 goals and the 2050 net zero target. The Alliance requested Irena to lead the secretariat.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Notable signatories:<\/strong> Amongst the companies that have signed the declaration are: UAE\u2019s Dubai Electricity and Water Authority (Dewa), Etihad Water and Electricity, Abu Dhabi National Energy Company (Taqa) and Masdar, France\u2019s EDF and Engie, Germany\u2019s Schneider Electric and Siemens, Spain\u2019s Iberdrola, China\u2019s Jinko Power, and the UK\u2019s Xlinks and Octopus Energy, amongst others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partners:<\/strong> The Alliance is led by the UAE\u2019s grid operator Taqa, and (other than Irena) will have a number of partners including the <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/climatechampions.unfccc.int\/un-climate-change-high-level-champions\/%23:~:text%3DMahmoud%2520Mohieldin%2520and%2520Her%2520Excellency,Champions%2520for%2520COP27%2520and%2520COP28.&sa=D&source=editors&ust=1702452348607291&usg=AOvVaw2FFirgLdOKM_DaqA2Nzot-\" style=\"\" rel=\"noopener\">UN High-Level Climate Champions<\/a>, the World Economic Forum, the International Electrotechnical Commission, the Global Renewables Alliance, and Chile\u2019s Coordinador El\u00e9ctrico Nacional.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will list the country\u2019s Red Sea coral habitats as protected and conserved areas <\/strong><strong>(PCAs)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/rb.gy\/b5napv&sa=D&source=editors&ust=1702452348607635&usg=AOvVaw2sN4AsOx-93AIAkvRboa44\" style=\"\" rel=\"noopener\">statement<\/a>. The government is aiming to form a committee tasked with setting coral reef protection standards and regulations within the next six months, the statement notes. Covering some 400 sq km off the country\u2019s eastern coastline, Egypt\u2019s Red Sea coral reefs are home to more than <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.press\/greeneconomys\/state-egypts-coral-reefs\/&sa=D&source=editors&ust=1702452348607854&usg=AOvVaw1YN07jZ3YQEXp0o1Q9MfUx\" style=\"\" rel=\"noopener\">200 hard coral species<\/a>, generating the world\u2019s highest reef tourism revenues and adding USD 7 bn to state coffers in 2019. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Our corals are shrinking:<\/strong> Coastal pollution, unregulated tourism, exploitation of marine resources, and overfishing have led to <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.press\/wp-content\/uploads\/2022\/01\/Chapter-3.-Status-and-trends-of-coral-reefs-of-the-Red-Sea-and-Gulf-of-Aden.pdf&sa=D&source=editors&ust=1702452348608267&usg=AOvVaw0Upl1EPO0q6RcsW5DZswY4\" style=\"\" rel=\"noopener\">a 13.6% decline<\/a> in Egypt\u2019s coral populations on average between 2005 and 2019. Climate-induced <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.un.org\/en\/chronicle\/article\/impacts-climate-change-coral-reefs-and-marine-environment&sa=D&source=editors&ust=1702452348608445&usg=AOvVaw2nVV2jY4vEqGiQ4JT2dM5L\" style=\"\" rel=\"noopener\">coral bleaching<\/a> can lead to reefs\u2019 permanent demise, while <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.nationalgeographic.com\/environment\/article\/critical-issues-ocean-acidification&sa=D&source=editors&ust=1702452348608604&usg=AOvVaw2LqeRLm_TUazC288JhQiyn\" style=\"\" rel=\"noopener\">ocean acidification<\/a> makes conditions unfavorable for growth. Under the Intergovernmental Panel on Climate Change\u2019s <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.ipcc.ch\/srocc\/chapter\/chapter-5\/&sa=D&source=editors&ust=1702452348608757&usg=AOvVaw3GbW4ktkcdblWOfmBSZ9D8\" style=\"\" rel=\"noopener\">most upbeat scenario<\/a> coral reefs are still projected with \u201cvery high confidence\u201d to decline by a further 70\u201390% by the end of this century, with losses increasing to 99% at 2\u00b0C of warming. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Big regional businesses ink decarbonization commitment:<\/strong> 14 MENA-based businesses, including the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.google.com\/aclk?sa%3Dl%26ai%3DDChcSEwidxMKo5omDAxWVgoMHHbAwBMMYABAAGgJlZg%26ase%3D2%26gclid%3DCjwKCAiApuCrBhAuEiwA8VJ6Jg61sGw9mY1LC6lcd3anUKuCUGhwQahSWPXhW0feis0FAlkofPAC-xoC1MkQAvD_BwE%26sig%3DAOD64_3scOJkDY4f0FMnqbc96jYsNg4CLw%26q%26nis%3D4%26adurl%26ved%3D2ahUKEwj4pLqo5omDAxUHi_0HHaAzD1wQ0Qx6BAgFEAE&sa=D&source=editors&ust=1702452348609554&usg=AOvVaw3iBa0kJOghaLBEkhcMjAzO\" style=\"\" rel=\"noopener\">FAB<\/a> and <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.emiratesnbd.com\/en&sa=D&source=editors&ust=1702452348609734&usg=AOvVaw0PuZM_4yCExlBiWqfqZd5V\" style=\"\" rel=\"noopener\">Emirates NBD<\/a>, have signed an open letter pledging to slash 200 tons of their CO2 emissions by 2030. The signatory companies represent more than 7% of regional carbon emissions. (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.zawya.com\/en\/business\/banking-and-insurance\/mena-businesses-including-fab-emirates-nbd-sign-wef-communique-on-climate-action-jhggpb52&sa=D&source=editors&ust=1702452348609905&usg=AOvVaw1KXFBv1Enbx8lZBMKcfvFw\" style=\"\" rel=\"noopener\">Zawya<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The new draft includes much stronger language on moving away from the dirtiest sources of energy with a target to reach climate neutrality by 2050<\/p>\n","protected":false},"author":1,"featured_media":81209,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[533],"tags":[354,532,475,154,40,11,391,1995,404,281,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cop-watch-policy","tag-conservation","tag-cop-watch-policy","tag-cop28","tag-dewa","tag-egypt","tag-enterpriseclimate","tag-food-security","tag-global-stocktake","tag-irena","tag-taqa","tag-uae","wpautop","entry"],"acf":{"mongo_id":"51ee7a9b-e484-4aa3-9636-473c2b7b64ea","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/892.jpg","photo_position":"above","homepage_title":"","full_issue_title":"We have a revised text but still no fossil fuel phase out or phase down","related_issue":[81203],"teaser":"The new draft includes much stronger language on moving away from the dirtiest sources of energy with a target to reach climate neutrality by 2050","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.519d4de9-96ac-49db-96bc-c63e2ab83522.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We have a revised text but still no fossil fuel phase out or phase down - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/12\/13\/we-have-a-revised-text-but-still-no-fossil-fuel-phase-out-or-phase-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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