Next 48 hours at Cop28 'decisive' as latest stocktake draft text is published

Live updates: Follow the latest news on Cop28 How parties react to the latest version of the global stocktake text will be “decisive” over the next two days as pressure grows to agree a deal before the summit's scheduled end on Tuesday. Language on phasing out fossil fuels remains in the text that was published on Friday night but there are now five options on the critical issue, with one simply stating “no text”. However, the text has now paragraphs rather than bullet points to show how it is evolving. Ministers are expected to discuss it on Saturday in a series of bilateral meetings with an informal plenary scheduled by the Cop28 Presidency for 8pm. A high-level ministerial meeting is also to take place. Five options on fossil fuels in the stocktake text : Option 1 : A phase-out of fossil fuels in line with best available science Option 2 : Phasing out of fossil fuels in line with best available science, the Intergovernmental Panel on Climate Change’s 1.5ºC pathways and the principles and provisions of the Paris Agreement; Option 3 : A phase-out of unabated fossil fuels recognising the need for a peak in their consumption in this decade and underlining the importance for the energy sector to be predominantly free of fossil fuels well ahead of 2050 Option 4 : Phasing out unabated fossil fuels and to rapidly reducing their use so as to achieve net-zero CO2 in energy systems by or around midcentury; Option 5 : No text “These building blocks give us what we need to construct a global action plan centred on phasing out fossil fuels with renewable energy, and scaling up finance for developing countries,” said Tom Evans, climate change expert at think tank E3G. “The architects of ambition now must assemble. They can defend and refine the strongest options on the table and push back on the weak proposals peppered throughout the paper. The next 48 hours will be decisive.” The draft text of the stocktake also includes options on coal, with one calling for “a rapid phase-out of unabated coal power this decade and an immediate cessation of the permitting of new unabated coal power generation, recognising that the IPCC suggests a pathway involving a reduction of unabated coal use by 75 per cent from 2019 levels by 2030” with the second option having no text. “The draft text on the global stocktake includes clear recognition that current pledges for action by countries are collectively inadequate to avoid dangerous climate change,” said Bob Ward, policy director at the Grantham Institute for Climate Change at the London School of Economics. “However the text also still includes many sections where there are one or more options, showing that there is still quite a lot of disagreement between countries,” he said. “For instance, the text about the future levels of fossil fuel use has five options. Countries will need to work hard over the next few days to reach agreement on the text without resorting to the weakest language and the lowest ambition.” The latest draft of the stocktake shows how the battle lines are being drawn with days to go before Cop28 ends. There is still significant amounts of work for ministers to do to put clear language into the draft. More than 100 countries have said they want a phasing out of fossil fuels. Hard talks lie ahead, as countries such as Russia and Saudi Arabia have resisted such language. Some negotiating blocs, such as the Alliance of Small Island States, have also made calls during Cop28 for clear decisions on phasing out fossil fuels. According to E3G, the positive aspects of the draft text include the fact that “phase down” of fossil fuels is mentioned with stronger language on ending fossil fuel subsidies; calls for more ambitious nationally determined contributions, and strong political action to deliver this to Cop30. But it said the concerning parts were the mention of “transitional” fuels which is usually another word for gas, and language on abatement is still there. Dr Sultan Al Jaber, Cop28 President, on Friday urged parties to step out of their comfort zones to deliver a good outcome to the summit. “The next few days have the potential to deliver a paradigm shift – to put the most vulnerable at the centre of climate action,” he said. Ministerial pairs are also looking at gaps in the talks to identify where progress is needed. “Let’s get this job done,” Dr Al Jaber said.

Next 48 hours at Cop28 'decisive' as latest stocktake draft text is published

Ministers to examine text, with important language on phasing out fossil fuels still to be agreed