Berliner Boersenzeitung - World leaders take COP28 stage as climate, Gaza share spotlight

EUR -
AED 4.104306
AFN 77.088534
ALL 99.418435
AMD 432.750729
ANG 2.014513
AOA 1036.724537
ARS 1074.451554
AUD 1.643292
AWG 2.011389
AZN 1.904081
BAM 1.959102
BBD 2.256903
BDT 133.575108
BGN 1.957551
BHD 0.421186
BIF 3240.302737
BMD 1.117438
BND 1.444334
BOB 7.723878
BRL 6.162229
BSD 1.117784
BTN 93.422468
BWP 14.776034
BYN 3.658065
BYR 21901.788071
BZD 2.253057
CAD 1.517761
CDF 3208.165381
CHF 0.950498
CLF 0.037689
CLP 1039.944272
CNY 7.880067
CNH 7.870123
COP 4639.424479
CRC 579.967011
CUC 1.117438
CUP 29.612111
CVE 110.449653
CZK 25.087721
DJF 198.591551
DKK 7.466615
DOP 67.093069
DZD 147.830834
EGP 54.137737
ERN 16.761573
ETB 129.707168
FJD 2.459262
FKP 0.850995
GBP 0.838981
GEL 3.051043
GGP 0.850995
GHS 17.572299
GIP 0.850995
GMD 76.548818
GNF 9657.145107
GTQ 8.640639
GYD 233.829878
HKD 8.704949
HNL 27.727728
HRK 7.597474
HTG 147.485911
HUF 393.495109
IDR 16941.25656
ILS 4.221139
IMP 0.850995
INR 93.284241
IQD 1464.267663
IRR 47035.770303
ISK 152.262556
JEP 0.850995
JMD 175.615957
JOD 0.791709
JPY 160.803866
KES 144.194651
KGS 94.13132
KHR 4539.650463
KMF 493.181764
KPW 1005.693717
KRW 1488.990591
KWD 0.340897
KYD 0.931478
KZT 535.903542
LAK 24682.153929
LBP 100095.695125
LKR 341.03473
LRD 223.552742
LSL 19.623146
LTL 3.299505
LVL 0.675928
LYD 5.308136
MAD 10.838854
MDL 19.505046
MGA 5055.429199
MKD 61.70629
MMK 3629.395577
MNT 3797.054841
MOP 8.97236
MRU 44.421259
MUR 51.268486
MVR 17.164273
MWK 1938.031388
MXN 21.697078
MYR 4.698871
MZN 71.348848
NAD 19.62297
NGN 1831.984424
NIO 41.138777
NOK 11.713438
NPR 149.47891
NZD 1.791484
OMR 0.430165
PAB 1.117764
PEN 4.189604
PGK 4.375531
PHP 62.188829
PKR 310.5762
PLN 4.274593
PYG 8720.696587
QAR 4.075168
RON 4.97875
RSD 117.195711
RUB 103.07316
RWF 1506.852914
SAR 4.193122
SBD 9.282489
SCR 14.849973
SDG 672.143165
SEK 11.364797
SGD 1.442841
SHP 0.850995
SLE 25.530448
SLL 23432.113894
SOS 638.782227
SRD 33.752262
STD 23128.713955
SVC 9.780351
SYP 2807.596846
SZL 19.630258
THB 36.767793
TJS 11.881811
TMT 3.911034
TND 3.386908
TOP 2.617156
TRY 38.132438
TTD 7.602676
TWD 35.736832
TZS 3046.362208
UAH 46.202417
UGX 4141.127086
USD 1.117438
UYU 46.187217
UZS 14223.971001
VEF 4047978.463464
VES 41.096875
VND 27494.566096
VUV 132.664504
WST 3.125992
XAF 657.05254
XAG 0.035881
XAU 0.000426
XCD 3.019933
XDR 0.828396
XOF 657.055485
XPF 119.331742
YER 279.722751
ZAR 19.426272
ZMK 10058.288435
ZMW 29.592341
ZWL 359.814634
  • RBGPF

    3.5000

    60.5

    +5.79%

  • CMSC

    0.0300

    25.15

    +0.12%

  • BCC

    -7.1900

    137.5

    -5.23%

  • GSK

    -0.8200

    40.8

    -2.01%

  • SCS

    -0.3900

    12.92

    -3.02%

  • BTI

    -0.1300

    37.44

    -0.35%

  • NGG

    0.7200

    69.55

    +1.04%

  • BP

    -0.1200

    32.64

    -0.37%

  • RIO

    -1.6100

    63.57

    -2.53%

  • CMSD

    0.0100

    25.02

    +0.04%

  • RELX

    -0.1400

    47.99

    -0.29%

  • JRI

    -0.0800

    13.32

    -0.6%

  • AZN

    -0.5200

    78.38

    -0.66%

  • BCE

    -0.1500

    35.04

    -0.43%

  • RYCEF

    0.0000

    6.95

    0%

  • VOD

    -0.0500

    10.01

    -0.5%

World leaders take COP28 stage as climate, Gaza share spotlight
World leaders take COP28 stage as climate, Gaza share spotlight / Photo: Giuseppe CACACE - AFP

World leaders take COP28 stage as climate, Gaza share spotlight

World leaders descended on Dubai for UN climate talks on Friday, under pressure to step up efforts to limit global warming as the Israel-Hamas conflict casts a shadow over the summit.

Text size:

UAE President Sheikh Mohammed bin Zayed Al Nahyan greeted Britain's King Charles III, Indian Prime Minister Narendra Modi, French President Emanuel Macron and other leaders at the sprawling Expo City Dubai complex in the sun-soaked Gulf metropolis.

The COP28 conference kicked off on Thursday with an early victory as nations agreed to launch a "loss and damage" fund for vulnerable countries devastated by natural disasters.

But delegates face two weeks of tough negotiations on an array of issues that have long bedevilled climate talks, starting with the future of oil, gas and coal.

A first draft of the agreement being negotiated by nearly 200 countries includes language on a "phasedown/out" of fossil fuels, which account for the bulk of greenhouse gas emissions.

The sense of urgency was heightened by a UN warning that 2023 is on track to become the hottest year on record, raising fears the world will not meet the goal of limiting warming to 1.5 degrees Celsius.

"Now the real work only begins," the oil-rich UAE's COP28 president Sultan Al Jaber said on Thursday.

"I will be rolling up my sleeves, engaging and helping address this challenge and delivering real, actionable results," Jaber said, though he claimed there was "positivity" and an "optimistic" vibe following the loss and damage announcement.

Jaber, who heads the UAE's national oil firm ADNOC, said the "role of fossil fuels" must be included at the UN's climate talks.

The draft text sets up a fight between those calling for a "phaseout" and those in favour of a less drastic "phasedown" of fossil fuels. But observers said the inclusion of such language was significant.

"It is more ambitious than anything ever tabled at COP27 (talks in Egypt last year), so even having it among the options is a big step up," said Lola Vallejo, an expert from French climate think tank IDDRI.

- Gaza war -

The spotlight now turns to more than 140 kings, presidents and prime ministers who will address delegates on Friday and Saturday.

Britain's King Charles III will kick off those addresses, followed by leaders from nations including the likes of Brazil, Kenya and Tonga.

But the climate crisis will share the agenda with the conflict in Gaza.

Israeli President Isaac Herzog met his UAE counterpart Sheikh Mohammed on Thursday and will be among the speakers addressing the COP28 conference on Friday.

Palestinian president Mahmud Abbas had also been scheduled to speak but his office told AFP that he was no longer going and his foreign minister would be in Dubai instead.

The conference began on Thursday with a moment of silence -- at the request of the Egyptian head of last year's COP -- for the civilians who have died in the conflict.

The war began on October 7 when Hamas and other militants from Gaza poured over the border into Israel, killing around 1,200 people, mostly civilians, and kidnapping about 240, according to Israeli authorities.

Aiming to destroy Hamas, Israel retaliated with an air and ground offensive that the Hamas government in Gaza says has killed more than 15,000 people, also mostly civilians, and reduced large parts of the north of the territory to rubble.

Herzog is using his COP28 visit for a diplomatic push to secure the release of hostages held by Hamas.

He "appealed" to his Emirati counterpart "to employ his full political weight to promote and speed up the return home of the hostages," the Israeli president's office said.

US Vice President Kamala Harris, who will represent the United States at COP28, will meet with regional officials on the Israel-Hamas conflict, according to the White House.

(T.Renner--BBZ)