Berliner Boersenzeitung - Oil exec and climate champion? The man steering COP28

EUR -
AED 4.101345
AFN 77.032505
ALL 99.346177
AMD 432.43567
ANG 2.013049
AOA 1036.77807
ARS 1075.022084
AUD 1.638665
AWG 2.009927
AZN 1.903727
BAM 1.957678
BBD 2.255263
BDT 133.478024
BGN 1.96194
BHD 0.420821
BIF 3237.947656
BMD 1.116626
BND 1.443284
BOB 7.718265
BRL 6.064287
BSD 1.116971
BTN 93.354568
BWP 14.765294
BYN 3.655406
BYR 21885.869656
BZD 2.251419
CAD 1.514765
CDF 3205.83349
CHF 0.948568
CLF 0.037681
CLP 1039.724056
CNY 7.877914
CNH 7.876551
COP 4648.301891
CRC 579.545486
CUC 1.116626
CUP 29.590589
CVE 110.369377
CZK 25.076404
DJF 198.897208
DKK 7.459169
DOP 67.044305
DZD 147.724424
EGP 54.187291
ERN 16.74939
ETB 129.612896
FJD 2.456911
FKP 0.850377
GBP 0.839089
GEL 3.048765
GGP 0.850377
GHS 17.559528
GIP 0.850377
GMD 76.478493
GNF 9650.126208
GTQ 8.634359
GYD 233.659928
HKD 8.702442
HNL 27.707575
HRK 7.591952
HTG 147.378717
HUF 393.677561
IDR 16934.414972
ILS 4.208201
IMP 0.850377
INR 93.284779
IQD 1463.20342
IRR 47001.617801
ISK 152.296414
JEP 0.850377
JMD 175.488318
JOD 0.791351
JPY 161.091169
KES 144.067258
KGS 94.062898
KHR 4536.351005
KMF 492.822874
KPW 1004.96277
KRW 1492.18639
KWD 0.340616
KYD 0.930801
KZT 535.514042
LAK 24664.21472
LBP 100022.944684
LKR 340.786863
LRD 223.390262
LSL 19.608883
LTL 3.297107
LVL 0.675436
LYD 5.304278
MAD 10.830976
MDL 19.490869
MGA 5051.754868
MKD 61.661441
MMK 3626.7577
MNT 3794.295108
MOP 8.965839
MRU 44.388973
MUR 51.230572
MVR 17.151745
MWK 1936.622809
MXN 21.621786
MYR 4.695396
MZN 71.296513
NAD 19.608708
NGN 1830.652829
NIO 41.108877
NOK 11.731586
NPR 149.370267
NZD 1.791604
OMR 0.429846
PAB 1.116951
PEN 4.186559
PGK 4.37235
PHP 62.154728
PKR 310.35047
PLN 4.275394
PYG 8714.358307
QAR 4.072206
RON 4.974455
RSD 117.081921
RUB 103.595912
RWF 1505.75772
SAR 4.190263
SBD 9.275742
SCR 15.20849
SDG 671.658527
SEK 11.379804
SGD 1.442608
SHP 0.850377
SLE 25.511892
SLL 23415.083225
SOS 638.317954
SRD 33.334619
STD 23111.9038
SVC 9.773243
SYP 2805.55626
SZL 19.61599
THB 36.878746
TJS 11.873175
TMT 3.908191
TND 3.384446
TOP 2.615244
TRY 38.089784
TTD 7.597151
TWD 35.731768
TZS 3046.939603
UAH 46.168836
UGX 4138.117278
USD 1.116626
UYU 46.153648
UZS 14213.632892
VEF 4045036.356711
VES 41.049924
VND 27474.582801
VUV 132.568082
WST 3.12372
XAF 656.574989
XAG 0.035614
XAU 0.000427
XCD 3.017737
XDR 0.827794
XOF 656.577931
XPF 119.331742
YER 279.519396
ZAR 19.564743
ZMK 10050.970555
ZMW 29.570833
ZWL 359.553117
  • CMSC

    0.0000

    25.12

    0%

  • NGG

    0.6600

    69.49

    +0.95%

  • BCC

    -1.8800

    142.81

    -1.32%

  • SCS

    -0.4000

    12.91

    -3.1%

  • BTI

    -0.0900

    37.48

    -0.24%

  • RIO

    -1.0850

    64.095

    -1.69%

  • GSK

    -0.5050

    41.115

    -1.23%

  • JRI

    -0.0380

    13.362

    -0.28%

  • CMSD

    0.0500

    25.06

    +0.2%

  • RYCEF

    0.0100

    6.96

    +0.14%

  • BCE

    -0.2100

    34.98

    -0.6%

  • RBGPF

    3.5000

    60.5

    +5.79%

  • BP

    -0.2150

    32.545

    -0.66%

  • VOD

    -0.0400

    10.02

    -0.4%

  • AZN

    -0.3600

    78.54

    -0.46%

  • RELX

    -0.0150

    48.115

    -0.03%

Oil exec and climate champion? The man steering COP28
Oil exec and climate champion? The man steering COP28 / Photo: R.Satish BABU - AFP/File

Oil exec and climate champion? The man steering COP28

The Emirati oil boss preparing to take the helm of UN climate talks said he is stunned to hear that environmentalists suspect him of duplicity on climate change.

Text size:

Sultan Al Jaber, the United Arab Emirates climate envoy, minister of industry and advanced technology and CEO of the state-owned oil firm ADNOC, will lead the COP28 talks starting in Dubai in November.

It comes as the world faces increasingly stark warnings about the urgency of transitioning away from fossil fuels to have a hope of keeping climate targets in view.

Jaber's oil and gas links are controversial. Dozens of US and European lawmakers say they should disqualify him from the job, with hundreds of climate campaign groups calling for him to quit either COP or ADNOC.

Jaber has done neither.

The 50-year-old bristles at accusations that he has a conflict of interest.

"I'm someone who spent the majority of his career in sustainability, in sustainable economic development and project management, and renewable energy," he told AFP in July.

Indeed, he founded state-owned renewable energy company Masdar a decade before he took the helm of ADNOC with a mandate to "decarbonise" and "future-proof" the gas and petrol giant.

But his oil industry pedigree has raised a lot of eyebrows and questions over the COP presidency, a role that previously attracted a lot less attention.

- Petroleum 'pragmatist' -

"COP28 is beset by a dark cloud of -- entirely warranted -- public scepticism," said US Senator Sheldon Whitehouse, one of a group of US and European lawmakers who last year called for fossil fuel lobbyists to be kept out of the talks.

Whitehouse told AFP that their open letter was sparked by Jaber's saying oil and gas interests would be "at the table".

Others say his links to the oil industry might be an advantage.

One European negotiator, speaking on condition of anonymity, said the COP president needs to help tease out consensus among the world's diverse economies -- including those with stocks of oil, gas and coal.

The stakes are high.

The most ambitious goal of the 2015 Paris Agreement was to limit temperature rise to 1.5 degrees Celsius above pre-industrial levels, although UN climate experts warned this year that we are hurtling towards breaching that guardrail in the 2030s.

Jaber has vowed to "help move the needle in terms of our efforts of keeping 1.5C within reach".

"What I can tell you is that I will work with everyone to develop a plan that is achievable, that is actionable, that is realistic and that is pragmatic, and that will deliver real results," he said.

Surprisingly, he has managed to win over some sceptics during nine months of frenetic travel that has seen him crisscross the planet.

Harjeet Singh, of the influential coalition Climate Action Network International, said a turning point came in July, when Jaber wrote that "phasing down demand for, and supply of, all fossil fuels is inevitable and essential".

"He's very straightforward, he's open to listening," Singh told AFP, adding however that the pair "agree to disagree" on several issues.

Those disagreements include the prominence given to fossil fuel lobbyists and Jaber's endorsement of controversial carbon capture technologies -- like those that trap emissions at source and store them permanently.

ADNOC made a commitment in July to achieve carbon neutrality by 2045 for its own operations.

But that target does not include emissions produced by the oil and gas burned by its customers, which account for the vast majority of its carbon footprint.

- Ambition test -

Will Dr Sultan, as he is known to his teams, be able to use his COP position as a largely behind-the-scenes facilitator, to help deliver an ambitious text acceptable to 198 parties?

His predecessor at COP21 in Paris, Laurent Fabius, said he was "a man who knows his files very well".

But the European negotiator who spoke on condition of anonymity said Jaber was "a little behind the curve" when it comes to negotiating the final text and "much less proactive" than the British were two years ago at COP26 in Glasgow.

Some worry Jaber is too focused on secondary decisions within the UN process and encouraging eye-catching commitments by businesses and countries from the sidelines of the climate talks -- slated to be by far the biggest ever held.

Proof of his ability to shepherd the more important UN text through the negotiations will come on December 12, when COP28 talks are supposed to end.

(Y.Berger--BBZ)