AIRLINK 74.00 Increased By ▲ 1.20 (1.65%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.43 Increased By ▲ 0.10 (2.31%)
DFML 30.29 Decreased By ▼ -0.23 (-0.75%)
DGKC 90.46 Increased By ▲ 4.51 (5.25%)
FCCL 23.20 Increased By ▲ 0.85 (3.8%)
FFBL 33.61 Increased By ▲ 0.39 (1.17%)
FFL 9.88 Increased By ▲ 0.10 (1.02%)
GGL 10.38 Decreased By ▼ -0.02 (-0.19%)
HBL 113.21 Decreased By ▼ -0.41 (-0.36%)
HUBC 137.85 Increased By ▲ 1.65 (1.21%)
HUMNL 9.76 Decreased By ▼ -0.27 (-2.69%)
KEL 4.76 Increased By ▲ 0.10 (2.15%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.65 Increased By ▲ 1.30 (3.39%)
OGDC 134.89 Increased By ▲ 1.49 (1.12%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 24.75 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.00 Increased By ▲ 0.45 (6.87%)
PPL 123.45 Increased By ▲ 2.24 (1.85%)
PRL 27.65 Increased By ▲ 0.50 (1.84%)
PTC 14.63 Increased By ▲ 0.74 (5.33%)
SEARL 61.61 Increased By ▲ 1.21 (2%)
SNGP 69.63 Increased By ▲ 1.10 (1.61%)
SSGC 10.48 Increased By ▲ 0.15 (1.45%)
TELE 8.94 Decreased By ▼ -0.11 (-1.22%)
TPLP 11.54 Increased By ▲ 0.28 (2.49%)
TRG 66.83 Increased By ▲ 1.13 (1.72%)
UNITY 25.30 Increased By ▲ 0.05 (0.2%)
WTL 1.60 Increased By ▲ 0.10 (6.67%)
BR100 7,715 Increased By 81.1 (1.06%)
BR30 25,616 Increased By 444.5 (1.77%)
KSE100 73,317 Increased By 658.5 (0.91%)
KSE30 23,546 Increased By 163 (0.7%)

DUBAI: UN Secretary-General Antonio Guterres on Monday urged an agreement at COP28 to phase out fossil fuels, pressing negotiators to show flexibility in the climate summit’s final hours.

Less than a day before the summit’s scheduled close in Dubai, Guterres flew back and warned there were “still large gaps” holding up a consensus.

“We are in a race against time,” Guterres told reporters.

“Now is the time for maximum ambition and maximum flexibility,” Guterres said. “It’s time to go into overdrive to negotiate in good faith.”

Guterres, who has made climate a top priority, called on negotiators to have a “single-minded focus on tackling the root cause of the climate crisis – fossil fuel production and consumption.”

He called on the summit to recognise “the need to phase out all fossil fuels” – a stance opposed by oil producers led by Saudi Arabia.

In his call for flexibility, Guterres said there should also be attention to the concerns of fossil fuel producers and that not all countries would have the same immediate responsibility.

UN needs $46.4 billion for aid in ‘bleak’ 2024

The call for action “doesn’t mean that all countries must phase out fossil fuels at the same time,” Guterres said.

“But it means that globally the phase-out of fossil fuels need to be compatible with net zero in 2050 and with the limit of 1.5 degrees in temperature rise” above pre-industrial levels, he said.

Comments

200 characters