BR100 Decreased By (-1.39%)
BR30 Decreased By (-1.72%)
KSE100 Decreased By (-1.3%)
KSE30 Decreased By (-1.25%)
AGHA 7.92 Decreased By ▼ -0.17 (-2.1%)
BECO 5.20 Decreased By ▼ -0.07 (-1.33%)
BML 59.25 Decreased By ▼ -0.13 (-0.22%)
BOP 33.68 Decreased By ▼ -0.51 (-1.49%)
CNERGY 9.81 Increased By ▲ 0.19 (1.98%)
CSIL 5.42 Decreased By ▼ -0.08 (-1.45%)
FCCL 53.52 Decreased By ▼ -0.63 (-1.16%)
FFL 16.68 Decreased By ▼ -0.16 (-0.95%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.35 Decreased By ▼ -0.24 (-3.16%)
KOSM 5.61 Decreased By ▼ -0.07 (-1.23%)
LOTCHEM 29.11 Decreased By ▼ -1.32 (-4.34%)
MLCF 95.50 Decreased By ▼ -2.66 (-2.71%)
NBP 204.35 Decreased By ▼ -4.44 (-2.13%)
NCPL 58.24 Decreased By ▼ -1.37 (-2.3%)
NPL 67.79 Decreased By ▼ -2.08 (-2.98%)
OGDC 317.94 Decreased By ▼ -5.42 (-1.68%)
PACE 10.71 Decreased By ▼ -0.36 (-3.25%)
PAEL 41.83 Decreased By ▼ -0.42 (-0.99%)
PIBTL 16.50 Decreased By ▼ -0.32 (-1.9%)
PPL 219.74 Decreased By ▼ -4.99 (-2.22%)
PRL 44.59 Increased By ▲ 2.94 (7.06%)
PTC 70.77 Decreased By ▼ -0.35 (-0.49%)
SSGC 28.93 Decreased By ▼ -0.38 (-1.3%)
TBL 9.84 Decreased By ▼ -0.12 (-1.2%)
TELE 8.76 Decreased By ▼ -0.23 (-2.56%)
TPL 16.45 Decreased By ▼ -0.07 (-0.42%)
TPLP 12.10 Decreased By ▼ -0.67 (-5.25%)
TREET 22.80 Decreased By ▼ -0.26 (-1.13%)
TRG 60.03 Decreased By ▼ -0.42 (-0.69%)
World

Russia warns against ‘chaotic’ fossil fuels exit

Published Updated
By

MOSCOW: Russia on Wednesday warned against a “chaotic” exit from fossil fuels, while welcoming the “compromise” deal reached at the COP28 summit in Dubai on transitioning away from them.

“We have at every opportunity stressed the consequences of a chaotic exit without the backing of science,” Ruslan Edelgeriyev, Russian President Vladimir Putin’s special envoy for climate issues, was quoted by TASS news agency as saying.

“We cannot ignore the diverse needs of people around the world, including the need for affordable and reliable energy,” he said.

“The final deal will probably not satisfy everyone but that only shows it is a compromise.”

COP28 must mark ‘beginning of the end’ of fossil fuels: EU

The agreement struck in Dubai on Wednesday calls for “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner”.

Russia is one of the main gas, oil and coal producers in the world.

According to many experts, Siberia and the Russian Arctic are some of the regions in the world most affected by climate change.

In recent years, they have been setting new records for high temperatures and have been hit by giant fires.

But discussion of climate issues is virtually absent from public discourse in Russia, particularly since the start of the Ukraine offensive in February 2022.

The government has also cracked down on environmental organisations and eased anti-pollution regulations to help the sanctions-hit economy.

Comments

Comments are closed for this article.