COP28: Hopes of fossil fuel ‘phase out’ hit by revelations of Saudi plan to boost oil demand.
The scale of the challenge faced by diplomats pushing
for a new global agreement to ‘phase out’ unabated fossil fuels at the
upcoming UN Climate Summit in Dubai was underscored yesterday by reports
detailing how both the United Arab Emirates (UAE) and Saudi Arabia are
privately working to sustain long term demand for oil and gas.
Just hours after the BBC reported yesterday that COP28 hosts the UAE had used
bilateral meetings with governments ahead of the Summit to promote new oil
and gas investments, Channel 4 News and the Centre for Climate Reporting
revealed how Saudi Arabia is using its Oil Demand Sustainability Programme
(ODSP) to drive long term demand for oil from developing economies.
Business Green 28th Nov 2023
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