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☆ COP28 Talks Reach Deal on Much-Debated Climate-Damage Fund
▼ + stars: | 2023-11-30 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

Delegations from countries around the world are gathering in Dubai for COP28, which began on Thursday. Photo: amr alfiky/ReutersGovernments have reached an agreement on the architecture of a United Nations fund to pay for climate-related damage in poor countries, ending a year of contentious talks over where the fund will be located, which countries should benefit and who should finance it. Negotiators from more than 190 governments approved the deal on Thursday at the start of the COP28 climate summit in Dubai, lending momentum to U.N. talks aimed at speeding up global efforts to prevent the worst effects of global warming.

Persons: amr alfiky Organizations: Reuters Governments, United Locations: Dubai, COP28, United Nations

The sources said the UAE would provide the bulk of the money and private equity firm TPG and infrastructure investor Brookfield would also be involved. Two sources said the money would be overseen by UAE-backed investor Lunate Capital. A view of Dubai's Expo City during the United Nations Climate Change Conference (COP28) Climate Summit in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky Acquire Licensing RightsA second source said BlackRock, TPG and Brookfield would allocate money currently housed in other funds to the UAE fund and that talks over the fund began after the summer and carried on through October. Additional reporting by Andres Gonzales, Anousha Sakoui and Elisa Martinuzzi in London Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Lunate, Amr Alfiky, Andres Gonzales, Anousha Sakoui, Elisa Martinuzzi, Susan Fenton Organizations: Lunate, BlackRock, TPG, Brookfield, United, Reuters, Lunate Capital, Financial Times, Dubai's, United Nations, Change, United Arab Emirates, REUTERS, UAE, COP28, Thomson Locations: UAE, DUBAI, United Arab Emirates, Dubai, United Arab, BlackRock, Brookfield, London

☆ ‘Backtracking:’ A year of climate failures ahead of a crucial summit
▼ + stars: | 2023-11-30 | by ( Laura Paddison | ) edition.cnn.com time to read: +11 min

And yet, even as the climate crisis inserts itself viscerally into people’s lives, experts say the year has seen alarming backsliding on climate action. Green policies have been watered down, huge new oil and gas projects have been greenlit and coal has had something of a resurgence. As countries gather in Dubai for the UN’s COP28 climate summit, there are “high expectations,” said Harjeet Singh, the head of global political strategy at nonprofit Climate Action Network International. It sent worrying signals about climate backtracking, said Elisa Giannelli, a senior policy advisor at climate think tank E3G. Around 50% of its total capital spending needs to go toward clean energy projects by 2030, according to the report.

Persons: ”, Harjeet Singh, Kaveh Guilanpour, Singh, Biden, “, Erik Grafe, Joe Biden, Countess, Norway —, Elisa Giannelli, “ It’s, Rishi Sunak, Joeri Rogelj, Flora Champenois, It’s, Bernd Lauter, ” Rogelj, Darren Woods, Bernard Looney, Fatih Birol, Guilanpour, Claire Fyson, ” Fyson, “ we’re, ” CNN’s Ella Nilsen, Ivana Kottasová, Gan Organizations: CNN, United Nations, Action, “, Climate, Energy Solutions, US Department of Interior, Imperial College London, Global Energy Monitor, GEM, Getty, BP, Chevron, ExxonMobil, Shell, Exxon, IEA, Climate Analytics Locations: Canada, Libyan, Dubai, Alaska, Washington ,, Australia, Norway, Europe, Germany, China, Asia, Ukraine, Eschweiler, COP28

☆ Exclusive: World's top MDBs to launch debt-for-nature swap 'task force' - sources
▼ + stars: | 2023-11-30 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

The task force creation is the most significant step so far in showing that the global club of multilateral lenders, which between them have trillions of dollars worth of firepower, will significantly ramp up their support for these deals. Four sources involved in the plans, which are expected to be announced at the COP summit's 'finance day' on Monday, say the group will formally be called the "Task Force on Sustainability-linked Sovereign Financing for Nature and Climate". It will initially be chaired by the Inter-American Development Bank (IDB) and U.S. government's Development Finance Institution (DFC), said three of the sources with direct knowledge of the matter. Both lenders have been involved in all the recent swaps which have also included Barbados and Gabon. At their simplest, the swaps work by buying up a country's bonds, often at a discount, and then replacing them with cheaper eco-labelled ones that come with the special MDB guarantees.

Persons: Chico Mendes, Amanda Perobelli, MDBs, Marc Jones, Christina Fincher Organizations: Chico, Chico Mendes Institute for Biodiversity Conservation, Institute for, Environment, Resources, REUTERS, Reuters, Force, Sustainability, Nature, Inter, American Development Bank, government's Development Finance, World Bank, European Investment Bank, Development Bank, Asian Development Bank, ADB, Infrastructure Development Bank, Reuters Graphics, Conservancy, Thomson Locations: Pocone, Mato Grosso, Brazil, Belize, Barbados, Gabon, Beijing, U.S, Sri Lanka, Zambia, Kenya, Tanzania, Colombia, Ecuador

☆ COP28: What to expect from the UN's high-stakes climate change summit
▼ + stars: | 2023-11-30 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCOP28: What to expect from the UN's high-stakes climate change summitThe United States and China are ramping up their climate cooperation, agreeing earlier this month to triple renewable energy capacity globally by 2030 and "operationalize" a bilateral working group, among others. The move comes just weeks before nations gather at the 28th United Nations climate summit, also known as COP28. Here's what to know about the two-week conference.

Organizations: 28th United Locations: United States, China, 28th United Nations

☆ Israel's president visits UAE, asks for help to free hostages
▼ + stars: | 2023-11-30 | by ( Alexander Cornwell | ) www.reuters.com time to read: +3 min

Herzog made the request during a meeting with Sheikh Mohamed in Dubai, according to a statement issued by the Israeli president's media office. "The President appealed to his friend Sheikh Mohamed bin Zayed Al Nahyan to employ his full political weight to promote and speed up the return home of the hostages," it said. Israel has released 210 Palestinian prisoners in exchange for Israeli hostages. A UAE state news agency report said the two presidents discussed relations between their countries and issues of mutual interest. Herzog was invited to attend the summit by Sheikh Mohamed earlier this year.

Persons: Isaac Herzog, SAUL LOEB, Sheikh Mohamed bin Zayed Al Nahyan, Herzog, Sheikh Mohamed, Israel, Benjamin Netanyahu, Abraham, Abu Dhabi, Alexander Cornwell, Grant McCool Organizations: U.S, State, Rights, Thursday, United Arab Emirates, Hamas, UAE, UAE ., Abraham Accords, Thomson Locations: Tel Aviv, Israel, Rights DUBAI, Palestinian, Gaza, Dubai, Gulf, The UAE, Qatar, Egypt, Gaza's Rafah, UAE, United States

☆ Britain's King Charles to Push for Global Action on Climate in COP28 Speech
▼ + stars: | 2023-11-30 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Countries, however, are divided over the future of fossil fuel - the burning of which is the main cause of climate change. The monarchy has been under pressure to reduce its carbon footprint, though emissions have decreased under King Charles. King Charles will be among world leaders attending the climate talks, known as COP28, in Dubai, the United Arab Emirates. King Charles is attending on behalf of the British government and following an invitation from the host nation, the UAE. On Thursday, King Charles met with Gulf state's president, Sheikh Mohamed bin Zayed Al Nahyan, at the COP28 summit site.

Persons: Britain's King Charles, King Charles, Rishi Sunak, Narendra Modi, Sheikh Mohamed bin Zayed Al Nahyan, Charles, Alexander Cornwell, Josie Kao Organizations: Reuters, Carbon, United Arab, Organization of, Petroleum, United, United Arab Emirates, Britain's, India's, Gulf state's Locations: DUBAI, United Arab Emirates, Dubai, United Arab, UAE, United Kingdom, France

☆ European markets open higher ahead of euro zone inflation data
▼ + stars: | 2023-11-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets opened higher Thursday, with regional investors keeping a close eye on the release of preliminary euro zone inflation data for November. Earlier on Thursday, economic data showed that French inflation slowed to 3.4% on an annual basis in November, down from the October reading of 4%. European markets had closed higher Wednesday after data released in the afternoon showed German inflation eased to 2.3% in November, significantly more than the 2.6% forecast in a Reuters poll. European markets are also keeping a close eye on the COP28 climate summit that begins Thursday and the OPEC+ meeting of major oil producers. Elsewhere Thursday, final third-quarter gross domestic product data for France is also due, as are German unemployment figures for November.

Organizations: Organization of Petroleum Locations: London, OPEC, Russia, France

Climate Action Against Disinformation found that, in every month since COP27, the hashtag #climatescam generated more retweets and likes than #climatecrisis and #climateemergency on X, the platform formerly known as Twitter. Researchers attributed much of #climatescam’s traction to a small group of influential accounts, which they said tended to be far more vocal about climate denial on X than on platforms like Facebook and Instagram. Some of the sites pushing climate disinformation made money from ads — a revenue stream that researchers said was enabled by more than 150 advertising exchanges owned by some of the largest tech companies. The marketplaces, which largely use automated auctions to buy and sell online ads, placed ads on at least 15 websites known for hosting climate denial content, according to the report. Doing so flouted policies set up by many of the exchanges to block climate denial content and other disinformation from being monetized.

Persons: Bean, ” Organizations: Twitter, Facebook Locations: Russia, China, United States

Saudi Arabia, Russia and other members of OPEC+ pump more than 40% of the world's oil, or some 43 million bpd. Two OPEC+ sources told Reuters a preliminary agreement has been reached for a cut of more than 1 million bpd. This would include Saudi Arabia extending the voluntary cut of 1 million bpd it has had in place since July plus additional contributions from other members, sources said. "It depends on other group participants, could be near or more," the third source said when asked about the possible 1 million bpd cut. The OPEC+ meeting coincides with the opening of the United Nations' COP28 climate summit being hosted by OPEC member the United Arab Emirates.

Persons: Dado Ruvic, Helima Croft, Alex Lawler, Olesya Astakhova, Maha El Dahan, Ahmad Ghaddar, David Goodman, Jason Neely Organizations: REUTERS, OPEC, Reuters, Saudi, Brent, RBC Capital Markets, International Energy Agency, United Nations, United, United Arab Emirates, Thomson Locations: OPEC, MOSCOW, DUBAI, Saudi Arabia, Russia, United Arab

☆ Emerging world needs climate finance and to burn coal, India says
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mukesh Gupta/File Photo Acquire Licensing RightsNEW DELHI, Nov 30 (Reuters) - Emerging economies need climate finance, help with technology and the right to pursue development, India's Prime Minister Narendra Modi said on Thursday before leaving for the UN climate summit in Dubai. The COP28 summit opened in Dubai on Thursday for two weeks of talks. Emerging powers, including India and China, often blame the developed world for having used more than its share of the available carbon resources. Earlier on Thursday, Foreign Secretary Vinay Mohan Kwatra said coal would remain India's main source of energy for years to come. "Coal is, and would, remain an important part of India's energy needs," he told reporters.

Persons: Mukesh Gupta, Narendra Modi, Vinay Mohan Kwatra, Kwatra, Sarita Chaganti Singh, Jacqueline Wong, Miral Fahmy, Barbara Lewis Organizations: REUTERS, India's, Reuters, Thomson Locations: Jammu, DELHI, Dubai, India, China, France, United States, COP28

☆ Pope says he has acute, infectious bronchitis
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

Pope Francis leads the Angelus prayer from Santa Marta chapel at the Vatican, November 26, 2023. Vatican Media/Handout via REUTERS/File Photo Acquire Licensing RightsVATICAN CITY, Nov 30 (Reuters) - Pope Francis on Thursday said he was suffering from a highly infectious and acute form of bronchitis that has prevented him from making the trip to Dubai this weekend for the COP28 climate summit. It is a very acute, infectious bronchitis," he said. During another audience on Thursday with theologians, the pope said: "Pray for me. Cardinal Secretary of State Pietro Parolin told reporters on Wednesday he expected to lead the Vatican's delegation at the climate talks in Dubai.

Persons: Pope Francis, Francis, didn't, Vatican, Pietro Parolin, Alvise Armellini, Janet Lawrence Organizations: Vatican, Handout, REUTERS, CITY, Thomson Locations: Santa Marta, Dubai

BRUSSELS/DUBAI, Nov 30 (Reuters) - Countries at the U.N.'s COP28 climate summit opening on Thursday hope to clinch an early deal on a new fund to pay for climate-caused damage, aiming to muster some political goodwill before talks turn to divisive topics including the future of fossil fuels. With finance also high on the meeting agenda, the United Arab Emirates' COP28 presidency published a proposal on the eve of the summit, for countries to adopt a new U.N. climate damage fund - raising hopes among some delegates that this could be among the first deals struck in Dubai. "Opening these negotiations is like opening Pandora's box. Adnan Amin, CEO of the COP28 summit, told Reuters this month the aim was to secure several hundred million U.S. dollars for the climate damage fund during the event. A breakthrough on the climate damage fund - which poorer nations have demanded for years - could help grease the wheels for other compromises.

Persons: Wopke Hoekstra, Adnan Amin, Kate Abnett, Valerie Volcovici, Katy Daigle, Matthew Lewis Organizations: United Arab, Reuters, The European Union, Thomson Locations: BRUSSELS, DUBAI, Dubai, United Arab Emirates, Germany, Denmark, Netherlands, China, UAE, Brussels, Washington

☆ A Climate Summit Begins With Fossil Fuels, and Frustration, Going Strong
▼ + stars: | 2023-11-30 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: +1 min

As leaders from nearly every nation on the planet gather on Thursday in the United Arab Emirates to confront global warming, many are carrying a sense of disillusionment into the annual climate summit convened by the United Nations. Countries talk about the need to cut the pollution that is dangerously heating the planet, but emissions are reaching record highs this year. Rich countries have pledged to help poor countries transition away from coal, oil and gas, but have largely failed to fulfill their promises for financial aid. After 27 years of meetings, countries still can’t agree to stop burning fossil fuels, which scientists say is the main driver of climate change. “There is skepticism of this COP — where it is and who is running it,” said Ani Dasgupta, president of the World Resources Institute, a research organization.

Persons: ”, Ani Dasgupta Organizations: United, United Nations, World Resources Institute Locations: United Arab Emirates

☆ What to watch at COP28 on Friday?
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

United Arab Emirates Minister of Industry and Advanced Technology and COP28 President Sultan Ahmed Al Jaber speaks during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky Acquire Licensing RightsDUBAI, Dec 1 (Reuters) - This year's COP28 climate summit, being held in the glitzy Middle East city of Dubai, clicks into its first full day of scheduled events on Friday. Britain's King Charles III, who has spent decades working on environmental issues, is expected to address the conference. A second day of leaders' speeches is planned for Saturday. The summit's opening on Thursday featured pleas by the COP28 president, Sultan Ahmed al-Jaber, for all parties to work together toward a consensus on the future of fossil fuels.

Persons: Sultan Ahmed Al Jaber, Amr Alfiky, Britain's King Charles III, William Ruto, Tayyip Erdogan, Volodymyr Zelenskiy, Prince Mohammed bin Salman Al Saud, Sultan Ahmed al, Jaber, Katy Daigle, Lisa Shumaker Organizations: United Arab Emirates Minister of Industry, Advanced Technology, United Nations, Change, United Arab Emirates, REUTERS, Rights, Kenyan, Saudi, Thomson Locations: Dubai, United Arab, East

This year is “virtually certain” to be the hottest year in recorded history, the World Meteorological Organization announced on Thursday at COP28, the United Nations climate summit in Dubai where delegates from nearly 200 countries, including many heads of state and government, have gathered. The organization said 2023 has been about 1.4 degrees Celsius, or about 2.5 degrees Fahrenheit, above the global average preindustrial temperature from 1850 to 1990. The past nine years have collectively been the warmest in 174 years of recorded scientific observations, with the previous single-year records set in 2020 and 2016. This comes in addition to record greenhouse gas concentrations, sea levels and concentrations of methane. “It’s a deafening cacophony of broken records,” Petteri Taalas, the secretary general of the World Meteorological Organization, said in Dubai.

Persons: ” Petteri Taalas Organizations: World Meteorological Organization Locations: COP28, United Nations, Dubai

☆ Pope Says He Has Acute, Infectious Bronchitis
▼ + stars: | 2023-11-30 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

VATICAN CITY (Reuters) - Pope Francis on Thursday said he was suffering from a highly infectious and acute form of bronchitis that has prevented him from making the trip to Dubai this weekend for the COP28 climate summit. It is a very acute, infectious bronchitis," he said. Francis said he had no fever but was on antibiotics, confirming what the Vatican said in a statement on Wednesday. During another audience on Thursday with theologians, the pope said: "Pray for me. Cardinal Secretary of State Pietro Parolin told reporters on Wednesday he expected to lead the Vatican's delegation at the climate talks in Dubai.

Persons: Pope Francis, Francis, didn't, Vatican, Pietro Parolin, Alvise Armellini, Janet Lawrence Organizations: VATICAN CITY Locations: Dubai

☆ Leaders Back a Climate Fund and Voice Frustrations at COP28
▼ + stars: | 2023-11-30 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

On the first day of the U.N.’s climate summit, known as COP28, diplomats from nearly 200 countries approved a draft plan for a fund to help poor countries hit by climate disasters. The speedy adoption of the fund, which developing nations fought more than 30 years to create, was widely viewed as a positive sign for the two-week summit in Dubai. Some climate advocates are frustrated that COP28 is being hosted by the United Arab Emirates, which is ramping up its production of oil and has been accused of using its host position to promote its fossil fuels. However, David said that recent developments offered hope for the summit. Two weeks ago, the U.S. and China, the world’s two biggest polluters, agreed to accelerate efforts to sharply increase clean energy, although they didn’t provide a timeline.

Persons: ”, David Gelles, David Organizations: United Arab Emirates Locations: Dubai, U.S, China

☆ Big Oil Bets on Hot Air in Climate Talks
▼ + stars: | 2023-11-29 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

The closing plenary at the COP27 climate summit in Sharm El Sheikh, Egypt, last year. Photo: MOHAMED ABD EL GHANY/REUTERSOil-and-gas companies are banking on a glacial pace of progress on cutting fossil-fuel use in this year’s round of climate negotiations—and they may well get it. Climate Change Conference, COP28, begins Thursday with an oily twist. It is being hosted by the United Arab Emirates, which pumps more than 3 million barrels of oil a day. is a member, will have a pavilion at the climate summit for the first time.

Persons: Sharm El Sheikh, MOHAMED ABD EL GHANY Organizations: REUTERS, United Arab Emirates, of, Petroleum Locations: Sharm El, Egypt

Such is the scene at the annual COP conference, this year being held Nov. 30-Dec. 12 in the Emirati city of Dubai. Here's how the climate summit unfolds on the ground. THE OPENING CEREMONYThe UAE has spent the last year laying the diplomatic groundwork for this year's summit. But it officially takes on the COP presidency only at the opening ceremony, which features welcome speeches and opportunities to bang the gavel. THE SCENEDuring the first few days, national leaders jet in for what is called the "High-Level Segment" involving back-to-back speeches in the venue's main plenary hall.

Persons: William James, Katy Daigle, Lisa Shumaker Organizations: UAE, Thomson Locations: Emirati, Dubai, UAE, COP26

☆ US top diplomat Blinken visits Israel to discuss Gaza truce, aid
▼ + stars: | 2023-11-29 | by ( Humeyra Pamuk | Thomson Reuters | Humeyra Pamuk Is A Senior Foreign Policy Correspondent Based In Washington Dc. She Covers The U.S. State Department | ) www.reuters.com time to read: +3 min

[1/3] US Secretary of State Antony Blinken disembarks from his airplane upon arrival at Ben Gurion Airport in Tel Aviv, Israel, on November 30, 2023. Washington's top diplomat is also expected to discuss Israel's looming offensive into southern Gaza. Israel has sworn to annihilate Hamas, which rules Gaza. On Wednesday, 16 more hostages were released by Hamas on the final day of a two-day truce extension. Following Israel, Blinken will visit the United Arab Emirates to attend a regional meeting and attend the U.N. COP28 climate summit.

Persons: Antony Blinken disembarks, SAUL LOEB, Antony Blinken, Mahmoud Abbas, Washington's, Israel, we’ll, Blinken, Humeyra Pamuk, Ali Sawafta, Rami Ayyub, Cynthia Osterman Organizations: Ben Gurion, REUTERS Acquire, West Bank, U.S, Israel, Health, United, Thomson Locations: Tel Aviv, Israel, TEL AVIV, Gaza, The U.S, Brussels, U.S, United Arab Emirates, Ramallah

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 29 (Reuters) - Ahead of this year's COP28 climate summit in Dubai, U.N. agencies have released several reports offering updates on global progress in limiting climate change. Emissions Gap Report. The report, released on Nov. 20, looks at how countries' planned climate action compares with what is needed to meet global climate goals. The report analyzes the difference between planned fossil fuel production and the amount deemed consistent with meeting global climate goals. In 2009, developed countries pledged to provide $100 billion per year in climate finance to developing nations.

Persons: Eduardo Munoz, wean, NDCs, Rich, Gloria Dickie, David Stanway, Susanna Twidale, Katy Daigle, Jan Harvey Organizations: U.S, REUTERS, Programme, UNEP, Thomson Locations: New York, New York City , New York, U.S, Dubai, U.N, Paris, China, Norway, Qatar, UAE, London, Singapore

☆ Harris to Stand In for Biden at U.N. Climate Conference
▼ + stars: | 2023-11-29 | by ( Michael D. Shear | More About Michael D. Shear | ) www.nytimes.com time to read: +1 min

Vice President Kamala Harris will attend the annual United Nations climate summit in Dubai on Friday and Saturday, standing in for President Biden, who will skip the event for the first time since taking office. A spokeswoman for Ms. Harris said in a statement on Wednesday that while at the summit, known as COP28, the vice president would “underscore the Biden-Harris administration’s success in delivering on the most ambitious climate agenda in history, both at home and abroad.”But her presence is unlikely to satisfy some climate activists, who have said that Mr. Biden’s decision to skip the summit — which is being attended by nearly 200 leaders from around the world — will undermine international efforts to confront the planet’s changing climate. White House officials have said Mr. Biden is consumed with other global issues, including the war between Israel and Hamas and securing funding for Ukraine in its fight against Russia’s invasion, which has become the subject of an intense congressional clash in recent days.

Persons: Kamala Harris, Biden, Harris Organizations: Hamas, Ukraine Locations: United Nations, Dubai, Israel

☆ COP28 host UAE lashes out at ‘fake news’ on eve of the major UN climate summit
▼ + stars: | 2023-11-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The Blue Zone entrance at the Dubai Exhibition Center ahead of the COP28 climate conference at Expo City in Dubai, United Arab Emirates, on Wednesday, Nov. 29, 2023. More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world's slide toward environmental catastrophe. Photographer: Annie Sakkab/Bloomberg via Getty ImagesDubai, UNITED ARAB EMIRATES — The United Arab Emirates on Wednesday hit back at what it described as "fake news" designed to undermine its work as the host of the COP28 climate conference. "This press release was not issued by the COP28 team, has no basis in truth, and must be entirely disregarded as fake news," the official COP28 UAE account said Wednesday in a post on X, formerly known as Twitter. "Official COP28 news will only be published via our verified social media and our press office," it added.

Persons: Annie Sakkab, COP28, Sultan Al, Jaber Organizations: Dubai Exhibition Center, Expo, Bloomberg, Getty Images, UNITED, EMIRATES, United, United Arab Emirates, United Nations, Abu Dhabi National Oil Co, Al Locations: Dubai, United Arab Emirates, Getty Images Dubai, United Arab, UAE, Abu Dhabi

Greenhouse gas emissions from burning fossil fuels are the biggest cause of climate change. "We have a world which has more fossil fuels than ever," said Ani Dasgupta, president of the World Resources Institute, a climate NGO. U.S. officials and others are hopeful a recent climate deal between the U.S. and China may also set a positive tone for the talks. Another test is whether wealthy nations announce money for the fund at COP28 - to the tune of hundreds of millions of dollars. "Speaking from previous experience, unfortunately most of the global agreements, most of the global climate related pledges went uncompleted," said Najib Ahmed, National Consultant at Somalia's Climate Ministry.

Persons: Sultan al, Jaber, ADNOC, Ani Dasgupta, Narendra Modi, Britain's King Charles, Joe Biden, Gayane, Najib Ahmed, Valerie Volcovici, Josie Kao Organizations: OPEC, United Nations, International Energy Agency, BBC, World Resources Institute, Indian, European Union, Reuters, U.S, FINANCE, EU, Climate Ministry, “, Thomson Locations: Paris, France, WASHINGTON, BRUSSELS, Dubai, UAE, U.S, China, India

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