China, Saudi seek to block anti-fossil fuel language in UN climate deal –sources
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
February 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, FEBRUARY 07, 2023
China, Saudi seek to block anti-fossil fuel language in UN climate deal –sources

World+Biz

Reuters
13 November, 2021, 10:15 am
Last modified: 13 November, 2021, 10:20 am

Related News

  • US pauses activity at three airports for "national security effort" amid questions about Chinese spy balloon
  • China strongly opposes US move to shoot down unmanned airship
  • US fighter jet shoots down suspected Chinese spy balloon with missile
  • China balloon: Many questions about suspected spy in the sky
  • Senior Chinese official calls for timely communication between China, US to avoid misjudgment

China, Saudi seek to block anti-fossil fuel language in UN climate deal –sources

Other Western nations, including members of the European Union and Britain, are also pushing to keep the reference to removing fossil fuels subsidies

Reuters
13 November, 2021, 10:15 am
Last modified: 13 November, 2021, 10:20 am
Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. Photo: Reuters
Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. Photo: Reuters

China and Saudi Arabia are among a group of countries seeking to prevent the UN climate deal in Scotland from including language that opposes fossil fuel subsidies, according to two sources close to the negotiations.

The issue of subsidies for oil, gas, and coal has become a major sticking point at the summit, where negotiators have already blown past a Friday deadline to strike an agreement aimed at keeping alive a goal to limit global warming to 1.5 degrees Celsius.

Existing drafts of the agreement negotiated over the past two weeks would request that governments unwind public financial support for fossil fuels, which scientists say are the primary drivers of human-caused climate change.

US special climate envoy John Kerry told the summit on Friday that trying to curb global warming while governments spend hundreds of billions of dollars supporting the fuels that cause it was "a definition of insanity".

Other Western nations, including members of the European Union and Britain, are also pushing to keep the reference to removing fossil fuels subsidies.

The two sources, who asked not to be named because they are not authorized to speak publicly about the talks, said China and Saudi Arabia were pushing to have the language removed.

Efforts to reach the Saudi and Chinese delegations Friday evening were unsuccessful.

China, the world's top emitter of greenhouse gases, is a significant oil and coal producer.

Earlier this week, China announced a joint agreement with the United States at the Glasgow summit to ramp up its ambitions to fight climate change, including by accelerating its phase down of coal this decade and by curbing methane emissions.

Saudi Arabia is a major crude producer and the defacto head of the Organisation of the Petroleum Exporting Countries.

Saudi Energy Minister Prince Abdulaziz bin Salman Al-Saud told the conference earlier this week that a deal to fight climate change should not target any one particular source of energy, arguing emissions can be brought down by other means. 

Top News / China / Middle East

china / Saudi / fossil fuel

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • RMG turns to India from China to get cheaper man-made yarn
    RMG turns to India from China to get cheaper man-made yarn
  • Country's revenue earnings were Tk40,000cr more in last fiscal: Finance Minister
    Country's revenue earnings were Tk40,000cr more in last fiscal: Finance Minister
  • The world's richest person is trying to head off a succession battle
    The world's richest person is trying to head off a succession battle

MOST VIEWED

  • An aerial view shows damaged and collapsed buildings following an earthquake, in Kahramanmaras, Turkey February 7, 2023. REUTERS/Stringer
    Next day crucial for saving many lives in Turkey, Syria
  • The world's richest person is trying to head off a succession battle
    The world's richest person is trying to head off a succession battle
  • Rescuers search through rubble of collapsed buildings following an earthquake, in the rebel-held town of Sarmada, Syria February 6, 2023 in this still image obtained from a drone footage. WHITE HELMETS /Handout via REUTERS
    Syrians abroad fear political rifts will stop aid reaching quake victims
  • Photo: Reuters
    A tragedy that will also shake up the region's geopolitics
  • Photo: Collected
    Syria newborn pulled alive from quake rubble
  • Photo: Collected
    India plans to promote green tourism during G20 presidency

Related News

  • US pauses activity at three airports for "national security effort" amid questions about Chinese spy balloon
  • China strongly opposes US move to shoot down unmanned airship
  • US fighter jet shoots down suspected Chinese spy balloon with missile
  • China balloon: Many questions about suspected spy in the sky
  • Senior Chinese official calls for timely communication between China, US to avoid misjudgment

Features

Photo: Reuters

A tragedy that will also shake up the region's geopolitics

2h | Panorama
Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

13h | Habitat
Benefits of having high ceilings in your new home

Benefits of having high ceilings in your new home

12h | Habitat
Each Reverse Osmosi plant can produce approximately 8,000 litres of drinking water a day for around 250 families. Photo: Sadiqur Rahman

A drop in the ocean of persistent water crisis

14h | Panorama

More Videos from TBS

30% companies see double-digit growth even in hard times

30% companies see double-digit growth even in hard times

5h | TBS Insight
Challenging time waiting for RMG

Challenging time waiting for RMG

11h | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

12h | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

12h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]