Climate Change Talks in Dubai are overshadowed by fossil fuel supporters.

A flurry of conferences held around Dubai this week addressed the climate change problem, or at the very least recognized that a shift away from fossil and toward cleaner energy sources is necessary to keep temperature continue increasing.

The obvious flaws, on the other hand, are when to do this. More, not less, investment in oil and gas is required by fossil fuel producers, such as the UAE, who sponsored the conferences.

At an energy event in Dubai, UAE Minister of Energy Suhail al-Mazrouei remarked, “We absolutely need to incorporate all available resources at this moment.”

“We can’t disregard or claim we’re going to stop producing anything.” “Whatever justification you have, it’s just not the appropriate moment,” he added, saying that it would raise prices for millions of people throughout the world.
It was a constant drumbeat in Dubai this week, highlighting the major role that fossil fuel producers want to play in the world climate change issue. It reverberated at the Atlantic Institute World Energy Forum, the Global Government Summit, as well as a Dubai climate week here in collaboration with the UN.

OPEC Secretary-General Mohammad Sanusi Barkindo stated that producers can discuss concerns regarding climate change during the forthcoming United Nations climate meetings in Egypt, known as COP27, and next year’s COP28 in the UAE.

Limiting global temperature increase to 1.5 ° c degrees Celsius (2.7 degrees Fahrenheit) and also the role of oil & gas, he argued, “are not mutually contradictory.” That level of warming in comparison to which was before times is a baseline, according to experts, and exceeding this will subject people all around the world to significantly more extremes.

Proponents of further fossil fuel investments used the present high oil prices as evidence of the global need for oil to make their case. States such as the The Us, the United Kingdom, and others have been mocked for advocating for a long-term reduction in fossil fuel consumption while also appealing for some more oil to lower consumer costs.

The U.n Intergovernmental Panel on Climate and other international bodies had also stated that new funds in fossil fuel infrastructure should be avoided in order to address climate change, and that the fuels that are primarily responsible for climate change must be phased out over time.

This was reaffirmed in such a 350-page report released last week by the Global Wind Energy Council, which stated that nation must take “radical action” to transition away from fossil by spending $5.7 trillion every year until 2030. Each year, $700 billion in investments should be redirected out from fossil fuel sector, according to IRENA, which is located in the UAE city of Abu Dhabi.

According to OPEC, which is led by Saudi Arabia, more oil will be required until 2040 and beyond, notably in Asia.

Brent crude is currently trading around $105 / barrel, the highest level in eight years. The prices are beneficial not just to the oil-dependent economy of Saudi Arabia and the United Arab Emirates, but also to Russia, since they relieve some of the pain caused by US-led sanctions due to the Ukraine conflict.

“Take a look at what’s going on right now. Who is currently debating climate change? “Who’s talking about putting energy security first and foremost?” Saudi Arabia’s Minister Prince Abdulaziz bin Salman remarked at the World Summit in Dubai, in a provocative but cautious comment.

Countries would lose the ability to combat climate change if energy security is not ensured, he added.

Recent data reveal that, despite tremendous focus on renewable energy, global emissions of gases that cause global warming are increasing, not decreasing, as energy demand rises and fossil fuel use expands.

Kristalina Georgieva, Managing Director of the International Monetary Fund, urged rich economies to reach the objective of giving $100 billion in climate funding to poor nations each year. She made the statements this week at the World Government Summit in Dubai, where she launched an IMF study titled “Feeling the Heat” on the Middle East’s adaptation to climate change.

It left Yara Wael, 23, of Alexandria, Egypt, both delighted and perplexed as her nation prepares to host this year’s important global climate meeting. She works for Banlastic, an Egyptian organisation dedicated to eliminating only one polypropylene, so this was her 1st vacation outside of Egypt.

She remarked on how the coffee and tea cups might be recyclable or recyclable, and inquired as to where the buffet’s leftover food was going.

“We have to think about ourselves and what we’re doing today when we conduct an event on the environment or climate change,” she added.

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