{"id":132530,"date":"2024-07-22T07:52:01","date_gmt":"2024-07-22T04:52:01","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/fossil-fuel-extraction-compatible-with-climate-action-says-cop29-host-azerbaijan\/"},"modified":"2024-07-22T07:52:01","modified_gmt":"2024-07-22T04:52:01","slug":"fossil-fuel-extraction-compatible-with-climate-action-says-cop29-host-azerbaijan","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/fossil-fuel-extraction-compatible-with-climate-action-says-cop29-host-azerbaijan\/","title":{"rendered":"Fossil fuel extraction compatible with climate action, says COP29 host Azerbaijan"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/132530\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The Azerbaijani presidency made that claim while presenting a flurry of initiatives for the Baku summit. Azerbaijan, the host of this year\u2019s global climate talks, has suggested that continued fossil fuel extraction is compatible with the Paris Agreement. With four months to go until COP29 kicks off in Baku, the Azerbaijani presidency on Friday announced a flurry of \u201cinitiatives\u201d \u2014 a set of 14 non-binding pledges and partnerships that countries are encouraged to sign up to at the summit.<\/p>\n<p>At the same press conference, the summit\u2019s chief executive Elnur Soltanov suggested that the Paris climate accord \u2014 under which countries agreed to keep global warming below 2 degrees Celsius and ideally to 1.5C \u2014 does not necessarily mean reducing fossil fuel production. \u201cTo be 1.5C-aligned is the goal,\u201d said Soltanov, who also serves as Azerbaijan\u2019s deputy energy minister, when asked if Baku believed that countries\u2019 climate plans could include continued expansion of oil, gas and coal.<\/p>\n<p>But he added: \u201cWe should somehow delineate between a 1.5C alignment and this view about hydrocarbons.\u201d Citing projections that some fossil fuels will still be needed for energy and other uses even if the world reaches climate neutrality by mid-century, Soltanov said: \u201cThere is a certain compatibility between them.\u201d He added: \u201cI think we should be talking more about emissions, which is really what causes global warming. So in that sense, I really believe that you can still be 1.5C-aligned and also \u2014 as I said, according to different models \u2026 hydrocarbons will continue to be the key.\u201d<\/p>\n<p>Azerbaijan is a major producer of oil and gas, and has plans to step up extraction. Its President Ilham Aliyev recently described his country&#8217;s fossil fuel reserves as \u201ca gift of the gods.\u201d Last year, the United Arab Emirates\u2019 COP28 presidency came under fire for an initial focus on tackling emissions \u2014 implying the widespread use of carbon capture, a technology untested at scale \u2014 rather than fossil fuels, the main cause of climate change. The Dubai summit eventually ended with a landmark call on governments to transition away from fossil fuels. None of the 14 initiatives Azerbaijan presented on Friday directly address fossil fuel use.<\/p>\n<p>The headline announcement was a new \u201cClimate Finance Action Fund\u201d (CFAF) to be headquartered in Baku, financed with \u201cvoluntary contributions\u201d from countries and companies that produce fossil fuels. Azerbaijan will be a founding contributor, COP29 lead negotiator Yalchin Rafiyev said at the press conference.<\/p>\n<p>But the CFAF won\u2019t become reality before at least 10 countries have collectively pledged $1 billion, he added. Rafiyev declined to say how much the Azerbaijani government was planning to contribute or which potential contributors the presidency has already contacted. Besides the fund, the presidency\u2019s acronym-heavy announcement included, among other schemes, a \u201cGreen Energy Pledge\u201d focused on infrastructure and regulation, a pledge to increase worldwide green energy storage capacity to 1,500 gigawatts by 2030, a \u201cCOP Truce Appeal\u201d calling for a global ceasefire during the summit, and a partnership for \u201cenhanced climate action\u201d in the tourism sector.<\/p>\n<p>At the same time, negotiations on the core outcome of the summit \u2014 a new, large-scale financial aid target to support climate action in developing countries \u2014 remain deadlocked. The COP29 presidency is hosting an informal negotiators&#8217; \u201cretreat\u201d next week in an effort to make progress.<\/p>\n<p>\u201cA successful COP in Baku is more important than ever,\u201d said United Nations climate chief Simon Stiell, who was present for the start of Friday&#8217;s press conference via video link. \u201cAnd let me be honest, we have our work cut out for us. This will be a tough meeting. There is much to do.\u201d<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.politico.eu\/article\/fossil-fuel-extraction-cop29-azerbaijan-climate-action-oil\/\">Politico<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/fossil-fuel-extraction-compatible-with-climate-action-says-cop29-host-azerbaijan\/\">Fossil fuel extraction compatible with climate action, says COP29 host Azerbaijan<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[12818,575,702],"class_list":["post-132530","post","type-post","status-publish","format-standard","hentry","category-news","tag-cop29","tag-environmental-news-en","tag-fossil-fuel"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/132530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=132530"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/132530\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=132530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=132530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=132530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}