AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

DOHA: Arab officials on Tuesday hit out at attempts to secure a phase-out of fossil fuels at COP28 as they met for a conference on regional energy cooperation in Doha.

Campaigners had hoped the UN climate summit in Dubai could deliver a historic, global phasing out of the high-emission fuels which account for three-quarters of greenhouse gasses.

However, Kuwait’s oil minister dismissed the proposal as an “aggressive attack”, and accused Western nations of trying to dominate the global economy through alternative energy sources.

“I am amazed at this extraordinary insistence on depriving peoples and many countries, most of them in the developing world, of a basic source of energy,” Saad Hamad Nasser Al Barrak told the meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC).

The Kuwaiti official lambasted the approach as “racist and colonial”, saying it amounted “to cutting off important parts of our economies in the region on which our future depends”.

Barrak called the move “completely unacceptable”, and added that he wondered on that basis how the negotiations at the climate conference “lasted this long”.

Saudi Arabia, the world’s largest oil exporter, has led opposition at the UN climate summit to the move away from hydrocarbons.

On Tuesday, Western powers and those nations most threatened by climate change fought against Saudi Arabia for stronger calls on exiting fossil fuels as negotiators worked past a host-set deadline at the summit.

In Doha, Iraq’s oil minister, Hayyan Abdul Ghani Al Sawad, said “fossil fuels will remain the major source of energy in the whole world. We cannot phase out the use of that energy.” He also took aim at nations that consume fossil fuels. “We as Arab countries, we produce this energy, but we are not the producer of emissions,” he said.

Comments

Comments are closed.