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As Cop28 begins in Dubai, the podcast discusses the controversy surrounding the summit, the urgent need for climate action amidst record-breaking temperatures, the role of an oil executive as president of COP 28, the global stock take and ratchet mechanism in the Paris Agreement, and the influence of fossil fuel interests at the summit.
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- The controversy surrounding the UAE hosting COP28 due to allegations of using the summit for oil and gas deals raises concerns about the credibility of the conference.
- Positive developments at COP28 include progress in meeting climate finance targets and addressing funds for countries affected by climate disasters, but challenges persist with rising temperatures and emissions.
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Fossil fuel deals alleged at COP 28
The United Arab Emirates (UAE), the host of the UN Climate Talks, faces allegations of using the summit as an opportunity to make oil and gas deals, which has raised concerns about the credibility of the summit. Despite the record-breaking temperatures and the need to end oil and gas extraction, an oil-producing state hosting a climate summit is seen by some as ironic. The president of COP 28, Sultan Al-Jaba, denies these allegations, but his position as an oil executive has been criticized. The question remains whether world leaders can reach meaningful agreements to protect the planet in such a context.
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