As with all COP meetings, the COP 28 meeting in Dubai also ran overtime and finally agreed on consensus language relating to fossil fuels: the bugbear of all climate activists. The main outcome of the COP 28 may be summarised as follows:
(1) Mention of fossil fuels for the first time which has caused people to go ecstatic. Strictly speaking, fossil fuels comprise coal, oil and gas. However, Coal has been the subject of discussion in past COPs so it is fair to say that Oil and Gas find mention for the first time in a COP meeting.
(2) Phase-down of Coal was agreed upon in Glasgow (2021) with India bang in the middle of the controversy surrounding it. But the ”UAE Consensus” now talks of “transitioning away” from fossil fuels in a just, equitable and orderly manner. There is a technical difference between “phasing-down” and “transitioning away”. The former signals an end goal; the latter is a notional undertaking.
(3) More problematic for countries like India is the stated goal of achieving global net zero by 2050. India has already announced that it will aim to do so by 2070. There is simply no way India can revise forward its already announced target in this regard. So developed countries will have to go “net negative” if this goal of net zero by 2050 along with the increasingly chimerical objective of limiting global warming to1.5 degree centigrade is to be met by the world.
(4) China and US, the two biggest GHG emitters on this planet can go around doing what they have been doing: China burns more Coal than the entire world put together and the US is the largest producer of oil and gas in the world. China shows no sign whatsoever of fulfilling the Glasgow promise of phasing-down Coal. US will continue to produce oil and gas for the foreseeable future with an unknown transition period.
(5) The Loss and Damage Fund was operationalised but with highly inadequate funds. Alliance of small island states (AOSIS) are known to be unhappy at the UAE consensus document. Indeed many of them were not even in the room when the document was gavelled. They will now have to be enticed with financial incentives.
(6) India can be justifiably happy that the Delhi G20 Summit declaration language of tripling global renewable energy capacity and doubling the rate of energy efficiency by 2030 was reflected in the final COP 28 document.
(7) On the crucially important issue of climate finance, there is a declaration on a Global Climate Finance Framework but little else. Lots of good intentions in the UAE consensus document but it is fair to sat that the developing countries are yet to see the colour of the money.
This is one of the COP meetings where India appears to have kept a low profile. This is smart diplomacy. In the past, India has sometimes taken a needlessly high profile or allowed itself to be bracketed with China which is a far bigger producer of GHG emissions than India will ever be. By focusing on climate justice and equity, India made its case softly but firmly in Dubai. The language in the final document accepts the need for equity and fairness.
India can certainly live with the so-called UAE consensus document. Some caveats however. We must emphasize that energy transition in countries such as India must be just, orderly and equitable, as suggested in the final document. Especially in the case of Coal, India has to work this out carefully. Second, while the world appears to favour a net zero by 2050, individual countries like India must be given flexibility in this regard. Last, on Methane a difference must be made between industrial emissions and those emanating from Agriculture. 70 percent of India’s Methane emissions are from Agriculture. COP 28 talks of accelerating and substantially reducing non-carbon-dioxide emissions globally, including in particular methane emissions by 2030. Agriculture is politically sensitive and India has an uphill task in this area.
It is important to underscore that COP declarations are non-binding and only provide broad guidance. At the end of the day, it is for individual countries to implement the general pledges made at COP meetings through what is known as Nationally Determined Contributions (NDCs). The next round of strengthened NDCs is due in 2025. That is when we will know whether the world is on track to achieve the overall goal of limiting global warming to 2 degree centigrade (1.5 degree centigrade is already a pipedream) or whether this COP was all meaningless rhetoric. In particular, the NDCs of the two big polluters, namely China and US, when they come out in 2025 will be closely watched by the world. India too will come under pressure and must already start preparing the ground for the next round of NDCs.
It has been stated, somewhat ambitiously, that the COP 28 meeting is the beginning of the end for fossil fuels. The jury is still out on that.