Planned UN climate accord a blow to fossil fuels: green grou...| MENAFN.COM

Wednesday, 01 February 2023 03:47 GMT

Planned UN climate accord a blow to fossil fuels: green groups

(MENAFN- AFP) A planned global accord to tame global warming released at UN talks in Paris on Saturday would be a huge blow to the fossil-fuel industry, Greenpeace and other prominent environment groups said.

"The wheel of climate action turns slowly, but in Paris it has turned. This deal puts the fossil fuel industry on the wrong side of history," Greenpeace International executive director Kumi Naidoo said.

Greenpeace and other major green groups gave a mixed report card on the many details in the planned accord, which still needs to be endorsed by ministers from 195 nations at the talks.

But they emphasised that by striving to limit warming to 1.5 degrees C (2.7 degrees Fahrenheit) over pre-Industrial Revolution temperatures, the accord was crucial.

"That single number, and the new goal of net zero emissions by the second half of this century, will cause consternation in the boardrooms of coal companies and the palaces of oil-exporting states," Naidoo predicted.

May Boeve, executive director of, an organisation pressing financial institutions to divest from fossil fuels, also said the 1.5C reference was essential.

"This marks the end of the era of fossil fuels. There is no way to meet the targets laid out in this agreement without keeping coal, oil and gas in the ground," Boeve said.

"The text should send a clear signal to fossil fuel investors: divest now."

Emma Ruby-Sachs, acting executive director of Avaaz, another prominent campaigning group that helped organise giant rallies around the world before the talks started last month, expressed similar sentiments.

"If agreed, this deal will represent a turning point in history, paving the way for the shift to 100-percent clean energy that the world wants and the planet needs," Ruby-Sachs said.

"By marching in the streets, calling leaders and signing petitions, people everywhere created this moment, and now people everywhere will deliver on it to secure the future of humanity."

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