DUBAI: With less than 48 hours left before the UN climate summit officially comes to an end, oil producers Saudi Arabia and Iraq resisted moves to agree to a phase-out of fossil fuels, a key demand at the COP28. Over 80 countries, including the US, European Union and members of Pacific Island states threatened by rising seas have been some of the most vocal in calling for a phase-out of oil, gas and coal. COP28 President Sultan Al Jaber urged negotiators on Sunday to work harder to find consensus, inviting ministers to give their views at a majlis-style consultation. He said he was asking all countries to suggest wording for a consensus on fossil fuels, adding: “Now, the time has come for all parties to constructively engage… Failure is not an option”. The main obstacle to an agreement has been the entrenched stance of OPEC members, led by Saudi Arabia, who argue that the focus of the COP28 should be on reducing emissions, not on targeting the fuel sources that cause them.
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