Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Zero carbon emission goal not 'realistic': Saudi Arabia
by Staff Writers
Lima (AFP) Dec 09, 2014


Setting a target of zero carbon emissions by 2050 is not "realistic," Saudi Arabia's chief negotiator at UN talks for a new, world climate pact said in Lima Monday.

"The zero-emissions concept -- or let's knock out fossils fuels out of the picture without clear technology diffusion and solid international cooperation programs -- does not help the process," the oil giant's envoy, Khalid Abuleif, told journalists on the sidelines of the talks.

"I do not think this is realistic when two billion people do not have access to energy."

Nations are gathered in the Peruvian capital to draft the outlines of a pact to curb potentially disastrous global warming by slashing greenhouse gas emissions from fossil fuels like coal, oil and gas.

The zero-emissions target is one option proposed in a draft negotiating document.

"When you say zero emissions without advancing carbon capture utilization and storage technology, you are sending a signal that is not really beneficial to the process," insisted Abuleif.

Setting such a target would be "very challenging to the future sustainable development of oil exporters," he said, adding any deal had to be "realistic and pragmatic."

Nations gathered in Lima are deeply divided on sharing out responsibility for carbon curbs, which requires a costly shift from cheap and abundant fossil fuels to less polluting energy sources.

Developing countries want rich nations to bear a bigger share of the burden, given their longer history of pollution and superior technology and resources.

But developed nations like the United States and Australia point the finger at major developing emitters that rely heavily on fossil fuel to power their rapid growth.

Saudi Arabia pumps about 9.7 million barrels of oil per day.

Last week, Standard and Poor's lowered the outlook for the world's top oil exporter to stable from positive on sliding oil prices, after the nation slashed the price of crude its sells to Asia and the United States in what analysts said was a bid for more market share.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Is natural gas a 'bridge' to a hotter future?
Washington DC (SPX) Dec 09, 2014
Natural gas power plants produce substantial amounts of gases that lead to global warming. Replacing old coal-fired power plants with new natural gas plants could cause climate damage to increase over the next decades, unless their methane leakage rates are very low and the new power plants are very efficient. These are the principal findings of new research from Carnegie's Ken Caldeira an ... read more


OIL AND GAS
US sets clean-energy trade mission to China

Norway increases Green Climate Fund contribution

Germany steps up efforts to reduce carbon emissions

Matched "hybrid" systems may hold key to wider use of renewable energy

OIL AND GAS
Ferry charge station uses Corvus lithium energy storage system

Corvus Energy Announces Liquid Cooled Version of Industrial Lithium Battery

Chinese power companies pursue smart grids

A Better Look at the Chemistry of Interfaces

OIL AND GAS
Central America's new coffee buzz: renewable energy

Boeing completes test flight with 'green diesel'

Sweet Smell of Success: Researchers Boost Methyl Ketone Production

Single-atom gold catalysts may enable cheap output of fuel and chemicals

OIL AND GAS
Hungary to start Russian-funded nuclear plant expansion in 2018

China Approves Major New Scheme to Boost Nuclear Power: Reports

Finland Parliament Approves Nuclear Power Plant Construction With Russia

None of Rosatom's International Contracts Affected by Sanctions: CEO

OIL AND GAS
California's drought worst in 1,200 years

How Soil Microorganisms Get Out of Step through Climate Change

India says will not be bulldozed at climate talks

2014 poised for hottest year on record: UN

OIL AND GAS
Paris mayor wants limits on cars in centre, end to diesel

US city of Portland sues Uber

Dongfeng, Huawei partner for Internet-enabled cars

Uber now valued at $40 bn

OIL AND GAS
Iran says it carried out air strikes in Iraq: report

Car bombs in Kirkuk, Baghdad kill 33

Kerry says any Iran strikes against IS 'positive'

Iraq PM dismisses 24 interior ministry commanders

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.