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'Time to deliver': pressure grows for climate deal in Dubai - The Mountaineer

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'Time to deliver': pressure grows for climate deal in Dubai | National | themountaineer.com

The president of the UN's COP28 climate talks urged negotiators to compromise on Sunday, warning "failure is not an option" as efforts to reach a deal on phasing out fossil fuels met resistance from top oil exporter Saudi Arabia.

Less than 48 hours before Tuesday's scheduled deadline, the United Arab Emirates' COP28 chief Sultan Al Jaber said: "I want everyone to show flexibility to act with urgency and to find the common ground.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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