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COP28, the International 'Conference of the Parties', 28th Summit

The Dubai, UAE, Meet Up Concludes with a 'Mix of Messages'


CNBC

The latest proposal published by the UAE early on Wednesday. Dec. 13, called for “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science.”


Economist

The COP28 deal might be historic, but there are many caveats...'


Reuters

Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, signalling the eventual end of the oil age.

The deal struck in Dubai after two weeks of hard-fought negotiations was meant to send a powerful message to investors and policy-makers that the world is united in its desire to break with fossil fuels, something scientists say is the last best hope to stave off climate catastrophe.

COP28 President Sultan al-Jaber called the deal "historic" but added that its true success would be in its implementation.

"We are what we do, not what we say," he told the crowded plenary at the summit. "We must take the steps necessary to turn this agreement into tangible actions."

Several countries cheered the deal for accomplishing something that until now eluded decades of climate talks.

"It is the first time that the world unites around such a clear text on the need to transition away from fossil fuels," Norway's Minister of Foreign Affairs Espen Barth Eide said.

More than 100 countries had lobbied hard for strong language in the COP28 agreement to "phase out" oil, gas and coal use, but came up against powerful opposition from the Saudi Arabia-led oil producer group OPEC, which said the world can cut emissions without shunning specific fuels.

That battle pushed the summit a full day into overtime on Wednesday, and had some observers worried the negotiations would end at an impasse...


Financial Times

COP28 is better than feared, but less than needed

Call to move away from fossil fuels lacks deadlines to phase them out...


NY Times

Two Words That Could Change the World

An unlikely breakthrough on fossil fuels at COP28


They are just two little words. They appear on just one page of an 11,000 word document.

But the inclusion of the phrase “fossil fuels” in the final agreement from COP28 marks a potentially trajectory-altering moment in the fight against climate change. The global pact calls for “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner.”

For almost 30 years, negotiators representing nations from around the world had struggled and failed to reach an obvious consensus: that the burning of fossil fuels like coal, oil and gas should be wound down to avoid further catastrophic global warming.

But overnight, representatives from more than 170 countries arrived at a surprising deal, in Dubai of all places.

The text is not as clear as many leaders, activists and scientists had hoped. It includes caveats and wiggle room, and is nonbinding. Nevertheless, the inclusion of explicit language calling for a move away from coal, oil and gas is being hailed as a major breakthrough...


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