COP28 Considers Fossil Fuel Phase-Out in Final Climate Deal

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COP28 tables fossil fuel phase-out as summit deal

  • Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part of the UN summit’s final deal.
  • Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year.
  • The draft of the final agreement from COP28 proposed “an orderly and just phase-out of fossil fuels.”
  • The CEOs of several major energy firms argued in favour of oil and gas at the COP28 main stage.
  • COP28 tables fossil fuel phase-out as summit deal

    Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part of the UN summit’s final deal to tackle global warming, a draft negotiating text seen on Tuesday shows. The proposal is certain to spark heated debate among the nearly 200 countries attending the two-week conference in Dubai, with Western governments pushing for the language to be included, while oil and gas producers are keen to leave it out.

    Global Concerns

    Research published on Tuesday showed global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, fuelling concerns among scientists that efforts to combat climate change are not enough to avert its worst impacts.

    Industry Debate

    On the COP28 main stage, the CEOs of several major energy firms argued in favour of oil and gas,…

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