COP28: Nations Agreed To Transition Away From Fossil Fuel

by | Dec 14, 2023 | Daily News, Environmental News

Home » Environmental News » COP28: Nations Agreed To Transition Away From Fossil Fuel

The Nations agreed to transition away from fossil fuel in a historic move during the nearly two-week-long talks, attended by close to 200 nations. The aim was to make progress on addressing climate change in the wake of extreme weather events worldwide. Expectations were modest, given the United Arab Emirates’ oil-rich status and the COP28 president’s dual role as the CEO of Abu Dhabi oil giant Adnoc, sparking concerns about a potential conflict of interest.

Nations agree on transition away from fossil fuel

After constant decline and debate, nations at the UN climate summit held in Dubai have collectively decided to explicitly target the use of fossil fuels for the first time. The agreement, however, falls short of the earlier, more robust language of “phasing out” fossil fuels, opting instead for a commitment to “transition away” from coal, oil, and gas.

The Nations agreed to transition away from fossil fuel in a historic move that came unexpectedly and met with cheers and a standing ovation in the plenary room. However, representatives from small island nations expressed discontent, asserting that the deal was rushed through without their full participation.

The 21-page agreement acknowledges the need for countries to contribute to the “transition away” from fossil fuels in a just and equitable manner. It also recognizes the likelihood of global emissions peaking before 2025, with developing nations possibly reaching this milestone later.

Critics argue the deal was softened due to pushback from oil-producing nations, including Saudi Arabia, and poorer nations reliant on fossil fuel exports. Despite the compromise, some activists and scientists believe the deal needs to be stronger and more comprehensive in addressing global emissions.

US Climate Envoy John Kerry, acknowledging the deal’s limitations, expressed optimism in light of global conflicts, while European Union officials celebrated it as a historic achievement. The UK climate minister deemed it the “beginning of the end of the fossil fuel era.

Despite varied reactions, the deal signifies a collective step towards transitioning from fossil fuels. However, concerns about the agreement’s effectiveness in curbing emissions and achieving global climate goals linger. With countries facing a six-year target to cut greenhouse gas emissions by 45%, the deal’s effectiveness will be closely monitored. The selection of gas-rich Azerbaijan as the host for the 2024 UN climate talks adds another layer to the ongoing global conversation on fossil fuels and climate action.

Also Read: Brazil To Restart Import Taxes On Wind Turbines & Solar Panels

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