The world agreed to a new climate deal in Dubai on Wednesday at the COP28 summit after two weeks of painstaking talks, making an unprecedented call to transition away from fossil fuels, but using vague language that could allow some countries to take minimal action. <\/p>\n
The gavel went down on the agreement, known as the Global Stocktake, in the morning after the talks were pushed into overtime by marathon negotiations between countries bitterly divided over the future role for oil, gas and coal. <\/p>\n
COP28 President Sultan Al Jaber called the agreement \u201chistoric\u201d in his speech before national delegates at the final session approving the agreement. \u201cWe have language on fossil fuels in our final agreement for the first time ever,\u201d he said, adding that the deal represented \u201ca paradigm shift that has the potential to redefine our economies.\u201d <\/p>\n
Some countries claimed the deal signaled the end of the fossil fuel era, but more ambitious nations and climate advocates said it was still far from sufficient to reflect the growing urgency of the climate crisis. <\/p>\n
\u201cAt long last the loud calls to end fossil fuels have landed on paper in black and white at this COP,\u201d said Jean Su, the energy justice director at the Center for Biological Diversity, \u201cbut cavernous loopholes threaten to undermine this breakthrough moment.\u201d <\/p>\n
The agreement falls short of requiring the world to \u201cphase-out\u201d oil, coal and gas \u2014 which more than 100 countries and many climate groups had been calling for, language which was included in an earlier version of the draft. <\/p>\n
Instead, the agreement \u201ccalls on\u201d countries to \u201ccontribute\u201d to global efforts to reduce carbon pollution in ways they see fit, offering several options, one of which is \u201ctransitioning away from fossil fuels in energy systems \u2026 accelerating action in this critical decade, so as to achieve net zero by 2050.\u201d <\/p>\n
Key takeaways:<\/strong> What does the COP28 deal say?<\/p>\n COP28 has taken place at the end of a year defined by unprecedented global heat, which has driven deadly extreme weather, including record wildfires, deadly heat waves and catastrophic floods. This year is officially the hottest on record, due to a combination of human-caused global warming and El Ni\u00f1o, and next year is set to be hotter still. <\/strong> <\/p>\n The conference in Dubai has been marred by controversy and criticism that oil interests were influencing the talks. <\/p>\n The conference also saw deep divisions, with Saudi Arabia leading a group of oil-producing nations rejecting language on phasing out fossil fuels. On the other side, more ambitious parties, including the European Union and a group of island states, expressed anger over a previous draft with watered-down language on fossil fuels. <\/p>\n US climate envoy John Kerry said divisions nearly derailed the conference, as oil- and gas-producing nations pushed back on fossil fuel language. <\/p>\n \u201cI think there were times in the last 48 hours where some of us thought this could fail,\u201d Kerry told reporters Wednesday. But ultimately they \u201cstepped up and said, \u2018we want this to succeed.\u2019\u201d <\/p>\n Kerry called the deal a success and a vindication of multilateralism. <\/p>\n \u201cAll of us can find a paragraph or sentences, or sections, where we would have said it differently,\u201d he said in an earlier speech after the deal was agreed. But, he added, \u201cto have as strong a document as has been put together, I find is cause for optimism, cause for gratitude and cause for some significant congratulations to everybody here.\u201d <\/p>\n He said that the agreement was \u201cmuch stronger and clearer as a call on 1.5 than we have ever heard,\u201d referring to the internally-agreed ambition to restrict global heating to 1.5 degrees Celsius above pre-industrial levels, a threshold beyond which scientists say humans and ecosystems will struggle to adapt. <\/p>\n \u201cThe message coming out of this COP is we are moving away from fossil fuels,\u201d Kerry said. \u201cWe\u2019re not turning back.\u201d <\/p>\n Several parties expressed disappointment and concerns over how quickly Al Jaber struck his gavel and adopted the draft deal. Typically countries voice their support or objections and agreement follows a debate. <\/p>\n \u201cIt seems that you gavelled the decisions and the small island developing states were not in the room,\u201d Anne Rasmussen, the lead negotiator for the Alliance of Small Island States (AOSIS), said to Al Jaber once they entered the room. <\/p>\n AOSIS, an intergovernmental organization of countries disproportionately at risk from the climate crisis, is one of the most powerful voices at the annual climate talks. <\/p>\n AOSIS was \u201cexceptionally concerned\u201d about the agreement, Rasmussen added. While the text contains \u201cmany good elements,\u201d she said, \u201cthe course correction that is needed has not yet been secured\u201d <\/strong>and \u201cwe see a litany of loopholes.\u201d <\/p>\n \u201cIt is not enough for us to reference the science and then make agreements that ignore what the science is telling us we need to do,\u201d she said in her speech which was met with a standing ovation from delegates. <\/p>\n Many climate experts, while cautiously welcoming the reference to fossil fuels in the agreement, point to serious weaknesses, including leaving the door open for fossil fuel expansion to continue. <\/p>\n Harjeet Singh, the head of global political strategy at nonprofit\u00a0Climate\u00a0Action Network International, said \u201cafter decades of evasion, COP28 finally cast a glaring spotlight on the real culprits of the climate crisis: fossil fuels. A long-overdue direction to move away from coal, oil, and gas has been set.\u201d <\/p>\n But, he added, \u201cthe resolution is marred by loopholes that offer the fossil fuel industry numerous escape routes, relying on unproven, unsafe technologies.\u201d <\/p>\n His reference is to the controversial technology known as carbon capture and storage \u2014 a set of techniques being developed to pull carbon pollution from polluting facilities such as power plants and from the air, and store it underground. The agreement calls for an acceleration of the technology. <\/p>\n Many scientists have expressed concern that carbon capture is unproven at scale, a distraction from policies to cut fossil fuel use and too expensive. <\/p>\n Some countries and experts were alarmed by the agreement\u2019s recognition of a role for \u201ctransitional fuels\u201d in the energy transition \u2014 largely interpreted to mean natural gas, a planet-heating fossil fuel. <\/p>\n \u201cWe want to raise the alarm that transition fuel will become permanent especially in developing countries,\u201d said an Antigua and Barbuda delegate. <\/p>\n There was also criticism over a failure to ensure enough funding will flow to the poorest, most climate-vulnerable countries to help them adapt to the escalating impacts of the climate crisis and move their economies toward renewable energy. <\/p>\n COP28 started with an early success on finance. On the first day, countries formally adopted a loss and damage fund decades in the making, and have since made pledges of more than $700 million to help nations on the front lines of climate change. <\/p>\n But the summit agreement \u2014 while acknowledging developing countries need up to $387 billion a year to adapt to the impacts of the climate crisis and around $4.3 trillion is required each year up to 2030 to scale up renewable energy \u2014 includes no requirements for developed countries to give more. <\/p>\n Developing countries \u201cstill dependent on fossil fuels for energy, income, and jobs, are left without robust guarantees for adequate financial support,\u201d Singh said. <\/p>\n Mohamed Adow, the director of Power Shift Africa, said in a statement the \u201ctransition\u201d in this agreement \u201cis not funded or fair.\u201d <\/p>\n \u201cWe\u2019re still missing enough finance to help developing countries decarbonise and there needs to be greater expectation on rich fossil fuel producers to phase out first,\u201d Adow said. <\/p>\n\n The world agreed to a new climate deal in Dubai on Wednesday at the COP28 summit after two weeks of painstaking talks, making an unprecedented call to transition away from fossil fuels, but using vague language that could allow some countries to take minimal action. The gavel went down on the agreement, known as the <\/p>\n","protected":false},"author":0,"featured_media":12817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-12816","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/12816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=12816"}],"version-history":[{"count":0,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/12816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media\/12817"}],"wp:attachment":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=12816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=12816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=12816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} Deal gives fossil fuel industry \u2018escape routes\u2019<\/h2>\n