Breaking News
1. Congress in Kerala scrambles to stay clear of Shashi Tharoor’s controversial article on Emergency      2. Air India plane crash probe panel denies filing initial report, says findings to be made public by July 12      3. UK or France? Cabinet waits for DRDO on combat aircraft engine      4. Axiom-4 mission : Group Captain Shubhanshu Shukla’s stay in ISS extended, NASA says crew to undock on July 14      5. Continue, consider inclusion of Aadhaar, voter ID, ration cards: SC to EC on Bihar roll revision      6. Trump puts 35% tariff on Canada from August 1, eyes 15%-20% tariffs for others      7. Supreme Court Bench headed by Justice Dhulia to hear Bihar electoral roll revision case on July 10      8. Stock Market News, July 9, 2025: Trump Says 50% Tariff on Brazil Coming; Nasdaq Rises to Record      9. 11 killed as vehicles plunge into river after Gambhira bridge collapse in Vadodara      10. Seeking ties, not competition with Africa: PM Modi in Namibia      11. Delhi Tremors As 4.4 Earthquake Hits Haryana, Many Say 'Longest In Life'      12. Donald Trump slaps fresh tariffs on 14 nations, 40% on Myanmar and Laos      13. Explosive for Pulwama attack bought via e-commerce platform: Global terror watchdog      14. PM Modi conferred with Brazil's highest civilian award, says ‘moment of immense pride and emotion’      15. Bharat Bandh on 9 July 2025: Over 25 crore workers to go on strike — Are banks, schools, colleges open today?      16. As Trump warns BRICS, China, Russia say group doesn’t target anyone      17. Bharat Bandh: Over 25 crore workers expected to participate, public services likely to be hit on Wednesday      18. Netanyahu nominates Trump for Nobel Peace Prize      19. "Close To Making Deal With India": Trump As He Slaps Tariffs On 14 Countries      20. India will give a ‘new form’ to BRICS grouping in 2026: PM Modi     

COP28's Revised Deal: Draft Omits 'Phase Out', Focuses on Fossil Fuel Transition

  • Posted on December 13, 2023
  • Environment
  • By Arijit Dutta
  • 330 Views

COP28's draft emphasizes transitioning from fossil fuels but avoids mentioning a 'phase-out.' It faces challenges in adopting ambitious targets amidst resistance from oil-producing nations. Financial gaps in climate adaptation funding persist, frustrating poorer nations. Clarifying climate finance and a global adaptation goal remain crucial outcomes sought after at COP28.

COP28's Revised Deal: Draft Omits 'Phase Out', Focuses on Fossil Fuel Transition Image Source -www.gulfbusiness.com

The newest draft agreement at COP28 urged countries to shift away from fossil fuels, emphasizing a transition without the explicit mention of "phase out." Earlier criticism from the United States, European Union, and climate-vulnerable nations influenced this change.

Focusing on combating climate change and aligning with the 1.5-degree Celsius goal, the document highlights "accelerating efforts towards the phase-down of unabated coal power," transitioning from fossil fuels in an equitable manner, and eliminating inefficient subsidies.

This deal sets ambitious targets, calling for a tripling of global renewable energy capacity and doubling energy efficiency rates by 2030. Notably, it's the first to explicitly address all forms of fossil fuels.

However, its adoption remains uncertain as past COP summits faced challenges in moving away from oil, gas, and coal, leading to global divisions.

The push for an agreement on oil cessation faced resistance from OPEC, opposing any pledge to end oil usage. COP28 President Sultan Al Jaber emphasized the need for increased efforts to finalize the deal before the conference's close.

Also Read: Asus Introduces New Chromebook Plus In India: Pricing And Noteworthy Features

Despite fossil fuels being the primary cause of climate change, previous international negotiations have failed to secure a global pact to reduce their usage. The existing text sparked protests, prompting calls for a more substantial reduction in fossil fuel usage, notably from US Special Climate envoy John Kerry.

Additionally, the draft fell short on climate finance, recognizing the widening gap between required and available funds for adaptation, frustrating poorer nations affected by climate change.

African nations, represented by Zambia's Environment Minister Collins Nvozu, stressed the crucial need for a global adaptation goal. Union Environment Minister Bhupender Yadav highlighted the necessity for a clear definition of climate finance to enhance transparency and trust among nations.

Author
No Image
Author
Arijit Dutta

You May Also Like