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. The deal calls for “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner … so as to achieve net zero by 2050 in keeping with the science.”
By Valerie Volcovici, Gloria Dickie and William James. Reuters. December 13, 2023.
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