COP28 Enters Final Stretch as UAE Strives for Fossil Fuel Deal - Bloomberg
COP28 Enters Final Stretch as UAE Strives for Fossil Fuel Deal - Bloomberg
COP28 Enters Final Stretch as UAE Strives for Fossil Fuel Deal
Sultan Al Jaber at COP28 in Dubai, on Dec. 10.Photographer: Sean Gallup/Getty Images
The COP28 climate summit in Dubai entered its final two days as Sultan Al Jaber, the Emirati oil executive who’s presiding over this year’s talks, sought to produce a text that would include a commitment to reduce the world’s consumption of oil and gas for the first time.
Early on Monday, negotiators were awaiting a draft of the agreement that would try to bridge the gap between countries that want a complete phase out of fossil fuels and those opposing it, led by Saudi Arabia and other oil exporting countries. Outstanding issues include a plan to scale up climate finance for the developing world and a framework for helping poorer nations adapt to a warmer planet.
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Related Knowledge Center: Climate diplomacy: COP 28
The 28th Conference of the Parties on climate change is planned for Nov. 30 through Dec. 12, 2023, in Dubai.