Breaking News
1. 8 dead, at least 40 injured as farmworkers' bus overturns in central Florida      2. Court convicts German far-right politician of using Nazi slogan      3. Salman Khan firing case: Mumbai crime branch registers case against gangster Rohit Godara      4. Donald Trump wins the Republican presidential primary in Maryland, Nebraska and West Virginia      5. Six people killed in bus-lorry collision in Andhra's Palnadu district      6. Two more bodies located under debris at hoarding collapse site in Mumbai: NDRF official      7. US: 11 people die in shootings in small town in southern Mexico state of Chiapas, prosecutors say      8. Ukrainian strike on apartment block kills 15, Russia says      9. Georgia police push protesters away ahead of 'foreign agent' bill debate, Russia's TASS reports      10. Defence of US soldier held in Russia's custody appeals detention, RIA agency reports      11. Turkish and Greek leaders set for talks to maintain positive momentum      12. 'Only Congress leader can question Army's valour': Smriti Irani on Telangana CM's remark on Pulwama attack      13. Canadian Police arrest fourth suspect in terrorist Hardeep Nijjar killing case      14. Lok Sabha polls: Prime Minister Modi to hold four rallies in West Bengal today      15. UN reports fighting in Sudan's Darfur involving 'heavy weaponry'      16. First person to receive a genetically modified pig kidney transplant dies nearly 2 months later      17. Trump again attacks New York prosecutor, floats economic plans at New Jersey rally      18. Groom, 3 others charred to death as truck hits car      19. Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says      20. Earth is experiencing an 'extreme' geomagnetic storm, a US agency has said, the first such solar event since 2003.     

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

  • Posted on December 13, 2023
  • Environment
  • By TSW NEWS DESK
  • 142 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
TSW NEWS DESK

You May Also Like