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COP28: Consensus on phasing out fossil fuels may elude Dubai summit

After a slew of declarations and pledges, negotiators will now double down on reaching consensus on the contentious issues of climate finance and phasing out fossil fuels.

December 07, 2023 / 18:42 IST
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COP28
COP28

The euphoria over declarations and pledges to boost renewable energy capacity, transform food systems and cut emissions in the healthcare sector have evaporated one week into the UN climate summit in Dubai.

Negotiators are now buckling up to reach consensus on several contentious issues including the exact wording on cutting planet-warming emissions and securing finance so that developing nations can mitigate and adapt to the worst effects of the climate crisis.

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COP28

Representatives from almost 200 countries are now in the midst of finalising what is known as the Global Stocktake, a foundational component of the Paris climate pact to monitor implementation and evaluate the collective progress made in achieving agreed goals.