The COP28 climate meeting in the UAE finally reached an agreement today with representatives from 200+ countries ratifying it. The agreement is for the reduction of global consumption of fossil fuels to avert the worst of climate change, signaling the eventual end of the, Gas and Coal still accounting for about 80% of the world's energy, and projections vary widely about when global demand will finally hit its peak. There were concerns regarding the reaction of OPEC+ members and Gulf States and whether they would be supportive of the measures with Saudi Arabia a particular concern. According to a source familiar with the matter, the Saudi position is that it sees “"a menu where every country can follow its own pathway," saying it "shows the various tracks that will allow us to maintain the objective of 1.5 (degrees Celsius) in accordance with the characteristics of every nation and in the context of sustainable development." There has been this ongoing debate particularly in the developing world around the phasing out of fossil fuels with many countries finding it tough
The COP28 climate meeting in the UAE finally reached an agreement today with representatives from 200+ countries ratifying it. The agreement is for the reduction of global consumption of fossil fuels to avert the worst of climate change , signaling the eventual end of the, Gas and Coal still accounting for about 80% of the world's energy, and projections vary widely about when global demand will finally hit its peak.
There were concerns regarding the reaction of OPEC+ members and Gulf States and whether they would be supportive of the measures with Saudi Arabia a particular concern. According to a source familiar with the matter, the Saudi position is that it sees “"a menu where every country can follow its own pathway," saying it "shows the various tracks that will allow us to maintain the objective of 1.5 (degrees Celsius) in accordance with the characteristics of every nation and in the context of sustainable development." There has been this ongoing debate particularly in the developing world around the phasing out of fossil fuels with many countries finding it toug
COP28 Climate Meeting Agreement Fossil Fuel Reduction Global Consumption Climate Change Gas Coal Energy OPEC+ Gulf States Saudi Arabia Sustainable Development Developing World Phasing Out
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