"Big Oil Remains Unfazed by COP's Climate Deal in Thursday Briefing"

1 min read
Source: The New York Times
"Big Oil Remains Unfazed by COP's Climate Deal in Thursday Briefing"
Photo: The New York Times
TL;DR Summary

After two weeks of negotiations, diplomats from nearly 200 countries at the U.N. climate summit in Dubai reached a comprehensive agreement that calls for transitioning away from fossil fuels. The deal aims to eliminate carbon dioxide emissions by midcentury, triple global renewable energy installations by 2030, and reduce methane emissions. The agreement was seen as a compromise, with some island leaders expressing dissatisfaction, but it marks a significant step towards acknowledging the need to address the role of fossil fuels in climate change. In other news, Israeli Prime Minister Benjamin Netanyahu's government faces risks and opportunities in its disagreement with the U.S. over the future of the Gaza Strip, and Ukraine prepares for a defensive posture as it faces a harsh winter of Russian strikes and energy shortages.

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