COP28 Draft Agreement Omits Fossil Fuel Phase-Out, Raising Concerns

The latest draft text of the COP28 deal published by the U.N.'s climate body does not directly mention a phase out of fossil fuels, which was a key demand by the European Union and vulnerable developing countries. The text calls for deep reductions in greenhouse gas emissions, tripling renewable energy capacity, phasing down unabated coal, accelerating efforts towards net zero emissions, reducing consumption and production of fossil fuels, and phasing out inefficient fossil fuel subsidies.