COP28 Negotiations Stumble as Fossil Fuel Phaseout Dropped

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Source: Financial Times
TL;DR Summary

The draft agreement for COP28, the United Nations climate conference, has removed the goal of phasing out fossil fuels, sparking concerns among environmentalists and climate activists. The decision to drop the phaseout language is seen as a setback for global efforts to combat climate change and transition to renewable energy sources. Critics argue that without a clear commitment to reducing fossil fuel use, the world will struggle to meet the goals of the Paris Agreement and limit global warming to 1.5 degrees Celsius.

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