COP28 Summit: Urgent Action Needed as Humanity's Lifeboat Sinks

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Source: CNBC
COP28 Summit: Urgent Action Needed as Humanity's Lifeboat Sinks
Photo: CNBC
TL;DR Summary

Government ministers from nearly 200 countries have reached a deal at the COP28 climate summit in Dubai, calling for a transition away from fossil fuels. The agreement includes goals to triple renewable energy capacity, double energy efficiency improvements, and phase down unabated coal power by 2030. However, it does not mandate an absolute phase-out of hydrocarbons. The previous draft text had faced criticism for its omission of language on ending the use of fossil fuels. The deal marks a significant step towards addressing climate change but falls short of the complete phase-out that some activists had called for.

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