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It is time we discussed the science behind the phase out of fossil fuels; by when and which fuel
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The world agreed to transition away from fossil fuels at COP28 Dubai, besides operationalising a Loss and Damage Fund; it did not set a deadline for fossil fuel phaseout or reassure on climate finance & equity though
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The final text agreed on December 13, acknowledges the Global Dialogues and the summary report produced by the Co-Chairs
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Global Stocktake text has some key highlights & evident gaps, a big one being on the operationalisation of equity in the fossil fuels transition
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Among other risks, a further delay in operationalising Article 6 could mean voluntary carbon markets and discretionary bilateral arrangements will keep filling the void
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The two-week long battle of negotiations saw many competing priorities from countries influencing the text
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New climate finance goal discussions remained limited to process, substantive elements pushed to COP29
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