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| What’s Missing From the COP28 Climate Deal | What’s Missing From the COP28 Climate Deal |
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| The COP28 climate summit wrapped up a few hours ago with a compromise agreement that calls on nations to move away from fossil fuels. | The COP28 climate summit wrapped up a few hours ago with a compromise agreement that calls on nations to move away from fossil fuels. |
| But the deal still gives energy-exporting giants like Saudi Arabia plenty of leeway to continue drilling and presents countries and investors with the huge challenge of how to fund a green-energy shift over the next few years. | But the deal still gives energy-exporting giants like Saudi Arabia plenty of leeway to continue drilling and presents countries and investors with the huge challenge of how to fund a green-energy shift over the next few years. |
| Here’s what’s in the pact: pledges by countries to wean their economies off fossil fuels in a “just, orderly and equitable manner” this decade; triple their uptake of renewables by 2030; restrict methane emissions; and halt carbon emissions entirely by midcentury. | Here’s what’s in the pact: pledges by countries to wean their economies off fossil fuels in a “just, orderly and equitable manner” this decade; triple their uptake of renewables by 2030; restrict methane emissions; and halt carbon emissions entirely by midcentury. |
| It’s the first explicit agreement to curb fossil fuel use in the roughly three decades of such multinational negotiations. Scientists say drastic cutbacks are needed to keep global temperatures from rising by more than 1.5 degrees Celsius. | It’s the first explicit agreement to curb fossil fuel use in the roughly three decades of such multinational negotiations. Scientists say drastic cutbacks are needed to keep global temperatures from rising by more than 1.5 degrees Celsius. |
| John Kerry, President Biden’s special climate envoy, said he was “in awe of the spirit of cooperation” among negotiators. And Dan Jorgensen, the Danish minister for climate and energy, marveled that such an agreement could be reached at a summit hosted by the oil-rich United Arab Emirates. | |
| Here’s what isn’t in it: tough language on outlawing construction of new coal-burning power plants and specific commitments to help finance poorer nations’ energy transitions. “Asking Nigeria, or indeed, asking Africa, to phase out fossil fuels is like asking us to stop breathing without life support,” said Ishaq Salako, Nigeria’s environmental minister. |