Daily Management Review

UN Climate Conference declares beginning of the oil era end


12/14/2023


The two-week UN climate conference COP28 came to a close on Wednesday in Dubai, United Arab Emirates, with the acceptance of a document on the phase-out of fossil fuel use by 2050.



Paul Lowry
Paul Lowry
The phrasing of the conference's final document, which addressed countries' intentions to stop using fossil fuels, was the main topic of intense dispute among attendees. The developed world's states most susceptible to climate change advocated for "complete divestment from fossil fuels". The "gradual reduction" or "lower consumption and production" of fossil fuels was suggested by nations that produce coal, gas, and oil.

Consequently, compromise language regarding the intended "transition away from fossil fuels in energy systems" by 2050 is included in the final draft.

It continues by listing several strategies to accomplish this shift and lower greenhouse gas emissions: boosting absorption of emissions through natural ecosystems, capture and landfill technologies, low-carbon hydrogen utilization, nuclear power development, and even the use of "transition fuels" (natural gas, mainly, as a less climate-damaging fossil fuel).

The conference's conclusion was hailed by many experts as significant because, for the first time in the history of climate negotiations, it addressed fossil fuels and the necessity to abandon an economic model reliant on them.

source: reuters.com