The COP28 resolution emphasizes an urgent shift to net-zero emissions and moves away from fossil fuels. It presents a more rigorous approach than its initial version and marks the first consensus in three decades of UN climate talks to shift from fossil fuel reliance.
The president of COP28, Sultan al-Jaber, hailed it as a milestone. Nonetheless, small island nations facing severe climate impacts were left wanting stronger language, preferring terms like "phase out" instead of "transition away."
Key Takeaways:
- Triple global renewable energy and double energy efficiency growth by 2030.
- Quick reduction of coal usage and limits on new coal-fired power plants.
- Move towards net-zero emission energy systems utilizing zero and low-carbon fuels by mid-century.
- Begin shifting from fossil fuels this decade, targeting net-zero by 2050, in line with scientific recommendations.
- Boost zero and low-emission technologies including renewables, nuclear, carbon capture, and low-carbon hydrogen, especially for industries that are challenging to decarbonize.
- Significantly cut non-CO2 emissions like methane by 2030.
- Expand zero-emission vehicles and infrastructure to lower road transport emissions.
- Eliminate inefficient fossil fuel subsidies that don't consider the energy poor or fair transitions, promptly.