<p>United Nations' climate body on Monday (Dec 11) released draft text of the deal which would be put up for passage at the ongoing COP28 Summit in Dubai in United Arab Emirates. The text advocates for reducing production and use of fossil fuels but stops short of using the wording 'phase out'.</p>

<p>Phasing out of fossil fuels has been a key demand of the European Union as well as the nations that are vulnerable to adverse effects of climate change.</p>

<p>The draft text has been prepared under COP28 president Sultan Al Jaber, who is the head of the UAE's national oil company. The text was released on the eve of the final day at the Dubai summit.&nbsp;</p>

<p>The text advocates reduction in consumption and production of fossil fuels in "a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050 in keeping with the science".</p>

<p><strong>Watch | COP28: Indigenous activists dance to deliver message in Dubai</strong></p>

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<p>The wording 'phase-out' was included in a previous draft late last week. Climate campaigners, low-lying island states and the EU have been pushing for such a phase out rather than usual promises about reducing the use.</p>

<p>Scientists have been advocating phase out of fossil fuels as well. These fuels, such as coal, oil and gas are responsible for majority of greenhouse gas emissions. Reducing these emissions has become a key issues as the world is struggling to limit warming of the planet at 1.5 degrees Celsius above pre-industrial levels.</p>

<p>Any use of language targetting fossil fuels in COP28 deal has been strongly opposed by Iraq, Saudi Arabia and the head of the OPEC oil grouping.</p>

<h2><strong>'Huge step forward'</strong></h2>

<p>"The COP28 presidency has been clear from the beginning about our ambitions," a COP28 spokesperson said.</p>

<p>"This text reflects those ambitions and is a huge step forward."</p>

<p>"Now it is in the hands of the parties (national governments), who we trust to do what is best for humanity and the planet," the spokesperson added.</p>

<p>The new draft text mentions goal of tripling global renewable energy capacity by the year 2030.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/world/not-enough-international-energy-agency-issues-grim-assessment-of-cop28-pledges-668210">‘Not enough,’ International Energy Agency issues grim assessment of COP28 pledges</a></strong></p>

<p>The text also calls for speeding up the deployment of zero and low-emissions technologies "so as to enhance efforts towards substitution of unabated fossil fuels in energy systems".</p>

<p>The draft text also advocates "accelerating and substantially reducing non-CO2 emissions, including, in particular, methane emissions globally by 2030".</p>

<p><em>(With inputs from agencies)</em></p>


United Nations' climate body on Monday (Dec 11) released draft text of the deal which would be put up for passage at the ongoing COP28 Summit in Dubai in United Arab Emirates.

United Nations' climate body on Monday (Dec 11) released draft text of the deal which would be put up for passage at the ongoing COP28 Summit in Dubai in United Arab Emirates. The text advocates for reducing production and use of fossil fuels but stops short of using the wording 'phase out'. Phasing out of fossil fuels has been a key demand of the European Union as well as the nations that are vulnerable to adverse effects of climate change. The draft text has been prepared under COP28 president Sultan Al Jaber, who is the head of the UAE's national oil company. The text was released on the eve of the final day at the Dubai summit. The text advocates reduction in consumption and production of fossil fuels in "a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050 in keeping with the science". Watch | COP28: Indigenous activists dance to deliver message in Dubai × The wording 'phase-out' was included in a previous draft late last week. Climate campaigners, low-lying island states and the EU have been pushing for such a phase out rather than usual promises about reducing the use. Scientists have been advocating phase out of fossil fuels as well. These fuels, such as coal, oil and gas are responsible for majority of greenhouse gas emissions. Reducing these emissions has become a key issues as the world is struggling to limit warming of the planet at 1.5 degrees Celsius above pre-industrial levels. Any use of language targetting fossil fuels in COP28 deal has been strongly opposed by Iraq, Saudi Arabia and the head of the OPEC oil grouping. 'Huge step forward' "The COP28 presidency has been clear from the beginning about our ambitions," a COP28 spokesperson said. "This text reflects those ambitions and is a huge step forward." "Now it is in the hands of the parties (national governments), who we trust to do what is best for humanity and the planet," the spokesperson added. The new draft text mentions goal of tripling global renewable energy capacity by the year 2030. Also Read | ‘Not enough,’ International Energy Agency issues grim assessment of COP28 pledges The text also calls for speeding up the deployment of zero and low-emissions technologies "so as to enhance efforts towards substitution of unabated fossil fuels in energy systems". The draft text also advocates "accelerating and substantially reducing non-CO2 emissions, including, in particular, methane emissions globally by 2030". (With inputs from agencies)

New COP28 draft deal avoids 'phase out' of fossil fuels

<p>Leaders from nearly 120 nations vowed to triple the world's renewable energy capacity within the next seven years at COP28 summit in Dubai. The development has emerged as a collective push to shift away from fossil fuels and advance towards achieving net-zero carbon emissions by 2050 despite the fact that major oil producers, including Saudi Arabia, Russia, Iran, and China, have opted not to join the initiative.</p>

<h2><strong>What does it mean?</strong></h2>

<p>These pledges are voluntary and non-binding. But their focus centres on an ambitious deployment of solar, wind, hydroelectric, and other renewable sources.</p>

<p>President Sultan Al Jaber, leading COP28, expressed the need for broader participation, particularly from key stakeholders. Notably, more than half of all nations signed up to triple global renewable capacity and double energy efficiency by 2030.</p>

<p>Clean energy advocates welcomed the commitment but called for the necessity of concurrently phasing out more polluting forms of energy.&nbsp;</p>

<p>Greenpeace's COP28 delegation head, Kaisa Kosonen, noted, "The future will be powered by solar and wind, but it won't happen fast enough unless governments regulate fossil fuels out of the way."</p>

<h2><b>COP28 summit: Inside oil companies' pledge to 'decarbonise'</b></h2>

<p>In another significant development, oil and gas companies responsible for 40 per cent of global production, including Saudi Aramco and UAE's ADNOC, pledged to decarbonise their operations by 2050 and curb methane emissions. However, these commitments excluded emissions from the burning of fuels by customers.</p>

<p><strong>Also watch |&nbsp;COP28 summit in Dubai: India offers to host climate talks in 2028 | World News | WION</strong></p>

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<p>The issue of methane emissions gained prominence at COP28, with the US Environmental Protection Agency announcing tighter curbs on such emissions from the country's oil and gas industry.</p>

<p>Methane, responsible for about one-third of greenhouse gas warming, became a focal point in discussions between US climate envoy John Kerry and his Chinese counterpart Xie Zhenhua.</p>

<h2><strong>The US' call for tripling nuclear energy capacity</strong></h2>

<p>As world leaders gathered at COP28, the United States spearheaded a call by over 20 nations to triple nuclear energy capacity by 2050. &nbsp;Proponents say that it can play a "key role" in achieving carbon neutrality.</p>

<p>The US Vice President Kamala Harris announced a $3 billion contribution to a fund aiding developing countries in energy transition and climate change impacts, marking Washington's first pledge since 2014.</p>

<p><em>(With inputs from agencies)</em></p>


Leaders from nearly 120 nations vowed to triple the world's renewable energy capacity within the next seven years at COP28 summit in Dubai. The development has emerged as a collective push to shift away from fossil fuels and advance towards achieving net-zero carbon emissions by 2050 despite the fact that major oil producers, including Saudi Arabia, Russia, Iran, and China, have opted not to join the initiative.

Leaders from nearly 120 nations vowed to triple the world's renewable energy capacity within the next seven years at COP28 summit in Dubai. The development has emerged as a collective push to shift away from fossil fuels and advance towards achieving net-zero carbon emissions by 2050 despite the fact that major oil producers, including Saudi Arabia, Russia, Iran, and China, have opted not to join the initiative. What does it mean? These pledges are voluntary and non-binding. But their focus centres on an ambitious deployment of solar, wind, hydroelectric, and other renewable sources. President Sultan Al Jaber, leading COP28, expressed the need for broader participation, particularly from key stakeholders. Notably, more than half of all nations signed up to triple global renewable capacity and double energy efficiency by 2030. Clean energy advocates welcomed the commitment but called for the necessity of concurrently phasing out more polluting forms of energy. Greenpeace's COP28 delegation head, Kaisa Kosonen, noted, "The future will be powered by solar and wind, but it won't happen fast enough unless governments regulate fossil fuels out of the way." COP28 summit: Inside oil companies' pledge to 'decarbonise' In another significant development, oil and gas companies responsible for 40 per cent of global production, including Saudi Aramco and UAE's ADNOC, pledged to decarbonise their operations by 2050 and curb methane emissions. However, these commitments excluded emissions from the burning of fuels by customers. Also watch | COP28 summit in Dubai: India offers to host climate talks in 2028 | World News | WION × The issue of methane emissions gained prominence at COP28, with the US Environmental Protection Agency announcing tighter curbs on such emissions from the country's oil and gas industry. Methane, responsible for about one-third of greenhouse gas warming, became a focal point in discussions between US climate envoy John Kerry and his Chinese counterpart Xie Zhenhua. The US' call for tripling nuclear energy capacity As world leaders gathered at COP28, the United States spearheaded a call by over 20 nations to triple nuclear energy capacity by 2050. Proponents say that it can play a "key role" in achieving carbon neutrality. The US Vice President Kamala Harris announced a $3 billion contribution to a fund aiding developing countries in energy transition and climate change impacts, marking Washington's first pledge since 2014. (With inputs from agencies)

COP28 summit in Dubai makes breakthrough over renewable fuels. But there is a catch

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New COP28 draft deal avoids 'phase out' of fossil fuels

COP28 summit in Dubai makes breakthrough over renewable fuels. But there is a catch

WION Global Summit 2020: Global Thinkers Forum: Leaders who Matter

WION Global Summit 2020: Balancing and Recalibrating Pakistan's Diplomatic Strategy