OPEC Urges OPEC+ to Reject COP28 Fossil Fuel Phase-Out

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Source: Reuters
OPEC Urges OPEC+ to Reject COP28 Fossil Fuel Phase-Out
Photo: Reuters
TL;DR Summary

OPEC Secretary General Haitham Al Ghais has urged OPEC+ members to reject proposals targeting fossil fuels rather than emissions in the text under negotiation at the COP28 climate summit. The language used to describe the future of fossil fuels is the most contentious issue at the summit. OPEC members, including the United Arab Emirates, have called for a more realistic energy transition that includes a role for fossil fuels. Countries are expected to focus on the language around fossil fuels in the coming days to reach a consensus before the summit ends.

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