EU and Democratic Leaders Slam OPEC's Attempt to Block COP28 Fossil Fuel Deal

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Source: Reuters
EU and Democratic Leaders Slam OPEC's Attempt to Block COP28 Fossil Fuel Deal
Photo: Reuters
TL;DR Summary

The European Union's climate chief criticized OPEC's attempt to block a COP28 deal on phasing out fossil fuels, calling it "unhelpful" and "out of whack." OPEC Secretary General Haitham Al Ghais urged countries in the OPEC+ group to reject any COP28 deal targeting fossil fuels. The EU, the United States, and other countries are demanding a deal to phase out fossil fuels, while OPEC members like Saudi Arabia and Russia have been strong opponents. Burning fossil fuels accounts for over 75% of global greenhouse gas emissions, and developing countries are seeking more financial support for clean energy investments. EU climate commissioner Wopke Hoekstra emphasized the importance of limiting global warming to 1.5 degrees Celsius and criticized OPEC's stance.

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