COP28 Negotiations Intensify as Fossil Fuel Deal Hangs in the Balance
The COP28 climate summit in Dubai is in its final days as negotiators await a draft agreement that aims to bridge the gap between countries advocating for a complete phase-out of fossil fuels and those opposing it, led by oil exporting countries like Saudi Arabia. The agreement seeks to include a commitment to reduce global consumption of oil and gas for the first time. Outstanding issues include scaling up climate finance for developing nations and establishing a framework to assist poorer countries in adapting to a warmer planet.