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dw.com Original article ›
LyrArc Article Gist
The final COP28 agreement 2023 in Dubai, UAE, does not call for phase out of fossil fuels as Gemany and the EU called for. It instead uses the term "transition away from fossil fuels." Questions are being raised as to what was achieved at this climate change summit in a oil producing country.

dw.com Original article ›
LyrArc Article Gist
Failure of the COP28 summit agreement to call for the phaseout of fossil fuels. Oil producing UAE, Saudi Arabia and other oil producing countries are seen as watering down the final agreement in their own interests ignoring the impact of climate change fires and drought, floods in 2023. The COP28 conference in Dubai, United Arab Emirates, is unusual in that it is taking place in a country that is a big producer of fossil fuels and has no immediate interest in cutting use of fossil fuels.

WSJ Original article ›
LyrArc Article Gist
The global stocktake was set for 2023 at the 2015 Paris Climate Accords. This measures the progress towards limiting climate change warming to to 1.5 degrees rise in temperatures. The 2023 stocktake at COP28 Dubai shows the goal is elusive and the earth is at warming by 2.5 degrees Celsius, with the climate change action of industry and public participation flagging. The pandemic has worsened the financial ability of poorer countries to handle the transition to clean energy, even as it has caused serious floods and fires. The major oil companies are also not investing as needed.


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