CAN COP28 POLICE THE CLIMATE?
Martin Wahl
After heated debate about how far the conference would go asking for the reduction of fossil fuel production and use, the 197 participating countries agreed in overtime to call for “transitioning away from fossil fuels in energy systems” by 2050. While smaller island nations say the deal does not do enough to protect them, OPEC nations wanted the agreement to address emissions and not fuels. The road to compromise was contentious.
By December 8, pledges to the Loss and Damage Fund exceeded $700 million, a big number, but less than 0.2% of the estimated losses caused by climate change in developing countries annually.
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