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Writer's pictureBy The Financial District

Cop28 Cuts Deal To Transition Away From Fossil Fuels

Representatives from nearly 200 countries agreed at the COP28 climate summit to begin reducing global consumption of fossil fuels to avert the worst of climate change, a first-of-its-kind deal signaling the eventual end of the oil age, Valerie Volcovici, Gloria Dickie, and William James reported for Reuters.


COP28 President Sultan Al Jaber called the deal "historic" but added that its true success would be in its implementation. I Photo: COP28 Facebook



The deal struck in Dubai after two weeks of hard-fought negotiations was meant to send a powerful signal to investors and policy-makers that the world is united in its desire to break with fossil fuels, something scientists say is the last best hope to stave off climate catastrophe.


COP28 President Sultan Al Jaber called the deal "historic" but added that its true success would be in its implementation.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

"We are what we do, not what we say," he told the crowded plenary at the summit. "We must take the steps necessary to turn this agreement into tangible actions." Several countries cheered the deal for accomplishing something elusive in decades of climate talks.




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