Representatives from nearly 200 nations reached a historic accord on Wednesday at the COP28 climate summit, committing to initiating a reduction in global fossil fuel consumption to mitigate the severe impacts of climate change.
This unprecedented agreement marks a significant milestone, signaling the inevitable transition away from the era of oil.
The pact, finalized in Dubai following intense two-week negotiations, serves as a robust message to both investors and policymakers, emphasizing global unity in the pursuit of distancing from fossil fuels—a crucial measure scientists identify as the last and most effective strategy to avert a climate catastrophe.
COP28 President Sultan Al Jaber described the agreement as “historic” while underscoring that its genuine success lies in its execution.
