Kerry Lauds COP28 Negotiators on Fossil Fuels Agreement
· 14.12.2023 · 22:00:16 ··· ··· Thursday ·· 4 (4)
Bloomberg Quicktake: Now A global deal to transition away from fossil fuels that was adopted within minutes of the start of the final session of the COP28 summit is being viewed as a historic moment for climate progress in nearly three decades of the UN talks.
“This COP is one of those key turning points and there haven’t been that many of those,” said Germany’s climate envoy Jennifer Morgan on Wednesday after COP28 President Sultan Al Jaber brought the gavel down to confirm the deal.
The decision is an important marker in the global direction of travel toward a low-carbon energy system. The text also includes agreements to triple the deployment of renewable power and double the rate of efficiency gains by the end of the decade. A separate COP28 agreement, reached earlier, makes operations a hard-fought fund for addressing the losses and damages of climate change.
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