Many problems remain – primarily the key one on what the future of fossil fuels will be.
Extended Discussions Anticipated:
As Cop28 negotiations persist, indications suggest potential challenges in resolving key discussion points. Historical precedent hints at the likelihood of an extension beyond the scheduled deadline, a common occurrence in previous Cop summits.
Global Stocktake’s Importance:
Amidst the discussions, the global stocktake assumes paramount importance, serving as an assessment of the world’s stance on climate change and outlining necessary actions.
Crucial Fossil Fuel Debate:
A pivotal aspect revolves around the text’s stance on addressing fossil fuels. A published draft text outlined five potential options, including aligning with scientific advice by phasing out all fossil fuels. Intermediate options range from complete phasing out to allowing continued burning if emissions are captured.
Differing Stances:
The European Union (EU) and the Alliance of Small Island States (AOSIS), representing highly climate-vulnerable nations, advocate for commitments to “phase out” fossil fuels. Their stance aligns with the urgency to address climate change and its impacts on vulnerable regions.
