COP28 in Dubai: New Global Stocktake text calls for ‘reducing consumption and production of fossil fuels’

COP28 in Dubai: New Global Stocktake text calls for ‘reducing consumption and production of fossil fuels’

The long-awaited draft has refrained from using terms such as ‘phase out’ or ‘phase down’ of fossil fuels, which have been contentious points of debate at the climate conference.

“The COP28 Presidency has been clear from the beginning about our ambitions. This text reflects those ambitions and is a huge step forward. Now it is in the hands of the Parties, who we trust to do what is best for humanity and the planet,” the COP28 Presidency said in a statement.

Governments will now be invited to consider the text, with two key meetings to take place this evening, in particular a heads of delegation meeting at 8pm.

The draft also called for:

-Tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030;

-Rapidly phasing down unabated coal; and limitations on permitting new and unabated coal power generation;?-

-Accelerating efforts globally towards net zero emissions energy systems, utilizing zero and low carbon fuels well before or by around mid-century;?

-Accelerating zero and low emissions technologies, including, inter alia, renewables, nuclear, abatement and removal technologies, including such as carbon capture and utilisation and storage, and low carbon hydrogen production, so as to enhance