There was a standing ovation after COP28 President Sultan al-Jaber announced a new climate agreement had been reached.
More than 100 countries supported the idea of “phasing out” fossil fuels. But this proved too much to swallow for oil-rich nations, and instead, they agreed to “transition away” from the polluting fuels.
Other headline agreements were to achieve net-zero emissions by 2050, to triple renewable energy capacity by 2030, and to focus on moving away from coal, the most polluting fossil fuel.
But not everyone was happy with the deal. Representatives of low-lying island nations, who face devastation as a result of rising water levels, slammed the agreement for being too little too late. Report by Gracex. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
More than 100 countries supported the idea of “phasing out” fossil fuels. But this proved too much to swallow for oil-rich nations, and instead, they agreed to “transition away” from the polluting fuels.
Other headline agreements were to achieve net-zero emissions by 2050, to triple renewable energy capacity by 2030, and to focus on moving away from coal, the most polluting fossil fuel.
But not everyone was happy with the deal. Representatives of low-lying island nations, who face devastation as a result of rising water levels, slammed the agreement for being too little too late. Report by Gracex. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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NewsTranscript
00:00 We have the basis to make transformational change happen.
00:04 Heeding no objection, it is so decided.
00:08 There was a standing ovation after COP28 President
00:17 Sultan Al-Jubeir announced a new climate agreement had been reached.
00:21 The conference saw almost 200 nations come together in Dubai
00:29 to discuss how best to tackle the climate crisis.
00:32 Hosted by the United Arab Emirates, whose economy was built on oil wealth
00:39 and with the conference being attended by around 2400 representatives
00:43 and lobbyists from the fossil fuels industry, finding an agreement
00:47 to reduce the use of fossil fuels was never going to be easy.
00:51 More than 100 countries supported the idea of phasing out fossil fuels,
00:59 but this proved too much to swallow for oil rich nations,
01:02 and instead they agreed to transition away from the polluting fuels.
01:07 Other headline agreements were to achieve net zero emissions by 2050,
01:12 to triple renewable energy capacity by 2030,
01:16 and to focus on moving away from coal, the most polluting fossil fuel.
01:20 But not everyone was happy with the deal.
01:25 Representatives of low-lying island nations who faced devastation
01:29 as a result of rising water levels slammed the agreement
01:32 for being too little, too late.
01:35 We do not see any commitment or even an invitation from parties
01:38 to peak emissions by 2025.
01:41 We have come to the conclusion that the cost correction
01:44 that is needed has not been secured.
01:46 We have made an incremental advancement over business as usual
01:52 when what we really needed is an exponential step change
01:56 in our actions and support.
01:57 Environmental campaigners say that oil rich and wealthy
02:03 industrialized nations may have calculated that they can weather
02:06 the storm of climate change, even if the world fails to meet
02:10 the 1.5 degree centigrade target.
02:12 But for island nations like Samoa and those facing droughts
02:18 and famine in the global south, who face an existential threat
02:22 from climate change, time may now be running out.
02:25 [MUSIC PLAYING]