So the CoP28 final statement finally included “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner”. According to CoP28 President Jaber, this includes “A global goal to triple renewables and double energy efficiency. Declarations on agriculture, food and health. More oil and gas companies stepping up on methane and emissions”. UN climate chief Simon Stiell added “Whilst we didn’t turn the page on the fossil fuel era in Dubai, this outcome is the beginning of the end - The Global Stocktake showed us clearly that progress is not fast enough.” https://www.cnbc.com/2023/12/13/countries-agree-to-deal-at-cop28-climate-summit.html 

Apart from scaling down fossil fuels, there are many different Climate issues discussed at CoP28. Here are two McKinsey articles describing what has been finalised in the second week: Food & Water including: Accelerating regenerative agriculture, Supporting smallholder farmers, Preserving freshwater ecosystems, Funding water security and Improving urban water resilience: https://www.mckinsey.com/capabilities/sustainability/our-insights/sustainability-blog/cop28-food-and-water Reducing Emissions including: Tripling Renewable energy, Zero-emission Buses, More Efficient Cooling Technologies, The Green Built environment, Hydrogen Declaration of Intent, New Green

In the final week of CoP28, the Global Stocktake will take centre stage. The Report is expecting to rock negotiators  towarrds an inevitable, but unenviable word game around an agreement to phase fossil fuels 'out' or 'down'. To help push ministers over the line, UN Secretary General, Antonio Guterres is flying into Dubai this week to help “end the fossil fuel age”.Key to these negotiations will be if special circumstances are offered to the least developing countries.The planet's future is at stake.The Global Stocktake: https://www.nature.com/immersive/s41558-023-01832-z/index.htmlCommentary:  

Summing up the key announcements out of Day 5 at CoP28 - Let's accelerate the Energy Transition, which means: Let's increase renewables, energy efficiency and Hydrogen development even more, and also nuclear. Let's phase down coal, oil, gas and urgently reduce the 'super pollutant' methane.All noble aspirations...A McKinsey Sustainability summary that finishes with advice for Industry Leaders:1. Reduce Scope 1 & 2 emissions2. Measure (fugitive) methane and eliminate it3. Partner across the energy and industrial system to enable faster transition, and4. Identify the new financing opportunities and avoid stranded assets? https://www.mckinsey.com/capabilities/sustainability/our-insights/sustainability-blog/cop28-energy?

Capturing the CoP28 headlines - the debate over whether a “fossil fuel phase out” is actually scientifically called for? A webinar involving Climate Elder Mary Robinson had COP President Al Jabar arguing that there is “no science” that links a fossil fuel phase out to maintaining 1.5 degrees. But, he later reinforced that he believes “the phase-down and the phase-out of fossil fuel is inevitable.”https://www.theguardian.com/environment/2023/dec/03/back-into-caves-cop28-president-dismisses-phase-out-of-fossil-fuelsThe IPCC scenarios call for a full phase out of unabated coal, and a decrease in Oil by 60% and Gas by 45% by 2050.Read about what's possible: 

CoP28 outcomes will depend on key people - climate champions like John Kerry for the USA & Xie Zhenhua for China, for instance. Together, they vowed to “triple renewable energy capacity globally by 2030” prior to the Conference:https://www.theguardian.com/environment/2023/nov/15/us-china-climate-plan-analysisFor Brazil, it is their new President Lula da Silva (in frame above) who wants to lead the world with a climate agenda as central to government policy. And we hear that the Amazonian deforestation is reportedly slowing. But he is still encouraging Brazil's oil and gas industries to expand: